85002096 - Laserfiche WebLink

Browse

85'`- 002096 (5) [] If this box is checked, the interest rate that I pay shall not decrease more than ............... .. . .. Percentage points on any Rate Change Date. Burin then) 10 If this box is checked, the interest rate that I pay shall never be more than .13.950 0 g period I have my loan. Burin th(7) P7 If this box is checked, the interest rate that I pay shall never be less than 0 ......... ...... .% g period I have my loan. (8) ❑ If this box is checked, the principal and interest payment that I more than percent on any Payment Change Date, pay shall not increase (8) [) If this box is checked, the principal and interest payment that I pay shat! not decrease more than ............... percent on any Payment Change Date. The Note Holder will adjust the interest rate on each Rate Change Dare and on A Change Date so that the change in the interest rate will not be more than those Ii ..a. h Payment ..,, ...en The month! mats marked above. Note. Because y payment amounts will also change on Payment Change Dates as payment changes may occur less often than interest rate changes and/or provided in the to certain limitations described in the Note, the month! truing interest. In such case, unpaid interest is added o payments may be insufficient at times � subject accrue interest thereafter. Under the terms of the Note, the unpaid principal balance can never Pa exceped ac- cruing balance of the Note and it�lf will maximum amount equal to One Hundred Twenty -Five Percent (125%) of the principal amount originally " LOAN CHARGES It could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges and that law is interpreted so that the interest or other loan charges collected or to be collet in connection with the loan would exceed permitted limits. If this is the case, then: (A) an such loan ten charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and B y sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by makin g a direct payment to Borrower. 4. PRIOR LIENS If Lender determines that all or any part of the sums secured by this Security Instrument are subject to a lien which has priority over this Security Instrument, Lender may send Borrower a notice iden ' �' that lien. Borrower shall promptly act with regard to that liven as provided in paragraph 4 of the Security Instrument or shall promptly secure an agreement in a form satisfactory to Lender subordinatin that lien to this Security Instrument, Failure to provide evidence that Lender has first lien shall co default under the terms of this Note. constitute a :i. TRANSFER OF THE PROPERTY If there is a transfer of the Property subject to paragraph 17 of the Security Instrument, Lender may require (1) an increase in the current Note interest rate, or (2) an increase in (or removal of) the limit on the amount of any one interest rate change (if there is a limit), or (3) an increase in the percentage points to be added to the current index for the purpose of calculating interest rate adjustments aspexplained in Section 2 (B) or (4) an increase in the maximum interest rate to be paid over the life of the loa or of these, as a condition of Lender's waiving he option to accelerate Provided in ara 11 g p . p P graph 17. G• COVENANT DELETED Non - Uniform Cuvenant 21 of the Security Instrument ( "Future Advances ") is deleted. By signing this, Borrower(s) agree to all of the above. Keivin L. Shearer -- -I iur rnw� r r Yv - v- ris,cr +w•rr STATE OF NEBRASKA........ ?k?1.1.... .. (:aunty ss: On this . 301ah 'day of .... N)l i ] 1 J 8 5 before ine , the undersigned. a Notary Public duly commissioned and qualified far tiaid count��, lrt'r,eyntelly carnu� Kel.vfri I,,. $hearer s t��...Yypnrrcq.. •..Sb ii.reri. huPb411d and wifcvy.. . to me known to be the identical person(.$) whose nanre(s) are suhse•ribed to the fe�rc�oing in;trum acknowle(Iged the, execution thereof to he their ent grnei voluntary act and deed. ` rl -NESS my hand and riot, +rial scar! ,It I;x 3r e� )" ;a n�ir �k k�r. �.�kei they (later aforesaid. in said cminty, G M NOTARY SIP nl � Sal M% C'enwilissiean CONNIF S BAILS MY CWM f.Yp W B 1, 1 ,.