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84000253
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Last modified
7/13/2009 1:36:08 PM
Creation date
7/13/2009 1:30:56 PM
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DEEDS
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84000253
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<br /> <br /> gam' 1)00253 <br /> (8) Amauuat of KxIddy pays is <br /> Mr manddy pay twill. be in the amount of U.S. $ 402.119 'fie ibte 811dw +dll CIMP <br /> my =xrldy p q -e t .s r+eq dred by Sm l n 4(C) toilov on t h-SEeceft CtreoW Dote and on that <br /> day avrrt:y 35th mrxuh the wlter. Erb of tbeee Meet is ~ "PaypMt Ctrernge Date." the Note <br /> doldrx will also ~ m4' mocathlY lit: an areary ~ ~ Datre if section 5(B) below requires <br /> me to pay the Pull Monthly lmnuat. <br /> (C) Caladataoa of Monthly Payment ChmVs <br /> Before each Payment Chasage Dace, the Note lolaor wilt CALMd$M a DOW monthly payment sufficiaant <br /> to repay the u>psid principal bslarrrae on or low In full on the maturity date at the Payment Raze in <br /> substantially equal payments. The "Payment Rase" is the sum of the IrAm figures on the five <br /> Interest Chaange Dates proceeding a Payment Chup Date plus the QaTmt Indent, divided by the Ribe-F <br /> 6 _ Plus 3,159 percentage paInts ( 3.150 X), rounded to the nearest one-eighth of one <br /> percentage pour . Except the payment rate wal not excused 13.990X. <br /> (D) Effective Date of Payment Changes <br /> Uatil the next Payment Change Date, I will pay the amount of my new monthly payment each month <br /> beginning oa th ie first monthly payment date after the Payment Change Date, or Interest . C huW Ekte if <br /> Section 5(B) below requires me to pay the Full Monthly Amount. <br /> 5. UNPAID PRINCIPAL BALANCE <br /> (A) Changes in My Unpaid Principal Balance <br /> My monthly payment could be less than the amount of the interest portion of the first Rdl <br /> Monthly A== I owe or less than the interest portion of my first full Monthly Amount after an <br /> Interest Orange Date. If so, the Note Holder vM sukA act the amomt of my monthly payment from the <br /> asrocnt of interest I owe and will add the difference to my unpaid principal balance each month until <br /> the next Interest Change Date. lbe Note Holder vaill also add interest on the amount of this <br /> difference to ray unpLid principal balms each month. Until the new Interest C wAse Date when. the <br /> Nate Holder determLoes my new interest rate on my then unpaid principal balamne, the rate of interest <br /> on the interest added to Principal will be the rate dew in Section 2 above. <br /> My monthly payment could be more than the amount of the AM Monthly Amount. If so, the Note <br /> Holder 14U subtract the difference from the unpaid principal balavne of my loan each month until the <br /> rasa Interest Comae Date as if I had made a partial prepayment under Section 7 below. <br /> (B) Limit on Urgxdd Principal Balance; Requited Full Monthly Ara xmt <br /> My uTaid principal balance can never exceed a aaadma amount equal *to one hxxh-ed twenty-five <br /> percent (1257.) of the paGiwApal amount I originally borrowed. If my paying the amount of my monthly <br /> payment after any Interest Qkzq~e Date would cause the unpaid principal balance to exceed that <br /> meodm m arrant at army time, I must pay instead the Full Monthly Amautt as my monthly payment until <br /> the next Payment Change Date. <br /> 6. NOTICE OF CHANGES <br /> The Note Holder will mail, or deliver to me a notice of any chimes in the Fall. Monthly Amount <br /> and cry monthly payment before the effective date of array charge. The notice will, include information <br /> required by lw to be given me and also the title and telephone number of a person who will answer <br /> any question Z may have nVardire the notice." <br /> B CHARGES ; LIENS <br /> Uniform Covenant 4 of the: Security Tn;trrcment is amended to read as follows: <br /> 4. Charges; wens• Borrower shall pay all tau , its, and other charges, fines and <br /> impositions attdbutablie to the Property Q4ch may attain a priority over this Security Instrument, <br /> and leasehold paymemts or grcxad rents, if arty, in the manner provided under paragraph 2 hereof or, <br /> if not paid in such owner, by Borrower malting payment. when due, directly to the payee thereof. <br /> Borrower shall prrcwUy furnish to lender all notices of amounts due under this paragraph, and in the <br /> eves Borrower shall manse payment directly, B=uer shall promptly furni.5ht to tender receipts <br /> ,rldencina such payments. Borrower Shall Munptly disrha w my lien 4dch has priority over this <br /> Security Instrumiat; provided, that Borrower shall not be required to discharge arty such lien so long <br /> as Borrower: (a) shall agree in writLng to the payment of the obligation secured by such lien in a <br /> roamer acceptable to Ierodex; (b) shall in good faith contest such lien by, or defend against <br /> enforcement of such lien in, lepl proce9jiW which in the opinion of Lexrder operate to prevent the <br /> enforcement of the lien or forfeiture of the Property or any part threreof; or (c) shall secure from <br /> the bolder of sucb lies an t in a form satisfactory to Lender subvniir~utixrg arh lien to this <br /> security instrument. <br /> If leader determines that an or any pant of the Prropetty is subject to a lien which may attain a <br /> priority over this Security Instrument, leader shall send Borrower notice identifying such lien. <br /> Borrower shall satisfy such lien or take one or mace of the actions set forth above Within ten days <br /> of the giving of notice. <br /> C. NOTICE <br /> Lkdforza Covenant 14 of the Security In wai ent is amended to read as follows : <br /> 14. Notice. apt for awry notice required wader apPliable Lw to be given in another saucer, (a) <br /> a►ry notice to Borrower nravided for In this Security Instrument shall be given by delivering it or by <br /> t>Friliag it by first ciasa man addressed to Borrower at the Property Address or at such other address <br /> as Borrower may dmlg xme by notice to L=kr as provided herein, and (b) any notice to Terrier dull <br /> be given by first class mail to lender's address stated berein or to mxh other address as tender may <br /> designative by notice to Borrower as provided hereim An►Y notice provided for in the Security <br /> Instrument shall be & =ad to ham been given to Borrtaer or Ian& then <br /> given in the mnr <br /> designated beCein. <br /> D. UNIFOILM DEED OF TRUST; GOVERNING LAW; SEVERABILITY <br /> Lktifo= :ovesmzrt 1.5 of the Security Instrument is armed, to read as fallom: <br /> 15. tkrifor m. Deed of Trust; Gowe dirg law, Scverab3lity. 'This form of Security Instrumnit combines <br /> 'Mona texts for national use and noo-urnifocrar cxrrwesraxats %dth limited variaticus <br /> to cxx~stitmte a wxdfz= security lastxtme= covering teal property. MILS Security I str cshall <br />
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