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<br /> � ��y-� - ' 107468 .,.;:�_�---
<br /> - " AD�USTABLE RA'�`E RIDER 9O'-' �'�. ,�.'�-'u".-.�
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<br /> 0 ;,,�+;'��. (�Yar•rreasurr�neo�•w�aGp�) _ . 1 , --
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<br /> --,-yt d .n fi OBCBrt1bBT ,1990 _. ' -
<br /> THIS ADJUSTABLB RATB RIDBR b m�da this,�,� th d�y ot �'��n,_,�:
<br /> • '�•:. .._-^���' uul i�incorpotated into�nd tlull be deemed to �mmd tnd�upplanent the Mat��e. IXed oi Tnut. or Snvrity R:ed(the "Secudty i., ��" ,....;,�,�,i�,
<br /> „ ' lasaumau")of tde wae d�te Qiven by the undersi�ned phc "Borrawer")to securc Borrower'r Adjufuble R�te Nae l��"Note")to�IOME � i_ __ -...;.,.,:;
<br /> -��'�i-' f..r�' tl.. —".
<br /> ' ' � , e�nRS��g��N�iB�,LOAN A880ClATION OF ORA D ISLAND.NH9RA8Kl�lthe•'I.ender"1 of the wna duQ�d COV��Q ' -,
<br /> — y� �alYt r...[� -
<br /> ; - - • - pteperty dactlbed in�ho Secwity loctrument and lacated ac '^�'"'""
<br /> A,�n�� ���wdrr��r����'.
<br /> � � 2501 West Oklahane Grand Islend, Nebraska �"°'"�----��
<br /> � • (Propttty Addreu) ' ,.(t� 3�
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<br /> ° . TY4 Note eo�W�prorWau dlowi�R tu► clur�es I� roy 1�1era1 mte �nA my morlMir •y'.�w.r�.� '
<br /> ..-�-.LR11��n.'LLi':.. .:
<br /> . p�yme�u.TMU�ote d�o Ilmiu tMe�aon�l�y Nlerat nq au clw{t�I�ar oae qme aad
<br /> . �Iso tIw mldmum aad lbe m�Ylaiw�nM 1�raf Ml�.
<br /> ADDITIONAL COVENAN7'S.1�addkloo to the coveawnts and a�raa►eats made in the SecuritY In9�rument.Bottower and l.eader , •, .,,f x:,._.,: �.;
<br /> , '`,.'- ''N-�e.�li�. ,
<br /> ' furtlKr covenwat aod+�*ao as follows: . .... _ .:...... ,.
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<br /> ' �v''��• � � .. A. IN7ERF�'T RATE AND MONTHLY PAYMEN7'CHANGES � "' �
<br /> R 10.75
<br /> � i' '�;;� • �h.Section 4 of the Note provides for Chonaa in the inleresl rate aad Ihe �- •x r�:���.��,,,��+��
<br /> .;.:5 � The Nvte��c+vides Por an initial interat rate ot �..` .'� = "
<br /> ' wotnhiy Wri!�meua.xs tuUows: -"'�,
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<br /> ��:.�}� . 1. lMEREST RAT�'AND MONTHLY PAYMENT CHANG@S I
<br /> •�.•_. (A1 �a� . � -'.
<br /> ' 'I'6e interat tate 1 will pay may chanae on the iirst d�y of �'cln�arv .19 92 �,and on�hwt day every ',._
<br /> t.:�1 v months thercaiter•Pach date on which my loteresa eute cau�A ePaa�e is called A•'Chanae Date." �� , . �F="'•� �
<br /> . j '7. .
<br /> ' (B) 7'Ye bdat �
<br /> ge�fnNna with the first Chan�e DAte.my interest rale wfll be bascd on an Index."d'•'�a"Indea"is the wakly averaFr y�eld on U nited Suta , f�;`
<br /> Tra►sury securiUa adjusted to a constant mawrity of 1 year.ns mnde evailable by t;u federal Raerve Board.The mon reeent I ndex iiYure :+,,�
<br /> ,',: �� available os ot the dnte 45 dayt before each ChanBe Date is called the"CuRCnt Indea.^ ��._�^
<br /> �� '�• � If�he Indac is no lunrer avallable,the Note Holder wfll choose a new indeic which is baad upon campar�ble information.The Note
<br /> � ��.�:��
<br /> .,���, —-—- —-- Holder svi!!giw�nroke ot�his choice. .. �',
<br /> i� , — r ' "�,:
<br /> • (CI Calcat�ti�n o1 C� fa�a ad are helf per�en�age � ?,.
<br /> ' � Befo�e e�c�Chao��Daite.the Note Holder will calculate my new interat rate by addina •.yi,.
<br /> poinas 4 Wi)to the Curcent Index and rounding to tE�e nearast 1/B�h of 1 ni,subJect ta thc limits stated in Section 4(Pl beiow• � .,.,. , ',•�l,�• `
<br /> Thu�ounded amoum wi1D be my new interat rate until the next Cfiange DAtr. . ��•� `•.,`-�
<br /> 'i'he Note Holder w1H then determim�he amount ot d�e monthly rayment that would be sufficirnt to repay in full the pnncipaJ i am ;, ,
<br /> aepected to owe on Ihat Ch�nge Date in subs[antially equal paymen�+by Ihe matuHry date ot my new interest rate.The rault of�his calculallon ; '�� , '���.;'1���
<br /> .. . . r . i' ..
<br /> . ' will be the new amoum a i my monthly payment.
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<br /> , • (p) Uadts w I�teml R�u C6�oQa 12 75 9i a� Iess �han ' �
<br /> The interat rate 1 am roquircd to pay ot the fint Change d?rte will not be grwter thon two �eTCent
<br /> �:., ' ., __,o,,,�.75 hi.TherwRer,my interat rate will never be increased ur dcereased on any single Chanae Date by more than_
<br /> ',; . �-�S from the rate of interat 1 have becn paying for thc preceding twelve months.The minimum interest rate on thb loan wfN neva be
<br /> �ay�h� 8.75 �.and the maximum intercst rate wfll never be Qrea�er than 15 75 �i. �
<br /> � � ,
<br /> ;��.':•�. lEl FXfecUve D��e of Cq�aga
<br /> `;, ,: ent beginning oa ifx fint
<br /> � ;VIy new interal rate wfll becotr.e tff'ective on each Change Date.1 will pay the amount of my n�+��nonlhly paym
<br /> „ monrhlc payment date aYter the Chang:Uate until the nmvunt of my monihly payment changa aQ�in. • �
<br /> (P) Nodce of Cha�es
<br /> The Note Holder will mail or dellver�o me a notice before each Chanse Date.The notice will advise me of:
<br /> (i) thc new interat rate on my loan u of thc Change Cute: ,
<br /> (ii) the amount oi my monthly payment following the f hangr Date:
<br /> (iii) any additionnl metters which the Note Holder is requfrrd to disclose;and
<br /> ' (iv) the addras ot the auoci�tfon you could contact regarding any questions about Ihe ad)ustment notice. ;�.,�
<br /> B. CNARGBS;LIENS
<br /> UniPorm Covenant 4 of the Security Instrument is amendcd to re�d a<i nllows:
<br /> � 1.C6a�a;[Jem.Borrower shall pay all taza,ossessments,und o�her charges,fines,and impositions attributable to the Propen�which may
<br /> otu►in a priority over this Security Instrument,and Ira�ahold payments of ground rems,if any,in�he monner provided under parograph 2 hereot
<br /> � � ' or,if nol pafd In such manner,by Borrower making payment,when due,dfratly�o�he payee thereof.Borrower shall promptly lurni9h Lender
<br /> �,�,;., all notfoes of wnounts due under thfs parn4raph,and in c he even�Borrower shall make payment diratly,Borrower shall prompaly turnish to
<br /> ,'��' � LMder recelpts e�idencing such payments. Borrowcr+hall prom��:� �sschar�e rny hrn whech his priarity orer Ih�s Snur�:� Incr..umem;
<br /> ,.� ��mrrtt of the
<br /> ' ` , howe�er, Burrower shall not be required 10 dikharge any su:h'9.rr.{a I�ng a.Borroyer.�.�r.hall agree ir�writing to�hr pa_
<br /> , obl{gelinn secured by wuch lien m the manner accep�able�o I.end.c,�����:�a��in g�+�x3 tairh�ontes�cuch lien by,ur Je(end agvns[entorcemrnt ot
<br /> • � ' such lien in,legal p:a�:�edings which in the upincon oP l ertder oGaraca to prevem thr rnforcemenl of the I�en or(or(citute of Ihe Property or any
<br /> .� j put thereoh,or(cl shall secure from the holder or tiuch Iien an apreement in a(orm wifsfactory ro Lender cubordin�ung�ach IKn w tPus
<br /> 1 c.....:.......�..u...e�
<br /> . t ...__..�'•-•'-'--'-°-
<br /> 1 If Lender detttmines that alt or any parc oF ehe F'n�perr��• �al+�ecl lo a lien which may otta�n a priurity ocer t���lecuney�mccumcn�,
<br /> � ( Lender shall give Borrower a nou.e id�mnf��ng���ch h��n.B��rc��wrr chall�an�lv.uch Gen or take une ur murc�f rhe a:num.er lorth above
<br /> Iwi[hin ten days oi the QivinQ of lhe nonce.
<br /> C. VOTICE
<br /> Unitorm Cuvenam 14 of the Stturit��Instrumcnt i�amended to read r�lalk�w.:
<br /> � !1. Notlte.Except for any naice requved under applkable law a�br g��en m another munner,la)any�nuU�r h�B�arower pru��ded t'�+r ro th�ti
<br /> Securily I�st�:ment shall be g�ven by deli�ering it or b�m�iling i�by tira cl�ss mail�o Horrower at the Pru�xny Addrew or at such wher addre��
<br /> as Bortower may designate by noua w Lender ae provided herem,and Ibl anY nouce to 1�nder+hall Me pi�rn M•bnt clae�mail�n 1-ender',
<br /> address stated herein or tu wch other address us Lcnder may decignate by nonce to&�rrower o.prw idni herc�n.Any nutut prurideJ t ur m�hi.
<br /> S�curity Instrumen�shall be damed w have t+ecn gi.cn w Borroxer or LenJer w hcn gncn m�hc manncr dc�iµn+�a1 here�n.
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