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F.
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<br />ADJUSTABLE RATE RIDER
<br />(I Year Treasury index•RateCaps) 89— 103609
<br />THIS ADJUSTABLE RATE RIDER is made this ___ — Pthday of
<br />and is inciwporattd into sad shall be deemed to amend and supplement the Murtgage, peed of Trust, or Security Deed (the ":it± uritlf
<br />Irdli umtrtt ") of the am date siren by the utadersigtted ttfte "BorroMrr ") to secure Borrower's Adjustabie Rue Note (the "Note") t* !IM
<br />MQM M &,LM AMOCIATION OF DRANO ISLAND, HSMRASKA (ihe "t littler ") of The same date and covering the
<br />property described is the Security Instromettt and located at:
<br />579 E_ f.an�ital Aueni as F:rapd_.I laude Nabli'l.i' ill 901
<br />(Property Address)
<br />7Ttia we come" gw+rWar ldletwltlg in dhaaga Is trot Mutest tall aM My WMft
<br />paynwails. lu sole edge Mnlb the aaseaat my iswrest fait an Clamp at any age tint anti
<br />alga the audit and the rairsaae fail 1 tenant pay.
<br />ADDITIONAL COVENANTS. in addition to the covenants turd agreements made in the Security Instrument, Borrower and Leader
<br />fut:tber covenant and agree as follows:
<br />A. INTT:RM IRATE AM 1ONTHLY PAYMENT CHANGES
<br />The Note provides for as iii iW,intetest rate of _ .. _'ir. Section 4 of the Note provides for changes in the interest rate and the
<br />latantltly paynrrnts, as faiioatis:. .
<br />C INTEREST RATE AND Mf3 VIrIWt IF PAYMENT CHANGES
<br />(A) Chlttagt Ds"
<br />The interest rate I wi2(trty may change on the f rsC des y of AuguS,t —11990 . and on that day every:
<br />* ,ens ttp months thereafter. Each date on which my interest rate could change is called a "Change Date."
<br />(t) Tie Writ
<br />Beginning with the first Change Date. my interest rate will be based on an Index. The "mdse' ° is the Meekly average yieid.i* bidted States
<br />Treasury securities adjustod to a constant maturity of I year, as made available by the Federal Reserve Board. The mat recortt Indes figure
<br />avWkbk as of the data d.3 "dos before each Change Date is called the "Current Index.•'
<br />If the ta* is nit kaiMer available; We Note Holder will chagoptt:.tuntew index which is based upon comparable informmNfrm, The Note
<br />Holder. wriltgkw ale noticvaf {his choice~
<br />• CMeaMI)sn ti/,4.'lA�assa •:. .
<br />Before each C'hatt�000. the Note Holder will t:a4;ulve my tern intlerkst,ra ,§_,,padding Four and one /half pace:111:46.
<br />L. % Q -�,d ....t.. .1:..•. -• .S •!4 e.a u_— v_ s—.•._
<br />�i..+..t -- ..�....... ^vi.........ww,. «.v.wra.d.re�ty su,- r.—."• -W ., out of a r. iiivm. to; uc iu.0 i suiied iif ocaiwrn v/ arr�v+si
<br />TTlis rounded ammunt will be my new interest fate until the next ChtupRq.natr.
<br />The Note Holder will then determine the amount of the moni9 P?, payment that would be sufficient to repay in full the principal 1 arm
<br />VEnedEd era Q"- on tho" Chl feu. ♦late n eiher�ne ntly mull M to v thw at.trit ve s env "w imeres! red. i ter recitlr of this led oq
<br />�_-- -.i..- i- ---- .._,_!ter -fi, .._!t±._..y�!_._.t..._.._. ....-- --- -- •- ---- -------- .._c��ctLi --
<br />wdll be the new amount of my monthly payment.
<br />(D) lA du m ltttwretat Raw Cbages
<br />The interest rate 1 am required to pay at the first Chan* Date will no! be greater than 15.0 x94 er less dum
<br />Thereafter. my interest rate will never be increased or decreast;d on any single Change Date by more than two perCt' lt..
<br />�irGrLi+.� from the wwof interest f have been paying for the preceding tweWtun' 90xtths. The minimum intern ratiL n this loan will neverbe.
<br />lew than 9 -11 -,Wand thtais^r�ximum interest rate will never be greatet'dyin _15.0 __%.
<br />(L`3 fIi'Rfeellse Dale A .. .
<br />Myom interest tale will become efecciive on each Change Date, i will pay the amount of my new monthly payment begianing on the first
<br />monthly payment date after the Change Date until the an; unt of my monthly payment changes again.
<br />(F) NNkeofcbNges
<br />The Note Holder will mail or delivOr6a mr a notice before each t;tange Date. The notice will advise me of:
<br />(i) the new interest rate ce, M2- iozn as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
<br />(iii) any ad4rfiodal matters %hich the Note Holder is required to disclUM" ar„ d
<br />(iv) the address of the association you could contact regardingarrrrjist ri exit about the adjustment n(atice.
<br />11. Cli/1Jlrt3f S; DENS
<br />Uniform 1CiNviaant 4 of the Security instrument is amended to read as follows:
<br />4. Cb gata� ltlins. Borrower shall pay all taxes, assessmaus, and other charges. fines. and impositions attributable to the Property which may
<br />attain a pciorit�,over this Security Instrument, and leasehold payments of ground rents. if any. in the manner provided under paragraph 2 hereof
<br />or. if not pttri'l.ir, such mantW,, by Borrc%vr making payment, when due. directly to the payee thereof. Borrower shall promptly furnish Lender
<br />a2 mitts of amounts due ubdet this piu;apaph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to
<br />leader receipts evidencinLr such payments. Borrower shall promptly discharge any lien which has priority over this Security instrument;
<br />however, Borrower shall not be required to discharge any such lien so long as Borrower. (a) shall agree in writing To the payment of the
<br />obligation secured by such Lien in the manner acceptable to Lender; (b) shall to good faith contest such lien by. or defend against enforcement of
<br />such lien in. legal proceedings which in the opinion of Leader operate to prevent the enforcement of the lien or forfeiture of the Proper[ y or any
<br />part thereof; or (c) shall secure from the holda of such tien an agreement in a form satisfactory to bender subordinating such lien to this
<br />SM-L itp f xL-taa.:.!.
<br />If Lender determines that ail or any part of the Progeny is subject to a hen which may attain a priority o%er this Security Instrument.
<br />Lender shat( give Borrower a notice identifying such lien Borrower shall satisfy such lien or take one or more of the actions sel forth above
<br />within ten days of the giving of the notice.
<br />l'n;futrn f "ot.tnant 14 of thr ecunty Instrument r, amended to read ai follows
<br />14. ♦afire. I Rtept for anv rotite required unJcr applicable tau► to tie &%ten in annther manner, tat any i :otj,c •.t It:nro%er pruv:dcJ t.rr ,n th,t
<br />in,t . e .tiµtl r: v a .,pry` h :..a :l: : b. furs a�,. :: a ! :,, l :,: r.. ,c. at t .c L'
<br />_ t_.r:*_ ^.t 1!'.'!. _f! .,°r: $`t .:t;: '• - r:•vtiri: ,7.itiiE..,rf at .a,i, (4rrt. A�ialc,.
<br />xn f3 tr,ia cr ra]r . :_etfP: .t'C by rnl, :e $n I c : :d ^t n: t•!u.,acd hETCM. Mid ibl.in. rw: :e to I,null .11.01 t1r:,yen bu firNl tea'% n•a't t„ 1
<br />a;fT c< ,.atr,lt t. its fu, l;h.al:c :N.l:cr. rti c�. !ct tr:a, 1 •i,. r•: l ;. r
<br />.t� 1.:: -'t _ •C U, � Tit _.•S 'L :hit i•,t $•.'t., i• ...... -
<br />ti{�. : :1 :Ytf. :$S,.fYiC :rS� :�Tii f`�l'a =i :, �J !'1 r�,1.-- '1i :71 F..t•,•
<br />it -1, a7r..jr. _S,!...1 -- r••rr.. .. 1.'.. .•' "(�r ,,
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