81002493 - Laserfiche WebLink

Browse

,~ R3.--U(t24~3 RJR _ 1~17#~t ?1~:~'Y ll9f$'€Rl1M~iT;4>~G[J~5 A Nt)TE WHICH ~N'1`AINS' !t eiiii~?~tNfi 1€$1~ C#IrAPS€S'f~ EPi° 'i'EfE LNT !EA'4E: ib1- t IN TliE ii~f#' IfA'tE WILL RESULT IN HtGHEit PAltlilEN`f'S tiV 7'ElL° IltF1`F:IR~i` ItA'i'E WlI;L RESULT IN -LOW~t-Pi-~'I-fEN°FS. , - "Chia Ritia is teak this 6th ...day of .. , .. }` .......... , I9:$i... ,and is ittcorpocatcd it~and shall' be deetaed to atamd sell snppldaent the Mortgage, Decd of Trust. or Deed to Secure Debt (the" "Secatity lttstru- meat") ~ the aautedatc pvctr6y the undersfgtted (tht "Borrower") to secure Borrower's Note to .. . ......... . ... . ......... ri4~~. ~& .4+~ .tAA~t . ~~4S7~~C~ ................ . ........................... . (#ite "Dada>•) of the sastedate (the "Nate" 3 aad covering the property describedSn the Security instrutt~t sad toetited az ........ 22~. Y1e~t. faxttttf3e:. Gx:and..>:sland, . HRQrtte&a ....h&8R3 ...:....:......... . . . .... . rnaary ~tdfirsr ~. Ta addition. to the rnvenants and agreements made "rn the Security Instrumrnt. Borrower attd L.eadet further coveaaat and agree as fellows: i1, ENT RATE AND Mt)NT1fILY PAYME.N'f CEiA1VCES ThrNote has sa "initial interest Race" of , -1z •.~5:... ?rs. The Note interest rate may be increased or dxreased oa eadt Chattgt I3gte, as described. in the Note. Changes in the interesTrate are governed by changes in the "Contt~ct intxtest RaEC, Purehatse of Previously fh-cttpied Hottxs. National Average zor all Major Types of Leaders" made available by the Federal Hoaee Loan Bank Board (the "Index"). The interest rate cannot 6e changed to more than .. ~.. percentage points higher of lower [hen the Initial Interest Raze. if the ftttdeu rate chaagcs, the amount of Borrower"s monthly paymenes wit! change as provided ir, the Mott, !n- cteatxs is the lateral rate will resuh in highu pavmems. Dccseases in [he interest rate will result in tower payments. B. IRAN CND It could he that the toss secured by the Security lnstrumem is subject sa a law which sets maximum loan charges aad that law is ittterluetcd so that the interest or other loan charges collected or to be collected in connection with the lone wattid exeadi pertrnttcd limits. tf this is the case, then: (A) any such [Dell charge shall be redo«d by the amount +Y to reduce ahe charge to the permitted fimn; and {B}aaY sums already colfected from Borrower which exceed- t~ paaritttd limits wilt be refunded to Borrower. Lender map choose to make this refund by reducing the principal owfad ttader the Ntuc or by tnaktttg a atreCt paYtneltt tS BortowCT. C. TRANS~R (~ THE PDI:tDTiKR'YY !f there is a trat3sftr tz€ the Property tubjett to paragraph !? of the Sx*trity Instrument. 1_ender may require eicha alt increase in the cttrrrnt Note interest rate or an increase in the Base Index figure. or both. as a condition of Dada waivitt= the optmts to aceeternte provided in paragraph l7. By signing thta, Borrower agrees to all of the afwve. ~ _ ~ ~ ~-- ~;_,_..tcr ... - .._ .:"`'`.t.t... ~...........{Seal} t7t~trille 0. Qttalsett _~.o,.,n ,''° .. .~,#: t ~ -t. A t:~ l ~': ~ (Seal) r-......... l9aTg K, .C)tral.t#ett `. -f;curovEr ,_ ~~ !~3"~ t6~11 ~t rtt a rartt~.~ta~ romeaf~rt ..aas~+s.n t;,~[f«a..~ r«,,,.