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<br />ADJUSTABLE RATE RUDER -;tip - -_
<br />(1 Yttu Tsttmsury Igdsst•Rmte Cape)
<br />90- 109995 AAA:-;.
<br />THIS ADJUSTABLE RATE RIDER h nub this 29 dayof November
<br />wood Is incorporated Into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security
<br />Instrument ") of the setae date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to 1"M
<br />FEpgft gav N(IS A LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covtains the
<br />property described in the Security Instrument and located at;
<br />331 N. 4th, Doniphan, Nebraska 88832
<br />(Property Address)
<br />Thla stole contain preavisiwa snowing for changes in ray Interest rate and my moodily
<br />payaneab. This note also Mettles ehe s inmost my lieleml rate ears charge as may one brae and
<br />Win does Waiamec will the ambm safte 1 snot pay.
<br />ADDITIONAL COV'ENANT'S. In addition to the coverwtts and agsaaaeMa M* in dw Security Itustnwertt. Burrower and Leader
<br />further covenant suldagreras follows:
<br />A. INTFI IM RATE AND MONTHLY PAT IN; 0 3 4ANG)ES
<br />The Note provides for an initial interest rate of %. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments. as follows:
<br />4. INTEREST RATE AND MONTH[ Y PAYMENT CHANGES
<br />(A) Change Data
<br />The interest rate 1 will pay rsmy change on the first day of January '19 91_ , and on that day every
<br />twelve months thereafter. Each date on which my interest rate could change is aided a "Change Date."
<br />(Y) Tim Index
<br />Beginning with the first Change fate, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States
<br />Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure
<br />available as of the date 45 days before each Change Date is called the "Current Index."
<br />If the Index is no knew available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />How" will give me notice of this choice.
<br />(C) Coilleakdoinofchnsga three $ one /half
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding _ percentage
<br />points ( 3 --r1 %) to the Current Index and rounding to the nearest 1 /8th of Ins, subject to the limits stated in Section 4(D) 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 full the principal 1 am
<br />expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation
<br />will be the new amount of my monthly payment.
<br />ID) ILfsshs as lelereas Role Changes
<br />The interest rate I am required to pay at the first Change Date will not be greater than 12 -3/4 n, or less than
<br />Q , n nr. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more thantign Parrwnt
<br />(2-171) from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be
<br />kss than 9.0 % and the maximum Interest rate will never be greater than T 6 - ❑
<br />(E) Effective Date ofCheops
<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 date after the Change late until the amount of my monthly payment changes again.
<br />(F) Notice of Chsaps
<br />The Note Holder will mail or deliver to me a notice before each Change Dane. The mice wi 1. advise me of:
<br />(i) the new Interest rate on my ban as of the Change Date;
<br />(il) the amount of my monthly payment following the Change Date;
<br />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjustmeni •notice.
<br />IL CHARGES; LIENS
<br />Uniform Covenant 4 of the 5eccrity Instrument is amended to read as follows:
<br />4. Charilm lbws. Borrower shall pay all taxes, assessments, and other charges, Ann. and iniM sitions aits3nuuble to the Property which may
<br />attain a prronrp over this Security Instrument. and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee tr ereo:. 8mcaer shall promptly furnish Lender
<br />all notices of amounts due and" this paragraph, and in the event Borrower .hall make payment 4:recdy, Borrower shall promptly furnish to
<br />Lender receipts evidencing vuch payments. Borrower shall promptly discharge any :ten wbt :?t has priority over this Security Instrument:
<br />however, Borrower shah rowr he - squired ra discharge any such hen so long a% Borrower- tat +hall agree in writing to the payment of the
<br />obligation secured by such We, vt rite manner acceptable to Lender; (b) shall in good faith contest such lien by, sec defend against enforcement of
<br />such Ben in. legal proceedutp %Duch in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br />part thereof; of to shall secum from the holder of such lien an agreement in a form sarrslactory to Lender subordinate" such lien to this
<br />security Instrvtttertr.
<br />If Leader determines chat all or any part of the Property is subject to a ben which may attain a priority over this Sevurny Instrument,
<br />Lender shall: pmt Borrower a notice identifying such lien. Borrower shall sarivN .uch turn or take one or more of the actions set forth above
<br />within rein days of the giving of the notice.
<br />C. NOTICE
<br />• , Uniform Covenant 14 of the Security Instrument is amended to read aA follows:
<br />14. Notice. Etcept for any notice required under applicable law to he pawn in anothe• manner, 1.11 env notice nt [kit rower provided nor in this
<br />Security Instrument shall be given by delivering at or by mailing it by first class mail to RorroMrr at the Property Address or at such other address
<br />as Borrower may designate by notice to Lender as provided here&", and (h) any notice to Lender shall be puven by first class mail to Lcnder'%
<br />address stated herein or to such other address as I ender may designate by notice at Borrower a% prm ided herein. Any notice provided for in this
<br />Security Instrument shall be deemed to have been given to Borrower or Lender when guy en in the manner de,rpnated herein.
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<br />ADJUSTABLE RATE RUDER -;tip - -_
<br />(1 Yttu Tsttmsury Igdsst•Rmte Cape)
<br />90- 109995 AAA:-;.
<br />THIS ADJUSTABLE RATE RIDER h nub this 29 dayof November
<br />wood Is incorporated Into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security
<br />Instrument ") of the setae date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to 1"M
<br />FEpgft gav N(IS A LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covtains the
<br />property described in the Security Instrument and located at;
<br />331 N. 4th, Doniphan, Nebraska 88832
<br />(Property Address)
<br />Thla stole contain preavisiwa snowing for changes in ray Interest rate and my moodily
<br />payaneab. This note also Mettles ehe s inmost my lieleml rate ears charge as may one brae and
<br />Win does Waiamec will the ambm safte 1 snot pay.
<br />ADDITIONAL COV'ENANT'S. In addition to the coverwtts and agsaaaeMa M* in dw Security Itustnwertt. Burrower and Leader
<br />further covenant suldagreras follows:
<br />A. INTFI IM RATE AND MONTHLY PAT IN; 0 3 4ANG)ES
<br />The Note provides for an initial interest rate of %. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments. as follows:
<br />4. INTEREST RATE AND MONTH[ Y PAYMENT CHANGES
<br />(A) Change Data
<br />The interest rate 1 will pay rsmy change on the first day of January '19 91_ , and on that day every
<br />twelve months thereafter. Each date on which my interest rate could change is aided a "Change Date."
<br />(Y) Tim Index
<br />Beginning with the first Change fate, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States
<br />Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure
<br />available as of the date 45 days before each Change Date is called the "Current Index."
<br />If the Index is no knew available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />How" will give me notice of this choice.
<br />(C) Coilleakdoinofchnsga three $ one /half
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding _ percentage
<br />points ( 3 --r1 %) to the Current Index and rounding to the nearest 1 /8th of Ins, subject to the limits stated in Section 4(D) 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 full the principal 1 am
<br />expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation
<br />will be the new amount of my monthly payment.
<br />ID) ILfsshs as lelereas Role Changes
<br />The interest rate I am required to pay at the first Change Date will not be greater than 12 -3/4 n, or less than
<br />Q , n nr. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more thantign Parrwnt
<br />(2-171) from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be
<br />kss than 9.0 % and the maximum Interest rate will never be greater than T 6 - ❑
<br />(E) Effective Date ofCheops
<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 date after the Change late until the amount of my monthly payment changes again.
<br />(F) Notice of Chsaps
<br />The Note Holder will mail or deliver to me a notice before each Change Dane. The mice wi 1. advise me of:
<br />(i) the new Interest rate on my ban as of the Change Date;
<br />(il) the amount of my monthly payment following the Change Date;
<br />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjustmeni •notice.
<br />IL CHARGES; LIENS
<br />Uniform Covenant 4 of the 5eccrity Instrument is amended to read as follows:
<br />4. Charilm lbws. Borrower shall pay all taxes, assessments, and other charges, Ann. and iniM sitions aits3nuuble to the Property which may
<br />attain a prronrp over this Security Instrument. and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee tr ereo:. 8mcaer shall promptly furnish Lender
<br />all notices of amounts due and" this paragraph, and in the event Borrower .hall make payment 4:recdy, Borrower shall promptly furnish to
<br />Lender receipts evidencing vuch payments. Borrower shall promptly discharge any :ten wbt :?t has priority over this Security Instrument:
<br />however, Borrower shah rowr he - squired ra discharge any such hen so long a% Borrower- tat +hall agree in writing to the payment of the
<br />obligation secured by such We, vt rite manner acceptable to Lender; (b) shall in good faith contest such lien by, sec defend against enforcement of
<br />such Ben in. legal proceedutp %Duch in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br />part thereof; of to shall secum from the holder of such lien an agreement in a form sarrslactory to Lender subordinate" such lien to this
<br />security Instrvtttertr.
<br />If Leader determines chat all or any part of the Property is subject to a ben which may attain a priority over this Sevurny Instrument,
<br />Lender shall: pmt Borrower a notice identifying such lien. Borrower shall sarivN .uch turn or take one or more of the actions set forth above
<br />within rein days of the giving of the notice.
<br />C. NOTICE
<br />• , Uniform Covenant 14 of the Security Instrument is amended to read aA follows:
<br />14. Notice. Etcept for any notice required under applicable law to he pawn in anothe• manner, 1.11 env notice nt [kit rower provided nor in this
<br />Security Instrument shall be given by delivering at or by mailing it by first class mail to RorroMrr at the Property Address or at such other address
<br />as Borrower may designate by notice to Lender as provided here&", and (h) any notice to Lender shall be puven by first class mail to Lcnder'%
<br />address stated herein or to such other address as I ender may designate by notice at Borrower a% prm ided herein. Any notice provided for in this
<br />Security Instrument shall be deemed to have been given to Borrower or Lender when guy en in the manner de,rpnated herein.
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