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<br /> ` : �. �JU��ABLE �TE �ER r `L` . '
<br /> �:r �' •, �<<FY � 200283�3 _ �- ��., :.
<br /> _ (1 Year Trcar,wy ladex-R$te Ca�s)
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<br /> � � r E- ` ry�' THI5 ADIUSTABl.E RA7'E ItIDER is made this 13TH �y of JANUqRY . ,; ,
<br /> :�__ �� `_-�.- 1999 =s
<br /> ;� : ,� ._4,,, ,� .and is iucoryorated inw and s�all be deemed to ameod and supplement the Mortgage.Deod of _�,.
<br /> ;__._ . Tr+ut or Security Deed(fhe'S�uitY Inswment"y of the same date given by the undersigned(t6e°Borrower")w p ��:
<br /> �' -'-�'"°'"_-; secure We$orrow ,'s Rd�ustabie Rat4 Note(the"N te' w �.�_�
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<br /> � �-< �<: Yhe BQuita6le Hnil�ng an� Loan Asaociation of Graa�d Is�aud, Bebrasla, A Federat Saoiags Bant ,
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<br /> . _ . �.- ,•� •cf (the"Leader")of the same date and covering the PmpertY described in the Secwiry Insuumem and located at: ;�-=:: ,,
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<br /> ` ° � �� ; ��- 536 JO�fAT30N DR (3RAND ISLAND, NEBR�►SKA 68803 f'' .
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<br /> t` ' ` �`` 7HE NOTE CONTAlNS pROVISLONS ALWWI�(G FOR CHANGES W THE Ii11TEREST � `
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<br /> ' �' RATE AND Tt1E t�ftONTNLY PAYMENT. �IiE NOTE LIMITS THE AMOUNT THE t �:, ,.
<br /> ��',; ` _ BORROWEi�'S tNTEliEST RATE CAN CHANGE AT ANY ONE TIME qND T1�E � � �,, �t
<br /> � ,f, • - - MAXIt1�tiM RATE TME BORROWER MiJST P�IY. � _
<br />( t '-. _ � �;� �� .frY.-
<br /> , .,: � _ ADDITIONAL COVENA1�iTS.In addition to the cover�ants and agireements made in We Security Instrument.• � .
<br /> �'4} � Borrower and L,ender further covenant and agree as follows: . ' -``_
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<br /> s: ` A.IIriTEREST BATE AND MO�U.Y PAYMENT C�YANGE5 � `.
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<br /> ` �4 � f� The Note provides for an isutial iaterest rate nf S.87 5 %.The Note provides for changea in N '��:
<br /> � _�.._�... �mrer�c��a me�.omt�sy�y�u,as follows: . � �.�,�4�_�, ��
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<br /> �•:-" 4.II�YI'EREST RATE AND MO1�iTEa.�I P�►YMENT CeANGFS . .
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<br /> ^ . (A)Chaage Date9 . FEHRUARY 200� and on that :4'�
<br /> . Thc interest rare I will Pay may change on the first day of . � '�-r"�;;
<br />_-¢' �� � day every lZth month thereafter.Each date on which my interest rate wu l d c hange is c a l l e d a"C h a n g e D a t e." , • .
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<br /> �.:_ : ._ , ='. Beginning whri the first Change Daie.my interest rate will be based on an Index.7'he"Index" is the weekly � �_
<br />�'�•'�'� •� '. � . average yield on United States Treasury securiries adjusted to a constant maturity of 1 year.as made av�lable by � ��.�.;=-
<br /> �::� ,;. .�
<br /> "- r�' '' '� the Federal Reserve Board.The most recent Index figure available as of the date 45 days before eacb C6ange Date .• . '_
<br /> . �.. . �,
<br /> „�i`<,:> .. ,. . , is called the"Current Index." '
<br /> '�' ='� " � � • . `' ' if the lndex is no longer available.the Note Hotder will choose a new indea which is based upon comparable
<br /> :-•i. ,,,. � � ,. �:;•.•
<br /> ,:.i:,.-. � . -�_`;, informauon.The Note Hotder will give me notice of this choice. �. _-_
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<br /> ,' . . . (C)C8tWI8tIOD OY Ch�tg4S -
<br /> �•�.�.���� �'` •, .,�...� Before each Changa Date.the Note Holder will calculate my aew interest rate by adding � �
<br /> :..a:y�•` .. 1�fl0 AND ONE HALP percentage point(s1( 2.500 %)to the Currene . • ...
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<br /> ��f�'"�'•• � . � ` Index. The Note Holder wil!then round the resutt of this addition to the nearest onaeighth of one peroentage .
<br /> • ���• °r,. �� . ` ' ,� point(0.125�?. Subject to the limits stated in Section 4(D>below,this rounded amount will be ary new interESt , . ,
<br /> `°� ` � • rate until the ae�ce Change Dace. .
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<br /> r,.�. � The Note Holc�er will then determine the amount of the monthty payment that would be sutficieot to repay the
<br /> `?�-�•� �- � . ' unpaid princiQal that 1 am expectecl to owe at the Change Date in full on[he Maturity Date ai my new interest rate ..
<br /> "' '`� '`� in substaneiall ual ents.Thc result of this catculation will be the new amount of my manthly payment. , -, ,
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<br /> .:�j:°._.;._. •. • . (D)Limit4 on lnterest Rate Changes � ' : -.
<br /> . The interest rate 1 am required to pay at the firsc Chanse Date wiQ noe be greater than 7.875 � -
<br /> '� '� � � or less than 3.87 5 °!o.Thereafter,my interest rate will never be increased or decreased on
<br /> �� , � �
<br /> "�r'" � � any single Change Date by more than hvo percentage points(2.09'0)from the rate of interest 1 have been paying
<br /> .�.,`'��'�� �� � . for the greceding twelve monshs. My interest ratc will never be greater than 10.87 S `�• �
<br /> �� ''� ' � • 1 My interest rate wi 11 never be lov�er than 3.8754b. •• . .
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<br /> r,; •,;,; . (�F.4fecNve Date af Chan�es '�� '� _
<br /> Y� � � � My new interest rate will become effective on each Change Uate. I will pay the amount ot my new monthly
<br /> � °� �`,� � , payment beginning on the �nt mm�thly paymcnt datc ufter the Change D'ete until the amount of my montbly • .
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<br /> '�:,. . . , � • payment changcs a�a�n. ..
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<br /> _"'.,' , : l IF�!�otice of C6an�es
<br /> �:�;.1 . . . � � � The Note Hotder will deliver or mail to mc a notice vt any changes m my interett rate and the amount of my
<br /> },:-��� - � . � monthiy payment hetixe thr effective date of a�..• rhange. The nutice w►11 include information reyuired by law to
<br /> f.!•_.`_ _ � ' I be �ivcn mc and altin thc ntic :inJ telephunc n ��,iber i�f a pent�n who witl an.wcr any yuest�on 1 mny have
<br /> .+;:.r �.'. .. � . � .
<br /> regarding the nntice. ��
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<br /> � , , � MULTtSTATE ADJUSTABLE BATE RIDER ARM�r2 S��g�o F:.�m�!Y Fannie Mae�Freddio Mac Unitorm Insuumont
<br /> � Form 311 t 3/85
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