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83006739
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Last modified
11/20/2008 10:47:38 AM
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11/20/2008 10:47:37 AM
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83006739
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<br />I <br />83....li' liL,6739 <br /> <br />0060R17-3 <br /> <br />ADJUSTABLE PAYMENT RIDER <br /> <br />r <br /> <br />nas~PA>>IIllir RI!];R is lII!Ide this 23rd day of December 1983 am is <br />io:;orpomted. :Irwnmd shall be deemed to 8IIleBi ~t the ltn1:gaae, Di!ed of Trust, or Di!ed to <br />~ Debt (the. "Security Inst:rlJner1t") of the same date given by the IlflcIersigned (the ''Borrower.''.to <br />~.llo=-z,--s Adjustable I'a.)1mmt leteto T.-r. F.Imidal., Inc. (~ "I.emer") of the same date <br />(~!i:lte'.) am Cl:M!rlng the ~ described in the Security InstIUDentandlocsted at: <br /> <br />R?n" Art-hurl (;YAna TRland <br /> <br />Nebraska 68801 <br />(I'roperty Addl:ess) <br /> <br />The Note Contains Provisions Allowing For Changes In The Interest Rate And The <br />Monthly Payment And For Increases In The Principal 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 Month To 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 />A!DI1'Il:IW. CClI1ENANlS. In additiCIJ to the covensnts and BgreeIlEnts made in the Security <br />Instrument,. ~ am I.enIer further covenant: am agree as fon..:-: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />'Jhe lete -provides for an :Initial intemst rate of 10.500%. Sections 2, 3, 4, 5 am 6 of the lete <br />ptW!de for changes in the interest late am the llCllthly 1ll}'llentS, as follows: <br /> <br />"2. INTEREST <br />(A) Intep!st (ad <br />1ntea!st; will be chruged oa that psrt of pdncipal .n1ch has oot been paid, beg:i.m:Ing. on the <br />date I receive j:rirlc:Ipll am ........... ",.i"8 until the full alIltI.1t of pr:Inc1pal has been pdd. <br />lleg:IJm1ng 00 the date I receive principal, I will illY interest at a yearly late of 10 . 500 %. <br />'Jhe interest rate I will illY my choaae on the first: day of the m:JDth of J u 1 y 1, 19M <br />and OIl tIat day every 6 t h IlIlI1th thereafter. Each date on Totdch the :fiir.en.st late could ~ is <br />called CD !nterest: ~t'ate." The Ill!W' interest rate will becaDe effective on eech Interest <br />ClBrw! I8te. <br /> <br />(8) 'Jhe IOOelc <br />Ilegim1ng with the first Interest ~ t'ate, my interest rate will be based on an Index. 'Jhe <br />"Index" is the \ieekly ,"'-'etion Average Hate on enttee) States Trea.'lUT'j bills ,,1 th " "",turlty of 6 <br />llIlilths . as lII!Ide ava1J.abl.e by the ~ederal. Reserw Hoan:I. The lOOSt recent ~ <br />t1gure as at the date 45 (fays befm:e ElICh Interest ~ t'ate is called the "OJrrent Index". he <br />lnterest rate I will l"IY shall not l=eeC 13.990%. <br />If the InleIt is no loq;:er avaiJable, the lete Holder will clxlose a new inlex Totdch is based upon <br /><XIII!'BIllble :lnfotllBdon. The lete Iblder will give lie mt:l.ce of this cb:lice. <br /> <br />(C) r...l~.lDH"'" of Interest Rate ~ <br />Before each Interest 0lanlJ! t'ate, the lbte Iblder will calculate my new interest late by adding <br />tti fMft pe~ pnnts ( 'j] 'I) %) to the ClIrrentInlelt. 1b! lete Holder will then tounl <br />. t of this add1t:1a1 to the nearest ooe-eigbth of ~ ~ point (0.125%). This romded <br />lIIIIldlt will be my - :Intetest rate wUl the next Interest ~ t'ate. Except the nm<1nun inteZV$t <br />rate!l!:-.all not exx:eed 13.990::. <br />(I)) Intenost; After Ilefau1t <br />'lhe ~ tate ~ by this Sect:Ia1 2 is the tate I will .- both before and after any <br />deQult deecr1bed in Sect:Ia1 9(B) belew. <br /> <br />3. CALCULAUON OF ;\KOONTS OWED EACH MONTH <br />'Ihe. Notelblder wUl calculate my JiUll M3ath1y lfD:loot. 'lhe "Ml M3ath1y Aaont" is the lIIKUlt <br />of the .llQJtb1y 18)WDt tbsE -wi be suff:lcl.ent to l8p!ly the llElp1:Id . prind{8l balance of my lam in <br />full at ttII :Intetest rate I IDa ~ to ps.y by Sectioos 2(A) am 2(C) above in substantially equal <br />~ ClQ fiR. Y '?f\1/' , lotW:h is called the "DBturity date". My first Full <br />!lilathly AIIMit l:!:if. ~ " !, 7 ~ Befote ElICh InUll8at 0lanlJ! t'ate, the lete Holder will <br />ca1cu1ae. the _l"ull l'I:IIltbly i.tUch I will .- each DIlOth begina1ng OQ the first: l!DDthly <br />l8)WDtdateafterthe Int.erest Chmge I8te. <br />'lhe l"ull Muhly JlJIooot I .- may be I10Ie or less than the 3lIIU1t I am requinld to pay each <br />1l!lllIth. Sect:Ia1 4 below states thei8:Ult of my llCllthly 1ll)UED1: am llOii it will clrmae. Section 5 <br />belcw deIIcr.1J.s llOii my Ullp8:Id j:rirlc:Ipll l:8laoce will chao:18e if the aJltUIt of my 1lJJl1thly 18ytJ11!11t am <br />tba l'IJU Mlatbly iIIamt are diff_. <br /> <br />4. PAnIEJI:l:S <br />(A)'l':tia8lli Place of .~ <br />lllUlps.ypdlldpe1.aod .iDtereat by DIIIcI.ns.. piI)'I8lta every mooth. <br />L .1O!lU. -- ., ~y paJIIliIlta en the ftmt day of each IlIlI1th ~ oa <br />~ l~ . . lwUl.__~. ~ ewry amth wUl I have. psid all the <br />~...1l1t1lllUl\. iIld"_ otber.. dIIqIs. deecr1bed belcw. ttat I !lIlY .- uader this Note. My <br />~,,.,.... wU1 bit IJppljadto ~ bIlfom pr:Inc1pa1. If I still ~ aoD.Ilta Iader this <br />"(lOtbe..cur.lt)'date. I wUl ps.y ~ _ in full oa !:tat date. n-e -. cou'I4 be <br />. .-- tla tile aIIIUlit of ., .lAIIIt lIQIth1.y~latoalthe lIIltdtity date. <br />1. wtU ..., IIllldl11 ~ at 2120 Sl.uh 72011 Slnlet, o.bl, Nebmska 68124 or at a <br />~. p1Iica 11 ~ by tM Nota HoWer. <br /> <br />I\!MlJS:rAIlU; l'AYHENT NOT/': <br /> <br />6 ~frn~n# 'f!tl::A't:rFY lxnr.x (1- <br /> <br />'."iT! J v) <br /> <br />TMC-005 (qc) (Page 1) <br />(Ne.. 1l/83) <br />
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