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<br /> ° .., . AD.iUSTABLE RATE RiDER 9L- 1000�2 . �'-----
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<br /> 11 Yar Trawry Indac•WU�C�) b �•_�`�� ,
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<br /> ,�,••.' ' ' ,19 90 .
<br /> `��I�.: , THISADIUSTAAL8M1'B�IDSRifm�dalhl� 24 _dayof DeCertlb@r _
<br /> ,�. ,.. •.:.,;� [kod ot Trust.or Secu�ily Dced 1�� "Secudty
<br /> v�d b incotponted into and�hall be dem►ed�o �mend�n0 supplement the Mon�e. �_--
<br /> n
<br /> lnsuua�ent")of the ame dale�iven by the undersiancd lthe"Borrower"1 to ucure&inower's Adjutt�ble R�te Note Ilhe"Note")to NOM� —.-___
<br /> �D�RAL S:�'�Nt#S i LOAN A'_....�':.'IATION OF aRANO ISLAND. NSORABKA pho"I.eadM"1 of the ume ds�o anA wv�aios�he �'�
<br /> � ^ D+�W�Y d�nbed in the Sxutity Irotrument�nd IocHed at: �F-,''�°•.,` . - - -- ---
<br /> - • • � � 'J 1220 W. Koenig and 2318 Grand Island A�anue. Grand Island, Nebreska �-- •
<br /> � • ' (PropertyAddraq �„��.,_���
<br /> • �oc��-- �
<br /> F. . TW�ot�co�Wn pro.t�lon albwl�tor eM��IN wY I�temi nle �rd oy �a1Wy ,.:,�a�_;-_�_----
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<br /> V*yMert�.riW�ote dto IINu 1M�wouel a��I�leral tite ca�cpx�e�t�rr o�t Qme��d ..,�_.�-_----
<br /> dw u�wUiw�o�ri t1R�.i�w aate 1 a�m�par. .�' :�'�K
<br /> ADDATIONAL COYENAN7'S.In addirba a�ha cwreeana and aa►amen�s m�de m ehe Sc�unoy inscruman�.Bor�awer xnd tandar ; -r: �r �,���� -
<br /> '��; �'�r'_*f3A:'�����.5°:
<br /> ' � A1S PO�LOrB: ���^ i 4:.I�'��
<br /> fYilbli COYN71f11 �TOC ! ,.i',. ..�ci.t -��;i
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<br /> A. I�T RAiE AND NOIVTHLY PAYM�'�ANGER � �
<br /> R ' �
<br /> 'Itrc Note provkks for an iaa�l iate�at rate of �� �Ti.Sec�wa 4 oi�he Noie prorida ior.tanges in the fe�eral rate and ttre �,.:•.:',�I:'..�`��F
<br /> ,
<br /> maMh�!'O��eat�.asfollo�s: :. . � -�::.�—..;-:-
<br /> . -u,��a�
<br /> �, /MER�'ST RATE A[VD AQONTHI Y PAYMENT CNANQES �,�; � ' —
<br /> , � (A) CM�e l�te+ � �``•�`•
<br /> �� Theinterat nte 1 wfll pa��maf cha��e wa thc fint day of January ,)9 92 ,and on�hat day every _i-��
<br /> ', .� , t���Pl_ve momM thcrcafter.Fa�fi date on which my interest raucould chanQC is ca�7ed a"Chanfte Date." . �;,;;,-�
<br /> (B) TYt I�de�c � =
<br /> g�in�n�wilh the firyl C�teanYe Date,my interat ratt will be based on an Index.The••index•'is 1he wtekly average yield on United Stata ''.
<br /> ' Treuury�ecur►tia adjusted te�a constant maturftY of 1 year,as made avail�ble by the Fec.!�aui Reserve Board.The moit reanl Index fl�ure A P,.._
<br /> � �. .,�,:..:
<br /> ' pvdlable u oi the d�te 43 days before each ChanQe Date is called the"Curcent Index." • ,
<br /> . �f�pe �ndpe is na longer available,the Note Holdet will choosc a new index which is tvsed upon camparable informatbn.The Note � ,,,,,y,l.,_�
<br /> Holder will�%ve me notice ot this choice. . ��°�"'��.
<br /> .- ,�_ (G� Glcq4tlwoi�Clw�1{p PP anrl nne/half rctnu►ge �
<br /> Bafore e�ch Chan�r Dute,tht Note Holder wlll calculate my new interat rate by adding�rS � I
<br /> . pofnu( �� °%o)io tM Cutrrnt lndex and roundiog to the nearat 1/8th ot 190,subJect to the limiu stated in SectMn 11D)6elow. [�;:., '
<br /> ' This rounded amount wll:Ee my new i�teres't roie unQl thc next ChanQe Date. `� ;,'� "''''
<br /> '�•�'� The No1e 41s+;�er wi111hen determinr thc amount of the monthly payment that would be suffidem�o repay in full the principal 1 nm ti,
<br /> expected to owe on thal Chan4c Date in subs�antinlly equal paymenu by Ihe maturity date at my new interat rate.T he ra u l t o f t h i s c a k u l a t i on :T.i;; .�t'„�_; ,; ,
<br /> ; .��
<br /> ' wfll be t6e new omount oi mc monthly paymem. .
<br /> ` (D) I�odbonl�kralRateCM�aQes 12.75 qi or less than .
<br /> - The i�taat rate 1 em required to pay at the first Change Date will not be greater than i
<br /> R_7 5 p�.Thereafter,my inurest rate will never be increased or c'.ecrea�ed on any single Change Date by more thant-���n naTrr.a^:� � �
<br /> �� n,�,�l_,from the rate oP interest 1 have been paying for the preceding�weive month�.Thc minimum interest rate on thit loan will never be ;��
<br /> � ��h� 8_75 ro uncl[he mw►imum inlerest ra�e will never be grenier than 15_75_-4�. �'
<br /> i
<br /> ' t� �rte�u��n.�e o�rn.rRa
<br /> .,• �.,. My new interest ra�e will txcomc cfiectiw on euh Change Date.1 will pay thi amount af my ncw monthly payment beginnin�on the fint
<br /> � ��'� �, moMhly�a�:nent date after the ChanQe Date until the amount of my monthly puymmt chynQes o8ain. '' .
<br /> • .;: ,;�, ��
<br /> ' ' , �l�i rodceaiCb�dgee
<br /> The IVote Holder wil:mai]or deliver to me a no�ice beiore each Chonge pate.The notice will advise me oi: '�1 ,'
<br /> '� (1) the new intereac tate on my loan as of thc Changc Date; , .
<br /> . (II) the amount of my mon�hiy payment following the Change Dau; ,
<br /> , (iip ony additional matters which the Noce Holdcr is required to disclose;and
<br /> . ,�
<br /> . (iv) the address of the association you could comact reQarding any Quesiions about the adjustment notice.
<br /> ri i
<br /> ,'�� � & CNARGES;LIENS
<br /> .� �� Unlform Covenant 4 of thr Secutity ln.rtrurr.�nt is amended to read�s follows:
<br /> ' ' �'�, �'�� � 4. Char¢ee:Ueiu.Borrower shall pay al:'tazes.assestiments,and ather charges,fines,ond impositiuns altributable to the Property which muq
<br /> � . ��.;. - I
<br /> '!`•E'•�•� anain a pri ori1�over�his 5ecurlty Instromen[,and knsehoM paymenls of ground rents,if any,in the manner provided under paragraph 2 hereof
<br /> "•� �"� or,if noi paid in such mannar,by Borrower making payment,when due,direc�ly to the payce thereof.Bortower shall promptly futnish Lender
<br /> �•.'4.r�P� ' , .
<br /> , : . �-.,�{���. , a11 notlees�at amounts dur under thfs puagraph,und in thc cvent Borrower shall maQe payment directly,Bonower shaU ptamDt�Y iurnish to
<br /> � � ;ti:• Lender recxipta evideneing eueh paymenls. Burrower shall promplly diKChar�t a�y lien which has priority ovet this Se�vnty lnsttument:
<br /> . however. �7orrraer chall eot Ix required w discharge any wch lien :.� lnn�e a. Horrower: Inl ahall ugrce in writing to�he paymcnt ot ehr
<br /> ��' -•,'� �, obligatwrt steured by such lien in the manncr acceptoble to 1 ender;lb►:h�.:�r.guod farth contect wch I�en bv,ur deknd a�ains�enforcement of
<br /> .:••t,�,;'`i�•,�f such lien In,legal procad:�gs which In the opm�on of Lendmt o{+era�e ro�r+rn��ht enh•r;tment of�he Icen ur forfnwre oi the Propetty or nny
<br /> � �.i;;;,��•.,
<br /> , pu��herep(;or(c��h;i: stc�re from the holder n►tu.h lirn an upreemen�in a form a:i,(a:wrY�v Lander�ubord�naung tuch lien lo this
<br /> • � ���I� '•S Security Instrument.
<br /> ...�.<<....:...�..............� _
<br /> . .�..:.. `�., . . .
<br /> . . � It Lender determrcMr.••that all or any part uf the Proper�y i.�un�tcr�o a uenµmcn ma>d��.+����i�"�:;;i:^��••••.�^•-..., ...-.._..._....
<br /> � �i. :
<br /> � •-��' ! Lender shalt give Horrower a notice idmt,iyin�tuch lien. Burrower�hait+rnsl'y+uch lien ur take one�•�mare of the acuons set forth above
<br /> � wi�hin tsn days of the gi�r.crg of�he notia.
<br /> C. NOTICE
<br /> Uniform Corenant 14 of thc Scturity Inxtrument is amended�a rea.i a.i,�llowti:
<br /> U. Notice.�tcept for any notice reqwred undcr appl�cablc law�o he g��en in ano�hcr manner,lal any nuu�e w&ttrowrr prw�deJ for m�h�.
<br /> Securily Inslrument shall begiven by deli�enng��or by mailing it by firs�cl�ss mail lo Borrower a��he Pmperry AJdre+.or at+uch ulher rddress
<br /> as Borcower may designate by notice to Lender as pro�ided herem,and Ibl any nouce w LenJer+hall he gnen M lin�.la.+m�d 1u l cnJer'ti
<br /> addras stalcd herein or tu such othrr addras ac I.ender may Je+ignate b}•nou��e tu&�rrower ati proridcrl herem.Am nouce pru�iJcti lur m thn
<br /> Security Ituuument shall bedamed w ha�e beeo gnen ro iiurrower ur Lender when g��cn in thc manner de��gnaicrl herrm.
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