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<br /> . , ADJUSTABLE RA'�'E�RIDER 90� 10��'�� ` � �
<br /> ' t i Yar Trtas�tede�—Ratt Caps1 .
<br /> �` � ". �
<br /> 1 � °
<br /> Tf11S AD)USTABLE EtATk RIDER is made thu...�Oih day of....�`farch.................�. � i9 9�....and is .
<br /> . racorpo:ated into artd shall bc dcemed tv amer+�aed suFptemcat thc Martgage.Deed of Trust ar Saurity Dted (the
<br /> "Secirrit�tnstrun�sent') of che sam�date givan by the anderaigned ithc•Borrower`}to saure Borrower's Adjustabte •-
<br /> � Katc Yotc t�bt'i�tatt'$ to.....Norwest_ Bank Nebraska,..NattonaY .Associ�tfvn..........���»�..^........
<br /> . .. . ... ...........................--...........................�..........(the"Lender)of f he same date and w4eriag tht praPertY described in
<br /> ehe Secuaity Inseru�tcnt and tacsted ar.
<br /> 42�6 Larfa�.Coutt, Grand Islaad. AE 688U3 � �
<br /> + .... ..._ . _. . . .. ..���p Addrecs� ._..._...........»...»...»...................«......................_.....
<br /> • �HE NOTE C�NTAINS PROVISI�INS/IE�OWiNG FOR CHANSES 1N THE tNTEliFS7 RATE �
<br /> AND.THE MONTHLY PAYMENT. THE NOTE LIM17S THE AMOUNT THE BOAROWEEi'S
<br /> IMTEREST RATE GtN CHANl3E AT Al�A�ONE TIME ANO THE MAl(IMUM RATE tHE BO�
<br /> R01NER MUST PAY. � .
<br /> .... .
<br /> � •. . ...:. ,
<br /> _.
<br /> -- -.. .......
<br /> At�tuno��t.Co•�e�A�-rs, t�addition tQEhcccsvcmntsartd agseemcnts made in thc Security�instrumen�.8orrav�e�����:.. � �
<br /> . and Lender furthcr coti•cnant aad agac as fQ[tavc5� . : �
<br /> �. 1�TEREST RA7'E AND STONTNLI'PAY:�tENT C��ANGFS '
<br /> . 1'he vocc pro�ides"Foc art initial interest ratc of....$,.5.......x�. 7'he Note provides for changcs im tQ�e intuest rate and the
<br /> moathl� pa��mcots.as follows: � � �
<br /> d. Ih7ERE5T RATE AND �tOh'TIILY PAYh1EPf'F CNANCES
<br /> , - 1 A 1 ChartRe Dstes � ' - � . ,
<br /> The interest ratc I will pay may change on the 6rst day of......41���1.................. �`
<br /> . l99�.....artd on that day �
<br /> e�en 12th month thereafur. Each date on which my interest rate cautd change is calkd a`fhange Date.' , ; -�;
<br /> 1 B 1 The Index � � �'-
<br /> � Beginning with the.first Changc Daac, my interest ratc wili bc based on an Index. The"Indes" is tt�t weekly' •.- . � `�
<br /> aceragt��ield an Uinui;�$tates Yreacury se�;R��ies adjusted to a constant maturity ot I year.as made avaiiable by the ''-'� � '� =
<br /> Fcdcrai Reserve Bo�r�:� Thc mast rccent Ir.�;.�45gure available as of the date d5 days be(ore each Change Qate is calted � � �'='
<br /> ihc•'('tisrcnf i��dcr."•• '
<br /> '`�.:.i
<br /> It'the Indes is no long�er availablc. thc Natc Hotdcr will choosc a ncw indcx wflich is based upon com�arable -
<br /> information. Thc Nucc Hofdcr wili give sr.e_rotice of this choicc. , : :,•�_�;.. ::=
<br /> , ��C 1 C�tculation of Chsnges .� • , _ -
<br /> . .: ��, : ;" ,
<br /> �„�.
<br /> . , ., .
<br /> ncPasc each Change Dae�,thc Notc H���or witl ca4.ulate my ncw interest rar.e.h addin� �a„and one ,, ;,, .t.':
<br /> , . .Y B ......... ....�.........
<br /> ........ .,
<br /> :•..:
<br /> ��►��;�-•••...............percrneag��ot�sts t..:2...50....�e�.f3,thc Currcnt Indes. T1's,c'Yo1e Holder wilf th:r�:�ound the '` � �;
<br /> � � recult of:�,.s addition to the nc��;acrr w��-eigt���!*pf one pc*et�::age point 1 p.!257n). 5ubject to the limits statcw ie Seccion
<br /> sl D) bciow.�t�is r�u��cd am�:-: w�ip �c urr��;�•:w in:ertsi ratc ar.t:�.rhe neal Change Date. �
<br /> . The �Vote 1lolder will t�e�'�etermine�the smoun¢c�,`.ttje monthly paymcm that wonld 6e sssf�'ccient to rcpay thc�``,
<br /> unpaid�{�'ti:�cipa{that I am es;��.�d to owe at the Ch�n�e�c�tc in fulbon�he maturi�y date at my ocar ictc��st�ate in . �
<br /> . �ubaiar�f;;a'1� equal paymcnts '3'�e r¢sult of this safeufa;ion will bc thc rtew amount o!my mont,Aly pa•;^.tnt.
<br /> _�,�f i �Umils oa lnteres� Rate'Chsn�es . �"`.'
<br /> lf rc intc�cct rate i am rcyuircd to pay ac t�:��rst CbanR�D�tc will n�t be Ereater�ban.....1.Q,.�Q...........'�ot fess than �:!'°
<br /> � � . . :-��..SA.....':. Thereafter,m}inierest ratr wi:�rw��,:be increased or decre�s.�'on any singfe Changt Date by mo�e ' � ��'�. ;
<br /> �har .ru��perccntage pointa t 2.0'�.� Crom thc rate oT i;rc�r,�c 1 havc bccn payirt�t'sr. �he prccedirtg tweive months. �1y �� `� .
<br /> - �ntcrewt rate will novcr bc grwtcs.a�art .....�3..,SA.....rlo. �.��` •
<br /> 1�1 EReeti�e Date oi Chsn�e�s • '
<br /> �!y ncw interest rate wilt brs�:*.>e effcctivc on tach Change nate. 1 will pay the amount of my new monthly pa�mene '�
<br /> be�tinm�g on the first munthly��y=:7sont date after the Change Uate untii We ar�cunt of my monthly�ayment chanaes . ' " • � , '
<br /> again. � . ,
<br /> . . . ....--- - - --�-- . ...... :. . .. .. --�--- ... .._ _ ---�--.. _ _. . . . -
<br /> ��i FI�Nofice ot fh�nRes -_ .... .......... . .. . --.. .. .. _ . .._. _ . ... _ _. _. _ r ;;,
<br /> - 1'he'�me HrWcr N�It dclivcr or mail to me a notice of�ny changes in my inesrc���r:ste and the�amount o�my mon�hl� '
<br />, � �a�mcat beturc thc aQcctivc�ate nf any change. .The rteeice will includc intorm:+rs�aa.rcyuired by l�w ta be given me and
<br /> � � atcu�!^e�citle and �dephime �uinler of a person'µho w,1.Gs�swct any yuestion 1,��;��s.have regarding the»otite. � ; '
<br /> f�. TttA�S�ER nF T4iE Pit±���E2TY OR A B�yEEtC'tAL IN7'tR�ST IN [3f1RROw'ER ,;
<br /> _ `��..� l'mform Covenan� 17 nf the See:ic•ie�y inaGi�zi:�snl ic amended to rcad as�followS: � � _ .
<br /> • Trsn�ftr otfhe Properly ot s'L�eore8cial.�r.terrs!in 8�t•trawer. Itall oc any part of Ihe Property or any interest in�t is %------���
<br /> •c•1�� �_- r,rincferrcd tor if a bcnN�c��r�l�n�c�cst in 8urtr.��:�c.r is sutd.or transferred.and �orrowcr is n��t a natut�!(+crsanl �; ` : •
<br /> . u�t*,:,aC 1.ertder'c pnor N rittCn cunscnt.t cndc�.~�3v,:�s c��'�pliem.rcynire immcdi�te payment in ful!of�II sums sccurcd !
<br /> b�sl,sc ticcun�.In�t►umcn�. Ilu�+evcr,th:t�,�cr�-i:�;�ss?r•rot bec�crci�cd by Lendcr if erercise is prdhibited by federal t�w ,�':i,;;i. ;, �:. :'
<br /> a� ut th! date of this Securnp Inctrument.' L:�:ri�FO,a.so shall not ezercise this op�ian if: (a) 8orrower causes to be � '•'�'�. ��
<br /> : . , . cubmitted to Lende:intnrnr�tr�»ceyr��r�d.t+�1_crtcter!o tys?�.taic the inttatdee!ttsnsferae ss if a atu tvaii u:t�c brin�t assdt ' --- � .�
<br />: , �o tht �ransteree: and 1 bl l.ertdtt re�: nably detetmitics th:�t Lendcr's security will rtot be impaired by �he loan .����.
<br /> � assum��ion artd �hat ihe .isk ot a breac� of any covenanl or agtetment in �hi� Seeurlty lnserumtnt is aeceptable to.
<br /> Lender.
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<br />: � . �
<br /> ••ilir t�azle�ti�t�rc a.��ilnhlc.�a nl tltr d:itc thc iniri:d intcic�t �;ur a:i�drtctminrd 1�►► thi,l��hn«u. ..,A:.14........ n�. , _
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<br />� MtlLilSfA1E�p:US'4Qtt h41E p�bEt1--�aaal 5-2-"•�� .���,�!+•+,-iann+�Ma� fredd�s A�tac Umtnrm tni�•�man� farm 31!f J 85 �
<br />� , . .—�.,�.,er.,.
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