Common use of UNIFORM SECURED NOTE Clause in Contracts

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust or Security Deed (the “Security Instrument”), dated the same as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these conditions are described 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 prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender’s security will not be impaired by the loan assumption and that the risk of a beach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep all the promises and agreements made in this Note and in this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate payment in full, 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 Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies by this Security Instrument without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made make in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these those conditions are described as follows: Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, “Interest in the Property” means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Xxxxxxxx at a future date to a purchaser. If all or any part of the Property or any interest Interest in it the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred and Borrower is not a natural persontransferred) without LenderXxxxxx’s prior written consent, Lender may, at its option, may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that LenderXxxxxx’s security will not be impaired by the loan assumption and that the risk of a beach breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable lawApplicable Law, Lender may charge a reasonable fee as a condition to LenderXxxxxx’s consent to the loan assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in this the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender Xxxxxx releases Borrower in writing. If Lender exercises the option to require immediate payment in full, 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 given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower Xxxxxxxx fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.. _______________________________________ (Seal) - Borrower _______________________________________ (Seal) - Borrower _______________________________________ (Seal) - Borrower [Sign Original Only] MULTISTATE ADJUSTABLE RATE NOTE-1-Year LIBOR Index (Assumable during Life of Loan)--Single Family--Freddie Mac UNIFORM INSTRUMENT Form 5530 3/04 (rev.6/16)

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made make in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these those conditions are described as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest Interest in it the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred and Borrower is not a natural persontransferred) without LenderXxxxxx’s prior written consent, Lender may, at its option, may require immediate payment in full of all sums secured by this Security Instrument. Lender also However, this option shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required exercised by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender’s security will not be impaired such exercise is prohibited by the loan assumption and that the risk of a beach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep all the promises and agreements made in this Note and in this Security Instrument unless Lender releases Borrower in writingApplicable Law. If Lender exercises the option to require immediate payment in fullthis 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 given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower Xxxxxxxx fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED. (Seal) (Seal) [Sign Original Only] APN #: Title Order No.: LOAN #: AMOUNT OF CONSIDERATION: $847,000.00 [Space Above This Line For Recording Data] DEED OF TRUST MIN MERS PHONE #: The following information, as further defined below, is provided in accordance with Virginia law: This Deed ofrTust is given by as Borrower (trustor), to as Trustee, for the benefit of Mortgage Electronic Registration Systems, Inc., as beneficiary. DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust or Security Deed (the “Security Instrument”), dated the same as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these conditions are described 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 LenderXxxxxx’s prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that LenderXxxxxx’s security will not be impaired by the loan assumption and that the risk of a beach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender Xxxxxx may charge a reasonable fee as a condition to LenderXxxxxx’s consent to the loan assumption. Lender may also require the transferee to keep all the promises and agreements made in this Note and in this Security Instrument unless Lender Xxxxxx releases Borrower in writing. If Lender exercises the option to require immediate payment in full, 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 Security Instrument. If Borrower Xxxxxxxx fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies by this Security Instrument without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder from possible losses which might result if I do not keep the promises which I made make in this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts I owe under this Note. Some of these those conditions are described as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest Interest in it the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred and Borrower is not a natural persontransferred) without Lender’s prior written consent, Lender may, at its option, may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender’s security will not be impaired by the loan assumption and that the risk of a beach breach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable lawApplicable Law, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in this the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate payment in full, 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 given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.. Borrower

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder Lender under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder Lender from possible losses which might result if I do Borrower does not keep the promises which I made Borrower makes in this Note. That Security Instrument describes how and under what conditions I Borrower may be required to make immediate payment in full of all amounts I owe Borrower owes under this Note. Some of these those conditions are described as follows: Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest Interest in it the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred and Borrower is not a natural persontransferred) without LenderXxxxxx’s prior written consent, Lender may, at its option, may require immediate payment in full of all sums secured by this Security Instrument. Lender also However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. NOTICE IS HEREBY GIVEN TO MAKER THAT ORAL AGREEMENTS OR ORAL COMMITMENTS TO LEND MONEY, EXTEND CREDIT, MODIFY LOAN TERMS OR FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER «90» LAW. «{$IF(PropertyData.PropertyAddress.State|»«{$IF(PropertyData.PropertyAddress.State|» «SIG» EXHIBIT A TO NOTE FORM OF AGREEMENT TO CONVERT [To be Completed at Exercise of Conversion Option] This Agreement is made this option if: day of , by and between «7» «13» (athe “Lender”) Borrower causes to be submitted and «110» (the “Borrower”) and modifies and amends certain terms of Xxxxxxxx’s indebtedness evidenced by a Promissory Note (the “Note”) to Lender information required dated «207», which is secured by Lender a mortgage, deed of trust or security deed or similar instrument (the “Security Instrument”) of the same date and covering the property described in the Security Instrument (the “Property”) and located at: « 84», « 85», « 90» « 87» [Property Address] In consideration of Xxxxxxxx’s exercise of Xxxxxxxx’s option to evaluate the intended transferee as if a new convert Borrower’s variable interest rate revolving line of credit Loan to another interest rate loan were being made without revolving line of credit provisions pursuant to the transferee; provisions of the Note and (b) Lender reasonably determines that Lender’s security will not be impaired by the loan assumption and that the risk of a beach of any covenant or agreement in this Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep all the promises and agreements made in this Note and in this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate payment in full, 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 Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies by this Security Instrument without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right Note is hereby modified and amended as follows: I Sections 9A and 9C of the “Revolving Line of Credit Variable Rate Provisions” of the Note are deleted in full and the following is inserted in its place: [Insert interest rate provisions of the applicable loan product.] II Section 9B is changed to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.read:

UNIFORM SECURED NOTE. This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder Lender under this Note, a Mortgage, Deed of Trust Trust, or Security Deed (the “Security Instrument”), dated the same date as this Note, protects the Note Holder Lender from possible losses which might result if I do Borrower does not keep the promises which I made Borrower makes in this Note. That Security Instrument describes how and under what conditions I Borrower may be required to make immediate payment in full of all amounts I owe Borrower owes under this Note. Some of these those conditions are described as follows: Transfer If all or any part of the Property or a Beneficial any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Xxxxxx’s prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. NOTICE IS HEREBY GIVEN TO MAKER THAT ORAL AGREEMENTS OR ORAL COMMITMENTS TO LEND MONEY, EXTEND CREDIT, MODIFY LOAN TERMS OR FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER «90» LAW. «{$IF(PropertyData.PropertyAddress.State|»«{$IF(PropertyData.PropertyAddress.State|» «SIG» ‘NE VARIETUR’ for identification with an Act of Mortgage passed before me this , . day of Notary Public (Name): EXHIBIT A TO NOTE FORM OF AGREEMENT TO CONVERT [To be Completed at Exercise of Conversion Option] This Agreement is made this day of , by and between «7» «13» (the “Lender”) and «110» (the “Borrower”) and modifies and amends certain terms of Xxxxxxxx’s indebtedness evidenced by a Promissory Note (the “Note”) to Lender dated «207», which is secured by a mortgage, deed of trust or security deed or similar instrument (the “Security Instrument”) of the same date and covering the property described in the Security Instrument (the “Property”) and located at: « 84», « 85», « 90» « 87» [Property Address] In consideration of Xxxxxxxx’s exercise of Xxxxxxxx’s option to convert Borrower’s variable interest rate revolving line of credit Loan to another interest rate loan without revolving line of credit provisions pursuant to the provisions of the Note and to the Security Instrument, the Note is hereby modified and amended as follows: I Sections 9A and 9C of the “Revolving Line of Credit Variable Rate Provisions” of the Note are deleted in full and the following is inserted in its place: [Insert interest rate provisions of the applicable loan product.] II Section 9B is changed to read: III Prepayment. If [Select and insert the appropriate provision associated with the applicable loan product] In addition to the modifications to the Note stated above, Borrower understands that, upon Xxxxxxxx’s signing of this Agreement, Lender will have the option to require immediate payment in full of all sums secured by the Security Instrument 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 LenderXxxxxx’s prior written consent, Lender may, at its option, require immediate payment as provided in full of all sums secured by this the Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee Except as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender’s security will not be impaired by the loan assumption and that the risk of a beach of any covenant or agreement stated in this Agreement, Xxxxxxxx’s promise to pay and the covenants and agreements under the Note and under the Security Instrument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender’s consent to the loan assumption. Lender may also require the transferee to keep all the promises and agreements made in this Note and in this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate payment in full, 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 Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies by this Security Instrument continue without further notice or demand on Borrower. NOTICE TO CO-SIGNER Your signature on this Note means that you are equally liable for repayment of this loan. If the Borrower does not pay, the Lender has a legal right to collect from you. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNEDchange.