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Additional Informatioo� About This Loan <br /> �i <br /> .. � . <br /> Assum�tion Escrow Account <br /> 1f you sell or transfer this property to another person,your lender For now,your loan <br /> � will�allow,under certain conditions,this person to assume this � will have an esuow accounl(aisa called an"impound"or"trusP' <br /> loan on the original terms. account)to pay the property costs listed below.Without an escrow <br /> ❑ wiil not allow assumption of this loan on the original terms. account,you would pay them directly,possibly in one or two large <br /> payments a year.Your lender may be liable for penalties and interest <br /> Demand Feature for failing to make a payment. <br /> Yourloan <br /> 0. has a demand feature,which permits your lender to require early Escrow <br /> repiayment of the loan.You should review your note for detaiis. Escrowed sa,005.98 Estimated totai amount over year 1 ior <br /> � does not have a demand teature. Property Costs your escrowed property costs: <br /> over Year 1 <br /> �� Nomeowners Jrtsu2nce.Counry.P�Operty <br /> Late Payment <br /> If your��payment is mare than i5 days late,your lender will charge a late Tax <br /> fee of 4.000 peroenl ol the principa!and interest past due. <br /> Non-Escrowetl 50.00 Estimated total amount over year 1(oc <br /> Property Costs your non-escrowed property costs: <br /> Negatrve Amortization(Increase in.Loan Amount) over Year t <br /> Underlyour loan terms,you <br /> O are scheduled to make monthly payments that do not pay all ot the <br /> interest due that month.As a resuli,your loan amount wUl increase <br /> (negatively ainortize),and your loan amount will likely become larger You may have other properry costs. <br /> than your onginal loan amount.Increases in your loan amount lower ��;�;al Escrow 52,23a.ss A.cushion for tne escrowaccountyou <br /> the equity you have in thiS ptopefty. payment pay at Gosing.See SecGon G on page 2. <br /> ❑ m�ay have monthly payments that do nOt pay all of the interest due �onthly Escrow 5333.83 The amount included in your totai <br /> th'�t month.If you do,your loan amount w�l increase(negativefy payment montny payment. <br /> arrortize),and,as a result,your loan arttount may become Iarger <br /> th�an your original loan amount.Increases in your loan amount lower <br /> thii equity you have in this property. ❑ will not have an escrow account because O you declined it�your <br /> � d0 not have a negative amortization feature. lender does not require or oHer one.You must directly pay your <br /> property costs,such as taxes and homeowners insurance.Contact <br /> PaRi�21 Payments your lender to ask if your loan can have an escrow account. <br /> Your'lender . - ----. .---, • � <br /> O rr�ay accept payments lhat are less than the tutl amount due No Escrow � __ <br /> (partial payments)and apply them to your loan. Estimated Estimated tota�amount over year t You <br /> 0 rt�ay hofd them in a separate account until you pay the rest of the Properry Costs must pay these costs direGly,possibly <br /> payment,and'then apply the full payment to your(oan. over Year t in one or two large payments a year. <br /> I <br /> � does not accept any partial payments. Escrow waiver Fee <br /> If thi�loan is sold,your new lender may have a different poficy. <br /> Security Interest /n fhe future, <br /> You�re granting a security inlerest in Your property costs may change and,as a result,your escrow pay- <br /> the rqal property localed at:57i4 i9th Sheet,ZEPHYRNILLS,FL ment may change,You may be able to cancel your escrow account, <br /> 33542-4437 but if you do,you must pay your property costs directly.If you fai� <br /> to pay your property taxes,your state or local government may(1) <br /> impose fines and penalties or(2)place a tax lien on this property.If <br /> you fail to pay any oi your property costs,your tender may(1)add <br /> the amounts to your loan balance,(2)add an escrow account to your <br /> loan,or(3)require you to pay fo�praperty insurance that the tender <br /> You�nay lose this properiy if you do not make your payments or buys on your behalf,which likely would cost more and provide fewer <br /> salisfy other obligations for this loan, be�efits than what you could buy on your own. <br /> K�� �� �� <br /> CLOSING DISCLOSURE P0.GE 4 OF 5 •LOAN ID t10002842870-40 <br /> Wo ters Kluwer Financial Services 2016090715.1.1.3176-N20151124Y 0002842870 03/2D16 <br />