HomeMy WebLinkAbout0994 _ sb ~3.5 ~ ~ j
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If the loaa secured by the Securitq Instruseat is subject to a lsw
which sets wci~ loan char~es, sod that 1sW is fiaally interpreted •o
thst the interest or other loaa charges collected or to be collected in
connection vith the loan e:ceed per~itted li~its, then: (1) aay sucb
loan charge shall be reduced bq the a~ount aecessary to reduce the
char~e to the pes~titted li~it~; sad (2) aoy su~s already collected fro~
Borro++er which ezceeded per~itted li~its vill be refuaded to Borrower.
Leader aay choose to sake this refund by reducia~ the principal owed
under the Iiote os by ~akins a direct paq~eat to 8orroirer. If a refund
reduces. priacipal, ~ reduction vill bt trested ss a partial
prepay~ent under the Noie.
I. Legislation
If, after the date hereof, eaactaent or e~tpirstion of applicable laws
have the effect either of randering the provisfons of the Note, the
Security Instru~ent or this Grsdwted Pay~ent Rider (other than this
psragrapb 8) uaenforceable sccordiog io their tes~s, or all or sny part
of the au~s secured hereby uacollectible, ss othesvise provided in the
Security Instru~ent snd this Graduattd Psy~ent Rider, or of di~inishiag
the value of Leader's security, th~en Lender, at I.ender's optioo, ~ay
declsre all su~s secured by the Securitp Instru~eat to be i~ediately
due~and payable. !
IN i~1ITNESS i~REOF, Borrover has euecuted this Graduated Daysent
Rider.
(Seal)
bert Carpenter Borrower
(Seal)
ttaymo Aa ns Borrower
ea2)
Thocaas 2accone Borrower
(Sign Origiaal Oalp)
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~ 1983 NAR 30 PH 3~ 27
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~ RECORD AND TO: A11~ rtgage CR
South Con ss A~
(FL) IaI.EX RIDER - west Pa each, FL
' Page 6 of 6 , ~~~Q~ e~ ~3 33406
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