84000521 - Laserfiche WebLink

Browse

8~ --'t-t~Q521 sT~L~ ~~ ~unEx TFIIS:tCt3]USTAHI:ERATE'R[DHR•ismadethis 11th. day of .lan~ar~ ,,,Ig_~"~ and ia`ineotporated~In[oand:ahall tie deetned~to amend end-supplement-the Mortgage,' Deed-of Trust, or Deed>to Secure 1-{ttie':"Seeurity_~ ttutrtttoeat'ryofthe.s»isedategivembytheuttdersigtttd(the'•B«cower")wscaoreBorrower'sAdjustabk'RateNotcto. NBME-FEDi li711flNfiti i I:Ci1zN' ABtttiClATK1N' OF 4RittND"15LAND, NEBN~61(A (the"Lewder")ofthesamedate(tlx••Notr+')' aruf covering: [he property described in the Security lnstrntrtent and logted at: - ~ - - 716 W. 15th Strl=et. Grand Islarrd.LNebraskr~688f11 (Property Address) - Tie NoH coaWr provisions allowiK tor' cfnyer h tie Intereaf tam. H ties i~Mast` rale< increases, tie Baerowrr'a asoatWy p.yeata wlp Eie YRYer. If Yin iitlereN rate dam, IYe Bnrrower's twontiy WYmewb wBtbe lower. ADDITIONAL COVENANTS. in addition to the covenant and agreements made in the Security Imtrummt; ltorrowa°and°leadat further covenant and agree as follows: A. INTERE41' BATE AND MONTHLY PAYMENT CHANGER The Note provides for an initial interest rate of _ 1 i 4s. Section 4 of the Note provides- for changes in the interest iate-attdil~< monthly payments, as folkzws: 1. INTEREST RATE ANf} M(INTHL Y FAY,MF_NT CHANGES (A) ~ ~ The interest rite t wilt pay may change on the ) t t day of MdrC h- - 19 A5. , attd----- onthat day of the month every 12 months thetcafter. Each date on which my intoest rate could change is called~a "Claoge-Hata_" - (~ Ties Ides Beginning with [he first Change Date, my interest rate will be bassd on an "tadex."The Index is the wxkly average yield on United States Treastuy securities adjusted to a constant maturity of _nna years, as made avaiLble by the Federal Reserve Board. The-most re«m Index figure available a; of 43 days befare each Change Daie is Called the"Current Index." If tfie Index is no longer available, the Notc Holder will choose a new index which is based upon rnmpanble information. The Note Balder will give me noti« of its chaff«. (C) Calt~lntlonofCWges Bdocecach-Change Date, the Note Holder will calculate my new interest rate by adding fiiwt anti nna_ha 1 f percentage points t_ 27 zfs) to the Current index, and counding to thrneuest l: 8t9e. The sum will be my new interest rite. The minimum interest rite onthis loan witi b<no less than 9~ '4r, The maximum infant raft on this loan will be no mote than jq,Ft y'r, The Note Holder will then determine the amount of the monthly payment that would be suificirnk to repay in f,dl theprittcipal I am expested to awe pn the G7tauge Date in subatanoalty equal payments by fhe mazarity date a[ my new interest rate. The rnult of ibis calatiation will bathe taw amount of my monnlty payment. tut EYtectlve Date of Citnga My nets intertat rate will become effective oft each Changes Date, 1 wits pay the amount of my new monthly payment beginning on the first [nanthly payment date afttt the Change Data until the amount of my monthly payment changes again, (IH Natice:a[ Cinngas The Note Holder will mail or delivu to me a notice before eat;h Change Date. The noti« wip advise me of: (i) the new Interest me on my loan as of the Change Date; (iij- the amount of my monthly payment fnltawirtg the Change Date; ([iij any additional matters which the Note Holder is regttued to disclose; and (iv) the title and te)ephonc number of a person whn will answer any question 1 maY have regarding [he noti«. L CNANI".65:I.IENS Uniform Coyewnt 4 of the Security Inatrutnen[ is atrkttded to read as follows: 1. Cirwat 11ena. Borrower shaft PaY aG taxes. asstsstnenis, and other charges, fines atni im petitions atvibtttable to the Property which.may attain a priorityover-this Savuity lostrutttent, and leasehold lwynurtts of ground rents, if any, itt the manna provided tender paragraph 2 hereof err, if not. paid in such manner, by Borrower making payment' when due, direcdy to the paYet therarf. Borrower shall promptly furnish to Lender ail noti«s of amouma due undo[ this paragraph, and in the event Borrower shalt make payment ditecllY, Borrower shag promptly ftttaisjt io Lettda retsipts evidnttcing such payments. $orrowa shalt promptly discharge any lirn which Fats priori[y over chin Security fnstrtwtwF; lwwev~, BortNwed sha)1 nest betequ)red to discharge any such hco so long as Harrower: (a) shall agree in writing to the payment of the o1lBptiao scatted by such lien is a manna accsptabk w Lender; (b) shall in goad faith contest such lien by, or defend against enfor«ment of stKJt iieti in, kpipraoeedattg~-which in the opittioa of Lender operaze to prevent zhe mfor«meot of the lien or forfe$tue of the~Property or 'any pan tttesetif: oe.{c)sha11 set:urc from.-thcholder of stxdt lien an agrectncot in a form satisfaaory to Leader subordinating such lien to this Seotrity ]astrutaedt._ If Lanier deteentipKS:tMt.aH.ot any-pt4:t of t}te Property is subject W a ilea which may attain a priority over this Security Lutrumm., Lender shall gix Hecrtiwer:a ttofia!-ttfy[gg such flat. &urowtr shat) satisfy such hrn or take nna or more of the actions set forth above within tm- days of thrgiwittg uFths~tttMige.. >M NOtfIC6 Uniform Covewn[ z 4 of elssS~otytrity inprtutusi is atn<xaded to rewi as follows; K, !tiaska. 1repapt fa any ttatioeregtr)fed-underappkicabk.law to be given in another manner, (a) any ttoti« m Harrower -~ +Sscsuib t[Wraatt>tt chat{ be 4teo by-dell provsded fat in this wvittyitot by tttatiing n.by f3ystdass mail to Bmrown at the Protxsty Addressor ere stxh otttet address tls Ypatvwer may .kuamtc by nwtiza to ],Jeatin[ as prstvittad-hams, and (b) _any tmtic¢ to Lender shalt tae givers bw fts+t class zttail to Lenders a69tets xated hest a to atwh uthar adt[as l;,eattf~-tn[ky:,~ bY-ttarkeW, Hottower as prov{dad herszt, Atzy nmice provided far in zhix '..meat izy ffutrta»n.t rtatH 4o dernwi tn)sa+te bdm']tivtm.to BOrrotvkt ur tettdnr wlsrtzgivta] tnthc matntzer• dcsignazed ]xrein.