96103205 - Laserfiche WebLink

Browse

.—. . � _._��z_:.�_. `_'"_"'i�":,�-�.:��___ . , . , _ .�i�ls.:•, � . � ...&�a �yv�...�a:�we�w. ---- -=v��---- _. _-� --- - - - - • - ADJUS7'Al3L� lZ.A'1l'.� K1tY��t� 2a�27saa �• ci��T�ry r�p►-�cs�� — - � g� i�132�5 TH15 ADJUS7'AEtLIi kATE RID�It is i►u�le thiY 22ND day of APR I L , - 1996 ,arxi is inco�{x�t3►ted inta w�d st�all bc deen�ed to an�encl and supplen�ent th�:Mortgagt. Dxd of Snut or Security Dead (the"Sccucity Instrumc.-u")of thc sau��Civert by ttk ur�:.rsisned(the`Honower"?to _ secure the Borrawer's Adjw:tuble R�tt Note(the'Notc")ta ihe Epuittb��Bui�ding •nG lo�n Associ�tion of Gr�nd I�l�ed, NeOruka, A Fed�r�1 S�vir,gs B�nM (the"L,epder')of the sank date and mvering the property dacritxd in the Security Insttunxnt apo locztod�t: 3970 S ENGLEMAN RD GRAND ISLA��N�ss�SKA 68803-9636 THE Nd'!TE CONTAINS PROVISIONS ALLOWING FaR CHANiiES IN THE INTEREST RATE AND ZHE MOAITNl.Y PAYMENT. THE NOTE LIMITS THE AMOUINT THE BORROWER'S INTEREST RATE GAN CHANGE AT ANY ONE TIME AND THE �AAXIMUlIA RATE THk aUltKUwe�s iriu�i rFa�. ADDI'T[ONAL COVENANTS.In addidon to the coveuants and a�roements made in the Sec�uity Iasttument� Bonnwer aad Lender fwther covenant and aQroe as foUows: A�I1V^rEii�ST RATE AND MONTHLY PAYIt'IENT CHANGES The Note provides for w initial inurest rato of E.850 46.The Nou pmvides for changes in We intezest rate s�nd We cnotuhlY PaYmnts�as follows: 4,�TE�lES'T RATE AND MONTHLY PAY11iENT CHANGES (A)Ch�nQe Dater � 2001 ,and on t6at 'Il�e ioeecest rste i will pay may char►ge on the fust day oflulAY day every 12th awath t�hereafter.Fach date on which my interest�ate could change ia calkd a'Ci�age Due." (B3'iLe IndeY �8�p8 with the first Chaage Q�,my interau nu will be based on an Indeu. TEe 'Iodea'is the w�rlclY avenge yield oa Uuited Staus Treasur}se�w'ities adjustad to a coRStani n�turity of 1 year.as w�de available by ._ � '�.� '-�' "i:iv o�«5�::�«..:^...F rlr rl^M Li�vc�1Ef[11�E dC�f QiiOat,�G —-- K,CSQVC�.1 ttC u�vai ici�cau• � iS q��t}IG�CtirllCa[ILdC3t." If tbe Iodex is no W�gu available, the Nou Ho1du will ctwose a aew index which is based upoa oot�bk infom�ativa.The Note Holder will gice me notiee of this choioe. (�Cala�IstSoa at Cl�an�es B�fore each Chu�gie.Q�te.the Note Holder will cak,vlate my new interer,i rue bY addiog .� peroemtag�point(s)( 2.d00 96)to the C'�imot Index. '[!te I�ote}IvL�rx will then t»uad the rzsWt of this additinn a the rrearac oae-ei8hth of oae Paaat�8e Point(0.1259b). Suliject to the limits.sf:ir,ed in Seaian 4(D)bcIa�. chis rn+�adod aatount will be my nevv interest rate until the next Ct�aege Date. The Note HoWer wifE tha►deutmine the�mosuzt of the moathiY W)'mrat tl�at woutd be mm�co�pry u� unpa►d Pr►nciPal that I am e�cpacted to owc at the C6ange Date in full on the Mawrity D�te at my new intertst rate ia subcwntially o9ua1 PaYments.The result of this nlailarion will be the new smoiuu of my monthlP PaY�• N)I'imit�°°iater�st�tate Chan�es 8.650 17�e intar.st rate I un�quirod to pay at the fint Cltiaage Date will aot be girater thaa � or kss tban 4.8 5 0 5b.Zts�reaRa.my interest noe will never tx iricreasea or aecreasod m any siqgle Chu�ge Date by more thao two paaatage points(2.04b)fma�the sate of interrst I have boea Pm►Yi� for the preoedin8 twelve moaths.My interest tate will never 6e grester thaa 11 .850 56. IAy interest rate wi 11 never be lower than 4.850x. (�Eifactive Date ot ChaaBes My mv intereu nte w�ll b000me effective on exh Ch�nge Date. I will pay the aa�ount of my txw m�atlily - WY� �&��n8 on the first moathlY P1W�ent date after the Cl�nge Date until the�awuat of my moodily = PaYment chanScs agai��. (�j Notice ot Ch�ages 'i7�e Note Holde�will deliver or mail to me a notioe of any ct�ges in my interest rate wd the amouat of my IIwot}dY payment befon the effeaive date of.ny�fiaage.The cwtice will u�clude infomntion roquirod by law to be given me �ad �1so the tide and tele�phone number of a pe�son who wiU a�swer u�y q�ustion I may 6�ve regarding the aotice. , MIJIJISTATE AOJUSTABLE RATE RIOfR-AMI 5-2-Sinplt F+mAY-Far�MrlFrad�Mac lhii(otm YW�w�qt — Fam 3111 3�85 �-$,Z�A W]OSI YMP YOiITGAf'i iO1M15•i�001521•?t!1 � M1iMM�w�KM��M�M � � a _ _ _