83006423 - Laserfiche WebLink

Browse

I 83-006423 r (B) Aonnt: of MonI:hly Pa}'lllel1ts ~llIOI1thly payment;. will be in tre _to of u.s. $ f,r. (,7 . The Note Holder will change my lIIXlthly ~ as required by 5ect:ion 4(C) belOI on too t, t l. Interest 0mJge Otte and on tmt day every 36th m:lIIth t'-ft:er. Each of these dates is caI:Iei'la '"Payment 01ange IBte." The Note llolder will also cbmge my !lIXItr~y J:BYI81t: on arry Intl!re&t 0mJge IBte if Section 5(B) belOI requ1res me to pay tre Full MonI:hly AID:utt. (C) Cakulatia1 of Mx1th1y Payuett ~ Before each Payuett Qlange IBtI!, tre Note Holder will calcu1Bte a new m:ll1th1y piyment sufficient to repay tre UIJIB.id irlncipal balance on nr} loan in full on tre maturity date at: tre Paymnt Rate in substantially equal J:BYI81ts. The "Paynmt Rate" is tre StIlI of tre Index figures on tre five Interest 0mJge IBtes preceed1ng a Payment 0mJge IBte plus tre Current Index, divided by tre"iiiiiii!r (, pi... 1. 1 SO pen:entage points ( 3. \ 50 %), rounded to tre nearest ~ of ore pen:entage plint (O.lli%). r'xrcrt ~'t--(' r~"1'_:f'nt rote \,..nl mt eXCffC ! 3. ?90;~. (D) Effective IBte of Payment ~ !hdJ. tre next Payment 0laDge IBte, I will 18Y the atOOWt of my new IlIOI1thly payment eac.'l malth ~ on the first llIOI1thly pB}'IIleI1t dace after too Pa}'lllel1t 01ange lhte, or Interest 0mJge IBte if Section 5(B) below requires me to 18Y tre Full Mx1th1y Am:Jmt. 5. UNPAID PRINCIPAL BALANCE (A) Changes in ~ lJnprld Principal Balance ~ lIIXIttlly piyment: could be less than tre 8IIOJnt of tre interest pott1nn of the first Full lbU:hly hDmt I <W! or less than the int:erest: pon:1on of my fitst full MonI:hly Aonnt after an Interest 01ange IBte. If so, the Note Holder will subt.tact tre amomt of my m:nthly jlQ}'IIleI1t ftall tbe aonnt of interest I ewe and will add the dif fereoce to my UIJIB.id prlnclpal balance each IlIOI1th mtil the next Interest 01ange IBte. The Note Holder will also add interest on tre aonnt of this differerx:e to rJ:l!I lJOI:8id principal balance each 1lD1th. !hill tre next Interest Change Date when. the Note Holder determ1nes my new interest rate 00 my then wprld pr1ncipal balance, the rate of interest on the interest added to prjnclpal will 1:e the rate detennined in Section 2 above. ~ !IIJOl:hly p!IJIlIEI1t coold be IIDte than the aonnt of tre Full M:mthl.y Am:xnt:. If so, the Note !blder will subt:t:act tre difference ftall the wpaid principal balance of rJ:l!I loon each malth until tre next: Interest Ol!JO&8 lhte as if I had llIlde a putial. ~ wder Secti.oo 7 beJ.0i0I. (B) Umit on lbpBid Principallla.l.aa:.e; P.equired Fulllbtthly Aonnt: My UEl(l8id pr:lndpal balance can never l!XOled a IlIIXinun aun.nt equal to one tu:ldred twency-fi ve percent (125%) of tre principal aonnt I originally bon:owed. If my 18ying tre ImDOOt of rJ:l!IllIOI1thly 18yment after any Interest Chaoge [late would cause the unpaid principal balance to l!XOled that IlIIXinun :&ult at any time, I !lJJBt 18Y imtead tre Full ~bnthly Am:u1t as rJ:l!I OIlOthly 18yment mill tre rnxt ~ Olange Otte. b. NOTICE OF CHANGES The Note Holder will 1ll8il or deliver to .... a ootice of arry cbInges in tre full MonI:hly Aonnt and my m:ll1th1y 18)'111!Dt 1:efore the effective dace of any cbmge. The oot1ce will itclude infome.t1on required by law to be given me and also the title and tele!h:>oe flUIlber of a person..no wL.' ."'ISWIll' any ~t1on I lIllIY 111.... ~ the ootice." B. CHARGES; LIENS Unifo1lll eo...o...t 4 of the Security !.nstrulIent is aanled to t'ead as fol.loo.&: 4. ~; Li.eo8. ~ shall 18Y all taus, a.9SESSlIl!l'It9, aM other chatges, fires and 11llpOeHi'lflIJ au:ributable to the Property 1o'hich lIllIY at:ta1n a priority over this Security Insl:I'tlDent, and la88eInld 18}W11lts or growd nmts, if ""y, in the llBmer pl'ovided unler pBXBgraph 2 tereof or, if not paid in such lllIll'Iler, by Borrower 1DIlking ~, wt..... due, directly to the pi)lee theJ:eof. Bom:.er shall proJlptly fumish to Uln:ler all ooti.a>s of am:>wts due unler this fEll'agraph, and in the - Bo=-r shall make 18)'l18lt directly, BoITOlollilr shall pmIljltly furnish to lender receipts ar1deIclng such 18)'l18ltS. Borrower shall pl'aIIptly df.scba.t&e art'/ lien Iohl.ch l>1ls priority ~ this Seorll;y Inat:rIms1t; provided, thet Bo~r shall not be required to discharge art'/ such lien so loog as Borrower: (a) shall agree in wrl~ to tOO p8JI!lI!Qt of tre obl.4lat1on lOeCUl'ed by such lien in a ~ acceptalW! to lender; (b) shall in good faith cootest such lien by, or defeni apinst enf_t of such llen in, le&Ill ~ IoIIliclt in the opinion of Lender operate to preyent tIE ~ of the llen or forfeiture of the Property or art'/ part theJ:eof; or (e) shall secure fran tre bolder of such llen lII1 agreemont in a fom satisfactory to Lender sulxlrd1na~ such lien to this Security InstruaIc. tf Lender n"'l'-'_ that; all or art'/ part of the Property is subject to a lien Ioilich IlIBY attain a jXiority CIIII!r this Security Instrollent, lender shall send Borrower ootice identifying such lien. Borrower shall mUsty such lien or take one or more of the actions set forth above within ten days of the giving of notice. C. NOTICE I.tli.fom ~ 14 of tre Security lnst:rwe:it is IIllI!OOed to read as follows: 14. ~lodce. Elo::ept for art'/ oot1ce required unler appllcabl.e law to be given in aootl:er ll8tlller, (a) art'/ ootice to Borrower provided for in this Security Inst:nant shall be giVBl by delivering it or by lIBi1iqj it by finK cl.aas llIlil ~ to lloI:r.-r at tlE Property Add1'ess or at such other address a& ~ lay ~ by not:ice to Lender as. provided herein, and (b) art'/ notice to I.erder shall be &i-by f1Qt c.lMa.llIdl to !.Almer's ~ stated herein or to such other addresa as l..en:ler lllIlY ~ by notke to ~ as provided her:ein. ~,ny notiee provided for in the Security ~ llllaU be ~ to have ~ gl:1/IID to ~ or Lender ""- siVl!ll in the IIlIlmIlr ""'"t~ l1er:e1.a. :no UllUOiUC OIUtll OF nUST; GO~"ElUlIllG LAW; SEVERABILITY ~ ~ is of the Security l:n8t~ is ....me.! to ~ as fou.-: L$. tb1.foa DltoId of '1'I'utt:; ~ ~i SewtrabUity. This form of Security Instnm!nt c'allbim:9 \IiU_~tJI for Mt1oM.l _ and oou-un1f<<lll ~ with lillIited VlU'iattOO8 by jud.lOd1ctioo to aald.tute a ~ .-udty ~ ~ nl&l~. This Security Insttulllmt 8Mll L