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<br /> AI)JLJSTABLE RAT� RlD�.R 10613Z
<br /> 11 Ycat I rracur�Indct Rmc t'ap�l 89��
<br /> ftiltiAl).11�tiT�1t�Il�RAII• HIUI�k�cin.idc�h�s _. �� __day�u� _ _.OctnbPr __.__... ..,14_09__,
<br /> ancl �c lncut�x�rnud intu nnd shel! bc decmcd w �mcnd nnd �upptcmcnt thc A1orlgagc, lktd uf Ttu�t, or 5ccurity pccd (Ihe "Stcurily
<br /> � Instrument"1 oi ihe+rmc clatr�i�ca by ihe undc�signcd(thr�•[lonoucr"t a+s�urs Barrau�r's,td)ustabic ttnte Notc�thc"Nate")tp HOME
<br /> F�Q,€RA VINOS i LOAN ASSOCIATION OF aRAND ISLAND. NEBRASKA �thc "l.ender")af thc ss►me date an�l ravcrin�thc
<br /> pcoreny descri�ed ln the�ecurity t�strumeat And tocatcd at:
<br /> 1926 North Haward, Grand Island, Ne 68803 �
<br /> (Praperty Add�ess)
<br /> 'This aok co�t#Us prori�o�s aHo�ri� for cluis�es le oy ioterat rate ��d �ny mortiUly
<br /> p��me�u.TMis tote�Iso Ii�ita 1Me amor�t my latemt rste c��chsa�e at�ay oie ti�ee aid
<br /> ala t�e�i�l�rw a�d tMe iwlo����te 1 mwl pay.
<br /> ADDITIONAL COYENAM'S. In addition to the covenants and ag�aments made in the Security Instrument,Bonowu and Lertder .
<br /> further covenant and agee as foilows:
<br /> A. INTER�T AA1E AND MONTHLY PAYAtENl' CHANGFS
<br /> The Notc providcs for an initial interest ratc of Z�•5 _?'o.Section 4 af the Note pravides far changes in�he interest rate and the
<br /> �nnnthly�+srrrten.[4,as follows:
<br /> . 4, lNTEltl.s.b'I'RATE ANp MONTHLY PA}ME11!"t"CH�A'G£-�
<br /> (Al Cwt�e Qlita
<br /> The imerat rnee t will pay may chaage oa chr fir�c dsy uf • Qeeember ,�g g� ,�nd on that day every ,
<br /> twelve months thereafter.Each date on which my intere.si rate could change is calted a"Change Date."
<br /> �a� ���ae..
<br /> Beginnicsg with the first Change Date,my interest rate will be based on an index.The"lnd�x"is the weckly average yield on United States ,
<br /> �tqseuy sentritics adjusted to a cons�ant matunty af I ycar, as made a�ailable by the Federal Resene Board.The most reant lnden flgure ;,
<br /> a�::la�te a::ai Y'tt date 45 days beForeeach Chat�t Date is callsd the"Cur:ent Index."
<br /> If the Inrka is no longer available,the Nate Holder will choose a new index which is based upon comparable information.77u Note ; !
<br /> Holder wip give me notia of this choice. +'��
<br /> (C1 Calcdatlo�ot Cluqes –
<br /> BePore each Change Date,the Note Holder will calculzte my new incerest rate by adding f our percentage �< <
<br /> points( �.�� "�i)to the�urrent indea anci roun3ing to cne near�t ii&rn of i�o.suojc¢i fo inc�imiia siaicu i���iivii�i(I3j�'iclviii.
<br /> This roundod amount wili be my new interest rate until the next Change Date. �•
<br /> The Note Holde�will theo 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 substantiaily equal paymenta by the matunty date at my ne�v interest rate.The result of'this calculation '
<br /> will be the new amount of my monthly payment.
<br /> (D) Lmiu os laterat liate(:Aae=a •
<br /> , 7'he interat nte 1 am required to pay at the first Change Date will not be greatcr ihan �4•� % or (ess than
<br /> 1 Q,� hi.Thereafter,my incerest rate will never be increased or dccreascd on any single Change Date by more than t�,�n ;arrant
<br /> � �� n�_f�om the rate of intrra[1 havc becn paying for the preceding twclvc months.The minimum interat rate on this loan wi11 never be
<br /> tas than a a7i and the maximum interat rate will never be greater than_�$.Q_�'o.
<br /> (E) EtfecNve Date ot Chan�
<br /> My new interast rate will become effective on each Change Date.1 will pay the amount oi my new monthly payment beginning on the�rst �
<br /> monthly pa}�mtnt date after the Changc Qate until the amount of my monthly payment changes again. '�''
<br /> .�
<br /> (F) Votice of Chaete� i-'�--
<br /> The Note Holder will mail or deliver to ne a notice befo�e each C'hange I)ate.The notice wiU ad�ise me of: —
<br /> (i/ the new interest ratt on m}•loan as ai the Change Da�e; �'�'
<br />, (ii) the amount of my monthly payment followins�he Change Date;
<br /> (iii) any additimraai matters which the Note Halder is required to disclosc;and
<br /> (iv) the addras of the aaaciation you could contact regarding any quest�ons about the adjustmcnt no¢i�e.
<br /> B. CHARGES:LIENS
<br /> Uaiform Covenant 4 of the Serurity lnstrument is amended to read as foitows:
<br /> 1. Charfe�s;lleb.Borrower shal!pay all taxes,assessments,and other charges,fines,and impositions attributable to the Property which may
<br /> attain a priority over this Securiiy lnstrument,and leasehold payments af ground rents,if any,in ihe manner provided under paragraph 2 hereof
<br /> or.if not paid in such manncT,by Borrower making payment,when dae,directly to the payce thereof.Borrower shall promptly furnish Lender
<br /> all notices of amounts due under this paragraph,and in the event Bo�rawcr shall make payment directly,Bonower shall p►ompt9y iurnish to
<br /> Lender receipts evidencing such payrtnents. Borrower s*�all prompUy discharge arty lien which has priority over this Security Instrumena;
<br /> Boweves, Borrower shal) noi be required to discharge a^} such lien so long as Ro-:�wer. (a)Shall agree inµ�riamg to the payment of the
<br /> �b1l�ation securrd by such lien in the manner acceptable e�Lender;(b)shalt in good faith contest such lien by,or defend against enEo�cemont oi'
<br /> sl�cla(itn in.Eeyqal procetdings which in the opinion of Lende►c�perate tv prevent the enforcement of the lien or forfeiture of the Pro�erty or any ,--_____
<br /> ga�e tFttrecaf:or(c)shall se�ure frum the holder of such l:en an a3reer.�ent in a form satisfactory to Lender sabordinating suces lien to this '
<br /> Se�-ity lnstrument.
<br /> lf Lender determines that ell or any part of the Property is subject to a lien aY�ich may attain a priority ov:c c?^is S�ecaricy tnstrume�T,
<br /> l.ender shall give Botrawer a notice icientifying cuch lien. Borrower shall satisfy such lien or take nne ar more af t';e at�:�^s set forth above i
<br /> within ten days ot thegiving of�he notice.
<br /> �
<br /> � c. tio•nc t:
<br /> Um(urn�('r,veriam 14 oT thr Secu�i[y Instrument it amcndcd to read as(i�llow s:
<br /> 11. lotirr.f x�cpt fur any nvUce rcyu�rcJ uodrt E�pplicahle law ro he gn•en in.+nc,tlier nianner.la)any nuurc tu Rurro��cr ,,r:ti,dcd tur in thiti r`"
<br /> tie.uf u� tnc�rumen�.hall he gi�en rvdeli�cruig�i nr hy maiGng�t hy tir�,�riacti rn:ui t�finrr��uer at+he Pruper�� 4dcire«or at�uch�:�nrr adJreti� �{
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