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<br /> � AQJUSTABLE RATE RIllER
<br /> . (1 Ye��Tn�snry Ind�x—R�te C�pi) 90- 10 412�
<br /> TH1S ADJUSTABLE EtATE RIDtiR is m�de this ..�.%�,11.. day oP.,........Jul�......................,,..,, i4 .90...,�nd is
<br /> --- inrdrpdr�ted into�nd shatl be damed ta amend and supplement the MartgAge, [�eed oi T�ust or Security Deed (!he
<br /> �, "Security Instrumcnt") ot the same date�iven by the undersianed (the "Botrower°') to secure Borrowe�'s Ad�usttble
<br /> R�te Note (the "Note") to..Norwest„Bank.,Nebraska.t..I3at,1onal..Asaociation.............................................
<br /> . .. . .. .........................
<br /> ..............................................................................(ehe"Lendes")of the same d�te and covering the prope�ty described in
<br /> the Sexutity Inrtrumznt and Ix�ted at:
<br /> 1.607 Sta�qecoach Road, Grand Tsland, Nebraeka 688Q1
<br /> ...................................................................................................,...................................,..........................,...............
<br /> � �P�oa��y�aa«ss�
<br /> � . THE NOTE CONTAINS PROVISiONS ALLOWING FOR CHANGES IN 7HE INTEREST FiATE
<br /> AND THE MONTHLY•P/1YMENT. THE NOTE LIMITS THE AMOUNT TNE BORROWER'S
<br /> ' INTEREST pJ1TE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR-
<br /> ROYYER MUST PAY. .
<br /> ' ADDITIONAL COVENANTS. lo addition ta the covenants aad agreemsnls mada in the Seeurity tastrument,Borrower
<br /> and �ender funher covena�t �nd agree as 1'olbws:
<br /> A. Il�?T��t�ST RATE AIdD!VIOM'1'HLY P4Y1�iENT CNANCFS
<br /> j The Note provida 1'0�an initial interest rate of....$•.�0....9F. The Note provides for changa in the interest nte and the
<br /> moethiy payments,as foltows: ' .
<br /> i 1. iNTERF.,ST RATE AND MONTHI,Y PAYMENT C'HANCES •
<br /> � . (�1 C6an=e D�tes
<br /> Thc interest rue 1 will pay may change on the firsc day of...Au�ust,,,,,,,,,,,,,, , ,,,,,� �g 91,,,,�and on thil day
<br /> every IZth month the�eafter. Fach date on which my interest rat�could change is called a "Ch�n=e Date."
<br /> 18) 'fbe I�dex
<br /> Be=i�niaj with the first Changc Date. my interest rate will be based on an Index. The "Index" is �he weekly � '
<br /> � aven�e yield on United States Tre�sury securitia adjuseed to a constant maturity of I ye�r,as made available by the �
<br /> ! Fedtr�l Reserve Bard. The mosr recent index 6au�e svailtble as of tAe date 4S days betore e�ch Chanje D�le is oalled . ti�
<br /> lhc"Currcnl indrx."•• , ''"-'
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<br /> {f the Index is no tangtr avsilab}e. the Note Holder wilt choose a new index which is based upon compar�bt� =
<br /> informatian. The Note Holder will give me notice of this choice. �-�-'
<br /> i (C) Gkulatlon of Chantes • `-:
<br /> i Before each Change Date. the Note Holder will calculate my new interest rate by adding .....�o„and one,,,,
<br /> half .........
<br /> I .................................... percentage,points (........��5496) to the Current Indea. The Note Hoider will then round�he �
<br /> � result of this addition co!he nearest one•eigheh of one percentage point (0.12596). Subject to the limits stated in Section �
<br /> 4(Dj beiaw. this rounded amount will be my new interest rate until the nezt Change Date.
<br /> Tht Note Holdea� will then delermine the amoant of the monehEy payment that would be sufficient to repay the
<br /> unpaid princip�l th�t [�m expected to owe at the Change Date in fu10 on the maturity date�t my oew interat rate in
<br /> ; substantially equal payments. The result ot this calculation will be the new amoun�of my monthly paymeet.
<br /> (D) l,.imits on Intertst Rate Chan�es
<br /> � The interest rate t am required to pay�t►he first Changc Datc will not be gre�ter than.....�,.54............�Rr or less than
<br /> ; � ..7.��4................96. Thereafter,my intcrest rate will ncvcr be incrc•rscd or decrc�scd on any single Change O�te by morc
<br /> ' thanone pere�ntage points (1.0?,1 from the rate of interest ! have been paying fot the preceding twelve months. Ny �'�`'
<br /> interest rate will never be greater than ...1,3..S.Q.......'k. `.�,_
<br /> (L) Etfectire Oate ot Chae�a ,
<br /> My ncw intc�es�ratc will bccomc�tTcctivc on cach Changc Datc. I wil!p�y thc amou nt of my ncw monthly paymcnt
<br /> : be:innin6 on ehe fint monthly payment date after the Changc Oatc un�it tlu amoun�ot my monthly paymeni changcs
<br /> . a��in.
<br /> . (F) Notice of Chanees
<br /> � The Tiote Hoider will deliver or maiT to me a notice of any changes in my interest rate and the amount of my monihfy
<br /> payment beCore the eflective date of any change. Thc noeicc will includc information required by law to be given me and
<br /> also the title and telephont numlxr of a person who will answcr �ny yucslion 1 �;��y h�ve rcgarding the noticc.
<br /> B. TRAN5FER OF'I'HE PROPEItTY OR A BENEFICIAL INTEREST IN BpRROWER
<br /> Uniform Covenant 17 of the Security Instrument is arnended to read as follows:
<br /> Transter of the Property or a Seneficial Interat in Borrower. if all or any part of the Property ur any interesc in�t is
<br /> sold or transferred (or if a bene6cial interest in Bortower is sold or transferred and Borrower is no� a nstura! person)
<br /> without Lender's pr+or written cor.sent.Lender may,at its opuon, reyuire immediate payment in lull of al!sums secured " T
<br /> by thisSecurity Instrument. However,lhiscr:con shall na�bc excrciscd by Lender if excrcise�sTrah�bi�ed b�fcdcral law
<br /> �s of tht date of this Security ic:strumcnt. [.cnder also shatl not exercise this option tif: (aj $orrower causes to be
<br /> submitted to Lender in�'ormation required by Lender toevaluate the intended transfcrecas if a r.ew loan were be�ng made —
<br /> to the sransferet: �nd (b) Lender reasonably decermires �hai Lender's secunty wi11 not bc impaired hy ihe loaa F -
<br /> assumption and that the risk of a breaeh of any eovenant or agreem�nt in this Security instrument is acceptable co �
<br /> L Lender.
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<br /> •�The Indcx figure avaitable as of thc datc thc ini�ial in�cresi r.�ic�.a� dc�c„n;nc•� io, !his !o�aa ,�:, ..... .�3.afi..... �o. ~'
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<br /> Borrower's initfal���'� ,� C;a-borrower's initials ��), ` ��.� ' �*
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<br /> M�lLTISTATE A0.'.US?AOLE HATE HIpER—hRM J�?-�.•�a�E G,��-_.� �orm 7 3S �
<br /> HC N2GOLrtOlJD�Iay�
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