Laserfiche WebLink
85, 002305 <br />(5) El If this box is checked, the interest rata that I pay shall not decrease more than _ ............. <br />percentage points on any Rate Change Date. <br />(6) N If this box is checked, the interest rate that I pay shall never he more than ..13...95Q .... <br />g�. <br />(luring the penod I have my loan. <br />(+) ® If this box is checked, the interest rate that I pay shall never be less than ._.0 ................% <br />during the period I have my !oan. <br />(8) ❑ 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) [, If this box is checked, the principal and interest payment that I pay shal! not decrease <br />more than ...... percent 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 will <br />accrue interest thereafter. IWer 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 he 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 cannect.ion with the loan would exceed permitted limits. If this is the case, then: (A) any such loan <br />charge -hail 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 he refunded to Borrower. <br />bander may choose to make this refund by reducing the principal owed under the Note or by making a <br />dliret't payment to Borrower. <br />I. 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 first lien shall constitute a <br /><i,fault under the ternlq of this Note. <br />;a TRANSFER OF VHF: PROPERTY <br />If there is a transfer of the Property subject to paragraph 1" e,f the Security Instrument. Lender may <br />rejuire (1) an inereasc it the current NVot.e 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 calculsating 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 there, as a condition of Iender'-, waiving the option to accelerate provided in paragraph 17. <br />6. COVENANT I)ELETEU <br />Non-Uniform Covenant 21 of the Security Instrument ( "Future :Advances ") is deleted. <br />By signing this, Borrower(s) agree to all of the above. <br />STATE OF NEBRASKA, It-- I I <br />1rep, S. Neat <br />Kathryn A. Nea71 <br />County ss: <br />On this . 13th, day of . ViaY 19 85 , before me. the undersigned. <br />a Notary Public duly cornrnissioned and qualified for said county, personally came <br />,:,rag B. 2 and Kathryn A. 1, husband and wi f'o, <br />to rn( known to le the identical leerson(wt who- name's) are:.uhs+;ribed t,, the foregoing instrument and <br />acknowledged file execution 0wr,of to be their voiuntarc act and deed. <br />WI'T`NLSS my hand and notarial .seal ;et �t<arxl l l u t, P l�t.rtska <br />ele state afar id. in said county. <br />V t,P➢�e$ra rteN4Un ('xp,lfd'� <br />tlfSreMll� eta � Matxaeaa i'.`: ,,,,;.�,; <br />C'.O NIE 9 MAl F <br />=r Ceram Fafl �A�! g <br />