|
- J, . . . ' .. . f �{v{����l�eart+:*�M Y iy7lr�mra.. � li,) i�Qb' I
<br /> .. . .�;a�:ni .wruaww�ul 4M�N� «++�+...- �i �UM I . `� � ,
<br /> r �
<br /> .;;
<br />�� � . �.m� -. . � . _ _
<br /> .. . . ' .�..,..:�_. .. -
<br /> - �� -'.ak.w..y..,...�_'.-._ � .
<br /> i &:F ir � •-
<br /> . y`•ri
<br /> ,. � ,.�
<br /> t
<br /> .' • ',�4.G 1d�'�'�'i��'
<br /> �A�.I.,��N RI��R '
<br /> (CONDITIONAL MOQIFICATIt�N AND FXTENSION O� L4�IN Y�RMS)
<br /> 7H19 Of1LQ01�1 f�'IDEF�h rtl"_Lh!hh��d9Y 0} AQAl1�__ � 7004 . �nd M InaotPOnt�d Nto and MaN b�
<br /> dM9rnd to�nd�nd wppUn�nt ths MaqrO�,Owd of T1ru�t a ONd to 8rcun D�bt (tM'B�ouAqr Imwm�nY)04 ttn�an�dna aNm
<br /> by ttN and�siprNd(the"BartowK")to Woun th�eort�wws No�to Uebn Bank and Tru Co.
<br /> (th�"Nndr')of tM wrN d�t��nd aouwkp tha proprty dncrlb�d N th�S�aur�r Inttrum�nt
<br /> �nd koat�d aM AYYY w�r ���.. A.�..a Id�wA YAlr��4�R�af�i --
<br /> y � r �
<br /> ' (ho0�nr Addntt) —
<br /> TII�Y11�i!nt�{ZtW9 Ofl lh�Not�it osNld tIN'NOb RtU." Tlim dlU Ot tM NOb is WIld tll�"NOb O�IU." 1 YfldMetltid!IN LM1dM
<br /> mur y�nst�r th�nct�.8ecurAy InaWm�nt�nd thb Flida. Th�t�ndK or aeyon�who t�tM Nob.th�8oaudt�r Instrummt md tNk Wd�t
<br /> by trmstu and who�t�n�RNd to�cNw P�Y��undK tA�Not�b aal�d tM"Not� NoW�r.'
<br /> ADOITlONAL COg/ENNANTS. in tddkbn to t!N oowmnts �d aprwnwnt� In th� S�aurih inatrumsnb eorrovw► and tander
<br /> flutlNr covemnt and�p►r� u tobw�(aspb�nythh�0 to th�contnry contain�d In th�8�aurRY Instrummt a ttn Nob):
<br /> 1. CONDITIONAL MODIFICATtON AND EXTENSION OF LOAN TERMS
<br /> � At tM matur(t�r drb of th�No»�nd S�curRy In�dument(tAe"Nate MaturUy Oato7� � wiN b�able to�xbnd th�Not�Nt�tutky Cab to
<br /> • �s &eDtRfrIbEP . R 24 (ths'Exbnded Maturity Date") and modihr ths Not�R�M to tM "ModilNd Nots R�ts'detsrmirt�d in
<br /> , � �cqrd�nq wth 8�ation 3 bNo�w M a�th�ca�dkions providad h Sootbn 2 and 8 bebw are m�t(th�'CondRbrui ModYbttlon and Exhn�bn i�
<br /> , ,;,..:.�F�:�,.°` .: Optbn'). It thos�aondktom�rs not met,I un�rat�n0 thst the Note Hoids►b undsr rta obNpatlon to rofharu�tM NoU or to modil�r th�
<br /> NoU,r�t tM Not�Ru� or e�4and ths noU Matunlp Oat�.and that 1 wiU have W►spay tho Note hom my ewn resouraos m Hnd t t�ndK
<br /> wWMp to bnd m�lh�morter to raplly M�Nota
<br /> ;::� ;;;, ;�- Z. CONDITIONR TO OPTION .
<br /> ,��;�.���.����� If 1 wuit to mwrett� th�CondRional ModYbatbn and Extensbn OpUon. eeruh oondkbns must bs m�t te ot th�Not�Mttu►iqr OtU.
<br /> 1��,'^�..;j•,
<br /> '.;.,,,:,.�,,,�i� Thea�aondidone us: (1) 1 must sHA W tM owner and ocaupant M the property subJeot to ths 3ecurity InatrumeM (th� "Propsrty'): (2)1 `"�
<br /> :t ��"" �� must b�cwnnt M my monthy psyrt�+ts and cannot have been mare th�n 30 dyra tats on any ot ths 12 eoheduied monthy ptyrt�enb
<br /> �,�•••� l�r�dkt�N P�bp tha Not�Maturihr Dats:(3)thers�re no tfena.deteots. or encumbru�cas a9ai�st the Propai�r.or otA�ir at�a8 r�aiisr
<br /> `''•' �'i��',"='`" ` tttsat►'iq tilb to tM Prop�Ap(aaP2 Por tloroa md speaW assessments not ye! dua Nd WYabk)uiainp tt[ar the 8acurkr Inatrument was
<br /> ,� tts t
<br /> ,A. %�:k�i.�';4�Y'�"��r. ncprd�d:(4)th�Mod(Red Note R�t�c�nnot bo mora than 6 percentape Pohts above the Nots Rate,tnd(!�t muat m�ke�w�itten rsqueat
<br /> ,w,�<�k.-...:. ::
<br /> �����.y:; �,tr . " to tM Not�Hotdor as provtd�d M 8�otbn 6 bebw.
<br /> `�'L'��:A�a sn. ,., i.i.'" � � �
<br /> � ° ,;.:��..�_.±;,;.� 3. CALCULAYINQ THE MODIFIED NOTE RATE "'�;i
<br /> s�'`S,:>.'.t-:.:°":�•• fi�Modifwd Noi�Rab w1M bs a tboed ats of hterest e4ua1 to the Federal Home Loan Mortp�po Corpontbn'e re9ulred net Ybid tor '•a.�,.
<br /> '� /�y�•-�� •.�?x,�; '
<br /> .. � . . . 3�r fbcW rats mor�s�ubJ�ot to a 80Ny m�ndatory deMrery conxnttment. Plus ane�haM o}on�pe�c�nt(Ob9i)roun0�d to th�neueat
<br /> . .�±�: ,�..�..�.l:..r one.dphth of en�Oorant (Q.126%)(tNs•ModitMd Not�R�ts'). Tho ro4uYed nat yqOd ehall bo the�pptic�ble net yisfd in e!lect on the daU e�..��
<br /> .�t�a•.��:�c:�t+a and tht0 pf d�y that 1 notty th� Nots HoW�r ot my eieatlon to ex�roise the CondRbnti Modfflaatton md Extenaion Optlon. It thb requtred �7
<br /> ,�,.,;:�}',w�� nrt yWtl B not awltebb,the Nots Hotder w91 dKemihs th�ModUbd Note R�te by usinp comptnbM Mtortration.
<br /> � i
<br /> � ���'�''�,;:�;; �'°' 4. CALCUL�TINGi THE NEW PAYMENT AMOUNT
<br /> ` «�;�e� .
<br /> ,� ; �,�:�:,�..,.: P►ovided ths Modlfie�! Note F14te ea catcukted b Seotbn 3 abave 8 eot pr�ter than S percentege pohta nbove the Note R�te and aU
<br /> �•� other aondklons requind in Seatbn E abore ors �NaNed� the Note Ho�de► wAt determhe the amount of the monMy paY�t that wpl bs '�
<br /> •"�'���j•' eutflcqnt to ropny In NN (e)th�unpaid pmalptt,plus(b)scorued but unpatd hteres�piva(o)atl other sums t wip owe under the Note tn0
<br /> , `�''�� SscwKy in�trumeM oe the Nota Maturityy Oats(teaumhp m�r monthy payments then ere curtant,as requk�ed und9r Seotbn 2 above�ov�er Me
<br /> �•rr,;��;p;;c;: nmtininp abnAed term at the ModNled Nots R�te h equal monthy payrt�ents. The resuk of th�cabulaUon wN be the new amount ot my
<br /> „t�'.�`�v�..,� �°. '` prinopai�nd hte�est ptymeM every month untU the NOte b tuly paid.
<br /> y.o-...s .. _ .
<br /> g:t•:.���.-. ' .�
<br /> . . . 6. D(ERCiS1NG TFIE CONDITIONAL MODIFICATION ANO EXTENSlON OPTION
<br /> �� " The Nots Holdw wHt not(ty rta at teast 60 nQisndar days h advanoe ot the Nate Matudty Date and advise me of the pnc�ipal,acciued
<br /> •,..J � •• Out unpaid hteroat, and atl othar suma 1 un e�eated to owe on the Note MaturCy Due. The Note Hotder atso w11i adrise ms thn 1 may
<br /> �� ` ���` •. � ' a�robe th�Coedktontl ModiNcatton and E�densbn Option H the aondlGona h Seation 2 sbove are met. The Note HoWer wiU provide my
<br /> peymmt neoN htorm�tb�,top�Me�vu�h th�nune,tUle and address ot the person npresenNnp the Note Nolder that 1 must aotly h oMe►
<br /> " ' b axxcise ths Cond(Gonal ModiAOatbn tnd Extenabn Optbn. If� meeY the cond�bna of Seotbn 2 abova, t may mawoise the Condkbnal
<br /> ,�:y�;.`�`..� ; . iNodYbatton and Extenaion Optbn by aottyinp the Noto tlotdw no eaAkr than 60 catandar days and no tater tAan 48 cabndar dafrs prbr to
<br /> ths NoU M�tuNqr Oatt. Tre Nots Hoider wpl caicukte the tD�ed ModiHed Note Rate btsed upon the Federnl Home Loan Mortp4pe
<br /> •• � Corpoatbn'e epp9oabte pubNshed roqulred net ytefd h etfeot on the data and time of day notHiaation is reoefi�sd by the Note Hotder and as •
<br /> calcul�ted h Seatbn 3 abone. t wIN then havs 30 aElendar days W proWde the Nae Hotder wRh aceeptabb proof ot my requtred ownerohip.
<br /> -� �� .,, xeupcnoy�nd propaty �ten eaws. Betere the Note Miturky Date the Note Holder wN 8dvbs rtw of tA9 new hterest rate(the ModNied
<br /> -�' � Note Rate),new monNy payment amount and a dats,thi4 and pkae�t whbh 1 muat appeu to slpn any documente requBed to cort�tete
<br /> ��"��''�"•'�� •. ' tl►�nqulrod Note Rate modYballoa and Nots Mawrity Oite extenaion. 1 underotand the Note Hotder wUl ch�rpe me reaeoneble tees and
<br /> �;_.�v;;��_.,�-ay,�;i��,` aosb astoa�ted wkh th� e�re�i ot th�optton.
<br /> ;��Z.�a.Y'��.-w�...{&t��'
<br /> r,��� ��. � ' -� BY 81(iNIN�HELOW,BOf�lOYYER accepta end 8greas t0 the terms and Covenants ccnfahed h this Belioon Fl(der.
<br /> ..��'..._ .._. ti�._. .
<br /> i. � ' �
<br /> _ � , 8orr�K �
<br /> :.: . � . . u en
<br /> ,; rseaq
<br /> .. .
<br /> �, . . . eorro...
<br /> (Seaq
<br /> H
<br /> BOtfOV�f
<br /> . . �:,�t" � 181pn alpinu Onbt
<br /> ' MYLiIbTATE B�LLOON HOEA(MODIFtCAT10N AND E]RENBtON)�np1+Fimlyr�pWAt�Mao UN� IXBTiMlMENT Form 0/00 tt0/W?
<br /> ���i;'` ,=:.1�-. FMS�AUO(oNq MOOIfIED(t)
<br /> 4�'��•>�•�.'w,
<br /> v . , 1 140016 ,
<br /> -'�— ----
<br />
|