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<br />I <br />83- 006737 <br /> <br />0060605-8 <br /> <br />ADJUSTABLE PAYMENT RIDER <br /> <br />'llIIS AtIJllSTAIllE.PA'I'MI!Nr Rl:Im is made this23rd dayof Dee.ember 1983 and is <br />in:orp)l:atai into and shall be deemed to amem ~t the ~rt8/l&E!, Deed of Trust, or DeEd to <br />Secul;eDebt; (tle."Sec:urity InstrlJllel1t") of the same date given by tbe taIersig1Jed. (the '1lo~") to <br />secui;e. ~sAdjustable PaYlB1t li>te to TCU!r F:lmncia1, Inc. (the "Ien:ler") of the same date <br />(the"li>te") and cowr.lng the fCOPertY descr11:ed in the. Security Instturent: and located. at: <br /> <br />1 5n~:- 1\1- T !!l--f-!llyn "''''100 <br /> <br />C:r~l'>rl Island Nebraska 611801 <br />(Property Address) <br /> <br />The Note Contains Provisions Allowing For Changes In The Interest Rate And The <br />Monrhly Payment And For Increases In The Principll.I Amount To Be Repaid. <br /> <br />The Note Also Provides For Calculations Of Two Separate Monthly Payment Amounts. <br />One Will Be The Amount That I Must Actually Pay Each Month. The Other Will Be An <br />Amount That I Would Pay Each MontllTo Fully Repay The Loan On The'. Maturity Date. <br />This Means That I Could Repay More Than I Originally Borrowed Or That I Could <br />Repay My Loan Before The Maturity Date. <br /> <br />AIJJrl'I(IlA.L 00'JE!iIlNlS. In additial to the <XlIIell8IItS and agreements made in the Security <br />Inst::naent, Borrower and LeaIer furtber cowoant and agn!e as folloiis: <br /> <br />L <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The.Note plOVides for an initial interest rate of 10.500 %. Sections 2, 3, 4, 5 and 6 of the Note <br />provide for ~. in the interest rate and the nmthly payue:u:s, as fol.l.aiiis: <br /> <br />"2. INTEREST <br />(A) Interest Owed <br />Interest will he clw:ged on that psrt of pdncipll IOhich has not been paid, beginning on the <br />date I receive p:1ncipII.l am ""","i""iT1guntil the full <IOOU1t: of prlncljB1lBsbeel !Bid. <br />Ileg1md.ng CIl the date I receive prlnclpal. I will pay intemst at a ye,;rrly rate of, 10.500 %. <br />The interest rate I w1.11 psy my change OIl the first day of the !IIJIlth of July 1 ,19 tl.\ <br />and CIl that day every I> t h !IIJIlth thereafter. Each date OIl IOhich the iiiterest rate couJ.d change is <br />cal.1i!d en "Interest ~te." The l1SoI interest rate will becaJe effective on each Interest <br />Olmae rate. <br /> <br />(B) The Indelt <br />Begimjng wit:h the first Interest <l1ao8e rate, my interest rate will he based on an Index.. The <br />"IIdex" is the Weekly ,\uetioo A""rag<! Rate m United States Treasury bills ,,;rtn a maturTfYOr 6 <br />nunths , as made ava1.l.abJ.e by the FedeI:a1 Reserve Board. The IIDSt recent ~ <br />f:i&ur:e as. at the date. 4:> days before each Interest ~01ange nate is called the "0Jrre0t Index" . <br />interest rate 1 will pay shall not exceed 13.990... <br /> <br />If tbe Indelt is no longer ava1.l.abJ.e, the li>te Iblder will cl:Dose a new index IOhich is l:ased upon <br />"""P"""hl.. infoIllEltion. The Nxe !bIder will give IlB rotice of this croke. <br /> <br />(C) ('.Al,.,.h~i.... of Interest Rate~ <br />Before each Interest <l1ao8e rate. the li>te Iblder will calculate my new interest rate by adding <br />~ ~ pet'C8Ita&e points ( 3. 150 %) to tbe 0Jrre0t Index. The Nxe Holder will tben l'OUD:I <br />of this addition to the _t ~ of ODe ~ poytt (0.125%). :nus romded <br />aDIDt will be my new int.emst rate lI1til tile next .Interest Olange nate. Except tEe'IlBXlIllEl inteies' <br />rate shall rot exceed I 3.990%. <br />(D) InteresI: After llefault <br />'!be 1ntereat au requ:l.Ied by this Section 2 is thI! rate I will owe both before and after &rj <br />default de8cd.hed in Section !I(B) be1Dw. <br /> <br />3. CALCULATION OF AMOUNTS OWED EACH MONTH <br />'!be Note Bolder will ca1aJlate my P\1ll MlntblY iIIaDt. The "P\1ll M:mthl.y ;Im:xnt" is the amcont: <br />of the~y ~ tlBtYlUld be sufficl.ent: to Iep1Y the tqBid prtncijB1laJaa:e of my loan in <br />full at the 1ntereat rate I am. required to pay by Sec:t1ooB2(A) and 2(e) above in substantially equal <br />~ on JfJif~V 1. 2014 , wbi.ch is called the "maturity date". My fi1"'t. PI1ll <br />~y!llalll:lt: . . ~5.90 . BefOIe each Interest <l1ao8e Date, the Note Holder will <br />cal.al1ate.. the _ FUll . t\m:ult iixI.ch I will owe each IIIllll:h beginoing 00 tbe first DrlDthly <br />pa~ date after thI! InteJ:est 0lsD&e !ate. <br />'!be PI1ll !blI:l!ly iIIaDt r owe rrsy be lIlOte or less tlB1 the alDXIt 1 am required to psy each <br />1IIlIltb. Sec:d..o 4 be1Dw states the alIOOOt of my DrlDthly pa)1llE!Ot aIXi how it will cl:1a11ge. Section 5 <br />below. ~ how my wpa:Id prlnc:ipU Mlance will cl&IjJe if the lIllCUlt of my DrlDthly pajlll!l1t and <br />the Full ltJathly t\m:ult are diffeRDl:. <br /> <br />4. PAYHEH'IS <br />(A) Ta<Oil'lal:e of l'a)1lImt6 <br />lwW.payp:.illc.1pal8ld:lntemst bylll8ld.qj: pa)!lll!lltS every 1IIlXIth. <br />I tdll. __my 1lIOIIth1;r ~ at the f1rat day of each !IIJIlth beginoing 00 <br />f8" . 1 ~.. . . 1 lilU.... tbetIe pa)WIlta every lDlth lI1til I l1tvoe paid all the <br />ji. . . .Illll' . .. .. . alldalll1 otbet ~ dNcr:lblld be1Dw tlat I rrsy owe UIlller this Note. My <br />~"""'wUl blJ appiU.lJll to iutenIet Weft p:1oc1pal. If I stUl owe lIIIOl.Dt8.1.D:lel' this <br />lb:e m da~ty dace, 1 wUl flIT tm. __ in full 00 !:tat date. 1hoee _ could be <br />lPMK. tlwl. !:be --. of my lag. lIO'Itbl.y ~. before thI! llBturity date.. <br />I wW. __my lQll:bl, ~ at 2llill. South 72m Stl:eet, caba, NEbIa8ka 68U4 or at a <br />~ P*e if. ~ by the.Note Bolder. <br /> <br />i\DJU5rA.3t.r~ ~AYMt'-NT NfJTI; f} M()t-,;TH TRtASlJRY ua.?EX (t - to Fmn:ily) <br /> <br />!MC-OOS (qc) (Page 1) <br />(New 11/83) <br />