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THIS ADJUSTABLE RA-P
<br />atxsf is Incorporated into and shil
<br />iaitruirsent ") of the same date g(vc
<br />property described is the Security
<br />L%5ea eq. �� Twen
<br />I
<br />F
<br />'ABLE RATE RIDER 89'=1016 2
<br />Y Treastry Index -Rate Caps)
<br />uut+rsti 2? dayof Larch 19
<br />S. ;,-.5
<br />and supplement the Mortgage, Deed of Trust. or Security Deed (the "SaQdlt k
<br />state "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note") to
<br />B AND ISLAND. NEBRASKA (the "L lender ") of the same date utd • cove dAll- ffia,
<br />'�t§Greet, Alda, Nebraska 69810
<br />�Propesy Address) :
<br />"k ag fit. +iiYYM is?ip o fdp te4 (a lts ' ffic Mkoat s it testy laterert rest and say we d1ht
<br />oayotahr 3fds Jlsaf Wti4 iltca ri sir rigtereat rate en cbttge at say one the and
<br />ataotieaa�reir4atnt the irF=ir —pay.
<br />ADDITIONAL COVENAV7FS ?sa ifiisiags,:to .Covetta t: agreements made in the Security Insttument, Borrower and tender
<br />further covenant and agree as follovi•s
<br />,y
<br />A. INTMW RATE AND M(baV+ i11)f iP�lW*411 Ai't'. ANGES
<br />The Note provides for an. initial isi ew4 pat _off � �' e►. Section 4 o+f dkrr: Note provides for changes in the Interest rate and the
<br />monthly payments, as follows: ;
<br />4. /MEREST RATEAArDM0NTF�,I� Pr2')'"sJ r7'. rfANC -ES.
<br />(A) CMrtt Data
<br />The interest rate 1 will pay may change .19 , and on that day every
<br />twelve _ months thereafter. lVem- E Tale cwz�_changeismueam "Changemw."
<br />(f) T1trlMex
<br />Beginning with the first Change Date, ms ,1n. 44t'm:*m will be based on an indr t_ The "Index" is the sleekly average yield on United States
<br />Treasury securities adjusted to a constant maturity of A y. �iu; irziir_ available -by she Federal Reserve Board, The most recent Index figure
<br />available as of the date 43 days before each Change D'4terifi cued the "Crssrent ITdtm_"
<br />If the Index is no longer available. the Note Ho3tu7. arM 4h3otz anew it et which is based upon comparable inMinnation. The Note
<br />Holder will give me notice of this choice.
<br />(C) Cdtstadm of Crattgas
<br />Before each Change Date, the Note Holder will cafoal'•rrn my new'izierest rate try adding three & cne /half percentage
<br />points 3.5 _ _ hi) to the Current Index and towavhr>g to ttw iiiarest libth of 1%. subject to the limits stated in Section 40 below.
<br />This rounded amount will be my new interest rate until the=11- ha-ge Dme.
<br />The Note Holder will then determine the amount cti it,.- mrnr,Ni:§• payment that would be sufficient to repay in full the principal I am
<br />expected to owe on that Change Date in substantially egsa,ti lva,m uu by' the mate ily dixte at my new inirest rate. The result of this calculation
<br />will be the maw amount of my monthly payment.
<br />M, 1A WN ON Inhere" Now clauges
<br />The interest rate 1 am required to pay at the 15.r~:s. CLizwce Date will not be greater than 14.5 or less than
<br />-5 1414. Thereafter, my interest rate will never + se: rpteacher., tecm;* Jon any single Change: Date by more than Awo percent
<br />12. G I-- -- --from the rate of interest I have been paying fc,*r. Qht pnc.d:ng twriv¢ .rtce::.hs. Th1 git�num tierce rate on this loan will never be
<br />less than 9 @ 5 __.Ora and the maximum interest rarr*Utxrier be gr=rr ,h—. i aTi.
<br />(E) iffeective Dais of Cyall"
<br />My new interest rate will become effective on each Change !Tani. l: wi 4:Ipg� wq a mount of my new mtmthly payment beginniing on the first
<br />monthly payment date after the Change Date until the amount of rityrntatr'n::r rrsrarte diartges again.
<br />l`/ NNlreotCMattgw
<br />The Nott: Holder will mall or deliver to me a nor ice before each Cf^, ,V- Ustr. Tire notice will advise me of:
<br />(i) the new Interest rate on my loan as of the Change Dat:,;.
<br />(ii) the amount of my monthly payment following the Ch&.Wr
<br />(iii) any additional matters which the Note Holder isrequire l,ro"S:�.l'as+;.�^d
<br />(iv) the address of the aiu iation you could contact regard; .,1:,,.,wy „aremwas agora :he adjtuttnent notice.
<br />0. CHARGFS: 1,I FN%
<br />Uniform Covenant 4 of the Security Instrument is amended to read as
<br />4. Cal emasf 1.Maa. Horumer vhall pay all tats, asmsatents, and other charges,_ fL e, the Property which may
<br />attain a priorityover shit Security Inctntntent, and leasehold payments of ground, means,, i l rt!iy, iabrlrt -mr-cr pn. ,-.ded under paragraph 2 hereof
<br />or, if not paid in such manner. by Harrower malting payment, when due. directly.'yrt. r3syxe thfaaacf Borrower shalt promptly furnish Lender
<br />all notices of amounts due under ihi % paragraph, and in the event Borrower shall maim payniem t*m:;:t y, Borrower shall promptly furnish to
<br />Lender receipts evidencing such payment) Ilfirru*cr shall promptly discharge :sin).° Ilra which 'Ive, hrsr t avar this Security instrument;
<br />however. Borrower shall not he required io discharge any such lien so long as 135riwi m: (a) s:'tai^ Wee ;ri Mining to the payment of the
<br />obligation secured by such lien in the manner acceptable to Lender; (b) shall in good fifth c,tttesc "new: r^i by..,,-c defend against enforcement of
<br />such lien in. legal proceedings %Inih to the opltuon of Under operate to prevent the r�:tr�� t.tittht.,;iess cx forfelture of the Property or any
<br />put thereof, or (c) shill secure frtwil the holfier of such lien all agreement in a n, Leaser subordinating such lien to this
<br />Security Instrument.
<br />It I ttldtr dtetcrtnitits that all or saw nut of the Property Is subject to a lien Yt3irlt ;r y:�"a:�.# pirif * over this security instrument.
<br />lender shrill giu Wir,iwer a nntr,e ttkntiftutg auth lien.. IWrrowei shall satisfy such llror_-, rriee �! a or m.sreof the actions set forth above
<br />wlthintendiysof theti►iltgftfltte$I.Afo
<br />IsC. NOTK *.r
<br />UnlfUrm E.tlaarlt_'E (4,rf ette e+.eur:•f }v lurttuvsrm iinintiO rl to read as follows:
<br />U. NMke•. t cup! for ativ m :h.e r r4wrc,l tin.-Act appli,at+le, law to hegrven in another maser,,.'k'4- ttjy r;v a io Borrower provided for in this
<br />Se: urrtylnca: JmerifE tr. ell reg<< et, tr}drhvtwigiturtivntnihngnbsrht class mailtc+tionu+vxr: :tJitrfy#ts rtyAddressoratsuchotheraddre
<br />Qi if wrmhu rrar Jcitgd .1tc ITV a:at.c to t coder d5 tumulcd Imcin, and IN any iv,!kc to ! t given by first class mail to f ender'
<br />aCJret +i'atcdhrrrrntIrtuw;!iR!t:cf dv.t1r++ zle It; rs" avdrtigrate11 v not tcttoRrrowerasl, �.r��3jc�ce:�. 4nynotneprov tiled for inthv
<br />4euatty Inttrstmes, t+ tel l!: c;° rtrc `: #iuha,ct,,;•ngr.rafn Pon rnacr ur) endetwhett foenfnthe herein.
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