84005062 - Laserfiche WebLink

Browse

r I (8) Additions to My Unpaid Principal: If I choose to pay the Limited Payment, my monthly payment could be less than the amount of the !!!teN'8t po;1:ion of th.. monthly payment that would be sufficient to repay the unpaid principal I owe at. the mont.h1y payment date in full on the maturity date in subst.antially equal payments. If so, each month t.hat the Limited Payment is less t.han the interest portion, the Note Holder will subtract the Limited Payment from the amount of the interest port.ion and will add t.he 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 originally bor- 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 a new 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 current interest rate in substantially equal payments, am Required Full Payment: Beginning with the first monthly payment after the final Rate Change Date. I will pay the Full Payment as my monthly payment. B. WAN CHARGES: C, PRIOR LIENS: It could be that the loan secured by the Security Instrument is subject to a law whieh sets maximum loan charges and that law is interpreted so that the interest or other loan charges collected or to be collected in.COIl' nection with the loan would exceed permitted limits, If this is the case, then: (11 any such loan charge shall be reduced by the amount necessary to reduce the charge to th" permitted limit; and (2) any sums already col.- }~~ ~~ .&:iiTe~-:i which e~c:~~ p!:Jtterl ]j~it~ '!:-'ill ~,,g, "'~f!!~ to B-~~_ L~~ ~-~y ~~ _t--~ make this refund by reducing the principal owed under v h.e h' '€ or by mal<' ~g a direct payment to Borrowl!!'. I f Lender determines that all or an)' part of the sums secured by this Security 'nstrument are subject to a 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 subordinating that lien to this Security Instrunlent. p :- D, TRANSFER OF THE PROPERTY: J> ;;0 lfl -l ;0 ):> o '.... If there is a transfer of the Property as described in the Security Inst.rUment, Lender l1ltIy require (1) 811 in. cresse in the current Note interest rate, or (21 an increase in (or removal of) the limit on the amount of any Olle interest rate change tif there is It limiU, or (3) It change in the Base Index figure. or all of these, liS II condition of the Lender's waiving the option to accelerate provided in the Security Instrument. By signing below, Borrow... acc..pts and agr....s to the ter1~)md covenants contained in this Adjustable Rat'" Hider. ~/ . -. , j. i :te.,.,.,..,..,~..._,._-,.._,---- , Borrower (JJ' '}" /IN(0 / n. Ill, De 'A';'N#hle~~~-----~- , Borrower L .. ','\. ~s:lI 00 m ", ~ :> Ii , .. ~ '" I>> '" ~" ~ ~') 0 0 :in ~ Q 0 n -- ~~ ." " c.: , (J1 ~ C';) Nl'rO ~-,- '-,.' '" (j') , I, ~ ,('1') Z en I,N 0 ADJUSTABl~ RATE LOAN RIDER n'hl.4'1I4