|
<br />I
<br />
<br />r
<br />
<br />18. 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, each month that the Limited Payment is less than the int~rest portion, the Note Holder will
<br />subtract the Limited Payment from the amount of the interest portion and will add the difference to my un-
<br />paid principal. The Note Holder will also add interest on the amount of this difference to my unpaid principal
<br />each month, The interest rate on the interest added to principal will be the rate required by Section A(3) above.
<br />
<br />{9} limit on My Unpffid Princi~: !!!c..Y'O-!!-.ced 1\!e!!.t:hiy Pe.yments~ My unp9id prir:cipel can fievtff" eJi~ a
<br />maximum amount equal to one hundred twenty-five percent n25%) of the principal amount I originally bor-
<br />rowed. Mv unnaid nrincinal could exceed that maximum amount if I Dav a Limited Pavment, If so, on the date
<br />that my Payi~g my Limlt.,a Payment would cause me to exceed that limit. I will instead begin paying a new
<br />monthly payment untii the next rate ehange 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 maturity date at my current interest rate
<br />in substantialiy equal puyments_
<br />
<br />nOI Required Full Payment: Beginning with the first monthly payment after the final Rate Change Date, I
<br />will pay the Full Paym"nt as my monthly payment,
<br />
<br />B, LOAN CHARGES:
<br />
<br />It could be that the loan secured by the 5'",,,eity Inse ,)fit is subject to a law which sets maximumloan
<br />charges and that law i~ interp.ret~ @o that the !!'!terest or other !~~ c~.arges ccl!retad or to be-coll~~ m.Wir
<br />nection with the loan would lC.3;Cm permitted limits, If this is the case, then: (l) any such loan charge shall be
<br />reducf::-a by the amount noccs-sary to r€-duee the charh""e t.o lh~ permitted limit; and (2) any 8tJD1S aiready coi-
<br />lected from Borrower whkh exceedN! permitted limits will be refunded to Borrower, Lender may choose to
<br />make this r...fund by reducing the principall1wN! uoder th... Not" or by making a direct payment to Borrower.
<br />
<br />C. PRIOR LIENS:
<br />
<br />If Lendi'r d..t...rmml.'s ItJm all or any part of the sums securN! hy this Security Instrument are subject to a
<br />lien which has priority owr th.s S('Curity lnst.rument, Lender may send Borrower a notice identifying that
<br />lii:i1. Bnrrowt:'f ~haH PIT,n1t,iJy ;-;i"t.:U.fi' uil a~n~~Jnt"nt in a form satisfactory to Lender subordinating that lien to
<br />this Security lnstrurr...m~
<br />
<br />0, TRANSFER OF THE PROPERTY:
<br />
<br />If th...", is a transfer of tbe Propertv as described in the Stll.:urity Instrument. Lender may require III an in-
<br />crease in the ('urrent :\'ot" interest rau., or i21 an increase in (or removal of! the limit on the amount of anyone
<br />interest rate dumge ,if then' is a limit), or ,:Jlil change in the Base Index ligul'l', or all of these, as a condition of
<br />thf' Lender~",- wsiving the option io a,cn:lerate provided in the Security Inst.rument.
<br />
<br />Bv signing b...low, Horru",<:r <len'pts and agr....s to the terms and ('OVenllnts eontained in this Adjustable
<br />R"t" Ridl.'r~
<br />
<br />"'-' .....
<br />", i
<br /> ~ '"
<br />,...., c:
<br />:i: 'i ~
<br />~.} L-:;
<br /> '.
<br />C" C
<br />"'-' c.
<br />>- r--...0
<br /><-> ~
<br /><:::> \ 1..
<br /> 'V "
<br /><=
<br />
<br />
<br />/'
<br />
<br />\ ,~...
<br />,/' -y---
<br />--k~ j.'-i."-rL-~-.!:""""~,,
<br />
<br />2m ~
<br />~ ~ a
<br />
<br />ill <-'
<br />
<br />g 0 hr~~
<br />~_o~/t,JJ~ w
<br />~. I ~.;~) ~~ ~,:.
<br />n .,' ~ ,;; :.: =_~
<br />l~,_;~~~~~
<br />,<~ .......-''''-,~ -
<br />""""
<br />
<br />/): .{
<br />
<br />fL~7~U "'"
<br />
<br />\~
<br />
<br />/' ~./,"12L"r~ ,,:>>{;ii:~2<7'
<br />,t"{~(i.t~i::, I, ~,/:-('-k''-A
<br />,. ,~u~; ~~C:::;iol-'~'-~':~_
<br />
<br />V //!r;'A:~'r;r:I;;{v/2_
<br />/ ., ..'~ - - ,/ -,.:/ ,'<. .
<br />.k .i..../""ij_~_A::,"'.- <;>L,.c-L/'C"....J
<br />
<br />..::
<br />
<br />o
<br />
<br />d
<br />
<br />o
<br />
<br />I
<br />'-
<br />
<br />ADJUSTA8lE RI''.TE LOAN RIDER
<br />
<br />nnH 4 84
<br />
|