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H. RENEGOTIABLE INTEREST RATE. For purposes of this
~aortqaqe instrument and the NOT$ secured thereby, the tena
"Reneqotiable" in tha title "Reneqotiable Rata Mortqaqe"
means that the interest rate is subject to adjustment.
pursuant to the lederal requlations (Section 5~5.6-4a, Title
12, Code of Federal Requlations). The Lender is not required
to barqain with the Borrower(s) as to ths interest rate for
any Renewal Lc~an Terta.
I. BALLOON PAYMENT. Should borrower exercise his ~
option to repay the outstanding balance due under this
mortqaqe in full rather than renew his loan for an additional
Renewal Loan 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, HORROWER HAS EXECOTED THIS RE~IEGOTIABLE
RATE RIDER.
~•~- ( SrAL)
STEV ARANTOS
~ ~-e2.. (SEAL)
ANN SARANTOS
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