HomeMy WebLinkAbout0978 (F.) Noticc oP Changes
The Note Noider wili mail or deli~~er to me a notice btfi~re each Change Date. This notice will udvise me of:
(i) lhe new interest rate on my loan as of the Change Date;
(ii) the amount of my mo~thly paymcnt fallowing the Change Date~,
(iii) any additional matters which the Note }iolder is required to disclose; and
(iv) the title and telephone numbcr of a person who will anstivcr Any questions ! may have regarding the notice.
B. LOAN CHARGE~
It could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges and
that law is interpreted so that the interest or other loan charges collected or to be collected in connection with the loan would
exceed permitted limits. If ihis is the case, Ihen: (A) any such charge shall be reduced by the amount necessary to reduce
the charge to the permitted limit; and (B) any sums already coltected from Borrower which exceeded permitted limits will
b~ refunded to Borrower. L.ender may choose to make this refund by reducing the principa! owed under the Note or by making
a direct payment to Borrower.
C. PRIOR LiENS '
If lxnder determines that all or any part of the sums by this Security Instrument are subject tn a lien which has priority
over this Security Instrument, L,ender may senci Borrower a notice identifying that lien. Borrower shall promptly act with
~j regard to that lien as provided in paragraph 4 of the Security Instrument or shall promptly secure an agreement in a form
satisfactory to Lender subordinasing that lien to this Security Instrument.
D. TRANS~ER OF THE PROPERTY
,
; If there is a transfer of the Property subject to paragraph 17 of the Security instrument, I.ender may require (1) an in-
r crease in the current Note ~nterest rate, or (2) an increase in (or removal o~ the limit on the amount of any one interest rate
~ change (if ther~ is a limit), or (3) a change in the Base Index figure, or all of these, as a candition of I.ender's vraiving the
option to acce(erate as provided in paragraph 17.
F;. GOVERNING LAW ~
The Note and Security Instrument are to be construed and enforced in ~ccordance with the laws of the State of Florida
and the law and regulations of the United States of America. In the event of conflict betw~een Florida taw and the (aws and
regulations of the Unitecl States of America, then in such event the law and regutations of the United Sta[es of America shall go~~ern.
By signing this, Borrower agrees to ai! of the above.
.
. . t. . . EA )
Sam~el R. Peterkin, J. BorroK~er
' • y ~ d:~---
. . . . . (SEAL)
S 1ey R. Peterkin Borrawer
PRFPAR~D 8Y:
~~~~P,~as E. Gor,ano, Eso.
~ 16U0 S. Fcc;ral t~;~;y, StC. 240
y - Fart Pierce, FL 3345U
I - (3G5) 4~4•1U32
~ Revie?~~Ed By: ~3~~~r~
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