|
�, `�::'�'�' �,�.� � �-�� .
<br /> "r �`������} r�yz x,y��,�"�'`y,F��e� jrr��r��!t�,��'++�e�'�} �r,�?�� -�._`" . .. , . .
<br /> � nf� ,,, � � f .�:y3,.
<br /> j -.....�Yt1J�yl1� • . . .. • , . ... . . . 'r,'.; .
<br /> � •'n:�i ; � . � • ..i� - �
<br /> � ..<.'� . ......... ..... . . . ._,.... j
<br /> i .
<br /> .
<br /> .
<br /> .
<br /> � .
<br /> _.. _ . . .
<br /> •� �.... - ... ..,_... . . . - ---_
<br /> �.__=•:..r-- _. .- _ _. .. ... ._._..,...A,....,.�..... . � _ __ _—_. _ - ,� -._•
<br /> _... ,_ , . �,.. .� -- .
<br /> x , _ . _.�...
<br /> , . .. �. --
<br /> --_.°6".�,".i..------------,_.�.__._.__..,_-_- .�-- •—__._,...�.__.� ��-
<br /> �:
<br /> , • • . • —:
<br /> c
<br /> . �
<br /> �
<br /> B_
<br /> �_
<br /> 98- ��sa�
<br /> ADNSTABLE RATE 1tIDER
<br /> (LIBORIndex•Rate Cepe) I(,�N N0.: 6290013659
<br /> T�S ADJUSfABLERAI'ERIDEFt is made thie 30th day of Se�temb�r, 1998 ,and Is
<br />: incorporated Into and shell be deemed to amend and suppleinent the Mortgage.Dead of Tcust or Security Deed
<br /> {�hc "SecurIty Instnuttent") of the same date �{ven by the iutdersigaed (the "Borrower")to secure Borrower's
<br />° AdjustablB Rate Note (the "Notey to MORC�iP INC.
<br />- (the "I.endcr")of the same date aod covering the property described in ttee Secudty Inauument and located at:
<br /> 1204 N. BFAL u�TRE�T, GFtE1I�ID I�.,l'.AI�ID, NE b8801
<br /> [Pmperiy Address]
<br />= T�E NQTE CONTAIrISPROVISIONS ALLOWINGFOR CHANGES IN THE II�ITEREST
<br /> RATE AND THE MONt'HLY PAYMENT. T�IIS NOR'E LIIVQTS TSE AMOUNT MY . �
<br /> INT�Y2iE3f RATE CAN CHAI+IGE AT ANY ONE 1YNIE AND TI�MAXIMfJM RAT�I
<br />. ,:.
<br /> MUST PAY.
<br /> ADAITIONAL COVENANT3. 1n addition w the covenents and agreements made in the Securlry
<br /> Iasaument. Barrower end Lender further covenant and asree as followa: �
<br /> A. II�ITERESP RATE AND MONTHI.Y PAYIVIENTCNANGE9
<br /> The Note provIdes for an iuitial Intcresi rate of 9.i08 �. '�1�c t�ts�tt.pravides tar c�aag�es izs -
<br /> the interest rate and the montWy paymeats, as follows: ,. ,
<br /> 4. II��BT RATE AND MON'�'H[.Y PAYMENTCHANGES .
<br /> , (A) .;,�'`t.�ange Dates
<br /> ' 'ihe iuterast rate i will pay may change on the 30th day of Ssptesnber, 2000 , .
<br /> and on that�day:every •g� montha thexeafte�r. F.ach date on wbich m�r 3ntemst rate caWd change
<br /> is cai2ed a'Cltange Date.'"' '. •: ' '.: '''•
<br /> (B) ,:•�..The Index"
<br /> Be�tuning with the tirst Chan�;e ��,my Int@1�t' rate will be basefl on ea Index. 'Ihe "ludex"is W`g�;'
<br /> average of fntetbank offered rates for six�mouth U.S.dollar-denominated deposits in the London aiarket
<br /> (°LIBOR"),as published in'Che Wa�l_St�f'�Lo al. 'fhe most recent Iudex figuce available as of the firSt
<br /> businc,gs day of the moath im�itatPlY p�bg �•�ponth in which the Chan�e Date axurs is ralied tt���
<br /> "Current Inde�c." �' � '� . .. •
<br /> if the Indeac is no longer available. the Note..Holder wiU choose a new'�iadex which is based upo��r�`
<br /> coraparable in�onnation. The Note Ho�d@r wlll give me aotice of this choice.
<br /> (� ,� •Celculatloa of Chaages'. .;', ,t�.:
<br /> Befote �each Qiange DaYe, ti�e ;Note Holder wIll calculate �ny new interest rate by adding � '
<br /> � nta e ints 96):w.the Gtirrent Iadex. 'i'be. �"r`.;',
<br /> iv�-��t�d 870 1000 1� S Po ( 5.87Q '
<br /> Noie Hol�er will then ro�,the�t of this addition to the nearest one ei�hth�og one percentage poiat ��-„� '_
<br /> . ,,.
<br /> MULTLSfATEADJUSfABLE RA'CE RIDER•LIBO�INDEX-Slo�le Bpmit9•FHId1lCU�form In�� Fdtm 3192 7/94�
<br /> . Pa=e 1 oP 3 ''E1C�I93A OZJ96
<br /> . , •::
<br /> �:�.
<br /> � ' .
<br />::
<br /> �
<br /> � - — — --^�------- __ _ .-.--..-.-..—_-_ -. —
<br />
|