83006739 - Laserfiche WebLink

Browse

r ')~-'- Oll6739 O~ L (B) i\mowt of M:lol:hly Payments ~ lIlOOthl.y payment will be in the 8IIl(Ult of U.S. $ 475.66 . The Note !bIder will change my lJIXlthly pa,menI: as required ~ Section 4(C) be1Oii1 on t:he 6 t h Interest Olange Date and on that day every 36th IlIlIIth thereafter. Each of these dates is canera "Payment Change Date." The Note !lalder will also change my lIlll1thly pa}lllBlt on any Interest Change Da.te if Section 5(B) be1Oii1 r:equires me to pay the full lbnthly Aannt.. (C)Calculatioo of lblthly Payment Omlges Before each Payment Change Da.te, the Note llo1der w:I.1l calculate a new m:cthly payment sufficient to repay t:he unpaid prlreipal balaa:e on my loan in full on the matw::l.t:y date at the Payment Rate in subst.ant:lally equal pa}lllBlts. The '"Payment Rate" is the sun of the Index figures on the five Interest Change Da.tes preceecling a Payment Change Da.te plus the Current Index, divided by t:he Iiiiiiier 6 plus 3.150 . percentage points ( 3.150 %), rounded to the nearest ~ of one percentage point (o.m%). Except the payrrent rate will not exceed 13.990%. (D) Effective Da.te of Payment Olanges lhtil the next Payment 01ange Da.te, I w:I.1l pay the BlOOUI1t of my new monthly payment each month begimiDg on the first ux:nthly pa}lllBlt date after the Payment Change Da.te, or Interest Change Date if Section 5(B) be1Oii1 requires me to pl.y the full fu1t:hly Am::llnt. 5. UNPAID PRINCIPAL BALANCE (A) 0Is0ges in My UopUd Principal Balance My monthly payment could he less tlml t:he 8IlDJllt of the interest portion of the first full Mtnthly AuIlwt 1 owe or less than t:he interest portion of my first full M:mt:hly Am::llnt after an Interest Change Da.t.e. If so, the Note !bIder will subtract the _t of my monthly pa}lllBlt fmn the <IlIlU1t of interest 1 owe and will add the differeoce to my unpaid principal balance each month mill the next Interest 01ange Da.te, The Note !bIder will also add interest 00 the aDIlUO.t of this differeoce to my unpaid principal balance each IIn1th. \hill the next Interest Change Date when the Note !bIder determines my new interest rate on my then mpaid principal balance, the rate of interest on the interest added to principal w:I.1l he the rate det:enn:lned in Section 2 above. My monthly payment could be IIDre tlJm t:he _t of the full ltlnthly Am::llnt. If so, the Note !bIder will subtract the differeoce fmn the unpaid principal balance of my loan each IlIlIIth mill the next Interest Change Date as if I had IlI!Ide a prrtial prepayment IDler Ser.tion 7 below. (B) Limit 00 lilpa1d Principal Balance; Required full fu1t:hly i\mowt My unpaid principal balance can never exceed a DBXinun 8IlDJllt equal to one lu1dred tTieI1ty-fi ve percent (125%) of the principalllllDWl: 1 originally~. If my paying the aODWt of my monthly payment after any Interest Olange !late \oOJld cause the unpaid principal balance to ~~ that DBXinun llIIDWl: at any time, I llIJSt pay instead the full fu1t:hly Anwnt as my ODnthly pa}'lf ,,11: mtil the next Payment Olange Da.te. 6. NOTICE OF CHANGES The Note !bIder will mail or deliver to me a notice of any changes in the full M:mthly Anwnt and my monthly payment before the effective date of any chaIJge. The ootice will include inforuation required by law 1:0 be given me and also the title and te1"!ilooe rnmber of a person.m will answer any <pestioo I !illY have ~ the ootice." B. CHARGES; LIENS Unifotlll O:Neoa1t 4 of the Security Instnment is !IlIIeOOed 1:0 read as follows: 4. Olarp; Liens. Borrower shall pay all taxes, assesSDelltS, and other charges, fines and inqxlsit1cos attributable to the Property ..ntch !illY attain a priority over this Security Inst:runent, and l.easehlld payments or groom rentS, if any, in the manner provided uOOer paragraph 2 hereof or, if I10t paid in su::h mamer, by Borrower maldng payment, when due, directly to the payee thereof. Borrower shall praaptly furnish to I.enler all ootices of aODWts due I.1lXler this paragt'Stil, and in the event Borrower shall IIIllke payment directly, Borrower shall prouptly furnish to I.enler receipts evidetd.ng such paymentS. Borrower shall proaptiy discharge any lien Web has priod.ty 0IIler this Security Instnment; provided, that Borrower shall mt be required to discharge any su::h lien so loog as llarrc:wor: (a) shall agree in writ~ to the payment of the oblig;!>.tioo secured by su::h lien in a _r acceptable to I.enler; (b) shall in good faith caltest su::h lien by, or defexl against ~ of su::h ilea in, legal proceelings Web in the opinion of l.eJxIer operate to prevent too Wort:ellll!llt of t:he lien or forfeiture of the Property or any part thereof; or (c) shall secure fran tre bolder of such ilea an agreBIelt in a tom satisfactory to I.enler subonlinating su::h lien to this Security Instnment. If LeDIer detecIin!s thst all or any part of t:he Property is subject to a lien Web !illY attain a pdotity 0VII!l' thls Security lnstrule:lt, I.enler shall serrl Borrower notice identifying su::h lien. llon:ower shall satisfy su::h lien or take ODe or more of the actions set forth above within ten days of the giving of notice. C. NOTICE Unifotlll Coveoonl: 14 of the Security Ins1::rtm;nt is IlIlll!lJde:I to read as follows: 14. NotU:e. Exl:ept for any notice required Ul1der applicable law to be given in another 1Il!IDller, (a) any notice to Borrower provided for in this Security Instrouent shall be given by delivering it or by ~ it ~ first class ms.i.1 addressed to Borrower at the Property Address or at su::h other address as llon:ower 1DBY .desipte by IlOtice to l.ender as provided herein. and ( b) any notice to lender shall be gl._ by flDt class ms.i.1 to LeDier's addrllss. stated hareinor to su::h other address as Lender IIBY ~ by .1llldI:e to llon:ower as pl'OVided herein. Arrf mtice provided for in the Security InttlD8lt Ilball be '*-d. to hIMa been gi-.-. to Borrower or Lender when gi voen in the IlIImlll' "-iptod hmdn. D. llNllOlUl DiED OF TRUST: OOVEKlIIlIG LAW: SEVERABILITY lb1fo!:a. CowaIat 15 of thB Seo.rlty InstruIIant is l!IIII!Ilded to ~. as foll..-: 15. lb1.fcmt Deed of "l'tIIet; ~.!..w; Severability. nna form of Security Instnment c<Jllhl.nes UIlifom ~ tor ~ \lie and ~orm o:Mln8nC8 with limited variat:toos by juri8d1ctioo to o:mt1tute II wLfutlll 8K1.1dty InstNlllOt COII8rit1g r1!Ill property. 1ltl.s Security Instnment shall