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97104324
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Last modified
3/11/2012 10:05:20 PM
Creation date
10/19/2005 6:16:25 PM
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DEEDS
Inst Number
97104324
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'E�T� - ---- . W4�? - --��______ <br /> � ., ' �.....� �—. _ <br /> _`a��+s�u+�2r�__._ <br /> . � • <br /> 97--�11�43�� <br /> � AI)JLJ5'�ABLE �tATE RIDER 200279�9 <br /> � (l Yxar Treawury lndex-R�te Cape) "' <br /> �l IS AD1U5��'��L.ERATE AIq�R is��wS�cht:: 3��`H dey�f �►Y � �- <br /> 199� ,srxl is irxor�wnted inta�i shall be doemod to�ne�xl�d supplernent thc MoM��ge.Doed of . <br /> Trust or Security Deed(thc"Sccurity Inswmtnt")of the�ume date glven 6y the un�lenig�xd(the"Borrower")ta <br /> ur thG&,rowe 'n Ad'u table Rate Not4(the"�lote" to <br /> �A��Bquitab�e Bun�diaq �o� L91f1 AifOC��L10A OE G[8D� �sleab, N�btaska, A 1ed�t�1 Sa�1nqE Bank <br /> (ti►c"L.ender"}uf the s�raedatc a�xl covcring tMe propeny des�ribai in thc Securlty Instcurnent and loc�ted rt: <br /> 3020 CQLONIAL. OF2AliD ISLAND, NEBRI4SKA 68803-3470 <br /> [Property Addrcssl <br /> 7H� NOTE CONTAINS PROV1510NS AI.IOWIHQ FOR C�IANOES IN THE INYEREgT <br /> RATE ANp T HE MONTHLY PAYMENT. THE NOT� LIMITS TR�iE IIMIOUNT TH� <br /> BORRfl1NER'S INTEREST RATE CAN CHANGE AT ANY ONE TINIE AND THE <br /> MAXIMIJM RA'�@ THE BURROWER MUST P'AY. <br /> ADDITIONAL C�rEN3ANTS.In addition to the covenants and egreernents made in the Securiry Instnunent, <br /> Borrower and Lxnder funher covenant and agrce as follows: <br /> A.1NTEltE.ST RATE ANU MONTHLY PAYMENT CHANGES <br /> Tho Note provictes for an initid intecrst rate of �•8�5 %.77� Noue pro�ides for ehanges in <br /> the interest rate And the moRRhly PaY►nents.as follows: <br /> 4.�TERES"T RATE �1ND MON1'HLY PAYII�NT CHANGFS <br /> (A)Chan�e�tes 20 b Z . and oa tt�t <br /> '1'he interest rata I will pay may change on the first day of JUNB <br /> a•J ty'•� �?th cno�th t2xrcanfter_Each date on which my incerest rate could change is�calted a "ChanBe Due." <br /> (B)The Iudeac <br /> Beginning with the first Change Date,sny interest rate will be based on an Iadex.Ttx"Index"is tbe weekly <br /> xvrauge yield on UnitedSteaus Treasury securiti�s adjustod to a coiutant tnAturiry of 1 yar,ss maJe nvWabl�b�' <br /> thc Podera!Reserve Ho�d. The most recent lndex figure available as of the date 45 drys befon each Clun�e DMe <br /> is catled the"Curnnt Iidcx." — <br /> If thc Index is no longer avFtileble. the Nate Holder will chaose a new index which is baxed upon c�om�pard>1� <br /> inforn�ation.T!�Note Nolder wil(give ma uotice of this choice. <br /> (C)GIcaU�tloa ar Ch� <br /> Aefore each Chmgo Drte,tl�e Note Holder will calculate my new intac+est rate by�dding �,tQ��� <br /> �yp percentage poi�t(s)( 2.000 <br /> Indcx. The Noto Holda will then round the resuit of this addition to the nearest on�-eighth of oc�peranu8e <br /> point(0.12570). Subj�tv the limits state�d In Section 4(D)below,this rounded ama►ntwill be my tkw intGrest <br /> rate unal tho nexc Change�ite. <br /> Tt�e Note Holda will dxn detem�ine the amount of the monttilY paYnxat thu wouid be sut�icient W mpay the <br /> unpaid principa{ that I un cxpoctod to owe at the Change Date in full on the Matutity DaNe at my new inteteat r�te <br /> in substantially equol peymcnts.The result of this calculation will be the new amournoF my anor�y p�Y�• <br /> (D)Limlts un Int� 1�►te Ctu��es ,� <br /> The interest rate I �m required ta pay at the fitst Change Date will not be gtYatuth�n g,g 75 <br /> or fess ttw� 5.g 75 %.Ther�eafter.my interest rau will nevrzbe inec+e�sed or decc+eased on <br /> any singtc Change Datcby more than two percentage points(2.096)from the catc of irne�est I t�ve been�ying <br /> for the pmxding/wel ve�nunths.My�nterest rate will never be grcater than 12,8 7 5 <br /> My interest rate will nevor be lower than 5.875$ . <br /> � (F.)F:ftective D�te o[Changes . <br /> My new inter�st rau will become effective on ea�ch Change riate. I will pay the amatnt of my new nwr�OlY <br /> payment begir�ning an the Hrst monthly payment datc after the Chamge Date until die anwunt of my monthly <br /> P�Yment changes agai n. <br /> ('�HO�IY Ot C��CS .....1�1.�..ti.,�...�e�f mv <br /> The Note Holder wiil deliver or mait to me a norice oi any cnangc-,►n���y inic�w• aow o................----___� <br /> monthly payment befarc tl�c effcctive date of any change.The nntice will include informatlon required by law to <br /> be given me and alsa�hc titic and telephone number of a person who will answcr eny qucstion I .;�ay have <br /> �egarciing the noticc. <br /> MULTISTATE ADJUSYiqlLE RATC RIOER-AR1M 6-Z-5ingie Family•Farn�h IMN/Ft�ddM 1�A�a tld(ornti It�sburrN^t <br /> Fam 311'! 31A6 <br /> �-(1Z'�IY3091 VMPMOHTGAGEFONMS�18001621•�Y91 � PtimW onl�etYtM�P� <br />,�ri _ ._ .. . _ . <br />
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