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84002891
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84002891
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11/20/2008 3:58:00 PM
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11/20/2008 3:58:00 PM
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DEEDS
Inst Number
84002891
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<br />I <br /> <br />84- <br /> <br />002891 <br /> <br />RID E R <br /> <br />NOTICE: THE TRUST DEED SECURES A NOTE WHICH CONTAINS A PROVISION <br />ALLOWING FOR CHANGES IN THE INTEREST RATE. INCREASES IN THE INTEREST <br />RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL <br />RESULT IN LOWER PAYMENTS. <br /> <br />Thi s Ri der is made thi s 30th day of May ,19 84 ,and is incorporated <br />into and shall be deemed to amend ana-5upplement the Trust Deed-or-even date and <br />attached hereto given by the undersigned (the "Borrower") to secure Borrower's Note <br />to The First National Bank of Grand Island, Grand Island, Nebraska (the "Lender") <br />of the same date (the "Note") and covering the property described in the Trust Deed <br />and located at 1823 North Sherman Court, Grand Island, Nebraska 68801 <br />Lot Four (4), of Imperial Village 8th Subdivision, in the Clty of Grand <br />Island, Hall County, Nebraska. <br />(Property Address) <br /> <br />Modifications. In addition to the covenants and aoreements made in the <br />Trust Deed, Borrower and Lender further covenant and agree as follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />The Note has an "Initial Interest Rate" of 12 %. The Note interest <br />rate may be increased or decreased on each Change Date, as described in <br />the Note. Changes in the interest rate are governed by changes in an <br />"Index." The Index is the U.S. Treasury Securities-One Year. The weekly <br />average yield of one year U.S. Treasury Securities adjusted to a constant <br />maturity of one year. , <br />determined in the second calendar month ~receding each Change Date. Sue" <br />changes in interest rate will occur on Fet~uary 1, 1986 <br /> <br />Increases and decreases in the interest rate are limited to a change of <br />~% each Change Date. <br /> <br />If the interest rate changes, the amount of Borrower's monthly payments <br />will change as provided in the Note. Increases in the interest rate will <br />result in lower payments. <br /> <br />B. LOAN CHARGES <br /> <br />It could be that the loan secured by the Trust Deed is subject to a law <br />which sets maximum loan charges and that law is interpreted so that the <br />interest or other loan charges collected or to be collected in connection <br />with the loan would exceed permitted limits. In this event, then: (a) <br />any such loan charge shall be reduced by the amount necessary to reduce <br />the charge to permitted limit; and (b) any sums already collected from <br />Borrower which exceeded permitted limits will be refunded to Borrower. <br />Lender may choose to make this refund by reducing the ,principal owed <br />under the Note or by making a direct payment to Borrower. <br /> <br />C, TRANSFER OF THE PROPERTY <br /> <br />If there is any transfer of the property, including a transfer described <br />in Paragraph 25 of the Trust Deed, Lender may require either an increase <br />in the current Note rate, an increase in the Base Index figure, or a change <br />of any of the loan terms, as a condition of Lender waiVing the option to <br />accelerate provided in Paragraph 25. <br /> <br />By signing this, Borrower agrees to all of the above. <br /> <br />/~/,,/;;/ {4~./f.' /~,;:q4 <br />Victor Dale Sunty~// Borrower <br /> <br />I ~ L <br />n.1.a.v~ r;' /:5' ,z-~ <br />Martha E,8, Suntych . orrower <br /> <br />5/84 <br />
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