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84000566
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Last modified
11/18/2008 4:02:08 PM
Creation date
11/18/2008 4:00:26 PM
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DEEDS
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84000566
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<br />~~ --f-ao5ss <br />(B) Aaoaot of Marbly Paymmnta <br />My ninthly payment will be is the arrant of U.S. $ 290.41 The Note Holder wi11 ~ <br />my amthly peymt as required by Section 4(C) belw on r t Cheese Date and an that <br />day eYery 36th month thereafter. Ear2c of three dates is ~ "Paymmft Ctaage Date," 'Ilre Note <br />Helder will also ~ my ~hlY Pay~t an amy 7nterrst Citittge Date if Section 5(B) belar-•requir+es <br />me ~ pay the Fial1 mthly Amoaatt. <br />(C) r n.,ns~+••• of Marchly Paymenrc Charges <br />Before each Payment Ctiage Date, the Note Holder will calculate a ner+ monthly payment sufflciert <br />to repay the unpaid principal baLansce on my loan in full m the maturity date at [he Payment Rate to <br />anbatartially equal pagments. the "Payment Rate" is the sum of the Indec figures an the two <br />Interest Charge Dates preoeadi~a~~ (Ctauge Da X)pl~ ~Qata~Idividedt~ tMo;r .r <br />P~t~ p~x)• Except the payrrent rate will tent exceed 13.9407. <br />(D) Effective lh[e of Payment Changes <br />Until the nerc Payment Ctnage Date, I will paq the amoant of mY new monthly paymatt early march <br />begiming as the first monthly payment Bate after the Paym®t Ctan~ Ihte, or Interest Change Date if <br />Section 5(B) below requites me to pay rte Pull Monthly Arrant. <br />5. UNPAID PRINCIPAL BALANCE <br />(A) Changes in My Unpaid Principal Balance <br />MY marbly payment coarid be less than the arrant of the interest portion of the first Full <br />,Ninthly Amaarc I are ar less them the iatetest portion of my first full Moarhly Arrant after a[t <br />Interest Ct~tge Dace. If so, the Note Holder viii subtract the cant of aY ninthly paymarc firm the <br />amoant of interest I ova a~ odll add the difference to my unpaid Principal balacce each march antil <br />the nsrc Interest Charge Date. The Note Holder will also add interest m the amount of this <br />difference to my unpaid prinri.pal balers each march. Until the nenrc Interest Clnenge Date whet the <br />Note Holder determines my new interest rate oa mY then unpaid principal balanne, the rate of interest <br />on the interest added to principal wLll he the rate determined in Section 2 above. <br />My monthly payment could be ores lien the arrant of the Full Marchly Amoant. If so, the Note <br />Holder trill m+a+*~ the difference from the unpaid principal ba]eooe of my loan each mach until the <br />nerc Innereat Chage Date as if I had made a partial prepaymerc. uder Section 7 betty. <br />(B) Lisdt on lhpaid Principal Balance; Required Fall Matthly Arrant <br />My ~ principal belanre can never e:¢,ead a mandm<ot amount equal to one hadred lastly-five <br />petn:mt (125x) of the pritrpal arrant I originally harnnred. If mq paying the amaant of my monrtirly <br />paymarc after any Interest ~ Dace waaild c~mrse the unpaid pritncipal balance to enaeed that <br />maotlmm aaant a[ airy time, I must pay instead the Full Monthly Amoaarc as mq marchly payment until <br />the nr~ct Payment Chage Gate. <br />6. NOTICE OF CHANGES <br />the Note Holder ydll mail or deLtver to me a entice of any ctgtges in the F1r11 Marchly Amatt <br />amd my nmttnly paymint before the effective date of acry clra~. The intros will imlude informtion <br />tegadred by lac to be given me aai also the title acd telephone number of a person who will aom+er <br />any 4~~ Z mY ha`R n6 the entice." <br />B. CHARGES; LZENS <br />D:nifona Covenmrt 4 of the Senrcity Instramant is amended to rend as follows: <br />4. Charges; Liens. Borrower shall pay all ta:as, assea®ents, aid other clat~ea, Firers ant <br />impnsitians attributable to tM Property which may attain a priority over this Secaaity Instnsent, <br />sad Leasehold payse:rs or grasd zsrcs, if any, in the roamer provided tinder paragraph 2 hereof or, <br />if rot paid in such maarer, by Borrower meking paymarc, when due, directly to the payee thereof. <br />Borra+er shall promptly furnish to Lender all entices of amounts due under this paragraph, sad in the <br />avast Borrower shall make payment directly, Borrower atrll p:amptly furnish to Terrier receipts <br />evidencing such pmymmts. Botxasr shall promptly diedstge any lien which has pa~iorlty aver this <br />Searity Instra^ant; provided, that Borra+er shall rot be regadred to discharge a~ such lien so lag <br />as Bar:nyer: (a) shall agree in writing to the pay®t of the obligatiaa aecna'ed by such lien in a <br />maaar acceptable to Lades; (b) stroll in goad faith contest arch lieu by, or defeid against <br />arfatoe.nt of sorb 11® ia, 1e8a1 ~nceedirgp which in the opinion of Lender operate to paevmt the <br />erforosarc of the liar or forfeitnse of tie Property or any part thereof; oc (c) shall seMe from <br />the fielder of scrlr lien an agre®rnt in a form satisfactory to Eerier subordinating such lien to this <br />Seacity Iastra~mnt. <br />If larder detaadtea thtt all or any pert of the Property is subject to a lien which may attain a <br />priority want this Security Instrument, Iennder shall sad Borrower notice identifying such .Liar. <br />Borrower slap satisfy such 1Lan or take ore of mac of the actions set Forth above within ten days <br />of the giving of rotice. <br />C. NOTICE <br />Dnifora Covaraat 14 of the Secarcity Itnatramnt is amended to read as follows: <br />14. Notice. i3acept for any notice required under applicable law to be given in amber roamer, (a) <br />arq notice to Borrower provided for in [iris Senaity Instrraart shall be giver by delivering it or by <br />viiirl~ it by first clans mail addraasad to Borra+er at the Property Address or at such other address <br />mm Hatroiar ~ desi~pte by notice- to Leda' as provided herein, awl (b) wry notice to Laden shall <br />ben.giwa by first class.mat.l to Leoder'a addcaas stated letein or tv such otter addreea as Eerier map <br />damiirl'at b! nrtice; to Botraae; as provided herein. Arty entice provided for in the Seanrity <br />Iaalraamtt r1Mt1l. ba: dared W have been given to Bormisr of Laden when given in the meaer <br />~ . <br />D. UNIFOt#! DEED QF TRUST; GOVERNING LAW; SEYERABZLZTY <br />lirifoaa Crna~neait 35 of rte Seaeity Inrtarneat is aseealad to tend as follows: <br />15; Lkaifoaa Dead of Trvar: Governing Taw; Sevrrsbility. Ibis form of Security Iinetnsent camhiars <br />caaifaaa- cowmeeata for national ass sin tnn•.mciforr. oovasrnta will, limiter variatiana by jurLadiction <br />to coaatltwtm a uni$Yrta smariry isetneYlot severing coal property. 'firs Security TnsCmm~C shall <br />
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