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<br /> `e�'t��c��:�+�7f�'i�*���Y"���'a�a:`'�"s.'+�����1�.�l�'t'� c` r s���rt " ����?3d�+s�i5�� - _ _ _ _ -
<br /> L.� titi}ua � �- - _- "- __
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<br /> ADJUSTABLE RA'T� R�I��.R S�-�O 1�1�
<br /> (I Year Treac��qr Snd�;R�?eCapsl -
<br /> i'HISADJUSTABLE RATE RIDER is made this I3eh day of , rfarc _ �19 90 .
<br /> � and is iacorporated inio and shaU be deemed to amend and suDptement th�his�rt�;:Gqed of Trusi, or Securiry Derd{thc "Sesurity
<br /> InsWment")of the same date given by thc und�igned([he`•Borrower")co serure Hormzti�.'s��id�ustable Rate[vote(the•`Note")to t[011E
<br /> FEDERAL SAYINLiS a LOAN ASSOCIA'f{BiJ�F GRAND iSLAND fdBgRASt(a(thr-"L�der")of the same date and coverin8 the
<br /> property daca'bcd in the Security Instruffi�t and located at:
<br /> 3216 W. 16t� Street Grand Is2and, tJ1? � fi8B03 �
<br /> tProgezty Adar�ss�
<br /> 7'8Li eote caetaias yrovlsloat a1b�aS far cblmges in nsp ttrt[[�d�S11'C sed my montldp
<br /> p�ymests.T4ts note atsn 1[mits iRe smount e�y iatcr�!tai�e�ut�#snge at onq ose tlme titd
<br /> �o the mi�fmum and tbe ma�dmam nte!��psy. � .
<br /> ADDIT[dNAL COVENANP'S.[n addition to tYe covenants an�ag*�a1;:tt5 mAde�rn.th:Security Instrament.Borrawer and Leader
<br /> fisrtha covenant and agrce as fallcra►s: � .
<br /> A. ll�Tl'EREST SATE AND MOT�'7HLY PAY'.t�J�'�CH�GE5 �
<br /> The Nots provides far.az�irs,ti21 intrrest rate af 1•�:�� %,.9ec:cta�•4 aE the Notc provides for c}usn�in thc interest rate arsd the �
<br /> - manthly p3qmen[s,as fnibx•rs: �
<br /> 4. !N!'�JtGST RATE AJtiD MONTHL Y PR YMENT CHi41YG6S '
<br /> lA0 CB�sae Ihtes �
<br /> Tt�z interest rate Y xin�3y sn3y changc on the�rst day of R ariL ,i9 90 �and on that day everY
<br /> (12)..twel�e mar.�hs tir:reafter_Each date on which my rrtter�t:a!ecct:'�change is called a`•Change Date."
<br /> t�l• ThelaAe� �
<br /> Begin7sitnig with the first Change D3+e,my interest rate will be based an an[nde�. �e"!n,�"is the weekly average yield on United 5tates
<br /> Treasury securities adj�sted so a canstant maturity of 1 year,as made availab�e�:F�•�s_Federa]�t,serve Board.The most recent Indea�gure
<br /> 4�raiL361e as of rhe c3�te 4S dsys before each Change Date is called the'`�unent ir.�;�':`
<br /> If th�I:c�3.:r Es nq!ozger available.the Note Hotder wili choose a aew index ti�hich;s b�e3 ugon comparabte informr,rion.The Note �
<br />' Fioldcr u�ll:�.vrme neacc of this chaice.
<br /> (C) �alculsUonafQ��es
<br /> &fore each ChangcDau,the Note Holder will calculate my new interest rate t�s�.:�ing �'ee arld one h31f pereentage ' �"
<br /> ���� 3.S %)to the Current Index and raundiag to the nearest 1/8tt�of 1%,scb;rw to the limits stated in Section 4(D)below. � .
<br /> T4►is rounded amount will be my new intErcit rate until the next Change Uate. •
<br /> The Note Holder will then determine the amount of the monthly payment that wouid be sc�:icient to repay in fuU the principal 1 am _
<br /> expected to owe on that Change Date in substantially equal payments by the mawrity date at my new interest rate.The resolt of this catcWation •
<br /> wi11 be the new amount of my monthly payment. � . ,;,.
<br /> (D) tJm(ts o�Inten�t Rate C6ae�ea .
<br /> The i�:��rest rate I am required to pay at the first Ch��+.t;�: Date wi11 not be greater than 13.S % or less thdn ;.�
<br /> ' �Qlo.Thercaiter,my interesi rate wiU nevcr be irtcrea::�i:s decreased on any single Change Qate by more than�2� tUro per—
<br /> ' Cent f'rom the rate oi interest I have bcen paying for the preceding twet<<:r�tt:hs.The mi�imum interest rate on this toan will never be
<br /> s
<br /> Iess than g�d ao and the maaimum interest rate wiU never bc grca�c;t�::::. 16.0 %,
<br /> (E) �t.'eetfre LP�ce vY C6anges
<br /> My n2u•;:�:r�t ra,�w•ill beeome eifoetive on each Change Date.1 vrill pay the amount of^c neh•:nanthly payment beginr,:ng on the first '
<br /> ' monthly pa_-�:d�c��"�r_;thr Change Date until the a��.mt of my monthly paymen:changes a8a�n. 'T• ,
<br /> (F� YoUceo4Cte�ntgcs
<br /> ,•:�
<br /> The K�,:�Holder wilt mail or deliver to me a notice before cach Change Date.L..notice will advise me of: �
<br /> �.�) the new interest rate on my loan as of the Change Dat.e: •
<br /> (ii) the amount oPmy mon�hly payment following thcC!:a-�:Unte:
<br /> ' (iii) any additional matters which the Note Holder is required to disctos:;and
<br /> � (iv) the addrers oP the association you coutd contact regard:ng a�y que�:i;,ns abnut the�djustment nofice.
<br /> B. CHAla��;B,➢El�S
<br /> Uniform C.ar�:�-,�4 of t(t:Securiry insuument is amended to read as fallows:
<br />: 4. C6atges:Ltees.t3orra•,���:,shall pay all taxes,asse:�,-��:r.�s,and other charges,f ir:.s..and impositions attribut4b!:�a the Prapeny whici�m�:;
<br /> a::ain a pr��r��}�.+�CT iq.5 rJC:urity Instrument�and lcaser:a7d p�yments of graan�—�-.�,j f�y,f12!h°.T.�nt]Pf;+.*bV;:�?'���pAQt�fAV^..nh S heyr-c�?
<br /> or,if no:p.�i,S i.;such manner.by Borrower making payment,when��..:;directly tothe payee therctf,Borrower shall pramptly::i.�r:�".:T..c�-:Cer
<br /> a!!noficCs�v a:�ounis due under tnis paragraph,and in thc cvent Ea�rower shail make payment��rectly,Horrawer shaA prorr.�:'y s`�rri�:: ;�
<br /> Lender re,�;�ts evidencing such payments. Horrower shall prompt,y discharge any lien whtch has priarity over this 5ecurity Instrur.:er�.;
<br /> however, Borrawu shall not be required to discharge zy such lien sv lung us Borrower: (a) shall agree in wr�ting to the paymene of the
<br /> obligation secured by�uch lien in the manncr acceptable ta i,ender,(b►shall in goc�d faith contest such lien by,nr defend against enfnrcement e�f ___ --
<br /> such lien in,lega)proeeedings which ln the opinivn of I.er�der npe�ate tn��revent ttte eoturcement o`:�:lien or i'oriciwre of the Yroperty or any • ��
<br /> patt therceyg;ar(c)shall secure Prv�n q�e hotder of such lien an agreentent in a form satisfactcrrg ro Ltader subordinaling such licn to thls
<br /> Security Inattument.
<br /> (f Lender determines Ihat all or any part�F the Property is subject ta a lien which may attain a priority;,,.tr this Security Iastrum:r•'.
<br /> l.enQer shail givc Burtawer a nntice identifying such lien. fiorrowcr shall satisfy aach lien nr takc�ne or more of the actiu:ir-�:�t:'�rth�::-:-:: =
<br /> within ten days nf th�giving of thc nutacc. �t
<br /> L �„�
<br /> c. ��rrtrF: ��
<br /> Unitarm C'oticnant f 4 of tfie 5e.urity hwtru�tten[is amended tu read Hti f��Uow;:
<br /> h�
<br /> 14. 1lotice.Ettept fnr any nnh�e rcyu�rcd undcr.!pl'hc,ihlc law t��he�;��cn u�en�>�Aer �nannrr.�a)auy tioti�c ti.lintroacr pr�v�Jcd fur in ttn. �}�
<br /> Se.utitY lnstrutn:i�t=hall he g�ucu hy del��e��nr,t it��r hv u�a�lin;t ir t*v first rlatiti rna�!t��H:nroti�rr ar rh�prc�perh •�ddre.,.��i:it tiu�•h uthrr addre�: ��E
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<br /> a�[Satrvwet rnay desigu�tr hy a���f�cc ta.)cn:Ier a:pruoiel��1 hrrcm,,tt�d(ht in�:nau�e tn t���utee .f;,�I1:�c E��LCS}I�y FIT4��,I.i�.tn,td tv{crt:ler's �
<br /> addr:�;�tatedhercir:�nit��uihruftCr.i:fJre�.,i�[endctmatitlC,l4ttAlChLftnl��Ck� U�a:+�ac�.i.�v��.r,+wlt�ess•�rr �Zn�rt+�t�ir��rc,t�d�dt��tnrth�•. y �
<br /> 4c�ari�v(n:trument�h:fli hC dcen�s•�1 t<�h.i•.:•i�rCt��•��rn ru IS �rn.��_:r n: 1 rn.l:�t witt•re e�,cn m tf:c n,.nu�ri•.lC�i�;u.Ftcd Su�;•uf
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