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i � HUJ��A13l�C. Kf11I�. K111t'.K (t Ycar i'rc�cur4•Indc�c-katc c'aps) 90�O 0�� TNIS AVJiJSTAilt.ki RATI•:RIUEIt i�madc��I� j gt�? dny of _._.._Jc�i iudT� --�_ �. _,19 9Q_�, ansi is incor�reted inta nnd shall be dccmai �o ��mcnd n�A �uppleiiient �hc Mortgsgc, l}rcd of T�ust, or S�curity Decd (the "SecutUy (' Instrument")oP thc snme datr Kiven by ths under+igncd(the•'Har�ower")ta sccurc Barrawer'q Adjuslable Rnic Natc(the"Note")ta HpME 1 I��QERAL SAYtNqS i LOAN A3SOC1ATi�N OF ORAND fSLAND, NEBRABKA tthc "Lendcr")of thc samc datc and cavetin;thc prs►perty descritxd!n the Sec��rity Instrumem and located at: Qa� .Eas.t_BismaTk,�rars�+ TalanrJ� NP (Property Address) TAI� aote coetal�u provisto�s allowdK to� cM��a lo my Intenal rnte �nd a�y n�owihly � p�yAtat�.TMis�ote�I�o Uatb tYc amaNnt my I�terat ntr can cA�s=e st��y one tlme aed rtio the mlatm�m�ad the maximam n�te 1 mast p�y. ' ADDITIONAI.COV�NANTS. In addition to the covenants and agraments made in the Security lnstrument,Borrower and Lcndcr . further covenant and agree as follows: • A. INTERFS'i ItATE AND MONTHLY PAYMENT CHANGFS � The Note provides for an initial interat rate of 11 .5 �;o. Section 4 of the Note provides for changes in the lnterest rate and the ; monthly paymenu.as follows: ( 1. INTEREST RATE AND MONTHLY PAYMENa'CHANGES � (A) CYaqe Dates � The interest rate 1 will pay may change on the�rst day of FebruaTy �19 9D ��d on that day every ' twe lve months thereafter.Each date on which my interest rate could change is called a"Change Date." (B) 'l�e I�de: Be�innlna with the ftrst Change Date.my interest rate will be based on an Index.The"Index"is the weekly average yield on United States , 7teasury securities adjusted to a constant a�aturity of 1 year�as made availabie by the Federal Reserve Roard.The most rocent Index figure ; available As of the date 43 days before each Change Oate is called the•�Current Index." � If the Indea is no longer availabte,the Note Holder wiU choose a new index which is based upon comparable information.The Note . ; Holder will givc me noticc of thls choia. • � � (� L'akiiaUo�ot C6a� �' Beforeacd Change Date,the Note Holder will calculate my new interest rato by adding thTee and one/half p�r«ntage � t` � PaQ�( •3.5 qi)to the Current Index and rounding to the nearest 1/8th of 1%.subject to the limits stated in Section 4(D)below. �� � . ii - 7Ns rounded amount will be my new interest rate untiI the next Change Date. - _ ' The Note Holder will then determine the amount of the month3y payme��t that would be sufficient to repay in full the principal 1 am ��- expected to owe on that Change Date in substantlally equal payments by the maturity date at my new interest rate. The result of this calculation ': will be the new amount of my momhly payment. - (D) I.Idb o�I�terest Rate Ciu=a The interest rate I am required to pay at the �rst Change Date will not be greater than �3•5 7i or las thaa fQ.� qi.Thereafter.my interat r�te wil!never be increused or decreased on any single Change Date by more than two oercent ( _(.Z.Q,�,_from the rate of interest I have been paying for the preceding iwelve months.The minimum interest rate on this loan witl never be i less than Q.� 9i and the maximum iaterest rate wiU never be greater than 16.0 ho. ' � (� Ettectlre Date o1 C6a�a � � My new interest rate wiq become effective on each Change Date.I wiU pay the amount of my new monthly payment beginning on the first _ monthly payment date aftcr the Change Date undl thc amount of my monthly payment changcs again. - y� (E� NoNce ot Chaases � ' The Note Holder will mail or deliver to me a natice before each Change Date.'Fhe notice will advise me of: , (i) the new interest rate on my loan as of the Change Date; ;�:,�; (ii) the amount of my monthly payment following the Change Date; . ' (iii) any additiona]matters which the Note Holder is required to disclose;and � (iv) the address of the associaUOn you could contact regarding any questions about the adjustment notice. --- ' B. CHARGES;LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: �. C�ar�cs;Idtm.Hottowu shall pay a!1 taxes,assessrtnents.and other charges,fiaes,and impositions sitr'sbutabte to the Property which msy ° , attain a priority over this Security Instrument.and leasehold payments of gound renu,if any,in the manner provided under parayRraph 2 hereof � or,if not paid in such manner,by Borrower making payment,when due,directly to the payee thereof.Borcower shall prompdy fumish I,ender ; all notkrs of amounts due under this paragraph,and in the tvent Borrower shall make payment directly,Borrower shall promptly furnish to Lender receipts evidencing such payments. Bonower shall promptly discharge any lien which has priority over this Security Instrument; however, Sorrower shall not be required to discharge any such lien so long as Borrower:(a)shall agee in writin„to the payment of the obligation secured by such lien in the manner acceptable to Lender;(b)shall in good faith contest such lien by,ot defend against enforcement of such lien in,legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Propercy or any �---== put thereof;or(c)shall secure from the holder of such lien an agrcement in a form satisfactorY to Lender subordinating such lien to this � Security Instrument. If Lender determina that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument. � ' Lender shall givt 8onower a notice identifying such lien.Borrower shall satisfy such lien or take one or more of the actions set forth above � -- wicnin ten days of che givmg or tne nouce. � C. NO?10E . Uniform Covenant 14 of thc Security Instrument is amended to read as follows: . 91. NoUce.Except for any notice rCquired under applicable law to be given in another manner.(a)any notice to Borrawer provided for in ttds � Security Insttument shall be given by delivering it or by mailing it by first class mail to Borrower at the Praperty Address or at such other addresa � as Borruwer may designate by notice to Lender as provided hcrein,and(b)ar.y notice to Lendcr shall be given by firct class mail to Lender'c � ' addresa se�ted herein or t��uch other adciresa ati Lender may designate by notice to}3orrower as pravidr.d herein.Any no:icr pra�idcJ(c�r in thi� �� ° Sce:urity Instrument Shall be dcemcd to have hccn given m}lnrrower or I cndcr whcn K�ven m Ihc manner dc�f�:naicd I�crcin _ �