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Home My WebLink About0917 anJ H ili add the diti'erence to my unpaid principal. The Note Holder will also add interesc an the amount of' thi~ diflerence co my unpaid principal each month. The interest rate on the interest added to principal will be the ra~e r~yuired hy Sertian 4( C) above. ( H) Limit on My Unpaid Principal; Increased Monlhly Payment My unpaid principal can never exceea a maximum amount equal to one hundred twenty-five percent ( 125~0) uf the principal amount 1 originally borrowed. My unpaid principal could exceed that maximum amount if I pay a L~mited Payment. If so, on the dace that my paying my Limiced Payment woutd cause me to exceed that limit, I will instead begin paying a new monthly payment u~til the next Change Date. The new monthly payment will be in an :?mount which would be suffi'icient to repay my then unpaid principal in full on the maturity date at my current interes~ rate in suhstantially equal payments. (1) Rcyuired Fu!! Ps,~mPnt Beginning wieh the first monthly payment after the final Change Date, I will pay the Full Payment as my m.~nthl}~ ~ayment. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER l!nifurm Covenant ! 7 of the Security Instrument is amended to read as follows: "Transfer of the Property or a Beneficial lnterest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a nawral person ) without Lender's prior written eonsent, Lender may, at its option, require immediate payment in full of ail •_~-*is ~rcured b}~ this Security Instrument. However, this option shall not be exercised by Lender if exercise is pn~hihited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if ( a) B.~rr.~wer causes ta be submitted to Lender information required by Lender to evaluate the intended transferee as if a new luan w•ere being made to the transferee; and ( b) Lender reasonably determines that Lender's security will not be impaired by the toan assumption and that the risk of a breach of any covenant or agreement in this Security In,trument is acceptable to Lender. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender may also require the transferee to sign an assumption agreernent that is arceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in chis Security lnstrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of l accelcra~ion. The notice shall provide a period of not less than 30 days from the da~e ~~~r 6s delivered or mailed wichin w-hich Borrower must pay all sums secured by this Securiry Instrument. If Borrower fails to pay these sums pric~r tu the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without turther notice or demand on Borrower. BY SIGNII~iG BELOVV, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Rate Rider. = ~ ~ C~~~~~ ` The rat e af i nt erest I am ( Seal ) ~ ' required to pay shall neverr chard A. McClatchy, J. -Eo~rower be increased or decreased' ' Q on any s i ng 1 e Change Dat e ( Seal ) , j by more t han t wo percent age Mar i anne G. M 1 at chy - ~~owe~ ~ points t 2.0@@)% from the ~ rate of interest I have been X ~ paying for the prECeding twelve moriths. My intQrest ~ rate al$o shall never be ~~6 greater than t17.250)%. A9'S7 ~ € ~ Interest prior to 6/ 1/85 s shall be chargQd on the FiL~:: ~ annount disbursed from the ROG=:; r~~ , . ST. ~t,°~ ~ disbursement date and shall ~ be billed monthly. Borrower ~ sh a 11 ma ke mont h 1 y payment s b~Q~i 06 ~ of interest on draws begin- s`' ning 12/ 1/84 and the first ; day of each month thereafter through and including 5/ 1l85. ~ ~ ~ ~ ~ ~ ~ . ° ~`^c^ ^ _ _ _ i , ~T~.....-. . , V i~.. ~ . 9u~iK 4~0 PaGt ~~6 E L . 1 - r ~ • - ~ ~~~f _ ~.E. ~ ~ ~ -