84002826 - Laserfiche WebLink

Browse

I 84 -4>02826 0908463-7 ADJUSTABLE PAYMENT RIDER I nus AIlJlJSTAIll.E PAY!f'.Nl' RIlER is made this 25th day of Nay 1984 ani is incorporated into ani shall be deeDed to llIII!nI ~Dt the ~rtgaae, Deed of Trust, or Deed to Secure Debt (the "Security Imt:rmert:") of the same date g1.ven by the un:Iersigned (the "Borr.-r") to secure Borrower's Adjustable Payment Note to TOIier Fimncial, Inc. (the "Lender") of thesalie <!at!! (the "Note") ani COIJe~ the property described in the Security Imt:rmert: ani located at: ~RO~ M~~y T~nD r,T~n~ T~lAnd, Ne~~ -6SS01 rty Addre$s) The Note Contains Provisions Allowing For Changes In The Interest }tate AncLThe Monthly Payment And For Increases In The Principal Amount To Be Repaid.. The Note Also Provides For Calculations Of Two Separate MonthlyPayaaent.'l\DiOUtlU. One Will Be The Amount That I Must Actually Pay Each Month. . ThecOthe"I'W:l:tl'/~Nl Amount That I Would Pay Each Month To Fully Repay The LoanOnT1fe"MatUrtt:'YP'1)~t:~~.;; This Means That I Could d.epay More Than I Originally Borrowed Or Tti.t,"I C911):d: Repay My Loan Before The Maturity Date. AIDmlJilAL <IM1Wml. In addition to the ccwenants, ani agrEieaeuts Inst:rmert:, BolTOlil!!r and Lender further covenant ani agree as f~: (B) 1lle Index ... .' . ....... .i:, BegiIm1ng with the first Interest C'Ilatwe Date, my interest rate will be "-,...;I'lIi'atl "Index" is the Weekly Auc:t1on Average Rate on United States Txe.8Jlyb11:ls.wJ,t:Ila... ....... '. ~, as made available by the Federal1leser\le Board. 1lle_tnamtilnlleK.:figUl'e:.-:ko1:#i 45 days before ead\ Int&est C'Ilatwe Date is called the "Current Index". . A. INTEREST RATE AND MONTHLY PAYMENT CHANGES 1lle Note prarides for an initial. interest rate of 10.500 %. SectJonl2i3,~,5;';~'~ Note provide for ct~ in tla: :intereoot l'lib! am ttejjl)l~hl)' jlS1iIEiEii, _:fi..l1lHi~', . ";: "2. INTEREST (A) Interest Owed Interest will be chalged on t1at part of principal Wic:h has mt'beoen;~i;;~~~~, date I recei'le principal an:! cordndng untUthe full aIIllIIlt of priD:ipal' has'been:.~.'li;/ ~ on the date I receive principal, I will pay interest ata}'llllrly,rate:ofdO:50 1lle interest rate I will pay IIBY chat1!.e on the first day of the IIDIIth of December.'<l ".e:' an:! on that day every 6th tIIXIth thereafter. Ead1 date on ~eb the interest rate:~aJl,dC~$i!!! called on "Interest Chaq1,e Date." 1lle new interest rate will beccme effecti'\le'on:eadir.~J:'.'; 0lan8e Date. The interest rate I will pay shall not exceed 13.990%. .. . L If the Index is no lonaer available, the Note !bIder will croosea~~....u.i:!\;,)s ~le infolDBtion. The Note !blder will g1.'le me mtice of this. choice. . ., (C) ('...l....h~<riot of Interest Rate Olanges Before each Interest 0Iqe Date, the tbte !blderwill calaJlate mylld(~~.l:. ~ ~ perc:enta&e paints (~, I ';0 %) to the. CummtIndelt' 'l1)e~~~1~;; t Of this addition to t necest ~ of one~J;l:lel1t~.(~ (Q4.1; ~ will be my IBr interest rate tttU the tlII!U I~t ~~. ExcllPt~ rate shall not exceed 13.990%. (D) Interest After Defatlt 1lle interest rate required by this Section 2 is the rate I will def.ut described in Section 100B) bel.air. 3. CALCULATION OF AMOUNTS OWED EACH MONTH 1lle Note !blder will calo.llate my Full lblthly Auwnt. 1lle '"Full ~y~~'i.tl1l!~ of the lIIlIIthly paylII!Ilt that wwld be S1ffi~ to ~ the lql8id~pU bL1Ii(lae.of.II.l"~#l full at the interast rate I,. required to pIly by Sect10m 2(A) ani 2(C) above inll!lbot~Y.~. ~ on Illnp 1, 2014 , web is called the "1IBtur1ty date". My firstFUl.1. ~y Auwnt is U.S. ~mttd?~. Before each Interest CI'mwo Date, the Note Holder will calculate the MW Full Y web I will ewe each IOOl1th beginning on the first aomhly payRDt date after the Interest ~ Date. 1lle Full ~y AaDunt I ewe may be lIDre or less tl1m the aJIDUI1t 1 ,. required to pay each 1IDDth. Section 4 below states the aIIllJUIlt of my 1IDIIl:hly payment and row it will c:haqje. Section 5 below describes row my tql8id principal balance will chat1!.e if the aDDlIDt of my llDllthly pIlyaBlt ani the Full !tlnthly AaDunt are di.ffe~. 4. PAYMENTS (A) TiE. an:! Place of PlIJIIli!IlCs 1 will pay priD:ipal an:! interest by IIIIk1ng payRDts l!W!ry IDXIth. 1 will 1IlIke my 1IDIIl:hly psyIIlI!lltS on the first day of each IIIlIlth be81m1ng on ~ az.\ q ~ . I will 1IlIke these ~s. every IIDllth untU I have paid all the t and any other c::har8es described below that I IIBY owe 1.Dier this Note. ~ 1IIlD:hly pl~ will be applied to interest before principal. If I still ewe aJIDUI1tS un:Ier this Note on the ..curtty date, I will psy en- -..mts in full on that date. Those aDrlUIlts cwld be sr:eater thin the 8DJDt of my last IDXIthly payaBlt l:efore the IIBturity date. I will 1IIIlke IIIJ lIIlIIthl.y ~s at 2120 South 72tw:1 Screel:, 0Eha. Nebraska 68124 or at a differelt place if required by the Note Holder. ADJUSTABLE PAYMENT NOTE 6 MONTH TREASURY INDEX (l - ~ Family) TMC-024 (qc) (Pag~ 1) R0V ~!8~ (CAP 2)