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<br /> � � � ADJUSTABLE ItATE RIDER ���
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<br /> ...-, ; . •;�3'.'•`"�'�'�. 15th d� or Apri 1 19 91 --
<br /> r . ^�.,, THIS ADJU9TAB6fl RATB RiQBR b m�d�thi� Y � , __..
<br /> � . <; �;a �: '�� � �nd b incotpor�ted fnto�nd�hNl be QNmad to amend and wpplemeM the MonW�e,['f�e�d ot Tru�t, a Sav�ily Deed(the "SiecurltY =._..
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<br /> � ..: » ^ InstrumrnN')of the wne d�to{Ivrn by the undenftned(�he"Barrower")lo securo Bonower'�Adjustabla Nno Note Ithe"No�o")�a -
<br /> � s��f � ret�Hi���'a:�ii��.o o:.+A�A880CIATION OF ORAND�LAND.N@ORA�U� "4ender��1 ot�he ume d�lo�nd coveriW Iht — �-�:__
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<br /> �i�';_"�' �'������ prapMy de�albed in Iho 9oeu�11Y Inurum�+N ��-_-•_
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<br /> - � •� �'�� �•�•' 272p West North Front, Grand Island� Nebraska 6BdU1 —
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<br /> . (Propeny Addrw) .�°-
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<br /> ° c �,• TMb aott co�uhu pro�Mlau �Ilowlq ta chRes i�n�r Utcnu nite ��d a�Y�o�Ni�ty ��+o:�:!�"'-_ --
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<br /> �� _.. Y .=. p�y�ae�u.TYIs�ou dw Il�lq INe�a�ou�l a�INl�tal mle ai�ah���N�y t�qaa�rd �_7.T.�r.r�:H+ - ,•:;
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<br /> c�t_t. ADDITIONAL COVENAM'S. is addition to Ihe�rovenante pnd ai�eementa m�do in the SenuttY Imt�umenl,Borrower And l�ender _ _
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<br /> _ i5�tlher covenaut aatl aaae asi Pdbws: ���r i4:s:'..--�- --
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<br />�y;.w , . - • A. INTF.NEST RA7'E AyD MONTHLY PAYM HANG4B �, �� °�
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<br />;:: -`: �•-- The Note Frovida(of an initfal interest r�te of__ �•?� �1.Section�of the Nae provides to�char�es in the naterest rate and the =`-_
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<br /> .:.i;i .,.:p�•` at iollows:
<br />�'��� %�`�'�-" -. �, /(V7'ER�'ST RATF AND MONTNL Y PA YMENT CXANG�S —�. --
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<br /> The intert+:rsHa!wlli pay may chnnye on the flrxt day of _—___.�Y 1 ,19 92 � €�ad on lhat day avery �••-���'`�''
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<br /> ;-.:`'t��{� �i,�p�`months tlrcrcaner.Bach date on which my iaurest rate could chanQe Is calkd a"Chanac Pa�e." ,';:
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<br /> A•�•�' � ,•�}?•��t�Y' 8epinnir►�with the flnt Chanae Date,my imerest�atc wIU be based on an Index.The"Index"is the wnkly average yield on United Sta�a � ___
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<br /> r• Trcasury aecu�iUa adJusmd tu a comtant ma�uri�y�5 1 yaar,ns mnde pv�flable by�he Fadtral Raerve 8oard.Tfis moxt recent Index flaura �,,,,���._
<br /> 3 � avW�bk as ot the dale43 daya hefore wch Chu�ae Dase is calitd the"Cunent Index." �'"����
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<br />' � � If the lndae is no lon�er available,tha Nae Nal�lar wi0 chaose a new inde�c which Is based uFon comparnble information.The Note ��-
<br />; ' � �1�'' Holder wfU�ive me noticc of�hi:chola. ---T,
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<br />, _.. •� '`%,�' :• � lcl c.�kwl�tlon o1�a three and one - •`�alf �.���r:;._:_�•.
<br /> �:;. ,;i':.'"�'�`�'^ Betorc ea.I�GC:h�n�e Aate,the Note Holder will calculate my new interesc raie by ud:�in� i��� :.__
<br /> ' I' �A''��„' '• t` •S `� %v)to the Curtent ladeu and roundin�to the nares�I/Bth of 1�h,subjoct to�he Utnits aiated in Section 1(D)below. +�'.•.
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<br /> ' ° ''��� '��'r��•�� ;' This rounded amount wlll De my new Intaat nte until the next Chnnge Ilate. •��•'�.�.�•. :•.
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<br /> ' � ','�•�� The Note Hokfer wlU then delermine the amount of the monthly payment�hat would be sufficient to re{+ay In full�he principal 1 am , ��,.;;.
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<br /> , expected to owe on that Change Date in substanti�lly equal paymenu by the matudty dpte at my new Interest rate.The rault of this calculation _ _ W
<br /> .,�' -� w{U be�he new amount of my monthly p�yment. �'-`�'-:`•S,�i� -_
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<br />� . . (D) Udp oo lelenst IGte CluuQa ;'..
<br /> , Ih��terat rale 1 am requirod to pay at the fint ChanQe Date wfll not kx greaar than 11.7� 9� qrWO s than �ti��h.�
<br /> �• _9i,'fhereaRer,my interat nte wfll never be increased or decreased on any sinQle Change�ale by morc than t
<br /> ,. � rat ra�e oa this l o a a w i U n a v e r b e �'-��� '���__
<br /> � �..�..from the rate oi interat 1 have been payfnQ for ehe prcceding cweb�e momhs.The mfnimum inte ���'y;-;
<br /> � . � �. . ��� ?.�� n�and the maximum interat rate will never be 4reater than 14.?5 q�. ���=;�±�^:�_ `_
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<br />�,• , �` , �,,��; My new interat rate will become effective an each Change Date.l wlll pay the amount of my new monlhly paymenl beQinning on the flrst ' .
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<br /> _�rh:;a,r�si��_ �nntlily puy�t8nit date eltet lhtChM8e 4)ste until the emoum nf my m�Mhly�yment chanpec apain. Id. '•:� �. ... _
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<br /> ; •. ' o (Fl Notlte ot�Chuases �`-� r:�.;.: .;:
<br /> �`,f� � The Note Holder will mafl or dcliver to me a noiice befote each Chon4e Date.The notla will adviu me of:
<br /> � �y�y(,�F�,,.ti%!:�a,�
<br /> ���;�"Y+ . �� • (i) the new interest rate on my loan as of the Change Date; '1}, ,'�`„ L
<br /> : �••`Vil,:�{;�!- -
<br /> • (il) the amount of my monthly payment iollowing the Changc Da�r, �:"1�!r��;�� '+�--
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<br />�`-;��;•. �•� '� r " � liii) eny additional mauers which the Note Holder fs requiredto disclose;and -':`��#Jp:;'t,�:.?�='+.a.
<br />?������t�;���t ` (iv) theaddressoitheasso�iationYoucouldconlaclr¢gardinQanyquestionsabouttheadjusimentno�ice. --:��„r�:+�• �
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<br /> ;' �r;• �;r • ' � B. CHANGES:WENS 1 •.
<br /> i..,1"• � , UNform Covenant 4 of Iht Security Instrument is ameeded tu read a+follnws: �
<br />`;;: ,� ' ' I,Cfi�r�p;l.le�s.Borrower shall pay all taxa,assessmenu,and oiher ch�rses,fines,and Imposiuon;nttribut9ble ta the Property wMch may
<br />''����� ..,� � " etwin a priority over thfa Security Instrumem,and I�asehold�ymems nf grouod ren�s,if�ny.�n the mnrne�provlded under paraaraph 2 hereof ;
<br />" ' `�•'•�7`' a,if not paid in such manner,by Borrower making pa�rrr�m,when dut,d�recdy Io the pAyte Ihertof.Bottower etwiC pro•rnp11y Nrnish Lender
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<br /> ;�.';:. ;. all notices of amountv:fur under this paregroph,and ir.:he event Bor�ow�r sh�ll maice roy+nent direcUy,&xrower�hal.l promptly furnish to
<br /> ll' ' 'i�''�F� �
<br /> , � 1.tnCer recelpts evidenemg such �uyments. Borrower ahall prom�rt� d�scharat eny hnn which has priorf�y ovet this $ecuritv In+trument;
<br /> '' fioae'.tt, Horrower shalf not I+e reqwreJ �.�duchuRc am•w.h I�er. .��:.•n�as N��rtoacr. la)shall aprec in wnti�g�o ih<paymrn�of the
<br /> , .�,.;��. � oblsgatiar seaured hy�u:t hen m�he manner a�apiable tu I.ender,1b1•�+a,l in gad faitA c�M1es�cu�h I�en by,.�r delend aRvnst enf�r:c.�cn:of'
<br /> such Ircn!n,legal prc�.c<.f:ngs wh�ch m�he��piniun uf 1 cnder��perale�o prcvcrn�he enior�emem of�hc licn ur tonerture o!the Property or an�• •
<br />- �''',f..; � ' I �wn ther;of;or(cl wha�l secure from �he holder o(sach lien an aRrcrmenl in�(.•rm.anslactory to I.ender subordiaaung such Ilen to this
<br /> � � Secunty Instrument.
<br /> � IP Lender determineti iha�all ar any ran o1 the Property i• •uh�at io L hen uh�ch may�uiuin a prwntc ocer�hia Securi�y In+�rument,
<br /> ��._ _�. ..r.a. .�r...�6 oMa.
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<br /> Lendet sholl gfve Florrowet a no+�te�acnntymg�ucn iicn. n��n.�..��.Y�a��,a.:;�: .::...,..::.::_,,. _..._... ......,.......__.:^.^.••
<br /> � I wchin Ien days of 1he Qiving of Ihe na�ce.
<br /> C. !YOTIC�
<br /> " l�rtilarm f�nenac�t i4 oC tIU Sccur�ry[n5trument i.amended�a:cad•rc tollow�:
<br /> 11. �IMiee.Except 1'or anY nouce rrywred under applicable I�w iu heµnen in�no�h�T mann�-r.�ai.em nrncc��,Ei��rrower pr��ei.tat i`��r in th�s
<br /> Securily Instrumenr ehall he g�ren by deh�enng i�or by mading u by firal cla«rtud�o Li��rruwer a�rhe Pr��pe�r� i,1,ir��s.or u.u�:h��rh�Y addre+.
<br /> w Borrower may�k.ti+�nate by notice to l.ender ati proviJeJ hernn,anJ Ih)any nuu�c i��I en.h,�r.1�211 be�enen hy tvsl�lass mal�o I.ender't
<br /> addras slaled hercm or tu wch ixher addrecs ss Lender maq de.iKnato h��nuucc to B.irm����a.r�����deJ hrrcm.Am n��ucc prm iJeJ tor m thi,
<br /> 5ecurity Instrumenl shall be damed to hace been pi�•cn to Borrowcr or l ender Nhen gi�en m�he manner Jes�gnaled herom.
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