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<br /> '..�,. : �g ADNSfADLE RATE�ER is made this 3RI? . �ay of 'DECBMBBR ' , `�
<br /> : .: „'"` 1997 � �,and is iucoiguratect inw and shali be deemed to amend aad su�plemeat the Moxtgage.Deed of (��_i
<br /> .' ,� ,-,. "` • �'mst or Security Dee�(the°Security�nsaumeni")of We saaEe dats�iven Ery the undersigned(the°Bmmwer")w .
<br /> � :`,•-�-� t11eB q� s Adjastabie Rate Y�tote(the"Note")to �
<br /> -= --- e�a�talD�e�at�Siag anQ LQaa�sesatioa o#Gtand Island► �e6tas&a, A Pederal 8avi�gs 8ank �
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<br /> . (the°�ader")of t&e same date and coveriag the property dascn'bed in the Security Instrument aad toc�d ai: � };."=
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<br /> �': ,�:�.�.�,,.; .:.'��.� � 308 W 8TH ST GRAND ISLAND, NBBRASKA 68801 '.4iu
<br /> � : ?, � . . ' [propecey Ade:ecsl "-`=•
<br /> � =�-- T ' TFi,E AiOTE COt3id1�4��P�OV[5tO1US ALlOWt�ia �QR Cl�QA�GES Qil TH� I�!'�EREST t•
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<br />"�'� �' ' • ' AATE �AHD 'E1�E MOIIITHLY PAYMENY. THE NOTE �UMRS ?HE AMOUNT Yi1E � �-�'�
<br /> . �,° ;�.:�
<br /> . ... � � -% :`� ' BORROWER'S IHTEREST RATE CAN CH�t�1tt3E AT AMf OME i7�dE AND TME
<br /> " °� �: �� ilfl�lXI11dUM RATE THE BORROVIf�R MUSY Pt�Y. � • �
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<br /> - . -. . .:�%� . 1�DDATIONAL COVENANTS.In addition w the cnvenants and agreemeats rir�de in We 3eauity Insm�meat,
<br /> ' Bomower and I�ader futther coves�t and agiee as fouows: ' ".,;.---
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<br /> � �' ,� . A.�RATE AND MOl►�THI.Y PAYN�PiT C�ANGFS ' -
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<br /> � 'I�e Nate ptuvides for an initial interest rate of 7.2 5Q %.The No2e provides for ct►aages in� ��'.:'°
<br />.�•. E;' ...-
<br /> � , the inte�+e.st rate and the monttilY Paym�nnts,as follaws: � d.- --
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<br /> s. `�• 4.IIVTERFST RATL AND MONThiLY PAYMENT CHANGE3 ��
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<br />>f,"' . (A)Change Dates Y�.��,
<br /> � • �` ��`: JANUARY 20Q3 ��
<br /> `, ` . • .The interest rate I wiU may change on the Srst day of .and on that
<br /> � p�, . �;,,;._-.
<br /> � �'' . � �`. � � daY every 12th month thereafter.Eacb date oa whicb my interest rate cauld chdnge is cui2ed�°Cbange Date.° �-:, u-
<br /> � _ .. ;�:• :� • �_-
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<br /> � . `-' (B)Ttte Indeg . • [ -.
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<br /> ;1:�:•,,. _. _. Bep,�'ianing arIth the first C6ange Date.my interest rate wiU be 6ased on an�ndex.Tfi�e"IIIdBR°is tbe weeldy �, -
<br /> ",��,,:�,.' �'' � ;� � avecage yietd oa B3a:rted States Treasury securities adjust�d�to a coastant maturiry of 1 year,as made available by � � t�u'%i-;,-:'-
<br /> ->��.: ��`''_� :r-::}i�'- the Federal Reserve Board.'fhe most recem Iadex fi$ure available as of the date 45�days bxfore eacd�Char{ge IDate . A�-
<br /> ,�. . ,•._s•,: . • �.�.'�—
<br /> �: '��. : . ;,'iY�?'f''j; �is ezlE�d the'"Ciu�nt Index.° . � °.
<br /> � :�;.;:;;t{.:,; If�►e Indez is na longer ava�able.the PIote Hotder will thaose a new is�dex whIch is based upon comparable� ��._.,.,;:
<br /> • . information.Tbe Note Holder will give me notice of this choice. , . .
<br /> _ (k. • . '' � . ���-a;;`
<br /> :-': . (C3�Catcalatton o4ChAages . :
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<br /> _ • .. Before each Change Date,the Note Holder wil!catcutate my new interest rate by adding . �_
<br /> };��, .; . ;` TKA - � percentage point(s)( 2.000 %)w the Current
<br />�r ��;'s Iadex. The Note Holder will tflen round the resuit of tlus addition to tfle nearest oue-eigi�h of one perc�nmge . �•.`�:=
<br /> �'�''�� �at 0125%).Sub'ect to the limits stated in Seccioa 4(D)be�ow.this tounded amount a+ill be my new inierest. ���"``
<br /> �' , , .: . . '' •;: • pp ( . j, yirr,;-
<br /> ��';,.�' . • � rate until the ne�ct Change Date. . .
<br /> �. ..` .`.�� �`' "�. .`;' 7Che Note Holder wjU then daermine tk.e amaunt of the monthly payment thai woutd be suffciem w�gay the �_.'�'
<br /> . �� � `:':•�` w►paid principal that I am expected to owe at the Change D�*.�.e in full on the Maturity Date at my new interest rate, �`` � _
<br /> :..r": ' .� •• . �s�Sy�uaUY¢qual payments.The result of this calculation wiA be the new amount of my montlilY Payment•
<br /> :: ,. �s;�y� . . � -
<br /> `' ,: . � (D)Limtts on Iaternst Rate C6anges �
<br /> ��•� � 'C"�s interest rate I am require�to pay at the first Change Date will not be grenter than 9.250 �
<br /> • • ' : �or iess than 5.2 50 �•'j'hereafte�'.mY interest rate wili never be increasea oT decreased on �. �
<br /> � • .� � any single Chaage Da�e lry more tiian two percentage pointa(2.Olo)from the rate of interest I bave 6een paying ••�
<br /> •�`.: ' . for the preceding cwelve rrsvnths.My interese rate will never ba greater tt�an �Z�2 50 � �' -:
<br /> � � My interes� rate will never be lower than 5.250$.
<br /> .�.' • : , (E)Effective Date of Changes �
<br /> �. �� �.�y new interest rate will become effective on eacfi Change Date. Y will pay the amacmt of my new monttily
<br /> ��.;t,�'� � � ' payment beginning on the first monthly payment date after the Change Date uatil the a�aunt of my montlily
<br /> _ . . � . PaYment changes again.
<br /> � �� (�NoNce of Changes
<br /> The Note Holder wiit deliver n:mail to me a aoticc of any changes in my interest rate and the amouni of�y
<br /> °r• montiily payment before the effecdve date of any change. The notice will include informadon required by law to
<br /> . . ' _ be given me and atso the titte and telephone number of a person who will answer any qttesrion l may have
<br /> , . ' re�arding the notice.
<br /> �. �` • . ..
<br /> �,�, � . � MULTISTATE ADJUSTABLE HA7E RlDER•ARM&2-Singte Family-Fannta MaolFraddio Attac U�dimm Instrument . .
<br />�e:. . . • Form 3911 3/86
<br />- ' . ' : ��-9YZA(93051 YMA MORtOAGE iOfiMS-1800�421�7291 �� Hlnted on Raycled Payv
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