83006595 - Laserfiche WebLink

Browse

83-- 006595 ADJUSTABLE PAYMENT RIDER nn:s~PAllt!Ilr RIIFltds llIIIde this 14th dayof December 1983~is i.Ileoq>>mtediIitoimd sballbedeellEd';io allleD:b~tth!,M:lrtg;ageilleedof Trust; orDeedw, ~'Debt'(tla"SEic:urity~~}oftle; S8IIIIl,<Iiite.given by the unders:igDei . (t:he;. ''BOrroroler'') to'; -um.' lmrcMer'"aAdjilstabla .Pllymeot...lbteto'l\J!ier:Finflnda.l, Inc. (tie ''lender'') of"tl&_'.date'; (t'Ii!'''mte'~) and cover.blgtle.projlllrty deScribed in the Securlt.y InstruIlenl:andlpcatedat: ,o;~ $,4.. 507 Tliflbe, Cairo, Nebraska. 68824 (Property Address) 0824715-3 Tbe"Note Cont.aiwFProvisions Allowing For Changes In The Int.erestRet.e And TIl.e Monthly Payment And'For Increases In The Principal Amount'ToBe,Repaid. The Note Also Provides For Calculations Of Two Separate Monthly.. Payment. Amounts. One Will Be The Amount That I Must Actually Pay Each Month. TheOtberWi11. BeAn AmountuThat I Would Pay ES(:.h Monch To Fully Repay The Loan On The Maturity; Date. This Means That I Could Repay More Than I Originally Borrowed Or That T Could Repay My Loan Before The Maturity Date. AIDI1'IIlW. 0JIIEN!\Il'IS. In addit:l.en to the ClM!DS11tS and agreeIDI!I1l:S lII!Ide in theSeaJd.ty InstmIent., ~ ao:I Lender further COI1l!DaIlt and agree sa fo:ru-: 'ii.r:~-r:or~~=~:te~~~.500%. Sect:l.ons 2,3,4, Sand 6 of tie Note provj<ie.for cba1@Ies :In the.:lnt.eresl: mte ao:I the m::nthly lBymeot:s, as follows: "2. INTEREST (A) Interest 00Ied Int.eJ:est will he clmged en that part of principal .tIich has oot been. paid, beg1m1ng on the date I recei1le ~and l'n1H"ni"ll <nt:l.l the full aaont of pdncipsl. has. been paid. ~ U1 the date I receive pdncipsl., I will lBY interest at a ~1f, ralf Ot98~O.500 %. The intetest rate. I will t8Y my chonge on the first day of the IIlIXIth of u Y , I and 00 that day ewry 6 t h IllODth tlssfter. Each date 011 .tIich tie inteIest rate could c:lls91s caJ.Jai 00 '1nt:eEest ~Date." The new interest rate will become effect:l.ve on each InteJ:est ClJqeDate. (B) The Inds 'Inds~ with~i~\~ra&eawe~~~~~ffis_~~.fIhe DDtths , as IBie ava1.UIble by the Federal. Reserve Board. The mst I'E!Ol!Dt. ~ ~~JhI~ ~~~~ Date is called the "C1Irrent In:Jex". L If tie In:Jex is 00 100ger SIlSilable, the lbt.e !bWer will cbJoee a new 1nielt .tIich is based upon ~,.,.hl.. infotllllttian. The lbte Ib1der will give me mtice of this choice. (C) C:ol,."l"Hrq of InteJ:esl; Rate a-asws Before -=h Interest Olanga lBte the lbte Ib1der will calcu1ate my new inteJ:est rate by adding 3.150 P"'-"8" points ( 3.150 %) to the Qlrrent!txlelt. The!bte IIol.der will then muDi the tealll:of this additi<la to t:he I'liIllIJ:eSt ~ of ooe~ ~Itri>m.x!lH ~t ..... will be my tel ~ tate wt.U the next: Interest ~ Date. tate. shall l10t e..:eed 13. 990X. (I)) !ntEesl: AftBr IlBfault 'lballanet tate t'IIqIJ1md by thls Secti<la 2 is t:he rate I will 00lIJl both before and after B!I'J defaJ.1.t dIIcrillId. in Secdal 9(B) below. 3. CALCULATION OF AltOUNTS OWED EACH MONTH 'De Nate Bolder vUl calaJ1at.e fliT Fl1U Itlllthly JmlIDt. The "Full ~ JmlIDt" is theaaont of tile. MItbly ~ tlat -wi be $Id'l'i..i_ to l'eply t:he oopUd pdncipsl ~e of my teen :In full at the.:lmmeat tate I _ ~ to t8Y by Secdals 2(1.) and 2(C) abcNe :In substant:ial.l, equal ~0Il January 1, 2004 , .tUt:h is called the "llIII:urity date". M:f fimt Fl1U ~ lID:Iitis U.S. II 14.j. n . Before MCh Interest ll1aoge Date, the Note Holder vUl aW:u1ata ,the,_Fl1U!tlDtb.lT ltDDt \otdcl1 I will 00lIJl each DlDIIth beg1ming on the first 1IIXlthly ~...aftel' theIDtl!ao8t <llIID&e Dlte. 'DIe . Fl1U lbdily iIID.1Dt I Qll8 may be llI)t'e or less than the IIIIIlUIt I am requixed to pay each IIUlth. Secdal" below statlls t:he aDlDt of my lIIXIthly PJ.)'lII!Ilt axxI Inr it will clwmse. Secdal 5 below deer:ribs hclwrq ~ pdncipal b!llaoce will c!laolle if t:he lIlIlWt of mylllXlthly PJ.,moal: and theFl1U 1tmtDly MuIt are d1ffetmt.. 4. PIoDllUttS (A) 'lta &lll.~ of ~ lwW. ~.. ~ a1 Ultereat.. bp'llIIk.1ng~. .-ry IIlIXIth. I wiU. ...." -- llIlIIthq ~ on the first day of each IIIlIII:h ~ en Feli~ 1.19lW. 1 will.... tta...~..-ry IIIlIII:h <nt:l.l I lIMa pdd. all t:he ~"'~''''i...othBt:cbaIp dMc1:lbed below tlat I.., 00lIJl \DIIu"tlda~. '" .....,;~vUl, be appUM.. to taI:etlI8t.. befoaI pdncipal. If I st1ll 00lIJl ..u1ts tmder tlda Boce.tl:lIl.-.:tt;y .... 1 wiU pay u-...... in full on th&t date. Thoee _ could he ......... .~.tl:lIl_ of., lMt ~ .~. befoal.th& 18tUrity date. I will......., Wl1lltb1,y~ at 2120 SaJtb 12m Street, o.u.. NElIlIuka 68124 or at a ~.~ if ~. by.tJa.Nate!b1dllr. Al>Ju&tABUt I'AYKtNT Non: 6 MOlff6 'l'RUSUll.l H1DEX. (I - .. l"<llll11r) !Me-005 (qc) (Page I) (N.... 11/83)