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. <br /> 99-sass99 <br /> LOAN ��: 7856362 <br /> (the"Lender")of the same date and covering the property described in the Security Instrument and located at: <br /> 2417 ARROWHEAD RD,GRAND ISLAND NE, 68801522 <br /> [Property Address] <br /> THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED <br /> INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS <br /> THE AMOUNT THE BORROWER'S ADJUSTABLE INTEREST RATE CAN <br /> CHANGE AT ANY ONE TIMC AND THE MAXIMUM RATE THE BORROWER <br /> MUST PAY. <br /> ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br /> Instrument,Borrower and Lender further covenant and agree as follows: <br /> A.ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES <br /> T'he Note provides for an initial fixed interest rate of 6.3 7 5 %.The Note also provides for a change in the <br /> initial fixed rate to an adjustable interest rate,as follows: <br /> 4.ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> (A)Change Dates <br /> The initial fixed interest rate I will pay will change to an adjustable interest rate on the first day of <br /> J u n e , 2 0 0 6 , and the adjustable interest rate I will pay may change on that day every 12th month <br /> thereafter.The date on which my initial fixed interest rate changes to an adjustable interest rate,and each date on <br /> which my adjustable interest rate could change,is called a"Change Date." <br /> (B)The Index <br /> Beginning with the first Change Date, my adjustable interest rate will be based on an Index. The "Index" is <br /> the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year,as made <br /> available by the Federal Reserve Board.The most recent Index figure available as of the date 45 days before each <br /> Change Date is called the"Current Index." "` <br /> If the Index is not longer available, the Note Holder will choose a new index that is based upon comparable <br /> information.The Note Holder will give me notice of this choice. <br /> (C)Calculation of Changes <br /> Before each Change Date,the Note Holder will calculate my new interest rate by adding <br /> T W 0 & T H R E E-Q U A R T E R S percentage point(s)( 2.7 5 0 %) to the Current Index. The Note <br /> �-843U(9705).01 CHL(09/97) Page 2 of 5 Fprm 3182 5/94 <br /> l� <br /> CONV Initials: <br /> ARM 5/1, 7/1 & 10/1 Rider � <br />