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84001574
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84001574
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Last modified
11/18/2008 9:29:24 PM
Creation date
11/18/2008 9:27:30 PM
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DEEDS
Inst Number
84001574
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<br />84 -~~~ 00157 <br />Loan 7`To..-..Sb659-.L-18...... <br />ADJUSTABLE RATE LOAN RIDER <br />NOTICE: THE SECURITY INSTRUMENT 3EGURE3 A NOTE WHICH CONTAINS <br />A FROVIS[ON ALLOWING FOR GRANGES IN THE INTEREST RATE. IN- <br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS: <br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.' <br />This Rider is made this ._...26tta....._.. day of .--.-.._Max'~11......._.-._...-.._-., 19-8A_.-, and is incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt <br />ittte "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor- <br />mover's Note to ....--__.....-.---.._._.-__..........._..-....-_......_._.._..-.._...-....._...,...° .........................°.°•- <br />First-Federal--Sayings.__;irtd.-Losq.ASaor_iation, of_Lincoln,-,a.Uniced StaCea corpgtation . <br />(the "Lender") of the same date {the "Note'.') and covering the property deacrfbadm fire $er;uetg Imtnt- <br />ment and located at 43]<.-SNatl..)<a.AC. __ -.._ _ ..__....Grand..Island,_.axebraaka..bfla3f)1...°.-.--. <br />Property Address <br />NOlliFICATIONS. In addition to the covenants and agreements mach in the Security Ieatrtrment, Bot- <br />rower and Lender further covenant and agree as fallawe: <br />\. INTEREST R:\TE AND MO?V"CI1LY PAY111EIVT CHANGES <br />The Note has an "Initial Interest Rate" of...._.11.-~cfl0... °'o <br />Interest rate changes may tx:cur on rho ist day of . ....._...____....._..7ulX._......--., 19..$x.. and on the <br />1st day of _.. - ..- .- .. _-. __.UctaSer.__., 19.85_. and on the 1st day of ..._._ .............sTat{ltatx......, 19..~fi_ <br />and on the 1st day of _ ...-.Aq.rll._......, 79..fffi.. and on those dates of those months in every <br />year thereafter. Each date nn which the rate of interest may change will be called a "Rate Change Date". <br />C'hanKes in princi 1 and interest payments to adjust amortization of the laen to oorreapond with <br />interest rate changes shall be made on the 1st day of . -.._-. .. .__ _..._ .April._._....._, 19.fl6... and on that <br />date every ------- year{sl thereafter. Each data on which the principal and interest payment rosy <br />change wyli be called a "Payment ('hangs Date". <br />C haages in the interest rate am governed by changes; in an interest rate index called the "Irides". <br />Check box(es) to indicate Tndez <br />t i) `' "Contract Lntere~zt Rate. Purchase of Previously Ocrupievl Homes, National Average for ell <br />Slsjor Typee of Lenders" published by the Fedemt Home Loan Bank Bnanl. <br />(2) ~}[; .~djsutiable..AaLt:-.;foie. - '~,inch],y...surfcaiir--Yield-.tttl..'J.,.`~.a...T.Cixd114F,y..s~.&uSi-4.i9$... <br />ad juated- -[.o-.a constsat. ~acurit.r. oi..i yea.t. puhiisiu:ci..bY--t<he.-}'.udaral...At:se.CYg-.$.Rc~JCd.. ................. <br />Cheek lwx{r~) to indicate limits. <br />(t) y' If able box is checked, there will be no maximuzn limit an changes in rho interest rate up or <br />clown. '1'hc Pmliminan Rate referred to in the Noie, will be the new interest rate. <br />(2) `; II this box is chocked, the interest rate that I pay :;lwil nut inanase more Chart _..-----..-.._. <br />ixrc'rrttage points on any Rate Change Date. <br />t3) °_) It this twx is checked, the intsre~t rate Ghat I pay shall not decrease mare than ..-__.. <br />...... <br />percenUtgo points an any hate Change Date. <br />1i) ,~ If this bo: iv chocked, the interest rate that, I pay shall never he more than ..13.9.54....% <br />during tlm period I have my loan. <br />i5) ~ if this 1wx is rherkoti, the interest rats first 1 pay shall never be leas then ..A ...............~o <br />during the ixriod I have my roan. <br />(6) i ? (f this kxz is checked, the irrincipal and intsrcrett payment that I pay snail net increase morn <br />than percent ort any Payment Change Date. <br />t :) '~_' if this baz is checked, the prin~~rpai and interest payment Ghat I pay shall not decrease more <br />than ..... percent on any Payment Change Date. <br />The monthly payment amnuncw will also change on Payment Change Dates as provided in the Nate. <br />Biecauso payment changes nwy occur [ass often than interost rate changes andjor may he subject to certain <br />iimitationa da,~ribed in the Noss, the monthly pa merits may be insufficient at times to pay accruing <br />internsG Tn suc:h rasa, unpaid interest ix added to the principal balance of the Note and itself will accrue <br />interest thereatfter. <br />v«,v <br />U <br />l.~ <br /> <br />
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