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83006752
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Last modified
11/20/2008 10:49:30 AM
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11/20/2008 10:49:29 AM
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DEEDS
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83006752
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<br />I <br /> <br />83-0067520824760-8 <br /> <br />ADJUSTABLE PAYMENT RlDER <br /> <br />nus AUJllSTABLE amtlNl' R.IIE!. is made this 27th day of December 1983 alli1s <br />iIx:orp>ralAld into and shall be deemed to8llElld ~ tre l'brt:gaaa, Ill!ed otTr.ltt, orDeed'l:a <br />~Ilebl: (tla "5eQ:lrlty InsttuDent.') of tbe_dategiwn by tIE ~(tIE'~l;to; <br />~.IloIrlllller-s M~ Paymeu;.lbte toT~ F:l.mnc:Lal, :me. (tIE '~")oftba Sllllie'aat&' <br />(tla "Note") and aJ\llel1ng tIE pr:operty described in tla Security InstroIeoI:and1OCatedat: <br /> <br />no? ~ ',or'l' Rd,Grand Island, Nebraska 68801 <br />(PropertyAddl:ess ) <br /> <br /> <br />r <br /> <br />The Note Contains Provisions AlIowing For Changes In The Ititerest.RateAndTDe <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 Pa}'llletl.t AmOunts. <br />One Will Be The Amount That I Must Actually Pay Each Montb~ TbeOther W;l;ll B&An <br />Amount That I Would Pay Each Month To Fully Repay Tbe 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 />AlDII'IONAL CCNENIlNIS. In additi<n to the coveoants and agI'et!IJlentS made In the, Security <br />InstlUDem:, Ilorroooar and Len:Ier further CO'Io"I!Ilant and agme as f01.lows: <br /> <br />'ib..I~~r;or~ ==~=~C~GEfo.50CX. Sections 2,3,4,5 and 6 oftbalbte <br />provide for c.bsoges in tla :Interest rate and the llDlthly p!yments, as foilDwB: <br /> <br />"2. INTEREST <br />(A) Interest Oed <br />Inter:estwill be clBrged on thst part of principJl lob1ch has oot been paid, begi.m1ng on the <br />date I receive idncipIll and ClXltimiDg 1.ntil. the full BIlD.Ilt of idncipIll IBn been paid. <br />10.5011. <br />BeginnIng 00 the date I receive priIclpal, I will ply interest at a ~J'l '?iti. of 1 !IF I, 7:. <br />The interest rare I will ;:ey ...y cbmge on tla first day of the IIIXlth of Y. <br />and 00 tint day ewxy f. t j, IlIXII:b thereafter. Each date on lob1ch the iiiterest rate could ~. is <br />called 00 '"Interest ~!late." The new interest rate will becaDe effective 00 each Interest <br />CIm:vt lBte. <br /> <br />(B) Ihe Index <br />Begiming with the first Interest Olanse !late, ray interest rate w1ll be based 00 an Index. :t' <br />...In:iex.... is the :"'Clet,.1V" _00 /,ve-n (" Hate on (-Hited Stutes Treasury bills \~'ith a nlJlturity oJ _, <br />~tAA . as a t rve. most recent <br />t as at the date 45 ~1/S before each :Interest ~ !late is called the "0Jrrent rmex". <br />tutecest rate r ~j.1.l pay ~~~.U not P.:I(C~"'L\ 13. 9S(l~~~ <br /> <br />L <br /> <br />If the Iniex is no laager available, the lIbte !bIder will clllose a lEW Jnlex "*'1ch is lRse:l upon <br />CCIIIpIlllble infom&tion. Ihe Note !blder will give me oot1ce of this c1nice. <br /> <br />(C) ('''k,.ll>t100 of Inten!6t !late ~ <br />Before each Interest Olanse !late. the Note !blder will calculate my new interest rate by adding <br />~ pen:entage points (; '<;~,XJ to the 0Jrrent rrxleot. ne Note Holder will then I'OUIU <br />the of this addition to tli! neal'e8t one-ei,ghth of one percentage point (O.US%). This roonIed <br />- will be my new interest rate mtil the next Inter:est 01Illlge !late. Lxc<4'l the c;m<lnUll il1ter<.'St <br /> <br />rat(br~~ = ~c;' <br />1he interest rate requ1.Ied by this Section 2 1s the rate I will ~ both before and after any <br />default de8cribed in Section 9(B) belcoo1. <br /> <br />3. CALCULATION OF AMOUNTS OWED EACH MONTH <br />1he Note IIo1der will cal.culate my Fulll'b:lthly huot. The '"FUll!t:mtbly Aalotnt" is the ilIIIOOOt <br />of the lIDlthly paJIlIellt tlBt would be suff:lcl~ to reply the UIlpf1i.d priIclpal ba.I.a=l of ray loan in <br />full at the interest rate I ara ~ to pay by Sectioos Z(A) and 2(C) above in substantially equal <br />pl~ on I ' ,., r . ,," ! t. , Iitlich is called the "maturity date". !'y HISt Full <br />!txlthl.y ilIa:ult 1 ~.!':. ~ "~. Before each Interest Olanse !late, the Ibte !b1der will <br />calo.WJta the lW# Full It:athl.y . ~ I w1ll (M! each IIIXlI:b beg1nn:i.ng on the first DIlOthly <br />pl~ date after the fnt:en!st a-. lBte. <br />1heFull !ttthly ltu.Ilt I owe ...y he ame or less than the aonot I am requ;I.nd to pay each <br />-w.. Section 4 belcoo1 states the /lIIIlUlt of ray lIDlthly p!)mI!nt and 00w it will clRnge. Section 5 <br />below deecribB hew my UIlpf1i.d pdnc.!pal balance will chanse if the /lIIIlUlt of ray lIIlIltbly p!}'IIlE!IIt and <br />the Full Jobothly Ian.Gt are different. <br /> <br />4. PAYlmNTS <br />(A.) !be aid Place of PlJ.)w!ots <br />I.will pay ptiQc1pal and Intere8t by IIIliId.qJ p!yaents ewxy 1IDlth. <br />I w1ll lIf~" my 1IWti'.J.y pll)illliQta <n tbe first day of each omth beg1nn:i.ng ca <br />~"g ~4 . I w1ll IlIIlce tbea ~ every month will I have paid all the <br />aM any other ~ deecri.bed below tint r ..,.y ~ <nler this Note. ~ <br />WII:IIth1J' ....... will be app1:Ied to inbmlst before pdnc1pal. If I still owe amomts tnIer this <br />Illt.- CIl tha ~ty date, I will pay t:I'.- IalUllts in full on tbet date. n.- i!IDJI.IIltS could be <br />llI*ter rn. the _ of my Lut llDithly pl~ befOte the lDltur1ty date. <br />r w1ll ... my lIIXlthly p!~ at 2UO South 72M Street, Qaba, Nebmska 68124 or at a <br />~ pl<<e if tlIlqlIl.nd by the Note 1Io1der. <br /> <br />AI;lJ fJ'5/; An Lt L1\ YN't:~n' ~,;[; 1 t <br /> <br />!<-1PN1'f~ Tf.f;_.\'!:-:tl}_'~' <br /> <br />(~ '0 <br /> <br />jh) <br /> <br />TMC-005 (qc) (P~g~ t) <br />{NC.4;or 1 tJ8:1) <br />
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