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<br /> ��, ADJU�TABI.E RATE RIDER •
<br /> -' �. (1 Year'1YYaiuury lade:-R�te Caps-Fixed Rwte Coovenion Optloa)
<br /> :;°��� ' THIS ADJUSTABLE RATE RIDER is made th1s28Tk dny of AUGU8T , 19 91 ,and is
<br /> -_==�___-= incorparated into end shsl)be deemtd to omend and supplement the Mortgage. Docd of Trust or Security Deed
<br /> _�-�� - (the•'Securlty Instrume�t")of the same dute given by the undersianed(the •'Borrawer")to secure Borrower's �
<br /> �:�.
<br /> -- --- — Adjustnble Rate Notu(the•'Note")to NORWEST MORT�AQE, INC.� A MINNESO
<br /> �- ,
<br /> - CORPORATION Uhe'•Lcndcr")of the same dato and covering the property described fn
<br /> _,,� the Security lnstrumant and located at:
<br /> ::�;�
<br /> ,..� � -
<br /> --°-''�,� 5339 HILLSIDE DRINE OFlAND ISLAND, NE 66803
<br /> -� ---__� [Property AddressJ �---
<br /> -----.=_-�;�:��F"'j`� � THE NOTB CONTAIN8 PROVISIONS ALLOWING FOR CHANQES IN THE INTEREST RATE
<br /> AND THE MONTHLY PAY�UENT.THE NOTE LIMITS THE AMOUNT THE BORROWER'8
<br /> �_ _ �` .� � ADJU8TABL8 INTERE�T RATE CAN CNANGE AT I4NY ONE TIME AND THE MAXIMUM
<br /> -- RA7� YH� BORROWER 111UST PAY. THE NOTE ALSO CONTAINS THE
<br /> .�'��� %� OPTION TO CONVHRT THE ADJU8TA8LH RATE TO A FIXED RATE.
<br /> _-_-�_�,.}
<br /> .,_�_�. __ _. .
<br /> -�'�•.� "�� ADD1TiUNAL COVENANTS.in nddition to the covennnts anJ agrce�nents made ln the Security Instrument. 6- -
<br /> --- .d�;.,e:;�. ' __
<br /> �' ;�;=-. , Horrower and Lender further covenant and agree as follows:
<br /> ---._.���.
<br /> -���+*��; � � A.ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES =
<br /> .�'.'� The Note provides for un initial interest rute of7.000 °6.The Note provides the cbanges in the adjustable ��
<br /> �;�y�,��,_ . ; interest rAte and the monthly payments..�s follows: ---��
<br /> - y=,.:asa.tir.�•
<br /> �` ,�;�'�+�"' �� � 4.ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGE3
<br />-- �
<br /> `�� '� "�' �,. (Al C6page Dotes
<br /> `�'���' The adjustnble interest rute I will pay muy chunge on the first duy of SEPTEMHER . 1992 —
<br /> _-�-:�.:.�Mf . .
<br /> _ =h�:��,�z,:,�,:,; nnd on that duy every 12th month thereafter. Each date on which my adjustuble interest rate could chunge is
<br /> -_ -�: '- caiied n"Change Da[e." �-
<br /> ,��_�.. _ - (B)The lndex
<br />'�����:'� � 'r Beginning with the first Chunge Dute,my udjustublc interest rute will be based on an Index.The"Index" is =__,_
<br /> -�t; • � �� ,r;;;. the weekly avernge yield on United Stutes Treusury securities udjuzted to n constunt maturity of l yeur.ns made �
<br />__:r` � �.��,, h�''�°`,,, nvuiluble by the f-ederal Rtserve Bourd.The most recent InJex figure uvniluble as of the date 45 days Before ench '�-'�
<br /> ��:�i Chenge Dnte is culled the"Current Index." <.•
<br /> - ��.. ��..:...
<br /> - - `���.�..:,r._... If the index is no longer nvailable, the Note Holder will choose u new index�hat is based upon comparable ��
<br />_ � � � informution.The Note Holder will give me notice of this chnice. .__._
<br /> ''-� •��,�6o�sl�r (CI Cs�IculaUon of Chpnges _
<br /> '''�•'•'� •i�'•• �"���; Before euch ChAnge Date,the Note HolJer will culculute my newinterest rate by udding 2.750
<br /> �.�.
<br />�_'.`.�r ""'' percentnge pointf�.7S0 �/cl to the Current Index. The Note HolJer will then round the result of this uddition f
<br /> ;;�;:;;' �*.z;,.;. to the nearest one-eighth of ane percentuge point((1.I35�k 1.Subject to the limitc stuted in Sectian 4(D)below.this �
<br /> �� , � rounded umount will be my new intere.t rntc until thc next Chunge Dnte.
<br />_ ., ...:�. �
<br />�'.�,.• � .. " The Note Holder will then determine the umount�if the monthly puyment thut would be sufficient to repay
<br /> '.�;i � the unpuid principul thnt 1 am expectcJ to owc ut�hr Change Dnte in full on the Maturity Dute at my new interest
<br />"�°',� rate in substantiully equal payments. 7'he result of thi.culculution will be the new umount of my monthly pay- F���
<br />- ��`'''°� ment.
<br /> - :-_�" . . , �,: -
<br /> _--.� �'"'' � (D)Limits on Interest RAte Chan�es -
<br />�Y�' �z�!`•:�4�&%,. ,�� The interest rate I am required to pay ut thc fir.t Chunge Dnte will not he�reuter than 9.400 7 or les, ;,�,��
<br /> .�'a.
<br />__-'_ ��,�;,,,� ." . � tha�5.000 �o.Thereafter,my adjutitubte intcnst ruw will never bc:increused i�r decrea,ed on uny.ingle Ch�nFc Date
<br /> _���`'±. • by more thunTWO percentuge poinuslR. �/�1 from the ratc of interc,t I huvr tx:en paying for thc preceding I'!manths. �
<br /> :..,:..- . .
<br /> � .�-, ••�,y;. . . ' My interest rate will never he greuter thsib3.000 �k�. which is rulled thr"Muximum Rute."
<br /> '��' (E)Ei�'ective Date of Chan�es ��
<br /> .�•:� My new interest rute will Ikrame cff'ertive on cach Change Dntc. I will pay thr amc�unt of my ncw monthly
<br /> . •' puyment beginning on the first mcm�hly p�+yment dute uftcr thc Chun�e Du�c until the umount of my munthly •`,;�
<br /> puyment change,again. ��-
<br /> , � (F')Notkc of Chan�es ��
<br /> The Note H�Ider will deli��rr ur mail tu mc a nuticr uf any �hangrti in my ;►djustablr interrtit rate unJ the �
<br /> " nmount of my monthly puyment hcforr �hc rl'frrti�c dulc of an}• rhangc. Thr nuticr will inrludc inFormution
<br /> � � required by luw tu hr givcn me and ako the titlr und telephonr nwnlx:r of u peroon wlx►will un,wer uny yueation '
<br /> 1 may have rcgurJing the noticc.
<br /> • - . B.hIXED INTEREST RA7'EOP'1'ION �
<br /> �' " The P�{��tr proviJr+ for the Borr��wcr'.��ption to com•rrt from an adju.lahlr interr�t ratr with interetit rutr
<br /> ..�•:��.. � _��_ �
<br /> - s_.�_- .. .. ._
<br /> - --- unu�,iu u��rcv i�iic��.i idfc.u:0:.��,.:,::: � -
<br /> • ' � ' S.FIXED INTENMS'I'RA'fl�:CQNVERtilON OI''17UN �
<br /> , � :
<br />` ' " � lA)Option to Conven to Mix��d Ks�tc
<br /> ., .� � 1 huve u C��nvrrxii�n Option �hut 1 ran exerci,r unlr.. 1 am in det;�ult or thi�tirctian S�A► ���ill n��t prrmit
<br /> mr t��d�� tio. 7'hc "Cunvcrsion Optic,n" i. my up�iun �u rai»rrt thr intrre�i ratr I ;►m rrquirrd ���pu� n� thi� Ni�tc '
<br /> � ° fmm c►n udju�taMr rute wilh interc,�rutc limi�.w thr fized rutc r:dculatcd w�drr ticctiun S�N1lxlow�. .
<br /> , . The cdnvertii��n can only tukc plucr un a d•rtr�.� ,prrifi�d h� �hr N�i�r H�iWer Jurin�;thr periud Ixginning on
<br /> , thc first ChunFr Uutc und cnding nn thr tifth C'hangc Dutc. Each datr�►n which my aJju+trblc interc,t ra�c ran
<br /> ~ convcrt to thc nrw iix�l rate i.cnllyd th�"Cam�cr�iim Datc."
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