83006752 - Laserfiche WebLink

Browse

r 83_006752 (B) Amant of ltJathly Payrrmts ~mmthly pa}'lll!Dt will be in the annmt of u.s. $ 559.82 . The Note !bIder will change my IlI'JIlthly payIIII!IIt as required by Section 4(C) below. on the 6 t h Interest CI:mIse Date and 00 that: day eNery 36th umth theEes.fter. Each of these datesc is c:aIIeCf"'a "l'aynEnt Change Date." TheNOte Holder will also. eIaq;Ja my llI'JIlth1y ~ on any Interest Change Date. if.. Section 5(B) beldw. J:'l!qI1i%es me to !BY the FullltJathlyAmant. (C) C",l,."l"H,., of ~y Pajlll!nt ~ Before each Paynent <hmge Date, the Note Iblder will caku1ate a new llI'JIlth1y pay!lle/ltsuff:lclent to repay the unpaid prla::ipal balance on my lain in full 00 the llBturity date at the Pa.'ylJE!DtRate.in substantially equal payments. The "Payment Rate" is the sun of the Index figures on the five Interest Change Dates preceedi.ng a Payment Olanf!e Date plus the OJrrent Index, divided by the'iiiiiiiiF -11.. plus tiP% percentage po;lnts ( 3.150 %), ranled to the nearest ooe-eighth of ore pen:entage jX) (.l25%). Except the ra)'l181t rate ...ill rot exceed 13. 990!. (D) Effective Date of Payment Olanges Until the next Payment Olange Date, I will l'8y the annmt. of my new nxnthly payment..each 1lDlth begi.m1ng on the first llI'JIlth1y payIIII31t date after the Payment Olaoge Date, or Interest Clmlge. Date if Section 5(B) below requires me to l'8y the Full M:lnthl.y Auwnt. 5. UNPAID PRINCIPAL BALJU~CE (A) Owtges in ~ Unpaid Principal Ba.l.allCe ~ llI'JIlth1y payment could be less than the amt:Ult of the interest portion of the first Full M:lnthl.y!luJxtt I ""'" or less than the int:&eSt fDrtioo of my first full M:mth1y Amant after. an Interest <hmge Date. If so, the Note Iblder will subtract the annmt of my llI'JIlth1y l'8ymentfmD.the amount of interest I CIole and will add the difference to my unpaid principal balance each nmthuntiL the next Interest Olange Date. The Note Iblder will also add interest 011 the amunt of. this differea:e to my oopoid principal balance each lIXXItb. \hill the next Interest Cl1axJae. Date when the Note !blder determ1nes my new interest rate on my then oopoid principal balance, the rate of interest: on the interest added to principal will be the rate det:etmined in Section 2 above. ~ IlI'JIlthly pa}'lll!Dt could be IlDre than the BIDJISlt of the Full ~hly Am::lI.nt. If. so, the Note !blder will subtxact the diffen=e frall the uopaid principal balance of my lCllln each umth until the next Interest <hmge Late as if I had made a pu-tial prepayllll!llt under Sectioo 7 bela.>. (B) I.lmI.t 00 I.kqmd Principal Ba.l.allCe; Required Fulllblthly Amant ~ unpUd principal balance CilII oover exceed a I1Bldm.JIl annnt equal to ore Iuxlred t:Ie'Ity-five pen:ent (125%) of the principal aun.nt I originally borrowed. If my l'8yi.ng the annnt of my llI'JIlth1y l'8yment after any Interest <hmge Late w:JUld cause the unpaid pdncipal balance to exc.eed that llIlIXim..m aD.Ill: at any t:!me, 1 lIIJSt l'8y instead the full Monthly Aanmt as my lIIlOthly payment ~ill the next Payrrmt <hmge Late. 6. NOTICE OF GRANGES The NOte Ilolder w111 IlllIil or deliver to me a notice of any ctm1ges in the full Iblthly Am::lI.nt and my llI'JIlth1y payIII!llt before the effecl:ive date of any chalw!. The rotice will irclu:le infOXllBtion required by law to be giwn me am also the title and telephone rn.ober of a person..m w111 8Il8Iier any question I nsy ra... resanling the mtice.'. B. CHARGES; LIENS Un1fom Covenant 4 of the Security Instnment is ~ to read as follows: 4. Olarges; Liens. ~ shall l'8y all tal!I!s, ?ss'!e-". am other charges, fines 'll1d imp:>sitiCllS attributable to the Property which may attain a priority over this Security Instrument, and leaaelnld payrDl!Dts or grCUld renl:S. if any, in the ormoer provided uaier paragraph 2 hereof or, if rot pald in such lI8mer. by Borr""",r making l'8)'\1lOflt. when due, directly to the payee thereof. Bo~r shall ~tly furnish to Lender all rotices of illlDlXlts due uroer this paragrajil, and in the event Bo~ shall make l'8)'l11i!nt directly, Borrooer shall prc:IIlptly furnish to Um;ler receipts eviderx:i~ such !B}'IlBltS. Borrower shall prauptly discharge any lien .tli.ch has priority over this Security Instrulllent; provided, tffit Bo~r shall rot be required to discharge any such lien so 1008 as llot1:uwer: (a) shall agree in writing to the l'8}'1l1!Dt of the obli.sgltioo secured by such lien in a _r acceptable to Lenier; (b) shall in gco:i faith contest such lien by, or defEnl against enf<XCElllent of such lien in, lesal proceedings .tli.ch in the opinioo of Lerxler operate to prevent the enforcement of tl-e lien or forfeiture of the Property or any part thereof; or (c) shall secure frall the luL:ler of suclI lien an agreEIIl8nt in a fo,," satisfactory to Lender subordinati~ such lien to this Security In&tn.ment. if Lerxler deteoaires that all or any part of the Property is subject to a lien which my attain a lK'ior1 ty 0W!r this Securi ty InstnIlEnt, LenJer shall sen:I llot1:uwer mtice identifying such lien. Bo~r stall satisfy such lien or take CIa! or llDre of tl-e actions set fonh al:ove within ten days of the giv:lng of ootice. C. Nor ICE Unito"" Ct:rJenant 14 of the Security Instrl.l1ult is 8IlI31ded to read as foU""", 14. Notice. Except for any rotlee required uroer applicable 1a.I to be given in another !llII1Iler, (a) any notice to Born:>oer provided for in this Security h'1St:noent shall be given by delivering it or by llIil.il1~ it by first class !III.il 00iresaed to Borrower at the Property MIress or at such other address as Botro.lei. ...y desi.gnate by notice to lender as provided herein, and (b) any notice to Lerxler shall be given by first class oail to Lender's address stated I-erein or to su::h other address as Lender ....y desijp:la.ta by not:1ce to Bol:rOWllOr as provided herein. ~ notice provided for in the Security '4wtnaa:at shall be oo-l to hsve ~ given to Borrower or l.ender when gi\lliln in the _r '-~ted homoh1. D. UNIFORM DEED OF TRUST; GO,~RNrNG LAW; SE,~RABILrTY Unifotlll ~ 1:; of the Security lnstNllent Is <llle'l;\ed to relId as fo~: 1 S. lhifotlll DIIow! of rrwt; Gow!!rr~ Law; """"rabillty. This tom of Security lnstnmmt canbioos <I11i1Xlll O'MlIllInta far Mtiooal \al ...>:1 ~JifOl:1l1 covenants with limited variat.ioos by jurisdIction W \XlI'llIUlute " mitOl1ll ....:urity ill5tt\llil!!l1t c_ri~ r-r property. This Security Inst~1l. shaU