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83006624
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Last modified
11/20/2008 10:25:11 AM
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11/20/2008 10:25:10 AM
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DEEDS
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83006624
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<br />8~.;... 006624 <br /> <br />0824726""8 <br /> <br />ADJUSTABLE PAYMENT RlDER <br /> <br />'IHISJ\IllUSTABLEPAHm1U.l1'Jtinaiethis 16th day of .._ J)e<;emb~r.. 1983.. . ..... .. am.iS <br />111I:orpomt;af.fntoanrisl1ll.Ube~ to.amem. .~ ..tlE.H)~, Deed of Ttt!st:. or- J);;e::I!:A.. <br />S8alre.....~... (t18!."Securil:y.. Inst:I:U&1t") ofthesamadat'i!'g1wnbyi'tl1e. ~ '.(@"~'Tl=o <br />~!~tlAd~.-~.lbteto l'otM<F.li8I1c:iiU.Ine~. (t18 - 'umer.")'ot'tba- ...._ <br />(t18"lbte") aodooVer.lng the proparty descr.I.bed intl8Secur1ty InstmDl!lltaod1oCated 81::' <br /> <br />30n W14, Gral1Ci Island, Ne.braska 68801 <br />(l'rOpmy Address) <br /> <br />The Note . Contains Provisions Allowing For Changes In. The. In te.rest Rate And1'he. <br />Monthly Pliylllent And For Incre.ases In The PrinC.:lpal Amount. To Be Repaid; <br /> <br />The Note. Also Provides For Calculations Of Two Sepllrate.MonthlyPayment AmoW1tS. <br />OneWll.l Be The Amount That 1 Must Actually Pay Each Month; The Other Will Be An <br />Amount: That I Wou:L<i Pay Each Month To Fully Repay The Loan On The .Maturity Dilte. <br />This Means That 1 Could Repay More Than I Originally Rorrowed Or That r Could <br />Repay My Loan Before The Maturity Date. <br /> <br />AIDI1'IQlAL aJVt2i\NlS. In addit1Ql to tI8 coveoants aod ~ta II1!lde in t18.. Security <br />Instrtla!nt, !lortooier aX! LeaIer furtIer CXM!IIallt. aod agt:ee as fol1.cI;s: <br /> <br />A. INl'ERESTRATE AND MONTHLY PAYMENT CHANG~% 500 <br />The.lbtepmvides for an init:Isl :lntemst rate of . %. Secd.oos2, 3, 4, 5 am6 of theN6te <br />provide. for dl8Qgl!S in the interest late aX! the 1liXlthly plyD2Dta, as follows: <br /> <br />"2. INTEREST <br />(A) Intemst: Owed <br />Jntereat: wl.ll be clmged Ql !:hat part: of pdnc1psl1otl1ch has oot been paid, beginning Ql the <br />date 1 t'I!CI!ive pdnc1psl aX! COlII:inl.dng mtil the fullllllU1t: of trlndpelhls been paid. 10.500 <br />Begl.nrdog Ql the date I receive pr:iIx1pal, 1 will ply interest at a yearly mte of %. <br />The. iXltell!St rate I wl.ll pay III!I}' chor!@e on the first day of the IlQlth of July 1, 1984 <br />am Ql that day every -2..th. llIXII:h thereafter. Each date on 1otI1ch the .t.ntefijjjt mte cculd chlq:e .is <br />called ale 1nt:erest 0liJiI8ia-lUJ;e." The new interest rate wl.ll becaDe effective on each Interest <br />a-. ntte. <br /> <br />(B) The. IIKIa: <br />Beg1m:Ing wl.th the first Interest Olaoga Date, I1Tf :lntemst rate will be ~ en an .Indelt. The <br />"Index" is the Weekly ution ^venJ&e Rate 00 United States Treasury bills with 8 nl!ltur1ty of 6 <br />llll>Dtl8 . as lIIIde ll'A11.l.able by the FoodIIral. Re8ene Board. The. most recent r <br />ti.&UEe _of the date 4) ila1a before mch Interest 91IIll8S Date is called the ''OJrrent Index". <br />inteJ:est J:8U I ..ill pBy shall rot I'O<Cft!CI 13.990%. <br /> <br />If the Index is no ~ aw.U.able, the Ibte. Holder wl.ll clI:lose a new inlex 1otI1ch ia bas8:l upon <br />"""P'...."I..:lnfonmticn. The lbte Iblder will give ... ootice. of this c:rou:e. <br /> <br />(C) c..lA.l"H~ of Interest Rata 0lIUIgI8 <br />Before ooch Intm;est: a.aa Data, the lbte Holder will cal.culate I1Tf 1ll!II. 1.nteIest rate by adding <br />rri ~ pet'Cl!IIta&Ie points ( 3 . 150 %) to tre CAIrrent Index. The lbtellalder will than. round <br />... .. or tit1s addition CD the MmlSt: 0IIIr'ei.gI:lth of ODe pet<:eDta&e point (0.125%). Th1a t'Olnted <br />_ will be JIf1 ,.. inl::exeIt. rate wt1l the next Interest Oltmga ~te. EJg,ept the lll!lXiauIl interest <br />rate shall t>>t .~ 13.990%. <br />(I)) Inl:IlI:eIIt After Default <br />'lbe ~ rate 1'8qlI1Dld 1:11 thl.a Secdon 2 is t:ha rate I will oe both before and after arq <br />deAu1t dIlIer::1b!!d 10 llect:IDn 9(B) belc:Jw. <br /> <br />3. CALCllLATIOB OF AMOUNTS OWED EACH MONTH <br />'Dit.laa Ib1dIIr 1dJJ. e&1.aJ1ate 1111 ~ Mlatbly JI8:ult. The "rbllltlBthly .IbJmt" is the lDU\t <br />of themltbly ~ tbIt ~ be stffil"i_ to tepIY the UIlpI1d pd.nc:I.pel.be.lmIce of I1Tf 1C)1111 in <br />full at t:ha ~ rate I _ ~ CD ply by ~ 2(A) aod 2(e) abavein substantially equal <br />~ au I=nH"!Y I 2014 , ..w:h is called the "1IIlIturit.y date". My first fu1l <br />~. .MIuif. . . ~4~. Befom each Interest Olaoga ntte, the Note Bolder wl.ll <br />c:aI.culaetba_l'llll ...w:h I . will <Ml each IIIXlth be81Dn1Dg on the first DrlIlthl;y <br />~ GIte ..afb!r:.the ~ Olaoga ~te. <br />'1ba FullM2Ebly iIDatt 1 oe III!I}' be ume or less than the lDU\t I all requ:I.red to pey each <br />lUIIth.. Sect1Da. 4 belc:Jw _ the 8lIIU1t of 1111 llIXII:hly ps)'llBlt aod row it will cbu:1ae. Sect1Da. 5 <br />belc:Jw . ~ boll IIIJ UIlpI1d prlDc:1pel bl1.aIlce will cI8lae if the 8IID.I1t of I1Tf nmthl.y pa}lnB1t and <br />the l'uU !tIatb1.y JI8:ult are diffennt:. <br /> <br />4. PADmtIIS <br />(A)__..fJace of ~ <br />l.wW.pq..pdDctpa1.md intanIIt:. 1:I111111dng~. ~ 1IlCDth. <br />1 .llW;...... 1111 ~ ~. en the first day of each IID1I:b ~. en <br />~'l': .. ~.. I. w.U1...... .....tJ:a.. . ~ .~ llIXII:h. wt1l I have paid all the <br />.....,~-' aDd.. ';)tlc~ clIlIcr1bd belc:Jw etat I ., .-__.th1slbta. Hy <br />~'llI!JIIliIlItII w111 be ap(ll1Iirlta 1DtanIIt befor:e prlDc:1pel. If I still oe llI1D&\tlIlDieJ: this <br />"oathe~"'" I wl.ll....,. em-. ___ in fu1i au mtt data. 'lh:l8e __ c:au1d be <br />...... 1Ml. _.-of ..Uat ~~ 1:e6mt.tl'e IIlUIld.tT date. <br />IwLU ... . .~. ~ at 2l2O ScQ:A. 72m Stlat. ClIaba,!IebaIaka 68124 or at a <br />~. .p1.Ilce..1f DIIlUt- b.J'.tta Nota.WhIel:. <br /> <br />AlUU$TAlL&.I'I\YflINT mm <br /> <br /> <br />I) HOlI'l'1l TRI'..ASUl!Y INDEX (I - " f'and 1)') <br /> <br />TMC-005 (qc) (Page I) <br />(N"" 1l/83) <br />
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