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87104699
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Last modified
10/19/2011 11:00:44 AM
Creation date
3/27/2008 2:39:58 PM
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DEEDS
Inst Number
87104699
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57--1046-99 <br />(5) ❑ If this box is checked, the interest rate that I pay shall not decrease more than .................... <br />percentage points on any Rate Change Date. <br />(B) gj If this box is checked, the interest rate that I pay shall never be more than .12.959......% <br />during the period I have my loon. <br />(7) JP If this box is checked, the ingest rate that I pay shall never be less than ...7.95A........% <br />during the period I have my loan. <br />(8) ❑ If this busk is checked, the principal and interest payment that I pay shall not ins <br />more than .................. pert an any Payment Change Date. <br />(9) 0 If this box is clerked, the principal and interest payment that I pay shall not decrease <br />more than ................... percent on any Pay amt 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 mthly pa t amounts will also change on Payment Change Datfa as provided in the <br />Note. Because paymentt ges 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 <br />intereeL In such cam, unpaid interest is added to the principal balance of the Note and itself will <br />accrue interest thereafter Under the term of the Note, the unpaid principal balance can now esosed a <br />mazimnm amount equal to One Hundred Twenty -Five Percent (125 %) of the principal amount originally <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 />ken charges and that law is interpreted ro that the interest or other loan charges collected or to be collected <br />in connection with the loan would exceed permitted limits. If this is the case, 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 />sum already collected from Borrower which exceeded permitted limits will be refunded to Borrower. <br />Lender may choose to make this refund by reducing the principal owed under the Note or by making a <br />direct payment to Borrower. <br />4. PRIOR LIENS <br />If Lender determines that all or any part of the sums secured by this Security Instrument are subject <br />to a lien which has priority over this Security Instrument, bender may 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 />InsUument or shali promptly secure an agreement in a form satisfactory to Lender subordinating that <br />lieu to this Security Instrument, Failure to provide evidence that Lender has first lien shall constitute a <br />default under the terms of this Note. <br />L TRANSFER OF THE PROPERTY <br />If there is a transfer of the Propert y subject to paragraph 17 of the Security Instrument, Lender may <br />require (1) an increase iruc the current Note interest rate, or (2) an increase in (or removal of) the limit on <br />the amount of any one interest rate change (if there is a limit), or (3) an increase in the percentage <br />points to be added to the current index for the purpose of calculating interest rate adjustments as explained <br />m 2 (B) or (4) an . in the maximum interest rate to be paid over the life of the loan or all <br />of these, as a condign of 's waiving the option to accelerate provided in paragraph 17. <br />,jam n� �tWi�ltxl�� <br />By signing this, Borrower(s) agree to all of the above. <br />Marvin L. Morrow <br />..................... <br />Maxcir a M. Morrow — <br />STATE OF NEBRASKA, ....... .................... R&LL..................................................... County ss: <br />On this .............7th ., day of ... » .... August ...................... 19 ... 87, before me, the undersigned, <br />a Notary Public duly commissioned and qualified for said count', personally came ......... ............................... <br />Marvin f:: itorrvK aad•l keine -i4 Rorrovr- dausban� and w# 4e�.•••.••••»•.••••» ---------------------------------- _ --------------- <br />to me known to be the identical person (a) where name(s) are subscribed to the foregoing instrument and <br />acknowledged the execution thereof to be ........ti rain .. ............................... voluntary act and deed. <br />WITNESS my bend and notarial Baal at Grand Island in said count,, <br />the date atofna& <br />d r„ <br />aspires: Ell <br />mS t"t sg�l..2 `cw.._. "..c='? ::. ......... <br />guy netts <br />We sea as � /At45emaEi.a Aciken 1"iaeml�,rac MJF <br />
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