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<br /> FHA MULTI�'t'A'I'� ADJUSTAHI.E RATE RIDER
<br /> �. _ TH1S Ap]USTABLB RA78 RID�R it m�de thi� 3rd � day ot
<br /> Aor i 0 , 19 `� .�nd i� ir}oorponted inta�nd shal! be de�ea�ed w am�md aad a�ppla�t
<br /> the MonpAe.UoM of T�ust or Socurity Q�ed("Security Inattument")of the a�me daro=iven by 1he underti=ned(„gpm►vwer•,)
<br /> a savro Barrower's ,�fuic' (••�taia••)iiw
<br /> Cf1LUM�t1S FEDERHL SAVINGS BANK
<br /> (the ••Lenckr••)of tha wne d�e and ooverins the property dacribed in the Securiry Intrumait�ed bc�wd u:
<br /> 4363 WEST CAP1TAl AVEMIE
<br /> 6FtAtrD 1SLAND. NE 68803
<br /> (i'ro�ertY Addrcss)
<br /> THE N07E CONTAINS P�tOV1S10NS AI.WWII�1G F01t CHANCFS 1N THB lI�T18RE.ST RA1E
<br /> ATVb TNE MOM'!!LY PAYMENT. 7HE NO►IE LiA�'i�'1� M�lOIIM'77�E sURROWF.R'S �
<br /> D�7E��T RA�'E CAN CHANGE AT ANY ONE 7'�1+� AND THS NlAXIMtJM RATE 7!�
<br /> BURROWFR MUST Pl1Y.
<br /> ADD17'IONAL GOVENAMi'S. In addition to the covenanb and agramrnb m�de in the Security Inatrument. Borravv�r
<br /> and L,ender Pohher coven�nt ud ag�x aa followa:
<br /> 1. Under the rTote. the ini�ia�statod interest ntc of
<br /> Ei4ht and One-Nalf ���
<br /> ( 8.5000 '�)
<br /> per�nnum(••inet�!Intercst Rate••,,)on the unpaid p�incip�l b�lmoe i�subject to ch�nge.as hereiMfter deacribed.When •
<br /> the intercst rate dangea.the a�ual monthly insulimenla of principtl�nd interat al�o will be adjusted,u lxrcin�fter provid•
<br /> ed. so th�t each installment wilt be in an amount necessary to fulty artiortir�e the unpaid princiql bal�nce of the Note, at
<br /> the ne��� adjusted intercst nte;�ver the rcrru�inins tem� of�he Note. �
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<br /> 2. The flrat sdjuroma�t to the intereat rate (if any sdjustment i� requirod)will be eftective on the first day of •'
<br /> 1''—-
<br /> JU 1 Y . !g 91 (which d�ta wUl not be Ies�thm twelve mond�nor more th�n eishteen . .
<br /> ri.�� i�vm u�c aue daic oi ina i�rsi intw'r'm�n�ymem unoer me 'rfiaei.ano ti�erwfcer acb adjusanet�t ta me intesest --
<br /> rate will be m�de effeaivt on that d�y of ach succading year during the tertn of the Socuriry InswmeM("C}�aage D�te"). _-
<br /> 3. Each djustmem w tho interest rata will 6e rtiadc besed upon the folbwing method of emMoyina the wakly aversge yield -
<br /> at Unitod States Treawry Secarities adjuctod co a consunt maturiry of one year(••lndex"; �he Index is publiahod in the
<br /> Fed�rol Resem Bnllettn ud made avail�ble by thc United States 7'rcasut�Department in Stat�stical Release H.IS(519)). =
<br /> � As of each G7�angt D�te. it wit�bc dctarminod whcthcr a�r not an interost rate�djuatment nwst be made, and the amount
<br /> � of the new adjusteA interest nte. if any.a,s tollows:
<br /> (a}'j'Erc amount of the Indea will6e detertninod.using the most rcandy�vailable figure.�hirty(30)daya brfcxe t!x Cinnge
<br /> bue ("Curreni Indea").
<br /> rop T� ?.OD00 percentaga poinu Y
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<br /> tlte"Mugin")will bc added to thc Current Index ar.d thc sum of tt�is addition will be roundai to the nearest oaetightt� ` ,��`
<br /> of oru percentage point(0 t2596).The rvundad sum,of the Margin plus the Currer�c tndea.will be callod the'•Calcul�ted
<br /> Interest Rate" for each Change Datc. ,
<br /> (c)The Caleulaoad fntercs�Rate will be campared to the inteiest rate beu�g eartxxi immediately pcUer lo the cunent Change
<br /> D�te (such iruxrest nte being cal�ed the "Existing [nterest Wte"1• 7'1xn. the new adjusted inurest nte. if any, will
<br /> � be dcterminai as foltows:
<br /> f}} !f the Catcul�tod Interest Rate is the same as th�t�xcstiag,tc�.urest Rate. the interest nte wilt not ch�nge.
<br /> (ii) If th►ditfttr�x b�ween the C.�lrul�t� I�trress Patc assd rha Ex'ssung interesi Rr�te is ies9 tlwn c,r equsf to one
<br /> percentage point, the new adjusted interest rate wili be oq�al to the Calcv.Ia�rd lnterat Rate(subject ro the rtwx-
<br /> imum al�owabit cfunge over tlx terni of the Security instrument of ftve percentage points,in either direcdon.from
<br /> the lnitial Interest [tate, herein callod the •'S96 Cap").
<br /> � (iii) If the Calcutated Intetest Rate eaooed�the Existing fntcrest Rete by morc thar�one peraentsge point,the new adjusted � �
<br /> , interest�ate will be oqual to one percrnuge point higher than�he Existing Inttrest Rate (subjxt to the S96 Cap).
<br />: ' (iv) IP the Caicalatod lnterest Qtate is less than the Existing interESt Rate by more than one percentage point, the new
<br /> adjustod intertst rate wil!bc cqaa!to one perctntage point less ttw�the F.�isting.lntenu Rite(subjxt to�he S�Gp).
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<br /> � ' . (d)Notwithstandisg ttnything containecl in this Adjustable Rate Itider, in no event will ony new adjustod interest rate be
<br /> a , nwre thin five perantage(S�)points higher or lower thu�the initi�l Intercst R�te. If any increase or dccrcase in thr ��
<br /> � Existing Inteiess R,�te would cauce the new adjustcA interest nte:o ezcced the 596 Cap, the new edjusted intsrest rate �
<br /> , wil)be limited to fave percentage 154'01 pom�s hightr os lower, whichever is epplicaole, thu� the Initi�l Intertst Rete.
<br /> To Itn�rJrr W;nr(,a:t �,nat ltti�C::i.;ro f�tms I�r: �
<br /> Fam 6�(a90y? ����+w�o�s�ei?+��e� �Lxa�;n isa�r c����,,e,r�����•
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