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200604022
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Last modified
5/5/2006 4:28:21 PM
Creation date
5/5/2006 4:20:47 PM
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DEEDS
Inst Number
200604022
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<br />200604022 <br /> <br />PREPAYMENT RIDER <br /> <br />0151396827 <br /> <br />THIS PREPAYMENT RIDER is made this ...1.~~......... day of ...MAY............... ...?9.9.9...... , and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or <br />Security Deed (the "Security Instrument") of the same date given by the undersigned (the <br />"Borrower") to secure Borrower's Note to ................................................ <br />.... .W.~.~.~.$.. F.A.R.<?Q. .~.~NK,. N A.............. ............ .... ................................ ................................ of the same <br />date and covering the Property described in the Security Instrument and located at: <br />. J.?J .9. .~.A.$.T..?Jt-!. .~rB.~~r ,..C?f3.AN.P.. .1.$ ~ANP.,.. N.~...~.~.~.9.1.................... ................ <br />(Property Address) <br /> <br />PREPAYMENT COVENANTS. In addition to the covenants and agreements <br />made in the Security Instrument, Borrower and lender further covenant and agree as follows: <br /> <br />I have the right to make payments of principal at any time before they are due. <br />A prepayment of all of the unpaid principal is known as a "full prepayment." A prepayment of <br />only part of the unpaid principal is known as a "partial prepayment." <br /> <br />Except as provided below, I may make a full prepayment or a partial <br />prepayment at any time without paying any penalty. However, if within the first .t)ll(Q...... (..~..) <br />year{s) after the execution of the Security Instrument I make full prepayment, I will pay a <br />prepayment charge as follows: <br /> <br />If within the first year after the execution of the Security Instrument I make full prepayment, I <br />will pay a prepayment charge in an amount equal to three percent (3%) of the original <br />principal amount. If within the second year after the execution of the Security Instrument I <br />make full prepayment, I will pay a prepayment charge in an amount equal to two percent (2%) <br />of the original principal amount. If within the third year after the execution of the Security <br />Instrument I make full prepayment, I will pay a prepayment charge in an amount equal to one <br />percent (1 %) of the original principal amount. <br /> <br />~.(t\.o.. <br />~.~-.J? <br />~L <br /> <br />(Page 1 of 2) <br />PP010A Rev. 09/13/05 <br /> <br />Prepayment Rider <br />
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