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_ -- � � ADaUS`i'ANLE RA't'� RI�ER ��'�� 1064�� I (1 Yca�Trcaairy Indcx•Rate('t�pvT ??.nd Pl�vemt�er ..,_.!9 8� , TFiiS ApJUS'fADI.[:RATE i111)GR is madc this - - ---- .._ d+�y ui . anil la inrorp�r�trzl into wnd ah�il lx deer�ed ta smend and supptcmenl the AlottgaQe, 1)crd.oi 1'�us�� or Se�:urity Lked (the "Securlty � In�t(u�Mif1")of the aame d�te�tvea by ide uadea�i�ntd(the"8orrnwer")Io Eer:��re Borrorrer's Adjustable itatt Nato(tha"Noto")ta NOME �E�M�sAVIN03� LOAN A�QCIATION OF GlIAND ISLfiNO NESl1ASKA(the "l.endor")oi'thc same date and coveriM thr propeny de�crib�d In Ihe Sccurity Instruinent euid lcrcated at: 1123 South Cherry� Grand Island, NE 69801 � 2321 West Koenig� Grand Island, NE 688Q3 (Property Address) TW �oPo co�Wr 'ro�Woy allowi� tor clwqa Ie my I�teral ate a�wl yr �wtYy F*Y��b.i'�b�ole�bo B�Its t1e aa�o��l n�y i�te�t iate qi�cM�o=e at aNr o�e N�e��d a4o tMe�Id��o��d t�e wxi��nte t wa�t p�y, ADDITIONAL COVENANTS.In addition to the covensu�u and agraments made in the Security Instrumsnt, Borrower and Lender further mvenant and agree u foQows: ` A. 1NTEit�ST RATE ANO MONTHLY PAYM�IVT CHANCES ! The Note providp for an inidal interat rate of 8.50 �, ��on 4 of the Note rovides for c � manthly payments,as follows: p �S�1n the interest rxte and the • 1. INTEREST!?.9TE AND MONTNL Y PAYMENT ChIANGES (A) Cr�e D�tes � � � � twe�ve�12�I��Y�y chunge on the flrst day of December ,�9 9II ,�on that daye��cry • months thereafter.Each date on whlch my interest rate wuld change is called a"Change Uate." ' (B) Tre i�dea ' Hednnins with the first ChanEe Due.my intaest rate will be bued on an Index.The•'Index"is the weekly aver�ge yield an United States � 7tasury aecuritles adjusted to a rnastant maturiry oi 1 year,as madc available�y tde Federal Raene Board.The most reant lnd�fisvne � avaitable as of the date 4S.days befote each Change�ts is called the"Current[cwirac," � • � if the lndex is no lot�er aveilsbk.the Note Hoider will chvose a new indes which is baaod upon mmparable i�formadon.The Note � � Nolder will�ive me notloe of this choia. i fL7 Cdc�tlo�ot Clwqe� ; �. ; Befare each Change Date.ide Note Holder witl calculete my new interat rate by adding tW0 end one�h8lf �n�� {--'� -- - T po�u 4 2.50 �a e�.�,.�;�;3��u:�s:�i�th�r�uc�t i:^otn oi i n,subjccc co ti�e timiu state0 tn 5lcti�sn 4(D)betaw. - j This rounde�d amount wID be my new interat rate until the next Chanae Dxte. .`T The Note Nolder will then determine the amount of the monthly payment that would be suf�cient to repa►y in full the principal 1 am , ezpected to owe on that Char�ge D�te in substantially equal payments by the maturity date at my new interest rate.The result of thls calculation • wiU be the new amount of my monthly payment. (D) U�ib os i�terts!Rate Chae�n The interest rate I am required to pay at the �rst Change Date will not be greater than 10.50 ryo or less than 6.50 9�.Thereafter,my interest rate will never be increased or decreased on any single Change Date by more than Two �2) ; _peTCent from the rate of interest 1 have ban paying for the preceding twelve months.The minimum interest rate on this loan will ncver be � las thin 6.50 q��d the maximum interat rate will never be geater than 13.50 e��, , j ; (E) Effective Date of Cba�cs ; My�w lnterest rate will become effective on each Chunge Date.l will pay the amount of my new monthly payment beginning on tde first ` i monthly paymcnt date stfter the Change Date until the amonnt of my monthly payment changes agaIn. ' (F� Notice of CM�cs '='�' ` 'Phe Note Holder will mail or deliver to me a notice brfore each Change Date.The notice will advise me of: {: + (i) the new intetest rate on my loan as of the Change F�ace: — ' (ii) the amount of my monthly payment following[he Change Da�e; `� � , • � (iu) any additional matters which the Ncate Holder is required to disclose;and � (iv) the address of the association you could rnntact regarding any questions about the adjustment notice. 8. CHARGES;LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: , 1. (,1�rta:Led.Borrower shall pay aU taxa.assessments,and other charges,fines,and impositions attributable to the Property wh�ch may attain a pdority over this Security Instrumrnt,and leasehold payments of ground renu,if any,in the manner provldod under paragaph 2 hereof or,if not paid in such manner,by Borrower making payment,when due.directly to the payee thereof.Borrowrr shall promptly furnish Lender all notias pf amounts due under this puagraph,and in the event Borrower shall make payment directly. Borrower shall promptly furriish to � Lender receipts evidencing such paymrnts. Bonower shall promptly discharge any lien which has priority over this Security Instrumenr however.Boaower shall not be reqnired to discharge any such lien so long as Borrower: (a)shall agree in writine to the payment of the obli�atian aerured by such lien in the manner acceptable to Lertder.(b}shall in good faith contat such lien by,or defend against enforcement of - - - snch lirn in,i raceedi � Y y * --- egal p ngs which in the opinion of Lender operate to prevent the entorcement of the lien or forfciturt of the Pro rt or an 1 put thaeof;or(c)shall secure from the holder of such lien an agrcement in a form satisfactory to Leader subordinating such lien to this � Secutity lnstrurrknt. � if Lender determines that all or any part of the Property is subject to a►ien which may attain a priority over this Security Instrument, � Lender shgll give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or mare of the actions set forth above � � within ten days of the giving of the notice. LC. NO'(ICF. . Unifarm Covenant 14 oithe Security Instrument is amended to read as foltows: � U. Notice.ExcYpt for any nMicc required under appiica6le law to be gi�en in anather manner,1a)any no�ice to Borro«cr providcd for m thi� +ccuriry f nstrurnent st�all�:given by deli.�cring ic or by wail;ng;t hy Rrs�class ma�l to Horro��er at ihe Properly Addretic or at tiuch uihcr addre,� . cn�rrower may design�ee by notice to I,ender ati protiideJ hrrcm,and Ib►any iiotice to Lender ch;�ll he gi��en by fir�l da«roail to 1 cndcr'ti � . addresv�tatcd hrrem or tu such ulhrr addresti as I.cndrr may dcti.^,natc h� nutuc tu Horn�wcr a.pr��ti idcd hcrcm .tm nuti;r�r��ti,��a i��;m Ihi� 4eturay!n~trumem tihall he derrnec!w iiave becn gncn tu{St+rraxer nr I rnJer��hcn E�i�cn in Ihe mannrr d;�i�uart•d hcrcm �