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<br /> ADJUSTABL.E RATE ItiDER
<br /> . (1 Yewr T�e*surY i�x—R�te Caps) �0---10 3'7 4 �
<br /> Ti. ev n •n rn♦ Cea1 C6 ' �
<br /> �i� h�3U�Tr.o�.w �n�'.:r.�..►. :�:�:�� shi: ....... ?r_s; of ..........:?�p.......................... !o cn... ..sad i;
<br /> �" incerporated into and shdl be deemed to ameod and supplement the Mortg�ge, Deed of Trust or Security Deed (the
<br /> � "Security lnstsumtnt")af the same date givr,n by Ihe undecsigned (the"8orrower"� eo sesure Borrower's Adjustable
<br /> �
<br /> R�te Note (the"'Nate") to..,.,Norwgst„Basik„Nebraeka�„Na�,�;onal„t�s�Qc��,t�o�,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
<br /> ..............................................................................(the"Lender")of the same date and eovcrieg�hc propony dueribed in �
<br /> the Securicy Instrument�nd located at:
<br /> � ....:................4337,W.,,caRit��,Avenu��..Grand.,Island.�..NE„6880�.................................................................
<br /> ; .............. ..... ........ .............. .... .... .. ... ... ..... .
<br /> � �Property llddress�
<br /> THE NOTE CONTAIid$PHOVISIONS ALL�WING FOR CNAN�ES IN THE INTEREST R!Tc
<br /> /1N� THE MONTHLY�PAYMENT. THE NOTE LIMITS THE AMAUNT THE BORROWER•S
<br /> INTEHEST RATE CAN CHAt�K3E AT ANY ONE TIME AND THE MAXIMUM RATE THE 60R-
<br /> ROWER MUST PAY.
<br /> i
<br /> I ADOITIONAL COVENANTS. 1n addilion to iht covenants and agreements made in the Securily Instrume�t,Borrower
<br /> , � and Lender further covenaot and ia�ee as follows:
<br /> A. fM'EREST RATE AND MONTHLY PAYMENT CHANGES
<br /> The Note providcs for an initial interest rate of..8►.SQ......9F. The Note providcs for chanaes in�he inte�est r�te and the
<br /> monthlr payments,as follows: ' �
<br /> ; 1. lNTEREST RATE AND MONTHLY PAYMENT C'HANCFS
<br /> � (A) Chan�e D�tes
<br /> The intetest rate 1 will pay mty change on the first day of......,1uly................................ 19.91.....and on th�t day
<br /> evety 12th month therea!'ter. Eich date o� whieh my interut rate coutd change is called a"Ch�o�e Date."
<br /> �8) Tl�e i�dex
<br /> � Beginniei with the 6rst Change Date� my inte�est rate will be based on an Indtx. The "tndex" is the weekly ''
<br /> ? sven�e yield on United States Treasury securitia adjusted to a constant matu�ity of 1 year.�s m�de�vail�bte b�the ,
<br /> Federal Reserve Ba�rd. The most rccent Index fiau�e available as of the date 45 days before each Ch�o=e Date is ufted ,�;
<br /> ' thc"Currcn� Indr�.'°••
<br /> ;.:.:,,;�
<br /> �f the Index i� no longer available. the Note Hofder wili cDoose a new index which is based upon com�rabte ---
<br /> - - ' inTo�miiian: The N6te HeiBtr �iii give me rto�ice ai�nis crioice. -' _ �
<br /> .� --
<br /> . 1C1 Cakutatks oi Chs��es �
<br /> � Before each Chaase Date. the Note Holder will calculate my new imerest rate by adding .,,Two„and„one,.,,,, `
<br /> ,_,_,.;,t�alf,,,,,,,,,,,,,,,,,, �ratn�aae points (........�r.5496) tc the Current Index. The Note Holder wit!then round ihe ��
<br /> raul�of thi:addition to the nearut one•eighth of one ptrcentage point (0.12596?. Subject to the iimits sia[ed in Section '
<br /> �(D) below. this rou�ded amount will be my new inte�est ��te until the ne�t Change Date. �
<br /> The Note Hoider will then det,ermine the�mount oE tA�cnonthly payment that would be sufficient to repay the .�
<br /> unp�id prineip�l ehac 1 am expected to owe at the Change Datc in full an �he maturity due at my naw interest raie in
<br /> . ± sabstantia{ly equai payments. The result of this catculation will ba thc new amount of my montht�payment.
<br /> . rt
<br /> 1 D1 Li�its o�Interest Rue Chaa=a
<br /> The interat rate 1 am requi�ed to p��at the first Ch�nge Da�c will not be grcater tha�.....`1...�0...... ......`Xr or less�han
<br /> ,..7.50.,,,,�,, Thereafter.my intcres�rate will ncvcr bc incrca�cd or decrca�cd on any single Change Datc bv morc
<br /> thanone percentage points (Y.O� from the rate o�interese I have been p�ying for the preceding twtive months. My :.�
<br /> ° ioterat rate will �ever be gre�ter than 13,,5U,,,, �, ' �
<br /> '� (E) Elfati�e Date ot CMaa=a � .
<br /> ' My ncw intcres�r•rtc will bceomc cfTcctivc un rach Changc Oatc. I will pay thc amo�rtt of my new mon�hly paymcn�
<br /> be�innin�on the first montlsiy payment date aftcr thc Changc D�te umil tnc amaunt of my monthly payment chai�6es
<br /> a�sin.
<br /> , (Fy Notice of Chan=a
<br /> The iVote Holder will deliver or mail to me a notice of any changes in my interest rate and the amoun�of my monthly
<br /> psys�sstt be�'crt tht etTxtive datz of aay changc. �'hs n�t;cc wi41 include:nform�ti�n reGuirec�by 12w cp be given me and
<br /> also Ihe tide and telephone num�er of a persc�n who w�ll �nswcr �ny yucs�ion I �n�y have rcgar�ing thc not►cc.
<br /> 8. TRANSFER OF THE PROPERTY OR A BENEFiCtAL 1hTEREST IN BORROWER
<br /> Uniform Co�enant 17 �f the Security Instrument is arnended to read as follows� �
<br /> Trausfer o(tAe ProOerty or s&eeficial tnttresl in Borrower. If all or any part of the Property ar any intcrest�n�c is
<br /> sotd or tnnsferred (or if a benefic�al interest in �orrower ss sotd or transferrcd and Borrower is no� a n�turat person) �
<br /> without 4ender's prior written consen�, Lendcr may,at �ts aption.reyu�re�mmediate payment in full of all sums securcd �-_----
<br /> by this 5eeu�ity instrument. Nawever,th�s opt�on sh�ll not be exerc�sed by Lender rf exsrcise�s profi�b�ted�,y federal law '
<br /> as of �he date of this Security lnstrumeni. I.ender alxo shall nat cxeraic this o�tion �f: (a) 8orrower causes �o be
<br /> submitted ta Lender informat�on required by Lcnder to cvafua�e thc�n!endcd transfetee as if a ncw loan werc be�ng made
<br /> to the transfecee; and (b) Lender rtasonably determines that Lender's secunty w�11 not be �mpa�red by the loan
<br /> assumption ynd th�t the �isk of a breach oP any covenant or agr�emene in this Security lnsir�ment is acce�:table eo �
<br /> Lrnder. �
<br /> L_ �
<br /> •��'he Index f'igurc,�vailabie as�f tl�e date thc �n��iui int.ic�i r,itc ��,>> cictc�m�r.cc1 +ar �h�s I��n��.,u . �?�(�;� ,,. r"
<br /> . �
<br /> aorrow�r's it�iCiaiy �° =-� _ Co-Lo�ruwer's �nit�a2� �_� : ,•�
<br /> MUIT(Sl'ATE Ap:JSTA6IE RATf ��UER--�4►aM �/)-�.�t,e �.i�.�, cc,^+ : 65 �
<br /> ����.69L�'DISdIn�_'i
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