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<br /> .L'��=`— - _ � ..�'�z`���.4��id��.r��i�fAVGYufti�M��6�l��hx�,. '� :.�:,"�' �'�;.� \:: _-
<br /> _ �..��,c�.���� �?� — =
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<br /> ADJUSTABLE �tATE ItiDER ��Q�rf�c� �. �
<br /> (t Year Treasury icsdex-Rate Capsl
<br /> � 7th February 90 .
<br /> THISAD)liSTbBLERATER(DER�mzdcclus dayof ---�9—:
<br /> at�J is incorponte�!inco and shalt be damed ta aaxnd and supplemeet tRe Mortgage, t)c:d of Tryst. or Security Deed (thc "S�urity � � `
<br /> [astn�ment")oi tt�e aurts dau g"svai by[i�be uadersign�"(tLe"BOJT6wL�")to sscurc Borrower's Adjnsiabte Rate Note(the•`Nats")to 11�ME
<br /> Ff,Q�RA!SAYlPfQ8 i I.OAN A,SSOCIA7tON OF(iRAND fSLANi�.HEBRASKA_(the"Lender")af the sama date and cavering the
<br /> pioperig desete3ed in tDt Secutity[asirument nnd tarlted at:
<br /> 374 E�st 12th Street. Gra:�d Island, Nebraska ,� ,
<br /> (Propercy Addres� ' • .
<br /> TMi� aott co�tat� pro�toie afiowf� tar chraes is sy hterest �ate amd sy �Wy • ` �
<br /> • pay�b.T�Ls�te atsq IIeLh t�+e a�oaiut o�fitenst rate a�eYa�e�t saa ws tIee�ad
<br /> ala/ie��aM tir�nr��nte i wst pap.
<br /> ADDITIONAL COYENMfTS.In addidon to the cocenants�nd ageemenu made{n tiae Security Insuument,Barrower and Lendu
<br /> � furthet covenqat and e�ra as follows: ,
<br /> ' A. Q�TEAF3T RATE AND MU�7HLY PAY�iE:�'6'CHA!YGES
<br /> I The Not�psovides fes an inida!interat cau af g•50 °•'o.Sectioa 4 of the Nate provides for changes in tke interat rat¢and the c •
<br /> E monthlY DaYm�r►u.zs fotlows: .
<br /> j
<br /> ; I. !N!T-ItEST R.�lTE A/Ytl MUNTHLY PAYME7YT CHRIYGES
<br /> � U�) (�at�e Daks ,
<br /> ; The intere,st rate 1 Kdll pay may c6atsge aa tfie first day of march �19 9i ,and oa that day e�rery , .
<br /> � i tmelve �nonths theceafter.Eaeia date an which my�nterest ralernuL3 change is called a••Change Date." �
<br /> �
<br /> + �) 1tie I�de:
<br /> � Beginning with the fust Ciiange Date,my interest rate will brbased on an lader..'['fte"Iadex"is the weekly averuge yield on Uaited Statcs
<br />' , Treastiry savritias adjusted to a constant maturity of 1 year,as made avai[a6i�F,-�the�cxt�al Reserve Baazd.'fhe mast reccnt Index figure ,
<br /> ; •, availahle zs of the date 45 days be[ore each Change Date is called the"Cunent i.–.cfes." -
<br /> !.�the Iadex is eo longer available,the Note Holdcr wiII ci;�aose a new index which is based upon comparabte infa�madon.The IVote "=�
<br /> �,;;';r
<br /> KaWirwf�!pve me notice of this choice. ' ':`•'«``'
<br /> .. � 4
<br /> (G� Cate�h1t0�0/Ci��jB ; '.�-�-�
<br /> Before each Change Date,the Note Hotder will calculate my new intere�t rat�by adding three and one/ha lf ��u�� -
<br /> � pointa� 3.�+ 9i)to the Cunent Index and rounding to the rtearest 1/8th of 1�lo,subject to the limiu statcd in Section 4(D)6slow. ,;=--
<br /> ' This rounded amount will be my new interest rate unti!thc nwct Change IIace. -
<br /> � The Note Holdcr will then determine the amount of the monthly payment that would be sufficient to repay in full the principai 1 am --
<br /> � .
<br /> ! � e�cpecteQ to owe on that Change Date in substantially equal payments IIy the maturity date at my new interat rate.The result of this calculaGon �
<br /> � will be che new amount of my monthly payment. • ,
<br /> 4Ti! Limib os Isterest RskCraeges _
<br /> • � 1'fic� interat rau 1 am requirM [o pay at the �rst Change Date sa�ill not be greater than ��•5 70 or [ess thu► '
<br /> � i %.1'hereafter,my interest�ute will never be increased or�c,r�;:sed on any singte Change Date by more than tWO pBrCB�1t -
<br /> E 2• ?r�the rate of interest 1 have bccn paying for the precedinb tv�:i�,e:non�hs.�TJ�e�inimum�intcrest rate on this loan will rteFn be • __
<br /> l e s s t h�n._,.,_._,......_,.....�..7 i a n d i h c m a x i m u m�n t,r e s t r a t e w i l l n e v e r b c g r e a:c r:h a n 4'___._—�e.
<br /> i .
<br /> {'q ��t'I'a1�ts�te of A��+ '
<br />` � 4Sv i;iw imrxr,t-ate wiU txcume effectivc on cach Change Uate.1 will pay thc amount c';:�y new monihly pay�nent beginning on the Grs1 �
<br /> � moncf,w�;;aynunt d�teaiter the Change Date until tl+r,amount of my monthly payment changrs again. ' _
<br /> t'�D Notke ot CMen�es � `�
<br /> � '1'ii�rotc Holdet wiU mail or delivcr to me a notice before c�ch C:hangc Ua[c.Thc notice will advise me af: —
<br /> (i) the new intetest rate on my loan as oF the Chan�c;:,i7ate: :i�;:„.;�
<br /> (ii) the amour►t oF my monthty payment foUowing,hc Change Ua���: • �' �` ''
<br /> . ;�"
<br /> (iii) any additional m�tters which the Note Hofdcr is rcyuired to o:,.��l�,se:and � �
<br /> • (iv) the aQdress of ehe association yau could contact r:gardinp any:,�:stions at��ut the adjustment natice. , •
<br /> S. [:i�RGES:L1ElVS ' ,
<br /> Unifc;rm Covenant 4nf the Security ln�trumcnt is.:mendcd to rcad as fuliowe: ' �.
<br /> 4. CAartee;Ije�s.E3vrrower sF�all pay all tar,ec,at�;+_SSr�ems,ar�d otha charg:�:.;mes,and imposilians atisi�utable tn the�roperty uhirl;n:aY
<br /> attain a pri�rity over th{s Srcurity Instrument,and leaschold payments of ground rents,if any,in the manncr provldcd undcr�;arag:atil Z I;c:;;of
<br /> ar,if�wt pakl in such mannet.by F3otrower making aayment,when due,directly co th:payee thereof.Iiorrowa shall pron�tty fur::�a'.�k�.:der
<br /> ali notices of amcwnts due undef this paragraph,and in thc event F3nrrower shali make payment directiy,Borrower shall promptly fil�zsit,l to �
<br /> Lender rcceipts evidencing such p�yments. 13orrower shall promptly di5charge any lien which has priurity aver tlds Security In�ul�ruehl;
<br /> however� ifo►rower shati not be required to discharge any such I�en sc�tong as tic�tto�r•cr. fa!shall agrec in writink to the payn�ent of Uie
<br /> obligation secured by such licn in the manner acceptable[o Lender;(b)shall in buud faiin contcst such lien by,or defend against enforcement of
<br /> sxh lim in,Ira�l praceedings wUich in the opinion of LendeT operate tn prevent th�enforcement of thc licn�r forPciturc of thc[�rapetty ot any r—-_
<br /> put thrcenP;or(c)sFa1!secure from the holder of such lien an agreement in a tnrm satisiactory to l.ender s�b�rdinating s�ch lien to this `
<br /> Securisy Instrumrnt. i
<br /> , If LenQcs dctermints that all or any patt uf�he{'roper�y is subject to a lien whicl�,may attain a priority ovcr this 5ecurity Instrument, s �
<br /> t,ertQer sTtatt glrrt t�rro�cr a rtotice tQtmTiiyittg sttcfi iien_ iiatro�cr shalt sarisiy svch iien ar caice arte m nsom of rh�artions sct forfii:►irovc � `• �•
<br /> withln ten days vf the giving�f ihe nntirr.
<br /> � C. lV07H;E
<br /> Unifottn l'o�Cuant t4ut!he S:curity Instroment is amcndcd ro rcad as fnitoµs:
<br /> l�. !Yu11ee.��ce�+2 fa�any Rot�cere+puirrtS uttdet ce�licabtr fau t�t�:�itien in attuthcr rr::um:r,(il�Ahti ttUlt,e tu 13urtuart prcnvded for in this �
<br /> Secut�ty Ittstr4mrnt sh:llS►e given by Acl�vering rt ur hy�narlipy i�hy fitst cla�s�na�l tu Ftu�tawrt.:t�he Nraper�y�ddre:s or at tuib uthet:tddre;s
<br /> nS bar�[�uCt r.zlp:l�:iyn�Ie hy nt�t�cC���L:1!:l:r as pro+.e1�tlerein,and(L►a�eg r.c�ti_e!ti+lender tih_!!!±e ge4ri�F4•firsE L'I344 111ai!tc�Lcn�tar'� �:
<br /> atfdtrs,sutc3 f:::rino:+0 4u:h u�hrr asicirrssu;Lcr.:ier maq dccigua:cby nuti:c ru tfurruuce ns kYC?�'!!IC:�hC[�SIL �flt ;1U�1tt(�r���id_J tor ui�I�i� M '°
<br /> 5l'zl1�:EV ir�+��,imtnt 1hsH he�+:eme�tut���e t�cer;i;l�Gt iO�.Rr='I[t�uCF ftt�CI:El°f�1)'C�:r.4.:fF 1:1(FC fll::p(Iit i;{•d�.��.1fE,j�t_3C�it
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