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<br /> � � �� ADJUSTABLE RATE RIDER 200Z�g62 , �
<br />- ,� (1 Year Treusury Index-Rc►te C�{k+) _-
<br /> �' � 13'I`H AUC3UST -
<br />- �'':�;:.. 4L T day of =-
<br /> : � .� 1997�iS ADSL'STA(3LC R/�T�ltlD[R is mad�this ` -
<br /> ,;and is incorporated intu nnJ shull be deemed to umend and supplement the Mort�age, Deea uf ��.,
<br /> ?�!1°!'�' Trust or Sccurity Deed(the"Security lnstrument")of the sumc dutc given by [hc undcrsigue4i Rh��"Ban���'cr")to
<br /> � ccurc hc��rro s Ad'ustabl Rat N tc(thc "N t ' to
<br /> � T�e Bq��ttble 1�I����d ��d Lo���►��oc��t�o� of Or�a�fi�a�d, Naltaatt, A Pedenl �tri�6e 0«t
<br />_�--._�
<br />— ti. (the"Lender")of the sumc dute and covering the prope:ty described in the Securiry Instrument and locat at:
<br /> �� S ARTHUR (3RAND ISLAND, NEBRASKA 68803
<br /> 1745
<br /> � �ProExny Addn:ssl
<br /> THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHAN�ES IN THE INTEREST
<br />_ . 'I. '� RATE AND THE MONTHL�Y TE CAN CHANGE OAT ANY'T ONE TIME AND THE
<br /> � BORROWER'S INTEREST
<br />���;•� ; MAXIMUM RATE THE BORHOWER MUST PAY.
<br /> ;,,�::�ct.,�s.:�
<br />-�".1',',;,'��, pppITIONAL CUVENANTS. In�ddition to thc covenants nnd agreements cn•rde in the Security Instrument. `
<br /> ,••.
<br />:���;cf�:;��;,;,, Bonowcr and L.ender further covenant and agree ns follows:
<br /> �•. rYn�-�4.,:.
<br />-��,,,��� � q,M7'gREST RATE AND MONTHLI PAYMENT CHAIVGE5
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<br />�A��y�;�`�� The Note provides for an initzal interest rflte of
<br /> 7 .7 50 %.The Note pro�vidas for changes ia
<br /> � s the interest rate and the monthly paymm�ts,as follovrs:
<br /> 8�:,�
<br /> F�' I� �
<br />�'�j"�,��- ' 4.INTERESf RATE AND MONTHI.Y PAYMENT CHANG�:S
<br />=:�'`�l7� .
<br />-=•=�� ' (p)Change Dates SEF�'E1�1BER . 2002 ,and on that
<br /> The interest rate I wiii paY�iiay c�a�''FZ�r LhC flici rl�y nf
<br />- �; day every 12th m�nth thereafter. Bach date on which my interest rate could chang:is called a"Change Daie."
<br /> _ =�-r�:-,�a•
<br /> --�_—= (B)Tt�c Index
<br />'a�•� Beginning with the first Change Datc, my interest rute will bc baseci on an Index.The "Index"is the wakly
<br />�. s�
<br /> � average yield on Unitad States Treasury securities adjusted [o a constant maturity of 1 year,as►nade available y
<br /> the Federal Reserve Board.The most recent Index figure availablc as of the dnte 45 days before each Ctunge Date
<br />°'"'�— is called the"Cunent Index."
<br /> "—""°�- If tht Indez is no longer available,the Note Holder wiU choose a new index which is based upon compuab o
<br />---i ,:� inforn�ution.The Note Holder will give me notice of this choice.
<br /> (C)Galeulation of Changes
<br /> � Before each Change Date,the Note Holder will calculate my new in�O�te by adding %�to the Gtiment
<br /> _;j ,� percentage point{s)(
<br /> Index. Th� Note Holder will then round thc result of this addition to the nearest one-eighth of one percentagc
<br />—���''� point(0.125�). Subjat to the limits stated in Section 4(D)below. this rounded amount will be mY new interest
<br /> - — rate until the next Chango Date. a ment thae would be sufticient to repay the
<br /> ---� The Note Holder will then detcrnune the amount of the montlily p Y
<br /> — unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate
<br /> in substanti�lly equal payments.The result of this calculation will be d�e new amount of my monthly payment.
<br /> � •�—� (D)Limlts on Interest Rate Chynges �
<br /> ����_� The interest rate I am requirec!to pay at the first Change Date will nat be greater than 9.7 5 0
<br /> ��°_'Y-����',� or less chan 5.750 9'0.Thereafter, my interest rate will never be increased or decre;�sed on
<br />''''0'��' .���. any single Change Date by more than two percentege points(2A�i6) from the rate of interest I havc been�ing
<br /> ;:+�:.�;�ry-^.
<br /> �iYY;�u;,r for thc preceding twclve months. My intcrest rate will never bc greuter than 12•�
<br /> -- �•>` Ny interest rete will never be lower than 5.750X.
<br /> ti'f��,:.
<br />_-�? •.�� �r� (E)Eftective Date ot Chan�es
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<br />�:,��-�-- �� My� ��ew interest ratc will become cffective on cach Change Date. I will pay thc amount of my e�ew mon y
<br />�;;�'=P-�'�:�" paynzent beginning on the first monthly payment datc ufter thc Change Date until the amount of my monthly
<br />_ � . payment changes again.
<br /> _ ..3�.'
<br /> t'j+� (k�Notice ot Chz�nges
<br /> 3,•�.._ ,__i'_ The Notc Holdcr will dcliver or mail to`m„v ha'nor,The[tOtICC WIII nclude nform t o'nrequired by lawnc�
<br /> -- =—�'=�:_ - monthly payment oeFore i��o���R��••. ��.��.-•-� -•---�-
<br /> _ .• . � be given me anct also the tide and tclepheme number of a per�on who will unswer ;uiy yuestion I may nave
<br /> - V :� rcgarding thc noticc.
<br /> MULTISTA7E ADJUSTABLE RATE RIDEH•ARM 5•2 -S�nglo Fam�ly-Fr�ni�Ma�/Fnddi�M�c Uniform Instru��311� 3l85
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