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Home My WebLink About0942 :,~lancc as of thc I~tcrat Changc Date in ful) on Ihc matunty da~t s~ my ncN~ ratc of inttrest in substantially equ~l mcnt~. Thc result of ~his c~lculation is my ncw Full Pa~mcnt Amount. ~ Each ncw rate of in~crest wil) bccomc tffccti~t on cach Intcrest Changc Datt, and cach ncw Full Paymcnt Amount j ..,(i hccomc cRcrtivc on ~hc firct monthly ~~ymcnl dalt aftcr thc lntcrc~l Changc Dalt. ~ (B) ReQuired Full Pa~ ment Amount 1 1 will a• thc Full Pa~•mcnt Am~unt as m~ monthl • a•mcnt bc innin Ni~h m 61st monthl • a•ment if m ncw ~ p) ) )P) S B Y ~P) Y S ratc of in~crest is equal to or tcss Ihan thc Initial Rale of lnterest or if 1 do not choosc to limit thc amaunt of my monthly ~ mcnt as ~xrmiucd b~• Scction 6(A) bclov?. Evcn if I choost to limit my monthl~~ paymcnt, 1 wil) pay the Fu11 Paymcnt + Am~unt bcginning with my 121st monthl~~ ~a~•mcnt. 5. GRADUATED I~tOT~?NL1' PA1'~tEtiTS l-~0 ' ~ M~ fir~t 12 monthiy pa~ mcnts ~~ill cach tx in the amount of U_S. 5....316..94 ' On cach t}~c first four annivcrsarics of thc datc my first monthly pa}•mcnt is duc. 1~~ill bcgin paying a ncv?• monthly payment ..!;ich w ill bt cqual to thc amount I ha.•c bccn pa~•ing multiplicd b~~ thc numbcr 1.075. 1 w•ill pay thc ncw~ amount of my monthl}~ ~a}~mcnt until it changcs in accordancc with this Scction S or S~ctions 6 or 7 hclow. , 6. BORRO~~~ER'S RICNT TO LITf1T AJ~fOUNT OF I~fO'~'THLl' PA~"I~fENTS 61-120 (A) Calculation of Graduated ~tonthl~• Pa~ment Amount lf m~~ ncw~ ratc of intcrat at thc first intcres~ Changc Datc is grcatcr than thc Initial Ratc of Intcrest, I may choosc to ?:mit thc amount of my ncM~ monthly ~aymcnt. lf 1 do so, on cach of the Sth throuEh 9th annivcrsarics of the datc my first m~nthly pa}-mcnt is due, 1 W~ill bc~in paying a ncw monthly pay~mcnt w~hich w~ill bc cqual to thc amount I havc bccn pa~•ing :;ulciplicd by the numbcr 1.075. Evcn if I ha.•c choscn to limil my monthl~- pa~~mcnt, Scctions 6(B) or 6(C) bclow• may rcquire me to pay a diRcrcnt amount. I~vill givc thc Notc Holdcr noticc that ( havc choscn to limit my monthly paymrnts a: lcast 1 S da~•s btforc my 61st mon~hly pa}~mcnt is duc. (B) Reduc~d Aionthl~' P~~ ment Amount ti1~~ 73rd, SSth, 97th or 109th graduatcd monthly paymcnt calculatcd undcr Scction 6(A) abo~•c could be grcatct ;t;an tht amount of a monthh• paymcm w•hich thcn ~~ould bc sufficicnt to rcpay my unPaid principal balancc in tull on the r,.aturity datc at my currcnt r~tc o(intcrest in substantially cqual paymenls. If co, I N~ill instcad thcn bcgin paying a ncw monthl~~ paymcnt, w~hich w~ill bc cqual to thc lowct amount, untii my 121 st monthiy paymcnt w:hcn I w~ill bcgin paying my ~cw~ Full Pa~•mcni Amount. (C' Increlsed A4onth13• Pa}~ment Amount ~fy paying a monthly payment calculatcd under Scction 6(A) abo~c could causc m}• unpaid principal balancc to c~ccrd thc limit statcd in Sc~tion 8(B) bciov~•. lCso, on the datc that my paying a monthly pa}~mcnt µ~nuld causc mc to C.iCCCd that limit, I~•ill instcad bcgin pa~•ing a ncw monthly~ paymcnt until my 121st monthly paymcnt whcn I will bcgin ; a~~iijg my ncw Full Paymcnt Amount. This ncw• monthly paymcnt w~il) be in an amount a~hich would bc sufficicnt to rcpay . thcn unpaid pr'sncipal balance in full on thc maturity datc at m}• currcnt ratc of intcrest in substanteally cqual paymcnts. - i. 110:~THLI' PAYTiE'~T 12I AND REf~tAININC PAY:~fENTS B?ginning with my 121st monthly paymcnt, I~~ill pay thc Fuil Paymcnt Amount as m}- monthly paymcnt. IICREASES IN THE PRINCIPAL A~IOUNT TO BE PAID ~ (A) Additions to 141y Unpaid Principal Balance j Each of my first 120 monthly pa}•mcnts cauld bc lcss than thc amount of thc in(crest portion of a inonthly paymcnt ; :.}:ich thcn would bc sufficicnt to repay my unpaid principal balancc in full on thc maturity datc at my currcnt ratc of ; ;crest in substantially equa) pa~~mcnts. If so, cach month that thc amount of my monthly paymcnt is las than thc intcrest ~~ion, thc Notc Holdcr R-ill sub;ract thc amount ~f my monthl}• pa~~mcnt from thc amount of thc intcrest portion and P ~ R. . ~ ill add thc diffcrcncc to my unpaid principa) balance. Thc Notc Hotdcr w~ill alsa add intcrest on thc amount of this ~ ~~~crrncc to my unpaid principai balancc cach month. Thc ratc of intcrest on thc intcrat addcd to principal will bt thc rate ~ uired by Scctions 2 or 4(A) abovc. ~ B) Limit on Unpaid Principal Balanct ~ My unpaid principal balancc can nc.cr cxcccd a maximum amount cqual to on~ hundred tw~cnty-fivc pcrccnt (125 io) ~ :hc principal amount 1 originally borrow~cd. ~ 9. '~OTTCE OF CHAtiGES ~ 'TT~c 1~otc Holdcr w•ill mail or dclivcr Io mc a noticc of any changa in thc amnunt of m}• monthly paymcnt kforc the ~ __"_-~ti~c datc of any changc. Thc noticc Kill includc information rcquired by la~• to be givcn mc and also thc titlc and ~ -;c, honc numbcrofa pcrson who wiil ansKCr any qucstien 1 ma}' havc rcgarding thc notict." ~ ~ CHARGES; LIE;ti'S " 'r:ife;m Covenant 4 ofthe Security Instrument is amended to rcad as folloµ~s: ~ ~ • F, C~:arges; Lier?s. Borrow•cr shall pa}• all taxcs, asscssmcnts, and othcr chargcs, fincs and impesitions attributablc to the p ";;;,,c:-ty •;hich may attain a priority ovcr this Sccuriiy lnstrumcnt, and lca~cho)d pay~mcnts or ground rents, if an}•, in thc , -.::r.na pro~~idcd undcr pa:agraph 2 hcrcof or, if not paid in such manncr, by IIorrow~cr making pa}~mcnt, w•hcn duc. ~ c~tl}• to ihe payet thcrcof. Borro.+cr shall promptly furnish to Lcndcr all notices of amounts due under this paragraph, in Ihc e~cnt Borto~?er shaii make paymcnt dircctly', IIorro~•cr shall promptl~• furnish to Lendu receipts evidencing w ..::h paymcnts. Borrower shall promptly discharge any licn K•hich has priority o~~cr this Sccurity Instrument; provided. " .;.at Borrowcr shall not bc rcquircd to dicchargc any such licn so long as Borrowcr. (a) shall agrcc in writing to thc h" ;-~}'mcnt of thc obligation xturcd b}• such licn in a manncr acccptablc to [.cndcr; (b) shalf in good faith contcst such licn k. , or dcfcnd against cnforccmcnt of such licn in, Icgal procccdings ~~hich in tht opinion of L,cndct opcratc to prcvcnt thc ---:forccmcnt of thc licn or forfciturc of thc Propcrty or any part thucof; or (c) shall sccurc from ihc holdcr of such licn an ~ L rccmcnt in a form satisFactory to Lcndcr subordinating such licn to this Sccurit} Instrumcnt. I f L.cndcr dctcrmina that all or any part of ~hc Propcrty is subjcct to a licn u hich ma}~ attain a priority ovcr this Sccurity ?-:~.:rumcnt, L,cndu shall scnd Borrowcr noticc idcntifying such licn. BorroKCr shall satisfy such licn or take onc or more of ~ ,::c actions sct forih abo~c K•ithin tcn days of thc giving of noticc. r:. 1 OTl CE z~`~K 4~0 ~~~E 94a - ':~.~~or.n Co~cnant 14 of thc Sccurily Instrumcnt is amcndcd lo rcad as follow~s: l d. lotice. Exccpt for any noticc rcquircd undcr applicablc 1aw to bc gi~cn in anothcr mannc.r. (a) any noticc to ~ :'--•~•~:.cr ^rrnid~-d fnt in fhit S~curit}• lnstn~r.~rnt <<;~11 M pi.cn b}' d~li•.~r.nF ;,r l.~ ` ` ~ . • , _ _ _ - : - r~.~ ~k~,~~_.~_ x ~_.W_