84001348 - Laserfiche WebLink

Browse

84 '- 001t~8 Loan No.....5zO5b-1x1.8..... ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUl4IENT SECiJRF.S A NOTE-WHICH CONTAINS A PROVISION ALIAWING FOR CHANGES IN THE- INTEREST- RATE. IN- CREASES IN THE INTEREST ELATE. WILL R)sSULT IN HIGHER E'AYD~NTS., DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENT-S " This Rider is made this ....-...7,~tla...._., day of .__.-...--1`7axxkt_._-°-------._...,., I9__$4_, and is incorporated' into and shall be deemed to amend and supplement the Mortgage, Deed of'Trust; or Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor- rower's Note to ..-- °........._........_..._..._.--...---°-------- -- -------°--------._..._,.__..~.._...._.:....-':.---° -~..-.. First Federal Savings-and-Loan Assoei.ation oi: Lincoin a. :United States corporation (the "Lender") of the same date (the "Note") and- covering thepi~opertydescribed inthe Securityln9tnr- went and looted at . tf34 ChantillX,- , ...-.... ._...._..Gxattd..Zsland.~-Kabsaska--(z8$Ol_..---...- ........ Propertg Address l1fODIF'ICATION$, In addition to the covenants and agreements made in the Security Ittstrtrment, Bor- mwer and- Lender further covenant and agree as follows: .i. INTEREST RATE AND MONTHLY PAYMF.N'T CHANGES 'i`he Note has an "Initial Intermit Rate" of__._...li~ ~ ~.Q9_...aje Interest rnte changes may occur oa the lst day of ...-.--__-__._--_-_.----~u~-Y .............. 19_$S._: -and on the tat day of ......._..._...._....-.__ 4g,S.411~1....._, I9.ti~.__ and on the 1st day of ..................»._...aL?iYAdX$.....-, 19..96.. and on the Ist day of -... _.- ..-----.-.._.....__AFSI.I.....___., 19..$k.. and on those dates of those monttrs in every y^ear thereafter. Each date on which the rate of intortst may change will be called a "Rate Ctisnge Date". Changes ifi princippaal and interest pay-manta to adjust amortization of the .loan to correspond with interost rate changes shaIl ix: made nn the Ist day of ..............._.....-_.,.,....ApriL..........., 19:86... and on that date every ....'--:"~'..., yeasts? thereafter. Each dato on which the principal- and interest payment may change will ho called a "I'syment Change Date". Changes inn rho intst rate are gcverried bY" cttartges in an interoat rate index called the "Index". Clark boxt~) to rtdicatc Index. `1) '"' "~oatract Interest RaEs, Pu3ch_ Sse of Pceviously pcc~upied Tiumcs, :Qational Average for all i~fajor Fyn o!' Lendaia~` published by the 1?i•deral lionte l.~xarr Bank Board- (2j ~ .f9:~.~$.bY~...~>r_~islta.--.1foaCbiy...aver,:e8s:..~~.lc,la..an._~1.~.~,...;C.rcasv-rx.-Se.c.uxt.tl.as..- ad,jua*ed„ra a car-slant,~raa_€.~l<~I3:_i}~_~..Yg~r_,I?ilAl,i,hhTJ...kS' tl~c.ke.d.s;xal. ~z.S.e.cvt..~.4arc1•-- --...-_..:- Check trottea; to iradieate litnita. (1} ;'`~'; If thin box is checked; Ihe~-wilt be mr maximetrtt.iimit;on changes in the interest rate. up or down. "l'he Preliminary Rata referred. to in the Moto,-will be the new interest rate. (~} t~j If thin box is rheeked, the interest race-drat I pay: shall not increase more than _.......... erc°enta$e pourts on any Rste: Change S?ate. {3) r ~ if Chia-box is checked, the intar~t race that I pay shall not decrease mare than .. --- parcentage pointy an any Rate Change A:ita. {~) ~ if this b<rx is chockad, the intert~t rattii.that I pay' slwll never be most: than ..i.3..450.:...c'o clxtring the period 1 have my Ioan: fFrl ~-If Chia boa isclaeeltod, Cho int~r~st raga-that I ply shah never he lamas than _R . _...._-fib during the poriod I have-rr~y loan. (6~- ~ Tf this box is eh+at.'ied, the principal and Ynnterust pay3nent!that I pay shell not increase more Chart _..- .-....... percent un any Payment Change Date. t,?) [~ Ii this box is checked, the principal and inttpayment that I pay,shall,not decrease morL than ._.__.°__.,._,._ percent on any Payment Change Dste. The manthiy ppaayment amounts will also changa un Payment Change: DaEos as:provided in the. Note. Because payment chattgaa naay occur leas otters than intezeat rate.ehangea and/or may be sulaject to certain.. tiraitationa described in- the Rote„ the monthly pay to may ba insut&ciezat at tfnnea -te pay -accruitag irater+t~t, its auclx ease, unpaid interest is added: to theprincipa- balance a7 Cho Ndte and it~etf wilt nu~nra inteaest thereafter r~.~: