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HomeMy WebLinkAbout2934~ t. 1 8. RENEGOTIASLE ZNTEREST RATE. For j~Ll=j~0989 of this mortqaqs instrument and the v0'~E secured thereby, the term "Rsneqotia.ble" ia ths titls "Renegotiable Rats Mortqaqe" msans that the intsrsst rate is subjact to adjustmsnt pur~uant to th• ~aderal requlations (S~ction g45.6-4a, Titla 12, Code og Federal Rsqnlations). The Lendsr is not required to barqain wi t1i th~ Borrawer ( s) as to ths intsres t rate f or any ReaeWal Loaa Tsria. . I. HALLOON PAYMENT. Should borroaer exercisa his optioa to repay the outstandinq balancs dus under this mortqaqe in fu~l rather than renew his.loan for an additional Reaewal Lcaa Term, then aad in such aveat, tha final payment dua shall be a balloon payment which shall equal the sum of the last moathly paymeat due and the outstandinq principal balaace and accrued interest due imaaediately after receipt of 9uch payment. IN WITNESS WS~REOF, BORR~WER BAS EXEC~'!'ED THIS REYEGOTL~HLE RATE RIDER. ~ ( SEAL ) J~ .. ~ _- ~ =. ir- ., -~~, r: ALS~RT LEN rn --- -- - - -'-~ __-.-- -_ - -- 1 :.: `~__~~T~. = = ;-I .1.- . . . 1~I _'v?!1~NiARY S' r~, .. ! ~ + ~,=. .~.~= ~ _v~ri~: '~~- ---- --- ~ ~ ~ `" __ - ,~:~ ~ 9•~. ' ~~ "~` ~ : =; ~ 4 8. i ~ ~ :: c~ :- ~ - ~• --' i ~ . - _..~~ _ ~ NGE LO ( SFAL) 1~ MAR l9 PR 12= I I ST~Ll1C~E C~ Y FlA. R06ER P01jRAS CLERK CIRCUIT CG~ ! -= rr.t; ~': . , S;Z0954 j _ 2_ BO K~ PAGEL~e7J~ ~ ~C:a-~9 ' ~:-~s~. ._.. _...- -~ __ . . . -_ . _ . .: - - _...