94101450 - Laserfiche WebLink

Browse

--- ._. . � �._--• �`ti.J ../..� _ _._ —�_= ' �.M1� :1f�. _..�.-- _ i . � '_' • _.___� . �-1� . _ ..- — c�.� ._.___�_____�.r.�f� � , •-T'.:rx.di�W -- ' 84�oi4l�o J wn,tvsTws� w�� Rtn�t (1 Y�T�w�wy lrM�c--l�Mt Cs�1 002002692� THISAb1US'tAHLERATER1DERbmWkthit 18TH �yo� FEBRUARY �19 94 �� lnoorpor+ued into�nd thall be damed to unead itnd�upplanent the Mort�e,Deed of Trwt or Security Deed(the � ��=-__-� "Sdcudty Inrtrument")of the wmo d�tc�Ivcn by tho under�ntd(the"Borrower")to sccurc Bonnwor':Acl�wtable -_- RateNote(the"Note")to TM� Equit�bl� Buiidin9�nd lo�n A�soci�tion ot 8rad I�11n1,Mibrnk�, k - flGlrtl StvinOs B�nk (the"Leader")of the wne due and coveria�the property dacdbed in the Security Instrument and locttod�t: - —_�= 233 S MAIN (iRAND ISLAND. NEBRASKA 88801-8483 .— — (Property Addreu) =- THE NOTE CONTAINS PROVISIONS ALLOWINO FOR CHANOE8 IN THE INTEREST RATE � ANO THE MONTHLY PAYMENT.THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANOE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR- _ __ ROWER MUST PAY. __._,� pa��.:t.��.:•x��, -- . �fA,�`..•...n.; �;_ ADDITIONAL COVENANTS.In addition to thc covonants and agreements made in the Securlty Inatrurt►ent. � ��,:�� ='�'•`;_�� Borrower and Lender further covenant and a�ree as follows: - . • ` . ..l�.G ,u ^^��• •'.-'��•�'_''� •t• A.INTEItEST RATE AND MONTHLY PAYMENT CHANGES ;,• '��"` •��• "�r""�'�,'' Thc Note provldes for an inittal interest rate of 4.7 S O %.Thc Note provides for chan�es in the inurat rate and the � .. .; � monthly payments,as follows: . ' :y:.'.n. 'i y``^!�� '��'� � � ''�r 4. INTERFST RATE AND MONTHLY PAYMENT CHANGFS �" . •�.:.,,. .: . :� '�:�'_.". . , (A)Ch�q�e DAtcs Tho interest rate 1 will pay may change on the first day of MARCH ,19 S 5 ,and on that day � ,^.,.�.J____. ... �� every 12th month theraafter. Each dau on which my interest rate could chan�e is called a"ChanQe Date." P.� -- --- ---- �., B)The Iadex BeQinning wIth the first Change Date, my intcrest rate will be based on an Index.The"Index"is the weekly . average yIeld on United States Treasury securities adjusted to a constant maturity of 1 year,as made available by �� , the Federal Reserve Board.The most recent Index figure available as of the date 45 days before each ChanQe Date --- „ is called the "Current Index." � If the Index is no longcr available,the Notc Holder will choose a new index which is based upon comparable information. The Note Holdcr will �ive me notice of this choice. r • �, (C)Catculation ot Chaa�c9 ,� !I;i Before each Change Date.thc Note Holder wilt calculate my ncw intcrest rate by adding — �y� percentage points( 2.000 %) to the Current Index. The Note Holder will then round ��` the result of this addition to the nearest one-eighth of one percentage point (0.125�10). Subject to the limits stated � In Section 4(D)below,this rounded amount will be my new interest ratc until thc next Change Date. � , The Note Holder will then determine the amount of the monthly paymcnt that would be suf�cient to repay � , " the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate fn substantially equal paymencs.The result of this calculation wiN be thc ncw amount of my monthly payment. �-.' � �� r�-' , (D)Littnits on Interest Rate ChanQes � �. ,_. � • .. • The interest rate I am required to pay at the first Changc Date wiU not be grcater than 6.7 50 °!o or less than } � 4.OQ °10.Thereafter,my interest rate will never be increased or decreased on any single Change Date by �� more than two percentage points(2.0%)from the rate of interest I have been paying for the preceding twelve months. My interest ratc will never be greatcr than 9.750 �/o• � ' (E)Bftective DAte of Chunges , �� My new interest rate wilt become effective on cach Change Date. I will pay the amount of my new monthly � -� � � payment beginning on the first monthly payment datc aftcr thc Change Dacc until the amount of my monthly pay- ment changes again. (F) Notice ot ChnnRes � � � . The Note Holder will deliver or mail to mc a notice of any changes in my interest rate and the amount of my ' monthly payment before the effective date of any change.The notice will include information required by law to . - be given me and also t hc titic and telephonc number of a person who will answcr any question I may have regardLng , .. : , „ the notice. � . B.TRANSF'ER O�THE PROPFRTY OR A Br NEFICIAL INT�REST IN BORROWER ; Uniform Covenant 17 of thc Security Instrumcnt is amended to rcad as follows: _ ♦�__:_ _ ' Trnnster ot the Pronerty or a Beaeticial interest in Borrower. If all or anv part of the Property or any interest M F � � � i�it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural � person)without Lendcr's prior written consent, Lcnder may. at its option, require immediate payment in full of all sums sccurcd by this Security Instrument. Howevcr, this option shall not be exerrised by Lender if exercise is � prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if: (a)Borrower causes to bc submitted to Lcndcr information requirrd by Lendcr to evaluate the intendcd transferec � f • as if a new loan were being made to the transferce; and (b) Lender rcasonably detcrmines that Lender's security . will not be impaired by the loan assumption and that the risk of a breach of any covenant or ag�eement in this Securi- � ty lnstrument is acceptable to Lender. ; Tv the cxtent permitted by applicable law,[.ender may charge a reasonable fec as a�ondition tu 1.rndcr's ron- sent to the loan assumption.Lender may also require the transferee to sign an assumption agreement that is accept- _ . able to Lender and that obligates thc transfcrce to kcep all the promiscs and agrecments made in thc Note and in . ' • this Security Instrument.Borrower will continue to be obligated under the Note and this Security Instrument unless � , Lcndcr relcases Borrowcr in w•riting. MUITISTATE ADJUSTAYLE RATE RIOER AHM 6 2 Smgle Fem�ly-F�nnh M»iFnddN M�c UMIOtm M�trumNtt ' Fnrm 3111 3146 ( �- BZZA•e�c'1� vMVMORTGAGF FORMS•UUi79J B1W•�8UU�51� �19� �