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H. RENEGOTIABLE INTEREST RATE. For purposes of this '
mortgage instrument and the NOTE secured thereby, the tern? .
"Renegotiable" in the title "Renegotiable Rate Mortgage"
means that the interest rate is subject to adjustment
pursuant to the federal regulations (Section 545.6-4a, Title
12, Code of Federal Regulations). The Lender is not required ~
to bargain with the Borrower(s) as to the interest rate for ~
any Renewal Loan Term. ~
I. BALLOON PAYMENT. Should borrower exercise his
option to repay the outstanding balance due under this
mortgage in full rather than renew his loan for an additional
Renewal Lean Term, then and in such event, the final payment
due shall be a balloon payment which shall equal the sum of
the last monthly payment due and the outstanding principal
balance and accrued interest due immediately after receipt
of such payment.
IN WITNESS WHEREOF, BORROWER AAS EXECUTED TATS RENEGOTIABLE
RATE RIDER.
(SEAL)
o n Gerhardt
, (SEAL)
V~~ginia G. Gerhardt
1920 OCT -9 PH 3; 34
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~ S ROGER
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CLERK CIf.Ct!IT C^~JJSRT,7
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