95106954 - Laserfiche WebLink

Browse

.. ...�.�.+q��17rI�n•-n—•. ... .. *•p�,�;� . . . ..�1i`t`:� � _ •.Yr+�+.n. . . _. . . �id.� 't u�� . . ''�}. . ....�j. . - � . �.-...��. , ._ , •'i+^r.i�"'." `r';`;..,:�,.. _ .._.,�_ . ._ .._ _ _ _........-_ .. . . - _ N _ � . • � � ti.�5- �,�16r9S?� ADJUS�ABLE RATE RI1��R 2oo2�a�s _ (1 Year Te�aiwry Index•Rate Caps) — THIS AD]USTABL.E RATB RIDBR ia mado tb9s 13TH day of OCTOBER , r 1985 ,and ia incorpArnted into and shall be damod to amend arid supplcment the Mortgtgc� Deod of Trust or Savdty Dc�d(the"Socudty Instnumnt")of tho eame date given by the undcrsigned(the"BorrAwer")to securc tho 8orrower's Ad,justablo Rau Na�te(ehe'Hote")to Th� Epuitibl� Building �nd loen Aesociition pf annd laltnd� N�4resko, A F�E�r�l Btviny� B�nk (iita°Ixt�ei°�-v�'ai�o ew-+�+�«-s',3 ui�cz-#s�t3te�t'tf�.��t!�'�!�#�Ehl?Sr�►u�3ly t�a.�nu.nr�d!OCffitd s!: �18 N BROAOWELL ST dRAND ISLANO� NEBRABKA d88A1-443(i . 1�rt9 Aildrtat) YNE N�TL CONTAINS PROVI81QN8 ALLOWINO FOR CHAN�E8 IN THE INtEREST � RATE AND THE fNQNTHLY PAYMENT. THE NOTH LIMIYB THE AMOUNT TH8 dORItOYYER'S INTE�iE87' RATE CAN CHANt3E AT A�NY ONB TIME ANiD THB II�AXIMUM pKfE 4H8 BORROWER MUST PAY. - ADbI7ZONAL COVENANTB.lu additIon to the covenw�ts nnd agramenta me�te in tho Sccurity insuument, Borrower and Lender fittther covenant aad agroe as followa: . A.INTERFST RATE AND MON3�ILY PAYII�NT C�ANGFS The Note provides for an inttial_imenst rate of 7•12fi 9h.The Note provIdes for cl�anges in the Iaterest�ate and tbe maathly payments,as fol[ows: 4.DV'Y'ERES!'ItATE AND MONTm.Y PAYMENT CHANGES ' (A)Clwtnge D�ta : . 1be interest rate I aIU pay�nay r.hitnge on the first day►of NOVEMBEft ! 2000 .and aa tb�t day avery 12th month thereafter.fiach date on which my intar�t rate�rould cl�anga Ia callod a"Change D�te." ' (B)T6e Iqdeac �. Begtanin8 wlth the Hrst Chaage Dau.cay incerest rate will be based on an Iudex.Tho"�ndwc"is the wakIy � aver�ge yteld on United Staus Treasury sxurltiea et{justed w a aonsta�►t mxturlty of 1 year.as mad�avaUable by . the Feder�l Rea..�rve Bosrd.The most nant Inckx•ti�gura availablt es of the dete 45 days before eacb ChAnge Date ia called the'�rrent Index." .� If the�•ie rw longer aveilable�the Note Hblder wiA ehoose a new Indea wMch is based upon coinp�rable inforaLdon.'Ihe Note Halder wlll give me notta of thic�hoicx. � . (t�Cak�n4tion ot Clmngea , � '�-:` . BefoYe eacL Clnngo Date.We Note Holdtr wiil•calculau my new imerest rau by eddiag � .' �� p pu�uiu�v�tni(s3( F.� �r�to tt,Rt�eraa � �.'t�e Note Halder wUl then mund tho result of thfs addition to the nearesr onaeighth of oao peroeatage point(0.125�6). Subject to the llmits ststed in Sectivn 4(D)below.this rouadod snmunt will be my aew 9nterest � rue natil the xxt C�enge Date. ' . T6e Noto Holder wlll then d;�termine the emount of the mont6ly.payment t�wt would ba suf'ficient to cepay the • �� unpaid prIncipai tl�st I am ea�pexted to owe at tl�Cl�ago Data in fuil on the Maturlty Date at my�w icaterest rue • . in substa�►ttAlly oqw�]paymcnts.'�'tet result of this caiculatioa wil!be the new amount of my monti�ly�pAyment. ' -, (D)Limtb on Intacst Rate Cbxoges � 8.125� ' � ' Tho interest rue Y em requlred to pay at the first Change Dau wlll not 60�reater tiwat 9b or leas than 5.125 . � qb.Thereafter,my interest rato wiU never be increasod or deCtrasod on , , any sIngle Cl�ange Date by more than two perantege points(2.056)from�he ratoZo;2t�t I have boen�ying for the reoeding twclve months.M iaterest rate will never be gc+eater thsn My �nterest rate wi�1 never be lowar lhan 6.125lK. (E)Et[a�tive Date o[Clqinges ' My s�w interest cate wiU becomo effecdve on each Chango Date. I will pay the amount of my n�w montlily payment begianiag on the first ruonthly payment date aRer the Change Aau until the amount of my monthly paynxnt changes agaln. -- ..__ . -(F1�Notice oiChanges. . . The Note PIolder will�deliver or n�sit w uae a notIce of any changes in my imerest rate and the amouat of my awntlily payment b�efore the effective date of:ony chnage.The netice will includa infom�ation requirod by law ta be givcn me atid also the Nde und telephone number of a person who will answer any questioa I may have ' ngarding the notioe. MUL718TATE AWUSTABLB RATE RIDER-AHM 8-2-Stngte Famlty•F�nnb MklFnddN Maa U+dfom�MstrurtMnt . Form 9117 9186 ��Z?A IY30D1 VMP MOitTOA(iE fON1u18•18001641•��Bt A RNtd on Recyd�d Rpr