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84002129
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84002129
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Last modified
11/19/2008 12:58:06 AM
Creation date
11/19/2008 12:56:16 AM
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DEEDS
Inst Number
84002129
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<br />Loan No....57b82-1._18..-... <br />ADJUSTABLE RATE LOAN RIDER <br />"fl4 -" 002129 <br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS <br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- <br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMLNI'S: <br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br />. 23rd 1- ..-...-., 19._84.., and is ' <br />This Rider is made flue ...----- ............. day of --.......--------..~1.- rnoorporatad <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure-Debt <br />(the "Security Inatnnnent") of the same date given by the undersigned {the "Borrower") to secure Hee!- <br />rower's Note to .-..- ------°-- --.......°°- --°-- -- --- :----°------------:--•--------°------°-~ --°--._........~_.-..-------.._..._. .. <br />1?irst, Federal.. Shvings, ard_Loan. Association of Iarrcoln, a [hutad_ States-ctz~xtratfcit~... <br />( the "Lender") of the same date (the "Note) and covsnng the property described m the Sec~iix-Ina6ta• <br />meet and located at 2131.Ihverside Drsye. ..._. .....-S#s'1F!!~. Y$_78F!3~. ~'~'a~. 6 ._.._.__..... <br />Property Address <br />MODIFICATIONS. In addition to the covenants and agreements made in the Secur'itY Irretemnerk, Bor. <br />rower sad Lender further covenant and agree ee follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note has an "Initial Interest Rate" oi.__.11..540.--_% <br />IntemeL rate changes may occur on the let day of .._----------------------- A!?~t_.._.._ 19..~r--_.. end oat~4 <br />1st day of ......._._-._..- ----.....=!iD!te>~r-..-.. 1~~.... and on the let day of ....---_.._._...... ~.._, I&~-- <br />and on the let day o( __....-._------.-.-..._.?>sY..._..._....., 19.x?... and on those dates of tltoas months in esse,~r <br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Glisasa Deb'. <br />Changes in principal and interost peymenta to adjust amorfirstion of the loan to coseeapeed with <br />inta:reet rate changes shall be made on the 1st day of --._._---.._.--.--..-.__..I7tLX ................... 11~i.... and onthet <br />date every - ---.----.-... year(s) thereafter. Each date an which the prinapsi and interest payment may <br />change will be called a "Payment Change Date". <br />Changes in the interest rate ere governed by changes in an interest rate index called the "Ittdes". <br />Check hos(es) to indicate Index <br />(1) ~, "Contend Interest Rate, Purchase of Previously Oacrrpied Homes, Natiesni Average for a8 <br />4fajor Typos of Lenders" published by the Federal Home Loan Bank Board. <br />(2)?L? Adiustalsle,.Fate..Flnte..-.klonthlY---auerage..Yee).d.-SI9_!~~r__'!_>~Y._~... <br />adjusted [0._3.aoastaat..matvritX_nf_1..y~ar._gUbiistle~d_.Y>F..fife..I?ftl..~ASx'~...s--------_-.,.._.. <br />Clmck box(es) to indicate limits. <br />(i } ; ] II thrs tint fs checked, there wrll be uo masamum limit OR Changes in the interst rob.. ter er <br />down. The Preliminary Rate referred to in the Note, will be the new interest rate. <br />(2) ^ if this bus is checked, the interest rate that I pay shall not trrcresse mote than ..............°-°. <br />per4rntage points on any Rate Change Date. <br />{3) ^ If this 6os is checked, the interest rata that I pay shall not decrease morn then ..._ ............... <br />peeertage poiuts on any Rate Change Date. <br />{;) fl If Chia box is checked, the interest rate Wet I pay etrsll Haver he mom:tho .I~..4~1._.!~ <br />during the period I have my lase. <br />{51 ~ It this bos is checked, the interest me that I pay shall never be leer thsn:,A-° .............~ <br />during the period I have my loan. <br />{6) fi~j' If this bas is checked, the prmppal sad interest payment that I pay shell not irrccreue more <br />thou .------ --...--°-- pennant on any Payment Change Date. <br />{7) ~ It Wis bo: is checked, the prinrpsl and iuterest payment Wet I pay shell eat decmeaa mom <br />then .--._.-_.-.--..._ peoert oa any Payment Change Date. <br />The manthty pryme~t amounts wifi also change on Payment Chance Dates as pmvidsd in the Note, <br />l3r+canse pwvmeat changes may oa~ur leas o[USn then iRterer+t rate rleages and, ar say be subject to crrtafn <br />limitations deaceibed in the Note, the menthly payments may be imufficient at times to paY acccrsing <br />inteeesk. In such case, unpaid interest is added to the priacipai balance of the Note and itself wiU aonRSs <br />uttereat thereafter. <br />~ so <br />u <br /> <br />~ ~ <br /> <br />
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