200810417 - Laserfiche WebLink

Browse

.-- \. 200810417 beginning on February 5, 2009 . I will make the Biweekly Payments every 14 days until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. My Biweekly or any monthly payments will be applied to interest before Principal. I will make my Biweekly or any monthly payments at 2009 N. Diers Ave., Grand Island, NE 68803 or at a different place if required by the Note Holder. (B) Amount of Biweekly Payments My Biweekly Payment will be in the amount ofV.S. $ 1,078.80 (C) Manner of Payment My Biweekly Payments will be made by an automatic deduction from an account I will maintain with the Note Holder, or with a different entity specified by the Note Holder. I will keep sufficient funds in the account to pay the full amount of each Biweekly Payment on the date it is due. I understand that the Note Holder, or an entity acting for the Note Holder, may deduct the amount of my Biweekly Payment from the account to pay the Note Holder for each Biweekly Payment on the date it is due until I have paid all amounts owed under this Note. 4. TERM If I make all my Biweekly Payments on time, and pay all other amounts owed under this Note, I will repay my loan in full on October 13,2033 . If, on January 5,2039 [insert applicable 15., 20. or 3D-year maturity date based on a monthly repayment schedule] I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "Maturity Date." 5. [omitted] 6. [omitted] 7. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Late Charge for Overdue Payments If the Note Holder has not received the full amount of any biweekly or monthly payment by the end of 15 calendar days after the date it is due, I will pay a late charge to the Note Holder. The amount of the charge will be 5.000 % of my overdue payment of principal and interest. I will pay this late charge promptly but only once on each late payment. (B) Default If I do not pay the full amount of each biweekly or monthly payment on the date it is due, I will be in default. I also will be in default if I do not maintain the account I am required to maintain under Section 3(C) above. (C) Termination of Biweekly Payments If I am in default for three consecutive Biweekly Payments, the Note Holder may terminate my right to make Biweekly Payments under this Note. If the Note Holder terminates my Biweekly Payments. I will instead pay all amounts owed under this Note by making one payment each month on the first day of the month. MULTISTATE BIWEEKLYPAYMENT RIDER(FixedRate)- Single Family - FannieMae Uniform Instrument Form 3177 1/01 Laser Forms Inc. (800) 446-3555 LFI#FNMA3177 1/01 Page 2 of 3 Initials: