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84003396
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Last modified
11/20/2008 5:27:03 PM
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11/20/2008 5:27:02 PM
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DEEDS
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84003396
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<br />r <br /> <br />84 - 003396 <br /> <br />and will add the difference to my unpaid principal. The NOle Holder will also add interesl on Ihe amoum of this <br />difference to my unpaid principal each month, The inlerest rate on the interest added to principal will be Ihe rate <br />required by Section 4( C) above, <br /> <br />(H) Until on My Unpaid I'rlnc lpa I: lner"a"'" Monthly Pa)'lMtlt <br /> <br />My unpaid prillcipal can never exeeed a maximum amount equal to one hundred lWe1Itycfivepel'certt( 125%) <br />of the principal amount I originally borrowed, My unpaid principal could exceed that maxiinurilamountifl pay a <br />Limited -Payment. If &0. on the date' that my payingomy -Limited Payment would cau..~ mt' to-e~ceed that.limh;J wtU <br />instead begin paying a new monthly payment untillhe next Change Date, The new monthlypaym~ilrwill be'inan <br />amount which would be sufficient to repay my then unpaid principal in full on the maturity date at mycurrentinteresl <br />rate in sulmanrially equal paymenls. <br /> <br />(I) Required Full Pay_nt <br /> <br />Beginning wilh lbe first monlhly payment after Ihe final Change Dale. I will pay tbe Full Payment as my <br />monlhly payment <br /> <br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER <br /> <br />Uniform Covenanl 17 of the Security Inmumenl is amended 10 read as follows: <br /> <br />T...nsf"r of the Property or . Benefielallnterest in Borro......, If all or any part of the Property or anyinlere," <br />'" It IS sold or transferred (or if a beneficial interesl in Borrower is sold or Iransferred and Borrower is not a nalUral <br />person) withoul L..:nder'. prior wrinen consenl, L..:nder may, al ilS option, require immediate payment in fuUof all <br />sums secured by ,his Security Instrument, However, this option .hall not be exercised by Lender if exercise is <br />prohibited by federal law as of the date of this Security Instrumenl, Lender also shall not exercise this option if: (a) <br />Borrower causes to be submilled to L..:nder informalion "'luired by L..:nder 10 evaluale the intended transferee as if a <br />fieW loan were being made 10 the..trans(en:e; and (b j L- r reasonably dete.rmines that Lender's security-wHl-not-be <br />Impalted by ,he loan assumption and that ,he nsk of a breach of any covenant or agreement in Ihi. Security <br />Instrument is acceptable '0 L..:nder, <br /> <br />To the extent permitted by applicable law, L..:nder may charge a reasonable f"" as a condition 10Lender's <br />consent to the loan assumption. Lender may also require the transferee to sign an assumption agJ:'eCment- that is <br />acceptable to L..:nder and thaI obligates Ihe transferee 10 keep all.he promises and .lteCmenlS made itt the Note and <br />In Ihis Security Inslrument, Borrower will conlinue to be obliga.ed under .he NOle .ndthis Security Instrument unless <br />Lender TC'l-eases Borrower in writing. <br /> <br />If L..:nder exetelses .he option 10 requite Immediate payment JD full, L..:nder shall giye Borrower nOlice of <br />acceleration. The notice shall prOVide a penod of nOlle.. ,han 30 days from the date lhe nolice is delivered or mailed <br />","hln which Borrower musl pay all sums secured hy ,his Securi.y Inslrument. If Borrower fails 10 pay these sums <br />pnN to ,he expira,ion of ,hIS period, Lender may Invoke any remedies permiued by .hi. Securily Instrumen. ""hou' <br />further nOlice or demand on Borro.....C'r. <br /> <br />BY SIGNING BELOW. Borrower accepts and agrees 10 the terms and covenants contained '0 Ihis Adjustable <br />Rate RIder <br /> <br />-.'<.,.., ~~.;<r;(-:~~~~~+"~"v,.<;;'/~~~,,i:~~~~::~,"H ......( Seal) <br />Hoor~ Elf.2W.de /" r " . Boro_, <br />i-! 1/ > /il/!i'/};; .' /J S-{ J ~lf/ I L..-. <br />"'H,ql.jL!A.~ ,I..u:I..!...,I..(.....c,v.Lt~f,..:a~ASeal) <br />r:eJxiI:ah A. b'woldt ' .Bor""'.r <br /> <br />
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