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84001566
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84001566
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Last modified
11/18/2008 9:24:04 PM
Creation date
11/18/2008 9:22:13 PM
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DEEDS
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84001566
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I <br />Loan No. ....57.093-1-18..... <br />~ - ooi5ss <br />ADJUSTABLE RATE LOAN RIDER <br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WfiICH CO1+ITATNS <br />A PROVISION ALLOWING FOR CHANGES IN THE IAlTER13S'F R~iTE: IN= <br />GREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAY1V1~1'I`S• , <br />DECREASES IN THE INTEREST RATE WILL RESULT IN LGWER PAYII'1'3. -- <br />This Rider is made this .. 23rri _...... day of ...............k1~'Ct-.-..........._..., 19.139_.-, and is ~,: <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed :to Searne-DfbE= <br />(the "Security Instrument") of the same date given by the imdetsigtted (the "Bw'row~") to eeempe Iilfp4 <br />rower's Note to ° -- -.....--- .._°.--- ------- - - -------_....--°------ •- -•----......._.._........----•..._...._._._._.._.__....:.:_.:..~~. <br />First Federal Savings-_and--Loan_AssogiaCioq-of,-Lincoln a._Unlted. StBtPep„COZ3fotatioa <br />( the "Lander") of the same date (the "Note') and covenng the property deectfbed:in the' 8eanitq <br />ment and located at .3008 -west ll _.._..G>:and-.Island,.afahraska..fiflBllL...__... <br />Property Address <br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Inetrutaegt; I3ot- <br />rower and Lender farther rnvenant and agree as follows: <br />:1. INTEREST RATE AN'D MONTHLY PAYMENT CHANGES <br />The Note has an `"Initial Interest Rate" of---....11._400....% <br />Interest rate changes may occur on the lot day of .___......_..._._.__.._ J]!lY .............+ 19.85.. and on the <br />1st day of . _..-. ......._._........OSbs_1?~5.._..., 19.5... and on the 1st day of ._...._.__.......--..aI17.Q{t~T.,Y.----., I9.$IS.. <br />and on the 1st day of ..... - _..__.__...... ~Ea_l_lr......_..., 19..$.(?.. and on those dates of those months in ever~r <br />veer thereafter. Each date oo which the rate of interest may change will be called a "Rabe Change Date . <br />Changes in principal and intemrt payments to adjust amortization of the loan to correspond with <br />interest rate changes shall be made on the 1st day of .._.-..._._ -- .............Apcil....___..., 19Bb... and on that <br />date even. ------- yearts) thereafter. Each date on which the principal and interest payment may <br />_. .... <br />change µi11 be called a "Payment Change Date". <br />Changes in the intemst rate are governed by changes in an interest rate indez called the "Inds:". <br />Check twz(ea) to indicate Indez. <br />i 1) `' "Contract Interest Rate, Purchase of Previously Occupied Hamel, National Average for all <br />'Major Types of Lenders" published by the Federal Hame Loan Bank Board. <br />f2) ~ Adjust.abl~..Raze..uo4e-_- E1~mthxs_.axaxajtg..l'.i,alA..nn..U~.S.:...:I.4~.aau~Y..;acuFl.I.t~a--- <br />ad jested-, to_a-,cunst,an_4-..t4a5$.t.ll=k_.u( 1. Y.~ax vubli,shad_.W!...tAe..Fgdatal-. Resarvv..~Qacd~----....--.-..-- <br />Check boztes) to indicate limits. <br />f 1) '; II this boz is checked, there will be na nuutimum limit on changes in the interest rate up or <br />down. The Preliminary hate referred to in the Note, µi{I be the new intenwt rate. <br />{2) If this bo: ix checked, the inb`reat rate that I pay shall not increase more than ___,_.._...._., <br />pan.•entaga points on any Rate. Change Date. <br />(,i) ; _ if this boz is checked, the iater~t rate that 1 pay shall not decrease more than .___.__....__. <br />parceatago paints on any Rate Change Date. <br />{;) gl lE this bcuc is checked, the interest rate that 1 pay shall never be mote than ..13...450.....° <br />during the penod I have aiy loan. <br />(5) r$2, Ii this bo: is checked, the interest rate that I pay shall never 6e less than ..0_..._......_...eJa <br />during the period I have my loan. <br />{fi) ~; If this kxu is checked, the principal and interuYt paymeni that I pay shall nos increase more <br />than _. _ , a _ .. percetti on any Payment Change Date. <br />(;) ':~ If this box is checked, the principal and intemst payment that I pay shall not decrease more <br />than _.._.....__. _ percent on any Payment Change Date. <br />The manth)y payment amounts will also change on Payment Change Dates as provided in the Noto. <br />I3ecxitae payment changes may occur lees often then inixresi rate changes and/or tray be subject to certain <br />limitations described to the Note, the monthly payments may be insufficient at times to pay accruing <br />interest, fa such case, unpaid interest is addeKf to the principal balance of the Nate and itself will accrue <br />intert~ci thereafter. <br />Ywun ail <br /> <br />u <br /> <br /> <br />
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