|
77y r+r A'•x ; k ~1 F;' Y,r t-p
<br /> ~ s .fd.__ ' : A !F""°a.1
<br /> i
<br />
<br />
<br />
<br />
<br /> ADJUSTAULT., HA'T E LOAM RMEU
<br />
<br /> UNCX" 83-02002
<br /> MY11:CE: THE SECURI'T'Y INSTRUC frENT SEC'JMq A NOTE WHICH CONTAIN'
<br /> A P:30VISION ALI) ING FOR t.;RANGES 114 THE IN'T'EREST RATE. IN
<br /> CRE.k ES IN THE INT'ERE.ST,ItATE WILLRES1.iLT IN HIGHER PAY,`iYNTS.
<br /> DEC;'tEASES IN THE INTEREST RATE WIM RESULT IN LOWER PAYMMWS.
<br /> ; tri.4 Ftidtt r is made this . A.1 _.._w day of E!I?]C:I~ 19$1..., and is incorporated
<br /> into rind steal! b- de.{erned to amend and supplement the Mortgage, Deed of Txust, or Deed to Secure Debt
<br /> (the „Securit;` Instrument") of the same date even by the undersigned (the "Borrower-) to secure Bor-
<br /> rowers ~1atR to -
<br />
<br /> .
<br /> Firs* "ect.rul. Savings an..................... an A.s4ociai ion of Lincoln. a_United States ccrpora,t.ton
<br /> (thr "Ler dc' of the slime dates (the "Note ) and cow ring iheproperty described in 4he Sec:urit Instru-
<br /> ment and ror-,ated at :.2876 Goldenrod Grand Island;,.:Nebraska 68801
<br />
<br /> Property Address
<br /> M(N)IFIC.ITIONS. In iddit on to the covenants attd agreernenty made in the Security Instrument,.Bor-
<br /> iower and Um.der further covenant r.nd aeTee W fai?aw's:
<br /> :1: T:tiTE1tEST RATE AND MONTHLY PA*" k4ENT CHANGES
<br /> The Note has an "Initial Inters-st Rat,--" of.. _Jk Z~g.._%
<br /> Interest rats., chant,es may occur on tL - ';gt clay of -...........1~e...~ bex.. 19..Ft and on the
<br /> Z:~ rc
<br /> 1St dray of 11 19 3.. and on the 1st day of J.1attt~............ 1f1...°.
<br />
<br /> and on the lst day of . S+~i t.'d ?e-, 19..8. and on those dates of those months in every
<br /> year thereafter, Each dates on which the rate` of interest may change will be called a "Rate Change Date
<br /> Changes in principal and interest pa yr t.-_nts to adjust amortrzaCon of the loan to corresixmd with
<br /> interrnt rate changes shall be made on the ].•t day of , S xr„t smh x.--, 1.9..83.. and on that
<br /> date every year (s) thereafter. '3ach date on which the principal and interest payment may
<br /> change will be ailed a "Payment Change D,.te".
<br /> Changes in the interest rate are guve,xned by changes in an interest rs,te index called the "Index".
<br /> Check box(c.) W indicate Index-
<br /> C) i "Contract Interest Rater Purchase of Previously Occupied Homes, Natioruil Average for all
<br /> Majpr'NJX!S of I lidexs" published by the 17ederal Home IA-,an Flank Board.
<br /> (F) Ad,)tsta'51.e Rate Note - Monthly average yield on U.S. Treasc.'y
<br /> Security>s an~lustf!d to a constant maturity of. 1 ye_~. Qubllstied by the. Fed :c.'al Preserve 9narc!,
<br /> Check bor(es) to indicate lirnit-R.
<br /> (1) 0 If this box is cliecked, there will be no maximum limit on changes in the i-,iterest rats up or
<br /> do-,%n. The Pralirnina-iy Rate referred to in the Note, will br, the new interest rate,
<br /> (2) 0 It t!aiw by)x any checked, the interest We that l imy shall not, increase more than
<br /> p,
<br /> •rrnt.age rants on an Bate Change Lhrte.
<br /> (:3) 0 If !;hip, box is checked, the in :erect rate that I pay shall not i.~ierrasne more than
<br /> percrantage 1xoirnts on, any Nate Change Date.
<br /> 14) [7.' If this box is checked, the interest rate, that I pay shall never be wore than ...~~!.:.:~Q~.:..%
<br /> during thi ivriod 1 have, my loan,
<br /> (5) Gq It this box is Checked, the .interest rate that I pay shall never be less than
<br /> dl.rinr this peiio;d I have my loan.
<br /> (6) L] If thi.s box is vhec!ted, t,;e p}inArip,rl and lutem,t, payment that I pay shall not incre.sse more
<br /> t4an percent r-n any Prtyrw.nt Change Date.
<br /> (7) C7 If thL,3 box is checked, the ptincipal and interes', payment tl, L I pay shall not dcTrrase more
<br /> than i•,ercent on any Payment Change Date.
<br /> The monthly pxtyrnent, cmr•unLci will r;..lx; change on Paymonit C''hang a Dateo as provided in the NO",.
<br /> Becaur4- payment changers may occur It-as o f n than interest rate changes and/or trrny be subjecet to certain
<br /> limitations dcrscnbed .in the Note, the mc,rith1v payments may be insufficient at titmen to y i-cruinjr
<br /> interest.. In such case, unpaid interest is added' to the principal balance of the Note will itself will accrue
<br /> intro-fast thereafte-.
<br /> F"rxrrx !64',
<br /> 4
<br /> ' r gat I M~e niS,tli ~r~ r I~a.ay.w~ yr } 1; C; A
<br /> .
<br /> 3 a': yYyi Y' 1
<br />
|