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200109506
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200109506
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Last modified
10/14/2011 10:02:53 AM
Creation date
10/20/2005 10:17:52 PM
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DEEDS
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200109506
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00/13/01 15:38:24 -> 40=70496 Page 055 <br />200109506 <br />LOAN ID# 1300303419 <br />BALLOON PAYMENT RIDER TO <br />MORTGAGE /SECURITY INSTRUMENT <br />THIS BALLOON PAYMENT RIDER ( "Rider ") is made this 13th day of August 1 2001 and <br />amends a Mortgage /Security Instrument in the amount of 110,500.00 made by the person(s) who signed below <br />( "Borrowers ") to The Equitable Building & Loan Assn, FSB <br />("Lender") <br />and is dated the same as a Note for which this Mortgage /Security Instrument secures collateral. <br />In addition to the agreements and provisions made in the Note and Mortgage /Security Instrument, both Borrower and <br />Lender further agree as follows: <br />IF NOT PAID EARLIER, THIS LOAN IS PAYABLE IN FULL ON August 20, 2016 <br />(THE "MATURITY DATE "). BORROWER MUST REPAY THE ENTIRE UNPAID PRINCIPAL <br />BALANCE OF THE LOAN AND INTEREST THEN DUE. THIS IS CALLED A "BALLOON <br />PAYMENT." THE LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT <br />TIME. <br />At least ninety days (90) but not more than one hundred twenty (120) days prior to the Maturity Date, Lender must send <br />Borrower a notice which states the Maturity Date and the amount of the balloon payment which will be due on the Maturity <br />Date (assuming all the scheduled payments due between the date of the notice and the Maturity Date are made on Time). <br />Witness <br />SHANNON M. ROUDEBUSH B r o w er '^ <br />Witness . ROUDEBUSH Borrower <br />Borrower <br />Borrower <br />Borrower <br />Borrower <br />3161210 (ootq) <br />* For Use by Non - Borrower Party with Interest in Collateral Property <br />
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