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<br /> � = . � ADjUSTABLE RATE RIDER �Q�"� i'��6�1 �
<br /> ' � (1 Yar i'ra��ry tede:-Rate Gps� �
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<br /> � THfS ADJUSTASLE RATE RIDER is uaade this �5th March � `
<br /> � ........ day of...............».......................»..... {9.�Q.»..and is
<br /> incorporatcd 'ento aKd shall be dcemtd to amead aad sµpptement the Martgage.Deed of Tnut or.Secutity Deed (t6e
<br /> ' "Securitq Instrument') of the same date given bx tho andtrsigned (�he"Sorratirer".} to stcute Borrawti s AQjcstsbte . � `
<br /> Rate Note (the"Note� to......N4�:t�I.���..��.n„�..�'Igttra��. Nat�Q�a2 Asso�ia�iQn......................�.
<br /> . . . ................ '
<br /> ................................................................»............(the"l.ender7)�►f the same date and eoveting ihe propeny deseribed in :
<br /> thc Secutity Instrument and tocated at: �
<br /> _.._..........„.„...............�17 West Koeni,g,�..Grand�Island�,Nebraska 688d3 .
<br /> .....;
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<br /> , , (Propesty Address! . . , ...._
<br /> ` . . THE t�IOTE CON7AEE�[$pROyiSIONS ALLOINING FOR CHANGES INf THE INTEREST AATE
<br /> ' , AND TF1E MONTHi.1f PAYMQ�lT; THE NOTE UMtTS THE AlNOtf!'iT TFiE 80RR�i1�lER'S
<br /> _ � �NTEiiEST RATE CAMCNA�!��AT ANY ONE TIME AND THE MAl(iMUM RA?E THE 90R- '
<br /> ROWER MUS7 PAY. �. .. ,.��.:._ : . -
<br /> --- Aunms►v��CQs�4,�.�..::��;�s;ti�tc�i�iee�rt�c;;�,'�;�aadague�rcentsrira����'[ht�ecurity Instru�ne�a.8orrowu . - - - _ �
<br /> � . and Lender tutthsr eavenant�i�k�$ree a�f¢,Iows: � � � • • �
<br /> , ' A. INTER�ST RATE ANQ 11ONT1�I,Y PAYMENT CIYANGFS � ' . ,
<br /> : The Note p�ovides for an initial instrtst rate ot...8�50,.,.,% The Notc providcs C¢rchangc#in tho interest rate and tC�c.�� ',
<br /> � monthly payments.as fotlowx'�- :; . ,
<br />;- `. 1. INTEREST RATE ANQ��MHt,Y PAYMENT CNANGES .� . , .
<br /> ' � f A! Cbaese Oates. - � � � . .
<br /> The ieterest ratc !wi11 ma chan e on the first. ril � � '�� � � `t
<br /> � �Y,. Y 8 �y ot.......�P................. ........ 19..�1....ar�a�that day .�.��,;:
<br /> . � every 12th month thuea(ter_ �ach date on which my;.;rr�rest rs�te conld cbange is called a "Change Qa.t:�.,` .. _
<br /> � , t 81 Tl�e InQex , �: � • � . � , -�'
<br /> . `�,t`t:
<br /> _ Qe6innirtg wid'r tlie�irst Changc Date. iny interest ratc wiU be based on an Jndex. 7'he"Index" is the week(y' �'`'f
<br /> � average yitid on ttaii.�Siar�'��easury securities adjusted to a ranstant maturity of 1 year.as made availabte by the �'•;� ��•�' � �� �
<br /> , Fedual Raerve goard. Tite�ii�c�i:secent Index 6gure availabte as of the date 45 days beforc cach Change Date is called � � ��
<br /> Itte"Curr¢m Indcx."'� � ' ` ; . _
<br /> ' If the Indea is no tonget•availablc. tAe Note Holdtr will choose a new indcx which i: based upon comparable ` -'
<br /> ; iniormatian. The Note Hotder will give me notia oi this choice.
<br /> . ! 1 C 1 Calcuistian ot ChsA�a . -
<br /> � @efose each Change Oate.the Note Holder wil!calculate my new interest tate by adding TWO $nd • `
<br /> onehalf ...................�.............. ;•-
<br /> � -•••••••••••••••••.••...........:.. percentaae points (..2r.S0....:.96) to the Cu�rcnt indca. l'ht Note Holder will.then ro�n d the � •t
<br /> � resuit of this addieia�.to the nearest orte-eightb of one percentage point(0.1257�). Subjcct to the limitf stated in Section � �
<br />. ( �1 D) betow,t6is ca�ii�:d antount will bc mp new intercst��te until the next Chnnge Date.
<br /> Thc 14�te �6a1�#¢c+�eli tl:art determine the amuunt of Ihe monthly paymcnt ehat would be sufficient to repay the
<br /> unpaid�siatipal that.�am eatTer.sed to owe at the Change Datc in full on thc�maturi�y date at my nevr interest rate in ,:� '
<br /> substantially cqual pa}mcnts. The rasult of this catcuFatian will be thc new amuune of my rct�nthly pa}ment. �
<br /> . �DI Limits on Interes� Rste Chan�es � ;.
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<br /> � j ' The interes�rate 1 am rcquircd to�y at Ihe fi�st Ch�nge Datc will not be Frcatcr than...10.50, . �- -:
<br /> ..........h or Icss than �
<br /> ' • Thereafter.my intcre4t rate will ncver bc increased or decrcascd on any singfc Change Datc by morc � '��
<br /> ,.........Sfl..........':•.
<br /> ;. than tao perccn�age points(2.0'�) from the rate ot in�crest i havc becn paying Por the prcccding twelve months. �1y� � '���-:
<br /> intcrest r3te will rr��sr be greater than ......�.3,��4...^/�. �•
<br /> �.E1 EHectue lZ�ate of Chsn�es
<br /> • , . t,fu a�+w interes�rate wit!be�:ome eRective on oach Change Pate. I wiU pay�he amount of my new rnonthty pa}ment '
<br /> � beg+r.nicg on the firs�munthIy�;ty�ent date�ltcr�he Changc Uau umil tiu amount of my monthly payment changes �
<br /> (: again. � , �..
<br /> ' �•. �Fi Notice at`C`tr.aeges � '
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<br /> , 7he.�lote 11uT�Yc'r wilf deliver or m:�il�o me a nutice of:�ny changes in my imerest r.uc and the amoum of my mnmQk
<br /> , � payment Ccfore the eRectir�e date oidny change. The natzce wiil inciude intormation teyuired by law ta be��:�a mt aad
<br /> also the title aad �elephunc numbcr of a person w�ho wrli answcr any yucstion 1 �nay have rcga�ding the rut�FC.
<br /> A. TRANSFER OF TIIE PROPEItTY Ott A B�NEFICIAL lh"tERFST!N BORROkElt
<br /> l'n�form CuYenant 17 n/the Securi�y Insttument is amcndcd tu rc•rd as tollows:
<br /> � � � Tnroter ot the P�operly or�Beneficial laterect in Uorrower. tf all or aay part of the Property ur any interest�n q is
<br /> �rld ur Ir�nsferred Ior if a braefic��l intrtest �n Dotruwer ic�uld e�r innsfetred and I3orrawer is not a natur�l per�on) ,� ; ---
<br /> w��hout l.ender'c pnor wr�uen conseot.Lcnder may,at its optivn.reyuire imnTCdiate paymene in ful)otatl sums securcd �
<br /> by�h�s Securm Insirumcnt. 11r��ever,th�s opuon shali nu�be c�erc�sed by{.endcr itcxercise u proh�b��ed by feder�l IaN � _
<br /> s���f ths�date of ehis 5ccurita lnstrumrnt. Lender alsu shall n�t cxcrcise �h�s uption �t: (a) gorrowcr causes w be �
<br /> submuttd to Lender intormation reyuired by I.cnder tu cvaluatc the intended transfcree�s�f a new luaa were brin�t madc • ' �
<br /> -- �o ehr u�n�fe�ec: aar! ta3 l.esukr rras�vnably deter�r�iacs that �err�cr's secun�y wili no� bc impaired by the ivan . � � � -
<br /> assumption and that th� risk ot a brca�h ot anp covena�t ur agreemet�t in this 5ecurity Instrument is acceptabfe�o
<br /> � , Lsnder.
<br /> , , t�.
<br /> '•ih�h�dr< f��urc ac,�ilahlc ac OI thc Qat�tltr initi.�l inlrrcr�t:nr u:t.tlrlcrmmc�! ►��r It�i�lnan«:t� .,K.•n5.......... "�� M
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<br /> _ .. Y�TI$tATE AD:U�1AOlE RAtE R;p�R-..4RM 5-7—',,;�:..•,,,..,.....renn,��a�.irdQd���at Ur.,tUrm 1nitiumanl iorm 31 t t ) BS �
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