84003912 - Laserfiche WebLink

Browse

, r L I (81 Additions to My Unpaid Principal: If I choose to pay the Limited Payment, my monthly payment could be lells than the amount of the interest portion of tbe 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 IJmited Payment is less than the interest 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. Thl' Note Holder will also add interest on the amount of this difference to my unpaid principal each month. The intR"",st rat.e on the interest added to principal wi!! be the rate required by Section A(31 above, (9) Limit on My Unpaid Principal; Incre..sed Monthly Payments: My unpaid principal can never exceed a maximum amount equal to one hundred twenty-five p<!rcent HZ5%\ of t.he principal amount I originally bor- rowed, My unpaid principal could ,,,,,,eed that maximum amount if I pay a Limited Payment., If so, on the date that my paying my IJmiUJd Payment would cause roe to exceed that limit, I will instp~d begin paying a new monthly pa)'m""t 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 dale at my current. interest rate in subst:antiaiIy equal payments, tlOI Requind Full Payment: Begmning wi,h the first monthly payment after the final fulte Change Date, I will pay the Full Payment a~ mv monthly payment. B, LOAN CHARGES: It could be that the loan secured hv the 8ecurity i n.trurnent is subj,,,,t to a law which sets maximum loan charges and that law is intt~rpret.{,od so that t.he Interest or (Jtht~ loan cf,....arges coUected or to he collected in con- nection with the loon would e-'l:c-eed permitted Hmitsc I f this i~ tl,. ease. then: (1) any such loan charge shall be reduced: by the amuunt neces...~TY tu r/ro-duel? th:" dU.l.rg"(~ to the ~;e:l-'mltted limit: a.nd (2) any sums already col- lected from Borrower whkh f~.-:Ceeded permitU~u ~imit5 wlH be refunded to Borrower. L.ender may choose t,o make- this refund hy rOOUt-ln~ the pnnclpal CfWro undt.~t' the Nou~ or bv lnakin~ a difl'lCt payment to Borrower. C. PRiOR L.IENS: if L.{~nde-r ri{.t~rm.ines. ~hat !!U tlf ;tnv p~lft of t tu" ~um5 st~urt<(i hy dus :-4ecurity Int:lt.f"Jnl~ut tire subJ(x~t to fi litm which y..~.s pnont y n"\."f;!1" thiS ~Urlty f n~U'umcnt. Lender may ~tmd Borrow{~r a not.Jcc identifyill~ t.hat .Hen. Burntwet' ~h.aU pr-onlptlv ~un' an aJ.Cr~~m-ent m a form ~al1sillctorv to Lender ~ubordinating that lit:~n t.o this Security i ns-truuwnt. O. TRANSFER (W THE PROPt:RTY. If tbere Ui It tr-ftnst~r t~l thr Pruf~-rty tt~ d~'~~!'lt.~ In tht:-~ ;-i.t!(:unly Imnruf'nent., !~'endet" may rei:4ULrt.il, an in. c,reas.e in ~ -current No{.e int~-f~~t tau:, '.rf l:':! nn m.tt't:'--ti~V in tur n~mu\i'iil of) the .limit on the iunount of anyone hltt!cest .t:;U.~ chttngtHit tfNf.re is a Hn'tit;, or \:h.lt t'hang.~ HI the Ba~t! index fiKUTe. or aU of the~. as fi condition of the Lender's wan__ing: the option to d~~('t'ie:rnu~ p!'"OVjd{~l H1 the StocunLy fnstrtunent. By f!~in.K h~.low, Bor-ro\A't.~r d-(.Tt'!ll-~ dnrl dg:n-'t.~N- tv {hI:'! tt--rms and n}vcnauls cOfluuncd in thi~ Adjustable fulte Rider_ Douglas Hi: Cline Borrower .:,.l:. .;" }.l,.'r,;J':? w.ma::1 'C:.. c)-rne i.-?-:~:. Borrower fa C(t "' ,.l::> " co <'> (,J> ~ ,~ .-:: 0 -l \ ,t }>- r' c... 2 -i w~: _.~ "'\ ~ '<'l ~: ..- -, <.:) -::':t " "" ., "<) .. . F ..... tl <J1 -.. X ~h\~ -" '" .. _;;J .~ ""0 "" (;r) 1\'0 L ::0 ~i w " ::--.: >- en t (i' 'W "" ..... x (.I> ::> l-' ; n = -" --- """ tf> N (f) :- )0 W ~ )0 (") ... ADJUS'f Aa1.ERA TE LOAN RlOE.R 1. 8-ttL4.&f!