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<br /> � ADJU9'Y'ABLE RATE RIDER 9�� �`�8
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<br /> � TH19 ADJU31'AHLB RATB RIDER U m�de thts 2 2 N D �Y o� J U L Y �19 93 ���
<br /> inoorponted into�utd sbdl be damed ta amend aed cuppkmeat the Mortp�e�Deed of Tniu or Security Deed(tbe
<br /> ��security lnstrumeac")or eho,anie d�te dvea by ehe tuidad�ned(cha��Borrower")�Q�ecum Borrowa'�lW�wt�bte
<br /> -_� �' • R�teNoto(the"Note")w tne EOu�t�01� Bu�itl�ng �n0 �o�n Aeaoc+�t�on of nr�^d I81�r.d,N�br�zs�d, A --
<br /> F�der�t S�vinpa Bmk (the••1.anda'••)oitheu�med�teaadcovpiWiheP�oPMY��
<br /> ia the Security Iw�rumeat snd located�t:
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<br /> 1512 �RAND AVE QRAND ISLAND, NEBRASKA 88g01
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<br /> THE NO'R COIiiTANIiS M101�SIOKS ALLOWINO FOR CNAN�3ES IN THE INTEREST RA'�
<br /> MfD THE MO�ITIM.Y P�AXMENT.THE NOTE UMt1'S TNE AM011NT THE BORROWEH'S
<br /> -- INTEREST RATE CA�N CHAN�iB AT A�IY ONE TIME AND T!�IMAXIMUM RATE Ti1E M�ii-
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<br /> ROWER Ml�BT PAIf.
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<br /> ADD1TlONAI.COVENATfi'S.In additbn to the covenpnts and aigrea�avenu made!n 1he SecuritY�es1�. �r_._
<br /> _ Borrower and I.ender tLrther cavetuint and�ree as followa: --
<br />.,.•." ,�4y.:.
<br /> .y���.; A.IN'1'EREST RATE AND MO,'Yl'HLY PAXMENT CHAI�GES
<br /> Tde Nou provides for anlniti�l iaterc�t rate of 4, 7 5 0 �•T�Nou provides for chaa�es in the interat rate aad tl�e
<br />''�- • a4onthty payments,as tollowo:
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<br /> • �.INTEREST RATE AND MONTHLY PAIPMENT CHANGFB
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<br /> _�:;�;`_ (A1 CYa��e D�tea �
<br /> `'• �""��'`.{• The interest rate I wW pay may chanse on the flrst dny of AU C3U S T 199 4 .and on thot day
<br /> ;;,� - ,''P�"��'!�''%/ � .� n —.
<br /> '� x' 'ti� • every 12th month there�fter.F.ACb date oa which my interat rate could ch�e is caUed� ChaaQe Date. •
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<br /> : ^�� ,�r,.'...,.;,�;��F, ' ' � Be�tnaing with the iirst Change Date.my interest rate will bc based on an Index.The"Index"is the wakly
<br /> ���,�-��,;;•'.,:�.!�.'rr nverage yleld on United States Tre�sury sxu�ities adjusted ta a constant maturity af 1 y�u,as made avaUable by
<br /> `��y' '''''''��� thc Federel Reserve Boud.The raost�ecent Indlex fi�ure available as of the date 43 dpys befora eacb GhanQe Dete
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<br /> ' "' i�cafied the"Current Index."
<br />� „�,'. ��''`�.;:.E.:�?,' If the Index ia no bnger available,the�c�7 e Holder will'choose a new index which is based upon comparable =
<br /> ` � information.The Note Holder will give me notice of this choice.
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<br /> � :'��;r�jf�,� Hefore wch Cht�nge Date.the Note Holder will calculate my new interest rate by adding T�
<br />_�. �:�'...�„�F'��:+��,:..�.���-K percentage points( �.000 pi)to the Current Index. The Note Holder will then round —
<br /> 'f��'�;j;��'r;;�4��;1��,',' .' the result of this addition to the nearest one-eighth of one percentage point(0.125%i). Subject to the limits stated �"
<br /> �,'`� �,���"F�r•�'.�,,?��as,:at'� • in Section 4(D)below.this rounded emount will be my new interest rate until the next Chan�e Date. --
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<br /> _; ,x��.,� ,�,;..,�1�r.;.,.,���= The Note Holder wfll then determine the amount of the monthly payment that would be aufficicnt to repay �:.
<br /> ��• ���,��`•""'� ,J�",�: the unpaid pdncipal that 1 am ex�ected to owe at the Change Date in full on the maturity date at my new interest
<br />�- ��' �.���t.��'"`ri�"''��'` rate in sub�tantially equ�l payments.The result of this calculation will be the new amount oP my monthty payment.
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<br /> :� �. .�, '•�:)�,:. :° (D)Umils on Inlerest Rate Ct��n�es
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<br /> ` ���''��° The intuest rate 1 am required to pay at the first Change Date will not be greater than 6.7 5�� ho or less than —
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<br /> ° 4.000 %.Thereafter.my interest rate will never be increa.ged or decreased on any single Change Date by �
<br />—_-__ `';; ', ,:;, _ more uu�n two perantage points(2.Ohi)from the rate of interest 1 have bcen payfng for the preading twelve months.My ��__'
<br /> ' .,',.:��,��;i; �, interest tete will never ix grcater than 9. 75C) hi. _ -
<br />�.r'`� ;;�'-'`-:.:. ,,':-'fij�,;,:'• (E)Ettective Date oi Chaages � '�`��
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<br />� . ; �' • • �. . •'• My new interest rate will become effective on each Chunge Date. 1 will pay the amount of my new monthly
<br /> - �;.�: ,':�:�.• paymeat beginning on thc first monthly payment date after the Change Date until the amount of my monthly pay-
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<br />_ ' ;��.;;i,; � IIICOI CIIY/1gCS ag81T1.
<br /> y t? �� (F�Nolke ot Chapges •
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<br />- % The Note Holder will deliver or mall ta me a notice of ar.y changes in my interest rate and the amount of my
<br /> ., '�,' _. � ,'.:�:;_'.: .,•',
<br />_ ° S,�<<,.�'.., monthly payment before the effective date of any changa �'he notice wfll include information required by law to .
<br /> '•�.,�;r,�:,;"..:,:;;,,r•S: °' , be�iven mc and also the title and telephone numbcr of a person who wilf answer any question 1 may have regerding , .
<br /> _ ,<�i�_ ' the noticc. i,��� .`
<br /> --`• ' �� ' '����j, B.T[tAN3FER O�' i'N� PRdPERTY OR A BBNEFtC1AL INTER�S7' IN BORROWER •
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<br /> ;-T.`�•. • �k Uniform Covenant 17 of the Securlty Instrument is amended to read as follows:
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<br />`;;� � � '+'•��"��`'�� •'��'�`•�'` T�ter ot the Property o�A 8eaeliciAl laterest io eorrower. lf all or a�y pan of the Proper�y ot any interest
<br /> "�`= ' _��hi�;.u,`��a:.:'` in lt is sold or transferred(or lf a beneficial��tereat in Borrower is sold or transferred and Borrower is not a natupal '
<br /> I� ';;•���.�•�i�:;.;;.��u.:. ., peraon)without Lender's prior written consent. Lender may, at its option, rcquire immediate p��ymtnt in fuil of 1 ",`
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<br /> r �„. • {''r'�' `� ; ai)aums secured by thia Security lnatrume�e. 3-lowever� this option shall not be esercised by l.en�ler if exercise ls i'
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<br /> ���:;;P��.'•'t�?;;,4'�`�° rohibited b federal law as di the da¢e af ahis Security Instrument. Lender also shall not exevcase shis option iP: ! � '
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<br /> �" :;.,,,,:���:'�sr�;•i�:;�t�,'� (a)Borrower causes to be subrtoicaesl ao d.e�der information required by Lender to evaluatc tE�e inteaded transfecee
<br /> -- <`���'�'�'�'�' � aa if a new loan were bei rmad�i�'t7�e sransferee; and (b) Lender reasonabl determines a�az Lender's secupity
<br /> � '����:,,�::�'�;�;`�• � will not be impaired by the�lou�asa�rn�iian and that the risk of a breach of any covenant or agreement in this Securi- i
<br /> � •,. �A= k�;-'�� ty Instrum�nc is�cceptable to Lender.
<br />��� . �'�' �,;'���, : To the txter�t permitted by applicable law, Lender may charge a reasonable fa as a condition to Lender's con- �.
<br /> •' .; �/��-N,'� '",�: '' seaC w the ioan assumptfon.Lcnder may also require the transferee to sign an assumption agreement that is accept-
<br /> � � �,.��.. abk co Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in
<br /> ��;:`t:'' this Secudty Instrument.Borrower will continue to be obli�atcd under the Note and this Security Inatrument unless
<br /> -- - , . x��"��� r r leases Borrower in wrltin .
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