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<br /> � AI),IUSTABLE 1tATE RILIER 90---�,Q��i i�i"
<br /> • p Year Treuury 1tKita-RAtc Gps) w
<br /> . � TNlS AQJUSTA8L8 RATE RlDF.R Is m�de this _ �6 day of �uly �l9�IQ_.�
<br /> � rwA ia �wiwtiv�Nrl 1M��wrl�Mll M�Mwwn?I tn a�wwl wwrl t��eraralnnrtlt �h�M�+r(�K. il!!'�; Of �•►� iK�'t!!�!Y �'�'i (tl!� "�.CL'�L!}:�
<br /> [s�tru�nt")M tl�ame d�te sivee!►Y the ueder+ip�i+d tthe"Ha�rarra")t4 sscure Hosterra's AdJustabk Rate Nate(ehe"Nase"1 tQ!lOYE
<br /> ElQL'ML SAYINOi a LOAN AMOCIATION OF OMND 13lAND. NE6RASKA(the"Lender")of the same d�te snd coverlt�{the
<br /> popefty d�Nbed!n tha Securicy lrouumeat aAd{oated a1:
<br /> � 2121 William, Grand Isla�d, Nebraska
<br /> ; (Property Addras)
<br /> •` 7'Yi� Nle c«Nair �Y� �Mwi� tK el�� i� �y i�Mn�t nle ui � �Ny
<br /> �� Mi��M.7'Mit NN MN IWb Ue a��l�i i�teral nk caa c�s�e�It aq o�e Hr1e ati
<br /> .re 1re.idr..w aro..xin.■nte�.ra p.
<br /> l .
<br /> � ADDiTIONAI.COVBNANTS.ln addiGon to the mvenants and
<br /> s�reements made in the Secudty Instrumeat,Borrc+Mer and Leader
<br /> ' llutlw[ou+raacit and�ree sf foliowr.
<br /> A. lM��AT�ATB AND MON?HLY lAYM�NT�ANGFS
<br /> ; The Note pro+ridn for sn idWl interat rata af ��•�' �.SecHon 4 of the Note provides for chan�a in the interat race and the
<br /> . � , moathlY PsY�ts�as follorve:
<br /> �. IM�REST RA?E AND MONTHLY PAYMENT CNANGES -
<br /> (A) Ct�e D�Ie
<br /> , TTUee iriterat nte 1 wW py auy chan�e an the first day of Auclust �19 91 .and on tha't day every
<br /> , ������yp months therafter.Each date on whlch my interat rate could chanae is called a"ChanQe Date."
<br /> (f1 'l�e IYr�
<br /> i �ianinj�vith the first Ch�nte Uate.my intaest rate witl be b�.ud on an Indea.TY�e•'Index"is the wakly avera�e yletd on United States
<br /> � 'IYeatury savritks sdjwted to a consunt m�tudty of 1 yar,as made available by the Federal Reserve Boud.The most recent Index fi�we
<br /> � avail�bk as of the date 4S dsys befae ach Chanae Date is called the"Cunent lndex.°
<br /> It the Index i�no lonaer available. the Note Holder wiq choose a new indtx which is based upon coc.rparable informatlon.The Note
<br /> , Holder wiU�ive me notice of this choia: '
<br /> —� - .sw. .n..�...�..w..�..anw.,...r _
<br /> z....— - .--- -a.�r .�.�.�....��....�. .-.. _ . ,
<br /> ' Hetore each C."haeye Date.the Note Hoider wi11 calculate my new interat rate by addin; three and one�h�I� p���� ;�- '
<br /> , �_ _
<br /> � ��� 3.5 �)to the(.'urrmt imta�and roundin=to the nearest!/8th of!7i.subject to the limits statrd in Section 4(D)below. •
<br /> 'll�is eounded�mount woitt be my new Intvest rate unNl the next Change Date. fi•
<br /> The Note Holder will tfxn determitse the amount of the monthly payment that would be suf�cient to repay in full the princlpal I un �
<br /> . ; expected ta o�re on t�t Chanje Date in substaatially equal payments by the matuNty date at my new interest rate.The resutt�this cakuladon ,
<br /> � will be the new amouet of my monthlY payment• .
<br /> � (U) I1�ib w INa+est Rale(�Kes
<br /> �mterat rau 1 am required to pay at the first Change Date will noc be geater than Z 3,.5 �Ti or teu than
<br /> "•". �li.Ttxtdfier.tr,y interest rate wiA never be increuod or d�crcaud on any single Change Date by more than two pereent
<br /> �,�,from the rate of intetat t fiave been paying for the praxding twelve months.The minimum interat rate on this loan witl never be
<br /> � • !as than q-n �!'�and the ttcuimum interest rate will ne�•er be greater than 3fi..Q, ni. �
<br /> �
<br /> f (E) EttecN�e DMe of CJaa�ea
<br /> i My new interat r�ce wW become ePfective on each Ghange Date.l will pay cke amount of my new monthly payment beginning on the first
<br /> monthly p�ya►ent date after tl►e Chan:e Date until the amount of my monthly pa�mtent chtnges again. �
<br /> (F) Netke otG�a �
<br /> The Note Holder�eill mail or deliver to me a notice before each Change Uate.The noiice will advise me of: —
<br /> (i) the n�ew interat rate on my loan as of the Change Date; -'
<br /> (ii) the iunount of my monthly payment foUowing the Change Date; . �
<br /> • (iii) any sdditiona!matters yvhich the Note Holder is rep4ired to disclose:and
<br /> �iv) the addraa of the aswciatioa you could contact regarding any questions abaut the adjustment notia.
<br /> - i. C�3ARGE�:LIE��
<br /> � Uaiform Covenant 4 of�Ae Security Instrumrnt is amended to rqd as foilows:
<br /> , 1. C�r�es;IJer.Borrower shall pay all taxcs,assessmtnts,and othet charges.fines,and impositions attributable to the Propertg which may
<br /> attain a priority over this Security Instrument,and leasehold payments of gtound rents,if any,�n the manner provided under pazagraph 2 hereof
<br /> or,it not paid in such manner,by Borrower making payment,when due,dirceily to�he payee thereof.K�orrow•er shall promptly furnish Lender
<br /> iJl natioes of amounts due undtr this paragraph,and in the rvent Borrower shi11 mafce payment directly, Bonower shall promptly furnish to
<br /> L�kr receipts evidencina sueh payments. Borrower shaU promptly discharge any lian which has prioriry over this Security tnstrument;
<br /> howovet. Batrav►er shalt nM be required !o discharge any such lien so long as Borrower: (a)shall agree in wri�ing to the payment of the
<br /> obliaation secured by such titn ir,the manner acaptable to Lender;(b)shall in goc,d faith eontest such lien by,or defend against enforcement of �____
<br /> such lim in,leaal proceedings which in the opinion of Lender operate ta prevent the enforcement af thc lien or forfeiturc o!the Property or any .
<br /> � part thereof;or(c)shall securr from the holder of such lien an agreement in a form sansfactary to Lender subardinating wch lien to this
<br /> Secatity Instrumtnt.
<br /> If Lender decermines that all or any part of the f'roperty is sublect to a tienµhich may at�ain a psionty o�er th�s Security Instrument, .
<br /> Lender shall give Borrower a notice ideutifyirLs,such lien. F�orrouer shall sat�sfy such hen or take one or more of thr acUcns set fQr�h abovt
<br /> within ten d�ys of the giving of the notice. ��
<br /> Lf;. !YO'I't(E ��
<br /> linifor►n Co�enant 14 al ihe Se:urit�In¢tr_�ment ic�mrndsd tn read��fn11nA� �
<br /> ' ��
<br /> 14. tioUce.Exccpt Por any�iouce rcqwrcd undrr api Lcahle laa tn he gnen�n sn�,ther rr:anner.i:�1 an� i��,'�.c rn Harn�.yc�p:��tiiJc�i I�,r �n th�� �(
<br /> . tA�
<br /> Sccunty In�trum:nt cha11 he gi�cn by JNrticnut it or�+�miihng it hy fint.ia�,mail tu ye�:r��wcr�c rhe{'rn�t:�;� �1dJrc..rr.0.u,ho;f:e�,iddre,+ ,
<br /> �ti Itorr[�uer�aay de�i�,n�tc b� m�h.c tv 1 rnJcr a� psieu�:1 hcre�r..anJ thl an� n.�t�:c n� I rud:r ,':.�U h� :��cn f�. ���.r .i.�., n,.ul -.�I:•t:�lcr .
<br /> .�dJrr,s a�ated A:remor U��u.h,�:her ad.ire•ti:�.!e��.ler n�e��lc��cu.ur h� �u�::.r t„llnrr.�..:�a��v��. ,1c.1�c:�•i� �i�. � , .� r•, .�;r s t�,r �r.ttu,
<br /> tir•.u[,t�lu,lrumciit sh tll hr dreu::d tn li,r.�h:rn pi.c�i t�,}do�n�a,• ,� 1 er„:r.,!:rr,:�.;�. .n+��e n �n�._r d , ..i..i•.�:�:+�
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