Laserfiche WebLink
200205269 <br />If this required net yield is not available, the Note Holder will determine the New Loan Rate by using <br />comparable information. <br />4. CALCULATING THE NEW PAYMENT AMOUNT <br />Provided the New Loan Rate as calculated in Section 3 above is not greater than 5 percentage points <br />above the Note Rate and all other conditions required in Section 2 above are satisfied, the Note Holder will <br />determine the amount of the monthly payment that will be sufficient to repay in full (a) the unpaid principal, <br />plus (b) accrued but unpaid interest, plus (c) all other sums I will owe under the Note and Security <br />Instrument on the Note Maturity Date (assuming my monthly payments then are current, as required under <br />Section 2 above), over the term of the New Loan at the New Loan Rate in equal monthly payments. The <br />result of this calculation will be the new amount of my principal and interest payment every month until the <br />New Loan is fully paid. <br />Gib 014I4 ti"11 12JII_IMKORMI[IIIII&AIli]Dill1 F Q091DII]11!Colo <br />The Note Holder will notify me at least 60 calendar days in advance of the Note Maturity Date and <br />advise me of the principal, accrued but unpaid interest, and all other sums I am expected to owe on the Note <br />Maturity Date. The Note Holder also will advise me that I may exercise the Conditional Refinance Option <br />if the conditions in Section 2 above are met. The Note Holder will provide my payment record information, <br />together with the name, title and address of the person representing the Note Holder that I must notify in <br />order to exercise the Conditional Refinance Option. If I meet the conditions of Section 2 above, I may <br />exercise the Conditional Refinance Option by notifying the Note Holder no earlier than 60 calendar days and <br />no later than 45 calendar days prior to the Note Maturity Date. The Note Holder will calculate the fixed <br />New Loan Rate based upon the Federal Home Loan Mortgage Corporation's applicable published required <br />net yield in effect on the date and time of day notification is received by the Note Holder and as calculated <br />in Section 3 above. I will then have 30 calendar days to provide the Note Holder with acceptable proof of <br />my required ownership, occupancy and property lien status. Before the Note Maturity Date the Note Holder <br />will advise me of the new interest rate (the New Loan Rate), new monthly payment amount and a date, time <br />and place at which I must appear to sign any documents required to complete the required refinancing. I <br />understand the Note Holder will charge me a $250 processing fee and the costs associated with the exercise <br />of the Conditional Refinance Option, including but not limited to the cost of updating the title insurance <br />policy. <br />BY SIGNING BELOW, BORROWER accepts and agrees to the terms and covenants contained in this <br />Balloon Rider. <br />6k;fS,l fZl!/ Z_ (Seal) <br />ESUS RAUL RUIZ - Borrower <br />MULTISTATE BALLOON RIDER (Refinance) <br />Freddie Mac UNIFORM INSTRUMENT <br />Form 3191 1/01 <br />US31912 RID <br />— (Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />ngle Family <br />Page 2 of 2 <br />(Seal) <br />Borrower <br />— (Sea) <br />- Borrower <br />(Seal) <br />- Borrower <br />LSign Original Only] <br />Docilragic� tawb hl;,. 806649 -1362 <br />www.dacmagic.com <br />