84000363 - Laserfiche WebLink

Browse

_~- NOTICE: THE MORTGAGE SECt1RE5 A NOTE 4NHICH CONTAINS: A PROUIStON ALLOWING FOR- GHAN6ES IN THE INTEREST ,RATE. _ INCREASES 1N THE- INTEREST RATE WILL RESULT IN HIGHER- - PAYMENTS: DECREASES IN THE- INTEREST RATE WILL RESt1LT IN- , LOfNER PAYMENTS. This. Rider i5 made this 23rd -day of January 19 $4', and is incorporated into and shall 6e deemed to amend grid supplement the.Mortgage of even date- and attached hereto given by the undersigned. (-the "Eorr•ower") to secure Borrower's Note to The United States National Bank of Omaha', Nebraska' (the "Lender"} of the same date (the "Note") and covering the property described in the Mortgage and located at 4©39 Patchwork Place, brand Island, Nekraska Lot Eighteen r,ifi}, inn & 6 u ulYlston, a oun y, .,e ra a (Property Address Modifications. In addition to the covenants and agreements made ~n-the. Mortgage, Borrower and Lender further covenant and agree as followsi A. INTEREST RATE AND MONTHLY PAY"MENT CHANGES The Note has an "initial Interest Rate'" of 11 3/4 °, The Note interest rate may be increased or decreased on each Change Data, as described in the Note. Changes in the interest rate are governed by changes in an "Index." The Index is the U. S. Treasury Securities - Qne~Year determined in the second calendar month preceding -each Change Date. Such changes in interest rate will occur an The Eirst of February Commencing February 1, 1986 Increases and decreases in the interest rate are limited to a change of 2 `~ each Change Date. If the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Nate. Increases in the inter- est rate will result in higher payments. Decreases in the interest rate will result in lower payments. B. LOAN CHARGES It could be that the loan secured by the f+iartgage 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 collected in connection with the loan would ex:eed permitted limits. In this event, then. (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to permitted limit; and {b} any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrawer. lender may r_hoose to make [his refund by reducing the principal owed under the Note or by making a direct payment to Borrower. C. TRANSFER OF 7HE PROPERTY I€ there is any transfer of file property, including a transfer _ described- in Paragraph 17 of the Morige~ge, i.ender• may require either an increase in the current Note interesC rate, an increase in the Base ~~ Index figt,re,~or a_change of =any of thr^^. loan terms, as a condition of Lender waiving,-the option to acceicralo provired in Paragraph 17. By signing-this, Borrawer agrees to all ai the about-. _~ ~' Raman L. Eickhoff B awer ' JoAnn E. Eickhoff Bata°ow~r~`