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<br /> .._.,._ _,_ �{6se7� . . , _.:� �. :_ ; . 93+ �'. FN�AR-9118-1._.
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<br /> � � . ,, �ADI,�U�'Ir81��RAT�Ritf$!t -�
<br /> , • . (111�r7�wr�IN�s.-wlt C�sr-I+Ix�d vtr Cosw�la�Opfloa) `. ��`�
<br /> ' THI3 ADIUSTABLB kATR R1DBR lt tn�de tbb 9� dsyof APRI6 .19 93 .and i� ''
<br /> ' incorpornted lato u�d�uil be deeroed u►aiaeod�ad supplement Ihe Mort�e.Dead af 7lruat or Soaurlty Dead
<br /> ____^ _T . (the "Securlty lnttrument��) ottt�e s�►an�l0�i�lE�� AO���A��;�NC. .�A����1����uro Bnrrower9
<br /> ��--A----� �WR��ORATIO��tba Note )to
<br /> (t6e"Loader")of tha s�mo date and cavarla�tho property deccribed�la
<br /> tbe Security Inurument�uad Ioated u: .
<br /> � � � 4344 HEAVENLY DRIYE GRAND ISLAND, NE 69803 '
<br />_ _ ----- [r��nY�ar�+•l
<br /> THE NORE CON'�ANB PRDAlIS10NS A�I.L!O�IMM�Ki FOR CHANQES IN THE INTEREBT RA'T8
<br /> �AND tNH MONTHLY P/1YIilE1!IT.TNE NOTE UMI�'6 THE AIAOUNT THE 80R�i0WEfl'8
<br /> AQJUSTABLE MITEliE�T�A'Q'E CAN CHANOE AT ANY ONB TIYE AMD THE YAXMIUY
<br /> -- RATE THE BORR�W�W. aAU9T PAY. TNE NOTE ALSO CONTAINB TH�
<br /> -- --— �PTlON 1D CQ�1l�EiT 1��+9�lSTA�R��11RTE'�0 A FqCED AATE. .
<br /> - _ _� - - ADDIT�ON�.COr'ENANT3.'Yn�►dditionto't4e:coven�ntsapda�reament�ntadeio�heSecurityl a�qeat. ..,,, , �
<br />- __ °,�:,.. , . .
<br /> - Borrower�Le�tkr furtirc�covenaot and��ree aa followc: � ., : � � . .
<br /> ��, .,, .
<br />, �:�'•' ,A.ADJU�"t'ABLE RATE AND MONTflLY PAl/l�I �T ANGES ,t �
<br /> yt ` ' The Notc provides for en iaitial intecest rate o6 �•5��.Tbe Note Pqa►aades Ibe ehwi�es io We x�.`lj�sabk
<br />�—_ - - •,�, �.;,' � unTFrest rata And the monthlY pwYmeats.as follows: �, �
<br /> :, ,;;
<br />-`!_'-'--- I _ _. �' ',:;:; �1.ADJl1STABLE INTERESTRATE AND MONTHLY PAYMENT CHANGES '
<br /> --- ---- ;� ,. , .
<br /> ��' A C e . .
<br /> ( ) bna D�tes
<br /> �.�,,,.
<br /> Q
<br /> �s '�_•; The adjustabk interest rate 1 wlll pay may change on the first day af M�Y .19 9y
<br /> ��;;. . .:, .
<br /> -=_ ��------
<br /> �� .. and on that day every 12ab moath theroafter. Each dete on whied my adjust�ble i�tere���r�te could cbanQe ic
<br /> :�;�� ' ' . calkd a"Change Date." , , . , �
<br />'�:�k � (B)T6e ladea � ,.
<br /> ;,;z,•— � �� � • � �:�•' Beginning with the�rstCh�nga QDA�e,my adjustable interest rate will be based on an Index.The"Index"is
<br />+!!�t : ;�,.�'.�' t�hre wakly everage yi�ld oa United Stntes 7YeQSUry,ecurities adjusted ta a cvnstunt ma�urity of 1 year,as made
<br /> ` ' 's {`�1 F'� � � ' ucai{able by the Federal Reserve Board.rhe most necent Index figure eveilable a�of the date 45 days betorc each
<br />:;�jf, I��''T , '���;�.,•Ciwag'ep�teiscalledthe "Current(nciex."
<br />°'"-� �, '�+i,, � � ' 'I'�•� lithe inQex.is no longer avoilable, the Note Holder will choose a new iadex that is based uponcomparable
<br />- � �' .�� �, ;��infarmaaion.�'he Note Holder wil 1 give me notice of this choice.
<br /> r.�,,,y � '; '(C1 CAleulAtbn otChwages 2.7g�
<br /> , Befote each Ch�nft�yP�e.�he Note Holder will calculate my newinteres�rate by adding
<br /> ��' '� '' ' rcenta e ints( �� �r Ito the Current Index. The Note Halder will then round the result of this addition
<br /> � P� 8 P�
<br /> = . :,,,�,,.:c.,, • to the nearest one•eighth of ane percent�ge point(0.125�).Subject ta the limits stated in Section 4(DI bebw.this
<br /> �:,,� ,,,rounded emount wil I be my new interest rate until the next Change Date.
<br />- _:� . ' The Note Holder will then determine the amaunt of the monthly puyment thnt would be sufficient to repay
<br />= ` "'�'��r,;'��:�,;�' , �he unpaid principAl that 1 nm expected to owe at the Ch�nge Dute in full on�fie Maturiry Date at my new interest
<br /> •��'����'"� � •rate in substantiall e unl a ments. The result of this calaulation will be the new amount of m momhl
<br /> -': x� rl' ' .�, -:�..,' Y 9 P y Y �,P�Y'
<br /> '��i� ,: �.�-5;b;�;,l,��..t��(..' ment.
<br /> ';. •�::"�,Iv�;.,�.,,��;{:�,ir �
<br /> .��: � , ,,, (D)LImB¢s on Interest Rate Chs�ages
<br /> �: � �.���.;;,�: :.��: 3 ��� ?.50Q,
<br />�+ t�'},�.�•.. T e est rate 1�m required to pay At the fir�t Chnnge Dute will not be greater than �
<br /> `" �'�'"��;�;�"��'•��;{ , i thun • Thereafter,rny adjust e interest rute wil l neve�be incrraseJ or decreused on any single Ch .+.
<br /> �3 s,.,�i�, , ,,.�� T�b �
<br /> �4;'��'�f.�� 1'T �, a`';. by more than percentuge poinqsll ''k ro rute of i�terc.t I ha�e been paying fbr tM precediag r. .o.,ths.
<br /> ., � �'�.�o''��
<br /> �� ,+,�;'���t,�: My interest mte will never be greuter than k,which is culled the"Muximum Rate."
<br /> �, �:��.;a,►'r' (EI ERective Date of Cban�es
<br />-''• ����� �` �� M new interect rate will bernme effecti��e on each Chan e Dale. 1 will a the amount of m new monthl
<br />- _ •�,�;,+ui�:;�s.���;.iL • Y F p Y Y Y
<br /> ,�"""�°'" v a ment be innin on the firs�monthl a mem da�e ufter the Chao e Ds►ce uatil th�umount of m monthl
<br /> . �.�xy{kS;�--'�'�''s,.,i � � Y �� B Y P Y 8 Y Y
<br /> '.�� � ;.`d. ;:r.Xt�' �•:F, • �yment changes Aguin.
<br /> -.,�:;':., ..��- ':�, � IFINWIceofC6�wges
<br /> � � ,• �?_,''i,.: �
<br /> �s:�� �f� , �::v. .. �, 1
<br /> '•ti}: t�{��� ��=:,_z��;;�� , . Tht.i�Pot�Nalder will deliver or mail to me u notice of aoy rhange�in my udju+tublc intere�t rate and the _
<br /> ' r . p•,.: . �'
<br /> •,; �,{lti .. ��r amount of my monthly payment before the effective Jute of any change. The n���ice will include informn�ion -
<br /> " a �i'i`�'{",�,�h'`� '�' f��'� � required by law to be given me and alsu the�itle and telephone numbc:r of a person who will answer uny question
<br />.'�,;� �:;}it�fs�„�. i�,�,t -
<br /> �� f:F''�:i�;E�.` �f�t� � 1 mey have r+egarding the noti�. -
<br /> �
<br /> ,���� �`�j�°+'�'`'' F ,t f�"
<br /> _:tl�� � . ��, �,;�.n�:�ti _
<br />,,�,�:��,l;�!',���,.it:�;�;�;,. B.�IXF.D INT�RES7'RATE(IPTI(�ri ,
<br /> =�°°"""'°°'—�'"-�:�` . The Note provides forthe Borrnwer's option w convert from an adju�tubl�interest rute with interest rute :
<br /> =��',=.r,1.�1v?`'-� n��;y,f,' , aimits to u fixed interest rate.as f�lkiws: '
<br /> ��
<br />._�i . �'f-•`� ��� � � B.FIXED INTEItFST RA'fE C01�i�'F.IRSlON OP7'YUN
<br />_ �.
<br />:� �,��� -`h���' .� (A)Qption to Cmven a Fi�ed Rsc6e
<br /> ;� '
<br /> °=� • ' �`� �'; I h�ve a Conversion Opeiwn chat I can exercise unless 1 am cn Q�fault or this Section S�A�w•ill not permit
<br /> �� '`� ��� �;��;• :me to do so. The"Conversiore Option" is my option to rnn��en ttrre interes�rate I am reyuired to p:ry by thi�fYote
<br /> _1\fi . • . �
<br /> �. . f• }.t, `�,
<br /> -'— ''" d;'�:�`Ci' . from an adjustnble rate witri i�rest rote limits to the fixed r.ue c;z{cvtaced under Section SIBI belou:
<br /> ,.;,:. �i�"1,:,';f7•�•�;;ti'•. . .
<br /> � �•-'r';,�`�.�.�� ;:,Z: ,' The conversion can only t�l�e place on n date(s1 specitied 6y the Note Holder during the perinci beginning on
<br />� �;�,;�?.' ::':� ��'•i the first Change Dnte and ending on the�f�h Ch�nge Date. Each dute on which my ndjustuble interest ratr cAn
<br /> , cnaven co the new fizeG rlte a calkd the••Can��ioa Date...
<br />- :a:. - _
<br /> ;���?"1 MIIITKTAT�CONYiNtDIHAOJtlC7ARENRa��3't—ARM PLAN67—S+pM FaeW t f Mw�IMwyMM■d��nMIW tleM�r�Iwv�wM fawitNtA1
<br /> ��`,��.��`''�� •t,.; NAIFL�AOQiCliWO �r�r.��+:nr.•,
<br /> t�7r�_4��_.�:�:;;��:�r.',
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