|
<br />I
<br />
<br />" ,,_'\'~c ;_~.;..;.,.
<br />
<br />84- 003283
<br />
<br />Loan No. ....589ZA..lw.1.8.......
<br />
<br />r
<br />
<br />Q
<br />
<br />ADJUSTABLE' RATE LOAN. RIDER
<br />
<br />
<br />NOTICE: THE SEcuR1TYlNSTR~~~ECURES A NOTE WHIQHCOlllTAINS
<br />A .PROVISION ALLOWING FoR'OH:A.NGES IN. THE INTEREST'RA'J.'.E,IN"
<br />CREASES IN THE INTERESTRA!rE.WI1,L RESULT INHIGHERP~YME~$;
<br />tlECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. '
<br />
<br />This Rider is made this nn,..~QtD,....... day of ..'.."n......'.."...Jw:~L,..., 19..(l1, andisin~~l'/lted
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust,orDeed to Si!c1ri'eD4lkt
<br />(the "Security Instrument") of the same date given by the undersigned (tbe "Borrower") '. to St\CUl'tl!~'"
<br />
<br />rower's Note to ."..,........", ,....' .,..... ,.. '... ,." ,..,' .....,...,,' ,.., ,.,. ...,..." 'n',' ....,'...... ',.,..."...., ......, ..,...:, ,....:.:.:.......,.,.~,..;...;.'-
<br />~~r.lJl.t:~!;l<I,~~l,.~y~r!g~..;m.d,..kmm...,A,~I!Q.q;f,a.t.i.o'n.,qr ,J..;f,nqQln.,.a....\!ltl.t~.<;I.,Stll,t.ft~.:.Q.sw.UQnl;;f,Q!l....
<br />(the "Lender") of the same date (tbe"Note") and coveringtheproperty~escribedm'theSllcnrityInStru"
<br />ment and located at ,4.~? ..,~~!;, .,~g~", ......."............, ..,..".."........Grand...Dtland.,...Nebr.aska',..688iIL...,.,..
<br />Property Address . '
<br />
<br />MODIFICATIONS. In addition to the covenants and agreements mallein the Security Instrument. Bor.
<br />rower and Lender further covenant and agree as follows:
<br />
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The Note has an "Initial Interest Rate" oL...12~,4,6.Q,....%
<br />Intereat rate changes may occur on the 1st day of ...,....................'n....!).Q;tob.er......., 19.85.., andon,the
<br />1st day :of ."..~".._..m_..h.n~~..~_.Ja..lluary~..~~~., 1966__.- and on the 1st day of "_'h.hm~.mm.._.~il,,~u~_.~~~.t' 19Jin.~~
<br />and on the 1st day of ...............,..... ...JJJ.lY.m~........., 19,86.., and on those dates of those 1Il0ntllll.in '!!!fl"
<br />year thereafter. Each date on which' rate of interest may change will be ('>Rlled a "Rate Change Date',
<br />
<br />Changes in principal and interest payments to adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ............~.................,.J.ulV................, 1986.... and on that
<br />date every ..,,.,,,::""'''',.,,,...... yea,' ,) thereafter, Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date",
<br />Changes in the interest rate are governed by changes in sn interest rate index called the "Index",
<br />Check box(es) to indicate Index.
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Oecupied Homes, National Average for aU
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board,
<br />(2)U MjJ.lll.t.able., Rat.a..No.t.e.. ,,.,,, Man th1,v.., all a.r.age, y,1el.cL.on..11..3... :r.r.ea=y..Sao.u~ i.t.l.es...,
<br />ad jus tad.. ~J)...a.. CD.ll5 tao.t...ma.t.ur.1.ty...of ..1... year.. ,pub.l1shed...,by...the ..F.eder.aJ.. .Res.e.r.lle.. Boa~d.~........ .... ......
<br />Check box(es) to indicate limits,
<br />(1) D If this box is chf>Cked. there will be no maximum limit on changes in the interest rate up or
<br />down. The Preliminary Rate referred to in the Note, will be the new interest rate.
<br />(2) [] If this box is checked, theintere:;t rate that I pay shall not increlUle more than ...........:,.......
<br />per<.oenLage points on any Rate Change Date,
<br />(3) D If this box i9 rhe.~ked. the interest rat..> that T pay shall not decrease more than ...............,....
<br />percentage points on any Rate Change Date.
<br />(4) f] If this box is ehecked, the interest rate that I pay shall never be more than ..1-3-~9!'i0'.,... %
<br />during the period I have my loan.
<br />(5) f] If this box is checked, the intel'el1t rate that I pay shall never he less than .0.....,...........%
<br />during th" period I have my loa.n.
<br />(6) 0 If this box is checked, the principal llnd interest payment that I pay shall not increase more
<br />than ..,.......,....... percent on any Payment Change Date,
<br />(7) 0 If this box is checked. the principal and interest payment that I pay shall not decrease more
<br />than ......,."......,... percen~ on any Payment Change Date,
<br />
<br />The monthly payment amounts will also change on Payment Change Dates a.~ provided in the Note,
<br />Because payment changes may 0Cl.'ur less often than interest rate changes andjor may be subject t.o certain
<br />limitations described in the Note, the monthly payments may he insufficient st times to pay accruing
<br />inteloot. in. such l"","" unpaid interest is added to the print.~pal balance of the Note and itself will accrue
<br />interest thereafter.
<br />
<br />....... ...
<br />
<br />u
<br />
<br />L
<br />
<br />L
<br />
<br />..J
<br />
<br />L
<br />
|