202500646 - Laserfiche WebLink

Browse

20250064E LOAN #: 3924123601 SIMPLE INTEREST RIDER (Fixed Rate) TH SEMPLE TEN EST N EIEN Ethis N iderNis made this 27th day of January, 2025 and supplement: and is incorporated into and shall be deemed to amend The Mortgage, Mortgage N eed, N eed of Trust, or Security N eed Ethe *.ecurity NistruN ment:i: of the same date given by CALEB R. JOHNSON AND JORDYN M. JOHNSON, HUSBAND AND WIFE, AS JOINT TENANTS AND NOT AS TENANTS IN COMMON Referred to herein as NVlortgagorNwhether one or moreNto secure a certain promissory note Nhe ot-oto Trius Federal Credit Union, a Federal Credit Union ende ei5and covering the property described in the Security Nistrument and located at: 110 E 11th St Wood River, NE 68883 Unless the context requires otherwise, capitalized terms used in this N ider that are not specifically defined in this N ider have the same meaning as in the Security Nistrument. The terms and conditions of the Security Nistrument remain in effect Nncluding, for example and without limitation, the late charge and default provisions of the Security Nistrument except that in case of irreconcilable conflict between this N ider and the terms and conditions of the Security Ristrument, this N ider will control. ADDITIONAL COVENANTS. RI addition to the covenants and agreements made in the Security Nistrument, each of the undersigned further covenant and agree as follows: Niterest on the unpaid principal balance of the Note and on amounts disbursed by Lender pursuant to the Security Nistrument shall be computed daily on a simple interest basis, from date of disbursement to the date payment is accepted and applied to unpaid principal or to amounts disbursed pursuant to the Security Nistrument *: s applicableN The daily interest rate shall equal the annual interest rate described in and applicable to the N ote lthe ote ratsodivided by 365. If payments required by the Note or Security Instrument are made late, the interest payable under the Note or Security Instrument (as applicable) will continue to accrue to the date payment is accepted and applied to reduce outstanding unpaid disbursed amounts, as described above. If payments required by the Note are made late, because interest will continue to accrue on the unpaid principal balance of the Note until payment is accepted and applied to reduce the unpaid principal balance, the total interest due under the Note will increase, which may cause the dollar amount of the final payment due under the Note to also increase accordingly. If payments FIXED RATE SIMPLE INTEREST RIDER ICE Mortgage Technology, Inc. Page 1 of 2 ® FSa:2 U 0624 GSIRLU (CLS) 01/27/2025 06:42 AM PST