Common use of Transfer of the Property or a Beneficial Interest in Borrower Clause in Contracts

Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Mortgage. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Mortgage. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Mortgage. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Mortgage without further notice or demand on Borrower. Non-Uniform Covenants. Borrower and Lender further covenant and agree as follows:

Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's ’s prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this MortgageDeed of Trust. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this MortgageDeed of Trust. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this MortgageDeed of Trust. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Mortgage Deed of Trust without further notice or demand on Borrower. NonNON-Uniform CovenantsUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:

Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's ’s prior written consent, Lender may, at its option, require immediate payment in full of for all sums secured by this MortgageDeed of Trust. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this MortgageDeed of Trust. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of or not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this MortgageDeed of Trust. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Mortgage Deed of Trust without further notice or demand on Borrower. NonNON-Uniform CovenantsUNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:

Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural national person) without LenderXxxxxx's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Mortgage. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Mortgage. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Mortgage. If Borrower Xxxxxxxx fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Mortgage without further notice or demand on Borrower. Non-Uniform Covenants. Borrower and Lender further covenant and agree as follows:.