HomeMy WebLinkAbout2941~ }.
H. RENEGOT2A8LE INTERE3T RATE. For purpoaes ot this
mortqaqa instrument.and the NO'~E secured thereby, the term
"~sqotiabl•" ia the titla "Reneqotiable Rats i~ortqaqe"
meana that the interast rate is subjact to a-dju~tment
pursuant to th~ ~sderal regulations (Section 545.6-4a, Title
12, Code ot Fedsral Reqnlations~. Ths Lender is not required
to barqain with the Borrower(s) as to the intereat rate for
aay Renaval Loaii Tszat. .
I. HA~LZAON gAYMENT. Should borrower exercise his
option to repay the outstandinq balaace due uader this
iaortgaqe in ~ull rather than renew his loan ~or an additional
Reneoaral L~oaa Term, thea and i3 such ~v~at. ~h~ ginal ~aym~n-t
dua shall be a ballooa payment which shall equal tha sum of
the last monthly payment due and the outstandinq principal
balaace aad. accrued interest due i.maaediately after receipt
of such payment. •
IN WIT~TESS WHEREOF , HORROWER HAS EXECII'3'ED '!'HIS RE:TEGOT~~BI.E
RATE RIDER.
( SEAL )
( SEAL )
.. ' j c~ T~~ t' -' . .--' ~_' - ;
~ . _ i~ G ~ J,14 f ~; f!~ fi •• ~` L' "-- ' ,~ • -
-~ I,iY;-,c-r. - _ .• _ , jtl.!yr~ .. , ~
N `..'IUi : it • . , ---
-, C _' ~~ _ `.ir~y•~~ ' =~'.._ai±~f1 ~
~ . ,~~~;._ .~_ d 8. 0 t~ ~
-= ~
~ ._ .
- S;~pg56
~ HAR 19 P!t 12 ~ ~
FiLEO FNC Fi CO~I!i 0
S ROGER f~'OITRA5A-
CIERK CIRCUIi COD4
p:•-; ;.~ ~ ~ i':F'f " . - --
8~~~ P~ ~~~7c)~7
~ -2-
~ -~c_~ g
~::::~_... , ... - - -- -