83005276 - Laserfiche WebLink

Browse

r I 83..JJ05276 2120 South 72nd Street, Omaha, Nebraska 68124 I will make my monthly payments at or at a different 'place'if required' by the Note Holder. (8) AmOunt of Monthly Payments 353.29 My monthly payment will be in the amount of U.S. $ . . . . The Note Holder will change my monthly payment as required by Section 4(CI below on the 6th Interest Change Date and on that day every 36th month thereafter. Each of tbese dates is called a "Payment Change Date," The Note Holder will also change my monthly payment on any Interest Change Date if Section 5(B) below requires me to pay the Full Monthly Amount. (C) Calculation of Monthly Payment Changes Before each Payment Change Date. the Note Holder will cakulate a new monthly payment sufficient to repay the unpaid principal balance on my loan in full 011 the maturity date at the Payment Rate in substantially equal payments. The "Payment Rate" is the sum of the Index figures on the five In~erest Change Dates preceedin~ a Payment Change Date plus the Current Index, divided by' the number 6, plus .. :,502. . .. 'h.reentage points (3., .02. . . . %), rounded to the nearest one-eighth of one percentage point (O.125%)'~~:ii~t n~~a;x~e~dman~9~Oj~terest rate changed I will pay the amount of my new monthly payment until the next Payment Change Date unless Section 5(B) below requires me to pay the Full Monthly Amount. (D) .Effective. Date of Pa}"'l'tlt Changes Until my monthly payment is again changed. I will pay the amount of my new monthly payment each monthbeginnitlg on the first monthly payment date after the Payment Change Date, or Interest Change Date if I am required (0 paytheFuU Monthly Amount. 5. UNPAIDPRINClPAL BALANCE (A) Changes in My lInpaid Principal Balance My monthly payment could be Jess than the amount of the interest portion of the first Full. MOl1thly Amount I owe or less than the interest portion of my first Full Monthly Amount after an Interest Change Date. If so, the Note Holder will subtract the amount of my monthly payment from the amount of imerest I owe and will add the difference to my unpaid principal balance each month until the next Interest Change Date. The Note Holder will also add interest on the amount of this difference to my unpaid principal balance each montb. lIntil the next Interest Change Date when the Note Holder determines my new rate of interest on my then unpaid principal t>alance, the rate of interest on the interest added to principal will be the rate determined in Section :2 above. My monthly payment could be more than the amount of the Full Monthly Amount. If so. lhe Nole Holder will subtract the difference from the unpaid principal balance of my loan each month until the next Interest Change Date as if I had made a partial prepaymel1t under Section 7 below. (B) Limit on Unpaid Principal Balance: Required Full Monthly Amount My unpaid principal balance can never exceed a maximum amOUl11 equal to one hundred twenty-five percent (125%) of the principal amount I originally horrowed, If my paying the amount of my monthly payment after any Interest Change Date would cause the unpaid principal balance to eXt:ced that maximum amount at any time. I must pay inslead the FuU Monthly Amount as my monthly payment until the l1ext Payment Change Date. 6. NOTICE OF CHANGES The Note Holder will mail Uf dcl\vt:r to me a nolice of any l'hanges in the Full Monthly Amount and my monthly payment before the effective dale of any <.:hange _ The not'lee will include information required by law to be given me and also the title and telephone number of a person who wm ans\\'er any question I may have regarding -the notice." B. CHARGES: UENS Unifonn Cove-nant 4 of the S~~urjty Instrument j~ amended to read as foHows: 4. Charges; Liens. BOlTowcr ~hall pay all taxt:s, assessment:;" and other (:harges, fines and impositions aHributable to the- Property which may attain a priority OVl:r lhb Security Instrument, and leasehold payments or ground_ rents, jf any, in the manner provided under paragraph 2 hereof or, jf not paid in su-ch manner, by Borrower making payment) when due, directly to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Lel1der receipts evidencing soch payments. Bom>wer shall promptly discharge :my lien which has priority over this Security Instrument; provided. that Borrower shall not be re<juired to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment .of the obligation secured by such lien in a manner acceptable to Lender: (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof: or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security Instrument. If Lender determines that all or any part of the Property is subject to a lien wbich may attain a priority over this Security Instrument. Lender shall send Borrower notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days of the. giving of notiee. C, NOTICE Unuonn Covenant 14 of the Se.:urit} Instrument is amended to read as follows: 14. NoU<;iI. Except for any notice required under applicable law to be givenin another manner, (a) any noti"e to Borrower provided for in t!lis Security Instrument shall be given by delivering it or by mailing it by first class mail addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein. andib) any notice to Lefl<lcrshall be given by first t1ass mllil to Lender's address stated herein or to such other address as Le~lOlIY desjgnat~ b)' notice lo Borrower as provided herein, Any notice provided for in this Security Instrument sball be deemed to have been given to Borrower or Lender when given in the manner designated herein. D. UNIFQI\M.~OR:rGAQE: GOVl'.11.1'ilNG LAW; SEVE.RABIL[TY .U~ (;Qven;mt 150f ,the S,.;llrity Instrument is amended to te.ad as follows: 15~ tJalI~ M~; Governlnll Law; Severllblllt)i, Thi.' fomt of Security Instrument combines uniform covenants for nat-kmat .u.~ aod oon:uJlifooll Ci:1Vl"nants with lim.lted varlatjons by jurisdicti_on to constItute a uniform security Instrument ,".(}~ering _ real .pnlp:rt_y, Thi~ Security Instnmlent ~haH be govemed by h.:d~r4i law und. the law \If the jUl1sdiclion in wbj(;h tbe PrDperty il\ located. in tht c~i::nt tha~ ,an)' pmvj&k~n or dUlt~g:: of lhi!). St.."CUr1ty In~IruuKnt t)f I'llt~ N'otc conJhcts ......llh -apptk4b1c- 1$\\'-. f..u\.~h l;;tJtdiil:.,~l f\h-aH not a.ffC:,I."1 dlllCl provisioos {~f thi~ $-t-i:urtfY !n~trumc-11l (if rhl..' ,"''-lte whid\ (an be given