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<br />_��������:°. ADJUSTABLE RATE RIDE.R
<br /> `":"�����:�: _ p YcarTreasury InJex-RnteCsqs) 20028053 _
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<br />:�'"�,``:�?3+�� TH[S ADJUSTABLB RATB RID�R is madc this 18TH dAy�f DECEMBFR
<br />__;;;��-;��;_„�,o,�,� 1997 ,and is incorporatrd into and shall b:dccmcd to amend and �upplement the Mortgage, D�cd of _
<br /> '° - Trust or Securiry Ur,ed(the"Security Instrument")of the sume date given by the undcrsigned(the"Borrower")to
<br />_� secure 4hc Borrower'ti Ad'ustablc Rntc Note(thc"Note"1 to
<br /> T6e 6q�ihble enilding aa� 4o�a Aeaaci�tian oi Uned [alud, Nebr�et�, A Pedenl 9niasa Bant �
<br /> -" (the"Lender") of the same date and covering the property describeci in the Security Instrument and located at:
<br />"''�:��''''�" 2826 BRENTWOOD BLVD CiRAND ISLANA, N�BRASKA 68803
<br /> •-..�r�,.�.
<br /> '���r�.,��, �Praperty Address)
<br />_''.l�p;i�;�
<br /> i�w THE NOTE CONTAINS PROVISIUNS ALLOWINO FOR CHAN�ES IN THE INTEREST •
<br /> ��` RATE ANV THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE
<br />.����.1.i:f,�V�' .
<br /> ' '"''�'�`'�� BORRaWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE
<br /> .K�. _
<br /> =- MAXIMUM RATE THE BORROWER MUST PAY.
<br />-_�:�..
<br /> V;,:.�„ ` AllAITIONAL COVENANTS.In additian to the covenants and egrecments made in the Sec:urity Instrutuent, .�
<br />-_`y t_w;;p.� Borrower and Lender further covenant and agree as follows:
<br /> '_��,;�+,:~ A.INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br /> :;i .r The Note provldes for wi initial interest rate of �•3�S %.The Note provides for changes in
<br /> -;,•.,,,�,,�' the interest rate and the monthly payments,as follows:
<br />--_ ',i
<br /> `'���r�':• 4.INTERFST RATF,AND MONTHLY PAYMENT CHANGES
<br /> ,�.
<br /> --;i-:%�;_...
<br /> =;-:-�,.,,��� (A)Change Dates
<br /> -:;'�.;� t��y r b Y JA*?IIAFiy ?nna
<br /> Tne incerest rute I wili a ma cir,u��C un iLc iir�i du �i ,an3 an ihai
<br /> �^��'R��"� duy every 12th month thereafter. E�ch date on which my inte:rest rate could change is�called a"Change Date."
<br />-- VK
<br />,,,`_`_�-_�p��;.- (B)The Indcx
<br />'"'��'�': Bcginning with the first Chan�c Dute, my interest rate will be based on an Index. The "Index" is the wcekly
<br />-- �__,�,<t•••' average yield on United Statcs Trcasury sccuritics adjusted to a constnnt maturity of 1 year,as made available by
<br />--��';' •°ti the Federal Keserve Board.The most recent Index Ctgure available as of the date 45 days befor�each Change Date
<br /> . -_...-.'-4 I
<br />_-_l�'�...•�
<br />_- - .�. is called the"Current Index."
<br />=-`-`' If the Index is no longcr avuilable, the Notc Eloldcr wiU choosc a new index which is based upon comparable
<br /> _"';',��� Informution. The Note Holder�vill give me notice of this choice.
<br /> -- _�,
<br /> _.�_.,�. _:::�
<br /> �_r.:�-,�,�
<br />- .�„rf„�an„� (C)Calcnlation of Changes
<br />-�--=�=:.�'".:..�� Before each Cha�ise Date, the Note Holder will calculnte my new interest rute by udding
<br />'���'a r��-� ' TWO perccntage point(s)( 2.000 %)to the Cunent
<br /> `""�'?�" Index. The Notc Holder will then round die result of this addition to the nearest one-eighth of o�c percentagc
<br /> _= '��i"•'�� point(0.L251).Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest
<br /> �•��r.,:
<br /> " -_ • rate until the next Change Date.
<br />��:•';�'" �, The Note Holdcr will then detennine die umount of tl�c monthly payment that wouldbe sufficientto repay the
<br /> - �� unpaid principal that I am expected to owe at thc Change Date in full on the Maturity Date at my new interest rate
<br /> -""'�'``"': in substantially equal paymcnts.Thc result of this calculution will be the new amount of my monthly payment.
<br />""'.`�:�;::
<br />_��
<br /> .;`;�.:'""� (D)Limit.s on Intcrest Ratc Chen�es
<br /> � fi Thc inlcrest ratc I um rcquircd to pay at thc first Changc Datc will not bc greatcr than 9.3 7 S %
<br /> � or less than $.3 7 5 %.Thercafter,my interest rate wiU never be increased or decreased on
<br /> any single Changc Date by more than two perccntagc points (2.O lo)from the rate of interest I have been paying
<br /> � for thc prcccding twclvc months. My intcrest ratc will ncvcr bc grcatcr than 12.3 7 5 `�• -
<br /> , My interest rate will never be lower than 5 .375°G.
<br /> " (F,)Effectir•e I)nte�f Chunges
<br /> My ne�v intcrctit rate will bec�mc effu;tivc on cach Changc Date. i will pay thc amount of my new monthly
<br /> payment bcginning on the first monthly p3ymcnt datc aftcr thc Chan�;c Uatc until the amount of my monthly
<br /> paymcnt changcs again.
<br /> I (N�Notice of Chun�cs
<br /> , The Note HolJcr will dclivcr or mail to me a noticc of any changcs in my intcrest ratc nnd the amount of my
<br /> 1
<br /> . -=--"=� moniitiy payn�cnt iu;turc ii�c ciicciivc u.ttc ui any cnangc. i nc noticc wiii inciuuc iniormaiiun rcyuireci oy ia�r io
<br /> bc givcn mc and slso the tidc anJ trlcphunc numbcr of u person who will answcr any qucstion I may havc
<br /> � . rc�arding thc nolicc.
<br /> � -
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<br /> iMULTISTATE ADJUSTABLE RATE RIDER•ARM 6•2-Sintilu Fumily•Funnlo MnelFroddlo MAC Unlform Inetrument
<br /> Form 3111 3!$6
<br /> I � -8Z2/1�930;i VA1P MOH7G�GE FOHMS 1800152� 77B 1 " p„ntud on Hocyclod Popnr
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