HomeMy WebLinkAbout0978 ~iIBIT "A" PAGE ~
Second year monthly p~yment amount w~ll be U. S. ~ 1, 211 , 75
Th~rd year rnUnthty payment amount wnll be U.S. S ' ' ~
Fourth year mOnthly payment amount will be U.S. ~ 1.40Q.33
Fifth year monthly payment amount w~ll be U.S. S 1,5Q5,36
Sixth year monthly payment amount will be U.S. S
Seventh year monthly payment amount wili be U.S. S
Eighth year monthfy payment amcunt will be U.S. S
Ninth year monthly payment amount w~!! ee U.S. S
7enth year rnonthly payment amount wiU be U. S. S
On ~r~~ 1~ ,19 a~ and on that day in ihat mc~r~th ~ach _ F~'E yca; s!hsreaf-
ter (the "MoMhly Payment Ad~ustment Date°), Borrowers monthly payment wilf also be reset. In resettirg the
monthly payment on those dates, the Lender w~ll determire the amount of the manthiy payment on the bas~s of the
fotlowing faci~rs:
(aj the outstanding principal balance, and
(b) the then current interest rate, and
(c) the remaining term of the loan.
The Lender will set the monthly payment at an amount which would be sufficient to pay the loan in full over ~ts
remaining term assuming the then current interest rate does not change. In addition, the Lender may increase the
Borrower's monthly payment at anytime the total of the amount of inierest cap~tatfzed as ~rovided above smce tne
beginning of the loan reaches S 33,000.00
C. Loan Charges
It could be that the loan secured by the Security lnstrument is subject to a law which sets maximum loan charges
and that law is interpreted so thai ihe inierest or oiher loan charges collected or to be collected in connection with
the loan would exceed permitted limits. If this is the case, then: (A) any such loan charge shall be reduced by the
amount necessary to reduce the charge to the permitted limit; and (B) any sums already colfected from Borrower
which exceeded permitted I~mits will be refunded to Borrower. Lender may choose to make this refund by reduc~ng
the principal owed ~nder the Note, or by making a~irect paymeni to 8orrower.
D. Prior Liens -
If Lerder determ+nes that a(I or any part of the sums secured by this Security Instrument ar2 subject to a lien which
has pnority over this Security Instrument, Lender may send Borrower a notice ident;fying that Iien. Borrower shail
promptly act with regard to ihat lien as provided in paragraph 4 of the Security instrument. or shatf promptly secure
an agreement in a form satisfaciory to Lender subordinating ;hat lien to this Secur~ty Instrument. I
8y srgning this Rider. Borrower agrees to a/l of the above. ~
'~VlT E S: ~ ~ , •
~ ~
~ ~
(Seal)
DEI~I' E. Ft~6`ITER 8orrower
(Seal)
Borrower
(Seal)
Borrower
~5eal)
Borrower
~
1
,
~
;
~
~
,
~
(:k ~~J P~~~ 9~~
$O~1K
~ = = . _ . ..[~~iCti~~ ,