Laserfiche WebLink
r <br />81--~~«~4~~ <br />ADJUSYItDI.iE RATE RIDER TO DEED OF TRUST <br />Tits fader is made this _2tzd.__ day of •T.st y ~ oA t ,and is int:orporated <br />into arks shah ise deerited tl2 arrt®rtd and supplement tits Deed Of Trust Of the' Same date given by'the <br />unddtsigned {the "l3wrower"} to secure Btsrrower's note to Commercial Faders! Savings and Loan <br />Asso~attort of f)maifa, Nettrasita (ffte "Lender"} o/ the same -date (tlte "Rote"} at'd caverintJ the property <br />deeor~ed in the Deadof Tn~f and locat®d at <br />~'{_~~paF r:sfssl.as~(:rand Ta"S.aneis _Ngh acka fi$$dI _ <br />Mott~oatlwts: to addiNort b the covenants and agreements made in the Deed of Trust. Borttxwer and <br />i.ertder` itrrther covenant and-agree as fogovvs: <br />1. interest Rare-acrd Monty Payment Charges. The Note-has anetitlai irtMrest rate of ...L5,..44l1%. <br />Tile rwte interest rare may be int~eesed or dedeased on each Change Ode, SS descibed in Uts-Nora: <br />` Changbs in the interest rate are governed by the changes in the average yfeW at whki- the Federal <br />Mdtrte Loeut Mortgage C.orporpitbn committed io purritese oonverttlortad tTlortgege Hates wtMt a lftasd raM of <br />interest far ftie shortest avaNable deNvery plus ~i496. <br />Tits rrtor-thly payment amounts wiA also change on Payment Charge i~ as provided in the Note. <br />Because payment changes may orxtu less otter, than interest rate chartgas ardlor may tie aue>;ect to certeNt <br />iimitaplwts described in the Note. the rnESttihly payments may at times clot be sttt to pay aocrning <br />interest. In such case, unpaid interest is added to the principal tlatarxe of itte Note and itself aotxues <br />interest tharedNBr. <br />Z h quid be that this loan is subject to a law which sew rnatdrrAUn bent and ,flat law is <br />irtlerpreted s0 the the irrtereet or outer ban charges CONeCtied ~ to tIe ooget:ted m oomertion wilt, the ban <br />would exceed permitted limits: K thre is the case, then: (A} arty such loam shall be rerltxted tty-tfte <br />amotntt rtecssaary to reduce ttte charge to the penratred limit; and (B} arty sums aheady caliatsEed from <br />Borroter whidt etcceerted perrtutted limits wirf tIe te#tatded to Borrower. The Note Fkstder may choose to <br />naitce this refund by reducing the prirtapal Borrower owes under the Note or by maftirtg a direct payment to <br />Borriorwar. N a refund reduces pnnapai, the reducirort wiN be treated as a partial prepayment. <br />3. By sic,~tirtg this. Borrower agrees to aN ~ ~ atwve. ,, ~ , / f, / ~ <br />/itandall n. Davis Borrower <br />5--=~ <br />kathryn L. av vis Borrow@r <br />~~ <br /> <br /> <br />