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<br /> TH18-AA,IUSTABLB AATB RID�R li mado tAts 27Tt(,d,ay ot �AV � ..19 9� .and��, , -.
<br /> , � . Incorporated Into and shall6e deemed i0 amond end aupplemant�he Mottgege,peed ot 7tasYor�cbud�Y��,rid-• —
<br /> _ (ipa,"$ecud�y Inaltumont")of the seme dete glven by�he uedeFslgned tthe"BOrro�ve�")to secora 8orrpwetY
<br /> Ad1un[ebte Rete Note(the"Note°).to NOR{IH¢T FfOATQlIaS r INC. , .A t1INN88�TA `
<br /> -- CURPARATIOH Uho"Gendar")of tAe�emd A6te and eoveflng tAe propetty dauri6ed In ' . "'
<br /> ` ' tha SecuNty Ineaumen[end loca�ed at: ,." '° `�.`°-" ' '
<br /> 2N16 NORTti PAttK AV8NU8 aRAND ISLAND, HH 68908 •
<br />_ _� [PtoperryAddras] .
<br />' '?? THE NOTE CONTAINB PROVISIONS ALLOWINO FOR CHANa881N THH INTEREBT flATB
<br /> =N . AND TN6 MONTH4Y PAYMHNT.THB NOTS LIMITB THB AMOUNT THB BORROWER'8
<br />':;=� ADJU8TA8LL INT@REBT RATE CAN OHAN�E AT ANY ONH TIMB AND TH8 MA%IMUM
<br /> �q RATE TNE BORROWHfl MUBT PAY. THE NOTB AI.80 CONTAINB THH
<br />;'^;;%1 OP710N TO COidVERY THE ADJU8TA�L8 flATE TO A FIXHD RATE� _
<br /> `'=i ADDITIONALCOVENANT9.[neddiHontothecovenentaendagreementtmedeintheSecurirylnstrumen6
<br /> ;:.
<br />.«':� Bonowar end Lander further covenene and agree en followa: --
<br /> ,' - _
<br /> _,i A.ADJUSTAflI.BRATEANDMONTHLYPAYMENTCHANGES P
<br /> The Noa provides for en initial interest race of 5.000`X+.The Note providea the chengcs in tha odJustable �;,.
<br /> �� intemt rete and the monthly paymenes,ea follo�vr. �
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<br /> ^� A.ADJUSTAOLE[NTEREST RATS ANll MONTHLY PAYMENT CHANGES �''` `
<br /> �j (A)Change Dates ; 'S
<br /> ,j The ad ustable inrerest rete 1�vill a mu cM1an e on the flrst dn of . �a iIs
<br /> J P Y Y s Y JUNE . �9 94 rr ,t .M,
<br /> � and on Ihal day every 121h month thereefttc Each dole on whicL my nJjm�abie inlereat ra�e cuu1J.6ange Is �"�'� qk. -�
<br /> ' celled a"Change qate." � `'`2 i — .
<br /> (D)The[ndex� '�t�`5°s�t �.
<br /> -;j Ueg(nning wlth the flrst Change Date.my udjustable intcrest rnre will be based on an Indez.�ihe ^index"ia ;�,YS � ,,; ----��;-�
<br /> L;� the weekly everage yield on Uniced St¢res Trcasury securi�ies adjusred ro a consmnt mnwrity of I year,as made ;y,< <��+�,�rm*�«'
<br />.:;?��� evelleble by the Federal Reserve Boerd.The most rccent Index figure available as of�he dute 45 days beforc eeeh �[,;t�:,,��p�;;�:-
<br />_ ;� ChungeDateiscelledthe"Currentlndez." "�� , r�'`,}{y��;__.
<br /> h'�i� It the index is no longcr nvail¢ble,the Notc Holder will choose n ncw indez[hat is bued upon compareble ';s�,�z r 1 4Sz 1'+ �:
<br /> -� informntion.TheNoceHolderwillgivemenoticeoithischoice. �� �,j `r�'- �
<br /> (C)Celculatlon of Changea i=�y�it� �t�?s��� �.-.
<br /> y Before each Change Doce, the Note Holder will cniculate my newinecrest rute by ndJinS 2.750 `�� rt}� s�'y�:si 3�
<br /> 3:� percentagepofnts(2.750 �.E)to thc Current Index. The Note Holdcr will then round the result of thi:uddition ,{'�E,'4{ t ��: � ��-
<br /> i� rothenearestoneKighthotonepercentngepoint(0.1_5'�l.Subjectro[helimitss[u�edinSection4(D)below.this -'.51 ss ?
<br /> ' xd ' .� G.:
<br /> rounded nmoum will be my new intcresc ratc until ihe nezt Change Data , ,�{e d- `<`} "'
<br /> The Noce Hoidzr w•ill thcn detennine the amount o(�he monthly payment thn�aould be su(ficiem ro repay �-' a,,� ,���_=7 ��'-
<br /> _�� the unpuid princip�l tha[I nm expecced w mre ut the Chnnge Date in fuil on the Mnwrity Date nt my ne�v intercst ';� �'� { y�-- '!y � ,:
<br /> mte in substentinlly equnl puyments.The reiult o(thi.culcui;nion will be the new amount of my momhly pay : +�� 1�'„ ��,;f �
<br /> .._...! ment. (,* wirr� -- r;'.isJt'�'��
<br /> (D)Limita on Interest Rate Changes SC , � �
<br /> The interest rne I am reyuircJ�n pay a�the fint Change Datc���ill na[6c grr.ner than 7.000 `� or less ; ,; , �S�.f �ik '�
<br /> -_.� th¢n3•000 �.Thereafter.myaJju+tableintere.�mte��iline�crlxincrea.edordecm:ueJnnany+ingleClungeDate r� 1�1� } M1•��
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<br /> by more�hanTNO perceniogc pnim(.l 2.`A l(mm thc rate�t mhm>�I ha�c F+cen�rying 1'nr ihe prcttvling I?monthz /-i�� r��`r ;� �S o-
<br /> M mterest �ate x�ill ne�er be rcarer th�it .000 S4.xhich�+calleJ�he"Ma<imwn Raie:' �:,, ,.�, r�iei�:f_ i=
<br /> Y � F .-[�,..,;,.: " -
<br /> (E)Effectivc Oatc of ChonRes �. :S; �� '`_�`
<br /> My new interest rate�vill hecnme eftectice on earh Change Date. I ��ill p�p tha amnunt of mm�ew momhly ..c.,.4.�.'�'.:t:_ .iF_.
<br /> payment beginning on the(im mnnihlr patment J:uc:dier�he Change Da�c umil Uu amnunt nf�ny monthly -•� <�
<br /> �;=„ paYmcnt changa again. . ."�'�j��: .
<br />_���! (F1 Notice of Chxn�es �
<br /> The Note Hnlder will Jcliccr or mail �o m.a nutirc .�t am .6ange. in m� nJjmtabk intera.t ra�e anJ the �-. _': � : -
<br /> amount of my monthly pa��mem bcfnrc �hc rlfc.�i�e J:��c ul :m� rhangc. Thc nrtirc ��ill incluJc infnrmation � -. � -
<br /> rcyuired by law m bc gi�en me and al.n�hc title:mJ tdephnne mm�her o!a pcnnn«hn�cill an.aer anc yue.�ian � . ' �
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<br /> I may hacc regardinF ihe nn�iar. � � _
<br /> - D. FIXED INTERFST RATE OYTION :
<br />- - � The Natc procidc� (onhc Bnrru��cr:nptiun In cnmrn Irum an adl����:�hlr imcnv ratc with imcrc�� ra�c � _
<br /> � ] limi�s to a fxcd intcre.t rata a.(nlinw.: ,
<br /> '���`i C C�YCnIMTL`O0.T�ATCI'lIUCFI]l'I(lA'(1VPI/1N '
<br /> `'`� V fAl OpUon ro Comert ro F'Ixed Rnte
<br /> � 1 have a Concersion Oplion�ha� I ian c�cru.t unle« I JIII 111 JC�JUII nr thf�Sccbon 5c A�«il l mn pernut
<br /> ] me to do so.The °Convenion Opt�o�i' n m� np�ion to mmcrt�he imcn.t r.ne I am nyaircd iu ry� h�thi. Nn�c
<br /> ���� Gom an adjus�able r��e�rith interc.t rate Ifmi�,tn thr fixeJ r.rtc ralcula�ed undcr tialinn ttl3�Mlo��.
<br />_ ;:}�� The mmer+ian can nnly take place un a d:ne�.i�peci(icJ b� the Nate HnIJtt during the pcn��l begmnin¢on
<br />-'_;.'.- the first Change Dme and ending an �he fif�h Change Date. Eiach da�.nn ��hich nrc aJju.�aMe imerral r:rte can
<br /> _ mmcrt�o�he new fixed re�e i.called�hc"Cnmeninn Darc."
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