|
,� "" •�"
<br /> �. ��.:.
<br /> . ..f� • .. .P;��7�.,. , •�7-:.-.:_,....... .-�-.�w�...
<br /> .,e, Ik�,..... . .-.. , _ . . . ...... _ ..�
<br /> �
<br /> � y� � APPLii 001-70503003
<br /> ... r �� � l
<br /> f
<br /> � • �
<br /> � ` ADJUSTABLE RATE RIDER 9T- �t)�17
<br /> � THIS AAIUSTABI.E RA7E RIDER is madc lhis 19�'H duy oF Ml►Y . 199� .und is �
<br /> r.
<br /> �•tt incorporated inuo and�hall be damecf to enknd end suppkmcnt thc Morig�c,Dood of 7Yust or Sccurity Decd(the"Sxurity =
<br /> Instn�ment")of ►he samc dnte givcn by the un�lcrsignect (the "Borrower') to secure BorrowePs Adjusmblc Ratc Nnie(the !
<br /> �..�.,�i� �NWC")W =
<br /> . �� HOME FBDERAL SAVIIJ(3S & IAAN ASSOCIATION OF ORr1ND ISLANA
<br /> • � (the"Lender")of the seme date and covcring the propercy describcd in tl�e Security Insuument and locatcd at:
<br /> 4619 EAST BI3MARIC
<br /> - GRAN7D ISLANA, NEBRASKA 68801
<br /> . lProperty Ad4ren�
<br /> :
<br /> �� TIflS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST ItATE AND MY
<br /> MONTHLY PAYMENT. INCREASES IlH THE INTERFST RATE WILi.ItESULT IN HIGHER PAYMENTS.
<br /> � DEC[tEASES INTNE INTEREST ItATE WIL�.RFSULT IN LOWER PAYMENTS.
<br /> . �- .
<br /> . ADDI7'IONAL COYENAIVTS. In addr�tion to the cavenents and agreeme�ts madc in thc Sccuriry Instrument, --
<br />_ � Barowu end L.cader further covenant and aga+ae av folbws:
<br /> • � A.INTEREST MTE AND MONPHLY PAYMENT CHANGES
<br /> �'�'�-
<br />- 'Il�e Note provides for aa� initial int,erest ratc of �.s o 0 96,'Ilie Note provides for ctuinges in thc
<br /> . � interest�ate and the monthly payments,as follows:
<br /> 4.INTEREST ltATE AND MONTI3LY PAYMENT CNANGES
<br /> , (A)Chsnge Dates
<br /> •;,—� --
<br /> •�� � ���'' 'Il�e interest rate I will pay may ctiange ar+the fust clay af � 2 0 0 0 ,����y
<br />�� y'� '- ; �� i2TH month thereafter.Each dat�on whi�h my interrst rate could clunge is called a"Change Da�e."
<br />:�... .,, . . �y ra
<br /> r.,�•,.. .
<br />--,s�%r,.,'".'�r�'
<br />_T:_,��:,�ja�,: `;
<br /> (B)The Index
<br />±±irli.L:���i'.
<br /> ...=•�r:.._,.
<br />��•��;� Beginning Nith the C�rst Change Date.my interest raue will be based on an Indcx. The"Index"is:
<br />_ f~��
<br /> —==�t• � THE WSBKLY AV6RAC3E YIELD ON UNITED STATES TREASURY SECfJRZTE3 ADNSTfiD TO A
<br /> —�--�'"'�^'. CONSTANT MATURITY OF 1 YfiAR, AS MADE AVAILABLE BY THE FEDERAL RESBRVF's BOARD.
<br /> :.-,:,T.�T�
<br />�:��:tF, •�
<br />�.T.:A'F
<br /> ����' 'I1u most raent Index figure availablc a4 of thc date: 0 AS days 0
<br /> —_=����."'� be[ore eacb Change Date is called the"Curnnt Index."
<br />--�;�:-;�
<br /> ������ If the Index is no longer availab3e,the Note Holder wrill choose a asw indea that is based upon compacable informabion.
<br />��1i;,� 'I7�e IQou Holder will give me norice of�his choice.
<br /> ��.h� (C)Crkul�Uon ot Charzges
<br /> �__�F'•,
<br /> --- �- Before each Ct�nge Dat,e,the Note Holder will calculate my new inter�st rate by adding
<br /> ='�'9�"'=�`- TWO AND THItBE QUARTF•RS perccntage point(s)( 2- �50 %) to the Currcnt Indcx.
<br /> -=��r .:
<br /> -�:;;�,.� 'I7�e Note Holder will then round the result of this addidon to the 0 Nearest �Next Highest �Next Lowest
<br />_� ��^�,�,., oxs azax�t ( .i�s �,),
<br /> `��`��"'��'� Sub' t to the limits stated in Section 4(D)below. this roundcd amamt will be my new interest rate untll ihe next Change
<br />__ ..••��Y� DSUi.
<br /> � 'I1�e Note Holdcr will thca�detr,�minc�hc amount of the monch3�+ payrnent tliat would be sufficicnt to repay thc unpaid
<br /> , prL�cipal that I tun expected to owe at the Change Date in full on the maturity e1�e at my new intemst rate in substantially
<br /> � equal paymen�s.'[he msult of this calculadon will be the new amount af my monthly paymen�
<br /> ' � (D)LimiRs on Interest Rate Changes �
<br /> Plcase cheut approprrate boxes;ijno 6ox is checked,there wil!b�nv marimwc limit on changes.)
<br /> . � (1)T7xre will bc no maximum limit on intcrest rate changes.
<br /> �> t xx (2)'I�e interest rate I am ccquirc:d to pay at the first Change Da�e will not ba grcater than 9.5 0 o gb
<br /> -���` : ,
<br /> . � or k;ss than 5.5 0 0 gb.
<br /> r-�_
<br /> -- �='=t1 lJ W)iviy mirt�si rai�wui nr,vcz oc inc.•�r,a�cai vr ua;�ai�ai vri si�r singic�.nangc iraia oy mo�e tiian
<br /> TWO PERCENT perccntagc point(s)( 2.000 96) from ihe
<br /> � rate of interest I have becn paying for the preceding period.
<br /> Q(4)My intaest rate will rever bc grcatcr than 1 z.5 0 0 56,which is callcd the"Maximum Ratc."
<br /> � Tffi� "MININRJM RATfi" WYLL NEVER Bfi LfiSS THAN 5.5004 _
<br /> � MULTISTATE A�JUBTABLE RATE RIDER•Sinqle Family
<br /> !!Y4
<br /> , � r�p��oi�
<br /> �-i9iAtwoe� VMP YORTpAOE FORNS•(l00152t 7I0t � J ,,,,t,■i,.
<br /> �
<br /> i
<br /> �
<br /> �
<br />
|