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83006135
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Last modified
11/20/2008 9:11:19 AM
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11/20/2008 9:11:19 AM
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DEEDS
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83006135
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<br />r <br /> <br />83-i.) 0 61 35 <br /> <br />I willmllke my monthly payments at 2120 South 720d Str'O'e.t,. .Om!,.h~,. "ebra.s.k~.. .68124. <br /> <br />or at a different place if required by the Note Holder. <br />(B) Amount of Monthly Payments <br />My monthly payment will be in the amount of U.S. $ .. .1..247...77. The Note Holder wilfchange my <br />monthly payment as required by Section 4(C) below on the 6th Interest Cpangepate and on tbat day every 36th month <br />thereafter. Each of these dates is called a "Payment ChaJge Date. "The Note Holder will also change my monthly payment <br />on any Interest Change Date if Section 5(B) below requires me to pay the Full Monthly Amount. <br />(C) Caknlation of Monthly Payment Changes <br />Before each Payment Change Date. the Note Holder will calculate a new monthly payment sufficient to repay the unpaid <br />principal balance on my loan in full on the maturity dale at the Payment Rate in substantially equal payment~. The ':Payment <br />Rate" is the sum of the Index figures on the five Interest Change Dates preceeding a Payment Chimge <br />Date plus the Current Index, divided by the number 6. plus ~...4.~Q. percentage points (l..4~O..... %), rounded to <br />the nearest one-eighth of one percentage point (0. 125%l'ixceSt tha t the maximum interest rate changed <br />. shal . ot e eed .990. . <br />I will pay the amount of my new monthly payment unti tre next'ifayment ~ange 5ate unless Sectton 5(B) below <br />requires me to pay the Full Monthly Amount. <br />(D) Elrec:tive Date of Payment Changes <br />Until my monthly payment is again changed. I will pay the amount of my new monthly payment each month beginning <br />on the first monthly payment date after the Payment Change Date, or Interest Change Date if I am required to pay the Full <br />Monthly Amount. <br />S. UNPAID PRINCIPAL BALANCE <br />(A) Changes in My Unpaid Principal Balance <br />My monthly payment could be less lhan the amount of the interest portion of the first Full Monthly Amount I owe or <br />less than the interest portion of my firS! Full Monthly Amount after an Interest Change Date. If so, the Note Holder will <br />subtract the amount of my monthly payment from the amount of interest I owe and will add the difference to my unpaid <br />principal balance each month until the next Interest Change Date. The Note Holder will also add interest on the amount of <br />this difference to my unpaid principal balance each month. Until the next Interest Change Date when the Note Holder <br />determines my new rate of interest on my then unpaid principal balance. the rate of interest on the interest added to principal <br />will be the rate determined in Section 2 above. <br />My monthly payment could be more than the amount of the Full Monthly Amount. If so. the Note Holder will subtract <br />the diiference from the unpaid principal balance of my loan each month until the next Interest Change Date as if I had made <br />a partial prepayment under Section 7 below. <br />(B) Lbnit on Unpaid Principal Balance; Required Full Monthly Amount <br />My unpaid principal balance can never exceed a maximum amount equal to one hundred twenty-five percent (125%) of <br />the principal amount I originally borrowed. If my paying Ihe amount of my monthly payinent after any Interest Change Date <br />would cause the unpaid principaJ balance to exceed that maximum amount at any time. I must pay instead the Fun Monthly <br />Amount as my monthly payment until the next Payment Change Date. <br />6. NOTICE OF CHANGES <br />The Note Holder will mail or deliver to me a notice of any changes in the Full ~lomhly Amount and my monthly <br />payment before the effective date of any ,-hange. The notice will include information required by law 10 be given me and <br />also the title and telephone number of a pe-rson who will answer any question I may have regarding the notice. .. <br /> <br />B. CHARGES; LIENS <br /> <br />Unifornl Covenant 4 of the Security Instrument 1:-. aI11cndcd to read as follows: <br /> <br />4. Charges; Lieos. Borrower shall pay all taxes, assessments. and other \"'harges. fines and impositions attributable to the <br />Property which may attain a priority over ths S~curlty lnstnullcnt. and leasehold payments or ground rents. if an'y~ in the <br />manner provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making paymenl, when due, directly <br />to the payee thereof. Borrower shall promptly furnish to Lender allnolices of amounts due under this paragraph, and in the <br />event Borrower shall make payment directly, Borrower shall promptly furnish to Lendet receipts evidencing such payments. <br />Borrower shall promptly discharge any lien whieh has pril>rity ovcr this Security Inslrument; provided, that Borrower shall <br />not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of Ihe obligation <br />secured by such lien in a manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against <br />enforcement of such lien in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the <br />lien or forfeiture of the Property or any part thereof; or (C) shall secure from the holder of such lien an agreement in a foml <br />satisfactory to lender subordinating such Hen to this Security Instrument. <br /> <br />If Lender detemlines that all or any part of the Property is subject to a lien which may auain a priority over this Security <br />Instrument, Lender shall send Borrower notice identifying such lien. Borrower shall salisfy such lien or take one or more <br />of the actions set forth abOve within t~n days of the giving of nOlice. <br /> <br />C. NOTICE <br />Uniform Covenant 14 of the Security instrument is amended to read as follows; <br /> <br />14. Notice, Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower <br />provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail addressed to <br />Borrower at the Property Address or at such olher address as Borrower may designate by notice to Lender as provided herei". <br />and (b) allY n-~Ijce to Lender sballlx: given by fi"t class mail to Lender's addres. Slated herein or to such olher address as <br />Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall <br />be deemed to bave been given 10 Borrower or Lender wben gi ven in the manner designated herein. <br /> <br />D. UNIFORM MOkfGAGE; GOVKIlNING LAW; SEVERABIUTY <br />Unifonn CqvenanU5 of the SecurilY Instrument is amended to read as follows; <br /> <br />15. UnlfonnMortaaae; Gonrnin& Law; SeverablUty. This foml of Sc-curity Instrument l'Ombines uniform covenants for <br />national use and I1(,In~uriif(lrm cnvc-nanb with limited ,,'atialious by juriMiil"{ion to constitute a UnH0n11 ~t'curity instrument <br />c-vve-tina rea! pmpc-rty. nlffi S<<unty lnstrumcm _l)haU be governed b}' h-~dcnl law and the 141" of the Jurisdk~{ion lU lA'hkh <br />dle Pt-opeft):' IS h)('ate-d_ In the C-\icnt lhat i1tl,' provis.iou Hr daus.e of lhis Set.:urit)' instrulllcnt or lhe Nott:' l,;~tnfh~h .....Ith <br />applit'abk law. :.:uch (:ollftkt ~haH nt.~ affect vthcr provisjons. of thi.l; Security In:\tfuU1CHt ot th,,-~ NOh:~ whkh ~a.n hI..' t;i\'I;.'H <br />
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