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° _._ —T� -...... r.m�— _' . �.. � . � � • � ADJUSTABLE RATE NOTE � 89'��,Q 6 3$� 7'H19 NO'i`E CONTAINS PROViSIONS ALLOWING FOR CHANGES 1N MY IINTEIiEST 1i�11'�A�t�HY l:ial�THl.Y P:YN�kTS. T�!!S�t�T�.�IS�L!l►11'i'�THE�:1a31`�7' MY 1NTF.REST RATE CAN CNANGF AT A►NY ONE TIME AND A1,S0 THE MINIMUM � AND TH�11�lAX1MUM RA'I'E 1 MUST PAY. .i November 21 �19 89 Grand Island Nebraska r C1TY STA7'8 1803 Stolley Park Circle, Grand Island, Ne Property Address � 1. SORROWER'S PROMI9E TO PAY i IA return for s lo�n tAat 1 have recelved�I promise to pay U.S.5 85.8t10.00 (this amount is called"princlpal"),plus interest, to the order of the Lender.The Leader is HOME FEDERAL SAVINQS AND LOI1N ASSOCIATION OF�RAND ISLANO • 1 understuid thu the L.ender may traa�fer this Note. The Lender or anyane who takes this Note by transfer and who la entitled to reaive paymenu under this Noie is called the"Note Hoidor." 2. IN?ERFST • ? Interest will be charged on that part of principal which has not been paid beginning on the date 1 receive principal and condnuing until the ' fnll unount of principal has ban pa�d. , Be�nnin�on tde date I reaive principnl,I will pay interat at a yearly rate of B•?5 %.The interest rate Wat I will pay will change in�tccordance wiW Section 4 of this Note.The intuest rate required by this Section and Section 4 of this Note ls the rate 1 wiU pay both � before and after any dcfault described in Sectioa 7(H)of this Note. � i - 3. PAYMEN7'S •� � (A) 'IY�e a�d rhee ot Pay�e�ta � F . � 1 wlU pay principal aad interest by making ps�ymenu every month. � i� I will make my monthly payments on the 1 St �y of each ra�onth beginning on—��rX 1 � ? .�. � � 9� � . .. » w �_.�..� t�- " --� --� j s �j�7.Z iiL^,:v'ZuwC'yf."�'SflCifib:L'�.ij/i�a^vfllii iff32�Z{�i. .�"'.3�5�^...+af 2a'v�'i�3tIC.�,,,wj w'i�1t2tiNt aIKZ iu'iji 8i�icf�.�fw�jsc'a i�iv�ticv vca8w - - I that 1 may owe under this Note.My monthly payments wlll be applied to interest before principal.If on necemher 1. 2019 � • - -- ,1 stiU owe amounu unda this Note.l wiU pay those araounts in full on that date,which is called the"maturity date." ` � ' 1 wlll make my monthly paymeats at 221 SOUTH LOCUST,P.O.BOX 100�,ORAND ISLAND.NE dd002 � or at a different plaa If requlrod by the Note Holder. • . (D) A�w�t ot 1Ny l�iWl MwtMy Psya�e�b My iautial monthly psyments will be in the amount of U.S.S 674.99 .This amount may chu�e to retlect changes in . the interat rate that 1 must pay.The Note Holdcr will determine my montlily payment in accordance with Section 4 of this Noce. i�: • ; 4. INTF.RI�ST ItATE AND MONTHLY YAY11�i�iT CHANGES • � (A) CMqe O�tes , _ � The inurat rate 1 will pay may change on the �St day of December � �q 90 , �►� and on that dsy every twel ve months thereafter.Each date on which my interat rate could change is called a"Change ��' Date.,, �`- (B) Tbe lwdes i = Beginning with the Pust Change Date,my interest rate will be based on an"lndex:'The Index is the wakly average yield on United • Stata'f'reasury securitiea adJusted to a constant maturity of one y�(s).as made available by the F�deral Reserve Boazd.The most recent Index t'iaure evai}able as of 45 dsys beforeeach Chxnge Date is caUed the•'C'�rrent Index." � '� If the Inde�c is no Ionger available,the Note Holder will choose a new index which is based upon comparable inYormation.The Note Hulder wil!give me notice of iu choice. (Ly Catcd�tlwotc�a� half � Beforc ach Change Date, the Note Holder will calculate my new irterest rate by adding two & one/ p�rcentaga points ( 2•5 qi)co the Ciurent Index,and rounding to the nearest 1/8th of.one peroent(0.125%)subiect to the limits stated in Section 4(D)below.This rounded amount will be my new interest rate until the next Change Date. '�`he Note Holder will then determine the amount of the monthly payment that would be suf�cient to repay in full the principa!I am expectbd to owe on the Change Date in substantially equal payments by the maturity date at my new interest rate.The result of this calcuiadon witl be the new amount of my monthly payment. (D) IJ�Ib o�Isteral Rate CiMe�es •_ ----- , 'Phe imerat nte 1 am requirod to pay at the first Change Date witi not be greater than �p�'j� 9i or tess than � � �?5—.—qi.Therwfttr,my interest rate will never be increased or decreased on any single Change Date by more than two pereent ; �� from the rate of interest 1 have ban paying fot the preceding twclve months.The minimum interest ratc on this loan will never be � less than s•?5 �fi and the maximum interest rate wii!never be greater than �3.75 %. � " lL') EfteeUtie Dufe ot Clur� L My new interest rate will become effective on each Change Date.1 will pay the amount of my new monthly payment beginning on the first monthly payment dyte after the Change Date umil the amount of my monthly paymcnt charges again. li') Netie�r of(:Ia� � 'fhe Na:e Halder wili mail or dcliver tu me a notice beforc each Changc Date.7he notice will advise mc of: (q the new intcrest rnte on my loan as of thc Change Uatc: ' (iil thc amuunt uf tny mc�nthly pyymcnt following the Change Uate: " � l:��I any additlr�tial matttrs which f he No(e Nolder is requireQ to disrlc±se:and . (�YI the uddresc of the assucialwn you.•outd contact reyn►cl�n�;�ny yue�n;mti,iho�it�hr ad�uslrr�em unu�e. . �