84003709 - Laserfiche WebLink

Browse

84 - 003709 I and ..ill add the difference to my unpaid principal. The N ole Holder ..ill also add interest on the amount of t"is difference to my unpaid principal each month. The interest rate on the interest added to principal ..ill be the rate ,equired by Section 4( C) above. (H) Umlt on My Unpaid Principal; Inereased Monthly Payment My unpaid principal can never exceed a maximum amount equal to one hundred twenty-five percent (125%) of the principal amount I originally h'Jrrowed, My unpaid principal could exceed that maximum amolint if I pay a Limited Payment. If so, on the dale that my paying my Limited Payment would cause me to exceed that limit. Iwi!! insteau o6'gin paying Ii nc," monthly p3ymem until the :1e~! Ch2nge Date. The new rru):';t:hly paym~nt will' be. in-:_an amount which would be sufficient to repay my then unpaid principal in full on the maturity date at my current interest rOle in SUbstantially equal payment'. (11 Required FilII Payment Beginning with the first monthly paymem after the final Change Date, 1 will pay the Full Payment as my, monthly payment. B. TRANSFER OF' THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 0C the Security Instrument ~s amended to read as follows: Transfer of the Property or a Beneficial lrolerest in Borrower, If all or any part oflhe in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and DOt- a p.rson) without Lender's prior wrillen consent, lender may, at its option, require immediate paymendn '\lms secured by this Security Instrument, However, this option shall not be exercised by Lender if prohibited by federal law as of the date of this Security Instrument. lender also shall not exercise Borrower causes to be submitted to lender information required by lender to evaluate .the new loan were being made to the, .transfeiee; and (b) Lender reasonabl:, termines that Lender's security lmpaired by the loan assumption and 'l".:H the risk c~ breach of any covenant or agreem:ent in- this' Security Instrument lS acceptable [0 Lender. To the extent permitted by app/icabie law, lender may charge a reasonable fee as a condition to Lender's consent 10 the loan assumption. Lender may also require the transferee to sign an assumption agreement that- is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note'and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Len.der releases Borrower in writing. If Lender exercises the option 10 require immedIate payment in full. Lender shaU- give Borrower notice -of -<lc:;eleration. The nocict: shaH provide a period of not iess than 30 days from the date the notice is delivered or mailed 'w.ilhin which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to. pay- these sums prior to the expiration of this period. LeIder may invot;e any remedies permitted by this Security Instrument without further noti~ or demand on Borro\V,~:-. BY (.~fGNING BELO\V. Borrower accepts and ~igrees. ,0 [he rerms and covena.nts contained in this Adjustable Rate Rider. ,.... /- " -~:;J~",,"A..>-"-'~. ,C-<<J.,~:t.Jl,L.:Y,.._.........( Seal) &."'win C. Sit;tlerC. . .Borrowe' '<L':i1.\IX'0.;h.~K,,;..:?'.(J~Ji1v~"!'... ....,{ Seal) -Janice K. Sittler -Borrow", j L