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HomeMy WebLinkAbout0960 ~ ~ ' i ~ ~ ' . ~ ' h:?lancc a. c~f 1t~r li~trrest Ct~:in~r 1):itr in f~~ll ~in thc u~aturity ~1~~tr ;?t ~~iy nr~+~ r,~lr uf intrr~;l ii~ ~.uhtit:u?ti:~ll~• c~~u;~l ~ ~~a~~mrn~~.'I~h~• ~r.utt uf this r:~irulati~~n i: my nr~~ (~ull {'ay~iiici~t ~\m~?uiil. ~ ~ ~ t:aeh n~~v ra~c ~~f intrrest ~~•iif bec~~mr rllirii~r i~n zach Intcrc~t C'h,~ng~ I~:~te. ,?uil r:irh ~irw Full 1'.?yi~~rn1 Anwun~ ~~~ill h~~~urnrctlc~~i~ron thc fir~t mu~~lhly ~~a1'mcnt il:ilc aflif (IlC IntrrC~l Cllt~n~;~ I)at~~. r (li) Rcqu3rcd Full f'a~~mcnt Amount - " ~ € (~~~ill ~a~~ tht t~ul) Y~ym~nt ~\muunt m~• ~nnnllily ~~:iymrnt hr~;iiiiiing ~~•ith ~i~y 61st ni.+nlhly ~~ay~n~~nt if in~ nr~~ ~ r;itr ~~f ii~trr~st i~ cqtr,~) tc? ~~r Icss than thr I~iilial Ralr of In~rnlt ur if 1 d~~ m,t ch~x,.r t~~ lin~it thc amuunt c~f ii~}~ muiilhl~ : ~,a~•nunl :iti ncrmittrd hy Sertiun b(A) h~lu~~~. f:vr~t il~ 1 ch~un~ lo lii~~il my nu~i~thly ~xi}~mrn1. t~~•il! ~~ay th~ I~ull I':i~•nirnt ; AlliUlllll I)l'~'llllllllb N'{lIl I11Y IZ ISI I11UI11IlI)• ~~a~~mriit_ ' ' ; . 5; (:RAI)UA"I'P:!) AION1'HI.Y 1'AY11h:li~I:S 1-60 ' - i . Mp lirst 12 mc~i~thly rapmcnl~ ~~~ili ~arh hr i~i tl~r amount ut'U.S. a63.34 c m~~:~rl~ C ~~I' Ihr lir;l luur aitni~•crsarirr of ~hc da~r nt)~ lirst nu~nlhl}' ~~ayntcnt is ~luc. I~~•ill 6egin ~,tyi~~g a nr~~• ~iwnthl~ ~~:ilmri~l ~vhirh ~~ill be ryua! 1~~ thr amount 1 t~,ivr brra ~~;~~~inb ~iu~l:irlic~l hy tl~r iiumlkr 1.075. 1 K•ill ~~.i~• thr nr~ti~ aiiu~unt uf m>' i it~u~ithl~~ ~aymri~l unti~ it rhangrs in ar~orcl:~nrc ~~~ith this S~tition•5 ur Sr.•tiuns b~~r 7 t?~I~~u~, f . ~ 6. 13ORR(31~'}~:R'S RIGH'I' TO l.[~tl'f' A~tOU~7' OF ~tU1i1'IILI' PA1'~fE~:7:S 61-12(1 : - lAl Calculation of Cruduiticd ~tonthl~• 1'a~•mcnt Amuunt ' ~ ~ If my nen• rate of interest ut thc fint Inlrr~~l Ch.~ngr I~atc i~: grc~;itrr ~h;in th~ li~iti:il R;~~r of Inlr:rti~. ! n:::~: '.:r.~~.r ~n ~ ~ limit thc,un~~unt ~~I'm}~ new munlhly~ paynunt. 11' 1 ~lo so. oii rarh ~~I'Ihe Slh thrc~ugh 91h anni~~er.ari~. ~~t'thr ~i.~~r n~~~ tir~t ~ munlhh~ raymri~t i~ du~, I H~ill bcgin rayiiig a~~r~; nu~nthly raymcnt ~~•l~irh ~~~ill hr rc~ual tu th~ amciu,~~ I ha~r hrcn ~~u~'ing ~ muUirlir~l hy Ihr numtkr 1.07$. Ii~•c~~ il~ 1 h~~~~r rhuscn lu limit my ni~~nihl}~ ~,.~yn~enl. Srcticmc 6(li) ~tir 6(C) h~l~~~+ ma~ ~ ; rryuire mr lu ra~• a~iiRcrcnl anxiunt. ( H~il) gi~•~ thr Note Hul~l~r noticc that I ha~r rhi,~~n t~~ I~rnit m~' numll~l~~ {~:~~~n~~n1, _ at Irast IS d:~~~. n<<<~~~ ~~,y~ 61st nionlhly ~a}~mrn1 is dur. ~ ~ (li) Reduced ~lonthly 1'ayment Amount M~~ 7ird. ti5th. ~71h i~r 1091h graduatc~i niunthly ra~~mcnt r.:lrulatr~i un<Icr Sr~lita~ 6(A1 .~h~~~r r~,i:li1 hr ~;rru~rr ~han thranu~unl ~~fa monthl~• pay~m~nl «•hirh thrn ~~~oul~1 tx stiflirirnt to re~~aS~ my unr:~~~i r,~~~~~~~,:~! bal;in;r in fiill an thr m:?~urih• ~I:~tr at m~• rurrrnt r:?tc iif intrre.t in substantiully cyua) paymrnts. It'su, I w•ill in~lr.~~l ~hcn hr~;in ~~a~in~ a n~~~ in~,ntl?1~~ ~,:~~•nunt. ~chirh H~ill tx cyual to thc Ic»~r amuunt. unlil my 121.~ moa~thly ~,:~y~~,~~~~~ Ht~~~~ ~~~~~n n~Ecin ~,a}•inr m~~ nru~ I~ull 1'a~mdnl Antnunt. (C') Incrcascd ~timthl~~ Pa}~mcnt Amount _ - ~ \t~~ ra}ing a tni,nthl~• E~a}m~ut cal~ul:~lc~i undr~ Sr~liun 6(r~~ .1b~~~<«~ul~l rausr ~iiy un~~:?;~f~~rin~i~~:~l 1?al:u~~~ lu r~~r~~ 11~~ limi! ~tatr~i in Scrliun !i (13) hrli~~~~. If u~, un ihr ~t:~l~ Ihal my ~~a~in~; a tu~mlhl~ ra~n~rnt ~~~,ul~l ~aii.r n?~ ti~ ~ r~re<<I ~hat (iniil. 1\4'III Iilill'~lI hl~ltl rayiii~ a nra~ i»oE~lhly r;~~•mrnt. "This ~icw~ m~mthly ~ ayn~~nt ~~•ill hr ii~ :in an~~,unt ! +~hi~h ~~~~,util he sullirirnt to rr~~.i~~ m}' Ihcn un~r.~icl rrinri~,:~l hal:~nrc in (ulf ~m thr m:iturii~ ~1:~tr :~i n~~ iunrni i:~tr ~~t' i~~lrrrst in.~uhstai~tiafly' cc;u.~) pa~~ment~. !intil m~• I?lst tt~onthly ~ay~mcnt a~hrn 1 will hcgin ~a~~ing m~~ nt~~ 1=u11 I':i~mriit ~ Anlt~t?nL - ~ 7. ~iONTNt.i' PA1'~1F:ti7' !21 ANf) RI~.~frU1'[\C PAY~ti-:\'TS ~ lir~;inr~ing ~~~ith my izl,t monlhly ~~:i~~mrnt. I~~•ili ray thc I~ull Y.i~~mr~~t Anwunt a. n~y rnunthl~- t~a~iti~rnt_ :t !t. t\l.Ri~:ASIsS !N "1'Elk PRit\CIPAI. A~4(~l9NC TO 13F. }'All3 . - - ~ - (A1 Additinns tu 11; Unpaid Yrincipal liulancc ~ I:arh uf m~• tint 12O monihly raymrnts cuuld he less th:u~ tl~e :~nu,ui~l ~~I'thr i~iterest ~x~rtin~i c~f a numthl~ ~~:i}incnl ~~hirh ~hen ai~:i1J be sutTirienl tu rriiay rt~}' tinr.iid ~?rinripal h:~lance in full r.n tltr m:ilurit~• ~latr :~t n»~ rurrcnt r:ii~• ~~I ' _ iitit~rr~t in ~ub~t:~nliall~• cyu.~! P.iymcnt~. ll ~a~h munth Ih:i~ Inc:?m~~iint ul~ni~~ in~~~ithly {~.i~nsent i.l~.. ti~:,n thr i~~i~z.•.! Ex~rtiun. the Notr l~older w•ill subtracl thr .~nu?unt ~,f my numlhlt ~:~~~mri~t fr~~ni ~hc am~~unt ~,f thc inter~~t ~~jrt:f:~i :~sid - -~~•ill aclcl th~ difTcrrncc lo mv iu~~aid prinri~al halanrc. The I~'~~tc tl~~lclrr ~~~ill :il~~~ add intcr~'.t «ri thr ani~?s~nt_~~t thi~ . clil~crcn~e ii~t~ unraid ~rinrip,il ba~ancr c:irh m~~nth_ T!?c ratr c~f intrrr~t un lhr inlcrc.t :id~lr~1 t~~ rrin~ i~,:i! ~~•i!1 hr ~ lir rc~tt ~ rci~uircJ hy Scctiotts 2 or ~(A) atx~~~r. ' (13) I.imit on 4lnn;~i~i l~rincioa~l 13s1lancc ` ~'l~• ui~~aid prineir:?I balancc ran ncr~r c~rrc~1 a m:~ximum am~~unt ryu:~l 1<?c?izc hun~ire~i ~~~~~n1~~-ti~r ~rrr~~nt ~ 1'~`~: 1 ; , - „f Ihr rrinripal amoui~t i~ti~ iginall~• bc~rro~~•rd. . 9. ~U17CF vI~ CIIA.NC~;S . ` . ; Th~ Notr llolder w~ill mail urdcli~•cr tu m~ a ni~ti~c~~fan~• changcs i~~ thr:tcnuunl ~~tmy~ nwnthlj' ~~:~~~mrnt h~ti,r~ ~hr z ; rtlc~li~~~ ~lalr c~f any ch~ngc. Thc ncilirc will .inrludr infi?rnr.~liim rc~~uirrc! h~~ la~~~ tx gi~~n mc an~l :il.,, thr ~;~lr an~1 - j ~~Irrh~mr numtkr c~f a ~~ersi,n wfiu ~~•ill at~;~crr an~• qur~lion 1 ma}• ha~~r rc~:~rcling ~hc nntirc." - . [3. CiiAR(.'ES; I.IFNS ~ - ~i111C lflil Cl)L'tllilll~ 4 O{~~IIC SCl'Uf1I}' Il15IfU(I1CIi1 1~ amrndcd Iu reacl rsz fi~llu~s~: - ~ 4. Char~cs; t.iens. [3orrow•cr ~hall ra~-;ill ta~rs, asks~mctits. anJ olhcrrhargr~. finc~.i~z~i imFx~ili~iii~ at~rihutahlr ir thr - I'ro~xrt~~ ~~~hirh may~ attain a rric?rit~• o~•.r this Srcurity Instrumenl. ~nd Iratich~~lei ~a~~ment. ~~r gr~iunJ renl~. if.u~~. in thr mannrr rro~~ided under paragr,~ph 2 hercuf or, if not raid in surh man~ecr. hy B~rro~-.•er making ~a~~mrrit. ~rf~cn'elu~. dircctly to thc ray~cc thereaf-. f3c~rro~~•er shall ~rorn~ll~~ furn6sh tu 1_rn~cr all nutire~ i~Eamuun~s ~iuc und~r thi. rar;~~r.s~,h, and i~i thc c~~ent Isorro~tier shall niakc p.~ymrni direc~ly. t3~~rr~i~••cr ~hafl rr<im~,tl}° iun~ish tc~ Lrnclrr rc~rirt. c~i~irnrin~; . s suLh ra~tnenls. BorroH•er shall p~omptl~• ~lisrh:~r~r any licn whirh has ~riorily ovrr thi. S~rurity Imtrum~nt: pru~;~l~cl. tha~ t3~~rrs?v?•er shall not be ~equired to ditch2~ge anp xuch lic~~ sii iong as l3~~rr~~H~cr. (al shall agrec in ~~~ri~in~: tu th~ . pa~~men: of Ihe obligation sc~:ured by surh lien in m~nner .~rre~+tablr Io Lender: (h) shatl in Fcx~ f:~ith c~m!etit ~urh lirn # b~•, ar defend against enforcement of surh lien in, legal ~rcxceclings w~hirh in thc ~~rinion of Lcn~cr nJ~•r:?a~ tc~ ~~r<<~cnt ~hr ~ ~ rnfi?rrrmrnt of thr licn iu forfciiurc o~thr PmExr1}~ or an}• part tlicrri?f; ~~r (r) shall s~~ure tmm ~hn c~+l:irr ni~.u.h tirn•:ui agreemcnt in a furni satisfa~tory to Lender suburdinaling such lien tc~ Ihis Srrurii~• ln~trumenl_ !f Lcndcr dctcrminc~ that ail or any rart uf thc I'rii~xrty is subj~tit to a lien hich ~i~a~~ allaiiti ~~ri~~ri~}~ o~rr ~hi. 5c.•urit~~ ~ ~ ~ Instrum~:n1, Lendc~ shall send f3orrow•cr no~icc iclcntif~~in~; surh lirn. 13~~rrc~~~~rr shall satisfy surh licn ~,r takr ~,nr ur murc i,f ' thr acti~ms ki fi~rth atxn'e Kilhin tea da)s uf the gi~~ing ~~f nuli~c. t. c. ~o•ric~; Re•Recai goo~3~ P~ o~ . Unifi~cm Ca~~rn.~nt 1-~ c?f the Scrurity I~i~trumrnt iti-amcndrd to rc.+d a. fs~ll~~~~~~: a~~~ . - _ - ' ~ - _ z-_.-- _ -