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- <br /> � - — i____. _ . 1 - � � <br /> 89- 1065$��! <br /> A!?JUS�'ABLE �ATE RID�R 96174-�-�e <br /> �1 Ye�r T��asury Ind�x - Rat� Caps) <br /> THIB ADJUSTABLE RATE RIDER Is rtx�de thts l lgt____�,,.,�day of Decemher , 19� ,�nd <br /> � ia lnco�pQ►ated k�ta�nd ahAM be deemed to amend�nd supplemer►t ths Mortya9e,O�ed ot Truat or Sacur�ty Qeed (the 'Security Inst�ument') <br /> of tha aama date yhnn by the undersi4ned(tha '8ortowar'�to securo 8arawer'a AdjustabN Rat�Note phs 'Note')to <br /> „�l�n F d�ral S inas �nd Loan Auoclatlon of Ll�coln <br /> phe •Lende�')at th�aam�d�t�and coveri��th�propaAy deacrib�d!n ths Security inalrumvnl and bc�ted at: <br /> 1319 South Huri:on <br /> s <br /> ��and Island. N�Lx��88801 <br />- [Rop�ty Address7 <br /> THIS NOTE CONTAINS PROVISIONS ALLOWINO FOR CHANGES IN THE INTEREST NATE <br /> AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE 60RROWER'S <br /> � INTEREST RATE CAN CHANOE AT ANY OPIE TIME AND THE MAXIMUM�RATE THE <br /> , BORROWER MUST PAY. <br /> � AOOITIONAL COVENANTS. In addition to the covenants and agreements made in the Secutity I�strument, BoROwer�nd Lender turther <br /> - � � covenant and egree aa toNowa: <br /> A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> The Note provldes tor an k�itial interest �ate ot 8•�� 96. The Note provides ta�changes (n the i�terest rate and the <br /> ; monthly p�yme�ts,aa tolbwa: <br /> i 1. INTEREST RATE AND MONTHLY PAYMENT CHAN�ES <br /> � (A) Cha��� Dat�s <br /> s The Interest nte I w�l pay m�y chanye on the Nrst day ot .larluary � 1991 .and on that day <br /> � f every twelve(12th) month theradter. Each date on which my iaterest rate coutd change Is called s •Cha�ge�ate'. ' _, <br /> (8) Th� Index � ` <br /> ' Beglnnin�with the Ti�at Change�ate, my interest rate wiA be based on en Index. The 'Index' ls the monlhly average yield on United �'� <br /> States Treasury securiUe�adjusted to a constant maturily of one(1) year, as made avait�ble by the Fedcral Reserve 8oard. The mast ro- i --� <br /> cent Index flgure ava�aWe aa of the date toRy-fire (4� days betora each Change Oate la caAecf the•Current tndex'. � <br /> -j - ii ti�e index is ao ionqer ava�aoie,tne niote'ioider wia cfioose� new index wnicn is oaseci upon ca�arabie ioiormation. ifie i�oia - <br /> � Holder wiq 91ve me notiee of lhia choice. r <br /> � (C) Calculation M Changss ; <br /> � Betore each ChanQe Oate,the Note Hotder wiN caiaitate my new interest�ate by adding 27�•� percentage --- <br /> points ( 2•750 9�)to the Current Index. The resuita of thla addition wiN be my new interest rate untA the nexl chanye date. <br /> Subject to ths Nmits stated k� Sectlon 4(D)beiow. this new amount wiN bs my new{nterest rate until the next � <br /> Change Date. ,� <br /> � <br /> The Note Hotder wiU then detmnine the amourtt ot the mo�ihy payment that would be sutflcient to repay the unpsid principal that 1 am <br /> e�ected to owe at the Change Date tn tuA on the maturity date at my new interest rate in aubatanttaly equal paymenls. The result oi this <br /> ; calcutatlon wiN be the new amount of my monthty payment. <br /> t <br /> � (Dj Umits on Int�rest Rata Changes : <br /> . Tha Interest Rate I am required to pay tt the flrst Change bate will not be greater than 10.000 gb, �, <br /> � Thereatter. my interest rate wiA never ba inaeasad or decreased on any singte Chanye Oate cy more than 2.000 • <br /> , percentage Rohta( 200 %)irom the rate of interest I have been paying for the p�eceding twehre (12) months. My tnterest ;,•_ <br />