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HomeMy WebLinkAbout0941 ~ ~~3rc:t?1(~ _ . : ~~t~: ~ . ~i . , , ~ ` l".OAPI 'N0.-'22U'~1~720 ~ . . ~A~S~ABL~ ~tdTE ~R~~ . , ~_a,, . , . f,.Ye~r ~'~e~sury l~dex=»R~t~`Cspsl , _ , • T~iS-A~ST1\~~.~`~tA~`$~~~'"is madc`~his - $'~1 day"of ` M~4~ ~~"19'~~ ~ an~`is : : ~ inc ~ . ~ ~ „~ni g~d' ~k , ~ ~~8aa~; 6 ~ ~'~'cd ~i ~ ~ ~ ecd~r~ ~~`s~~ _ ~ u~it e . a ~ 6~C~~~d~~ : ~ Y Uce ~`~~Ch ~ , "Sccurliy~l~3~~i' ' _ . ~ ~ o - c "~lole o ~ 4 tb` ~I l~f 'S. A~~ 'c . Ratc'~V~tc~~li'~ ~ ''`~~C° ~ . , ~ > ~ ~ . ~ ° ~ ~ , , ~ . y thc l:c~dcr ' . . ~ ~ r i~i.~i `~~'i~e~``ic ~n8 ~4Vl~'tr~~`th~~cfi~i dcs~iibc~ in ' ihc° Scc`1~~iy' los~~~i~`ncnt ~it'~''lOc~ted `~i: _ .~I`o~~`~°"A`~ " • ~ '~1~~3~° ~~T ~l-~I~A° "~3~~~~ . ~~~~oa~~`y ~a~~~~ _ ~ ~,<z ,R . a ~ ' ~ • T~. "~N~.~~O,~~N~ PI~VI~IONS A~~;OWINQ R CHI~lQES IN~H~INTE~tEST RAYE AN HE MON Hl,'S~PAYMENT THE' N TE IIMIT3 ~?HE AMOUNT eTHE ~RROWER'S ' r_~,. , . , t.'. . ~y _b. ~ r ~°°4~~.~- . - l~'I'ER~ST RATE CAN CHA~'~,tE~~1~'1'~~1~lY ONE'~TIME A~lD T~(~`MAXIMUM RA ~ THE ROR- ,..t, - ; "ROWER MUST'PA~Y~. - . ~A'~~"~~4~0~'~"~t~'is In a~diiib'~'t~ih~ c~ivcna~t~ ~ndWagrtemcr~t~'~`e'd~h"~Secu°~iiq~l~!"t~`~t; B~bw'~r ~ aod~Lende~~"f1i~h'~°~'co`vena' ntt ai~`d`agree as~~f~IbVvs: . A. - 1NTERE$T:RATE~'AND'MOI~THI.Y'~'AY~16~'I'~NAi~G~S ~ . - y ; : _ , , Thc~ ocb`!~'"~f'd~fi"fd~~'~1~ili~il'~~t~'~e~~"tt~'rC~f ,~"'8~5`` ~Th'~1~`~iti~d~fdY`~,`h~it`ge~'~~i~hC~i~~`~~'s~T~act~i"id~~ie ~ t mon'thly~pa~~nts;`~s fO~lows: • _ i . ~1. IN'T~~EST#RATE~X~ N~ONTNLY~PAYI'V~E~fT~~Hi?~GEfi~ ~ ( A r Changt `Dates ' . " : ~ . - - . . . : ~li~~tnt~"~~t ~~f~`1 ~i'll~pay i~tay~chan e oit t ev~r ~l•2ih'°moritli ~h~~e~ft~r. E~~h''~tl~ite'd~xwhihe fit~`t~'d~y'df FE~~'~~f ,~1"9~~ and b~~lh°aC'da'y ~ Y": § ~ " ch~riy?il~t~~t~i~`f~te~tSi~fd*~li~ngc~'ys~eall`~-a ~`Cti~"i$e#D$`~`e:" . _ B TIHF~ i~dex . ` I Begi~niit~~Vtik'tFi~ fil~~t'"Ch~ng~'b`~`ei'~t~Y~it~re~l~f~it~ 4vill tie baseda7~'~"i~~`IAdex. ``;'1`lie~"i~idtz" is the weekly~v~~age : _ yield`o~'"Urlite~St~tes ~'Treasu si~b`~tilies ~d'u3ted~io a`t~r13C~ill=~ri3~t' "~~'~1~ " ~ ,~`Y 1 , ~ ye~°r, as made available by~ih~ F~'d~r~l Resorvc ~"rd. -'Tht~~to3t~fEctnl~litdez~ 6gure available as`bf~hi~d~Y~45~`d~ys~btf~~b each~~tiangc~D$te ~s'CdIICd~NC "c~Y~er~t~i~idez." _ ~ g. ' pfi ~ informraUon'n ~i'fie~Vbte~H~(`d"ti`' will °giveiht~~tc~N~ide~ t~~il~~~NC~ose'a new i~dex wh~N~'is~ba3td ~pti~~'Eb~ri"~fita~~le ~ me"'n8tice'~ofrl~is ~cAt3icc ~ i . . _ ~ ~~~~`Cal.cula`tio~"1`0~ Changes . . , _ ~ B~tdit oach`Ch~ngE'D~te. the°plVote~oldt~ wi~l~calculate myinew i~terest r`att'by ad'~ding th~~e and ~'one- qu~t~r rce~ta e Int~g 3;25 ib Y ge ~ r~nt~l~d~x. ~1'hc~F1~i~H~ider w~ll tlic~l ro~n~~~the ~ 8 "i~ Y ~ . . res~lt'I~I~Chis adc~~Ptt~"t~Fi~`'~ie~rest`onejei "hth¢~f'7tlr i~~e'~ta e` ir~t~Orl 23~ ~ ` ~6).`°~ubje~t~t"~ tti~ liiti~its ~tated'iii`Se~"tion - ' ~ 4(D)~~iel~w;-.thiss~d~d'a~b~t will`tie''fny'new intertst~r~te.unlil~ht nExi~Ch~nge~b~te. . ~ ~i ~ ` h'~t ~WO~i~d !st`s`uf~i~tent `t~~te the . a~y~ un dher nti~~~h~l I a~ ex~~c ed t~owe at~th ~~hnbe~D~ie r1"7u11 ona he m~ ' - . xa: ~ Pa P pa ~ P~ 8 ~til~"'d~Ce'~t my'newvinte~esl'~~fate in substantially`:Equal#`payirit~ts: The`~~esu1C ofr'this calculatio~5 will be the new amoun't`=oPmywiii~2liithlj?'"paymcnt. t , D '~imit~ ~i~i~[~terest`~R~te'Changes . ~fi p~Y~. ~ T6 ~5 r~t~ sf'h re~ftet~m~~~irll~fC3~h~Rf~t CNangr'~~ite will~'~it~'b~'~fc~t~~th`~n `10;~1-5 9foor les~'than y t"~~t~ will nev'"tr tie i~~t~a~~"ti=a'~'det~tased°oln ~ny_~i~ngt~'~h~gr~bat~~b~tYf6tc _ ~ _ _ - - - tliar~~two~'~~erli~ge~po~nts~(~:O~j°i'r6r~ ~l~e ~~te~df~~iC2`~Zti"i havr btEf~~~$~frn"lhe~~tEceding~twtive m~~ths. .~ly interest~"r~te wi l) never` bt `greater~than ° 1 4; 25 96. - . £titiltve`bite o~~Changes - - . ' B~ M~e~?v'inttrest`~'~tf2 wilibe~8~~~d ti~t`~1"ii"ea"cFi~Change ly`~te. I will`pay lk~`~in~u~tt'df rrly new mor~lNly pay~ttent . be in~i Sb~~h~°Btst'~or~fhi = ~ 2ite~2~fter tht'CK~`nge~D~tt~'Ghtil ihc arrio~"~itfitSf'`Aty~frlor?thly#p~~q~ii~~lt~h~nges aga~n. „ _ . . - ~Vo~ilce bf~~~'ll~dtlivet'~t'mail"ti~'~t~x'no11~e'bfanycha~~igc~q~i~fe~est rateahd~hea~ti'i~'~i1~C'f~ ~i~thl ~ The Note-H~ild- n~~ , ~ S'~ Y paYm~'it~btff~t'~`~~ ~~'~~iivL~d~te'~f any~ch~nge. 'ifhe ii~tic~'~II~i~Clc~d`E ii~fb~~iitatraii'~`~ by Iav~1~C~'tit'givtn'me and . also`tht*titl~`~~d tZl~pti ne ~u `~i~~of a:~' tr3o~f' i~li~ will answtr°~~i~p qutsuon 1°rt~a ~ha~vc~rcgard~ng~`ihe'ifblicc. ~ B. ~'~tA~SPEit~~'~~~~~Y~aR A~~EtVE'~C~i~L~~l~l~'E:It~'r"CN ~~bWEk _ . Unifd~'hi~~over~arnt 17`b~'~fi~`Stc,~~l~rtty ins1~U~'n~°~it is ani~nded'~b~te~d `at fo'flows: ~ ~`ran3t~~~~i"'fl~i'~"o~t~`~'r~~' Bcri"eHci~~l~it~"~tit ii~ B~i~ov~lr. vifall ~r ariy pa~l'Of th~I'rt~pc~ly br ~ny intCrest'ili`~i'~s ~ . _....o sold or~`C~ftf~"~d~(~fT~~~f a bentficial interest in Bd~`'~ower is sc~id ~~tran'sferred and``B~owe~ 13 11'bl e' ill~tl~fAl'(1~f~O(i~ O . W h ~ b~ h~Sec~i~t~` t~r~~'~tte`~e~~r,~this o~ii~n shall rri~fts~'~~~7rc~ cd by~de~`if exerc e i~~~t`b~tililt~d`b~fede ~I I~ ' ~ Y~ ~ ' ~ ~i ` causc~v.~g~ ~ as of the datt ~f~'his S~~t]rttt Insl~`t~e~~t. Lend~r also~shall'~~t cxcrcise this a~t~~if.'~(a) ~ow~ow~~r : U I ~tot he~ t a~n3fe~ e~andr b)~ lieride~^r e~asona lyn'~i~t~i~i~i e~s tFiath Le ~~~d`e~! t~'~n~f~ree as if a new foah were`being maide ~ nd~'r s se~tnrl~y-wi11 tlbt ° be im~~i~'t~: b~'~he loan ~ ` ~ assur?iptia~t'a~ld~th'~t~the~risk 6f a breach bf anyrcavenant or agrcement~in~lhis45ecurity~ln"s~t`tii~n~nt'~is a~ceplable`to ~ ~ ~ Le~tder. ~ ~ •To the axtent°p~r~nitltdby a'pplicable law. Ltnd!'~`r"ha~~°eh~tgc~a~reasonablc~fet as a~t~i~di~io~'t~"L~'I"der'rconser~t'1o ~ ihe loan a~fumption.~~Lendtr m~y also~r~t~~~e~~Me tra`nsferce-`to~si~n;an assumj?No~~~~cem~nt~lh~l`is a~cepi~ble`ro ~s K Le~dei `gnd'ili~t obligatesdth2lransferet ro~keep ~If the°"~1~es and a$~te~'nt~ir~ "r~l`3`d~ i~1'i1t~aNu~e ~na ~n~in~~ ser~r~~y i If15~t~lftltfll.'' ~OffOWtt WIII'tOlill~U~.'`[~`~'.''"B~IIi~~IEd `11~5t~~1~MC`•NA[C'~ff`d~~his 5ectntty-l~t's~iti~rit unless Lende~'reltases : ` - ' Bb"~rowtr i~ u~tiCPng. . ~ . , . , , ~ ~ ! . MIIA.T13t1~1'E Ab.lUSYABLE f~1E R~ER-yARM b~2-y-S~ngte Famay-%F~ t~Aa~~f1~N Mse UM(Orm Ma1nHn~M ~Fotm C~f~% . ` , , ~ ~ ~ •822A 18y11~ VMP MORiG~GC tCi1kRS • t3t3~~s~ e~oe' • ~eoo•s~~a~9~ . ~ y ; . a ~ •r..~s'ca.ae . . aysC.4: : . __~-..sK,.;.s~