84000389 - Laserfiche WebLink

Browse

~~ ~--t~t~0389 (B) Amont of Mthly Paymaits My monthly payment will be in the ama¢tt of U.S. $ ?74.42 The Note Holder will age my mor2hly payment as required by Section 4(C) below on t~7iiterest (fie Date and an trot day every 36th month thereafter. Fach of arse dates is caIle3a `Payment ~ Date." IYie Note Holder will also change my monthly paymaat on arty Interest Change Lhte if section 5(B} below requires. me to pay the Full Monthly Amont. (C) Caicuiatiai of Montitiy Payment Changes Before each Payment Rate, the Note Holder will calculate a new monthly Payment sufficleit ~ ~Y the anPa~ P~~P~ blame on my loan in full on the maturity date at the Paym3tt Rate in substantially equal ~ymsnts. Tice "Paymant Rate" is the sum of the Index. figures on the five Interest Change Dates preccedigg a Payment G1er4ge Lhte plus the Current Index, divided by the ~ plus ~ s percentage Paints ( ?.150 X), rounded to the nearest one-eighth of one le~~ P~X)• rr^xcept tl*e Faymnt rate wi1T mt excecxl 13.990X. (D) Effective I13te of Payment Changes [Tntil the next Payment Change Date, I will pay the amont of my new monthly Payment Bch mmth begiming on the first monthly payment date after the Papm3nt Chsgge Date, or Intermt Chats i~te if Section 5(B) below requires m to pay the Full Monthly Amount. 5. UNPAID PRINCIPAL BALANCE (A} Changes in My L4n~id Principal Balance My monthly payment mold be less than the mount of the interest portion of the first FttLt Monthly Amami I owe or less tt~n the interest portion of my first fu~1 Monthly Am[xnt after an Interest Change 113te. If so, the Note Holder wlll subtract the amount of my monthly payment fmm the amaant of interest I owe and will add the difference to my un}eid Principal balance each month until the next Interest Channge Date. 'R~e Noce Holder will also add interest an the amoint of Chas difference to my unpaid Principal balance each montth. Lkntil the new Interest Qiange Date what the Nate Holder determines my new interest rate on my ttrn unpaid principal balance, the rate of interest on the interest added to principal will be the rate derP.,,,i.,ai in Section 2 above. My monthly paymatt could be ®re than the amcxant of the Full thnnthly Amaurt. If so, the Note Holder will subtract the difference from the unlsid principal balance of my 1~ each month until the next Interest Change Lhte as if I had made a partaal prepayment order Section 7 below. (B) I.imdt on lknpaid Principal Balame; Required Fu11 Malthly Ammnt MY unpaid principal balaznce can never exceed a maximm amount equal to one kindred twaitY-five percent (125Y} of tlr primlpal amimt I originally borrowed. If my paying the a®nant of my monthly payment after any Interest Change bate wnaild cause the unpaid pr7mipal balance to exceed that maximm amount at any time, I must pay isstead the Fui1 Maathly Amount as my monthly paymaat until the next Payment Change Date. 6. NOTICE OF CHANGES the Note Holder wi11 mail or deliver to me a notice of any changes in the Full Monthly Amount a~ my monthly payment before the effective date of airy ~Tge. The entice will include information required by law to be given me and also ttr title and telephone nuaber of a person who will answer airy question I may have regarding the entice... B. CHARGES; LIENS tlnifore Covenant 4 of the security Instrument is ameded to read as fo]_Loas: 4. Ghaz~s; Liens. Borrower shall pay ail taxes, assessments, and other changes, fines and i~:ositiccrs attributable to the Property which may attain a priority over this Security Instrnmant, a~ leasehold payments or ground tents, if any, in the manner provided under paragraph 2 hereof or, if mt paid in such manner, by Borrower making payment, when due, directly to rte payee thereof. Botrocer snail pranptly furnish to L ,river all mtirns of amrnants due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Larder receipts eviderncing such paymenrs. Borrower shalt pracgntly discharge any lien which has priority war this Secn¢ity lnstrtaent; provided, that Borrower shall mt be required to discharge airy such lien so long as Borrower: (a) shall agree in writing to the payment of the obligatima secured by such lien in a manner acceptable to Linder; (b) shall itn good faith curtest such lien by, or defend mist enforcetoent of such lien in, legal proceedings which in the opinion of lender operate to prevent ttt° enfarcemstt of the list or forfeiture of the Property or any part thereof; or (c) shall secure Fran the raider of such lien an agreem:nt in a form satisfactory to tender subordinating such lien to this Seci¢ity Instnmant. If Lender determines chat all or any ixirt of tkr Property is subject to a lien which may attain a priority war this Security Imtrwernt, L..nz~r shall recd Borrower entice identifyigg such lien. Bon^ower shall satisfy such lien or take ore or more of the actions set forth above within tai days of the giving ar notice. e. NDTlcE l5aifonm Cavamat i4 of the Secinity InstmsoHtt fs ameded to read as follows: 14. Notice. E~ept for say entice required under applicable law to lie given in another mannner, (a) any ^atirr to Borrgw+zr provided for in this Serauity Instrument shall be given by delivering it or by miring i[ by first class mil addressed to Borraxr at the Pmperty Address or at such other address as Borrower may designate by notice to radar as provided herein, a~ (b) any notice to I~der shall be given by first class mail to Tender"s address stated herein ar to such other address as Laden my designate by ratite [o Borrower as provided herein. Any notice provided for in the Seasity Instzvosnt shall be deemed to have bean gives to Borrower or Tender when gi.ecn in the manner ~ herein. D. UNIFORM D$ED OF TRUST; G~vERNING i.AW; sEVERABILITX Uniform Cent 15 of the sacnuity Instrument is amended to read as follows: 15. Lhifonn Deed of Trust; GoGernirg Taw; Seeerability. 'Shia foram of Security Instrwent ceanbl.nea uniform eta Ear nstiansl ;x~ and cocas-sniEotm covenernts with limicad variations by jurisdiction to cxxmtitute a uniform senxuity fiBtruaecst caverirgs real property. Penis Sn~cln-ity uustruuent shell