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1 � AI�JUSTAB�.E RATE RiUER �9�-, 1 Q 5 94� (1 1'cnr 1'reasury Indet-Krtr�'ups) THIS AUJUSTA�LE RAT�RfDER is ma:le this �3Lh��y�f Uctaber ��q A9 � and i� im:orporated into and sAall be damed ta atnet�d und suppknxnt thc Afort�aato, Uecc1 af Trust, ot Sccutlty Deed (Iho "Security =-� Inswnxat•`�Qf Ihc�ame clate�(vte by the ut�dersi��(lho"�rawcr")t�sCCUre Borrowerb Adjustable Rata Note(th�••No�e")to NOM! ' ' F�ML �1►Vtiilii,�LQAN�63�CtAT1�1M�F aRANG fSLAND, NEiR1►SKA_(the°'Len�ler•`)oi'the ssme d�te�nd caveciry�the - praperty dcuribed in the Security Instrumrnt and located�t: 1410 West 3rd 5treet. Grand Islantl. Nebraska - --- ---.�.___ — '— �Prape�ty Addres�) �rw .Ne co�hlM �rovWor. .1{owM� r« cti..�.. �. ■y �•leeitl ra�e .w �' .w.tYy Mywab.TAb�te wM�H�MIa 1!e�w��t�T hternt nts ca�e�aq'at f�y o�e tl�e aMl • �Yo lie a�tv�w�M/Ue ra�w ak 1�ut�y. . ADOITIUNAt.COVENANTS. ta�ddition to the cavrnsnts�nci qreements made ln the Security ln�trurtxnt,8orrower and Lender � fwther covaiaeit and�rce as folbws: A. IN7'ER�ST ItA'I�AND MONTHLX rAYMFN7'CHANGFS 'i'he Note provida tor an initial inurat nte of e•5 �•.5ection 4 af the Nate provides Por chan�es in che interest rats and the monthlY paymrnt�.as tollows: 1. !M£RES7'RATE AND MOMHL Y PA YM61Y7'CHANG6S lA1 ��e Dr1a The interae�ate 1 will pay msy chante on the firs�dsy of No�emhpr ,19�_,and on that dsy every L4felu� montFu thereafter.Each date an which my interest rate could change is called a"Change Date." (�) 71s iMex �inai�vritt�tbe first Ch�ose D�te.my interat rate wi(1 he bued on an lnda.The"tndea"is the weekly aver�ge yidd on United Stata Trauury sxurities adJusted to�constant maturity of 1 year.as made avtilable by thc Federal Resene Board.The maat rapent[ndex fl�urc availabk as of tbe��te1S daYs Defore each Chan�e Date is called the"Cunrnt�ndex." If the Indes is no loc�e.r available.the Note Holder wili cfioose a new index which is based upon cumpuable informadon.'fhe Note Holder rriU tive me aotice of tha chda. :`�f � �� ` two and one/half = Betorr acA Chan�e Dar.the Note Holder wiU calculate my aew intaest rate by addina ..�.petcenta6e p�oints( 2�5 �fa1 to the Current Indea and rounttinf to the ncarest 1/Sth of 1�'a,subject to the limits statqd in SecUon 4(D)below. ` 11�.i ronnded amouel wiII be m}new interest ute until the next Chan6e D�te. � � The Note Holder vriU thea detrrmine the amoun� of the monthly�tiprnent that would be sufFcimt to repay in fu�l the prinsipal 1 am eapected tn owe on that Chanae Date in substantially equal pa�yments by the maturity date at my new interat rate.The rault of this pticulation � wi11 be the new amoani of my monihly payment. : (D) U�ib o�t�ierat Rak C1s�es The interest rate 1 atn roQuited to pay at thc f7rst C'hangc Datn wiil na bc greater than �0_5 7s or less than rn.TAereafler,my interat rate will never be increascd or decreaced on any single Change(�te by more than��t 2•� from the rate of Interest I havt txtn paying for the preceding�wel+e months.The minimum intercst rate on�his loan wifl never be ��}� 6.50 "y��tAe maximum interat rate will never be greater than �3•5 �Te, IE) �(fecti�e DNe ot Cia� My new interest rate wiil become effective on ach Change Date.l will pay the amount of my new monthly paymer.�beginning on�he first monihly pnyment date after the Chante Datc until the unoum of my monthly paymcnt changes again. i (F) NMbe o1 Ch�es . �Y� 'fhe Note Holder will mai�.1 or deliver to me a nodce befare each Change Date.The notice wi0 adrise me of: (i) the new intae�rate an my Iwn as af the Change Date: '� �' (ii) the amount�f my monthty payment fallowing�Ae Change I?4te; ,� (iii) any additioaal roalters whlcb the Note Holder is required to discloxe;and � (iv) the address oi the auociation you could contact regarding any questions about thc adjustment notice. °° R CHAAGES;LlE,'�S Uniform Coves�ant 4 of the Security lnstrumeat is amended to rwd as fo�2nws: , �. C�r�es;ti�s.SorroMer sfnU pay all taze..,acccsemensa,and other Chargec,fines,and im�+osltions attdbutable to iiu Property whleh may attain s priority over thi.�5ccuizty Instrument,and Icueha3d paymenu of gtound renu,if any.ln the manner provided under paregraph 2 hereot a.if na p�id 3n sucd marner.by Brrrower making payment.when due,directly to thc payee thereof.Bonower shall promptly furnish Lender sl1 noticrs of amount�due un6er this paraaraph.and in the event Bonower shall make payment directly.Bonower shall promptly fnmish to Lender receipts evidencing such paymrnu. Bonower shall promptly clischarge any licn which has priority over this Security Instrument; however. Boaower shat! not be required to discturge any such !im so Inreg as Borruwer: (�) shatl agree in writing to the p�yment of the obliyution secuted by such 6en in the manner acceptable to Lender;(b)xhall in good faith contest such lien by,or deiend ag�inst enforcement of such lien in.lesal proceedin�s which in the opioion of I.ender operate to prevent the enforament af the litn or forfeiture ot the Property or any ' p�tt theteot:pr(c)shall secure from the holder of such lirn an agreement in a fotm satisfactory co l,ender subordinating such tien to this � Savrity�nstruarcnt. � � !f i.rnQtr determints tAat all or any part of tbe Propeny is sub;ect to a lien which may aetain a pr�ority aver�his Secunty Instrumem. ' � ' t.erfdtr shall�ive 8otrowa a nolice identi[ying such lien.Borrower�hall sat�cfy cuch lien or�ake one or more of Ihe aetions set fonf��bo�e withm ten dsys ot the siving of tAe not�ce. � C !�(YT1CF: l:n�formCa�estant 14 oF tAr Se+:unty Inxtrumenl es an�cndM ro rtad as fn(fowr. t1, tiWicr.r�.ehe I�rr any r�oauercqu�rrd under appLcable iaH io be gitien uti enuthee manner.(:��any nuh�r tu Bortawrr protiideJ tar in th�< !+rcurdy(n;trumrn+shail be gncn hy rltb�cnng�t��r hy ma�l�ng�f b�{itst clas.rnad tc�Fiorruwcr at thc I'm{�crty Addrr�s��at�u�1��hcr�c:ilrc.� aa tfn:n+Yrr r._av Ces�gnate by noti�t to i eniler ati prc��idttJ I�erem,tind 1b1 anti nc��i�e t;�1 er�der tih�1!hc �;i�cn hr finr �lat+ma�l��I en�te�'� � � ;:�f:lt'S s.l2:itf h:v;`ift I�T t��S::.It(�1h,�t iftjtjlCSa:A:(CtIACf R111 lIC1fKf:;)tC�-�l t�+�It.C'In fluff'��sCt.:'-(•r�nlcj��f;^tfil� 1h� ht+li.f�•im i:��(�n •-r il��•- `�t:.u.r„ lr�R�r„r�Cni;h�ll F�i!t'cn;t.,t l��h��r hiCr.gnCfl I<�li<�:i�,.yc� � • I r,.de r ..her��..�r.�n�';c n::n,ri r dr.��.��,uc;l t�.icin. �