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8. RENEGOTZABLB INTEREST RATE. For purposes of this
mortqaqe instrument and the NOTE secured thereby, the term
"Reneqotiabla" in tha title "Reneqotiable Rate M~ortqaqe"
means that the interest rate is subject to adjustment
pursuant to the federal requlations (Section 545.6-4a, Title
12, Code of Federal Requlations). The -Lender is not required
to barqain 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 outstandinq balance due under this
mortgaqe in full rather than renew his loan for an additional
Renewal Loan Term, then and in such event, the final nayment
due shal~l be a balloon payment which shall equal the sum of
the last monthly payment due and the outstandinq principal
balance and accrued interest~due immediately after receipt
of such payment. ~
IN WITNESS WSEREOF, BORROWER HAS EXECIITED THIS REy'EGOTIABLE
RATE RIDER. -~
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