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<br /> � DJUSTABI.E RATE RIDEI /� ?, �jr . � � -
<br /> (t Year TreaSU�y Indac-Itate Caps} 9V"'���D.i / 69.
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<br /> THYS ADJUSTABLH ItATE RIDER is made tlus 2n� day of apr i 1 ' ,199Q_,_., •
<br /> � and is irtcnrporated into aaa shaIl be damed ta amend and supplement the MortgagG Dad of Trust. os SecuricX Dad(che"Secarity , ,
<br /> tastrument'9 of the same dnu Biven by the undasigaed(ciie"Borrovrea")to secnre Borrowet's Adjns�able Rau Note(the••,Noto")w HOYE
<br /> FfDENAL SAYINtiS i LOAN ASSQCIATfON Of QflAND!SlAHD.NfBRASKA(the"l.cndar'7 of the same date and coveriaE shc
<br /> prQperty d�saibed in the Security Instrument and Iocat�!at: -
<br /> 22'i 1 Utest Lamar, Grand Island, NE 688E{3 �
<br /> � (Property Addrasl ' , ^ '
<br /> T�t�ote cwt�l�Proslsiaas aBawf�for clpla�es is my iihmt ate aad mY.mo�t�ty
<br /> ' . �ayse�is.Tits aote ftta Usits Uc�noaat my iYterat rste css c6s�se at s�y oae time nd
<br /> si�o tllc�i�uessd t!e�dsa�nte�m�cst p�y. '
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<br /> ADDITIONAL COYENRiVTS.In addition to the cov�nauts and agreements�cade in tne Security Iasmiment,Berrawer and Lender- ,, , �
<br /> . �fortdercovenaat and agte as foAows: . ,
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<br /> , A. � 1Ml'�'T RATE RND MONTHL�:�,A� :t�"�CMNGE� � ' ' _
<br /> - - 'ihe i�foee provF�for an icsitiat ustctrst ra��f �:'':;•�::� �.:�Ctirra 4 0€!h.e Plote provi�'�fnr chanpec in the intesss�r�:su��i:ae::. � .. _ � ;�
<br /> , : �au�thty�paymenu.as foQows: •- . t. <,. - . ���
<br /> , , ;,`.,,: . . .. , . �
<br /> , � 1, . /MEREST RATE AND MOMJf��"F��:4-fEw7'CHANGES.. � ' � - ` •
<br /> t�) CmsaeDna , ., . .
<br /> i " . , The interest rate i witl pay may change on Ghe fiis�.dap of j�mB- 1 ';,`• .�9—9a--��d on thatday everg . � � ,
<br /> , � � 17 monttis thereairer:Each date�^K:firch my interest ra[e cauld change is caAed a"Change Date." :
<br /> ` � (B) Tie Iede= :.: ,' • : '_ � . . .
<br /> . Be�nuing,with the iirst Change Da:iy�y iuterat rate wilt be bav�d on an IndEx.The"Index"i�'che weckly average yield a.w G!`�aited States
<br /> Tceasury secartties adlusted to a canstant maiiuity ef t year.as rra:�available by the Federal Res�ve Board.The most rec�.i�:adex figure
<br /> � :.�availabie as of the due 45 day's before each ChanSe Da=:is callal ct►e���urrer�t Index." -. � • _
<br /> L!the Inda�is ao tonger available.the Note Fial:c�a�'I)choose�new index which is based upon com�a:�.�informa6on.The Note ,
<br /> -Holder w71 give me nutla of this choice. ' . ' "
<br /> :.'�� •. � :. . . : �.:,, .. :r,: ;::'��';:; '
<br /> (� Cate�bido�otCtia�es '• :.;. .; ....:.:::::: :.. ' ---�
<br /> &fore eact►Change Date.the Note Nolder wiil catculate my new i7terest ra:���,�� ��O � C��r-f'�31�'', .. ' p���� ,�``:`r ,`��' . ,i`
<br /> � `•,.,,, ;,.��, `.f'••�f•� .
<br /> �oinu( Z•5 %)to the Cunent Index and rounding to the neacest 1!g"..e�-;,���'c,se:�ject to the limits s'aYed in Section 4(D)below. ',<!';',-;;',��::.',,`;•' : .
<br /> 'Ihis rounded amount wiU be my new interest rate until the neat Change Date. , ; • •
<br /> ' . ?he Note Holder wtp thep dUer�;:the amaune of the mant¢:,y payment that woutd be suf�cient to repay in full the pancipal I am � '`
<br /> � expected to owe on that Change Date ys sabstantialty a�ual payments 6y the maturity date at my new interest rate.The result of this calculatIon __
<br /> • ' wi11 be the new amount aE o�:;rnor..sly pa,inent. . � -
<br /> . . ._ . . •.... ' - - . . -_�:i�.�.�' �,��..:��'141'�°.;��_.
<br /> (D) Umibo�I�kre�li�tefba��,+ : . � , :,.': +:�;:;;!`;
<br /> 'i��taterest rate i am required va pay a[ ehe first Cha�3;: Date wiil not be greater than 14.00 �?G`qr fess than . �� ' ' '"�
<br /> ' 7.0 �_ ''�� ' t.
<br /> � ni.T6eteafter.my in_r�ss rate wiU never be increas�'�or decreased on any singte Chang�Date by more than �wp ,
<br /> ��'rom the rete of interest j have been paying for the preceding twelve months.'the min3mum interest rate on this loan will neve�be ' . ;
<br /> 2ess t1�an ?•00 %and the r�aaimum interest,rate wilt ncwer be greater s.r��� 14.�0 qp, �
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<br /> , (B) 'EKecUreDateofCha��es �. '' .
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<br /> My new interat rate will become et�'c::�:ve on each Ch�nge�J.wiit pay the amount of my-�:��nthty pay�snt begsr.�:ng on the Grs. . ' ; ; ,
<br /> ' monthty payment dace after the Change i�`.e until the amount of rr.;;��mhiy payment changes agar.z. ' • . �'� � '�a'`..
<br /> (� NoUoeotC6�Kcs � ' .�#'..
<br /> The Note Holder will mail or deliver to me a rc�:�e�''xe ea:h C�ange Date.'fhe noticc will advise mc of: �y;.
<br /> ! (i) the new intcrest rate on my laan as af:�e Cra.�e S�,r.cQ;, � �•
<br /> � (ii) the amount of my moac�[f paymer:�f�;iowi�g t::C�iss�:�e Date: • �
<br /> � (ii) any additional matters v'.*_;c:�t!:e!�:rr Holder is:e:,m.`r:d to disctose;and � '
<br /> (iv) the address oP thc ass�=ae��n yau ec�i;i sontact reg�;ding any questions about the adjustment l+.+:�:e. .
<br /> . ... .. ..9. . CHAttG�31.1ENS.--- - �---.... ..--- -._..._._ -- ---_._ . ...--�----...----�---� ---- ---. .. -�-�--�-�--------------.._ ... .........------��----�----_..... '. -- . . _ . . . ...
<br /> UNform Covenant 4 of the Security Insi:ument is amended to read ay follows:
<br /> . 1. Ci�;Ut�e.Bonower shall pay all taxes,assessments,and other charges,�nes.and impositians attributabte to the Property which may
<br /> . attain a priority over this 5rcurity Instrument,and teasehotd payments of ground reats,if any.in the manner provided t�nQer paragraph 2 hereot
<br /> , or,if nat paid in such mannet,by Bonower making payrtten�when dae,directly to the payee thereof:8orrower shail promptty furnish Lender
<br /> . aD notias of amounts due under this paragraph.and in the event Borrower shall make payment dircctly.Borrawer sha11 promDtty furni9h to
<br /> t.tn8er receipts evidencing such payments. Bonower shall promp�ly dischatge any lien which has priority over �hls 5ecu�ily Instrument;
<br /> howevet. Borrower shall not be required to discharge any such lien so long as Burrawer:(a�shall agree in tirriting to the payment of the
<br /> obligatian secured by sueh tien in the manner acceptablr tn t.ender,(b)shalt in goa��fai�h con[csc such lien by.or deiend against entorcement of _ __ _ ___
<br /> surh litn in,legai procecdings whirh in the upinion nf i.ender uperate to prevent�he cnforcement of the lien or forfeiture of the Property or any �
<br /> • pa»thereof;ar(c1 shall secure from the h�lder of�urh licn an agreement in a form satisfactory to Lender subnrdinuting s::.7(�en to this
<br /> ' 5ecurity Instrument. . �
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<br /> If Lenda determines ihat all or ciny part of the Property ix suhject t�a lien s�':ich may attain a priority ocer this Secutity Itutrument,
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<br /> � Lender sh�ll give Borrower a notice identifying such lien. Borrower shall saticfy such lien or take nne or morc of the actions set forth above �
<br /> wiihintendays otthe giving of thc natice, , �
<br /> LC. NdfICB •
<br /> UniPorm Co�•enant 14 n!Ihe 5e�urity Instrument i�amended to read as fotloa�s: d'
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<br /> li. Natke.�zcept for any notirc requircd undcr applic'sbie taw to 6e given m arw�hcr numncr,(a)any notcce to B�,rroucr pru�ie3cd it�►in thi� ��
<br /> Sccuriry lnsuumen[SFL,11 be gik�n by dclivci�agii ur by inuil�»g ii by li1.iL C�:L4�(lj3ll LE7 ISUIIC�NCI:15(I1C�1G4)C[L4':7tIl�LL`�S 6�J:fl SLLCI)!]IIICt ii(I(IfCSS
<br /> ss ftarrrrv�et may ds�igrtate isy n�t�ce t��I`rrrdrr a�prc�rided imrein.an�i Iht an�R�iste Ro E ertder:i:ai;fim�c�er:i�trrst ei�.�maii tn i crtef�r'c F. „ -
<br /> addreas stated herein�t�li�such utt;cr addr�ss aa I.cnttcr Fnav dc��qriate!rv nutice to i3ormwcr a:��TP'.'IiIC.f FICICIII •1{IV I���tr:�•��ra�ufc�i Ior m th�s
<br />- 9ecunly Tnstru:nenl chbU t+r deem:d tu(�a�c hrcir.F:�vrn tu tie�rr��µc<<�r t c�tdc��chen cncn uF tkie mannrr dc:��n�tccl hrrcn�
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