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<br /> �• THISADJUSTAOL.BR/1THRID8ti1�m�N�hb 9th �yof __.�-- �y ----- ---'�091 '
<br /> . ... :�;:. �nd i�inoorparud inta uid sMll M de�mrd ta�mend�M wppkrt�n��h�Mon�r�e, I�d of Trusl,a Secuthy Ueod Uhe "Saudty
<br /> ,r imtrumanl")of UN wa�d�t�slven by�he undml�ned(�� Borrawa )�o�ecure barrown�AdJwi�bt�R��e NM�l�h�"�Me")la��
<br /> . Iti0lIL�L�.!VINGt�LOAN A�s�31AT10N 0�0lIAND I�LAND.N!/IIA�K�IIM"t�der")af�he t� dne �nd wvaln�Iho
<br /> P��Y da�crlbrd la the S�curltY Inurwaent�nd loalal�t: .
<br /> � 233 S Oak St� Grend Island. NE 88601
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<br /> � ; -,.•�,• �Propeny Addrest►
<br /> — .ti?•f..�:� TMb �oM co�ql� Pro�NioM�Ilowiq fa eM�� U �Y I�IerMl n1e ��d ar owlMl�
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<br /> ,���,,.,;.?j::`' p�r�e�u.Thb�ote dw IMrlu IM�wo��l sf I�lerat nN c�cM���t uy oM IbM�d
<br /> --�,-�.:n=S� �ho IM M���IM�wulrr�nt�1�wt p�7.
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<br /> --�`�,.� ����.�:��:'J. ADDITIONAL.COV6NANi'S.ta addidon to�he coven�o�s wd�rocu�ru�e mwle ia 1Ge Secwity{wuuuxat.Bo+ntwra And I.ender . �__
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<br /> ���,. , � �llllf COVCIWU�Od�[fOQ�f�OIIOM�i:
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<br /> — ;�w`^ •"•'� •�' ,•. A. INTFitES7'RA7E AND lNONTN4Y PAYMEN7'CiIANGES
<br /> • r�. . ., . , .'� The Note provida for an initial interat rate oi ?.2� i�.Seetion�ot t6e Nae provida iot ch�n�a ia the intercst rate�ad We
<br /> �-'� �::� . monthlY P�Y�nh��s tollows:
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<br /> �` ��� �, INT��@EST RATE AND MONTNI.Y PA YMENT CHANQES
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<br /> '•:�i.;c•��. ;};E: � - /��t;� lA) C�R�II�ta
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<br /> ,.Lr'`r.: �;,r;," r �!,`i iataat r�te 1 will pay m�y chmge on Ihe flrst dasr of June ,1992 .and on Ihat day every �,r...
<br /> ••�,:!�fs�' �� months Iheteatter.F.ach d�te an wMch my interdt mtr could clwn�o is caUed a"Chan4e Data•"
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<br /> BeRinaina wfth tlu flat Ch�aQe Date,my Intaest nite will be based on an Index.The"Index"is the weelcly average yleld on United Slete�
<br />:-°�'.��:'.,'_ �• hytrj° �', �';Ij��,`i:}y1'�,:'
<br /> � , a�r"� 7Yeasury securitia ndjusttd to a conat�nt maiudry of 1 year,as mwde stv�llabte by the Feder�l Reserve Haud.The mo�t recent Indr�fl4un
<br />._,� . � ��� avail�ble aa of the date 43 days lxtore ach Ch�nQe DAte is called the"Cunrnt lnAex." '�=
<br /> `s.-.. :> 4�' , .�;f;i7' ,r If tl►e Indea b�o longer avalls►ble. the Note Holder w1U choose a nea indac whlch is basM uiwn comparabk iaf�don.The Note �_
<br /> .' �r.�!%`���r� Hakkr wUl�lva me nenice af thl�choice. Ec':''�-
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<br /> . ,;C:� ���:i•,.,;��;.. (G� �lcuuiAawafC�wa�es two and one—half •_•+•:;_
<br /> �`.'. ,. " Beforc ach ChaaQe Da�te,the Nae Halder wili calculate my new interest rate by adding percen�age �+�:
<br /> . � � � poinu( 2•5 �Ao)ta the CuRent lndex and rounding ro the ncarest I/81h oi 1�i,subject to the Nmfu:lated In Sacdon 4(D)bebw. ,;:s_
<br /> • , Thb rouaded anount will be my new interest�ate unNl the next Change Date.
<br /> ' "`4 " The Note Halder will then de[ermine the amount oi the monthly payment�h�t would be sufficfent to repry In NII the principal 1 am
<br /> ,. �- ' '� " . t C e Dnte in:ubsunUaUy equwl payments by che matuHty date at my naw Interat rpto.TThea raidt ui Ihit cakulaUoa �'.•,
<br /> , , expectod to owe on h�t hana
<br /> . ; . " wfll be the new amount of my monthly payment. —
<br /> . '. (D) U�Ido�l�lerrlRUtCY�e
<br /> ^�{. „ The intera� rate 1 am requirod to pay et the fint ChanQe pate will not be areater than 9.25 �rytw leu than
<br /> 4�.Therrafter,my interat rate will never be increased or decrcased on any sinQle Chanae Date by more ihan
<br /> Z•� from the t�te of interest I have 6een{wyinQ fw the preceding twdve months.The miMmum fn�eres�ra�e on�his lan wi0 never 6e ~
<br /> :� '` �'^���` . ,;� .'� lea�th�n 5.25 �and thc ma�cimum fnterat rate wHl never be Qrea�er th�n 12.2S --�A►. =
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<br /> r. . c• . (E) Effecd�e D�te of Cla�a
<br /> �'� My new intaat rate will become effective on each Change Date.l will pay the amount of my new monthly payment beQinninQ on the lint
<br /> • � ' •.,�Z,�• monthly payment date aftet�he Ch�n4e Date until the wnoun�of my monthly p�yment chanQa aQain.
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<br /> _' . ' (Fl Notkeof Cbs��a .
<br /> Y- " • The Note Holder wlll mail or deliver lo me a notice before each Chanae Date.The notia will advfu me of: �_
<br /> . . . ;, _�_
<br /> _ , ., : • ' � . (i) Ihe new interat rate on my loan as oi the Chunge Date; �,�
<br /> � � ,`,�. . . " pl) Ihe amount of my monthiy payment following the Change Datc: "'�''
<br /> - �.• „ • (iU) rny addiUonal matcen which the Note Holder is required to disclose;and ��,-
<br /> � � (iv) the addras of Ihe assaciaUon you could canlact regudin�any questions about the adjus�ment notia. �=;
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<br /> ,;, D. CHARCEB;LIENS '`'
<br /> ' ' Uniform Covenant 4 oP the Securi�y lns�rummt is emended 10 rcad as follows �'�
<br /> � � �, Cp�r�{ea=I.ler.Bonower sh�ll pay all taxes,assessments,and other cherga,fina,and impositlons altributeble lo�he Property which may
<br /> �, d �tldn e p�iodty ove��his Security Instrument,and leasehold paymems oi'ground rmts,If any,{n the manner providcd under par�graph 2 hereoP �
<br /> or,if not pald in such manner,by Borrower making payment,when due,directly to the payec thereof.Borrower shdl promptly furnhh Lender
<br /> ' ��� ' all notias of amount:due under this paragraph,and in�he event Borrower shall moke payment directly,Bonowtr slwll promptly fumish to I
<br /> "' Lender receipts evidencing such payments.Borrower shell promplly discharge any Ilen whfch has priority over this 5ecu�ity Instrument;
<br /> • • . however, Borcower shall not be requlred to dfuharge any cuch lien co long as Borrower: (a1 shall a8ra in wri�fng�o ehe p�yment of the I
<br /> • obliQatfon secured by such lien in�he m�nner acceptable to l.ender;lbl sholl in goad faith contest such lien by,or deRnd adainst enforcement oi �
<br /> such Ikn M,legal proceedin�s which in the opinion oF Lender uperate to prevent the enforcemen�oF the lien or forfelwre of the Properly or any ;
<br /> � pan thercoi;or 1c)shall securt from�he holder of such lien an agrcemen� in a(orm sntisfactory�o Lender subordfaatinQ su¢h Ilen to thfs }
<br /> Securily Instroment. i
<br /> If Lender determfnes that ull ot any part of thc Pru�xrty�s sub�c�t�o o i�en wnicn may nnain a privriiy uvR .n���u�iir i��s�iu�i�a�a, •
<br /> � � Lender shall give Bonower a nottce identifying wch Hen.Borrower shall�atisfy such licn or take one ur more oF the aceions set focth allove
<br /> • .�4;.._, within ten days o(the QivinQ ot the no�i��e.
<br /> �. ���' :: . � :� �- �� �
<br /> ���;+ ' � '� � �' Uaiform Cwe�aac 11 of rhe Sauncy Inurument is amended�o rad as followti. '
<br /> ..• , N, !�{Mice.Excent for aqy notycr reqwred under apphcabk I�w ro be flnven i n aitotHer eunnet.Eal any rta�ce co 8orro.a �+rw�deJ Cur m rlus
<br /> ..;,,,.,',,';', • . ' ..' Securiry Lesrrument shaLt be given by ddrvanng�t or By roulug�[bv rrsr class mad ro 6orrovrtr ar tAe Property Addrcsv or a[tucR orAer sddrac '
<br /> �,,,.�•,.'." �;� :, _ _ , as Bortower may desi�rrate by nolice to Lender u�rovrded hercn,and Ib1 yny rto�n:e co Lender sArll be gnm by fi nr cl:ars mul ro Lrnder'ti ;
<br /> � . . � — — addreu sqted Itucin or ro such other address as I.ender may des�gn�a hr not�a�o burrowcr as pro�ided hercin.An�n�x��e prov�ded Cor m ch�.
<br /> • •�� Security tnvtrument shall be damed to have been gi�en tu Bortower ur Lrnder when gi�en in the manner design��ed nerem.
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