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81002785
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81002785
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Last modified
1/14/2010 2:29:13 PM
Creation date
1/14/2010 2:28:27 PM
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DEEDS
Inst Number
81002785
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81--OU2785 <br />AD~lUSTABl.E RATE RIDER TO DEED OF TRUST <br />This Rider is made this I AL day of ter,*++a ~ aA t ,and i8 incorporated <br />into and shah be deemed to amend and supplement the Deed of Trust of the same date gi~ri by the <br />undersigned (the "Borrower"} to secure Borrower's note to Commercial Federal Savings and Loan <br />AssociaYiort of Qmaha, Nebraska (the "Lender"} of the same date (the "Note"} and coverktg the property <br />described in the Deed of Test and located at <br />~E106 RA}lP2LH~2AT1ft IO~Af][t NPFTARt[A FiRFSCSt <br />Mozf3Ncrttions. in addition to the covenants and agreements made in ttte Deed of Tnrsf,` Borrowat and <br />t.endeP tldrth®r COVenant aild agre@ aS tOIIQWS: <br />1. Interest Rate and tdonthly Payment Changes. The Note has ar, initial interest rate of _14.25Q9b. <br />Ths note interest rate may be increased w depeased on each Change Data, as destibed in the Note. <br />"hanger in the inierast rate era gov;:rrad by the changes in the weighed average y~Id at wt~Ch the Federal <br />Home loan Mortgage Corporation committed to purchase conventional mortgage notes witlr a fixed rate of <br />interest for the shortest available delivery pies ~fb%. <br />The Y paymem amounts wiN also change on Payment Charge Dates as provided in the Note. <br />Because payment changes may ocetrr kiss often than interest rate changes and/or may be subject to certain <br />limitations described in the Note. the monthry payments may at times not be sufficxerrt to pay accruing <br />urtenast. In such case. unpaid interest is added to the principal balance of the Note and itself accrues <br />interest thereafter <br />2. tt cotrid ba that this k>~ is subject to a law which sets maximum loan charger and tftat law is <br />interpreted so that the interest w Omer loan ctrarges collected w to be collected in connection with this loan <br />would exceed pamiited lirrNts. tt ttgs is the case. then: (A) any sutd- loan charge- shall Ue reduced by the <br />amotuN necessary tq reduce the charge to the permitted limit; and (B) any sums already CD88Cted from <br />Borrwrer rMucf~ exceeded permitted 6mitS writ be refunded to Borrower The Note Holder may choose to <br />make ttds retwxf by reduang tl'te principal Borrower owes under the Note w by making a direct payment to <br />Borrower If a rehxW reduces pnnppai, the red~tion wrll be treated as a partial prepayment. <br />3. $y sgnrng ttns. Borrower agrees to all of the abov~e.~ <br />~~~~ -- ark r. tiecher B/w_rowar <br />Raseana ~'. Becher Borrower <br />n+-sar <br /> <br /> <br />
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