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<br /> ' ' ' A1�JUSTABLE R�AT� RII�ER
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<br /> 11 Ycnr'IYca+trry Index •Rwtc t'u�wl 2 002 7 9 fi 9 .._.
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<br /> 1 99715 AUJUS'I AHI.l:RATG 121pGi2 i.r nu�dc�hi, 1 ATN duy ul AI ICUS'P . :
<br /> ,��nd is incaqxirutcd into�md,hiill bc decmcd tu mncnd lind�upplrment �hc Mortgngc. DccJ of _
<br /> . � .u�� Trust or Scruriry l)ced(the"Sccurity Instrum�nt")of thc umie dutc biven hy thc undrrtiigncd (thc "Barrower")lo -
<br /> ,,..,,�.�.. ,••w�ttt•[3 o C '�Aci.'u t blc R,��c Nntr(thc "Natc" t�i -_--
<br /> �,y„,,,.,�,;�.� `�he`BquYti�'�c E`utIdtng �n��oin Association of Grand �slind, Nebraska, � Federal Savingc �aek �; -
<br /> (the"t.ender")of the same Ju�e anJ covering the prnperty describeJ in thc Securiry Instrument and lou�ted ut: �.;r_
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<br /> 415 W 1�•TH ST GRAND ISLAND, NEB�tASKA 68f301 �
<br /> �Pru�xny AdJreu� _ —
<br /> �� "fHE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST =n_
<br /> r� RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE _ —
<br /> ' BORROWER'S INTERHST RATE CAN CHANGE AT ANY ONE TIME AND THE �
<br /> � MAXIMIiM RATE THE BORROWER MUST PAY.
<br /> � ApDIT10NAL CQVENANTS. [n uddition to the covenants and agreements made in the Secucity Instrument, =
<br /> � Borrower and Lender further covcnant and ugrce as follows: e,:
<br /> � :1. INTFREST RATE AtiI� MONTHLY PAYMENT Q'HANGES :,
<br />� • The Note provides for an initial interest ratc of �•3�5 %.The Note provides for changes in �
<br /> :.:�� , � the interest ratc and the monthly paymcnts,as foUows: _
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<br /> ,. ' l,INTEREST RATE A`D MONTHLY PAYNiENT�CHANGES
<br />-� • :` . - _ (A)Chunge Dates
<br /> The interest ratc I will pay may changc on the first day of SEPTEMBER , 2�02 ,and an that _
<br />; ' day every 12th month themxfter. Each date on which my incerest rate could chnnge is called a "Change Date."
<br />�?�-°^^'7��� (B)The Index
<br />�:• i ;==r• Beginning with thc first Change Date, my interest rate will be based on an Index. The "Index"is the weekly
<br />�-���:-�'�:e� average yield an United States Trcasury securitics adjusted to a constant mawrity of 1 year, as made nvailable by
<br />��� '� the Federal Reserve Board.The most recent Index figure available as of the date 45 days before each Change Date
<br />�.nV,,,r.H.}�,�:
<br /> ��-_�"�••'�, , is called the"Current Index." '
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<br />�ri � : � If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable
<br />�',��s s...=� infurtnation.The Note Holder will give me notice of this choice.
<br />— `�wti=`^.:�'�7
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<br /> _.-..,,.� (C)Cs�lculution of Changes
<br /> - ��.�=.`_R�"� Before each Change Date, the Note Holder will culculate my new interest rate by adding
<br />—-_=_"'"' `�� �� percentage point(s)( 2.000 `70)to the Curnnt
<br /> -k:-x:T"� Index. The Note Holder will then round the result of this addition to the nearest onc-eighth of one perceatage —`
<br /> --�=./;r'...
<br /> --- .� :�.. point(0.125Rb). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new mterest
<br /> ,; � ''' rate until the next Change Date.
<br /> � ���`'�� The Note Holder will then determine the amount of the monthly payment that would be sufficienc to repay the
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<br /> unpaid principal that I am expected to awe at the Chunge Date in full on the Maturity Date at my new interest rate
<br /> ��-�� in substantially eyual puyments.The result of this calculation will be the new amount of my rnonthly payment.
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<br /> — --- (D)Limits on Interest Itate Changes
<br /> �`- ; _,>Y . The interest rate I am required to pay at the tint Chunge Dute will not be greater than g,37 5 '�'
<br /> ' .. ' . or less than 5.37 5 J.Thereafter,my interest rate will rtever be increased or decreased on ___
<br /> - _ any single Change Date by more than two percentage points (2.0%)from the rate of interest I have beon paying _
<br /> for the prcceding twelve months. My interest ratc will never be greater thnn �2,375 �'• F=
<br /> �� � My interest rate will never be lower than 5.375X. G,�-
<br />— • � (F.)Etfective Date ot Chan�Ges �=
<br /> � �. My new interest ratc will become effective un cach Chunge Date. I will pay the amount of my new monthly �-
<br /> f:•
<br /> �� payment bc�inning on thc tirst monthly paymcnt date aRer thc Change Date until the amount uf my monthly
<br /> payment changes ag:iin.
<br /> �,;�='f t (�Notice ot Ch�n�rs i
<br /> - -- - _
<br /> - - _ .
<br /> The Nate Holder will deliver or mail to mc a notue ut any cnanges in my interesi ra�e a�xi ine;unuuni oi�uy -
<br /> monthly payment hcti�re thc cffective datc uf any rhaiigr.Thc notirc�vill include infonnation required by law to
<br /> lx given me and also thc titlr unJ t�lephunr number uf a prnun who will answer any yucstiun I may have
<br /> rcgarJing the notirc.
<br /> �� MULTISTATE ADJUSTABLE RATE RIOER-ARM 6•2 S:nglo Fam�ly F�nnle Me�IFraddi�Mac UnHorm M�t►umant
<br /> Form 3111 3186
<br /> � •822/i�eeos� VR7P MONit:AGF iONh�S �eoo�ss> >r��+ ������eao�parc�ca oea�
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