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201600765
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Last modified
7/23/2017 9:37:45 AM
Creation date
2/8/2016 9:20:24 AM
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DEEDS
Inst Number
201600765
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2� 1 ���7�5 <br /> Chang� Date {"Current Index"}. Before each Change Date, the new interest rate vvril be calcu�ated by adding a <br /> rnargin to the Curr�nt Index. The sum of�he margin plus the �ur�rent Index, subject �o the rate limitations below, <br /> witl be cal�ed the "�alculated Interest Rate" for each �hange Date. The �alcu�ated Interest Rate will be campared <br /> ta the interest rate in effect immediately prior to the current Ghange Date�the "Exxstin�Interest Rate"�. <br /> The interest rate will ne�er increase ar decrease by more than twfl percen�age p�ints �2.4%} an any single �hange <br /> Date.The interes#rate wit� ne�er be mare than fi�e per�entage points�5.�%}higher�r I�wer than the init�al in�erest <br /> rate stated in Paragraph 2 of this Nate. <br /> The Calcu�ated Interest Rate will be adjusted if necessary�n comply with th�rate limitation�s}descr�b�d ab��e and <br /> will be in eff�ct until the r�ext Change Dat�. At any Change Date, if th�Calculated Interest Rat�equals the Existing <br /> Interest Rate,the interest rate wi11 nat change. <br /> 28. R�con�eyance. Up�n payment of a�l sums secured by this Secu�ity Instrument,Lende�shall request Txust���o <br /> reconvey the Property and shall surrender this Security �nstrument and all notes e�videncing debt secured by this <br /> 5ecurity Instrument to Trust�e.Trustee shal�r�convey the Proper�y without warranty to the persan or persons legall}� <br /> entitled to it. Such pers�n ar persons shall pay any re�ordation costs. Lender may charg� such person or pers�ns a <br /> fee f�r recnnv�ying the Prflperty, but only if the fee is paid to a third par� �su�h as th� Trustee} for �ervices <br /> render�d and the charging of th�fee is permi�ted under applicable�a�. <br /> Z9. Substitute Trustee. Lender, at its aption, may fram tirne to time remo�e Trustee and appoin� a successor <br /> trustee to any Trustee appazn�ed here�r�d�er hy ar� instr�ment recorded ir� the County in which this Se�urity <br /> Instrurnent is recflrded. Without con�eyance vf�he Prop�rty, the succ�ssor truste� shall succeed to a�l the title, <br /> �ower and du�ies�,anf�rred upon Trustee herein and by ap�licable Iaw. <br /> 34. Request far l�ntices. Borrawer requests that �opi�s af the notice of default and sale be sent to Barro�ver's <br /> address which is the Prnperty Address. <br /> 31. �bligatory Loan Ad�ances. Lender's responsibi�ity ta make Laan Ad�ances und�r the terms of the Loan <br /> Agreement, including Loan Advances �f principal t� �orrovver as well as Loan Ad�ances for interest, MIP, <br /> Se�v�cing Fees,and ather charges sha�l b�obligatory. <br /> 32. Riders ta this Security Instrument. If one or more riders are executed by Borrawer and recorded tagether <br /> w�th this Security �nstrument, the co�enants of each such r�der sha1l be incorpora�ed into and sha�l amend and <br /> supp�ement the co�enan�s and agreemen�s af this Security Ins�rument as if the rider�s) were a part of this �ecurity <br /> Instrument. <br /> [Check aI1 riders that are applicable] <br /> Condaminium R�der PUD Rider <br /> Shared A reciation Rider �ther <br /> �ne Reyerse Martgage,LLC Laan�riginatar:Tiffany Da�is <br /> Campany-l�MLS#:2�5Z-'Loan I�umber:33498525�3 Loan�riginator NMLS#:��32$1 <br /> 1Vebraska-2"d Security Instrument(�Idjustable) Page 1 d of 1� �Bay Docs,LLC �314�1��].�5 <br /> qa33��8825�3 ���2 D17 1 a1'� <br />
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