200007591 - Laserfiche WebLink

Browse

20010'7591 PREPAYMENT RIDER 5795809M EX THIS PREPAYMENT RIDER is made this ... Zth........ day of .. SEPTEMBER 2000 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Note to ................. ............................... ....................... WELLS „FARGO.HOME, MORTGAGE,,, INC......................... ............................... of the same date and covering the Property described in the Security Instrument and located at: 22.15.2219 WEST.CAPITAL AVE. GRAND ISLAND NE 6.8.803 (Property Address) PREPAYMENT COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: I have the right to make payments of principal at any time before they are due. A prepayment of all of the unpaid principal is known as a "full prepayment.” A prepayment of only part of the unpaid principal is known as a "partial prepayment." Except as provided below, I may make a full prepayment or a partial prepayment at any time without paying any penalty. However, if within the first ,three... (A..) year(s) after the execution of the Security Instrument I make full prepayment, I will pay a prepayment charge in an amount equal to the payment of six (6) months' advance interest, at the interest rate provided for under the Note, on the amount prepaid which is in excess of twenty percent (20 %) of the original principal amount. Subprime Prepayment (1 -5 yrs) Rider - Fixed Rate (AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IN, KY, ME, MT, ND, NE, NH, NV, OK, SD, TN, UT, WA, MA (N /O /O properties) TX (int rate cannot exceed 12 %) WY (first mtgs only, int rate cannot exceed 18 %)) (Page 1 of 2) EC180L Rev. 05/11/99