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<br /> : • ' ADJUSTABLE RATE �DER � .
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<br /> '1'lI1S ADIUSTABLC RA7'E:RID�R In mwdc�hiy �Id�7T dxyof 1�T, 1998 r' .:�n�l i�lncurTMttc�l�dlnu�i�mlhhall
<br /> In•�tr.rinrd to nmend and Rupplemant thu MurtRugc,Deed uf Truu ur Scciulty Deed(the"Scaurity lnstmmcnt")nf tln�sxmo Antc Riven t�y
<br />= iho umlenlgncd(thc"Hormwor')tn t;ecurc B�truwot's AdJustahlc Rttc Noto(tha"Nnta")tn
<br />' �L 1�7l�1l�11Y� DQi.'1� �R'IQi .
<br /> (Ihe"l.cndcr")nf thc�ma dntc nnd covcdng thc pmparty dcscribcd in the Sccudty Instrument und Irn:ntcd nt:
<br /> 811 W 1dTH 8T, QiAt�D I��I�D, I� 68803
<br /> IProp�rty Addn���
<br /> THE NOTE CONTAINS PROVISIONS ALLOWIN�FOR CHANGES IN THE INTEREST RATE AND THE
<br /> MONTHLY PAYMFNT. THE NOTE UMITS TME AMOUNT THE BORROWER'S INTEAEST RATE CAN
<br /> CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY.
<br /> AUQITIOIVAL COVENANTS.In addition to�he covenanuu�d agt+cemen�s made in the Securirty IbsRru�m�nt,�arowet;+ted�ttder
<br /> I'urther covenant und ugree as follows:
<br /> A. INTEREST RA'IE AND MONTHLY PAYMENT CHAN(iE.S
<br /> 7'hc oote providcs for an iniUal intemst mte of `�.�5 '�C.'Ihe Not�providas fi�r ehang�s in the interest
<br /> a:ar:�nd thc montl►ly paymenis,as foAows:
<br /> �- INTEREST RA'IE AI3D MON7HI.Y PAYMENT CHANGfiS
<br /> (A) CEaaange Date.9
<br /> I lic mterc,n�����1 w1U pay way change<<�n�fie first day nf l�Bc�.�.Y�3 ,I9 99 ,and ou t,t�at d�y tvery 6th mo afl6e
<br /> �hr n nfter.�«�date ou yrhd�ch my Inter��t cate could ehange is called a"Chsnge D�4x."
<br /> (B) Thcindex
<br /> Beg��wiW the fitsc change Date.my interest tate will be based un an IrtdM�n.',l'�he'"Indea"ls ttnwreki j�;•av�uagc yield om Ut�31'rti1
<br /> S►ntcs 1Ycasury Securides adJusted co a cot�stant matwity of 6 months,xs eaade avan]seb9e by tho�edetal ld�.un��e Buard.
<br /> Thc ma,t recent Indcx figure availxbte:;,s�?the date 43 dsya befae eacQe Change Date is caUedl r,�e"G�trGa�tT��t2ex."
<br /> If the iadex is no longer available,¢�e;Vote Holdet will cD:vose a new iadex which is bued upon compualtnDe iai'ora4ation.7Ue Note : • � ,
<br /> !iold;.r wii�glYi'i!Uo i7aLICC GY iI'u3�u�iix. '
<br /> (C) �ClI�lUOQ Of CfliD6tS '
<br /> Befo�eacb Chanae Date.tbc Notc lf��lder wUl calculate my new intercst tate addin� �perce�nu�Ints( 3,750 9fi)
<br /> tn ihe Cwmnc Index.T6e Notc Hokkr wi�l thea round the result of tbis addidob to the neatrst oae-eighth of oae pencentage point
<br /> , (o.12S9W).Subjcct to the limit�stated itt Sectioa4(D)bclaw�thisrounded amount will be my ucw intercst nte undl thc nextChmge Date.
<br /> � 'Ric Noto Haldcr wUl thea det�rmine the unount of the moathly p�ypieat tlut would be suf�Ictent w repy tbe unptid principal dut 1
<br /> :�m ex�cted to owe at Ihe Ch�nge Date in full ota ihe maduiry dtte at my new tnterast nte in substantlrlly equai p�ymeatss.'Chc trsuli of
<br /> ihi.calculaUon wlll bc the new amoupt of my monthly paya�cnt
<br /> cn� u���m��.,c�c�cn�a�
<br /> Th�intercst rate I am t+equlred w pay at the ftrst(.'luaae Dau will t�ot be areater than 7.875 x or Iaa thu� �.375 �.'��e-
<br /> a1 icr,my intanst rate wiU aever be incc+e�sed or decreased oa u►y sin�lo G1su►ge Due by more ttuu 3/� percenuau paidts�0.750
<br /> "M)from ihe rhtc af interext I hsve been p�ytng for the prectdin�six months.My iaut+est ata will never be greaterthw�l,.615 96.
<br /> (� Flfcctivc Duc of Changes
<br /> My ncw intctrst rate wiU bccome e1�'cctive op cach G'luwga Datc.I will pay the�mo�tnt of my new momhiy pytpept beEinqipa op We
<br /> first monthly pxymept datc dtcr the Chaage Date until tha acaowt of tay monthly payment changcs agdn.
<br /> - (i�Nodce of Changcs
<br /> Tha Nnte Holder wtp deUver or mail to me s notice of any chtnges in my i,nterest rate and tho amaat QFmy moathly pryment befa+e
<br /> � the cffcotivedate of any chanEa'llie aodee wlll include infamadon roqnired by law to be given tqc andalso tbedtlemd tekt►tano
<br /> ; numbcr af a persan who will aaswer any quesdon I may have�+eaud3na the nodce•
<br /> � B. 7RANSFFR OF TF�PROPF1tTY OR A BENFFICIAL WTf1�EiST IId BORROWBR
<br /> � Uni form Govenant 17 of thc Sec�uity Insuvment is omended to tr�d u foUows:
<br /> Tmnsfar of thc propett�or a bene�trlal lnterest in bor�ower.Itall or aay put of tbe property or xay iatercst in it is sold or tr+u�sfem�d
<br /> (��r i f a boncficlal intetess in Botruwer is sold or traa�festd and Botenw�er is ncx a cuitural person)wlthout Lead�r's prior wriaen eonseat,
<br /> � I..�:ixicr�r►tiy,at its optlon,tcquire fmmedintt pwyment in full of all sums secured by tlils SecnrIcy Insonn�aent Lcadrr�lw s6�11 not ea�er+cix ,
<br /> thi�:nption if:(a)Borrowor causw to be submitteci to i,epder infomndon requir+od by[,,euder to evaluate the Intendod tr�nsferce�s if a new
<br />.' Irmn wcrc bcing madc w th�trtnsferee;and(b)Lender res.wn��bly detuminos tlnt Lcnckr's securlty will not be impzirtd by thc loan
<br /> assumptio�c And that the risk of a M+�ach of nny covenaat or agreemeiU in this Security instnunent is ar.oeptable to Lender.
<br /> To the dnecnt permitted by appGcabla law,Leader roay chat�e a reosouable fee as a condItian W Lender's cons�nt to tt�e lunn
<br /> � :�ssumption.Lcndcr may also nequite the wnsferee to sign an asswnption agt+eement that is acceptibl�W Lender md Uut obliEates the
<br /> �r.nufcrce to keep all the ptomises aaJ agteetnents mnde in tha Nota aad in this Secnriry InstrumenG Bortowet wW coodnue W 6e
<br /> obligated undor tho Note and this Security Tnswment un1�LenAer nlesses 8onower in writina.
<br /> if Lcnder cxercises thc opdon to tr.quire imroediatc paytnent in full,Leuder shaU 6ive$arovver ndice of accelentioa.'�T6e eotta
<br /> .. shatl pmvide a pedod of not less U�an 30 dcays from the date thc notica is delivend or mailod wIthin tiv,hkh Bott,Qwer must pry alt sums
<br /> .ccarcd by this Security Lu;uumen�if B�ttower faila to pay thesc su�t�a pr�or to the axpitation of this pedod,Lfaider mny invoke any
<br /> rcmcdies permittui t���tlfin,Security Inswmeut withautfi�rther notice or clemand on Botwwer.
<br /> BY SIONWfi C3L�i:rD1V,13u�,n�vcr acccpts and agroes to We tcrmg and oovenants c�nuined in thia Ad�ustabk Ratc Rider.
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<br /> MULTISTATE ADJUSTABLE RATE RIDER-ARM 6-2-Sinpls Family-
<br /> Fnnnie Mae/Freddie Maa Uniform Instrument Form 311 1/3/85 EG3033(REV OS/97)
<br /> COPY
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