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<br /> An�U��rA�r.L ���r�: ����� 10�17.�
<br /> l l 1�f1f TfC15U�y IIlt1�r-RAtC(���15)
<br /> THIS�DJUSTABLE RAl'E RlpkFt is madc�hia .__$tb_ da�•of Novembef , lu ��1 ,
<br /> and is lacorparata! inta and shall bs dremcd ta amend ar.d suppicment thc Rlortg�gr, I�:cd o! I�tust, Ot �ccutllY Ih'[tl Ilhc ��ti�wuy
<br /> � InstrumcnC')af the same datc ekcn hY thc undersigned lthc��W�rrowrr")to se�;�ue ficu�aNer's Adjuqtuhtr RARC N4�tc(�tse"Nutc"►tu NQME
<br /> �EDERAL SAYIN�S a LOAN ASSOCIATION QF QRAND ISLANO, NESRAaKA(�hc "1 rndct"1 uf�hc aamc Qwte and .�xering If�c
<br /> property descNbeei in the Secunty instrument a�d located a�:
<br /> Granc� Is1�nd,,�Inhrnqk�±T __.___ ___.
<br /> - (Propeny Add�a�)
<br /> TW wte couai� provWo�. tllo�ly (or clw��es IN wy I�tenyt nte �M wy wo�IMy
<br /> p�ywe�b.T�is�ote�bo Uwits IMe�AaM�!�y letc�a�rtte a�cM�a�e�t���a�e Il�e��
<br /> dw tUe wINAlYIII��A!AC III1xI�MA rate 1 mest psy.
<br /> ADDITIUNAL COVENANTS. !n addition to the co�•enants and agrcements madc in�hc Security Instrument,Hormwe�and 1 endu
<br /> further coveaant and�rce as follows:
<br /> A. lNTERt.'ST R�GTE AND MONTHLY PAYMENT CHANGFS
<br /> The Note provides for an iniGal interest rate of ��•5 �a.Sectian 4 of thc Notc providcs for ch�nges in thc interest ratc uxf lhc
<br /> monthly payments,as follows:
<br /> 4. lNTE'REST RATE AND MONTIlL Y PA�hf�NT CHANGES
<br /> � (A) Cba�t D�ta
<br /> � ' The interest rate 1 wIll pay may change on thc first day of Decemher .19�Q_.,and on Ihat day every
<br /> , twelve months thereafYer.Each date on which my interest rate cauld change is called a'•Change Date."
<br /> ' (B) TYe i�des
<br /> . Beginniag with the first Change Date,my interest rate will be based on an Index.The"Index"is the wak{y aver�c yield on United Stata
<br /> Treuury securities adJasted to a constant maturicy of 1 year,as made available by the Federal Rexerve Baard.The most recent index fi{urt
<br /> ' available as af the date 45 d�ys before eitch Change Date is calleci the"Currcnt Index."
<br /> !f t1►e lndex is no longer available,the Nate Holder W711 choose a new indea which is based upon comparable information. The Note
<br /> Holder will give me notice of th�s choice. �
<br /> (� Cala�l�tio�o!ChKa �-
<br /> , Heforc uch Change Date.the Note Holder will calculate my new interat rate by adding three and one/hal f p����� � ,_
<br /> f points t 3.5 9i)to the Ctirrent irtdex and rounding io the nearat l i8th of 1�'i.subject to the Umits sWted in Sectioo 4(D)below. s,4
<br /> _ � This raunded amount will be my new interest rate undl thr next ChanIIe Dste.
<br /> The Note Holder wiU then determine the amount of the monthiy payment that would be sufficicnt to repay in full the principal I um
<br /> expected to owe on that Change Date in substantially equal payments by the maturity da[e at my new interest rate.The result of this calculation ' _
<br /> � wi81 be the ncw amount of my moNhly payment.
<br /> . (D) Lialt+on I�terat ltate Chaa�cs
<br />• 'i'he interest rate 1 am required to pay at the first Change Date will nat bc grcatcr than 13.5 % or less than
<br /> 9_5 r,�,Therafter,my interest rate wiU never be incrcascd or decreascd on any single Change Date by more than two pe cent
<br /> (�-�1 from the rate of intcrest 1 havt been paying for the preceding�wcive months.'The minimum interest rate un this loan wil)never be
<br /> ' l�s than 9_0 ni and the maximum interest tate w•iU never be greacer than 16.0 �'o.
<br /> ! (� . F�TtecUve Date of Cha��a
<br /> , �
<br /> My new interest rate will become effective on each Change Uate.i will pay the amount of my new monthly payment beginning on the first
<br /> monthly payment dateafter the Change Date until the amount of my monthly payment changes again. " —=
<br /> (FI :�IoNce ot ChaKes ��
<br /> The Nate Holder will mail or deliver to me a notice before each Change naie.The notice will advice me of:
<br /> (i) the new interest rate on my loan as of the Change Date; -
<br /> :�
<br /> (ii) the amount of my monthly payment following the Change Uate;
<br /> (iii) any additional matters which the Note Holder is requircd to�isclose:and
<br /> (iv) the address of the association you could contact regarding any questionc about the adjust!nent notice.
<br /> B. CHARGFS;LIENS
<br /> Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br /> 4. f;fis�r�tsc;Ueas.�orrower shall pay a11 taxes,assesssnents,and other charges,fines,and imposiiions aitributabte to ihc i'ra�xrty whic3t may
<br /> attain a priarity over t�is Security Instrument,and leasehold payments of ground rents,if any,in the manner provided under puagraph 2 hereof
<br /> or,iP Rot paid in such manner.by Bonower making payment,when due,directly to the payee thereof.Borrower shall promptly furnish i.ender
<br /> all ao�ias of amouarts due under this paragraph.and in the event Borrower shall make payment directly. Borrower shaU promptly furnish to
<br /> l.endet rCCeipts ev:deneimg suCh payments. Borrower shall promptly di5charge any lien which has priority over this 5erurny lnstrument;
<br /> hawever. Borrawes shafJ not he required to discharge any such lien tio long as Horroµer. (a)tihall agree in wrning to lhe payment of the
<br /> obliYation sccured by such licn in the manner acceptable to Lender;(b)ehall m good faith rantest.uch licn by,or defend against enforcemcnt i�f
<br /> such lien�rt,legal proceedings whicte in Ehe opinion of Lender operate to prcvent the enforcement of the lien or forfeit►ere of 1he F'ropetty or��ny � .,,.
<br /> .•- �
<br /> put thetea8:or(c)sha7�srrure from the holder of such lien an agreement in a form sasisfactory to Lender tiutrordinating surh lien t��Ihi. .
<br /> Security Insirumeaa.
<br /> If Le�der determis�es that aft or any part of the Property is subjcct io a lien which may attain a pnari�y ovcr th�c ticruri�y Inrtrumcnt,
<br /> Lender st�a71 gite Borrawer a no[iu adentifying such lien. Borrower shall satis(y wch lien c�r take une ur mure uf �hc ruuauti ut (urth ahuvc
<br /> within tend�ys of thegivang of td�e itotiee.
<br /> � ('. NOTiCE
<br /> Unifarm Covcnant l4oY tht 5ecunty Inslrument is amended to read a�fulloHti:
<br /> t4. Notke.Except (o�any notice reyutted undcr applicable law u�hr given�n ano�her mauncr,la�ai�� unt�,c i��It�ar��HC� ����.��4•d t�n �n ilu. ^„
<br /> Secunty Instturnent sha95 begiven by delicering rt nr by mail�ng��t+y firti�cla��ma0 tu HnrrnHCi.n+he 1'i����c�t► ��IJic�� ��i,u��,,I���U,��,u1J��•�• �
<br /> as Norrov�et may Gecig�atr by n��tice to l ender a�pr�,v�deJ herem, .�n�(h�any nnti,i•i�� �rnJc� .Ii,�IV h�• ��i��n h� lir.�,I;i,. u�.nl��� 1�i�Ji�
<br /> r� '7►'
<br /> :�dJrestitilatr.Jherc+not tvsuchothcraddretitiawl cnder rnayJc.�Rnatrh� n�dii.t In�4i�n�•,nri r �i�.,�ilt�Iht'�� n 1��. � .,•�,� �•��•�.�1:�� �"� ���h �
<br /> �C�.unty In�.!rumcrii thni:�C�CKA:C�((�ha�e hccn Ki�cn�u Fti,rr„a�r�rt�CI�I�CI •�IICIi�'i:r!i n �I.i.ti�.�'uc i.I. -.ir��o��,I�,.•�,i�
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