|
—�. �:,?. .;>:: _ _ _
<br /> ,�,s� .�,� . ;r,;,_<: �: _ :;;� - � ���� ,. .�, -
<br /> .s.a:�n.;,�� :'r:;.'ii-�:% rj�r x�'Sy��`[:i�..b' - �' i' : �6' ;4•��"�" `f��'� c :� � -_..tZbYt�6�A�R5�f�.�1����Pd"�e�6:ii'.
<br /> �_� ,�k ..`�.�i�E�'�• }'c�'F�x��' �:i'•*�.' �YA�.;s*� :4; ^,'J.�j; �....�r=K°... .a :�"',. .'v�'` r .7�r4: .
<br /> - u_ �'��r i�_S��l���'���.: ,.. C '` F 4 __�l.a _ -'-
<br /> -' -- -----� "�="'_ —
<br /> `'
<br /> �. .�..�....., � ' ' � ... . - -'--- . �
<br /> {
<br /> � AIDJUSTABLE RATE RIDER �a�������
<br /> (1 Year Treasury Index-Rate Caps) �
<br /> 7NI5 ADNSTAHLE RATE RiDER is made this 10d1 day at' F�RL1ARY � ,I9.,�_, •
<br /> � asd is utcorporased into and shall be doemcd to ainond and sugptement the Martgage, Ueed af Trust. oa Ser�sitq QeEd(th°'•Sec�ti6y
<br /> InsttumenY�af the sams date given by the undersigned(the"Borrower")to secure Borrower's A�juscablz Ritte t�tot.ttt�:"Nott'')za 9iQ16$ .
<br /> �DEM!SAV�NQS i LOrUit ASSOCIATlON OF GHANO ISl11ND, MF9RASKA(th:"Lendes")o�'the sam,:da�c an3 coyericty tir,,
<br /> . property desixibed in ttu Sav�rity Inmumeat and located at: •
<br /> �2�- �'�A—F�°�3 . . ..
<br /> - (p`�iY•���: • . :' .
<br /> '�,. � .. ',::,3�IOEc 1tCqh:�cidlaCis ptrnti�l�t�a$owitta for c6�1[Y°i:IK'�it�ittL�etYSi.eat�:ud tst�tfCS�td� � .
<br /> . ��qmea�.'T�l.s aote LLso llmits tLe�nount m�inie�est tste qs ah�g��at sny one timr an3
<br /> • ska the mWmam and the ma�dmueQ rnit[mus!psy.
<br /> ADD[T[ONAE.COVE1�iAN}7'S. In addition to the covenaats and agrcements made in the Security Instrumeri.B�irazv�aad 1xreG�et �
<br /> : funher covenant and agee as follows:
<br /> A. !N[EREST RATE AND MO�THLY PAYMENT CHANCFB � '
<br /> Thr Note pta•rides for an initial intertst rute af 1Z•5 _ �'o.Section 4 of the I�Fote provides for chang�s in ths inferest rat!arr�the
<br /> monihly payments,as folluws: '
<br /> i. /NTEREST NAT�AlVD AfUNTNL}'PAYMi:NT CNANGES
<br /> t�� cr..,<<a�� .
<br /> : The interesc rate I wiU p�y may change on thc first day o[ _�` .19��_.and on thai d�y etery
<br /> +..a�..o !191 manths ehereafter.Each date on w hich my incErest rate could change is called a"Chaage I3ate." , .
<br /> . (B} The IedEx �
<br /> � Brginning with the rrst ChangeDate,my interest ra!e wili be 63sed on an Index.The"Iadex"is theµ•eekiy averag�yic,tc�i Qr.Qi�ai*ed�•�tes,
<br /> . � Treasury securiti�adjusted to a constanc maturity of i year,as made availa6le by the Frdc�-�1 Reserve Board.i h:most r�ent In3��.�are .
<br /> ! ava�'table as of tha date 45 days beforeeach Change Date is calted the"Current ir.�ex." ,
<br /> ; If the indtz is r„o tastger available,the Note Holder will choose a nc�4�intii:s whie6 is based upon compazable inform3tibn.71�.T:�tvte , • "
<br /> Holdes wiq giva sae�cmice a.`ctus,:ta�ice. , ,
<br /> (G� tyin6qio�ot C6a�sea , , .
<br /> Beforeezch�f,au:ge Date,the Note Holder will calculate my new inter�z ra:e by adding �}��g��ye,u�i�_p�,:�r.age -
<br /> points( 3•� %)to the Cuaent lndex and rounding to the near�ss 1/8th of l%,subject to the limiis stated in Section 4{D�r;,�e.ow.• � ! *�
<br /> This raunded aaic,unt wiA be my new interest rate untii che rtext Ch.:nge Date. -
<br /> • T�e Note Hutdcr will then determine the amouni of the rn�e:;�ly payment that wcsu(d be sufficicnt to reQay tn full t,Y,�principal I am • --
<br /> expocted to oae v��.�at Change Date in substantiaJly equal payirc:r�ts by the mnturity date at my ncw intsrest rate.TIi.resnlc oP this ca'.culation �
<br /> will be the nr�v amuvnt of my manthly payment. �
<br /> N3 Udts csre Laoerest Rate CU�nae.+
<br /> The interest r�r L am rcqr.�rcd to pay at the first Change Da:: Mi:� r�� i� �;;eater tl,an _L3�—Jo o� tess than „
<br /> , • 9.5 �n_q�Mereaftc:r,m t i�tterest rate will never be increased or cfea•:_;:�or,r:c;irs,�le Cha.*�ge Datt G;I mflre thanittio ere.�t
<br /> � �- � fro�,.;�=ratcs of interc5t I havc bcen paying for the prcccding rH�:i�e months.The minisa��:�ir.t:re�.t.rate on this loan wlll rtever be '
<br /> i l�s;�:.an 9•4 %and themazcimurn in!ereJt rate wi!l ne�cr�:tr�u�r thnn 16•d %.
<br /> � .
<br /> 1 (�'1 E([ecUvt Dnte of Chwnges �
<br /> h'ly new iaterest rate will become effective on each Change�zi�:.I tivit:pay the amount of my new monthty paym.nt beginning on the tirst .,f .<
<br /> monthly payment @ntc after the Chunge Date unait�he amount of my manthly Yayment changes agnir., _ .
<br /> ' l� Nottte ai'�,�e�
<br /> The Note Hvi:.w�x'.ii mail or dcliver to rrec n notice before each Changc 17�tc�:.'fhc noti:c.vil,ad�sc rime of: �����
<br /> (i) the:::.4�nrerest rate on my loan as of the Changc Uate; � t
<br /> (ii) the w:-::::�t of rny rnonthly pay►r.cnt following thc Change f3ace;
<br /> � (iii) tu;�';:,�ditionul mlttera which the Note Holder is required to�:,'.•:to�r;and .
<br /> - (iv) thNJc±�3ressoftheassociatiozyoucouldcontactregardi��;anyy�esd5n��aL-uutthcadj�slmentnutice.
<br /> E. C'�ARCPS;l.tENS
<br /> Uniform Covenant 4 of the Security tn5lrur�nt is an:cndcd tu rend as fullo-r�s:
<br /> �1. CSu�t�;l,len�.Borrower shall pay alt taxes,assessmcnta,and o:hcr charge:,fir.cs,and imp�sitionv�tlributable to thc Property which may
<br /> attain a priority ovcr this Sccurity Irn,trun�enc,and leascliold payments of�croand rents,if any,in Ihe manner provided under paragraph 2 hereof
<br /> or,iP not paid in such manncr,by ifnrru•»cr makinL payrncnt,wl�en duc,cticcctty ta thc payce thercof.13orrawcr shall prumptty furnish Lcndcr
<br /> , ; all notice,of arnounts due undcr thiy parxgr2ph,and in the evcnt borro•�v:�r shall makc payment dircctly, Horrawet sh.�ll ptomrtly furnish ta .
<br /> ' Lender receipts evidertsing sueh payn�em�. tiorrov:e. sh�1! promptty d:�t:htirge any liert which ha� priority c�ver Ihis Securi�y lnstrument;
<br />__ � huwever, AutroweT sh;.�ll nut be rcyuired tn�i;rhaTge any such lien ;o ;Unu as Borruwcr, (a)�hall a�ree in wriiing to the pMyment of �he
<br /> � abligation secured by such lien in�hc rnanner acceDtable to l,ender;(b)!,hnll In ynod faith contc,t such lien by.or�lefend agaiust enforce:7ent af
<br /> such t;en in.legal proceediugs whieh in itc�pinion uf L,ettd�r;perate�c>preven�ihe cnfurccment uf thc licn c,r forfeiture af the Yrvpen�or any ���
<br /> ,., ptrt th�eot;�t(c)sh311 secure frarn thu holder of such :i��t��i aLrc�emcnt in a form satistuctnry to I.end.r subordina::�,�z>.:' :::�:- to this �
<br /> — 5ec��t;1�nslrure:e�t. ,
<br /> l�E 2.er,S�r d�ts:r�nines that 7I1 arany part of the Properry i: ;:�:,;:�t to.;,I�:�whicl�may attair�a priutity over tbis 5ecurity(:�::��r�,°nt. � �
<br />—,,,� LtnGwt s:�t.:s j;'r.e/'3�!'�az�►er a noticr, identifying sach lieu.lio:rc_a::<!:�,;;:�.::t,f ,wch 1'.rr. or take one or morr of the actiuns set forth u6avr ��
<br /> - wittlt�.'.�s�d?'r��'.iC�'s:ifigoitT�P,lliiiiCe. --�
<br /> Lc. n+�rr�CE;
<br /> Unifurmf'avrnant 14uithcSecuritylnstrumentignmenrledtnrcadasfullows:
<br /> �h
<br /> 1�. NaUee.Eaccpt for any nnti�r r�uireJ imdcr applicable law to be given iij another rntirmrr,(�)any notuc tv Flurrower p�n�i<1td fnr iu thit �
<br /> Security tnstrument shall hr given by 9el�tiering it c�r by maili�ig it 6y fi�st cla5s rnail to[iurrowrr a[tFce t'roncrly Addrr;e vr at:uch othrr�uddrc« ,
<br /> uti Fk,truwer m�y cie5i�nate Hy r.once r�I.ender a��,rrnid�il hcrrit,and lE)�ny not�ce to t ci�acr til�al!he p�vri�bv t�r�t cla�c rna�!r+*1 cncicr't t' ��'
<br /> r *
<br /> � nddrz:,ssta:��41:�teir►��ttvburltutS:e;etdtlrc;s�;itndermc�vde.irfe�t�hyf,��hectc,itorrov;rracprnr�idceft���re�in :irisr�i�s��r�rr.�nt:,t�„r�nttii,
<br /> St'cUttly I1L'dUtriCqt ahal!br drC�recd t��h��c hcen����en h•I►��ui�v.rr��r f rne'cr�-hrn�:iLCi�n�rhe ni.�nnrr�e.n!i,.ifi:t t;lic,i�
<br /> "— _�J��:� � -
<br /> --..
<br /> ::�J��::
<br /> :r•�`'-
<br /> �:?�'
<br /> :z`�.•�
<br /> t�y' ..F
<br /> ti 1 t�
<br /> _.. .�. _
<br /> . i —�_ ... . �._. . . . . _ . ._�__-_ _-_---_____ -_-._ _._-.'-__ _. _____.____ _.__.____- .__-. .... . _ _ _- _ _ _-_ ' _ _ — . ._
<br /> ._._ .. _ _ ... ._. _ . .." __
<br /> . --�n '�g�-- .—.�e-� -� ..�
<br /> . ._:..s a F.� .. � _�.._.
<br /> � .._ ... y. , . .
<br /> •'o. . . ... _._ __- - ,'E7,'�'" � ` '
<br />
|