84003565 - Laserfiche WebLink

Browse

r (81 Additions to My Unpaid Principal: If I choose to pay the Limited Payment, my monthly payment could be less than the amount of the interest portion of the monthly payment that would be sufficient to repay the unpaid principal I owe at the monthly payment date in full on the maturity date in substantially equal payments, If so, each month that the Limited Payment is less than the inte,est portion, the Note Holder will subtract the Limited Payment from the amount of the interest portion and will add the difference to my un- paid principal. The Note Holder will also add interest on the amount of this difference to my unpaid principal each month, The interest rate on the interest added to principal will be the rate required by Section A(3) above, (91 Limit on My Unpaid Principal; Increased Monthly Payments: My unpaid principal can never exceed a maximum amount equal to one hundred twenty-five percent (125%) of the principal amount I original1ybor- rowed, My unpaid principal could exceed that maximum amount if I pay a Limited Payment, If so,:on the date that my paying my Limited Payment would cause me to exceed that limit, I will instead begin paying anew monthly payment until the next rate change date, The new monthly payment will be In an amount which would be sufficient to repay my then unpaid principal in full on the maturity date at my turrentinterestrate in substantially equal payments. By signing below, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rate Rider, ~" ~' ! , P' - . " "-s~1r;"i4i: '. /?'~-; (101 Required Full Payment: Beginning with the first monthly payment after the final Rate Change Dllte, L will pay the Full Payment as my monthly payment, B. LOAN CHARGES: It could be that the loan secured by the Security Instrument is subject to a law which sets maximum:loan charges and that law is interpreted so that the interest or otl-r- loan charges collectedorto be collectedin;con,: nection with the loan would exceed permitted limits, ff t,his 1L che case, then: (11 any such:loancbargeshalLpEl' reduced by the amount necessary to reduce the char!5~ ta the permitted limit; and (2) any sumsalreadYcol~ lected from Borrower which exceeded permitted limits will be refunded to Borrower: Lendermaych60Se't.o make this refund by reducing the r>rincipal owed under the Note or by making a direct paym"nttoBorrow~r; C, PRIOR LIENS: If Lender determines that all or any part of the sums secured by this Security Instrument aresubject.toa lien which has priority over this Security Instrument, Lender may send Borrower a notice identifying that lien, Borrower shall promptly secure an agreement in a form satisfactory to Lender subordinatingthat.lien.to this Security Instrument. D. TRANSFER OF THE PROPERTY: If there is a transfer of the Property as described in the Security Instrument, Lender may require (lIanln: crease in the current Note interest rate, or (2) an increase in (or removal of) the limit on the amount of any one " interest rate change (if there is a limit), or (3) a change in the Base Index figure, or all ofthese; asa conditiolJ.of the Lender's waiving the option to accelerate provided in the Security Instrument, Borrower ./1 {j d .. '1 ~ JJ1f~ / !/z1).4?UJ ancy t . Grams Borrower . (") U> 00 a ~t ~ c> -I -l> c:> CD c- :z-l \ i <= -{fTl Tn ....... -<0 Q 0"'" QI P '" ; f <.rl ""'z 0 :em 0 0 :- J>o:;J 0 ;po ,- :>> W P )> :::t: r- )>0 3 m en U1 0 7'< ell VI (Il )>0 en ? -l = .......... z L ;0 <= ~~_.;z. ~~1 U1 )> 9 (1 l ~ ~ ... -l .~ \ ~ "'f J-; \ "'"='- ,~,\ ;-~ \\,., " " 1 " ADJUSTABLE RATE LOAN RIDER ~a.&:.1M