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<br /> , .`-- APPI,A 001-70602001 ���.'�=•=_�`•'
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<br /> 11.NT��,
<br /> ADJUSTABL,E RATE RIDER �7� 1U6923 �� '��`�''�
<br /> ., ;,..
<br /> THIS ADJUSTABLE RAT6 RIDER ismadc this �2� day of AuavsT , 1997 and is �. �
<br /> . incorporatcci into and shall be dcemed to ttm�nd and su Icment the Mort a c,Dccd of Trust or Socurit Dccd(thc"Sc�urity ',°�''•::�r•��?`:
<br /> PP 8 8 y "�°�.r-x.:
<br /> InstrumcnC'}of thc same date givc� by thcundcrsigncd(the "Borrowcr") m secure Borrc�wer's Adjustnblc Rute Nate(thc ..... .... . ._
<br /> ..s.�•,r.��.r.r�_
<br /> . t "Note")to ---_--_
<br /> • HOME FEDERAL SAVINCiS & LOAN ASSOCIATION OF dR.AND ISLAND �.�---
<br /> 9.:-�' �����._
<br /> � �t. �..-
<br /> ; (thc"Lender")of�he same date and covering Ihe property dcscribed in thc Sccurity Instrument und locutcd at: �..�
<br /> � � 607 W 13TH ST �r"a""'-6�
<br /> GRAD?A ISLANA, NEBRA.SIfA 68801 ��":_--__ - _
<br /> (Yroperty Addreu] _
<br /> s-°_-
<br /> ';., THIS NOTE CONTAINS PIiOVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND NiY _----
<br /> � ����• MON'l'HLY PAYMENT. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. �_��
<br /> '� DECREASES IN THE INTEREST RATE WILI.RESULT IN LOWER PAYMENTS. _
<br /> '+�' �`--
<br /> � , DDTTI(.NA�. COV►�NANTS. !n addition to ihe wvenanis and agreements rrrade in the Sccurity Instrument,
<br /> k Borrower and L.ender furthe��ovenent end egree as foUows: ��"-
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<br /> `t A.INTEREST RATE AND MONTHLY PAYMEN'C CHANGES -_---
<br /> "� The Note provides for an initial interest rate of 7.5 0 0 �'o. The Note provides for changes in the —
<br /> ' interest rate and the monthly payments,as faUows:
<br /> 4.INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />, ' (A)Change Datd
<br />=-D,; The interest rate I will pay may changeon ihe firs[day of SEPTEMBER 2000 �end on thAt day
<br />- every 12TH month thereafter.6ach daLe on which my interest rate could change is called a"Change Date."
<br />�=:Mr . . .
<br /> (B)The Index
<br />�`���,,��.• Heginning with the first Change Date.my interest rate wil!be based on an Index.'Ilie"Index"is:
<br />_«,`�.. , ,,,• :
<br />-��rr-et,�r•. '�E {�TEEKLY AVSRA�E YIELD ON UNITED STATES TREASURY SECURITES ADJUSTED TO A
<br /> ''�`'' h'•'" CONSTANT MATL7RITY OF 1 YBAl2, AS MADE AVAILABLE BY THE FED8R�1L RESERVB BOARD.
<br />�•it�'
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<br />��'��:+t:`�.� 1�e most recent Index Cigure available es of the date: 0 45 days ❑
<br /> �� '''�"''°��"� before cach Change Date is called thc"Current Index."
<br />�r:��'� —
<br />�=�'� ' If the Indea is no longer available,the Noie Holder wiU chooso a new index that is base�upon comparable informadon.
<br /> �•a.:n'�'�..
<br />-�s:��:.•;:•:. 'I1�o Note Holder will give me nodce of this choice.
<br /> _.. .�t-.
<br />_�• �:�`•�=.i',•.s:; (C)Cakulafbn ot Chsn�ts =--_ -_--
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<br /> '�''�'�'--=�`���`s Sefore each Change Data.the Note HoWer will calculate my naw interest rate by addjng
<br />_ � �� Two Ar1n THRSE QUARTERS percentage point(s) ( 2.�50 �'o) to the Cunent Inr.ex.
<br /> c.��:�.,i,: .
<br /> -- 'I�e Notc Holder will then round the result of this addition to the xX Nearest 0 Neat Highest []Next Lowest
<br />_ ��n.
<br /> � '^ ��a.: . ONfi BIaHTH � .125 qp�,
<br />=- " �. ' Subject to the limits stated in Section 4(D)below. this rounded amount will be my new interest rate until the ncxt Changc
<br /> Datc. --
<br /> - The Notc Holder will then detetminc thc amount of thc monthly payment that would be sufficient to repay the unpaid ��
<br /> ��--- _
<br /> - principal d�at I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially ,��.-.�_.....
<br />;N, $ equal payments.71ie resuit of this calculatian will be the new amount of my monthly paymen� �;"�_"
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<br /> - " � (D)Llmits on Interest Rate Ch9nges ----
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<br /> Please check approp�iatt boxes;if rso 6ox is chteked,thtre wil!be no maxinwm limit on changes.) _:�-
<br />_ •, b(I)'i7�crc will be no maximum limit on interest rate changes. �',:�t��_
<br /> „ ,,�- � xX (2)The interest rate I am rcquired w pay at ihe Cust Cnange Date will not be greatcr than 9.5 0 0 � -__
<br /> or less�han 5.500 �, ,
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<br /> —� U(3j iviy mcerest rate wnt never ue mcreased or desreased on any singie%nange uate oy more tnan - -
<br /> TWO PERCGNT percCntago point(s) ( 2.000 qo) from thc "
<br /> rate of interest I havc boen paying for thc praeding period.
<br /> � xx (4)My interest rate will never be greatcr than 12.5 0 0 �'o,which is callcd the"Maximum Rate." • ,
<br /> I THS "MINIMLJM RATfi" WI7�L NEVER BTs L�SS THAN 5.500ic.
<br /> Ir1ULTISTATE ADJUSTABLE RATE RIDER•Single Famfly 9/�4
<br />--_ I Ptpt 1 01 2
<br /> �•aYOA�0�08) VMP MORTpAOE FORMS•(8001621•72G1 1n�tiels
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