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ADJUSTA13LE RATE RIDER S9-" 104724
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<br />0 Year Treasury Index -Rate Caps)
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<br />THIS ADJUSTA13LE RATIE RiDER is made this 29 day of As tq.t_ ,19 as
<br />and is Incorporated into and ehall be deemed to amend and supplement the Mortgage. Dead of Trust, or Security Deed (the "Security
<br />!. ittWPmeW1) of !be same date given by the undersigned ned (the "Borrower ") to secure Borrower's Adjustable Rate Noce (the "Note,) to HOME
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<br />F -mss i LOAti M§PMTi0!!E OF GRAND MAN& NFARA SKA (the `•Ixtider ") of the sarm date and coverinr the
<br />property described in the Security Inan wtent and located at:
<br />4204 Airport Road, Grand Jrland, Nebraska
<br />TW wk eaten" pets Id an sloe gt far elayea i• my liesma nee aM ray wstttdtiy
<br />`Ilia Root do IlaMts the ataettat my Most e=re can chow at say one tone saw
<br />vita tfaa Wilde twat AM We WAXIsnaaa rule i tarot pay.
<br />ADDITIONAL, COVENANTS. In addition to the covenants and agreements made in the Security instrument, Borrower and Lends
<br />further covenant and species foilovis:
<br />A. ,1NIMIEST RATM AND MANITHLV PAVhff T CHANGES
<br />M* IM +e provides foi an initial inieerese. rate of 11.5 A'•. Section 4 of the Note provides foe changes fn the, interest rats: tlgstithe
<br />monthly pay; lac follows:
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<br />4. MMEST RATE AND MONTHLY PAYINEIVT CHA?VGFS
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<br />•S; flat) Cinap�eDaMa ,
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<br />I?te interest re•7 wn11 :
<br />pay may change on 4- -first day of . ; i1CtQ�r ;14 90 , and on that day every
<br />t WP1 -up months thereafter. Fa k we on which my interest rut: could change is called a "Change Date_"
<br />fl4►t The lollies - '.
<br />'mulls
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<br />with the first Change Date. my interest rate will be based on am!odor. The" 'Irsdex" is the weekly average yield on United States
<br />Trera w7 securitiai;�4usted to a constant nuaw ?rof I year, as made availWt" by the Federal Reserve Board. The most recent Indtacffaure
<br />avaiiableas of taits*01#43 days before each Chnt1wDate is called the "Curr_= ', f. Cent."
<br />If the Inda k. no longer available. the 'i:t r Holder will choose a new:; albs s :based upon comparable information. MW Note
<br />"kr will give me notice of this dwioe.
<br />." t:�ILT Calcdalisa of t'.kt *sB1s� . • `
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adErg• ThrPA and nn; /bA l f percents
<br />point& ( 3.5 %) to the Current Index and rounding to the nearest I /8th of 1%, subject to the limits stated in Section 4(0) below.
<br />This rounded amount will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in lWf the principal I am
<br />expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest rate. The malt of this calculation
<br />will be the new amount of my monthly payment.
<br />(D) U n W om Interne Rate Cbsnaea
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<br />The interest rate 1 am required to pay , at the fast ,Change Date will not ho jueater than 1 3. b ►/i or less thaq
<br />9.5 e'i. Thereafter, toy interest rate will never honor eased or decreased on i*,,i A. ngle Change Date by mate tlatat two percent
<br />5--al_ from the rate of interest 1 have inert paying for the preceding twelve months. The minimum interest rate on ",his loan will never be
<br />less than 9 -0 _% and the maximum interest rate will never be greater than 16.0 �rs,
<br />410 Effedive Deft MC%ogp
<br />• M`/ new interest rate will become effective on each Change Date, i will pay the amount of my new monthly payrritz, l�glnnina on the first
<br />is oAdity payment date after the Change Date until the amount of my monthly payment changes again.
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<br />(!r) No" OtCbsiftet
<br />The Note Holder will mail or deliver to rn -.g notice before each change Date. The notice w I I advise rrie of:
<br />(i) the new interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
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<br />(iii) any additional matters which the Note Holder is required to disclose; and'
<br />(iv) dvi address of the association rm could contact regarding uric. questions about the adjuicnus. „t notice.
<br />IL V"ARM; LIENS
<br />tlrtifotm Covenant 4 of the Security instrument is amended to read as follows:
<br />4. Charges: lien. Borrower stall pay all taxes, assessments, and other chtmgvr, fines, and impositions a[,itintl:,blei to the Property Millar may
<br />' attain a priority over this Security Instrument. and leasehold payments of ground rents, if any, in the martriv provided under paragraph 3 hereof
<br />or. if not paid in such manner, by Borrower making payment. when due, directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all notices of atnomms due under this pa•agraph. and in the event Borrower shall make pt:ycrent directly. Borrower shall promptly furnish to
<br />LRader receipts evidencing 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 tong as Borrower: (a) shall agree in writing to the payment of the
<br />oblyation aimed by such lies in the manner acceptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of
<br />such lien in. teas) proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br />W thereof; of (c) shall secure from the holder of swr h lien an agreement in a form satisfactory to Lendtf subordinating such lien to this
<br />Saewity Instrument.
<br />d"mi.” -: thnz sll rn any part cf a c. rroyctty is subiar to a licit whist's raay attilirs tt (11 toiiiy over ilils SM —utiiy itntrumc nt.
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<br />Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such hen or take one or more of the actions set forth above
<br />within ten days of the givingof the notice.
<br />LC. tiOTWE
<br />I,'niferm Co:ertanr l4of the Security lnsrtumrnt ra arrcr•.ded to read a, follows:
<br />14. Nelies. Vt> cpt for any noice required under apt :rLabk law to he gnerr in another manner. (a) any notice to liQ r i -her rroHdh: (or in tnii,
<br />S urity fnttrumentthali be go en dry dtiis ettrg it or by mailins it by firs! clan; TTWI tO hulfOwena[the Prvpcif }A4tttte -w[i t i!i,hl.i fit r wt;lie
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<br />at bmtower may devgr:a:e by n y—Ce to i.ens :t :t; Pf(Y6 -t Cal 1Mtetn. anti IN ariv nu!i.e t" I cnl'_r Shall be giwri tfr tit511I.35ti i!,�n r., t Cr•ICr•
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<br />ad3tess�tatedheretnpt rn c�,h i•!I!er a•4t'.rr;= ail rrd;r ntaydc�!jtttttC b} ret,_e tee flvtr:ryer as; riss :d:c! hcrr,n lent n :,!tc;�, n,ar.!r.F t.,.:,, ::::.
<br />St.urity lr±su !r± :t+t: st ll : C :v nom: tut :a =¢ € <ttra g :. ;t *. <> f ;cetr : =.:ert•r t Fs: >. -s u': <t c: -en m tic: rramr.-r L'r ; ;sr� r: "rrr:rt
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