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201505000
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Last modified
7/21/2017 3:10:59 AM
Creation date
7/23/2015 2:00:17 PM
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DEEDS
Inst Number
201505000
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��15�5DUU <br /> dis�u�sement was made, regardless of�he actual date o�any disburs�ment. The arnount se�ured <br /> hy this Security Instrument shal!inc[ude a[I direct payments by Lender�o Barrawer and af!ather loan <br /> ad�ances permi�ted by #his Sacurity [ns�rument far any purpose. ThEs lien priority shall app�y <br /> nofwithstanding any Sta#� constitution, !aw or reguia�ion, exce�t�hat this lien priority shall not a�fect <br /> the priflrity�f any Iiens far unpaid 5ta�e or local governmen�a!unit special assessments o�-taxes. <br /> lf Lender invokes fihe power af sa{e, Lender shali gi�e notice ❑f sale to Borrawer in �he manner <br /> pro�ided in Paragraph 1 S. Lender shail publish and post the natice af sai�,and fihe Praperty shali be <br /> sold �n the manner prescribed by applicable �aw. Lender vr its design�e may purchase the Prvper�y <br /> at any sale. The proceeds o�th� $ale shal! be applied in fihe fol�awing order: {a}�o all expenses of <br /> �he sa�e, inc�uding, but not limi�ed to, reasonable attorney's fees; �b} �a a�1 sums secured by this <br /> 5e�urity lnstrumen�t;and�c}any ex�ess tv th�person �r persons iegaljy en#i��ed�o�t. <br /> �6. Adjustah�e Rate Featur�. Under�he Note, the initial stated interest rate of 4.�'�'!°Io which accru�s <br /> on the Pr�ncipal Balance �"�nitial lnterest Ra�e"}�s subjec�to change, as described befaw.UVhen the <br /> �nferest rate changes,the neuv ad�usted interes�ra�e wilf b�applied fo the tatal outstand�ng Principal <br /> Satance. Each adjus�ment ta the in�erest�at�vuil�be based upon the interbank offered rates for one <br /> month U.S. dallar-denaminated deposits in the London mark�t�"LIB�R"}, as published ❑n#ha firs� <br /> business day of each week in the"Mvney Ra�es" sec�ion of The Wa�!S�ree�Jaurna!("lndex"} p�us a <br /> margin. 1f�th� lndex is no longer available, Lend�r will use as a new �nd�x any Endex presGribed �y <br /> �he Secr�tary.Lender w�ll gi�e Borrawer notice of the new lndex. <br /> Lender wiil perform the calcu�ations described be[ow ta determine #he new adjusted in�eres� rate. <br /> The in�erest rate may change on the f rs� day of 5eptember, 28'�5, and on �� �hat day o� each <br /> suGceeding yea�r�X]the f rst day af each suc�eed�ng mon�h �"Change Da�e"y until th�lvan is paid in <br /> �ull. <br /> The �alue of th� �ndex will be determine�, using the mos# recenf lndex figure a�aila�le th�rty �3�� <br /> days b��are the Change Dat��"Curr�n�lndex"}. Before each Ch�nge Da�e,the new interest ra�e will <br /> be calcul�ted �y adding a margin to the �urren� lndex. The sum a��he margin plus the Curren# <br /> index will be called the �"Calculated ln#erest Ra�e"}for each Change Da��. The Ca�cula#ed ln�erest <br /> Rate vuil� be campared ta �he �nterest rat� in effec� immediate�y prior to the curren� Change Da�e <br /> �"�he Ex�s�ing lnteresf Ra�e"}. <br /> C 3 �►nnual�y Adjusting Variahle Rate Feature The Caiculated ln�eres� Rate cannot be ma�e than <br /> �.�°/� higher vr lower#han the Existing lnferes�Ra�e, nar can i��e rnore than 5.�°/o higher or �ower <br /> than the �nitial lnterest Rate. <br /> [�G� 11Aanth�y A�ijus#ing Variable Rate Feature The Calculated ln�erest Rate will ne�er increase <br /> a�ave F�URTEEN AND 3�'�!'1�4� Percent���4.3'�'1 °Io} <br /> The�alcuiat�d Int�rest Rate wijl be adjus�ed i�necessary to comQly with these rate�imitation{s}and <br /> will be in effec� un#i1 th� next Ghange Date. At any �hange Date, i��he Caiculated lnteres� Ra�e <br /> equais�he Exis�ing �nferes�Rate,�he in�erest rate wi�!na�change. <br /> �'�. Recvn�eyance. Up�n paymenf af al! sums secured by fhis Securify lnstrument, Lend�r shall <br /> request Trustee'to re-con�ey fhe Prape�ty and sha�l surr�nder this 5ecuri�y Instrumen�and all no�es <br /> evidencing debt secur�d by#his 5e�uri�y [ns�rument�o Trustee.Trusfee shall recon�ey#he Properky <br /> without warranty to the persan ar persvns legaliy ent���ed ta it. 5uch person or persons shall pay any <br /> 7754❑ GEN3❑� C <br /> Accenture Morfgage Cadence Document Center�0228 �11 vf�3) Nebraska❑eed of Trust HECM ADJUSTABLE RATE-MERS <br /> D3115 <br />
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