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87101060
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Last modified
10/19/2011 2:43:36 AM
Creation date
3/27/2008 1:59:46 PM
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DEEDS
Inst Number
87101060
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6 ?IQ10G0 <br />(5) ❑ If this box is checked, the interest rate that I pay shall not decrease more than ----------- <br />percentage points on any Pate Change Date. <br />(6) C1 If this bog is checked, the interest rate that I pay shall never be more than ... 1-2-9_-,G-%7 <br />during the period I have my loan. <br />('.) [j( If this box is checked, the interest rate that I pay shall never be less than ---- {&,.gam ------ % <br />during the period I have my loan. <br />(8) ❑ If this box is checked, the principal and interest payment that I pav shall not increase <br />uv= . ...... . - ----. Ve ent un any Payment %range irate. <br />(9) ❑ If this box is checked, the principal and interest payment that I pay shall not decrease <br />more than ------------- - --- pareent on any Payment Change Date- <br />The Note Holder will adjust the interest rate on each Rate Change Date and on each Payment <br />Change Date so that the change in the interest rate will not be more than those limits marked above. <br />The monthly payment amounts will also change on Payment Change Dates as provided in the <br />Note. Because payment changes may occur less often than interest rate changes and/or may be subject <br />to certain limitations described in the Note, the monthly payments may be insufficient at times to pay ac- <br />cruing interest. In such case, unpaid interest is added to the principal balance of the Note and itself wi11 <br />accrue interest thereafter. Under the terms of the Note, the unpaid principal balance can never exceed a <br />maximum amount equal to One Hundred Twenty -Five Percent (125 %) of the principal amount originally <br />borrowed. <br />3. LOAN CHARGES <br />It could be that the loan secured by the Security Instrument is subject to a law which sets maximum <br />loan charges and that law is interpreted so that the interest or other loan charges collected or to be canceled <br />in connection with the loan would exceed permitted limits. H this is the cam, then: (A) any such loan <br />charge shall be reduced by the amount necessary to reduce the charge to the permitted limit, and (B) any <br />sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. <br />Lender may choose to make this refund by educing the principal owed under the Note or by rnairing a <br />direct payment to Borrower. <br />4. PRIOR LIENS <br />If Lender determines that all or any part of the sum secured by this Security Instrument are subject <br />to a lien which has priority over this Security Instrument, Leader ray send Borrower a notice identifying <br />that lien. Borrower shall promptly act with regard to that lien as provided in paragraph 4 of the Security <br />Instrument or shall promptly secure an agreement in a form satisfactory to Leader subordinating chit <br />lira to this Security Instrument. Failure to provide evidence that leader has fret lien shall c rWAute a <br />default under the terms of this Note. <br />5. TRAWSFER OF THE PROPERTY <br />If there is a transfer of the Property subject to paragraph 1; of the Security Instrument; Dada may <br />require (1) an increase in the current -Note interest rate. or (2) an increase in (or i+emoval of) the limit on <br />the aunt of any one interest rate change (if there is a limit), or (3) an increase in the pewmtsge <br />paints to be added to the current index for the purpose of calcalating it rate adjustments ea expJained <br />in Sew 2 (B) or (4) an increase in the maximum interest rate to be paid ova the life of the loan or aK <br />Of these, as a condition of lxnder's waiving the option to Ph y per is paragraph 17. <br />} By signing this. Borrower(s) agree to all of the above <br />r' <br />Charles R. Orso —u` "°"•` <br />- — r <br />----------------------------- <br />Joaa Ii. Orso - -- -- -B�,:� <br />STATE OF +.'EBRASItiA. P a I I County ss: <br />On this 23rd nay of Februar. 87 -- before me. the undersigned, <br />_ ° - -- "- <br />a '-Notary Public duty commissioned and qualified for said county, personally came --- --- --- ---- --- --- -- <br />Charles -11-- -Brno and--Josa-- 14. . -Grsa, hasbasd- 3ivi.a4fs: - - to me known to be the identical pers- mis) whose name(s) are subscribed to the foregoing instrument and <br />acknowledged the execution thereof to be -. - their -- v°oiumtary act, and deed, <br />WITNESS coy hand and notarial seal at __-.. - -- -..--- -_Grand Island - - - -... in said county, <br />the thta aforesaid. <br />-- <br />Ma it ww d i <br />COtdttlE &HALES <br />My Commission expire el fM EW f� <br />p <br />
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