84000195 - Laserfiche WebLink

Browse

84 -~-- r.-o Q 1 s~s - . (B) Amamtt of Monthly Payments MY ~~Y payment will be in the amount of U.S. $ 397.44 The Note Holder will ~ my motrthlq payment as required by Section 4(C) below on serest Change i7ate and on thaC day every 3bth month ther~fter. Each of these dates is ~ "Paymast Change Date." The-Note Helder will also ct>arge my monthly Payment on:aerY Inretest Change Date if Sectirn 5(B) lielaa-requites me to pay the Full Mthly Amount. (C) Calculation of Monthly Payment Changes Before each Payment (Yisnge Date, the Note Holder will calculate-anew monthly paymait sufficient to rerxiy the rmpaid pritr3pal balance on my loan iar full oo the maturtty date at the. Payment Rate in substantially ~l PaY~ts• The "Payment Rate" is the sun of the Index figures on the--..five Interest Rtes preceediz~g a Payment Change Date plus the Current Irtd~c; divided' by the mm~er 6 plus 3.150 percxntage points ( 3.150 %), rounded. to the rearest air-dghth of oi~e petrettage ~ZZ5%). Except the payment rate will not exceed 13.990J. (D) Effective Date of Payment Changes Until ttre mat Payment Change Date, I will pay the amamt of my new monthly payment each month begin^~ on the first monthly papmeu date after the Payment Change-Date, or Interest Change'-hate if Section 5(B) below requires aaae to pay the Rill Afonthly Amxmt. 5. UNPAID PRINCIPAL BALANCE (A) Changes in ELY Unpaid Principal Balanc-a My monthly payment could be less than the amount of the interest portion of. the- first- Foil Monthly Amount I owe or less than the interest portion of mY first full Monthly Amormtt after an Interest Charge Lhre. Lf so, the Note Holder will subtract the amamtt of my monthly Payment from-the. amount of interest I ace and will add the difference to my inlaid prim3pal balarre each month until.. the next Interest Change Date. The Note Holder will also add interest on the. amamtt .of -this diffea-erne to my unpaid principal balam:~ ;ach month. Until the neaR Interest Change bate what the. Nate Eblder dere*r+~+~ my new interest rate on »ry then tatpaid principal baLarse, the rate of ;*+r~Rt on the interest added to p*;n~ra7 will be the rate dera,,,,;,,~a in Section 2 abore. MY ~hlY Payment caild be arore than the amount of the Frill. Monthly Amoant. If so, the Note Hader wLll subtract the diffP~a fry the principal balance of my loan each month until the mxt Interest Change Date as if I had made a ;at Prepayment under Sectim 7 belw. (B} Limit on Unpaid Primipal Balance; Reorrired Full Monthly Amount My repaid principal balance can never exceed a maximm amotmtt equal to am hundred tcapnty°five percent (125%) of the principal amont I originally borttxaed. If my paying the amotnt of m9 monthly Paymiart after any Interest Cheops Date evuid cause the unpaid principal balance to exceed that maximm amant at any time, I mast pay instead the Full Monthly AmanC as my monthly Payment tntil the next Payment Change Date. 6. NOTICE OF GRANGES The Note Holder viii mail or deliver to me a mtrce of any changes in the Full Monthly Amc,nt and my menthly payment before the effective date of acry change. The rotice will itrlude inforcetinn regtdred by law to be given me and also the trtle and telephone number of a parent Biro will answer any question I may have regarditg the entice... B. CHARGES; LIENS Uniform Covenant 4 of the Secasity Instrument is amaded to rnad as follows: 4. Charges; Liens. Borrower shall pay all tars, assessments, and other charges, fines and impositrons attributable to the Property which may attain a priority over this Security Instrt~att, and toamhnirl payments of grand rents, if arty, in the ~+~* provided under paragraph 2 hereof or, if arot paid in such ~~r, by Borrower makitg Payment, wdaat due, directly to the payee thereof. Bortocer shall promptly furnish to lender all entices of aamrnts due under this paragraph, and in the event Borrower shall make payment dizectry, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall pr®ptly discharge auy lien which has priority over this Security Instrument; provided, that Borrower shall rot be required to discharge airy such lien so lag as Botraer: (a) shall agree in writing to the layman of the obligatton secured by such lien in a ^~~r acoeptahle to larder; (b) shall in good faith contest such list by, or defend against arforc®ent of such lien ia, legal proceedings which in the opdnion of Lender operate to prevent the enforcement of the li® or forfeiture of the Property or any part thereof; or (c) shall sectffe from the hot,a<.r of such lien an a~r®ent in a fozm satisfactory to Lerxler subordinating such lien to this Secasity Instnamett. If Leader determines that all or arty part of the Property is subject ro a lien which may attain a priority aer this Secuuity Instta>ment, Lender shall. send Bortaer entice identifying such 1ten. Borrorer shell satisfy such lien or take one or more of the actions set forth above within ten days of the giving of entice. C. NOTICE Uniform Covenant 14 of tke Sectsity Instrument is am®ded to read as follows: 14. Notice. Erocept for eery notice required under applicable law to be given in another manmr, (a) any entice to Borra.aer provided for in this Security Irastxnment shall 6e given by delivering it or by nailing it by first class anvil addressed to Borrower at the Property Addrena or at such other addrncs as Borraer may desigiaate by notice to Larder as provided herein, and (b) any notice to Leander shall be given by first class mail to irenader's addt~s stated herein or to such other address as Lender may designate by orrice to Batraer as provided herein. Any notice provided for in the Security Trattnmmt ettall be demand to have been giver to Botxorer or I.erder when giver Sn the manner designated harslet. p. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY Ilnifotm Cova3oant. 15 of the Security Instrzmatt is amaded to read as .follows: 15. Uniform Diced of Twat; Gaveming taw; Severahility. This form of Seaarity Instrument ccmbfres unifrnm oovenanGa far national rase aaY1 nar~criform covenants with limited variations by jurisdiction ttr oorrstiture a usri.futm secerity Irmtttmsnt coverYrg real. property. this Security Irnstrnment shaL2