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<br /> ADJiJSTABLE R�1TE R1DER ��.10352�
<br /> (1 YtatTrtaau�yinde�•R��cCaps)
<br /> TtiISADli1S7'Ai1LE RAT�RipERiztttadeihis 11 �y�,F _� June ._, 14��.
<br /> � aod i�c Incorjwrated into and th�ll b�dcen�! ��u�n�rrNl �nd tuppierne�t �he Mon�e, Deed ot Trust, w Security Dad (the •,Sccurity
<br /> ieuEiunx�!")O�t�10 SRft10 MtCEIr'iR ay!A!pttisli3l�tlM(iht"Borroxrs")c�cccu;c flc��oucr's Adjustabk�tatc N�t�(thc"Ncste")ta t�,ME
<br /> l��ML iAY1N0� i LQ�f ,AS�OCI�,T10N OF GMND 131.AN6 NE011ASKA�thc "LenQer")of�hc s�mc date and cotetiry ihe
<br /> proQcrry dacdbed ie the SecuritY instrument�nd lac�tcd�t: ,
<br /> 313�► 8re�twood 81vd� Gra�d Island. Ne
<br /> � IPtonettY Addrtss)
<br /> i 7'lli� Mle eMW��otWMS MIONIq fOr tM�l1 i• 111] (�1tfRS1 fl11e �1111 Il�y 111o�11Afy
<br /> � Mywe�h.7'Mb�ote dw N�tb 1�e��er�t�y I.�ensi nu ca•eMa.�e��:Rr o.e nMe•N
<br /> , �iN/IN�h�MMO�tN tMe wutit�r�rnk 1��I py.
<br /> ADDI'TlONAi.COVBNAN7'S.In idditic�to the ca��enants and�grcrment�c made in the Securit� 4s�.'�trument.Borrower arid Lender
<br /> runher covrnaet ana 4ree�s ralow�:
<br /> ' . A. INfERi147'RA'�E AND MON7HLY�AIi�NT HANGFS
<br /> The Note provida fa a�n iNti�l inttrat rate of 8•7� •'s.Section s�i�he Note providea for chanres in�he inte�at rate�c►�cil the
<br /> ; moMhiy p�ymeets,as follows:
<br /> � 4. tM�R�'ST RAT�ANO MOV7HL Y PA YAIF.•YT CN.4n���4:S
<br /> � (A► CY�e QMu
<br /> ! t�'t'qeVn�iereat rste C aill pay may ch�►n�e on the first day of .__?ul y 1 � �. .19 91`.,and on[hat d�y e��ery
<br /> �L month�ihere�(ter.I:�ch date on which mv interect ratecould chanae is calied a"Changr Date."
<br /> t�i 7Me I�Its
<br /> �inninl with ths Grst Chsnst Chte.my interest racc wiU be bassd on an tndes.7�hr•'Index"�s ahc w�celly s�•craje y�:e3.i on Ueittd St�tes
<br /> Ttpwury�ecurities�justed ta a canxtant muurity ai t ytar,ae macic a.ailat�._hv�hc Fcderpl Rcsm•e tioard. Tht most rerent fndet E'u�ure
<br /> � av�flabk u of tht date 4]days hefocee�ch Chan�e U�te i�calleQ the"('urrcn�Ir�Qe�."
<br /> , !f the Index is no lon�er p�•�ilabte, tAe Note Hulder w�U chuc�ce a nrw irWex which�c batied u�n romparablc intexmation. 1Tx'bte • .
<br /> Holder wiil�ive dk nolice of tAls ch�ioe. : .
<br /> --- . . - Q� .�"" 'y�'�� - - - - '--
<br /> two and onel��alf ; �°
<br /> Betore ach Chan�e Date,�he Note Hdder will calculate my ncv`�nteses�raie by aQcling ___..__..._ .�__._.�_._.._.._..percentate .;.-
<br /> 1 ' —'-
<br /> • � pdnb(?•S��►to�he Currcm InQex and roundina to the ntue�i!�Rth oP 1�i, sub�ect ta tiae limits�tatec!in Sectioo qQl helow. �
<br /> Tfil��wndM�mount wiil be my new ineertst r�te umil�tu nc��Cha�y�c pa►c. ;--�
<br /> 'fhe Note Holder wil!then determine the amount of tAe manthly pa}ment that w��utd hc sutfie�cnt to rcpay�n tull ihc princiM! 1 am
<br /> eapeCled to awe on that Chlinse D�te In substaotially equal�wyments by�he rnuuriiy datc at my�new interest rate.The rault of Chi�cakuiation -
<br /> will be the new anwunt of my montbty payment.
<br /> ' ID) li�iM M t�lennt RNe CM� -
<br /> 6 ?� intrrcsi ratr 1 �m requ�red to paa at thc (irst l hange I)atr w�il nnt he grcater ihan ._'�.0��� _.. __ '"� nt itss than
<br /> —�' -�--- 'Ki.Therafter,my intere.rt nte w��li ne�cr!x in.rca�eJ ur.tz�rc��cd on anr.�ngle C"hznge Uatr by more than f WO DBTC@f�t
<br /> «'�� frcxn the qte of int�rest I ha�e heen p�y�ng fot thc prc�cd�ns�aael�c montht Ch�yi.��um�n:rre.e rate on this loan w��il ne•er bc
<br /> ks�Ihan 6•75 !'i�t�dthtmuimunz intcresl rate w�ll ne�cr he Evez�cr�han 3 •i
<br /> (EI Eftadre D�a nf C�.�a
<br /> ` My new interest rateKdi becomeeflcc�i�-�on ra.h t���an�rr I)aie.Iµ�tt r�y �t�c amoum��f m� �eN mcmthly pzpmrr.'h�rn�nnsng on the fint
<br /> monthly p�yment datt aRtt cheCh�n�e l�te une�t the amount e�i'my rnnmhly pa<.��rnt�•l�:,nge+acain.
<br /> IFl NWkr of C w�Z ;�,.,�
<br /> : 7'he IYoit Holdtr wdl m�il or d.-li�c�io c�e a not;cc hefwr cwt�l har.Fr Uasr I hc n,a�.r�ti�D a��re me uf
<br /> (ii the new interesl raic on my I�an as��f the t hange 11.etc, �`
<br /> !ii) �htannountufm;mnnih{}pay:nrntfc�IloMingUicth�ngcl�e+e.
<br /> (iii) any additionalmatters whuh thr hotc Huidcr�s u:��unc:f��+.;,,.:.�:_:_:,�nJ
<br /> (IV� theaddressoithez�csncias�un�.�u��:�iridcuma.�reyatd�iusm�;�c�::c�ri��bra�iitErad�u>.c:-r^.tr.��u.c
<br /> - i. €'iiARi.F:�,:I.ik�s
<br /> , �.'nifc�cm Co�enum 4 of the 5ecunty 1nYirumGm��zmende.i tu rec�s�talluu�.
<br /> 1. CAtr�es;Lftlri.Eic+rroxcr ch�li�ay all[a�es,;�c.e�smcn�s,an�i��iL•e���iacgr.. tinr+..�r.�e;ip��•-�unn�a�tut+aiarilc�o thc F'roperty whi,h rnay
<br /> aEtain a pnotityover ii�isSerunty inccrumro�,and Ica+rha�it�p::�n'ient�olµn+un�t rcne.,it nn�,r;�tt�e mattnct prrn.cleJ under p:uagraph�hercut
<br /> or,�f��o!paid in such manncr,hy�3c�rrvNer msking�uyn�rn�.u?�r�i�ur.�1��c�4� t��i�c�;�.r: �hcrei�[.Etors��µrr tihall pc��rnptly f urn�+h I cndcr
<br /> all noucey ot�:un�unts due undcr th�ti�+��,t�taph,ar�d ir tht esr^° It�•riu,.rr .I�a�l n�.�Ae p.�ti'n;tut d�rat{�, tiurri,wcr �h�il prarn�+ily furnish t��
<br /> i.ender recei�ts e;�dencing such {wyment,. B�•rrowcc .li.iiS p�o�n<<titi Jr.:tiar�:e ai�y I�e�� .�h�.i� ha� rn��r.ty ntL•r ahiti Set'urlty (nctrutncn�,
<br /> howe�Yr, Iiorrowtr .hall twt be re.yuuctil ti�d,•.._�:.sige 1UL �u.h i�cu .,� t.•t,l,:� H:+erv«cr t.il �h�if atr�:• :n ar:��n�t tn the p.►yment „1 die
<br /> oUGgation srcured b��uch hen in�he manieet ac.cFtc�h;r ta 1 ri�drr,ih�.halt �ng��:�1 i:�itti��ane.�.��h I�err ny,��r�efe��d again�t erif<�nemem uf
<br /> such(iCn in,legal proc:eedings Nhi,t�;n tt�c opin,���i of 1 ender��;�c�n�c tn�rc.em•hr riitc�r�rn:ent+n the f�:����r fi�T Sciwre cit the Prunert���r any � '"
<br /> patt thttevf:O�(L')SBil�I Sf6UTC f�l`.':I lI1C T1pI�.CC ut ���h hen an av�rc!:�e�ct in •� t�,:n� ,ahs�a..luo� tu !c��:ic� tiuhurJir.a�ing tiu:h I�en u: Ihiti
<br /> Securily Imtrument.
<br /> i4'l.ender detesm�ne5 thai all or any par� c•f the 1'n�pei�y r, .uh�c�� tc,a!scn uIt1CIi ib::� d[la�n a ��nrret4 n�cr ;h�s ti:iai�ty Intiirw:ient,
<br /> l.snder shall gi�e lborroKer a not�:e i�rnt:ty�ng�u:h i�tn Norruwc•i �liall ti.slntv ~u;h I�cn<<r tuke�me .�r ni��rt��f thr a,ni+n. �,•t fut�h a3�otc
<br /> wilhi�ten days of the���•ing of Ihe nc,tic�e.
<br /> �
<br /> � (:. �ft"Ilft:
<br /> _ l:wtormCo�•enant IQ uf thc�ctunt� lustr�mcnt�.amcndcd a�ie�J.s�f��llu��� c<i
<br /> U. Noiicr.FK�c�t(c�r any n�,li.crryuned undrr ap�+l�..ah!c I:�,s i„tx cn.cn tqd�tulL'Ct �q.li��.:!.�d�.u�. 1oi4�.� •�� �S,qt��.�c: �v��.�.:i�l!.�r �;��fn ���
<br /> SCCUtIIy�t1sltUllltttt��l:l��hC E;:tCtl h� (lflltil'flllF�1!i't hy tli.11llf;}•II i�� 1lS�t�I.l .IP.•;I1.�����t7��«�T;f�lt:;'�'•,.(•,fl�. \ ' 1tl ...�.tt ..�. . . ..t.�l.�tl
<br /> ati fie��ru�.rr rnay �1r,��•.a;de tn nuli.e lo I ri,der .��p��•.�,:cJ h•.•��i;,.en,l ii�r ,�u. �.�,.�.r !,• I�• .fer .�n t•: .�..•n i�. +,� � � • _. . .. I•.�:.::• `a
<br /> cttldte;.�tu1rP ub�cin ni Ii��•.,-_n��Ihcr,�d_1tc.,a�1 cnJcr i�,.�. Jc•i�:i:�t� !, i ..c •It. t� ..��' • {• .I:,:',. . , . • � . � .
<br /> Sc.utit� lu.�rumcirt�.h.illbc_l�cua.l tuii.�ti� n�;:�� ., � .•It �n .,..i � I: . i� ,. �� . . � • . ... . . ., � i • ..
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