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<br /> � � �J�U3TA�►IrE 1�TE RID aooasoaa _ `` `.' .:`�`"�:
<br /> � (1.Year Ta�asvr9 Indac-RatQ CsPs) ` '
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<br /> ,�J�-. < � 16TH day of OCTOBER � . �-k��-
<br /> ' ' THIS ADJUSTABLE RA'TE RIDER is made this i the Mortgage.Deed of �.� ��`
<br /> • ��', .?' ��� 1997 ,aud is inoorpo�ated into and shall be d� to ama�d and sapp ement •,�,.:,:: _...
<br /> .<.,.�, o v the uaMisigned(the"Boirower•�to .
<br /> � ,-.: :•° Trast or Se�auity Deed{the Seauitl+Instmment�)of the sa�e date gi en bY • .
<br /> "�� se�re the Botroviecr's Ad'nstable Rats Note(the°Note")ta �
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<br /> ; :�-:Y:=�:; Yde Eqaftabie Buitdiag aa� Laaa Aasa=IatiQn ot�raa� tata��� �ebrasta, A f�ederel Saoings Baa� -_
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<br /> `:ss���N.;e �'b�u►the Secnrity Tnstnunent and loc�ted at: .
<br /> _ �'.:;�:';�`� (t�x`Lender"1 of ttte same date and covefing the pm�e�Y • u':
<br /> I .. '''���_ . 4 L'
<br /> ,'�'� ��' ` :;�*', 3008 W STOLLEY PARR .RD (iRAND ISLAND, NBBRAS�A 68$03
<br /> [Ropexryn�d�ssl _;._ �;
<br /> '' �r� ` THE NOTE CONTAtQVS PROVIStONS {tLLOW1Hti FOA CNANQES lN TO�E INTEREST � � -
<br /> .. - M7'� AND TNE M E��Rd1TE �CAN C7iAN6E A�•AP�F1t OHE TIME OAtaiiD 'fHE ' ,,`,r��`i�•`
<br /> ` ' � ` . BORROWER'S INTE ��;
<br /> � ' � °• ' ' NIAXIMUM.M'PIE fiHE BORROWER MUST RAV. , < ,�,...:
<br /> . � } � ADDIaIOPTAL COYENAI�S'i'S.Tn addition w tlie covenunts aad ap�eements made in the Securitl+Inst�umen� � -_-_
<br /> . .. ' � Bormwer aad Lender fuNier covenant and agree as follows: . � �,-;=�',-_-
<br /> ; - _
<br /> . ' A.INTEEt�S°r R�TE AND MONTHI.Y PAYMEI+YT CHANGFS -`-T;
<br /> °'� The Note provides for an irndal interest rate of 7•750� %.The Nate pmvides for ci�aages in _
<br /> . .. f i� the interest rate aud the monthty PaYments•as foIlaws: ___
<br /> . . �',:
<br /> .. �.��ER�ItATE AND MON1'ffi.Y PAYN�NT CNANGES :,�:,.�y;:
<br /> ...,. . . ,,, . ;=�x
<br /> ' a (A)Q�ani;e Dates 2002 ���'
<br /> � The i�erest rare I wil2 pag QraY c1�anSe on the first day ofNOVEMBBB � .aad on that
<br /> "�';.� date on whicb my imerest iate oould change is call�d a"(�ange Date.' - ----
<br />_; . _ ...14���`� day every 12th manth ther�_Facb . =�`=_
<br /> } . r�;••. �.
<br /> • <.�,;:.� (B)TheIndex ----
<br /> . . Beginning wit6 the first C�an$e Date,my interest rate w�116e based an an Inde�.The"Iadxg."is the weekly
<br /> ��:
<br /> •. � C�an
<br />-.� .> .. ;:;��%;.� average yield on United St�7freas�ry securiaes adsusted to a constant rraturity of 1 year.as�available by f�;�°�°-�;_
<br /> ,... - F_�'.ts:�: the Federal Reserve Board.'i�e most recent Index figare avaiiable as of the date 45 days befarc rach C'hange Date F---=_...
<br /> _ • F�_
<br />� , � •, • 1S C'd�C��iC°CQ4t2II�IIIdCR.° ---
<br /> � " 1f the Indez es no longer avaitable.t[a�Note Holder a+ill choose a new index wlricb is based u�on compata8le _
<br /> ' ' , . i�oaaadoa.Ttte Note Iioldes v✓iU g'�ye�:�otice of this choice. . �:-:___
<br /> -- �:��;;;;.._: . ___.._
<br /> ��= ,�{,--, ,T_
<br /> 1>�'��` ' (47 Calailatton a4Chan,�es � - -
<br /> ' �f���''""'` Before each Ct�as�ge Date,the Note Holder wiU calculate my new interest rate bY^w:+�;
<br /> ' (�:'�• 2.S00 �)to the Curreni
<br /> �,. �: � �PD AND QNE HALF Percentage point(s)(
<br />-- ,:,,j_',';,,�''. . Index.'I3ie Note Hotder will thea round the resuIt of tIus addidoa w the nearest oao-eigi�ef�nne percentage ��
<br /> ' • paint(0.125%).Subjecc to the limits state�in Seaioa 4{D)betow.this rouaded aaaoant w116e iay n��� . ,
<br />- ,..�� ;.:�:;, rate until the n�xt C�ange Date. ��' --
<br /> an t that w�ntd be sufficient to repay b4e �� -
<br /> , •�,' The Note Hotder will then determine the amount of t�e montlily paymen �
<br /> ,, ,�. unpaid principat that I am expected to owe at the Change Date in full on the Maturity Date'at my uew interest rate � ,
<br /> . �t�, :. in substaati a l ly equal paYments.The r�Carof this calculation arill be the��w amount of my ffio�y paymeat. 4 _-.
<br />- , . �
<br /> �'i; N)Ltmitts an Interest �* C.�.��s q �..--��_,
<br /> � :.�,•'.:., T6e interest rate I am n�'airea to ps"�1 at the first Change Date will not be gseatei;e�n 9.T50 �._--
<br />- .� or less thaa 5.?S Q %.Thereafter,my interest rate will never be imcr�s�l ar decreasod on ��_�_
<br /> •. �`; aay single Change Date by more than t�3 Qem,cmtage poims(Z.096)from'the tate of inieresx I�ve been �ng � .:
<br />— �,� �' <•' f o r t h e p r e c e d i n g twelve��att^.s•My interest rate will never be greater tiian 12.?SO
<br /> , . �. �-
<br /> ��.�'��:� � My interest rate will never be lower than S.75t��b• _ �_
<br />- •`. . ,:. (I%)Ef'�e�ve Date ot Changps �'-,,'
<br /> � ` �� My new intemst rate a►ill become effective on each Change Dute.I will pay the amaunt of my new momhly
<br /> _ .. . ' payment beginning on the first montlily payment date after the Change Date unW the amount of ary monthiy ;
<br />_ . . payment changes a�ain. . � .
<br />-° � .� � (�Notfce of Changcg � � •
<br /> � ' The Note Hotder will deliver or mail to me a notice of any changes in my interest rate and the amaunt of my
<br /> . �. . rnonttily payment before the effective date of any ct�nge.The notice wi11 include information����Ya�ve �
<br /> - � ` � be given me and also the title and telephone number of a person who will answer any qu
<br /> -- ` . regatding the nouee.
<br />_- . MULTISTATE AD.!liSTABLE A�►'fE RIOEB-AHM 6'2-Singie Family•famde MatUFteddle PJluo Unitorm Instrum��3111 3186 -,
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