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<br /> IQAN #: 01313.85�1 � �� ... -
<br /> C1�iI�C3T ,`''�""- ---
<br /> . � • ' ADJUSTABLE RATE RIDER � `"`�k��===
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<br /> ( 3 Yenr TrcASUry Iudcx--Rate Cpps) 9/�1i[�',�� ' �Y�;-:"i
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<br /> TFIIS ADJLJSTABLE RA'!'E RIDER is madc this 30'�H daY Qf DDf�IIt, 1997 ,end ls incorpurated into end ._.;,c�-
<br /> shaU bc deemed to amend and supplement the Mortgage,Deed of Trust or Security Qeed(the°Security IastruracnC')of the satnc dute r�y�,r�_.�=
<br /> givcn by the undcrsigncd(the"Borrowcr")to sccure Borrower's AdJustable Rate Notc(the"Note")to ,���l>;':�c-.-
<br /> O�UL E'ID�!►L MCEtRCit�C3E �P�iTI(JN . �;:,::
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<br /> (thc"Lcndcr")of the same datc and covering the property descrlbcd in che Sccurtty Jnswmcnt and located ut: -��,�_,,,m.o
<br /> � 1817 .'3 IN'iN�Ii9r C�il1t� IE3Id1t�� NE 68801 •; �:�.��'`S`::
<br /> i --
<br /> . [P►op�rty Addn�sl -
<br /> � �«� . . THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANG�S IN THE INTEREST RATE AND THE :___
<br /> MONTHLY PAYMENT. THE NOTE LIMITS THE AMOt1NT TH� BORROWER'S INTEREST RA7E CAN =
<br /> CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE TH� BORROWER MUST PAY. ' :;
<br /> ADDITIONAL COVENANTS.In addidon to the covcnants wid agrcemcnGv madc in►he Security Insuument,Borrower and Lcndcr _ -- -
<br /> fwKhcr cavcnant und ngrcc us fallows: P
<br /> �,�=
<br /> �.s..-
<br /> - A, iNTF?RFST RATE AND MONTHLY PAYMENT CHANCiES �jr�
<br /> 'Ihe notG provides for an inidal interest rate of 7.62� �.Thc Notc provldes for chenges!n t�e incercst �`__ _—
<br /> � ratc and thc monthly payments,as foUows: ��-
<br /> 4. INT'ERFST RATE AND MONTHLY PAYMENT CHANOES "::�._
<br /> � (A) Changc Datcs _ � .
<br /> 'l l�e in t e r e s t t u t c 1 w i l l p a y ra a y c h a n g e o n t h e f i r s t d a y o f �7 A N�i R Y ,1 9 2 0 0 1,a n d o n that da y eve ry 12t16#i6th
<br /> " thcrcafter.Each dacc on which my interest rate could changc is called a"Change Datc:'
<br /> ��. .
<br /> r (B) 'Ihe Indcx
<br /> '' Beginning with the fust changc Date,my intcrest ratc will bc bascd on an Index.Tttc"Index"is the wcekly avcragc yield on Unitcd _
<br /> States Tressury Securides adjusted to a constant maturity of 3 Yeazs ,as made available by the Federal Reserve !
<br /> � Board.The most recent Index figure avallable as of the date 45 days before each Change Date is called the"Current Ittdex."
<br /> If the index is no longer available,the Note Holdcr will choose a new index whlch is based upon comparablc infotmation.The Notc
<br /> . Holder will give me aotice of this choice.
<br /> +' (C) Calculation of Changes
<br /> Refore each Chanae Date,the Note Holder will calculatc my acw intcrest rate by add[ng � perccntage po{nts( 3.000 `��
<br /> to the Current Index.The Note Huldcr wiU then tound the result of this addidon to the nearest ono-eighth of one percentage poiut
<br /> (0.125°6i).Subject to the Ilmits stated in Secdon 4(D)below,thls rounded amount will be my new interest rate until the uext Chenge Datc.
<br /> The Note Holdcr will[hen determine the amouut of thc monthly pa}nncnt that would bc suKtcieat to repay the unpaid principal thxt I .___�
<br /> am expectcd to owe at the Changc Date in fi�ll on thc maturity datc at my new intcrese rate in substandally cqual payments.'Ihe result af
<br /> this calculadon will be the new amount of my monthly payment.
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<br /> (D) Limits on Intcrest Rate Changcs
<br /> r' 'Ihc interest ratc I um requircd to pay at thc tirst Chenge Datc will not be gteatcr than 9.625 qb or less tban 5.625 °U. �"
<br /> �,. 'Ihereaftcr,my interest rate will never bc incm,ased or decreased on any single Change Date by mon than '�?centagepo!ats
<br /> � ( 2,p�g)from the rate of interest I have been paying for the preceding �,r{,y-B� months.My Intemst ratc will
<br /> "� ncver bc grcacer than 12.625�,,
<br /> ' (E) Effecdve Date of Changcs
<br /> My new interest tate will become effect[ve on each Change Date.I will pay the amount of my new monthly puytnent begtnning on the _
<br /> " first monthly paymcnt date after thc Change Datc until tl�e amount of my monthly paymenc changes again. __
<br /> ;
<br /> �� (1�Notice of Changes
<br /> i 'Ihe Note Holdcr will dcliver or mail to me a notice of uny changes in my intcrest ratc and the amount of my monthly payment before = ___- __
<br /> the effecdve date of any changc.Thc notice will include informadon tequited by law W be given me and also the title and telephone --_-
<br /> � number of a person who wlll answcr any question I may have rcgarding the noticc. `°
<br /> B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTERLST IN BORROWER � ;_
<br /> Unlfottn Covenant 17 of thc Sccwiry Inswiuent ts nmcndcd to read as follows: �'� .�._�-
<br /> Tra�ufcr of the ro rt or a bcncficiul interest in botrower.If all or an art of the ro n or an intetest in it is sold or transferred ��-�3--�=-_-
<br /> p pc Y Y P P Pe Y Y .,-;.
<br /> �,r,,:
<br /> ' (or if a bcncficinl interest in Borrower is sold or transfertcd and Borrowcr is not a natural person)without Lcnder s prior written consent, .�,���
<br /> Lendcr may,at its option,requirc immediate paymcnt In fu11 of n11 sums secured by this Scctvlty Instrumcnt.Lender also sha11 not exercise ��;'•�"'
<br /> this option If:(a)Bonowcr causcs to bc submitted to Lcndcr information tequired by Lcuder to evaluate thc intended transfctce as if a new . ' T
<br /> loan wcrc bcing made to the ttansferee;and(b)Lcndcr rcasonably dctcrmines that Lendcr's security will not bc impaircd by the loan
<br /> assumption and that thc risk of a brcach of any covcnant or ngreement in this Security Inswmcnt is acceptablc to L,euder.
<br /> To thc cxtent petmitted by applicablc law,Lender may charge a rcasonaUlc fee as a condition to L.ender's consettt to the loan _
<br /> assumption,L.endcr may also require the u�ansferec to sign an assumption agrcemcnt that is acccptable to Lender and thut obligates the
<br /> transfercc to kccp ull the pcomises vtd agreements madc in thc Notc and in thls Sccurity Inswment.Botrowcr will continue to bc
<br /> obligatcd undcr thc Notc and this Sccurity Instnuncnt unlc:a,L.cndcr rcicascs Borrowcr in writing.
<br /> li Lendcr exercises thc option to reyuirc immcdiatc paymcnt in full,Lendcr shall give Borrowcr noticc of uccelrrntion.The notice
<br /> shall provide a period of not leas than 30 dnys from the date the noticc i�delivered or mailed within which Borrower must puy ali swns
<br /> -�--
<br /> � secured by this Security InstnunenL It kiorrower faits to pay[iicse sums prior co tne expiracion oi mis period,i.cucici in.ty i�i��R���� -°- --_ -
<br /> remedics pettnittcd by this Scc�rity Insuwnent without further notice or demand on Borrower.
<br /> �
<br /> BY SIGNING BELAW,Borrowcr accepts:tnd�grcc�to thc tcrms nnd covenants contained in this Adjuseablc Rate Ridcr.
<br /> '��ui��cc'�� ��'�uG�'� (Seul) l�/? �t S(1 f P � �L7 -f_f'�� ___(Seal)
<br /> R7tC�itD A BAiJF�t -B�«�W� �JAN DE� BAUFR -�°•"'"•,
<br /> , (Seal) (Sool)
<br /> -Bo�row�� -Borrow�r ,
<br /> I �S�an G��p�ml Onlv�
<br /> I
<br /> ' MULTISTATE ADJUSTABLE RATE FiIDER-ARM 5-2-Single Family-
<br /> � Fannie Mae/Freddie Mac Uniform Instrumani Form 31 1 1/3/86 EC-3002(REV OB/94) I
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