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84001214
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Last modified
11/18/2008 6:45:39 PM
Creation date
11/18/2008 6:43:31 PM
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DEEDS
Inst Number
84001214
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<br />Loan No:.....5539.7.'-l: >i&._.. <br />ADJUSTABLE RATE LOAN- RIIIEB <br />~ 84 --..001214:. <br />NOTICE: THE SECURITY IN$TRITMENT SECURES A' NOTE WHICH CONTAINS <br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- <br />CREASE3 IN THE INTEREST .RATE WILL RESiZT IN HIGHER PAYMENTS: <br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br />This Rider is made this ..._$~?__.....-._-. day of ..._._._..-_..-_..._.,ch:_..__., 19_-E34.., and is incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed to Secure Debt <br />(the `'$ectrrity Instrument") of the same date given by the undersigned fthe'`Borrorrer") to secure Bor- <br />rower's Note to ...................._.- -°-------°--°----°--°•-----_..---_....._........_...._.......__..._:.__:-._....•._-• - - --- ---------..::..:.. <br />First Federal-Saying,~._~nt(-_?:P~ti_.?+~&ReiaCiAn..tff,..T,inCaln.,-a__tintt6d:_S.taiea..carpaiatinn... <br />(the "Lender") of the same date {the "Note") and covering thePropertp-tleaeribed=irt the Security Inatru- <br />went and located at ..425 Dtah- Ayenue.__.__-----__._._.._._....-_._.Grand~Ssland.,...Nebraska-b8ECi1-°------- <br />PropertyAddreaa <br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Inetsumeat, Bor- <br />rower and Leader further covenant and agree as fallawa: <br />A. INTEREST RATE AN°D MONTHLY PAYMENT CHANGES <br />Tho Note has an "Initial Interest Rate" af.-.._..11,,_~QO,...a~ <br />Interest rate changes may occur on the 1st day of .._...__..--.-_--._.._..._._&psil__._.--, 19:.85__ and on,the <br />tat day of .._._..----.-.._--.___..Qc[aber.-._., 19-85... and on the 1st day of ._.._-----_-....___-.Agril.._...._, 1fi:;8fx= <br />and on the let day of _..-.__ ..............----..Qcinbn_r-.-.., I9..8.b.. and on those dates of those months in everiv <br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date . <br />Changes in principal and interest payments to adjust amortization of the Loan to correspond with <br />interest rate changes ' 1 be made an the Ist day of ............._....,.----.-..._apzll_...----.-.., 19_gb_. and on that <br />date every ...-------_... year(s) thereafter. Each date on which the princcpal and interest payment may <br />change will be called a "Payment Change Date". <br />Changes in the interest rate are governed by changes in an interest rate index called the "Indez". <br />Check boz(ea) to indicate Indez. <br />(1) ~ "Cantraet Interest Rate, Purchase of Previously Occupied Homes, National Average for: all <br />Major Types of Lenders" published by the Federal Hame Loan Sank Board. <br />{Z) ~'- -1ctaGtitzT.e..c~ate_.,5a.t,e_:-.~'iuushty..avarage...yield..un..U..S„_.SseasurX-.Secuzix.ies:.. <br />adjusted, ca.~.S_4111;~.~ttk..i4,aiuxlt3=..o£.-.l._.ear_puullshed..by._.the..Faders.t_ResarYe-_A.aard..--.---.-_...-_.. <br />Check ooz(es) to indicate Iimits. <br />(1) ~ ?1 this boz is checked, there w[ti be no maximum limit on changes in the interest rate up or <br />down. The Preliminary Rate refereed to in the Nate, will be the new interest rate. <br />(2) ~ I# this box is checked. the interest rate that I pay shall not incrnase more than ...__--.•---.-•-- <br />percentage paints on any Rate Change Dato. <br />(3) ~ If this hoz is checked, the interest rate thai I pay shall not decrease mare Than ..._ ............... <br />percentage paints on any Rate Change Data. <br />(d) ~j If this box is checked, the interest rate that I pay shall never be more than ...1.;,.q3q,.°-°/p <br />during the paned I have my loan. <br />(b} ~f If this box is checked, the intermit taro that I pay shall never be less than ..g,~pt}.._...m <br />during the period 1 have my loan <br />{,b'} ~ If this box is checked, the principal acrd interest paymettt that I pay shall not increase more <br />than ....-_. _._-...... percent an any Payment Change Date. <br />(i) ~t II this box is c}tecked, the principal and interest payment that I pay shall not decrease more <br />than .................... percent an any Payment Change Date. <br />Tho monthly payment amounts R°iif also change on Payment Change Dates as provided in the Note. <br />Because pavmeat changes ma occur less often than interest rate changes andJor may be subject to certain <br />limitations described in the Note, the monthly payments may be insufficient at times to pay accncing <br />interest, In such ease, unpaid interest is added to the pnncipal balance of the Note and itself will accrue <br />interest thereafter <br />~~ sa <br /> <br /> <br /> <br /> <br />
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