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<br /> �.� APPI.tI �JOl-''0{08016 _.
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<br /> ` � ADJLJS'TA�I.� RA1'E RIDER . '� �� ��` .
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<br /> � � < TfIIS AD]USTABLE RATE RIDE[t is m3dC this 16TH day of �Y , 1997 .attd'is z . � ,;
<br /> .� � incmpo�d mtu and shall be dcemed w amead and supp�emeni the Mortgage,Dced of Trast or Security Deed(the"Sc�rity r : , ;.`;
<br /> . Ituuumeat)of tke same dare givea by the ua�signcd(tAe"Bnrrower°)w�eciue Ba�mnwea's Adju�table Rate Note(ths , ,� •�`
<br /> ` "Note")to -
<br /> - --- - _ � HOMS FF.DSRAL SA�lII3GS Fe LOAN ASSOCIATION OF GRAND ISLAND _ _ r:
<br /> . -.. . � -..
<br /> ` . 1 (the"l.eudes")of the same dat�and cov�ing the pro�ty dcscn'bed in the Seairixy instrument and tocaud ar " _
<br /> , � BLOCK 1. LOT 1 PONDSRdSA . . _
<br /> - tiRAtJD ISI.ANA. N�RASRA 68601
<br /> � ' '� l��r Aea�essJ
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<br /> .�:.3 THLS Ai07'E CONTAINS�HOVISIOWS ALI.OVf7IA1G FOR CHA1�iGES IIV NflY II�'fL4tII�SP ItATE AND NAY
<br /> MOPITM.Y PAY1�7�Pf. W�'B,�-�c�c IN THE II�iTEREST RATE WILL B�SIJLT AV Ei�GI� PAYtHENT3. ' _� : :� ;..
<br /> - . DECl2EASES�1'd'f�II�T RATE WII.L�SULT IAi II.OWEIt PAYNdENTS. :::::.ti:
<br /> - • ADDHTIOPiAt.CO��'3'S. In addition m the cov�nu and ag�eemeats made in ttte Security L�swm�t, _ � ..
<br />_.. _. Borco�rraaad I.ead�fn��c-�ant and agree as follows: .:;. �..4 � .
<br /> . .<:' . ,, �
<br /> . , ;::�.:
<br /> E � A.IIi1TERFS'f 6ATE AND iYd��Fi'HLY PAYMEN7'CHANG�S .
<br /> -- • . •,�:._
<br /> 'Ihe Note provid�.s for an iaitial mteaest rate of �.500 %. 'II�e Note provides for changes in the —�_.. . �,��;�.:
<br /> � � . :i• inte�est rate and We monthlY DaYme��.as follows ��;
<br /> �:�r•� :���
<br /> - � .: _
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<br /> _ •, ; d.I1dTEEtFS��ATE AND Md�'IIT�I.Y PAYIVIEPIT CHAI\4�E.� •- -,-'-�����
<br /> .c �
<br /> � . '�� (A)Change�Eat�es ' '�"�`
<br /> +
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<br /> ' ' �, 'Il�e mt�est rate I wiil PaY maY change on the fus[day�f r1ovENmsit , 2000 �and on th��',�y " :'• �,w ..?,;
<br />-'��± ., ��� e„esy 1zT$ montb thereafter.Eac6 date an wdich�irlacst tata coutd change is c�lted a"Change Date." `,.:,`.. °:;,�� �
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<br />�:r�..;.:t. . � ..j: . s.," .,�s:'•'.•.
<br />',��{:,.,, (�)T6e Index .: , ..� `�
<br />_ •r:�'._ ` �hl.�' ;„r'f,;,u:':
<br /> ,,' r:!.�` Begmnmg with the fust e Uat,e.my iuo�st ra�e Gr�'i[�based on aA Iadeac.lhe"Index"is ''r ri�'y'-:
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<br /> . ._{�..•?y�jf� . - .�!,�}Rtsb;'.:,
<br /> -,(.,��" THS WSBRL.Y A1lSRAt3fi YISLD ON iJNITrD STA:ES TRBA3URY SBCQRITES ADJIISTSD TO A ���-�""-s
<br /> . ..},;r:: • -- :_:
<br /> � . CONSTANT MATIIltITY OF 1 YEAR. AS �lP�...B AVAILAHLS BY TSE PSDERIIL RB9SAVt{ HOARD. `'.".�'�. ,.-�°-
<br /> 7. :., 1�i�P'I",
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<br />-:d- . ' � '[b�n most rocent Index fig�ae avaitable as oi the dare: � 4��days ❑ 'f�
<br />.. •.�;�.' �.,i��� ` befa*e�s Change�ate is cal2ed the"Carrent Index." - _ . .
<br /> ,��;;i;`:�. . . �.• . .r ` If�a�' s�mi llauger avaitable.the NotE Aolder w�l choase a nev�r i�d:�c that is bascd upon comparabte infoanation. • -
<br /> �,`, ' � ;�,f:,;'.:� 7t►e�daue�����`ar.s1ti�va me notice of this choice. . . , °�."� ,
<br /> •.,.
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<br /> �` (�Cativlatloa ot Cbang� �:?`T'�Ic�:_
<br /> , `j�,[ . .`��A;3r:.
<br /> '`" � ' � Befose eacb Cl�ange Date,the Note Holder will calculate my new interest rate hy adding
<br /> ;���� �. , . ;; � Two Arm a�as p��s pec�en�ase voinc(s)( z.zso %)m�ee C�urea,i m�ea. . � .,+
<br /> ' � 7fte Note Hotder w71 ihen roimd the msult of this addition oo t�ee �Nearest [] Next Highest Q Neat La�r�t � . . .,
<br /> � r �•- .. oxs sic�s ( .azs g), '. .
<br /> <. �• . . . . •
<br />.;.::i� Snbject to ths limits stated in 5ecdon 4(D)betow.this mund�i:,�nount will be my new intaest rate nntil the next CAange .
<br />-_ -- � Date. �. -
<br /> `''"��� 7he Note Ho1d�r will then d�e the amount of the mont�ly�7rty�t that would be snffccient ro repay the unpaid �
<br />::;;���� .
<br />'-`+''�'! , ,..;. � Orinci�t th�t 1 am eapected to a:ae at ttte Change Date in fuil rm rit�mamrity date at my new�terest rate�substantislly . ' •'
<br /> -;:; • ;'` equal ffd`r�n►ents.'Ifee ras�ilt of this cal�Watiion will be the rtew an;�vnz of my monthlY PaYment � ',�'�'.
<br /> •T(:
<br /> '�i�� • (B)Llmifs on Inte�t Rate Changss
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<br />'"�:�y. . � . P ease checic app�opriote boxes:�jno box u checiced.the�e rvi1J be no mccdmmn Jinw on changes.)
<br /> ' (1)'n►ere arill be no maximum lunit an intraest rat,e c�ges.
<br /> � . �. . . �' (2)'Ihe inte�est rate I am required to pay at the fust C1r�ge�ate wi11 not be g�eat�than 9.so o qo
<br /> �, or Iess lhan 5.500 %.
<br /> • ' Q(3)My intrrest ratE wiU never be increased or decreased on aay single Change Datc by more tt� � �
<br /> . � Tcao psxcsrrr perrea��e point(s) ( 2.o00 %) �rom �he .
<br /> :;.: :; � . rate af intcrest I have been paying[or ihe preceding periad.
<br /> . 0(4)My interest rate will never be greater than 12.5 0 0 9v.which is p12ed the"Maaimum Rats."
<br /> - TFffi "MINIMUM RATE" WILL NSVER SE LSSS THAN 5.500$. �
<br /> ;;.�' � . L1ULTt9TATE A�JU9TA0LE RATE RIOER-S�ngla Family e/94 �
<br /> :�_,, vapa�ot 7 .
<br /> ��BS9A(4608) VNP Y081pA6E FOHYS-IQD0�52t�729� �nH�aia�
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