Laserfiche WebLink
I <br />84 =t~ooa~o <br />R I [] E R <br />NOTICE: THE P~ORTGAGE SECURES A NOTE WHICM CONTAI-NS A <br />PROV`ISiON ALL0INING FOR CHANGES IN T`h{E INTER-EST RATE.- <br />INCREASES (N THE fNTEREST RATE WILL RESULT IN HtGHER <br />PAYMENTS. l3ECREASES iN 'ENE INTEREST RATE WILL RESULT' 4N <br />LOWER PAYMENTS. <br />This Rider is made this 16th day of January 19'84, and-. is <br />incorporated into and shah be deemed to amend and suppternent the Mortgage of <br />even date and attached hereto given by the undersigned (the "Borrower") do <br />secure Ba,,.,wer`s Nnte to The t!r,ited States Nat;nr,ai iSanlc of r]maba; Nebraska <br />(the '"Lender"; of [he same date (the "Note", and covering the property described <br />in the Mortgage and located at 55$ East 14tFt Street <br />E35' of Lot i7 and all of Lot 16, in Bloe I, in B ain prom tote 1 y- <br />fVebraskd~ <br />Property Address <br />Modifications. In addition to the ccvenan[s and agreements made in the. <br />Mortgage, Borrower and Lender further covenant and agree as follows: <br />A. INTEREST RATE ANC1 MONTHLY i°AYMENT Ci{ANDES <br />The Note has an "Initial It7terest Rate" of li 3~4 ~,. 1'he Note <br />interest rate may be increa~:ed or decreased ora each C=hange Date, as <br />rirscrihed {n the Note. C{ranges in the ;merest rate are governed by <br />changes in an `Index." The Index is the _ <br />U. S. Treasury Securities -none eater - <br />_ __, determined in the second calendar-month <br />preceding each f~hange rJate=. Such changes irr interesC rate will oCCUr <br />on The Fi rsi of February Corut>enci;rg feGruary ? , 1985 <br />Ir;eretv~ca :,cad <4ecr-eases in the interest <br />rate are limited to a change of 2 ~ each Chance Date. <br />if ttte rmer•est rate :h=+ncc5, tare arn~unl ut fierrower's monthty <br />payments wilt ct;ar~ge as prc,~vided in tr;e "-rote. Increases irr ltre inter <br />ast rate writ resort in higtrer paynaer7is. Decreases in the +ruerest rate <br />will resort in lower payments. <br />t3. LOAN CHA32GES <br />it could be ttrat the loan secured by tl~e Mortgage is st;biect to a <br />raw which Sets rnaxinurna ;oan charye_s and that f<rw is interpreted so <br />that the interest or other !nor, ;:barges ccilected or to be ccilected in <br />connection whit the loan would exceed permitted ISmits. In this event, <br />then: Ca) any such loan ;-harcre shah b? reduteci by tt~c amount <br />necessary [o reduce the charge to permitted iiorit; and ~h) any sums <br />already collected from Borrower which exceeded permitted Iirnits :will be <br />refunded to Bvrrawer. !ender may choose to make this refund by <br />reducing the principal owed under the Note or by making a direct <br />payment to torrower. <br />C. TRANSFER CaF ThiE PROPER T Y <br />IF there is and- transfer ?€ t°;e pr•ope+-ty, ;ncluding a transfer <br />described in Paragrapf~ ?7 at the Mortgage, !_e;ader may require either <br />arr increase in the current Note interest rate, an increase in the Base <br />index figure, c>r a chantle of zany ui the i:1F+rt ir~rms, as a condition of <br />grader soar-ving. ll~ae option to accelerate pravicii^d rn 4'aragraph 1"1. <br />6y signing this, Borrower agrees to all of the above. <br />_..~ . <br />Aivrr ~+.~Reimet•s '~~t~orrower <br />,. z <br />"`3attt ~ ~`etmer4 (3arrrlwe±°• <br />