96109925 - Laserfiche WebLink

Browse

, 7� ?:{- . . . ,.. ..-� . .,�;;T�'' �.. . ' . �' , e �i'� � .. .J .t,"�,`h Y_ - . . . , � , . . . _—__ —. ywsn..... ;a... . _ �-rGt,...,:y�,,�y �.ri� - .. .. , _ _ -. - �._ ..-'_ .. �,�,.. ,- .� .. ._ . ,4" ' 1 ' � � � f,s ,��; ��;�'i. . . ,.'S -�d�-. . ., _ . . _ .--.-..i1A'' iYN--]M;.o....x..rro.... + . . ,^�. . .. .. .wA_✓L•�ShYkSM1A"4+71i11lry�1� _ _ ,-- . .. __ � . -_ "_ _. .�_ ._.. .__. ., ,��.__ ^3'_.. .. . .� '-- . • • ' �__ n— �K ` ��J�'��,F �A'T� �iI�ER �� � 20�2713G5 — � � (1 Ycar'freasury Index-Ratc Csps) �� a9�2� � �iti!_ � "A HIS AD7USTAIILF ftATL'RIDER is mldc ihis 13TH duy of OECEMHER �►;�_- 1998 , 3nd is incorporutcd into und shall bc decmal to nmend nnd supplement thc Mortgago.Deai af � T�ust or 3ecurity Deed(the"Security Instrument")of the sume date given by tho undGrsigaed(the"Barrower")to secure the Borrower's Adjustable Rate Note(the"Note")to The Equit�bl� Bu ilding tnC loen Associetien of �rand Islend, N�bresk�, A Feder�l6eving� B�nk (the"I.ender")of the same datc and covering the property described in the Security Instrumcnt und located ar. 2020 RIVERSIDE DR aRANO ISLAND�mN�EBRASKA 88�01-7426 �` THE wOTE COMTAINS PROVISIONS ALL01N1��0 FOR CHA11�8ES IN THE INTER�ST RATE �lND THE MONTHLY PAYMENT. TFIE NOTE LIMITS THE AMOUNT THE _ BORROV6tER'S INTEREST RATE CAN CHAN(3E AT ANY ONE TIME AND TiHE _ MAXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL COVENANT5.In addition ro the cavenanis und agrcements made in the Security Instcumeat. � Borrower and Lender further covenent and u�ree as follows: • " p.INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for un initial interest rate of 7.37 5 %.'It�e Note provides for chenges in the interest rate und the monthly payments.as follows: 4.INTEREST YtATE AND MONTHLY PAYMENT CHANGE� (A)Change ll4t� 'Y'he intcrest rate I will pay may chunge on ehe first day of JANUARY 2002 ,andon Wat day every 12tQi month thereafter.Each date on which my interest rnte could change is�called a"Change Date." (B)Tl�e Index �ieginning v+vith the first Chan�e Date, my ir.terest rate will be based on an Index.The"Indea"is the wakly average yield on United Stntes Treasury securities adjustod to a constant maturiry of 1 year,as made avallable by the Federal Rescrve Board.The most recent Index figure uvailable as of the date 45 duys befon each Chsnge Date is called the"Current Index." If the Index is no longer available.the Note Holder will choose n new index which is based upon comparable information.The Note Holder will give me notice of this choice. (G�Colcult�tlon of Chnuges �re each Change Dute.the Note Holder will calcvlate my new interest rate by adding perccntuge point(s)( 2�� 96)to the Current Index. The Note Holder wilf then round the result of this addition to the neanst one-eighth of on$ peccenta8� point(0.125�'o).Subject to the li�mits stated in Section 4(D)below,this rounded aniount will be my new interest nte until the next Change Date. The Note Holder will then determine the umount of the monthly payment that would be sufflciens to cepay the unpaid principa!that I am expected to owe ut the Change Date in fuq on the Maturity Ltate at my ne�v interest rate in substanti�lly cqual payments.The result of this calculation will be thc new amou�e3 of my monthly payment. (D)Limits on Interest Rate Changes 9.375 � Tlie intcrest rnte I um required to pay at thc f►cst Chnnge Date will not be�reatcr than or less than 5.37 5 %.Thereatter,my interest ratc will never be incrcased or decreased on uny single Ci�ange Date by morc thun avo rcentage points(2.0�0)from the rate of interes�t I have becn payinB far thc preceding twclve month�.My interest rate will nev�r be greater than 12-37 5 ' • `Ro• My interest rate wi11 never be lower than 5.375%. r,•` (E)E�[ect.ive Date of Changes ' ` My new interest rate will become effective on each Change Date. I will pay the amount o�,my�ne�v monthly payment begimiin� on the first monthly payment date �fter the Chan�e Date un�ii thc amount''of my rr:vnthly payment changcs again. -- (Fj Notfce otChanges _e.. ,.M.,....��n mv��r�msr �ate and tha amount of my - '�iC NOLC HOlaei witi deiiver or maii iv�iic n iwi:..i:�.a+•j�••Wp�•-- ---� -�--- ' monthly payme7t before the effective date of any chan�e. Ttie noticc�vill include infonnation required by law to —= be given me :►nd also th: title and tclephone number of a person who will answcr uny question I may have -= regarding the noticc. —� ��i '�y MULTISTATE ADJUSTABLE RATE RIDEH•ARM 6•2-Singin FamVly•Fannls MaUFreddi�Meo Unttorm Instrumint � r�.� Fonn 317 7 3186 _ �-8$YA 193V6� VMP MORTOA6E i0AM5•18001G21•7291 � PrintM or�HKYtled Pptr �� aA •