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<br /> " � � 1�.DJUSTABLE RAT� RIT�ER 2p027g93 ;_
<br /> � � .t _, (l Ycur'�reasury Index-Rate Ca��s) —
<br /> �
<br /> .. 21 ST �.PR I L. �
<br /> � WIS ADJUS'PABI.E RATE RIUBR is madc this ,�Y�� �
<br />, ',."`� 1 y�� ,and is incorporatai into and shall be dcemed to umend and supplcment the Mortgage,Deed of °
<br /> '.'��� 7'rust or,ecurity Qeed(the"Security Inshument")of the smne date given by the undersigned(du"Bocrower")to �-
<br /> cc c hc u 's Ad'uctabl Rat� u c t " t �
<br />-:�. ���`�pu�t�0�i�ui���n� �n� lc�n�saoei����nb��6r�S Se���d, Nebnsk�, A F�d�r�l S�vinqs ltek _
<br /> ' (the"Lender")of the same dnte and covering the property described in the Security Instrument and located at: =
<br /> ' � �`' A�12 N 5MENIDAN AVE ORAND ISLANO, NE�RASKA 88803-4139 -
<br /> ti
<br /> , . '�. �Property Addrcss� -
<br /> �, � c�' THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE fNTERFST _
<br /> ,, • 9� RATE ANa THE MOIdTHLY PAYMENT. THE fUOTE LIMITS THE AMOi1NT THE
<br /> �� �. �� BORROWER'S INTEREST RA1'E CAK CHAN(iE AT ANY ONE TIME AND THE
<br /> IVlAXIML�M RATE THE BORROWER MUST PAY.
<br /> .>` •� � ADDTTIONAI,COVENAIdTS. In addition ta tiie covenanu and agreements made in the Security Instrument,
<br /> Eonower and Lcnder funhcc covenant�►nd agree us follows: —
<br /> ,s �:
<br /> � • .rA:
<br /> �. A. INaERE5T RATE ANA MONTHI.Y PAY11i�NT CHANGES
<br /> � ,� �; r Thc Notc provides for an ia�itial interest xate of �'�2� "/a.The Note provides far chflnges in
<br /> Y.c,��. � the interest rute and thc monthly payments,as fallows:
<br /> r,�,_„•;;,,�`, .
<br /> ',sy,�t'::�;,, a• INTE1tES'1 RATE AND MO�ITHLY PAYMENT CHANGES
<br /> -., ,. '�."�; (A)Change Dates 20@2
<br /> :r`�,,�:' ` ��• 'fhe interest rnte I will pay may change on the first day of MAY . ,and on that
<br /> yayL�;s:��;,.,`:..� day eve•ry 12th month thereafter.Each date on which my interest rate could change is callod A"Chaetge Date."
<br /> - .`��,:�:`,
<br /> -:?���.1� (B)The lndex
<br /> „s_�,,��� Beginnittg with the first Change Date, my interc.st rate will be based on an Index. The"Iadex" is die wxkly
<br /> �.,,�K�r.= uverage yield on United States Treasury securities adjusted to a constant maturiry of 1 year,ns made avAil�ble by
<br /> ,;;;.�r,z� the FeclLral Reserve Board.The most recent Index t�gure available as of th�date 45 days before each Chnnge Date
<br />.=�i��•-��;���i iu called the"Current I��dex."
<br /> -�°";.,""`�'—'� If the Ind�x is no longer available,the Note Halder will cheose a new index which is based upon comparable
<br /> - = information.The Note Holder wil!give me rtot�cc af this choice.
<br /> ---�-_�
<br /> (C)�Aiculmtton af ChangPs
<br /> _-_ ----- Se�r+re each Change Date,the 1Vo�e Holder will calculate my ne�v inte�es�e by adding
<br /> ---- 7'11q �percentage point(s)( 9b)to the Current
<br />-�;�,�;;�„�,� Index. The Notc Haldcr will then round the rtsult of this addition to the netucst one-eighth of one percentage
<br /> _��� point(0.12590).Subjcxt to the limits stated in Section 4(D)below,this rounded a�nount will bc my new interest
<br />_ —_----- rate antil thc next Change Date.
<br /> ---:��:;;�� �'he Nute Halder a�ill then dEteTrnine the amaunt of the monthly payment that would ix s�tfficieat to cepay the
<br /> --- - unpaid principal that I am exper,ted�to owe at thc Change Date in full on the Maturiry Datc at my new interest rato
<br /> '"`"""�""�`'� ' in substantially equal payments.The result of this calculation will be the new amount of n►y monthly payment.
<br /> �r�
<br /> Y"""—'�=."`"�"'�" (U)Lim[ts on Interest Rate Changes
<br />�"�.:.�_7� 9.825 �
<br /> — -==rt��� 7'he intcrest rate I am required to pay at the first Change D�te wili�not be greater tha�i
<br /> -�-!��;�?�`- or less than 5.825 %. Thereafter,my in2erest tate will never be incceased or decreased un
<br /> "�%'�'°"�' "" any single Chunge Date by mnre than twu percentage points(2.0I) from the rate of interest I have been paying
<br /> �;.;;n,t,a.:f"s,:; .
<br /> �,r..',`,;�:.a • far thc prea;ding tw•elve months.My interest rate will never be greater thttn 1 2•825 ;'o.
<br /> -�='� � �' '� ' My interest rate w911 never be lower than �.625�c.
<br /> =-;''i'��:`�.":�"{':�. 'n'r
<br /> ,. . •�;: ��f� (E)Eflertive b�te of Cha�es _
<br /> _,:'.ryi'�;+i i;�::�,al:
<br /> _,;.ti., � z�, My new interest rate a+ill becs+rne effective on each Change •Date. I will pay the amaunt of my new monthly
<br /> }�*_C�'}'� '
<br /> '."',{ f,t� paymcnt bc�ir�nina �n the first monthly payrnent date ufter the Change mflte until thc ainount of my monthly
<br /> "a't�{;�;v ajf� � paymcnt changes�b:iin. � '
<br /> =.�F',�:• •
<br /> - "=j����, '.,:_ir,ir��
<br /> __'�:.�... '. �'';`,s�F► (Fl Notice otChan�es
<br /> �'���� The Note Holder will deliver or mael ro me a notice of any changes in my intcrest rate and the amount ot.my
<br /> ;:a...,- �i
<br /> __ '-`,.' ' � monthly payment before the effective date of any change.The notice will include informatios�requir�by law tu
<br />=t �. . ; 1 be given me und also the title and telephone nurnbcr of a person �vho will answer any question I may have
<br /> _ _ ._,; �;, regarding thc noqce.
<br /> .I
<br /> _ '� MULTISTATE ADJU57ABLE HATE RiDffl-d1RM 6-2•Sinfllo Famfly-Fannie MaelFreddi�Mac Unilarm Instrument
<br /> Form 3171 3/86
<br /> " � �•822A 193071 VRIP N.ONTCiAGE FORMS•18001611•7a91 � PrintM on RecycieA P�pEr
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