= | [G/US-FannieMae-SingleFamilyNote-CmA/Form/00_FixedRate.md] | |
Parameters for One Year | = | - |
X_Year | = | 1 Year |
xth_month | = | 12th month |
x_year | = | one year |
x_months | = | 12 months |
Other Text | = | - |
Note.Title | = | ADJUSTABLE RATE NOTE |
Note.Legend | = | ({X_Year} Treasury Index -- Rate Caps) THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT MY INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE I MUST PAY. |
Interest.2.tx | = | The interest rate I will pay will change in accordance with Section 4 of this Note. The interest rate required by this Section 2 and Section 4 of this Note is the rate I will pay both before and after any default described in Section {7(B)} of this Note. |
Pay.Month.Day | = | first |
PayVary.Sec | = | {Pay.Sec} |
Pay.Sec | = | {Pay.Title} |
Pay.B.Title | = | Amount of Initial Monthly Payments |
Pay.B.1.tx | = | Each of my initial monthly payments will be in the amount of U.S. {Pay.Month.$}. This amount may change. |
Pay.C.Sec | = | {Pay.C.Title} {Pay.C.1.tx} |
Pay.C.Title | = | Monthly Payment Changes |
Pay.C.1.tx | = | Changes in my monthly payment will reflect changes in the unpaid principal of my loan and in the interest rate that I must pay. The Note Holder will determine my new interest rate and the changed amount of my monthly payment in accordance with Section 4 of this Note. |
Prepay.2.2.tx | = | If I make a partial Prepayment, there will be no changes in the dates of my monthly payment unless the Note Holder agrees in writing to those changes. My partial Prepayment may reduce the amount of my monthly payments after the first Change Date following my partial Prepayment. However, any reduction due to my partial Prepayment may be offset by an interest rate increase. |
Secure.A.tx | = | {00.Secure.A.tx} |
5-2.Secure.A.1.tx | = | Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Security Instrument 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 agreement that is acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless Lender releases Borrower in writing. |
Variable.Sec | = | INTEREST RATE AND MONTHLY PAYMENT CHANGES
|
4(D) | = | 4.4 |
7(B) | = | 7.2 |
Note class='definedterm'>Note | = | In the section on Uniform Secured Note, there is a textual variation between the fixed and the adjustable rate notes. |
exercises this option | = | exercises the option to require immediate payment in full |
5-1 / 5-2 | = | - |
Variable.Annual.Max.per% | = | Variable.Annual.Max.per% Select:
|
5-1.Variable.Annual.Max.per% | = | one percentage point (1.0%) |
5-2 class='definedterm'>5-2 | = | - |
5-2.Variable.Annual.Max.per% | = | two percentage points (2.0%) |