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201107731
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201107731
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Last modified
3/7/2012 11:06:41 AM
Creation date
10/17/2011 3:07:43 PM
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DEEDS
Inst Number
201107731
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� � 201107731 <br /> fulL <br /> The value of the Index will be determined, using the most recent Index figure available thirty (30) <br /> days before the Change Date ("Current Index"). Before each Change Date, the new interest rate will <br /> be calculated by adding a margin to the Current Index. The sum of the margin plus the Current <br /> Index will be called the ("Calculated Interest Rate") for each Change Date. The Calculated Interest <br /> Rate will be compared to the interest rate in effect immediately prior to the current Change Date <br /> ("the Existing Interest Rate"). <br /> [] Annually Adjusting Variable Rate Feature The Calculated Interest Rate cannot be more than <br /> 2.0% higher or lower than the Existing Interest Rate, nor can it be more than 5.0% higher or lower <br /> than the Initial Interest Rate. <br /> [X] Monthly Adjusting Variable Rate Feature The Calculated Interest Rate will never increase <br /> above TWELVE AND 489/1000 Percent (12.489 %) <br /> The Calculated Interest Rate will be adjusted if necessary to comply with these rate limitation(s) and <br /> will be in effect until the next Change Date. At any Change Date, if the Calculated Interest Rate <br /> equals the Existing Interest Rate, the interest rate will not change. <br /> 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br /> request Trustee to re-convey the Property and shall surrender this Security Instrument and all notes <br /> evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property <br /> without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br /> recordation costs. Lender may charge such person or persons a fee for reconveying the Property, <br /> but only if the fee is paid to a third party (such as the Trustee) for services rendered and the <br /> charging of the fee is permitted under Applicable Law. <br /> 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br /> successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in <br /> which this Security Instrument is recorded. Without conveyance of the Property, the successor <br /> trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by <br /> Applicable Law. <br /> 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br /> Borrower's address which is the Property Address. <br /> 26. Riders to this Security Instrument. If one or more riders are ezecuted by Borrower and recorded <br /> together with this Security Instrument, the covenants of each such rider shall be incorporated into <br /> and shall amend and supplement the covenants and agreements of this Security Instrument as if <br /> the rider(s)were a part of this Security Instrument. [Check applicable box(es).] <br /> � � Condominium Rider � � Planned Unit �evelopment Rider <br /> � � Shared Appreciation Rider � � Other[Specify] <br /> � <br /> III I I I I IllillG E II3IIIII III <br /> Finale Oocumen[Services� 0279(07/07) (9 of 10) Nebmska Second Oeed of Tmst-HECM A�JUSTABLE RATE <br />
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