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<br /> AllJUS�'A�LE RATE RIDiER 90� 10031�
<br /> (i Year Treasury lndex-Rute Caps)
<br /> THlS ADJUSTABLE ItATH K1DEl2 is madethis 18 day of JaimaTy ,19 9�,
<br /> � and is incorporated into and shali be dcemM to amend and supplement the Mongage. Deed of Trust, or Security Deed (thz "Security
<br /> tr�suument")of t!u sazne dau givrn by the un3crsigncd(tAc"Borrower••)tp StCU(t BOffOKC��S ACIJU51d3f}t RBtC NOIC(Ih�"Note'y to NOM�
<br /> � F�DERAL SAVIN�S i LOAN AS50CIATION OF GRAND ISLAND NEQRASKA (the •'Lcnder")of the samo date and covering the � .
<br /> prape�ty dcscribc�in the'' riry Insuumens and tozated at:
<br /> 304 East 9th Street, Grand Island, Ns
<br /> � lProperty Address)
<br /> TUs eote costai�s provWon allow�ia� fot cla�cs ia my lnterat nte a�d my aioatAly
<br /> payme�h.Tl�is note al�o limits the amodnt�y iets�t rnts cte cd�nse at any one tlme aed
<br /> aho tMe�etaloum�wd the atuimum nte 1 mast p�y,
<br /> � ADD1TlONAL COY&NANTS. In addition to the co�•enanu and agreements made i� the Security Instrument,Bonower and Lender
<br /> f'urther covenant and agree as PoUows; �
<br /> A. INTERFST RATE AND MONTHLY PAYMENT CHANGFS
<br /> ii�e Note pr�vides for an Initial interest rate of �1 .5 90.Section 4 oi the Note provides for chariges in the interat rate and the
<br /> monthly paymenu,as foAows:
<br /> , 1. INTEREST RATB AND MONTHL Y PA YMENT CHANGES .
<br /> (A) CYt�e Dates
<br /> � The interest rate 1 will pay may change on the�rst day of - F2bTUeT;' ,19�L_�and on that day every
<br /> ; tldP��1p moaths thereafter.Each date on which my interest rate coutd change is caped a"Change Date."
<br /> � tB) 7'ie I�
<br /> � , Bejinnin�wiW the flrst Chan�e Date,my interat rate will be based on an Index.The•`Indea"is the weekly average yield on United States
<br /> � 11�easury securities adJusted to a constant maturity oi 1 year.as made available by the Federal Reserve Boazd.'i'ho most recent Index figure -
<br /> � avaitable as of the dtte 43 days before eacU Change Date is called tho"Cunent lndex." . -
<br /> r If the Index is ao longer available,the Note Holder will choose a new iadea which is based upon comparable information.The Note i �
<br /> Hoider will give me noticx of this choIa. .�,
<br /> 1 ,
<br /> � (G� Cak�latlor ot CYusa ;.�
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<br /> 1 Before euh Cl�an�e Date,the Note Holder will calculate my new interest rate by adding thrpp R�pg� �1,�f_p��AUg� �-
<br /> L"�4 :-� •:;.a�2ss:�::n;:nti�,.:u�3 r�;u�niir�iu'u`���cwusi liaih oi i�o�suoject to the fimits sta[eA tn�eCtioll4(D)Oelow.
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<br /> 1 'This rotmded amount will be my new interest rate nntil the next Change Date. , '_
<br /> � The Note Holder w1U then determine the amount of the monthly payment that would be suf�cient ro repay in full the pdncipal I am _
<br /> � eapected to owe oq that Change Date in substantially eqnal payments by the maturity date at my new interest rate.The result of this calculation
<br /> i wi11 be the new amount of my montlily payment.
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<br /> ? cn� Llmita o�I�terat Rate Crn�ea -
<br /> � The interest rate I am required to pay at thc first Change Date will not be greater than �.,�,� %i or less than
<br /> � Q-�' %i.Thereafter.my interest rate will never be increased or decreased on any singte Change Date by more than two percent �
<br /> � (.2.�,� from the rate of interest!have been paying for the preceding twelve months.The minimum interest rate on this loan will never be
<br /> � ° ���h� 9.0 !'i and the maximum interat rate will never be geater than 16.0 QIa, �
<br /> (E) Effecdve Date of Cbsntp
<br /> � My new interest rate will become effective on each Change Date.I will pay the amount of my new monthly payment beginning on the first �,�
<br /> j monthly payment date after the Change Date until the amount of my monthly payment changes again. �'�`�`;`
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<br /> ; (� Nodee ot Ctrae�es
<br /> ' The Note Holder wil)mail or de)iver to me a nouce before each Change Date.The notice will advise me of: �
<br /> � (i) the ne�::interest rate on my loan as of the Changc Date; t, ,�
<br /> (u) the amount of my monthly payment following the Change Date;
<br /> (iii) any additional matters which the Note Holder is required to disclose;and -� =_�
<br /> (iv) thc address of the association you could contact regarding any questions about the adjustment notice.
<br /> B. CHAItGFS;LIENS
<br /> Uniform Covenant 4 of the Security Instrumen�is amended to read as follows:
<br /> �. CYarap;IJess.Borrower shall pay a!1 taxes,auessmenu.and other charges.fines,and impositions attributable to the Property which may
<br /> attain a priority over thls Security Instrument.and leasehold payments of ground rents,if any,in the manner provided under paragraph 2 hereof
<br /> or,if not paid in such manner,by Borrower making payment,when due,directiy to the payee thereof. Borrower shall promptly furnish l.ender
<br /> all notices of amounu due under this paragraph,and in the event Borrower shall make payment directly, Borrowsr shall promptly furnish to
<br /> Lender receipts evidencing such payments. Bonowet shall promptly discharge any lien which has priority over this Security instrument;
<br /> however. Borrower shalt not be required to discharge any such lien so tong as Borrower: (a) shall agree in writing to the payment of the
<br /> obilgation secured by such 6en in the manner acceptable to Ltnder;(b)shal!in good faith contest such lien by,or defend against enforcement of � �
<br /> such lien in,lega)procadings whlch in the opinion of l.ender operate to prevent the enforcement of the lien or forfeiture of the Property or any I
<br /> part thereof;or(c)shall seeure from the holder of such tien an agreement in a form satisfactory to l.ender subordinating such lien to this
<br /> Security Inst�ument. �
<br /> If Lender determines that al!or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, � '
<br /> Lender:hall gi�•e 8orro+��r a aoticc iJrniifying such iien. 8orrower shali satisfy tiuch tien or lake one or more of the actions set forth above
<br /> within ten days of the giving oF the notice.
<br /> L �. N�,C�
<br /> Uniform Covenant l4 of thc 5ecurity instrument is amended ro resd as fallows: f�
<br /> 11. Notica Except for any noncc reyuired under ap�+licablc I:�w to be Riven in another rnanner,(a)any not�ce tu Rorrower pru�ided for in th�. �
<br /> - S:.urity fm.troment.huli i,e�;�vcn by dclivcring it��r h}•mai Img it by f�rst cl:i�c mail to Horrower at the F'rnperty Addre«i�r a��uch��thr�addre,. �� �
<br /> as I3brrowCr may dre�p,nate hy nut�ce tn 1 ender ati provided herein, and(h►:�n� nunce tn l ender chal! hc fri�en hy fir�t cla��mn�l to 1 en�ie•i'. � �
<br /> ttddttr5 Sl.�tcd hcrcin ur lu.ut h nthct:�ddrCtti flti I Cf1�IC�In:Sy CICt1�iI1:IlC f�y ttc�h�'t'In Hnnntis�t:�.pr�nidcd hcrcin 1n�unt�:c�+r�niilc�!1„i �n tln.
<br /> tiCCUtUy lnctrume»t sh;fU tM alee�urJ tt�ha�i•hceu y,ncn tn I�uiruaer�,r ( rnilcr H hcu�i�c��m t hc in.umc� de��Fn.���•d hcrciu
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