83006240 - Laserfiche WebLink

Browse

I 2120 South 72nd Street, Omaha, Nebraska 68124 I will make my monthly payments at. ................................................................. ........................................................................................... r o '<:1' C\1 ~ o or at a different place if required by the Note Holder. (B) Amount of MontblyPayments 776. 96 My monthly payment will be in the amount of U. S. $ . . . . . . . . . . . . . . . The Note Holder will change my monthly payment as required by Section 4(C) below on the 6th Interest Change Date and on that day every .36th' month thereafter. Each of these dates is called a "Payment Change Date. .. The Note Holder will also change my monthlypayJ:ne'i1t on any Interest Change Dale if Section 5(B) below requires nle to pay the Full Monthly Amount. (C) Calculation of Monthly Payment Changes Before each Payment Change Date, the Note Holder will calculate a new monthly payment sufficientto repay the unpaid principal balance on my loan in full on the maturity date at the Payment Rate in substantially equal paVll1ents. The "Pa)'ment Rate" i< the "um of the Index figures on the five In4er!~b Change Dates preceegi'}fstf Payment Change Date plus the Current Index, divided by the. number 6, pk~ce' i.. 'thai:" .trerc\i,'1~em\':'~n~Jt~.iesi: 'iat", tgIIg\\"feW the nearest one-eIghth of one percentage pomt (O.]25%)'sh~11 not exceed 14.990%. I will pay the amount of my new monthly payment until the next Payment Change Date unless Section 5(B)helow requires me to pay the Full Monthly Amount. (D) Elfective Date of Payment Changes Until my monthly payment is again changed, I will pay the amount of my new monthly payment each m!)nthbeginning on tbe first monthly payment date after the Payment Change Date, or Interest Change Date if I am required to pay the FtiII Monthly Amount. 5. UNPAID PRINCIPAL BALANCE (A) Changes in My Unpaid Principal Balance My monthly payment could be less than the amount of the interest portion of the first Full Monthly 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 interest 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 month. Until the next Interest Change Date when the Note Holder determines my new rate of interest on my then unpaid principal balance, 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, the Note 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 prepayment under Section 7 below. (B) Limit on Unpaid Principal Balance; Required Full Monthly Amount My unpaid principal balance can never exceed a maximum amount equal to one hundred twenty-five percent (125%) of the principal amount 1 originally borrowed. If my paying the amount of my monthly payment after any Interest Change Date would cause the unpaid principal balance to exceed that maximum amount at any time, I must pay instead the Full Monthly Amount as my monthly payment until the next Payment Change Date. 6. NOTICE OF CHANGES The Note Holder will mail or deliver to me a notice of any changes in the Full Monthly Amount and my monthly payment before the effective date of any change. The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any question I may have regarding the notice. .. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charges; Liens. Borrower shall pay all ta,es, assessmems, and other charges, fines and impositions attributable to the Property which may anain a priority over this Security Instrument, and leasehold payments or ground rent<, if any, in the manner provided under paragraph 2 hereof or, if not paid in such 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 Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; provided, that Borrower shall not be required 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 conlest 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 (0 Lender subordinating such lien to this Security Instrument. If Lender determines that all or any part of the Property is subject to a lien which 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 notice. ,-.. ~ , ('Y') 00 l C. NOTICE Unifonn Covenant 14 of the Security Instrument is amended to read as follows: 14. Nolice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this 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, and (b) any notice to Lender shall be given by first class mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. D. UNIFORM MORrGAGE; GOVERNING LAW; SEVERABlUTY Uoifonn (:o!ll:Datll15 of the Security Insl:rUment is amended to read as follows: 15.UIdf_ Moftpae;. GoventiDa Law; Severablllty. This fonn of Security Instrument combines uniform covenants for nationaIlIJe and non-wiifonn covenants with limited variations by jurisdiction to constitute a unifonn security instrument c-<>verina real property. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note confticts with applicable law. such conllict shaIl DOt aff<<:t other provisions of this Security Instrumenl or the Note which can be given