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<br /> �, � �UJUSTABLE RATE RIDER g0""" �i.O�O�� �
<br /> . (�Year Trwsury index-Rate Caps)
<br /> THISADJliSTASL�RA'fERID�Rismadeahts 23� dayof E r.sar�., ��g�^�
<br /> and is incarpora:ed intn and sfiall be dc�eiutd to amrnd n�d sup�femcnt �h:�lortgage, Dced of Tnasr. ur Security Deed (th� "Sec�sriiq
<br /> � . 3ns�•umeat•')ef ths samcdata givcn by the uadersigced(the••�orrouer'q tn secure Barrowc:'s A,djustable Kate Note(the"Note")to HOME
<br /> - FEOEHAL SIIVIN(iS i LOAN ASSO�1/lTIC�QF CiAANO ISLAND N�BRASKA(th¢"[.eader'•)of the samc date and covecing the
<br /> — proj,eFty%des�.'ribed it1 tiie Seetuity tnsirurttent atld tocated�r
<br /> 42�1� Aichigart Ave�xie, Grand �sland, !IE 68803 .
<br /> f�'aPerty Rddress}
<br /> - Tiis aote co�lai� pmsi�iaa� �tairi�g tor cAa�es tn my irtcrast nte aed my mo�tity
<br /> _ paY�nts.Tiis aotr also Eialtl tke anoods ey titerral nte d�c�aste at sey oee ttme and
<br /> , f�o ll!�i�i4nuN asd LMc�#�+tte[n1as1 p�y. ' _
<br /> ' ADAITIONAL COVENAN[5.In add;tic�:co the covenants and agrecmeats made in the Security Instrument,Borrower and Lertder �
<br /> fnrthec covenant�nd agree�s foUows: ,
<br /> A. IIKTERFST[tA'I'E APID MUNTf�Y PAY11fEtiT CHANGES �
<br /> The Note prpvides for an initial interest rate of_- �'f_0 4'0.Section 4 of[he Note provides for rhanges in the interest rate and tiu
<br /> , mnnthly payments,as follows:
<br /> 4. INTEREST RATE AND MO,VTHL Y PAYMENT CFIANGES
<br /> i 4A) CYaKeD�tes
<br /> , �g'�r�t4�tF I wiU pay�y chznze on the tirst day of ��h .19 � .and an that day every
<br /> � t t months thereafter.Es�h date on which my interest rate coutd change is calle�a"Change Date." •
<br /> � Ea? TAeIidex •
<br /> Beginning with the�rst Change Date,my iaterest rate will tre based on an Index.The"index"is the weekiy average yietd an United States
<br /> � Treasury sxuritits adjusted to a wnstanc maturity of 1 ycar,as made avaiiable by the Federal Reserve Board.The most recent Index�gure
<br /> , availabteas of the date 4S days before each Ci�an4e Date is caJled the"Current Index."
<br /> If the Index is ao longa avaifabl�,the Nate Holder wil!choose a ne�v iadex which is based uRon comparable informaCian. The Note �
<br /> Holder will give ia�rsutice of this choice. '
<br /> (G� Csfc�hdo�of Ci�ges `7
<br /> ' •;�i
<br /> Before rach Change Date,the Noie Holder will calculace my ncw ir-zer�rate by addiczg�llT@e � f111e tt�j,�r� percentage =
<br /> : �c,_.:s/ 3-50 °le)to the Cunent lndex and rounding to tbe ne:r�2 1/6th of 1�'o,subjeci to the limits stated in Sectifln 4(D)6elow. ��=T
<br /> Ttus roundod amount will be ray new interest rate until the neat Change Date. - "
<br /> ` ' The Note Hofder will then desermine the amount of the monthly payment tbat w•aaJd be suificient to repay in.fail the princ�yal I am '
<br /> � e�:e¢to owe on that Chaagm t7r�in substantialty equal paymznts by the maturity date at:rx�new interest rate.TF.e��.::.lt of this calculation —
<br /> i witt�te the new amounc of my mQat'.-.y payment.
<br /> (D) Llmits oi laterat[tate Chs�ogss ---Y.
<br /> . The intert�'� �aie 1 am required to pay ai the first Change D:,.,x c�i11 not be greater t':an _ 1.�.�_% br Cw,s than '�
<br /> 9•� �'o.Therrafter.my interest rate wilt never be increased or @°c:�sed on an y s`_agle Changc Date by r.::r.�e'd!�an�l�l �2� �
<br /> j �E�L; t from the rate of interest!have been puying for the preccdin�tu:ive mont_z.:�.L�'�:minimum interest rate on this loan will never bc
<br /> _ ` lcss than__ 9.�1 %and the maximum interest rate wiU never be�r��.�:;�than� '16_0_____%,
<br /> � (E) E1fecUve Date of Cia�=cs . � •
<br /> My new interest rate will become effective ot�each Change Date.1 will pay�he amount oF my new monthty payment beginning on the fi�st
<br /> monthly payment date after the Change Date until the arnount of my monthty payment changes again. �
<br /> (F� NotkeolCh�saea :,=--
<br /> , The Note Hclder will mail or deliver to;r.ea nutice before each Changr l:,,'�te.7'hc notice wiU advisr e:e of: ��
<br /> (i) c[+�new interest rate on my IaG:,as of[he Change Datc;
<br /> � .
<br /> (ii) , the amount of my monthty payment follawing the Changc 17ate;
<br /> (iii) any additianal matters which the Note Hol?c-is requircd eo disciose;.�nJ
<br /> (iv) �':^addtess of'the assaciation yvu could co:c�:.c regardin�a;;y questicros about the adjustr:�cnt natiec.
<br /> B. CHARCE.S:L.I£NS
<br /> Unifoim Covenant 4 oF the Secu;�C;Instrument is amended ta read as follows:
<br /> 4. Charges;l.ien�.Borrower si�:JG;;�y al1 taxes,assessments,and other charges.Gnes,and impnsitians actributable to the Property which may
<br /> attain a priority over this Security Instrument,2nd leasehold payments of gre��d reots,if any,in�lie mann�r�rovid:d under paregrapkr"hereof
<br />' or,if not paid in stn:h manner,by Bortower:.,,,t�,ing payrnent,whcn due,diro sly to the payee thereof.Eu�ts�•cr shall promptly furr,�,l�CxnQer
<br /> all noiices oP amounts duc under this paragraph,and in the event Barrower shali make payment direcaiy,F3orrower shall pro;nptly f�rrtish to
<br /> � Lertder rcceipts eWdencing suc(t payments. Barrower >hufl�rompUy discharge�ny lien wi7ici� hati�prinrity �ver tii�; Security l�strament;
<br /> ho•xevcr.Dotrower shall�cot be rcyuircd tn dischargc a-. s�.:::� lien so lang as I3orrnwcr: (c�►shall cigrer in writin�•��a t;�e pa�n�e�:oP the
<br /> _ obligation secured by such iien in the mannrr a:a:�table to Leuder,(b�chall in gootl faith contest such licn by.or defea�againsl enfor.c:nent of --._._L,_=.
<br /> —` such 11en in,legal proceedings which in the opir��cn of Lender uper�te to pre�•ent the enforremrm oP the iien or forteiturc ot the Property or any
<br /> p�tt Ihetwf;or(c)shall secure from the ho:�:r pf such lien an agreement in�i fosrn satisfactory to Lender subardm7ting such lien to this j
<br /> Securiry tnstrumcnt.
<br /> lf Lender determincs tha�•t�:or any par:of the Pruperty is subje.t to a lien which rnay t�ttain a priority over this Sccurity tnstrumcnt, ! �
<br /> — Eri.t��e.skn4i(y�ti Svituwtr a nuti�eidentify:mrc.rcfi iien. �torrowcr sfia11 salisfy sucfi lirn or take one or more of the actions set forth above •
<br /> ' Kithin ten days of the giving of the notice. � �
<br /> "' L �
<br /> C. NtYf ICE
<br /> Uniform Covcna�t 14uf the Secur�ty Instrument is amcrided:5 read as fullowr. �
<br /> � �_ 11. NoNce.Except for any natice reyuired under u�plicubtc I�w to bc gicrn i�i anolher m.tnucr,(a)any notirc to F3orru«tt rruvi�ICJ fut ih thic
<br />__� 5ecurlty Instnimcnt shall br givcn by dclivcring it nr by mailing it by Crst class mai!tn Borruwcr at thc f'rapCtty Addrec.or at�ucl�othct addcc.c t
<br /> as isortorcei[nay designate by nutice!e�Lc�tJet as provided htiECep.Hnd!b)any noticc to Eendrr.h,�li t�c e�ven by firct Cllet����)fl.t cn:ler`< <t�- �`�
<br /> utldtess sluted ticrcin or tv such othet adtlrtss as Lcridrr rnay designate by nut��r to Burrati�er,����ruvided hrrc�n An+,•nn:i;c�•n�tii�lc�!�c�r�n th��
<br /> � tiCCnrity tnstrutttent shall be dcemeJ to G.t�c bcCi�giv�ir ru Fk�ftuuct or!emtrt w)ten Fa�esr u1 the m,inner it,��t;rr:tcJ Lrrc�r�
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