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<br />r <br /> <br />-t,.. <br /> <br />RIO E R <br /> <br />84- 08.'.. <br /> <br />Modifications. In additian to. the covenants and agr~nts~<'n"'_", <br />Mortoage, Borrower and Lender further cavenant and agree as foUow$~ <br /> <br /> <br />NOTICE: THE MORTGAGE SECURES A NOTE WHICH CONTAINS A <br />PROVISION ALLOWING FOR CHANGf.S IN THE INTEREST RA'Tt., <br />INCREASES IN THE INTEREST RATE WILL RESUt.T IN< Ht.'R" <br />PAYMENTS. DECREASES IN THE INTEREST RATE Vnt.1-REStJCl'lttc: <br />LOWER PAVMENTS. <br /> <br />This Rider is made this .l2!ll day of ADM 1 . . . ' 1.' <br />incorporated into and shall be deemed to amend and supptement the.' . <br />even date and attached hereto given by the undersigned (the "Ba <br />secure Borrower's Note to The United States National a.nk of 0lIl..,< <br />(the "Lender") of the same date (the "Note") and covering thep!"OPeiCi. <br />in the' Mortgage and located at A N br . . <br />A ' U" -f " . r f' <br />P.M. <br /> <br />A, INTEREST RATE AND MONTi'lL Y PAYMENT CHANGES <br /> <br />The Nate hu an "Initial Interest Rate" of 11.75 't. The Note <br />interest rate may be increased ar decreased on each Change Date, as <br />described in the Nate. Changes in the interest rate are governed by <br />changes in an "Index," The Index is the weekly average yield of <br />One Year United States Treasury Securities adJusted to a cons~an~ <br />maturlty of One Year, <br />, determined in the second calendar mon:th <br />preceding each Change Date. Such changes in interest rate will occur <br />on February 1. 1986 and annually thereafter <br /> <br />, Increases and deCreases In the intereat <br />rate .re limited to a change of ~\ each Change Date, <br /> <br />If the interest rate changes. the amount of Borrower's monthly <br />payments will change as pravided in the Note, Increases in the inter- <br />est rate will result in higher payments. Decreases in the interest rat. <br />will result in IOINer payments, <br /> <br />B, LOAN CHARGES <br /> <br />It could be that the loan secured by the Mortgage is subject to a <br />law whiCh sets maximum loan charges and that law is interpreted 50 <br />that the interest or other laan charges collected or to be colleeted in <br />connection with the loan would e:o<ceed permitted limits, In this event, <br />then: (a) any such loan charge shall be reduced by the amount <br />necessary to reduce the charge to permitted limit; and (b) any sums <br />already collected fram Borrower which exceeded permitted limits will be <br />refunded to. Borrawer, Lender may choose to make this refund by <br />reducing the principal owed under the Note or by making II direct <br />payment to Borrower, <br /> <br />C. TRANSFER OF THE PROPERTY <br /> <br />If there is any transfer of the ~raperty, including a transfer <br />described in Paragraph 17 of the Mortgage, Lender may require either <br />an: increase in the current Note IOterest rate, an increase in the Base <br />Index figure, or a change af any of the loan terms, as a condition of <br />Lender wa,...ing, the option to accelerate provided in Paragraph 17, <br /> <br />By .ieninv thi., Borrawer agrees to all of the above. <br /> <br />;f$." /~...,~." ..~ <br />;fit/. .,.U/;;/' v ';(..::<0', <br />Michael L, Wieck Borrower <br /> <br />, " <br />J'~lU...\..U{"...f , l \,;;. ct. <br />,osw; tha P. Wied Borrower <br />