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1981 NAR -9 A!1 It~ S6
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~ S. RENEGOTSAELE INTEREST RATE. For purposes ot thi~
mortqaqs instrumsat and the ~t0'*E seceued thereby, the ter.a
"Raneqotiable" ia ths titls "Ren~qotiabls Rat• Mortqaqs"
means that tha interest rate i~ subjact to ad~u9tment
pursuaat to th~ federal requlations (S~ction 545.6-4a, Title
12, Code ot Federal Regulations). Tha Lender is aot required
to barqain with the eorroa~r(s) as to ths interest rato for
any Renawal Loaa Tarm. .
I. BALI.OON PAYMENT. Should~borrower exercise his
option to repay the outstandiaq balance due under this
mortqaqe in full rather than renew his loan ~or an additional
Renewal Loaa Term, then aad ia such avent, the fi.nal payment
due.shall be a ballooa payment which shall equal the sum of
the last monthly paymeat due and the outstandinq principal
balance and accrued interest due immediately after receipt
of such paymeut. .
IN WITNESS W~REOF, BOR~OWER BAS EXECQ'3'ED '!'HIS REYEGOTL~HLc
RATE RIDER.
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FILEO~NC F~CORA~O
SLtUC~E CCUNtY.fl A.
ROGFR POITRAS
CIER!( CIRCUIT CO!!RT
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