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201109223
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201109223
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Last modified
3/7/2012 11:16:11 AM
Creation date
12/8/2011 12:28:07 PM
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DEEDS
Inst Number
201109223
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201109223 <br /> Change Date ("Current Index"). Before each Change Date, the new interest rate will be calculated by adding a <br /> margin to the Current Inder. The sum of Yhe margin plus the Curi°ent (ildex, subject to the i-ate limitations be(ow, <br /> will be called the "CalculaCed Interest Rate° fior each Change Date. The Calculated Interest Rate will be compared <br /> to the interest rate in effect immediately prior to the current Change Date(the"Existing Interest Rate"). <br /> _ Annually Adjusting Variable Rate Feature-The Calculated Interest Rate will never increase or <br /> decrease by more than two percentage point�s(2.0%)on any single Change Date. "I'he interest ratE <br /> � will never be moi•e than five percentage points(5.0%)higher or lower than the Initial Interest Rate � <br /> stated in Paeagraph 2 of the Note. <br /> X Monthly Adjusting Variable Rate Feature - The Calculated Interest Rate will never increase <br /> above 13.009%. <br /> The Calculated Interest Rate will be adjusted i1'necessary to comply with the rate limitation(s) described above and <br /> will be in effect until the next Change Date. At any Change Date,if the Calculated Interest Rate equals the Eristing <br /> Inte�•est Rate,the interest rate will not change. <br /> 23. Reconveyance. Upon payment of all sums secured by this Security lnstrument, Lendec shall request Trustee to <br /> reconvey the Property and shall sun•ender this Security Instrument and all notes evidencing debt secured by this <br /> Security Instrument to Trustee. Trustee shall recom�ey the Property without �varranty to the person or persons <br /> legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or <br /> persons a fee for reconveying the Property, but only if the fee is paid fo a third party (such as the 7-rustee) fior <br /> services rendered and the charging of the f'ee is permitted under applicable law. <br /> 24. Substitute Trustee. Lender, at its option, may from time to time remove "frustee and appoint a. successor <br /> trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security <br /> Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, <br /> power and duties coniereed upon Trustee herein and by appiicable(aw. <br /> 25. I�equest for Notices. Borrower requests that copies of the notice of def'ault and sale be sent to Borrower's <br /> address which is the Property Address. <br /> 26. Obligatory Loan Advances. Lender's responsibility to make Loan Advances under the terms oP the Loan <br /> Agreement, including Loan Advances of principal to Borrower as well as Loan Advances for interest, MIP, <br /> Servicing Fees,and other charges shall be obligatory. <br /> 27. Riders to this Security Instrument. If'one or more riders are executed by Borrower and recorded together <br /> with this Security lnstrument, the covenants of each such rider shall be ii�corporated into and shall amend and <br /> supplement the covenants and agreeir�ents of this Security Inst�•ument as if the rider(s) were a part of this Security <br /> Instrun�ent. /CJaeck all riders that are npptic�cbleJ � � <br /> Condominium Rider PUD Rider <br /> Shared A reciation Rider Other <br /> Nebr•askcr 1"See�n•iry Insh�zmrent Cc?Bay Docs,lne.06/l0 <br /> Page 8 . <br />, <br />
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