83005515 - Laserfiche WebLink

Browse

I I ,'-'<_~'~.'7 83";;';"005515 ADJUSTABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this ..l.J.tb.. day of ................llctober............... 19...83.., and is incorporated into and shall be deemed 10 amend and supplemem the Mongage. Deed of Trust, or Deed to Secure Debt (Ihe '"Security Inslrument'") of the same date given by the undersigned (the '"Borrower") to secure Borrower's Adjustable Rate Note to ..!:iQI'lE..f.ED.E8AL..S1\IiIIllG5...&..LOIlfll..AS.;.OC.lilJ.lOl\l...OE...GflMID...I5.LMID... ................................................................................... (Ihe '"Lender") of the same date (the "Nore") and covering the property described in Ihe Security Instrument and located at: ;;:621....7...2fj2.~..lk";j;..Ep.r:!:e.s.t~...Graad..l;;laad.,...Nej:lJ:aska............68.801.........................,................................... (Prooerty _I The Note conhllna ~ dowing for cII8ngee in tile in.....t rat.. If the intwMt rate 0-...... tile Borrower'. -udy PlIJft*Ita wll be higher. If tile ine-t rate decr._. the 8Onower'. montIltJ paJIMIIta will be lower. ADDmONAL COVENANTS. In addition 10 tbe covenant and agreements made in Ihe Security Instrumenl. Borrower and Lender further covenant and agree as follows: A. INRREST RATE AND MONTHLY PAYMENT CHANGES The Note pro,ides for an initial interest rale of ....11...75........%. Section 4 of tbe Note provides for changes in the interest rate and Ihe momhly p3yments. as follows: 4. INTEREST RA TE AND MONTHL l' P,4 YMENT CHANGES (A) (1uaage nates The interest rate I WIll pay may change on the ...1:-.:'.. . day of ...........;';lQiiE.!JJbar:................. 19.....8.<\ and on that day of the month everv ..... months thereafter. Each date on whtch my inlerest rate could change 1S called a '~Changc Date.u hE~ "':r-- l""-l..r ~ '1\0 c~;:3rgeo :.;Jill be no less than 9~5% and the .n,:'iX!n"K.J~l rate -'nar'~co \~Iill ~e nCi 'Tlore than l4.5':t. (8) The ladex BeginWIIlI with Ihe first Change Date, my Illterest rate will be baso:d on an .. Index." The Index is the weekly average YIeld on Unned Stales Treasury secunues adjusted to a constant maturity of ......01:\2.............. years, as made available by the Federal Reserve Board. The most reexnt Index hl1ure available as of 45 days before each Change Date I' called Ihe "Current Index." If Ihe Index" no lonaer avaIlable. the NOle Holder Will choose a new mdex which i. based upon comparable informatIOn. The Note Holder Will give me nouex of its choIce. (C) Caleulalioa of Cll.llIes Before each Change Date, the Note Holder wtll calculate my new Interest rate by addmg ..........f.tJ.U\e............ . percentage points ( . to the Current Index. The sum will be my new mterest ratt_t ';.;ur~~jr:v~ '_:: -!-_t~0 '-'~~:dl-~:3<:..: 'The Note Holder WIll then deteflDlne the amount of th" monthly payment that would be sufficient to repay in full tbe pnnClpal1 am expe",,,d to owe on th" Change Date In ,ubSlanuall} equal pay'menlS by the maturity date al my new Interest 'ate. The result Df this caJculauon wtll be the n"w amount of my monthly payment, ID) Elr<<tin Int" of Cb..,.a My new interest 'ate WIll b<<<,me eu<<uve on each Change Date. I will pay the amount of my new monthly payment begtnlllng on the first momhly payment date afte, the Change Date until the amount of my monthly payment chanllcs again ( E I Notiee ur ell... The Note Holder Will mad "r del1ver to me a nullce belore each Change Date. The nOllcc WIll ad,.t.. me of: i ,I the new imerest rale "n my I"an as l,f the Change Date; Ill) the amount "f my monthly payment 'ollowmg the Change Date; (iii i any adduion;1\ maltel'1l which lhe Note Holder IS 'C<jUlled to dISclose: and (IV) the title and telephone number of a person who WIll answer any question I may have regarding lhe nOllce, B. CHARGES: UENS Uniform Covenant 4 ,>( the s.,':Unty Instrument IS amended to read as foUows: 4. ClIsrps; Uetts. Borrower shall pay aU laxes, assessments. and olher charges. fines and 'mposlIIons 3ttnbutable 10 the Propeny which may attam a pnonty over tlus Secunty Instrument. and leasehold payments or ground rents. If any. in the manne, proVIded under paragraph 2 hereof or. If oot paId tn such manner, by Borrower making payment. wilen due. dtrectly 10 the pll)'ee thereof Borrower .hall promptly fu,msh to Lender allnouces of amounts due under this p&n&fllph. and in the event Borrower shall male paYIIleDl di=tly. Borrower shall promptly furnish 10 Lender ~ C\'ideneia. ItIdt payments. Borrower shall promptly discha'll: any lien which has roority over this Se..'Unty l-.neat; bowner. Borrower shall IIOt be rC<jwred to discharge any such lien St.> lonr as Borrower: (a I shall a&fcc in wnti!l& 10 the payment of the ubligalton secured by such l1e~ In a manner acceptable 10 Lender: (b) shall tn /loud ~ ~qr.UC UftIfOlll ADJtmAStE !ATE !'QM..-.(~ lIlOOH/gJ