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<br /> ADJUSTABL� RATE RiDER a�"�' 145 S 2 4 ,
<br /> For uss only vrith sn AdjustatAe Rate Mongage,Deed af Tr�ast or Security Faeec�insured un�der
<br /> � � sectian 203C61,20;i{k) (�tst t� anty)or 234ic!af the Netft3na[HCwsing ACt,vs�the�iAary�a
<br /> 1 � mOtttod. - �.
<br /> TFIIS AWUSTABLE RATE RIDEH is made tttis 23TH d�y of tlCTS3�E�i: ; 1989_,,..
<br /> •nd M irx�aparaud into�nd thsli Fi�d�smsd to�m�nd and au�t 3t►�ifAatp�q+.ONd ot Truat or Sec��iry
<br /> �d l"MorWp�"l, of s�ren dat� h�rswi�h. ��van by the undersi�nad�f"llAartq��'1 to sl�cwt Nlort�a�or's
<br /> .. �u�tabi� Ra�t Nat�r t"Noh"), of w� datt h��with, to rnf tw�t�:.�c��,.�!��,.�.g,�,w�____„r,-
<br /> t..MonqpM..).oovsrino tt� prrn�ias d�rcfibrd in th�Mortgp�snd locstad at . . . _ ..
<br /> 1709 4lEST CiIARLES. GR11N0 ISL!!ND NEBHASKa 6�8U�
<br /> NoewilhrRMrdinp a�rythiny ta tM�contrsry aaet [orth.in�e Mort�a�e� Mottqagor and Mortgayee hereby
<br /> .�..a a�. raa��: . .
<br /> � i. Und�t the lYote. tha iniWt atated interest �ate of EIGHT Ahl� GN&-NAIF per
<br /> qMum� 8.SQ �GI psr a�r�um C'tnitiai interest flau"y ora the un�tid principal balsnCe is subject to ..
<br /> dta�pR, as�de�cribd. 1Nh�n th� inurest rst+e chac�e�,ti�i�:it�ual monthty i�sisltments of ,. �
<br /> pri�CipN u�d int�aito vrili be adju�ted�as hereicaafter pro+rided>.sc�'tki�t��nstalimdnt wiil be in an .
<br /> � arttount n�e�s�sry to tully amorore the unpaid principat balar�r.e of the NMe.st c�es�ew sdjusted interest
<br /> rata, over the remaining term of the Note. . ,
<br /> 2. The first ad'ustment t�the interest rate lif eny edjusuvrent is�equir$d�•will kca�ff�ctive on the frst day of �
<br /> JANUAR� , �g 91 (�ich date wili �rt be Eess than Mr��c�.�onths nor more th�n
<br /> ei�htsen months tfom the due dat�of the first i�astaElrcrRrrt payca+.ent�ander tt�G�`i�te),and lhereaRer each
<br /> sdjustmsnt to ths Iat�uest rate vsritt tae made etfective or,t��at dayr of each succeeciing year during the term of � ��
<br /> ttN Mor�age("Change Osta"►.
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<br /> 3. Each sd��t to the interost ro�e will be mad� �ased upon the folbwicxa rtwthod of empbying the = -�-
<br /> wNkiy swr�pe yisld on Units��fates T�eas�cry Sec+irittes adjusted to a cvfistant m�turitY ot one yeaa �-
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<br /> 1"Inds�';tF.e index is puWist�ed�i���fie Fidrrai R�rri 6uMrtin and mads avalabl�by ths U�ited States �
<br /> ' Trtswry DepaRmant in Statistica� �efeaae H. 15(�T3111 As of each Change Oate, it wili be determined _
<br /> . vrNett�sr or Rwt a�iaterest�ata ad�u�re�ent must.kfe mada,and the amount of tlia.c�ew adjusted interest rate,
<br /> . . if any. a: faibws: .
<br /> �� � (�) The amount of tJt&trtdex will be deterrrei�ted,.usitsg tF�e most recentty availabte figure,thirty i30)days
<br /> _ before the Chsr.g�D"ate f"Gu�snt Index"1• ..
<br /> tb) � rer�nte�$Rfli�t� Z� ��-... �� °�:.l�.^. "l.��:��";?- . : --
<br /> will be added to t�t�.Curr�nt It;sl�ttic end th�•aui�oi this addition wiil be rouuded'to the nss�est one-eighth
<br /> — of one pencenta{�e point(Q.12�°r.i�s The rcwtded sum,of the Margin plus the Current Index.will be calfed
<br /> � the "�etcU�t�ed (nteroat liat�"` tr;r each Change O�te. • �
<br /> � te1 The f.Nculated ittterest li�ate wa1�`i be compared to the interest rate being eas�ri�immecliately priar to the
<br /> __ _ currsnt Chartge Dete Is3ucF� interest rate being called the "�xis+tire� lr.:��st Rate"). 'ha�, ti�s �s�w � �;s
<br /> adju:tsd inte�s�t r3t�, if aay�„will be determined as fottows: .
<br /> . (i) (t the Cal�ul8ted (nterE:�;f�Ate is the same as the Existing Interest��:�t:�, the interesi rate wili n�ot � . c _
<br /> Chstpe. � �
<br /> Iii) If tha difterenoe betwee�r tl�e Cafculated I�teresE Rate and the Existiny I�te�est R�te is less than or
<br /> ' eq�ual to on� pKCentage point, the new adjusted interett rats wilf bs equai to the Cakulated
<br /> Interest Fiste(wbject to tlie maximun� allvwabte change over the cerm of ths Matgags of tive
<br /> percmt points„ in e+ther direction, trom ths Initiat Interetf Rsts,herein cNled ths "57r.Cap"1.
<br /> liii) It ths C�kulahd IMerest Rate exceeds the Existing Interest Rate by mare/han one petcentage
<br /> point,tfie new�dju�ted Interest rat�wi11 be�quat to one�ercentspe point Nigher than the Existin�
<br /> Intero�t Rat� (iubjs�t to the 5�K Cap1. �
<br /> Iiv) N th�Cakul�ted Interest Aaro is less than the E�cisting Interest Rate by more tha�one perce�tage
<br /> -- point,the new sdjusted interest rate will be equal to one percentage point tess than the Existing •�'----
<br /> intexest Rats twbjact to the 596 Cep). '
<br /> � .�r � � . (d} Notwithstandirp�rtythirrQ contained i�this Adjustable Rate Rider,in no event will any new adjusted �
<br /> v inwest rus be more tt�an fivis percentage(5°io�points higher or fowar tfian the fnitiai tncerest Frata.if any . ` �
<br /> k1er�N ot ds�xNM in ths Existing Interest Aate woutd causs ths naw adjusted intsrest rate to exceed
<br /> — � tlw 6%Gp,dN n�w�dJusted interest rats wil!be IimiE�d to live percentaga(5%1 points higher or fower,
<br /> MA�iCh�vK is �pplic�b{s, thin the Initial lnterest R�te.
<br /> � (�� Mprt���N wilt peto�m the functions required under Subparagraphs 3ta1,tb)and(c)to determi�e the
<br /> srtq�x�t d tt�rNw�djusted rate,if any.My such nsw adjusted interest rgte will t�ecome effective an
<br /> tt�Chsrp� Dat+r and therNfter wiq be deemed to be the Existing Inte�est Rate. Tt+e new Existis�g �' �_
<br /> Int�r�q i�t�wi11 nmsin in eHact until the next Change Oate on which the interest rate is ad�usted.
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