Claim - suit: Citimortgage
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20050
IN THE IOWA DISTRICT COURT FOR DUBUQUE COUNTY
CITIMORTGAGE, INC.
13-2999081 :
EQUITY NO. D/3/1tOf'V69'57/l
ORIGINAL NOTICE
Plaintiff, :
vs.
KARA A. RAU AKA KARA A.
STEGER;
BENJAMIN Z. RAU;
CITY OF DUBUQUE, IOWA,
THROUGH ITS HOUSING &
COMMUNITY DEVELOPMENT
DEPARTMENT;
Defendants. :
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TO THE ABOVE NAMED DEFENDANTS:
You are notified there is a petition now on file in the
office of the clerk of the above court. A copy of this filing
is attached hereto. The Plaintiff's attorneys are Petosa,
Petosa & Boecker, L.L.P., by Benjamin W. Hopkins, whose address
is 1350 NW 138th Street, Suite 100, Clive, Iowa 50325-8308. The
Plaintiff's attorney's phone number is (515) 222-9400, with a
facsimile transmission number of (515) 222-9121.
You must serve a motion or answer, within 20 days after
service of this original notice upon you and within a reasonable
time thereafter file a motion or answer, in the Iowa District
Court of Dubuque County, at the county courthouse in Dubuque,
Iowa. If you do not, judgment by default may be rendered
against you for the relief demanded in the petition.
If you require the assistance of auxiliary aids or services
to participate in court because of a disability, immediately
call your district ADA coordinator at (563) 589-4448. (If you
are hearing impaired, Call Relay Iowa TTY at 1-800-735-2942).
D
Clerk of the Above Court
Dubuque County Courthouse
Dubuque, Iowa 52004-1220
YOU ARE ADVISED TO SEEK LEGAL ADVICE AT ONCE TO PROTECT YOUR INTERESTS.
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IN THE IOWA DISTRICT COURT FOR DUBUQUE COUNTY
CITIMORTGAGE, INC.
13-2999081:
EQUITY NO.
PETITION
Plaintiff, :
vs.
KARA A. RAU AKA KARA A.
STEGER;
BENJAMIN Z. RAU;
CITY OF DUBUQUE, IOWA,
THROUGH ITS HOUSING &
COMMUNITY DEVELOPMENT
DEPARTMENT;
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Defendants. :
NOTICE
THE PLAINTIFF HAS ELECTED FORECLOSURE WITHOUT REDEMPTION. THIS
MEANS THAT THE SALE OF THE MORTGAGED PROPERTY WILL OCCUR
PROMPTLY AFTER ENTRY OF JUDGMENT UNLESS YOU FILE WITH THE COURT
A WRITTEN DEMAND TO DELAY THE SALE. IF YOU FILE A WRITTEN
DEMAND, THE SALE WILL BE DELAYED UNTIL SIX MONTHS FROM ENTRY OF
JUDGMENT IF THE MORTGAGED PROPERTY IS YOUR RESIDENCE AND IS A
ONE-FAMILY OR TWO-FAMILY DWELLING OR UNTIL TWO MONTHS FROM
ENTRY OF JUDGMENT IF THE MORTGAGED PROPERTY IS NOT YOUR
RESIDENCE OR IS RESIDENCE BUT NOT A ONE-FAMILY OR TWO-FAMILY
DWELLING. YOU WILL HAVE NO RIGHT OF REDEMPTION AFTER THE SALE.
THE PURCHASER AT THE SALE WILL BE ENTITLED TO IMMEDIATE
POSSESSION OF THE MORTGAGED PROPERTY. YOU MAY PURCHASE AT THE
SALE.
1
Plaintiff, CitiMortgage, Inc., for its cause of action
states:
1. That the Plaintiff is a corporation doing business in
the United States of America.
2. That on or about January 22, 2003, Kara A. Rau and
Benjamin Z. Rau (the "Mortgagor(s)") made, executed and
delivered to Mortgage Electronic Registration Systems, Inc., a
promissory note in writing for the sum of $82,347.00 payable in
installments, with interest at 4.5% per annum from such date
(the "Note"). A copy of the Note is attached hereto and made a
part hereof as Exhibit "A".
Said Note provides for periodic changes in the
interest rate and the current interest rate is 5%.
3. That on or about January 22, 2003 in order to secure
the payment of the Note, the Mortgagor(s) made, executed and
delivered to Mortgage Electronic Registration Systems, Inc., a
real estate mortgage (the "Mortgage") on the following
described real estate (the "Mortgaged Property") :
Lot 2 of Lot 2 of Bush's Subdivision of the East Part
of Mineral Lot 63 including Lot 68 of Union Addition
in the City of Dubuque, Iowa, according Plat thereof.
the Mortgage was filed for record May 22, 2003, in 13000-03 in
the Recorder's Office of Dubuque County, Iowa. A copy of the
Mortgage is attached hereto and made a part hereof as Exhibit
"B". Said mortgage is a Purchase Money Mortgage.
2
4. That the Mortgaged Property is and at all times
relevant hereto was the homestead of the Mortgagor(s).
5. That the Plaintiff is currently the holder of record
of the Note and Mortgage.
6. That the Plaintiff is the sole and absolute owner of
the Mortgage; that the Note and Mortgage provide that if
default be made at any time in payment of any installment of
principal or interest, at the election of the Plaintiff, all
indebtedness, without notice of such election, shall become
immediately due and payable; that the Plaintiff by reason of
the failure of the Mortgagor(s) to pay said installments,
declares the Note in default, that there is now due and owing
the Plaintiff the sum of $78,587.76 with interest at 5% per
annum from and including October 1, 2005.
7. That the Plaintiff has given the Mortgagor(s) notice
of the right to cure said default and to date has received no
response thereto.
8. That the time to cure the default under Iowa law has
now expired.
9. That said Note and Mortgage provide that if suit be
commenced thereon, Mortgagor(s) will pay reasonable attorneys'
fees. An attorneys' fee affidavit is attached hereto and made
a part hereof as Exhibit "Cu.
10. That the Plaintiff now hereby in writing waives any
right or claim to a deficiency judgment against the
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Mortgagor(s). That the Mortgaged Property is the residence of
the Mortgagor(s) and is a one-family or two-family dwelling.
The Plaintiff hereby elects to foreclose without redemption and
the sale of the Mortgaged Property shall occur promptly after
entry of judgment, unless the Mortgagor(s), pursuant to the
Notice set forth above, files a written demand to delay the
sale, in which event the sale shall be delayed until six months
after entry of judgment.
11. That the following parties are named as Defendant(s)
because they claim some right, title or interest in the
Mortgaged Property, including, without limitation a right,
title or interest as described below but any such right, title
or interest is junior and inferior to the interest of
Plaintiff:
. City of Dubuque, Iowa, through its Housing &
Community Development Department, $19,200.00
Mortgage, dated January 3, 2003, filed February 19,
2003, 4118-2003
. City of Dubuque, Iowa, through its Housing &
Community Development Department, $2,800.00
Mortgage, dated September 2, 2003, filed September
12, 2003, 25272-2003
. Benjamin Z. Rau, Spouse, for any interest in the
subject property.
12. That the Mortgage provides that any time after the
proper commencement of an action in foreclosure or during the
period of redemption, the Court having jurisdiction of the case
shall, at the request of the Plaintiff, appoint a receiver to
4
take immediate possession of the Mortgaged Property and of the
rents and profits accruing therefrom, to rent the same as he
may deem best for the interest of all parties concerned and
shall be liable to account to the Mortgagor(s) only for the net
profits after application of rents, issues and profits upon the
cost of the expense of receivership and foreclosure and the
indebtedness, charges and expenses hereby secured and herein
mentioned.
WHEREFORE THE PLAINTIFF PRAYS THE COURT:
1. That the Plaintiff have judgment in rem against the
Mortgaged Property for the amount of unpaid principal and
interest on the Note, as provided in the Note and Mortgage and
for attorneys' fees, abstract expense and costs.
2. That a receiver be appointed immediately to take care
of, manage, lease and collect the rents from the Mortgaged
Property, and to apply the same in payment of costs and
expenses of said receivership, repairs and expenses of said
real estate, accrued and accruing taxes and special
assessments, insurance premiums, and in partial payment of the
judgment to be entered herein.
3. That said judgment, together with interest, attorneys'
fees, abstract expense, costs and accruing costs be decreed a
prior lien upon the Mortgaged Property from the date of the
Mortgage, and that all rights, interests and equities of all
5
Defendants to this suit be declared junior to the right, title
and interest of the Plaintiff.
4. That in the event Plaintiff is required to advance
further sums for taxes or insurance premiums on the Mortgaged
Property, the Plaintiff should be given an additional lien
thereon for such amounts so advanced.
5. That the Mortgage be foreclosed and the Defendant(s)'
equity of redemption be barred and foreclosed save as
guaranteed by law. That special execution issue for the sale
the Mortgaged Property to satisfy said judgment, interest,
attorney fees and costs.
6. That special execution issue to satisfy said judgment,
interest and attorneys' fees, and accruing costs herein, and
the Mortgaged Property be sold according to law to satisfy the
amount due under the Decree issued by this Court and the
Defendants herein or anyone claiming by, through or under them,
be forever barred and foreclosed of any interest in the
Mortgaged Property, except such rights of redemption as
provided by law.
7. That if the Mortgaged Property is sold and not
redeemed, the Clerk of this Court shall issue to the Sheriff of
said County, a writ of removal and possession, commanding him
to put the grantee named in the Sheriff's deed for said
premises sold, or his grantee, in possession thereof, and to
remove any Defendants, or persons claiming by, through or under
6
any of them, or any person in possession thereof out of such
possession.
8. That the Plaintiff has elected foreclosure without
redemption and the sale of the Mortgaged Property shall occur
promptly after entry of judgment or in the alternative, if a
written demand for delay is filed, the sale shall occur six
months after entry of judgment.
9. That the Plaintiff be granted such further relief as
may be just and equitable.
ATTORNEYS FOR PLAINTIFF
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ADJUSTABLE RATE NOTE
FHA Case No.
161-?nll117 _no
Iowa
January 22. 2003
[Dale]
MIN: 1000312-0530366596-8\ -
1160 OAK STREET.DUBUQUE,IA 52001
[Property Address]
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1. PARTIES
"Borrower" means each person signing at the end of this Note, and the person's successors and assigns. "Lender"
means MORTGAGE EXPRESS. INC.. A NEBRASKA CORPORATION
and its successors and assigns.
2. BORROWER'S PROMISE TO PAY; INTEREST
In return for a loan received from Lender, Borrower promises to pay the principal sum of Ei ghty Two
Thousand Three Hundred Forty Seven Dollars and no/l00
Dollars (U.S. $ 82.347. 00 ), plus interest, to the order of Lender. Interest will be charged on unpaid
principal, from the date of disbursement of the loan proceeds by Lender, at a rate of Four and One / Ha 1 f
percent ( 4.5000 %) per year until the full amount of principal has been paid.
The interest rate may change in accordance with Paragraph 5(C) of this Note.
3. PROMISE TO PAY SECURED
Borrower's promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated the
same date as this Note and called the "Security Instrument." That Security Instrument protects the Lender from losses
which might result if Borrower defaults under this Note.
4. MANNER OF PAYMENT
(A) Time
Borrower shall make a payment of principal and interest to Lender on the first day of each month beginning
on March 1. 2003 . Any principal and interest remaining on the first day of February . 2033
will be due on that date, which is called the "Maturity Date."
(B) Place
Payment shall be made at 3343 CENTER GROVE ROAD. DUBUQUE, IA 52003
or at such other place as Lender may designate in
writing by notice to Borrower.
(C) Amount
Initially, each monthly payment of principal and interest will be in the amount of U.S. $ 417.24
This amount will be part of a larger monthly payment required by the Security Instrument that shall be applied to
principal, interest and other items in the order described in the Security Instrument. This amount may change in
accordance with Paragraph 5(E) of this Note.
5. INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Date
The interest rate may change on the first day ofApri 1, 2004 , and on that day of each
succeeding year. "Change Date" means each date on which the interest rate could change.
(B) The Index
Beginning with the first Change Date, the interest rate will be based on an Index. "Index" means the weekly
average yield on United States Treasury Securities adjusted to a constant maturity oIone year, as made available by the
FHA Iowa Adjustable Rate Note - 10/95
EXHIBIT
ElF-590(IA) (9602).01
I
0)327-0545
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Federal Reserve Board. "Current Index" means the most recent Index figure available 30 days before the Change Date.
If the Index (as defined above) is no longer available, Lender will use as a new Index any index prescribed by the
Secretary (as defined in Paragraph 7(B)). Lender will give Borrower notice of the new Index.
(C) Calculation of Interest Rate Changes
Before each Change Date, Lender will calculate a new interest rate by adding a margin ofT wo and Th ree
/ Quarters percentage point(s) ( 2.7500 %) to the Current Index and
rounding the sum to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated in Paragraph
5(0) of this Note, this rounded amount will be the new interest rate until the next Change Date.
(D) Limits on Interest Rate Changes
The existing interest rate will never increase or decrease by more than one percentage point (1.0%) on any
single Change Dale. The interest rate will never be more than five percentage points (5.0%) higher or lower than the
initial interest rate stated in Paragraph 2 of this Note.
(E) Calculation of Payment Change
If the interest rate changes on a Change Date, Lender will calculate the amount of monthly payment of
principal and interest which would be necessary to repay the unpaid principal balance in full at the Maturity Date at the
new interest rate through substantially equal payments. In making such calculation, Lender will use the unpaid principal
balance which would be owed on the Change Date if there had been no default in payment on the Note, reduced by the
amount of any prepayments to principal. The result of this calculation will be the amount of the new monthiy payment of
principal and interest.
(F) Notice of Changes
Lender will give notice to Borrower of any change in the interest rate and monthly payment amount. The
notice must be given at least 25 days before the new monthly payment amount is due, and must set forth (I) the date of
the notice, (ii) the Change Date, (iii) the old interest rate, (iv) the new interest rate, (v) the new monthly payment amount,
(vi) the Current Index and the date it was published, (vii) the method of calculating the change in monthly payment
amount, and (viii) any other information which may be required by law from time to time.
(G) Effective Date of Changes
A new interest rate calculated in accordance with Paragraphs 5(C) and 5(0) of this Note will become effective
on the Change Date. Borrower shall make a payment in the new monthly amount beginning on the first payment date
which occurs at least 25 days after Lender has given Borrower the notice of changes required by Paragraph 5(F) of this
Note. Borrower shall have no obligation to pay any increase in the monthly payment amount calculated in accordance
with Paragraph 5(E) of this Note for any payment date occurring iess than 25 days after Lender has given the required
notice. If the monthly payment amount calculated in accordance with Paragraph 5(E) of this Note decreased, but
Lender failed to give timely notice of the decrease and Borrower made any monthly payment amounts exceeding the
payment amount which should have been stated in a timely notice, then Borrower has the option to either (i) demand
the return to Borrower of any excess payment, with interest thereon at the Note rate (a rate equal to the interest rate
which should have been stated in a timely notice), or (ii) request that any excess payment, with interest thereon at the
Note rate, be applied as payment of principal. Lender's obligation to return any excess payment with interest on
demand is not assignable even if this Note is otherwise assigned before the demand for return is made.
6. BORROWER'S RIGHT TO PREPAY
Borrower has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty, on
the first day of any month. Lender shall accept prepayment on other days provided that Borrower pays interest on the
amount prepaid for the remainder of the month to the extent required by Lender and permitted by regulations of the
Secretary. If Borrower makes a partial prepayment, there will be no changes in the due date or in the amount of the
monthly payment unless Lender agrees in writing to those changes.
7. BORROWER'S FAILURE TO PAY
(A) Late Charge for Overdue Payments
If Lender has not received the full monthly payment required by the Security Instrument, as described in
Paragraph 4(C) of this Note, by the end of fifteen calendar days after the payment is due, Lender may collect a late
charge in the amount of Four percent ( 4.0000 %)
of the overdue amount of each payment.
(B) Default
If Borrower defaults by failing to pay in full any monthly payment, then Lender may, except as limited by
regulations of the Secretary in the case of payment defaults, require immediate payment in full of the principal balance
remaining due and all accrued interest. Lender may choose not to exercise this option without waiving its rights in the
event of any subsequent default. This Note does not authorize acceleration when not permitted by HUD regulations. As
used in this Note, "Secretary" means the Secretary of Housing and Urban Development or his or her designee.
FHA Case No. 161-2011117 -729
ELF-590(IAt (9602)01
Page2013
Initials.
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(Cl Payment of Costs and Expenses
If Lender has required immediate payment in full, as described above, Lender may require Borrower to pay
costs and expenses including reasonable and customary attorneys' fees for enforcing this Note to the extent not
prohibited by applicable law. Such fees and costs shall bear interest from the date of disbursement at the..same rate as
the principal of this Note.
8. WAIVERS
Borrower and any other person who has obligations under this Note waive the rights of presentment and notice of
dishonor. "Presentment" means the right to require Lender to demand payment of amounts due. "Notice of dishonor"
means the right to require Lender to give notice to other persons that amounts due have not been paid.
9. GIVING OF NOTICES
Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will
be given by delivering it or by mailing it by first class mail to Borrower at the property address above or at a different
address if Borrower has given Lender a notice of Borrower's different address.
Any notice that must be given to Lender under this Note will be given by first class mail to Lender at the address
stated in Paragraph 4(B) or at a different address if Borrower is given a notice of that different address.
10. OBLIGATIONS OF PERSONS UNDER THIS NOTE
If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises
made in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser
of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations
of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. Lender
may enforce its rights under this Note against each person individually or against all signatories together. Anyone
person signing this Note may be required to pay all of the amounts owed under this Note.
IMPORTANT: READ BEFORE SIGNING. THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY
BECAUSE ONLY THOSE TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT
CONTAINED IN THIS WRITTEN AGREEMENT MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF
THIS AGREEMENT ONLY BY ANOTHER WRITTEN AGREEMENT.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Note.
(Seal)
-Borrower
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KARA A. RAU
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(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
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(Seal)
-Borrower
(Seal)
-Borrower
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(Seal)
-Borrower
(Seal)
-Borrower
PAY TO THE ORDER OF 5GB CORPORATION DBA WE5TAMERICA MORTGAGE COMPANY, A COLORADO CORPORATION,
P"P""by WITHOUTRE. GE"E~~~ESHNC.. ,\ANEBRA~ORPORATION
WestAmeric:aMortgageCompany ... a 'V'_' ~0 ~,../y-,c.../
1 S. 660 Midwest Road
Oakbrook Terraee, II. 60161
For;'sGB Corporation dba WestAmerlca Mortgage Company, a Colorado Corporation
Atlorney-in-factfor: MORTGAGE EXPRESS, INC.. A NEBRASKA CORPORATION
FHA Case No. 161- 2011117 - 729
ELF-590(IA) (9602),01
Page3013
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Prepared by:
WestAmerica Mortgage Company
1 S. 660 Midwest Road
Oakbrook Terrace. 11. 60181
Attn: Joyce Grudzien n~ ~
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COUHf '( HECorWEH
DUBUQUE CO.. IOWA fEES "
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{Space Above This Line For R<<ording Data]
FHA Case No.
State of Iowa
AP# 366596 #53
MORTGAGE
161-2011117-729
MIN 1000312-0530366596-8
THIS MORTGAGE ("Security Instrument") is given on
The Mortgagor is KARA A. RAU. MARRIED TO BENJAMIN Z. RAU
January 22. 2003
("Borrower"). This Security Instrument is given to Mortgage Electronic Registration Systems, Inc. ("MERS"),
(solely as nominee for Lender, as hereinafter defined, and Lender's successors and assigns), as mortgagee. MERS is
organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026,
Flint, MI 48501-2026, tel. (888) 679-MERS. MORTGAGE EXPRESS. I NC.. A NEBRASKA
CORPORATION
("Lender") is organized and existing under the laws of THE STATE OF NEBRASKA ,and
has an address of 3343 CENTER GROVE ROAD. DUBUQUE. IA 52003
. Borrower owes Lender the principal sum of
Eighty Two Thousand Three Hundred Forty Seven and no/l00
Dollars (U.S. $ 82.347.00 ).
This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which
provides for monthly payments, with the full debt, if not paid earlier, due and payable on F ebrua ry 1. 2033,
. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest,
advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's
FHA Iowa Mortgage with I\1ERS ~ 4/96
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EXHIBIT
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AP# 366596 #53
covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby
mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the
successors and assigns of MERS the following described property located in
DUBUQUE County, Iowa:
LOT 2 OF LOT 2 OF BUSH'S SUBDIVISION OF THE EAST PART OF MINERAL LOT 63
INCLUDING LOT 68 OF UNION ADDITION IN THE CITY OF DUBUQUE, IOWA. ACCORDING PLAT
THEREOF. P.I.N.# 10-25-377-002.
which has the address of 1160 OAK STREET
DUBUQUE
[Ciry], Iowa
52001
[Street]
[Zip Code] ("Property Address");
TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the" Property."
Borrower understands and agrees thatMERS holds only legal title to the interests granted by Borrower in this
Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's
successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right
to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or
canceling this Security Instrument.
BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
encumbrances of record.
THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
Borrower and Lender covenant and agree as follows:
UNIFORM COVENANTS.
L Payment of Principal, Interest and Late Charge, Borrower shall pay when due the principal of, and
interest on, the debt evidenced by the Note and late charges due under the Note.
2. Monthly Payment of Taxes, Insurance and Other Charges, Borrower shall include in each monthly
payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in
which such premium would have been required if Lender still held the Security Instrument, each monthly payment
shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the
maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures
Act of 1974, 12 U.S.c. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be
amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated
disbursements or disbursements before the Borrower's payments are available in the. account may not be based on
amounts due for the mortgage insurance premium. ,./ '., ".'J -:;.~ {/
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~-4N(lA) (0102) Page 2 of 8 I / :.'. ,I
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AP# 366596 #53
If the amounts held by Lender for Escrow Items exceed the amounts pennitted to be held by RESPA, Lender
shall account to Borrower for the excess funds as required by RESPA. If the amounts of funds held by Lender at any
time are not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to
make up the shortage as pennitted by RESPA.
The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If
Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance
remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has
not become obligated to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower.
Immediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be
credited with any balance remaining for all installments for items (a), (b), and (c).
3. Application of Payments, All payments under paragraphs I and 2 shall be applied by Lender as follows:
First, to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the
Secretary instead of the monthly mortgage insurance premium;
Second, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood and other hazard
insurance premiums, as required;
Third, to interest due under the Note;
Fourth, to amortization of the principal of the Note; and
Fifth, to late charges due under the Note.
4, Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, whether
now in existence or subsequently erected, against any hazards, casualties, and contingencies. including fire, for which
Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender
requires. Borrower shall also insure all improvements on the Property, whether now in existence or subsequently
erected, against loss by floods to the extent required by the Secretary. All insurance shall be carried with companies
approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable
clauses in favor of, and in a form acceptable to, Lender.
In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not
made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment
for such loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance
proceeds may be applied by Lender, at its option, either (a) to the reduction of the indebtedness under the Note and
this Security Instrument, first to any delinquent amounts applied in the order in paragraph 3, and then to prepayment
of principal, or (b) to the restoration or repair of the damaged Property. Any application of the proceeds to the
principal shall not extend or postpone the due date of the monthly payments which are referred to in paragraph 2, or
change the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding
indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto.
In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes
the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the
purchaser.
5, Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application;
Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty
days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property)
and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of
occupancy, unless Lender detennines that requirement will cause undue hardship for Borrower, or unless extenuating
circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating
circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or allow the
Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant
or abandoned or the loan is in default. Lender may take reasonable action to protect and preserve such vacant or
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AP# 366596 #53
abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave
materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material
information) in connection with the loan evidenced by the Note, including, but not limited to, representations
concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the
leasehold and fee title shall not be merged unless Lender agrees to the merger in writing.
6, Condemnation, The proceeds of any award or claim for damages, direct or consequential, in connection with
any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are
hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid
under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness
under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in
paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or
postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amount of such
payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this
Security Instrument shall be paid to the entity legally entitled thereto.
7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all
governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay
these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect
Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts
evidencing these payments.
If Borrower fails to make these payments or the payments required by paragraph 2, or fails to perform any other
covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly
affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or
regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's
rights in the Property, including payment of taxes, hazard insurance and other items mentioned in paragraph 2.
Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be
secured by this Security Instrument. These amounts shall bear interest from the date of disbursement, at the Note
rate, and at the option of Lender, shall be immediately due and payable.
Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:
(a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detennines that any part
of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth
above within 10 days of the giving of notice.
S, Fees, Lender may collect fees and charges authorized by the Secretary.
9, Grounds for Acceleration of Debt.
(a) Default, Lender may, except as limited by regulations issued by the Secretary, in the case of payment
defaults, require immediate payment in full of all sums secured by this Security Instrument if:
(i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument
prior to or on the due date of the next monthly payment, or
(ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained
in this Security Instrument.
(b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d)
of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.c. I70Ij-3(d)) and with the prior
approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument
if:
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Page 4 of 8
AP# 366596 #53
(i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold
or otherwise transferred (oilier than by devise or descent), and
(ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the
purchaser or grantee does so occupy the Property but his or her credit has not been approved in
accordance with the requirements of the Secretary.
(c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but
Lender does not require such payments, Lender does not waive its rights with respect to subsequent events.
(d) Regulations of HUn Secretary, In many circumstances regulations issued by the Secretary will limit
Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not
paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations
of the Secretary.
(e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined
to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender
may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A
written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof,
declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such
ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the
unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the
Secretary .
10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full
because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies
even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a
lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of
Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses
properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and
the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full.
However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the
commencement of foreclosure proceedings within two years immediately preceding the commencement of a current
foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii)
reinstatement will adversely affect the priority of the lien created by this Security Instrument.
II. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or
modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in
interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend
time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any
demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising
any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy.
12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agreements
of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the
provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who
co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to
mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b)
is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any
other Borrower may agree to extepd, modify, forbear or make any accommodations with regard to the terms of this
Security Instrument or the Note without that Borrower's consent.
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AP# 366596 #53
13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or
by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to
the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be
given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower.
Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when
given as provided in this paragraph.
14, Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of
the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument
or the Note conflicts with applicable law. such conflict shall not affect other provisions of this Security Instrument or
the Note which can be given effect without the conflicting provision. To tbis end the provisions of this Security
Instrument and the Note are declared to be severable.
15. Borrower's Copy, Borrower shall be given one conformed copy of the Note and of this Security
Instrument.
16, Hazardous Substances. Borrower shall not cause or pennit the presence, use, disposal, storage, or release
of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything
affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to
the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally
recognized to be appropriate to normal residential uses and to maintenance of the Property.
Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action
by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental
or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is
necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law.
As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous
substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic
petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde,
and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the
jurisdiction where the Property is located that relate to health, safety or environmental protection.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues
of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs
each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to
Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and
receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of
rents constitutes an absolute assignment and not an assignment for additional security only.
If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as
trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be
entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents
due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant.
Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would
prevent Lender from exercising its rights under this paragraph 17.
Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice
of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach.
Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This
assignment of rents of the Property shall tenninate when the debt secured by the Security Instrument is paid in full.
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AP# 366596 #53
18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may
foreclose this Security Instrument by judicial proceeding. Lender shall be entitled to collect all expenses
incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable
attorneys' fees and costs of title evidence.
If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires
immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale
provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.c. 3751 et seq.) by requesting
a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as
provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise
available to a Lender under this Paragraph 18 or applicable law.
19. Release. Upon payment of all sums secured by this Security Instrument, Lender shall telease this Security
Instrument without charge to Borrower.
20. Waivers. Borrower relinquishes all right of dower and waives all right of homestead and distributive share
in and to the Property. Borrower waives any right of exemption as to the Property.
21. Redemption Period. If the Property is less than 10 acres in size and Lender waives in any foreclosure
proceeding any right to a deficiency judgment against Borrower, the period of redemption from judicial sale shall be
reduced to 6 months. If the court finds that the Property has been abandoned by Borrower and Lender waives any
right to a deficiency judgment against Borrower, the period of redemption from judicial sale shall be reduced to 60
days. The provisions of this paragraph 21 shall be construed to conform to the provisions of Sections 628.26 and
628.27 of the Code of Iowa.
22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together
with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and
supplement the covenants and agreements of this Security Instrument as if the rider{s) were a part of this Security
Instrument. [Check applicable box(es)].
D Condominium Rider
D Planned Unit Development Rider
D
D
Growing Equity Rider
Graduated Payment Rider
D Other [specify]
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AP# 366596 #53
BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security Instrument and in
any rider(s) executed by Borrower and recorded with it.
Witnesses:
;/ (L ( I ,,;.i
KARA A. RAU
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(Seal)
-Borrower
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BENJ IN Z. RAU HAS EXECUTED THIS-Borrower
MORTGAGE FOR THE SOLE PURPOSE OF
PERFECTING THE WAIVER OF HOMESTEAD RIGHTS
(Seal) (Seal)
-Borrower -Borrower
(Seal) (Seal)
.Borrower -Borrower
(Seal) (Seal)
-Borrower -Borrower
STATE OF JIDV-A, -j Il, ,\ (,1/
~~; hop I Ii r i 5 (,) " County 55:
January , 2003 , before me, a Notary Public in the
A. RAU. MARRIED TO BENJAMIN l. RAU
On this 22nd day of
State of Iowa, personally appeared KARA
to me personally known to be the person(s) named in and who executed the foregoing instrument, and acknowledged
that he/she executed the same as his/her voluntary act and deed.
My Commission Expires: I L / /,.7 jeu
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t: ,"cae" ANGELA
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~ "~) COMWSSION EXPmES 12/19/06
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Page 8 of 8
MIN:I000312-0530366596-B
FHA Case No.
161-2011117-729
ADJUSTABLE RATE RIDER
THIS ADJUSTABLE RATE RIDER is made this 22nd day of January . 2003 ,
and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust
or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to
secure Borrower's Note ("Note") to MORTGAGE EXPRESS. INC.. A NEBRASKA CORPORATION
(the "Lender") of the same date and covering the Property described in the Security Instrument and
located at:
1160 OAK STREET.DUBUQUE.IA 52001
[Property Address)
THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE
INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE
AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME
AND THE MAXIMUM RATE THE BORROWER MUST PAY.
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security
Instrument, Borrower and Lender further covenant and agree as follows:
INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Date
The interest rate may change on the first day of Apri 1 ,2004 , and on
that day of each succeeding year. "Change Date" means each date on which the interest rate could
change.
(B) The Index
Beginning with the first Change Date, the interest rate will be based on an Index. "Index" means
the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one
year, as made available by the Federal Reserve Board. "Current Index" means the most recent Index
figure available 30 days before the Change Date. If the Index (as defined above) is no longer
available, Lender will use as a new Index any index prescribed by the Secretary. As used in this Rider,
"Security means the Secretary of Housing and Urban Development or his or her designee." Lender
will give Borrower notice of the new Index.
Page 1 013
FHA Multistate ARM Rider ~ 10/95
ELF-591 (9601) MWOl196
ELECTRONIC lASER FOAMS, INC. - (BOO) 327-0545
Initials'
(C) Calculation of Interest Rate Changes
Before each Change Date, Lender will calculate a new interest rate by adding a margin of Two
and Three / Quarters percentage poinl(s) ( 2.7500 %) to
the Current Index and rounding the sum to the nearest one-eighth of one percentage point (0.125%).
Subject to the limits stated in paragraph (D) of this Rider, this rounded amount will be the new interest
rate until the nex1 Change Date.
(D) Limits on Interest Rate Changes
The existing interest rate will never increase or decrease by more than one percentage point
(1.0%) on any single Change Date. The interest rate will never be more than five percentage points
(5.0%) higher or lower than the initial interest rate, as stated in Paragraph 2 of the Note.
(E) Calculation of Payment Change
If the interest rate changes on a Change Date, Lender will calculate the amount of monthly
payment of principal and interest which would be necessary to repay the unpaid principal balance in
full at the Maturity Date at the new interest rate through substantially equal payments. In making such
calculation, Lender will use the unpaid principal balance which would be owed on the Change Date if
there had been no default in payment on the Note, reduced by the amount of any prepayments to
principal. The result of this calculation will be the amount of the new monthly payment of principal
and interest.
(F) Notice of Changes
Lender will give notice to Borrower of any change in the interest rate and monthly payment
amount. The notice must be given at least 25 days before the new monthly payment amount is due,
and must set forth (i) the date of the notice, (ii) the Change Date, (iii) the old interest rate, (iv) the new
interest rate, (v) the new monthly payment amount, (vi) the Current Index and the date it was
published, (vii) the method of calculating the change in monthly payment amount, and (viii) any other
information which may be required by law from time to time.
(G) Effective Date of Changes
A new interest rate calculated in accordance with paragraphs (C) and (D) of this Rider will
become effective on the Change Date. Borrower shall make a payment in the new monthly amount
beginning on the first payment date which occurs at least 25 days after Lender has given Borrower the
notice of changes required by paragraph (F) of this Rider. Borrower shall have no obligation to pay
any increase in the monthly payment amount calculated in accordance with paragraph (E) of this
Rider for any payment date occurring less than 25 days after Lender has given the required notice. If
the monthly payment amount calculated in accordance with paragraph (E) of this Rider decreased,
but Lender failed to give timely notice of the decrease and Borrower made any monthly payment
amounts exceeding the payment amount which should have been stated in a timely notice, then
Borrower has the option to either (i) demand the return to Borrower of any excess payment, with
interest thereon at the Note rate (a rate equal to the interest rate which should have been stated in a
timely notice), or (ii) request that any excess payment, with interest thereon at the Note rate, be
applied as payment of principal. Lender's obligation to return any excess payment with interest on
demand is not assignable even if the Note is otherwise assigned before the demand for return is
made.
ELF.591 (9601)
Page2of3
Initials.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Adjustable Rate Rider.
,.') -
(Seal) I (( ((. (
-Borrower KARA A. RAU
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(Seal)
-Borrower
(Seal)
.Borrower
(Seal)
BENJAMIN Z. RAU HAS EXECUTED TI!~btrower
MORTGAGE FOR THE SOLE PURPOSE OF
PERFECTING THE WAIVER OF HOMESTE~e~tGHTS
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
PREPARED BY: WESTAMERICA MORTGAGE COMPANY
1. S. 660 MIDWEST ROAD
OAKBROOK TERRACE, IL. 60181
ELF-591 (9601)
Page3013
AFFIDAVIT
STATE OF IOWA
SS
COUNTY OF POLK
I, Benjamin W. Hopkins, being first duly sworn on oath depose
and state that I am one of the attorneys for the Plaintiff in this
cause; that I am a regular practicing attorney engaged in this
case; that there has been no agreement, express or implied,
between myself and my client, or between myself and any other
person except attorneys associated with me in this case, for any
sharing or division of the attorney fees to be taxed herein.
I further depose and state that true copies of the note and
mortgage and any other documents declared upon in the foregoing
Petition are now.in my actual possession; that I have read the
above and foregoing Petition, know the contents thereof, have
personal knowledge of the facts therein stated, and that the
statements and allegations therein are t
22nd
Subscribed and sworn to before m
2006 .
, PATRICIA S. WOLF
t:i....f. CommiSSion ,Number 732803
. . My CommissIon expires
ow Z-y-D'?,
k. :G.., c. J {':... .-A
Notary Public in and
State of Iowa
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for th
Exhibit "C"