84005708 - Laserfiche WebLink

Browse

I I..... r I r f ~. . ! ! ~ , f , ! [c r- I 84 - 005708 ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUMENT SECURF..5 A NOTE WHICH CON- TAiNS A PROViSiON ALLOWiNG FOR CHANGES iN THE iNTEREST RATE, INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYME.1IITS, DECREASES IN THE INTEREST RATE MAY RESULT IN LOWER PAYMENTS, <"t'<t..~_ n~..l~~ ~~ ~_..J_ ...L.~_"'''} ,J___ __& "'"'-""--....\-..-_ ~_...J :_ :______"'-_..J !_...._ __...I 1 JU:ei J\..IUel 1~ IIIUUt;! UU::."i ~~ Ul1Y U.l \...A...' < Jl.-. J;;1..Ll!:i- i::l.Q.U .l~ lUl.UJ.PVCG.1.A:U Uu..U UllU shall be doomed to amEl.:nd and supplement the ~tm'tgage... Deed of TrusL or Deed to Se€!L-re Debt-~the ..Sect.LPity Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to THE EQUITABLE BUU.D!NG AND LOAN ASSOCIATION OF GRANO !SLAND. NEBRASKAltM "Lander") of the same date (the "Not,,") and covering the property described in the Set-"Urity Instrument and located at 204 N. PiJ:er no, Gran:l ISlan:l, NE 68801 Property Address MODIFICATIONS, In addition to the convenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree a8 follows; A, INTEREST RATE AND MONTHLY PAYMENT CHANGES: The Note has an initial interest rate o~._ %, The Note provides for changes in the interest rate end the monthly payment as follows: Ul Rate Change Dates and Frequencc Thereof; Begiw ~ in ! 9...a:L...., the rate of interest I must pay may change in the __~__day of the month.. N~r (Month After Closing Month!. and on that day e\'el)'~__.li.___months thereaft"r. EliCh date on which the rate of interest could change Is called a "Rate Change Date~" (2) The Index; Any {'h...nges in t.he rat.... of int.erest will be based on an Index. The "Index" is fX the Monthly Average Yield or Unnc.a Stat€S Treasury """urities adjusted to a constant maturity of _ 6 months X_ __1 year __,_,._____,~3 y~srs ____;1 :.-re-ars U5 made available by the Federal Reserve Board. or {J the Nfl'" tional Monthh' \.ll'dian ('<.st oj Fllnds (annualized I to FSLIt' Insured Savings and Loan Associations, as made available bv th!> F.-clem] Home Luan Bank Board. ICheck only Ol1t' hox.i The first Index figul'(' for this Notl' IS ~.l2..lU'~. It IS called the "Original Index." The most recently available Ind~Jr; figUf" ftS of 45 d~.y~ t~fQn. PBch Rate t:_ha!1~ is I~a!!ed the "Current lnde~." I f the I ndex is no 1{)llg"er a vailan!.. , n.. No\.p 11 older wi!! l~h(l(k,*, a new index which is based upon comparable information, The ;-';ot" Holder will ;;1\'(' me notin' of this choice. (3i Calculation of Changes' Bt,fore ".aeh Chanjil;e Date, the Note Holder will determine any change in my rate of interest. The Nott, Holder will calculate my new interest rate by adding --2--percentage points i._~H'___.2b) to the Currt'nl index and rounding t.he result to the nearest one-eighth of one pereentage point ;0, i 25'\,1, This rounded amount wiil be (he new rate of interest 1 am required to pay. ['he U18x.lmum lnti'n~~t ralp ! wll! bt. rp{luirt:'d [0 pay on this Joan wili be no more than~__ t_~. Tbe rninimum inte-n.st rtilt' ! \-\-'ill be n"Guin~ to pH\' on this kh'Ul will he no less than .J:J.La..-~- '~_'. The Note llolder WIll thel' Jt'(l'rmllle the new amount of my monthly payment which would be 8ufficient to repay the outstandinl( prinnpal halan",' III fuU on tht, maturit.v date at my new rate of intereet in substantially l'<jual pavments. 'fhl' t'l',ult d thi, ,.tlkulation i, l'alled the .' Full Payment" and will be the new amount of my m(}nthly~ paynlt'llt. ' , PROVISION ..\141 appiicai>lt' onlv if lhis box is ch""k..d, 14} LimIt on Intt'.f"n.l Hatt:' In(''re~: Tht:' rate of il1teI'f'sl 1 dIn reqUIred to pay shall never he inc..reased. or dt"'Crvas+"l{l on an,\" ~ingje Hat-t' Chan,gt' Datt' [.l!' mort" r han from [he rate of interest I hav{> been payin;t. ~5} EH~ti~"t" Batt: of ChiillKti; The new ratp of int.erest will lret:olue effe<:tive on each Rat.e Change Date. i will pay the IWW amount of my monthly payment ..ueh month be!tinnin!( on the first monthly payment date after th.. ltat.e Chan;:e Date until tn.' amount of mv month!\' payment is ujiI;ain ehan~'<i, or I have full~' repaid the loan~ ttil Noticfo of ChaD!!....; Th.. '\ot.. Holder will mail or deliver to me II notle.. of allY t'hunjil;es before t'<tch Rate Cha.nKe Dat.t". The \iotic(> wiH advisp me of the new jntere~t ratE> nn Ill\' loan. the !!!!1ount of my new n'!ont!-oJv p8yrnenL~. and any .additionai lilatlt"'rs which t.he ~ot.€ Holdt'r IS rt~u~rffl to disdost".' - Ptovi~ton~ AC'I, AH'H, .\19" and Anm apphcabl-e only if this box 1S \'hR:ki"d. l l11 1lo.>rT9"'....'~ Ril!hl To U...J! Mo..tbly P..yn.....t: 11nl.."" Senmn;; ,'\(~H und '\1 WI b.,!"W will not permit me too do ~o. I rnllY cho~l.w 10 iimH the tHrlOunt of m)' nt'w monthiy pa:\'menl fnUowlug u Hatt~ Chan)tt' DAtl' t-o the IlmUul1t l ha\'~ heen l-l3-_ving rnultii.il.it'ti hv t ht:~ number Ll.i7r~_ Till!:' ~m-ount i~ n,Ul:"(i the "Lunited Pa\'nlt"nt. If J fh()n~:' u LUlute.d PnYfllt,<nt a:o- Ul't HHmthl~-' paynl-.mt. ! IHust gl\'f' fhil :\nu' Hoidt\f noti\.~~' that I .u'n dnm~ ~l\ at 4'B~l t .~! <1a)'''''l hetnn~ in\' fir""t tH'W mOllthh-' pu\:rnt~nt- 1<; dm'