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86- 101398 <br />(5) r If this box is checked, the interest rate that I pay shall not decrease more than ........ <br />percenta .ge points on any hate Change Date. <br />1 (6) � If this box is checked, the interest rate that I pay shall never be more than ..a,3_95.0. _'7 <br />1 during the period I have my loan. <br />(7) rg If this box is checked, the interest rate that I pay shall never be less than .._..g, dpg.. -.4% <br />during the period I have my loan. <br />(S) E] If this box is checked, the principal and interest payment that I pay shall not increase <br />more than .._.-- _._......._. percent on any Payment Change Date <br />(9) C If this box is checked, the principal and interest payment that I pay shall not decrease <br />more than .._ .................. percent on any Payment Change Date. <br />The '_Vote 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 Pavment 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 will <br />accrue interest. thereafter. 17nder 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 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 />sums 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, Lender 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 />Instrument or shall promptly secure an agreement in a form satisfactory to Lender subordinating that <br />lien to this Security Instrument. Failure to provide evidence that Lender has fast lien shall constitute a <br />default under the terms of this Note. <br />;. TRANSFER OF THE PROPERTY <br />If there is a transfer of the Property subject to paragraph 17 of the Security Instrument, Lender may <br />require (1) an increase in 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 />in Section 2 (B) or (4) an increase in the maximum interest rate to be paid over the life of the loan or all <br />of these, as a condition of Lender's waiving the option to accelerate provided in paragraph 17. <br />A. <br />By signing this, Borrower(s) agree to all of the above. <br />Gary L. Hurt <br />Un _. <br />ona J. Burt <br />STATE OF NEBRASKA....-.. .. HALL _.,....._ ._.. Countv ss: <br />On this .. -._ - . 17th _. day of ...- March 1. 1 2986...., before me, the undersigned, <br />a Notary Public duly commissioned and qualified for said county, personally came ___ <br />Gary L. bur-t. aad.. Down a-. J ...- Bur-t,- _ husband. .and- w1te.. . . __ ... .............__......... ........ ------------ ____ .... <br />to me known to be the identical person(s) whose name(s) are subscribed to the foregoing instrument and <br />acknowledged the execution thereof to be . their. I I ... _ voluntary act and deed. <br />[ WI'T'NESS my hand and notarial -eal at C:rrinu ]slan+3 "�l:r3ska <br />L _ ,s l _ <br />the (late aforesaid. <br />Iowa Mrs'- two a Nd"WA <br />1 ('ommi =cs,r c•:;1 4 S. R WOl/ <br />in said county, <br />i <br />J <br />