|
?:st�i-� . v"i�; . , . .. .. . " _ ---
<br /> .i� . . _ ° �=x. ' . . .. - -, ° t .;c ��""''._a._."�.�+.s��}"`tl�. , � ' _ .. <.��, xtf��a6� .
<br /> . _,m.,--.:�;_'���;K. ,.a.�. -� - .
<br />. . .,�� q � �-:-
<br /> � �i 9d����'� �.-
<br /> <<
<br /> �.,#`� � -=
<br /> �. �..��s.�: _
<br /> ' ���� A�J�JST'�g.1� �.t�� �ER aoo28�9� _ =
<br /> -—!.�.-,. _ �p y�r�r�oRSre_ry In�-RaYe CsaDS) _--
<br /> _�`:.:`�
<br /> �. JANtJARY .
<br /> THIS ADJUSTABLE RA'PE RIDIER is mLde this 25� day of
<br /> Z 999 ,and is incorparated into and sLall b2 dezmad w antsnd and supple�:ent the Mo»�age.Q�d of
<br /> �� Trust or S�curity Baed(the"Security Instrarasnt")of the same date�iven by the uadersi�ed(the"�ormwer")to
<br /> - secnre ths Sarrow i s Ad'ustabt Rat�Npte( N i °)to �
<br /> - Yhe Eqnitabie Hail�ing aa� baan�ssociatioa O��eaa8�s1as�, ��bt�sta� A fe�eral 8a9iegs Bant _
<br /> - �,,;�'�� (the"Lender")of the samz date and oovering the property described in the S�uriry Inswmeat End lacated at:
<br /> ,�-_"'�-- 2307 N IiOWARD AVE GRAND ISLAND, NEBRASKA 58�03-1958 °
<br />-�•:,,;.-_,, � .
<br /> °�.y. • [�rtr naa�
<br /> - .Y..
<br />`�-:-�'h:•; f THE NOTE CON3Atl�� �RO�O�SIAI�S A�.LOWiNG FOR CHARUG� IU 4HE lNTERESt
<br /> -='=r-�i��r• RA4E Al11D THE M�l1TNLY PA1fi1dENT. THE NOTE UMITS 4HE dMOLiN7 TME
<br />,?:�'J�'- Bfln}A'�W�R'S iFiTEEi�37' RA'PE CAt�I ClIANGE AT AP1Y 0311� TiME AND ZI�IE
<br /> -�� NIAXIMUM RA4G TH�BQRFt�WER MUS7 PA�l.
<br /> _�����-�
<br /> s�=�� ADDITIONAL COV�Al�i'd'S•In..ddition to We oovenams snd a��e��is made in the Security Iastrumr,nt, .
<br />_�=_,.�"`��'�:� Borrotver an�L.ender further covenaut�'_agree as follows:
<br />��---��--�-_-•� A.INTEIPEST RA1'�A1VII)Md3NI'?�Sl PAYN�NT C�ANGF�
<br />`�n�r� �. The Hote pmvides for a�iai.�al intems;rate of 6•S 00 �.The DIote provides for cha��in
<br /> -- -� � the interest rate and the reonthEy�ay:��:�as follows: .
<br /> °u,s�:=9 .
<br />._-�^-�;��'1 ' 4.�RATE Au.'*a M�:V3'�.�.Y�AYMENT CAANGES
<br /> r�.��, ...
<br />-�.ef�v;v��.� . .
<br /> =_ (A)Chun�e Dates � FEBRUAItY 2004 ,and aa Wat
<br />_-=°_= The interest raie I wiil pay�ay c�L on the��at day of ,
<br /> • day every IZth month thereafter.Fir�a�;l�r::on w!:iti.my interzst r;��oould change is called a"Change Date." -
<br />---.--s�.�:� "� (B)The Index ' �
<br /> Seginnia�with t�.:.f.'��:��:wge���,m}�IL..�s3=.�te will bs L�+xsed on�-:��ex. The"Index"is the��vap'sIy
<br /> - average y��`cs,:n Uni:r ry_�su�es��c�`:..�?�-ea�rides E:�;;:zsied to a c�;i,�rant mnturi:;�of 1 year.as ms�de uvniiu�ie�y
<br /> � � the Fedei^�:��erve Bcard.Th:r���;:�Jw.t Index figurz availaS�;e ae<Uf�he date�S days tseF�:,a.�ecH Chtu�ge Aate
<br /> is culled the°Current Index."
<br /> - If the Indea is no lon;er available,the Noie Holder will choose a nsa iftdex ivtdch is based upon comparnble
<br /> inform3Yion.The Noie Halder cvil!give me notice of this choice. �
<br /> (C}Caicvlatton oi Chaug@s
<br /> Befora e.zsh Change Date.th.e Noie�1��der will calculate my new in�0�by adding ��to thc Curront
<br /> qypp percentage point(s)t
<br /> Index. Thb Noie Holder will t�.cn round the resulc of this addition io the r.�uest aae-eighth af one p�r.+:x.xr�'.3ge
<br /> __ po'vtt(0.12550). Subject to the limits stated in Secti�c�4(D)below,this re�.u��a�uount will be my ae�a ua?t�*i�t
<br /> 'a' � ' rate u�'C:f:r�.ne�t Ch;.nge Date. � �
<br /> � ` Ti:e,:�Rt��Holder will ther�d:termine the arr�nunt of the moncirl.p�:ayment that would be sz�5�ient to repay the
<br /> � unpaid principal t1�at I,��rx expecte�to owe zt the Cfia��ge Date in fuii on the M_�siry Da*_e at my new intetrst rate
<br /> in subsiantially equal paym+er��.'fhe result of this calculation will be the rtecv atni+�u�i of my monthly payment.
<br /> '. (i�}�imitn on Interesl Rt�f�h:�;,s°s .
<br /> Tho intemst rnte I am regu:.r�d co�r►y.ut ehe first Change Date�r•iil r,oi be greater than ��.�08 �
<br /> � or less thnn 4.500 a.'1'hereafter,my interest rate will aever be inent,�u��or decreaEed on
<br /> � any cingle Chun�e Date by rrnr�than two percentage points(2.0 r'o)from the rate of intenst I have becr�:aying
<br /> for the preceding naelve maaL°�c.My interest mte vrill never be gr�eater tha�r i l.5 0 0 �.
<br /> My is���rest rate Wi 11 never be l�ower 4.t�aa� 4.500%.
<br /> (��L•l3��ve Date oi C�es
<br /> -_� Mj new interest mt,wilt beooine effective on each Change iiaie. I will pay the atuount of my new monttily
<br /> - -=-�� paymEnt be�inning an�ilie� far�t rnonthly paymeni da.a after the Chunge Date �mdl the amount of my monthIy
<br />--- payment ch�.nges again.
<br />'-�—---:ir.eTaa (��9iQ(T2 0f C�IIgP.9
<br /> -- --- The Aioto Holder will dsliyer or mail to�ne a aotice of any changes in my interest mte�3 t(te autount of my
<br /> ---� rrion:hly paymEnt b�fore the effective date of any change.Tfte natice wiil incIude information 7equixad by laar ro
<br /> f�-�M � be given rrx:and ul�o the title and telephone number of a per�fln �vho will answer any question I raay have
<br /> -_=��=�'�"_� regarding tlta noti�.
<br /> _-:-�•�.�:t-�
<br /> "�.";;,'�'-.t.�;¢.
<br /> u�-:�l'-°�`; l,iIULTISYATE AQ.!lJOT!lQl.�RATE 81DER-ARh1 Cr2-S:ng'.o Fami,y-Fannis lrlaslFred6is Msc Untiorrn Msuiafwnt
<br /> _��� Form 3111 3185
<br />---s.;�t�:•r.`i�"'fA
<br /> •822A+rso�� ve.��r_o:rte,Ae?eo.-:�is•csoa:ss�•�ZS� n;r.:a�c���ac�vaar
<br /> --;;„;�� �m
<br /> ���;,,a�-.'-.��
<br />=��'�_-_-_-�
<br />--_ - -
<br /> ._�,.-.,..-=-: .y
<br /> .. . ... .� :
<br />
|