201304041 - Laserfiche WebLink

Browse

201304041 be called the "Calculated Interest Rate" for each Change Date. The Calculated Interest Rate will be compared to the interest rate in effect immediately prior to the current Change Date (the "Existing Interest Rate"). The Calculated Interest Rate will never increase above 12,700% The Calculated Wei-est Rate will be adjusted if necessary to comply with the rate limitation(s)described above and will be in effect until the next Change Date.At any change date, if the Calculated Interest Rate equals the Existing Interest Rate,the interest rate will not change. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument.Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party(such as the Trustee) for services rendered and the charging of the fee is permitted under applicable law. 24. Substitute Trustee.Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title,power and duties conferred upon Trustee herein and by applicable law. 25. Request for Notices.BORROWER HEREBY REQUESTS THAT,UNLESS OTI IERWISE PRESCRIBED BY LAW,A COPY OF ANY NOTICE OF DEFAULT OR NOTICE Of SALE PURSUANT TO THE NONJUDICIAL FORECLOSURE.OF THIS DEED OF TRUST BE MAILED TO BORROWER AT BORROWER'S MAILING ADDRESS SET FORTH HEREIN. 2G. Riders to this Security Instrument.If one or more riders are et:ecttted by Borrower and recorded together with this Security Instrument,the covenants of each such nder shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. fChcck applicable box(es).I II Condominium Rider Planned Unit Development Rider n Other[Specifyf BY SIGNING BELOW,Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any riders)executed by Borrower and recorded with it. (SEAL) f( i'// Gerald K. Foulk Date 2-1.4, r__��' _ (SEAL) /-/- /% / Karen P. Foulk Date • Page 9 of 11 IIFcM Second need UlTru.t