Laserfiche WebLink
Sent 6y: FURL)&DONEGANi 9165657637; 1 /-Ue0-U3 11 :35AMi rage a/ u <br /> /te�rms <br /> the property by you, the lender is neyerlllelesSlikely to insist upon modification of the <br /> he instrument as a condition to permitting assumptionby the buyer. 'The lender will <br /> ulinly insist upon an increase in the interest rale if the prevai{ing interest rale at the tithe <br /> of the proposed sale of the property is higher than the interest rate of your promissory note. <br /> ARaljgg! Paymt nt. This means that your monthly payments are not large enough to pay off the <br /> loan, with interest, during the period for which the loan 1s written and that at the end of the loan <br /> period, you must pay the entire remaining balance in one payment. if you are unable to pay the <br /> balance and the remaining balance is a sizeable one, you should be concerned with the possible <br /> difficulty in refinancing the balance. If you cannot refinance or sell your property, or pay off the <br /> balloon payttlent, ynu will lusc your' property. <br /> A Prepayment Penal. This means that if you wish to pay off your loan in whole or in part before <br /> it is due, you must, in addition, pay a penalty. <br /> ALate Char e. This [neans that if you fail to snake your installment payment on or before a <br /> specified number of days after the due dale, ynu trust, in addition, pay a penalty. <br /> BEFORE SIGNING, YOU SHOULD READ AND THOROUGHLY UNDERSTAND <br /> ALL LOAN DOCUMENTS. <br /> PURCHASE MONEY HANDLING: The subdivider must impound all funds received from you <br /> in an escrow depository until legal title is delivered to you. (Refer to Business and Professions <br /> Code Sections 11013, and 11013.4(a)_l <br /> If the escrow has not closed on your lot within one (1) year of the date of escrow opening, you may <br /> request return of your deposit. <br /> GEOLOGIC CONDITIONS: 'I'HE UNIFORM BUILDING CODE, CHAPTER 70,PROVIDES <br /> FOR LOCAL BUILDING OFFICIALS TO EXERCISE PREVENTIVI3 MEASURES DURING <br /> GRADING TO ELIMINATE OR MINIMIZE: DAMAGE FROM GEOLOGIC HAZARDS SUCH <br /> AS LANDSLIDES, FAULT MOVEMENTS, EARTHQUAKE SHAKING, RAPID EROSION OR <br /> SUBSIDENCE. THIS SUBDIVISION IS LOCATED IN AN AREA WHERE SOME OF THESE <br /> HAZARDS MAY EXIST. SOME CALIFORNIA COUNTIES AND Cl'1'IES HAVE ADOPTED <br /> ORDINANCES THAT MAY OR MAY NOT BE AS EFI ECTIVE 1N THE CONTROL OF <br /> GRADING AND SITE PREPARATION. <br /> PURCHASERS MAY CONTACT' THE DEVELOPER, THE DEVIiLOP.1,R'S FNGINL•ER, THE <br /> ENGINEERING GEOLOGIST AND THE LOCAL. BUILDING OFFICIALS TO DETERMINE <br /> IF THE ABOVE-MENTIONED HAZARDS HAVE BEEN CONSIDERED AND IF 'THERE <br /> IIAS BEEN ADEQUATE COMPLIANCE WITH CIIAPTER 70 OR AN EQUIVALENT OR <br /> MORE STRINGENT GRADING ORDINANCE DURING THE CONSTRUCTION OFTHIS <br /> SUBDIVISION. <br /> WATER: Private water wells are the only source of water in this tract; you will he required to pay <br /> all costs to have a well installed on your lot. <br /> The subdivider's well driller has submitted the following information: <br /> Page S of 9 Pile No. 035343SA-F00 <br />