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<br />ADJUSTABLE RATE RIDER 89-0104403
<br />11 Year Treasury lrokx -irate ears)
<br />THIS ADiUSTAKERATE RIDER is made this _21— day of _ August _ 14_x_,
<br />and is incorporated into and rdtalt be domed to amend and supplement the Mortgage, Deed of Trust, or Security Detd (the "Security
<br />lnstrumat ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to
<br />FE Wit #AMM S LQM A$MIATWN OF GRAND ISLAND, NEBRASKA (the "Leader ") of the same date and caverin)t.dir
<br />property described in the Security Instrummt and located at:
<br />1528 Allen Avenue, Grand Idland, Nebraska
<br />(Property Address)
<br />Thin Gale cent" p reriaittaa a:awMg for etatagaa is sty lemma rate asi w smthiy
<br />M7s"a• This sae ttrlra Ilafb the a seem my istemat ate can cheap at any on tittle and
<br />dw ft ndsimow and the maxlesses rase 1 asset pay.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lendtr
<br />further covenantandagreeaaffic sws:
<br />A. INTEEBT RATE ANN filX.t14'iFMY PAYME.%T CHANGES
<br />The Note provides for an initial ixtt�vzt. rate of A ,cM We. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments• as follows
<br />4. INTEREST RATE AND MONT.RZW P,4 YMENT CHANGES
<br />(A) CMW Data
<br />Tbe interest tax I will pay nuych -ow- „6iiarast ay of September .t9 9Q .andonthatdaycvery
<br />twpl up months: rhereafter.'1"catb dar&=%bich my interest rate could Change is called a "Change Gate."
<br />' n) Tfclattiktt • . � ..
<br />IlegittnitfAM!iththe firsz.Cltauge Datie inv interest rate will be batrx', nri an Index. Tito "Index" is the weekly aserageyidd+ si Waited States
<br />moury tivatit
<br />is adjusaod,fit a cer war mY4 t+rity of .1 fear, as mtit. n bilabte by the Federal Reserve Board. Tft;. most rte�¢N roidex figure
<br />;rianabkastitihedate4SlitysF foreei iCTtittteGtt:e cZedthe "Current Index., "'�.
<br />If the Index is no IlinRi:i• available, the Note lfohkw will choose anew indcz uldch is based upon corrpa .;rytr. information. The Note
<br />C•Eis der witlg m.e! se notice of this choice.,","
<br />(Q. ctibd"m of Ciao m
<br />Before erich Change Date. the Note Holder will calculate my new intcwiraw by adding ttu0 and trifle f half percentage
<br />points ( ; _R) to the Current Index and minding to the neatest I.`(Ith of 104. subject to the limits w;ated in Section 4(D) below.
<br />This rounded Liount will be my new interest rate until the next Change date.
<br />The Note Holder will then determine the amount of the monthly,•paymcnt that would be sufficient to repay in full the principal I am
<br />expected to owe on that Change date in substantially equal payments h-P We maturity date at my newinterest rate. The result of this calculation
<br />will be the new amount of my monthly payment.
<br />(D) Chita on Isiaereat Rate Chaftea
<br />The interest rate? 1 am required to pay at the first Change Date will rin'� t e gre8,:is ,draw .10.5 4.4 or less than
<br />Ire. Thereafter, my intcimm: rate w ill nescr be increased or decreased on any single 0unge Date by more than �pnt
<br />• from the rate of interest l We been paying for the preccding twelve months. The minimum interest rate on this loan will never be
<br />less than _ 6.50 --Jr* and the maximum interest fate will never be greater than 13.5
<br />(E) Effective [tale of Chews
<br />My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first
<br />monthly payment due after the Change Date until the amount of my monthly payment changes again.
<br />(E) NoWr- off "hasm
<br />The Note holder will im,13 or deliver to nie a notice before cat h ( hauge Date. l f.,& ioutc will advise ntc of.
<br />(it the new isYAW4 rate or aty loan as of the ('hinge Mare;
<br />(ii) the amount i,d sc} tit- ; :v :'1'S payment following the change vats:
<br />(iii) any addititttst+t motto'(( viliwh the Note Holder is required todisclo,c; and
<br />(iv) the you could comact regarding any glto ritz ,;s about the adjnttntentnotice.
<br />.. Ir. CHAR(;E�S: 1,IEf1i5
<br />Uniform Covenant 4of theSecutity Insmitsu.nt isaniended to read as ((flows:
<br />4. CMrps: Lies. Borrower shall pay s.130xes. as,easmcnis, and tsuce'c Jsarges, firm; And irnpc�su aa!s attributable to the Nrope�ty which may
<br />attain a priority over this Security Instrument, and leasehold payments of ground ren.ry ii. dny, in the manner provided under paragraph 2 heteof
<br />&.4 not paid in such manner, by Borroxer making payment. when due, duev;tty ullrlttsit ", +yeq thereof. Borrower shall promptly furnish Lendtx
<br />all notices of amounts due under this paragraph. and in the event ltorrower shall mate payment directly, Borrower shall promptly furnish to
<br />Lender receipts evidericiag such payments. Borrower shAl promptly discharge any lien whicht,fAo priority over this Security instrument;
<br />however, Borotver shall not be required to discharge any such lien so long as Borrower: (a) sr:all agree in writing to the payment of the
<br />obliption secured by such lien in the nianuer ac.tptahle to bender; 1h),41111 in good °awh contest such hen by. or defend against enfurcementef
<br />such lice in. legal proceedings which in the upintan of I ender operate to prevent the enforcement of the lien ur forfeiture of the Property or any
<br />part thereof: or (c) shall secure from the holder of such lien an agreement in a form satisfactory to lender gatfordinating .uc•h lien to this
<br />Security Instrument.
<br />It Lender determines that all or any part of the Property is cubjcrt to a Inen which may attain a priority over this Bounty Instrument,
<br />tender shat) give Sofroxer a notice identifying such lien. Borrower shall satisfy such lien of iAe one or more of the actions set forth above
<br />>riithin tendaysof thegivirtj of the rKifice.
<br />LC. Wrwfrl
<br />1'1111ofm ( -fe.enan! 14 of (tie %cultity fngfLarifn! is amendo to read as follows:
<br />14. %'**r. E!iepr far any rivitte ftNuircil under applicable law to be 17,iien is artilher t ianricr. tat atit tntnlc to it,moviei p1m itiri) fur in tiu,
<br />%etunly1 -luf llm., ehalltYgivenhvcldiveringivtrbyritai lingitbyfill! fsitrn3f1 fit llurit- Br at. thr lirom riv Addic- , tit atsut.'t.•therallelic.+
<br />ai f%: rfo*rf itlnf 41f1- ,KVtN1e t,f - mi{t,e fir I tntter in Ctll,7*d IT-m iii, and till anc Rrilitti nil I r•itdrr- N"01 n; [(t \ et: ht rtr'i djti I, tail t,! i Lr-h i'•
<br />3�) alft'i tlA!l'xxNfr.al,t It) !! :.?to. ltrl add(Cii H; ICCdcr ma. ,.t;'If'ia'¢h;(Mit9t.tIli M.,tt;';i. t•r.•c Ant t,r, c;t Am fit ,it ;t,•.•;I ^., tol t' = ?iltt
<br />,.. t ^.tiora— Ish..!It- t. :t'a :hi f• .s.arc,nFI. ,;t:)1: =.iln0:4c .!tii.lr;wf =c, i. e,ut ,9c -fn rrttc. it
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