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Home My WebLink About0956 . • . only c~ooae~to hsve ~y paq~ent ad3usted in accordsnce ~ith Section S(A) or oske the Full Payreat ~ouat. The Note Holder Will notify ~e aa provided in 5ectioa 6 belov, thirty (30) to forty-five (45) days prior to each of the amiversaries of the date ~y first aoattily pay~ent is~ due aad will infor~ ~e that I have the optioas set forth in this _ Sectioa S, sub3ect; however, to the li~itations ~iaposed by Section 6(I). I~ust notify the Note Holder of aq electioa prior to the ti~e thst the first ~oathly payeent is due after the respective anaiversary ~ dste. If I do not choose fro~ the optioas I have uader this~8ection S(B) prior to ~y first_two anniversary dates, I will ~ake the pay~ents provided for in 5(A). If I do not choose either the paq~ent ad~usta~ent provided for ia 5(A) or the Ftill Paqoeat A~wuat prior to the thfrd and each subsequent anaiversary date uatil the twenty-ninth anaiversary date, I will uwke payseats of the F~11 Psyrent A~ount. 6. CHANGBS IN MY UNPAID PRINCIPAL BALANCB ~(A) Additions to Hy Uapaid Priacipal Balaace _ Bach of sy~monthly payveats could be less than the amount of the - , iaterest portion of s~oathly paqoent which then would be sufficient to repay iay unpaid principal balance ia full oa the tiaturity date at ry current rate of interest in substaatially equal pay4eats. If so, each ~oath that the aaount of ~y oonthly payseat is less than the iaterest - portion, the Note Holder Will subtract the a.ouat of iy ~oathly payoeat fro~ the interest portion and will add the difference to,~ry unpaid principal balence.. The Note Aolder. will also add interest on the interest added to principal will be the rate,required bq Section 2 above. (B) Reductions in Ny Unpaid Principal Balance Iiy ~onthly payotent could be greater than the amouat of a soathly . paqment which then would be sufficieat to repay my unpaid principal balance in full on the ieaturity date at mq current rate of iaterest ia substantially equal payments. If so, the Note Holder will subtract tihe difference from the uapaid balaace of ay loan each ~oath until the nest Interest Change Date as if I had made a partial prepay~eat under Section 8 [of the Notej. . . (C) Limit on My Unpaid Principal Balance; required Full Paysent Amount . ! Hy unpaid principal balaace can never exceed a maximu~ aaount ; equal to one hundre~ tWenty-five percent (125x) of the principal a~wunt . I originally bqrrowed. If ~y paying the amount of ny sonthly payreat i calculated under Section 5 above after any Interest Change Date would ~ cause ary unpaid principal balance to exceed that maxioun amount at aay ~ ~ time, I will instead pay the Full Pay~sent Amount as my moathly pay~nt until the next Payment Change Date. 7. NOTICE OF CHANGBS The Note Holder Will mail or deliver to ve a notice of any changea in the Full Paynent Amount and my moathly pay~eat before the effective y e date of any change. The notice will include iafarmation required by law to be given Ae and also the t-itle and telephone number of a person Who will answer any questioa I nay have regarding the aotice. ~ B. INCREASES IN UNPAID PRINCIPAL BAI.A1dCE TO BE SECURED. F ! ~ Borrower and Lender recognize that because of the operaLion and ~ i effect of the provisions of Sections 2, 5 and b of the Note as set. ~ forth in Section A of this Rider (the "Interest Capitalizatioa Provisions"), the unpaid principal balaace of the loan evideaced by the ~ Note may exceed the original indebtedness of ~50,000 referred to oa ~ page oae of the Securitq Iastruseat. Borrower and Lender ~agree that this Security Iastru~ent is given not only to secure the paynent of tDe original indebtedness evfdenced by the Note. and the other matters reerred to oa page one of t6e Security Instru~ent, but also to secure aay increases ia such principal balance arisiag bq the effect of the ~ (FL) FLEX RIDER ~~n - Page 3 of 6 BO~tJ~S P~if 955 . ~ . _ - - -