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Home My WebLink About0944 _ . ~ ~ f i ~ ; ' ; ~ ~3'~ ~ ; o~ the maturity date at my aew i.-~tcrest rate in subswntiaUY equal p~ymrnts. The resuJt of tha calculation is my new Full ~ Payment Amount. ~ My intenst rate shatl aever be grater than 18 ; 000 ........g~,. Each new interest rate will bocome tQ'octivt on ach I~terest Change Date. and each new FuA Payment Amount wip bocome effective on the 8rst moathly payment date aftar the I~terat Change Dste. . (B) R~red Fall P~yseat Arowt I~vill p~y the Full Paymrnt Amount as my monthly paymmt begianing with my 3hh monthly paymrnt unless I choose to liinit tbe amount of my monthly pa~yment ss pern~ittod by Soction 6(A) below. s. GRADUATED MONIHLY PAYMEI~Tis 1-36 . ; ~1iy Grst 12 monthlY P~Ym~,ts will esc6 be in che amow,t of U.S. 5.... 355 . 42...... On each ` ~ of tl~e first two anaiversaries of the date my first montbly payment is due, I aill begin paying a new monthly payment which will be equal to the amount I have ban paying multipliod by the nurnber 1.075. 1 wili pay the new amount of my monthly paya~ent until it changes in aooordancx with this Sectio~ S or Soctions 6 or 7 betow. 6. BORROWERS RIGHT 1~0 LIMIT AMOUNT OF REMAINING MONTNLY PAYMENTS (A) C~koladoe ot I.inIted Moathly Psyaeat Amouat Ualess Sections 6(C~ and 6(D) below will not pemtit me to do so, I may choose to limit the sraount of my new monthly pa~yment follow?ing the tlurd and each tater Inter+e.st C6ange Date to the amour~t I have paying multiplied by the number 1.075. If t cl~oo~e to 11aJt t6e moant of aer aoat~ly paymeat, I~ust gire t6e Note Holder aottce t6at I am doing ~ so at lant 1S days betore my 8rst aew wont6ly pymeet i~ due. ~ B) Addit~oas co My Usp~Id Pr~ncip.! Bslaece My monthly payment oould be less than the amount of th~ interest portion of a monthly payment which then would ~ be su~cient to repay my unpaid principal balance in full on the maturity date at my cnmeat interest rate in substantially equal p~ymrnts. If so, eacb moath thst the amount of my monthiy payment i~ less than the interest portion, t6e Note Holder will subtract the amouat of my monWly payment from the amount of the intenst portion and will add the F differenoe to my unpaid principal balance. The Note Holder wil! also add interest on the amount of this difference to my i unpaid princip~al b~slance each moath. The interest rate on the iaterest added to princip~! will be the rate required by ~ Sections 2 or 4(A) a6ove. ; (C9 Lia~it oa Uap~id Friucipai Balaoc~ Inerea~d Moet6ly Paymeat Amouat " ~ My unpaid principal balaaoe can never ra~ceed a maximum amount equal to one hundred twenty-5ve percent (12596) of the principsl a~aamt I originally bonowod. My paying a monthly payment calculatod under Soction 6(A) above could cause my unpaid princip~l balanoe to exooed that maximum amount. If so. on the date that mY payinB a monthly payment would canse me to ea~oeed that Wnit, I will instesd begin paying a new monthly paymeat uaW the next Interest Change Date. The new montlily payment will be in an amount which would be sufficieat to rep~?y my then unpaid principal balance in full on the maturity date at my cusrent interest rate in substantially equal payments. (D) Fiaal Mont6ly Paymeats Beginning with the first monthly payment after the last Change Date, I will pay the Full Payment Amount as my monthlY P~Y~t. 7. NQTICE OF CHANGES - T6e Note Holder will mail or deliver to me s notioe of any chauges in the amount of my montWy paymrat befon the effoctive date of aay change. The aoti~x will iaclude information requirod by law to be given me and also the title and telephone number of a person who will answer any que.stion I may have regarding the notice " # # B. CHARGES; LIENS ~ ; Uniform Coveaant 4 of the Sacurity Instrument is amendod to resd as follows: 4. C6arg~ I3e~. Borrower shall pay all taxes, assessments, and other charges, 6nes and impositions sttributable to tbe ~ Property which may attain a priority over this Socurity Instiument, and leasehold paymrnts or ground rents, if aay, in the . ; manner provided ~nder paragraph 2 heroof or, it' not gaid in such manner, by Bornnwer making p~yment, ahen due, ~ directly to the paya thueof. Borrower shall promptly furnish to Lender alt notices of amounts due under this paragraph. . and in the event Borrower shAll make p~ymeat diroctly, Borrowa shall promptly furnish to Lender roaipts evideacing ; such payments. Borrower sl~all P~PVY dixharge any liea which has priority over this Socurity Instrumwt; provided, i. tbat Borrower shall not be requirod to discharge any such lim so long as Borrower: (a) shall agra in writing w the ~ payment of the obligatioa securod by such liea in a manner $a~eptabk to Ltnder; (b) shall in good faith contest such lien by, or defead againat eaforama~t of such liai in, legal procaodings which in the opinion af Lender operate to greveni the j enfo~t of the lien or forfeiture of the Propaty or any part thereof; or (c) st~all socure from the holder of such lien an agreemeat in a form satisfactory to Lender subordinatiag s~h lien to this Socwity Instrument. . If Ltnder determines that all or any part of the Pmperty is subject to s liea which may attain a priority over this Socurity Instrumeat, I.mder ahatl send Bornowu notice idantifying such lieu. Borrower s6aU sati~y such lien or take oae or more of the actions set forth above within tea days of tbe giving of notice. G NOTICE Uniform Covenant 14 of the Security Inswmeat is amwded to read as follows: _ 14. Nobke. Exvept for any noti~x roquir~od uader appGcabk laa to be given in anotber manner, (a) any notioe to Bomower providod for in this Security Instrument shall be given by delivering it or by maiting it by first class mail addrasod w Borrower at tbe Property Addrass or at such other addresa a4 Borrower may designate by notive w I.ender as providod hetein, and (b) any notioe w L~a~der shaU be givea by &st class mail W I.ender's sddress stated her~in or to such otb~r addnss as Lender may designate by notia to Borrower as pr+avidod heran. Any noticx providod for iu this Security Instrument shall be doemed w bave baa given to Borrowu or I.eader when given in the muuier desigoatod hcrdn. D. UMFORM SEC[JRITY INSTRUMENT; GOYERNING LAW; SE;VERABILITY Uniform Covenant 1 S of the 3ecurity Instrument is amendod to resd as folbws: iS. U,~tor~ Secarity 1mtn,~en~ Co~ernlog I~w; Se~a~sbilit~. This form of Security Instrument co~mbines aniform . covenants for nationa! use and n~-uaifam ooveaanta wit6 limited variations by jwisdictioa w oonstitute a uniform sacurity instrument oovering real property. 7'his Secwity L~strumeat ahall be governod by federat 1aw and the Lw of the ~ GPR-PLAN A-1 9/83 b~~ ~ lpeg9 2 of 3 pa~es) ~ . ~ _ _ ;