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200703878
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200703878
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Last modified
5/14/2007 3:37:13 PM
Creation date
5/14/2007 3:37:11 PM
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DEEDS
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200703878
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<br />., <br /> <br />200703878 <br /> <br />No Prepayment period penalty will be assessed for any Prepayment made after the <br />Penalty Period. Lender will waive the Prepayment penalty if the Prepayment is concurrent <br />with the sale of the Property and Borrower provides evidence satisfactory to Lender of <br />such Sale. <br /> <br />The Lender will use my Prepayments to reduce the amount of the Principal that I <br />owe under the Note. However. the Note Holder may apply my Prepayment to the accrued <br />and unpaid interest on the Prepayment amount, before applying my Prepayment to reduce <br />the Principal amount of the Note. If Borrower makes a partial Prepayment. there will be <br />no changes in the due date or in the amount of Borrower's monthly payment unless the <br />Lender agrees in writing to those changes. <br /> <br />The Lender's failure to collect a Prepayment penalty at the time a Prepayment is <br />received shall not be deemed a waiver of such penalty and any such penalty shall be <br />payable on demand. <br /> <br />BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this <br />Prepayment Rider. <br /> <br />MARK A. FLETCHER <br /> <br />(Seal) <br />- Borrower <br /> <br /> <br />(Seal) <br />- Borrower <br /> <br /> <br />_ n____ _________________ (Seal) <br />- Borrower <br /> <br />_n_______ __on (Seal) <br />- Borrower <br /> <br />________________________ (Seal) <br />-Borrower <br /> <br />______________________________________ (Seal) <br />- Borrower <br /> <br />PREPAYMENT RIDER (SECURITY INSTRUMENT) <br />FIXED RATE NOTE - THREE YEAR PENALTY PERIOD <br />M84625 04/01/06 Page 2 of 2 <br /> <br />DocMagicerr't~ 800-649-1362 <br />www.docmagic.com <br />
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