|
<br />r
<br />
<br />(81 Additions to My Unpaid Principal: If I choose to pay the Limited Payment, my monthly payment could
<br />be less than the amount of the interest portion of the monthly payment that would be sufficient to repay the
<br />unpaid principal I owe at the monthly payment date in full on the maturity date in substantially equal
<br />payments, If so, elIch month that the Limited Payment is less than the interest portion, the Note Holder will
<br />subtract the Limited PaYll'.ent from the amount of the interest portion and will add the difference to my un-
<br />piiid pDIldpa1. ThE Nvt€ Ho!dcr ~'iH i1bc add interest nn the am~unt of this (liff~'H~P. to my unpaid princi!l8l
<br />(>.ach month, The interest rate on the interest added to principal will be the rate required by Section A(3) above.
<br />
<br />{91 Limit on My Unpaid Principal; Increased Monthly Payments: My unpaid principal can never exceed a
<br />maximum amount equal to one hundred twenty-five percent tl25%1 of the principal amount I originally b0r-
<br />rowed, My unpaid principal could exceed that maximum amount if I pay a Limited Payment, If so, on the date
<br />that my paying my Limited Payment would cause me to exceed that limit, I will instead begin paying a l"itlW
<br />monthly payment until the next rate change date, The new monthly payment will be in an amount which
<br />would be sufficient to repay my then unpaid principal in full on the mgturit:l date at my current Ll1t-arest rat.e
<br />in substantially equal payments.
<br />
<br />(10, Required Full Payment: Beginni.l1g with the first monthly payment after the final Rate Change Date. I
<br />will pay the Full Payment as m~' monthly payment,
<br />
<br />8, LOAN CHARGES:
<br />
<br />It could be that the loan secured by the ~<<urity Inser, "", is subject to a iaw which sets maximum loan
<br />charges and that ia..- is interpreted s<> that t2 ",""rm,l Oi ",,;er loan charges collected or to becol1ectedinCOll"
<br />nection with the loan would exceed p"nrJtted limits, I I thIS is the case. than: ii j any such loan charge OOallbe
<br />reduced b)' the amount necessary to reduce the charge to the permitted limit; and (21 any SUI1lll already col-
<br />lected Irom Borrower which exceeded permitted limits will bt refunded to Borrower, Lender may ch<<-to
<br />ml>.ke this refund by reducing the principal oWt'd under the Note or by making a direct payment to Btln"OWer,
<br />
<br />C, PRIOR UENS:
<br />
<br />If l.t'nder determine. that all or an\' part of Oll' sums gecun'<i b)' this Security I nstrument are subject to a
<br />lien which has priorttv owr this St>eurity Instrument, Lender may send Borrowl'.r a notice identifyingtbat
<br />lien, Borrower ~hall promptl,' "'C'Jrt' an agreement in a form satisfactory to Lender subordinating that lien to
<br />this Securit~' InstrumenL
<br />
<br />n. TRANSFER (W TilE PROPERTY:
<br />
<br />If there is a transfer of the Property as described in the Security Instrument, Lender may requireUI anm.
<br />~rease in th.. current ,",ote inteN.'St rat.., or t:ll an increase in tor I'1"lnOval of! the limit on the amount of any one
<br />iu~~ iCiU= d"'wl~ ,if ~h~~ i:;:: ~ H:.~:~, ,,;; i:~) ~ c:-.:u...~ i:; :.h~ e::~ !~~-: f~e~~' e:-:.!! c! L~~ ~~ ~-ef
<br />the Lender'. wai\'tlll'( the optton to aC<'elerate provided in the Security Instrument,
<br />
<br />By ~ignl!lg below, ""/Tower aCl'l'pt-s and a~ w the wrms and covenants contained in this Adjustable
<br />Rat.. Rider
<br />
<br />;:)
<br />Z U)
<br /> 0 ..i) ")
<br /> 0 ....,
<br /> <( ~.~
<br /> r- "" (/'
<br /> lJ) I ;( i UJ r-> c
<br /> e 1 l..:..;
<br />-- Cl I :1 --. -
<br />::J ...... '\"'~ (~
<br />;;: OJ 1 :..u -
<br /> '4 ~ , en
<br />1\ :" _ ., ...... -,
<br /> .- -
<br />1; ~ -- ~
<br /> ,- ~- '-' , '~1~ ~,
<br /> - - ~ .... <=>
<br />~ I- 0 .::r \./,
<br />00 U) 0 ~
<br />
<br />D.,f"R,~~ ,ln~.ment;~,L.J1l!<..
<br />
<br /><><10'1. ~~~~~~g~~
<br />W'-.J.-,'L....I.-~,..~....;;......;:;..___-____--.I - -. -
<br />!~d L. ~. !'resident -SQrrower
<br />I I /?,-_-; _/~ /./- :....//yl /_,~__ /' .,)
<br />iii /", ~,~{jt' Y ~-(..~
<br />11-- ~I - -...r-- -
<br />
<br />h[;.v~~) ,~//r,>I..<:tz~
<br />
<br />o <~r~~;'~~+ (.. 0/~~:r.:z.</l'
<br />
<br />6 (~+Ui'"(v Iii ~Jln ~,
<br />
<br />~~~~....C'~:~::;7':~,
<br />
<br />,/ 1/~__-7'~L_
<br />/'
<br />,~~/ jt/2~
<br />
<br />t
<br />4:
<br />IX.
<br />\Ii
<br />I.'Q
<br />4:
<br />
<br />...:
<br />
<br />ci
<br />
<br />.,..,.-'
<br />
<br />,- .'- >/' A-L
<br />
<br />L
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />f8ttL" M
<br />
|