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<br /> �'•� �� 23rd August
<br /> THISADJUSTABLBRAT81tID8Rb�thi� d�yot .199��,—•
<br /> u�d b Incorporat�d ieto�nd�hall M dMm�d w�rtund�nd�upplanait tht Mat�{e. DMd ot Tnut,or S�cudty D+�d (Ib� "8�cucltY
<br /> -�'� ;s»., lmtruu�n►N')oi�he wm�dats{iven by tho undmi�nod pbe"Barrowa")to ienue Borrowet'�AdJurl�bte Rate Nota(tltie"Note'h to NOM�
<br /> �.`�' F6DBML sAVlNtis 8 LOAN A8liQCIATION OF OMNp IfaLANO.NEOIWKA(the"i.ender")ot the�me dau wd oa�ri�UM -- .
<br /> - �� OtopenY dacHbld IA tbe SilCUdtY lmlrunleat�nd located�t:
<br /> :;� —�-
<br /> � 2220 W 13th. Grend Island, NE 66Q03
<br /> _::c cw.w:,., (��Y��) _
<br /> -- vy� 7'Yr �ote cortdn pnrYlor �Uowt� ta clpr�a U �y i�teral raq �i �1 ��l
<br /> _"„''!''� pl1��e�ta.?W�ote�ho Ilnib IMt 11�1W1�1�1y I�isewl nIN cM criYl�e�t Y�oM tIIM IIN
<br /> �. a �Iw IM�I�Uw�wd IM ydw nq 1�wt pq.
<br /> ±r,;��.3qlq� w �w
<br /> .�. _�.�. •� ,
<br /> - _='T--,; .. ADDITIONAL COVENANTS. In qddldon to tAe covenanu aad a�reamenu m�de in tbe Security I�trummt,Borrowa u►d lAnder --
<br /> �'�Y-°�°'•�` . tluther covenant and a�ee as folbvv�:
<br /> -u_=^.:,zt._
<br /> --��
<br /> �,�""'� A. INTF.RRF�T RATE AND MONTHLY PAYMEJ�VT CHANGFS
<br /> • y;y,`�
<br /> `�,. p 71ie Nae provida fo�an inidal interat nte oi d•5 9i.3eMion 4 of�he Noto provWa for cbaa�a in t6se lMant rate+iad the
<br /> y�.`'�_;�z... .. t
<br /> _r monthlY PsYmeptf�ai fO110W/:
<br /> �{- .`i'S:i:
<br /> - '��,F�i�3+YL '
<br /> ---- �."-�s-� "`�„ �� ' I. INTF.RiEST RATE AND MONTNLY PAYMEIVT CHANQ6S °_ -
<br /> =�r���r:.m+::e7�i.i ,� ' �A) C.��f Ddes �`��
<br />=--'.s , �:'',;`;; September 92 _-
<br /> �����#�� 12�interat mte 1 wlll pay may chanae on the flnt dwy of .19 .aniton Ilut d�y averY
<br /> ' � montht therwfter.Fach date on which my intaat rate could chwqe is caUed a"Chan4e D�te.'• ...
<br />-� ,�. ,._ ., --
<br /> ''�}�y;�_t�,'.. (Y) T4e 1� —
<br />"'��'��L: BeQinnina with the flnt Change Date,my intcrat rate wiU be baud on an Index.The"Indea"fs the wakly avera�e yleW on Unitad Stata ---
<br /> v�' ' ' Trcasury securida adj�ted to e constant maturity of 1 year,as made nvailable by the Federol Raerve Boud. The m�t recent Indea fi�ure
<br /> ;� `� �vailable aa of the date 43 dwys bePorc each Ch�n4e DAte Ia called the'•Current Index."
<br /> �� If the Indeu 4 no lon�er available,the Nae Nolder wlll choae o new iadex whk0 b bASed upon oomparable infanaadon.The Note �
<br /> '���'�.4`� Holdu wiU 4ive me nodce of thi�ehoia.
<br /> _ , .�a,,_ : '. ' �_
<br /> � ✓;
<br /> . �:r��„ ,'�,,ilt�. (� GInVUo�of CYu�a
<br /> �^; �`+r � Beforc wch Cha►Se Date,the Nota Holder will caktUKte my new interat rato by addinQ �!T���'T±'-�''aif pn�,���, _
<br /> ,�•
<br /> " � • pofnb( ;..5 �Ar)to the Curtmt Indwc and roundin�to tiie neuat 1/8th of ISr�.iubject w the Umits riated in Section 4(D)below.
<br /> Y�
<br /> This rounded amount wfll be my new interat nte until tha next ChanQe Date. --
<br /> �� � The Note Hdder will t�ien determine the amount of the monthly pwyment tlut would be�uffic(ent to rcpay in full the principal I am
<br /> ; ��V-^�W'.: �+:
<br /> _ ._.� • �: .' , acpected to owe on that Glwnge Date in aubstantiallY eqwl payments by the muurity date Rt my naw interat rate.The rault oP thb�ku�tion �
<br /> ,� ` .��, . , wIN be the new amount of my monthlY payment.
<br /> " . ���.' (D) ur11�o�I�wat R�tt(�qes 10.5 � or leu thu� -
<br /> The interat rate I un required Io pry at the first Chanye Da1c wfll not be greater than
<br /> �� -• •�� . � �Ni.Thereafler,my interat rote will never be increased or decreased on u�y cinale Chanpe Dale by mare than tWO _ ��`rn
<br />_ . _.u:.. . �.�s.
<br /> • • hom the r�te of interat 1 have ban payln�for the pracedina twelve montM.The miNmum inierest rate on thb Iwn wUl never be
<br /> .��: . �� 6.5 qh�nd the m�ximum Intercst nte w{II never be�reater tfun �3�5 �i.
<br /> , � '� � ' IEl Eftecll�O�uof Ch�a
<br /> , �ia- •.�.�• My naw intaat r�te will become effectiva on euh ChanQe Date.l wlll pay the unount of my new monthly p�yment beannin�on the fint ..
<br /> ' � M*�^°�- � monthly p�yment d�te�Ru the Chan�e Date untfl the amaunt of my monthly paymmt chmQa�fn. --`
<br /> 4 � � .. `� ' (F) NWIaotCYa�
<br /> .. . . � �` •� The Note Holder wfll m�fl or deliver to me a noAce before nch Chw�e Dnte.TAe notke will�dvise me of: ��
<br /> ,,.�;�.: . . � � ,. (i) the new Interat nte on my Iwn as of the Chu�e Date; W W
<br /> , �,;, �• (ii) the amount of my monthly pfyment foUowin�the Chnnge Date; - -
<br /> ���s• � • , „4 _ (iU) any addiUond maners which the Nota Holder Is requfred to diulou;and --
<br /> ' •� �"° qv) the add�a�ot the wiocladon you could contact re�udin�any queaUons�bout the adjustment nodce. �
<br /> , a�
<br /> � ' '`���.. Y. CHARGESiL1EN8 4",f�
<br /> Uniform Covenant 4 of the Secudty Instrument fs amended to read w follows: �'`
<br /> r•.�.
<br /> . 1.CM�r�ai IJer.Borcower shall pay all taua,assasments,and other charga,fines.and impositlona attribuabte to the Pruperty which may
<br /> attnin a prfority over this 5ecurity Instrument,and Ieasehdd payments of ground rents,if ony,In the manner provided under paraaraph 2 hercof
<br /> " or,if not pafd in such manner,by Borrower moking pvyment,when due,direcUy to the p�yee thercof.Borcower shall prompUy furnish Lender �
<br /> WI notioes of amounts due undcr this paragraph,and in the event eorrower shell make payment directly, Borrower shall ptomptly furnish to I••
<br /> Lender rece{pts evidencing such payments. Borrowcr sholl promptly diuharge any Ilen which has priority over Ih{s Security Instrument;
<br /> howcver, Borrower shall not be required to diuharge any such lien so long as Borrower:(a) shall aQree in writing to lhc payment of the �
<br /> � obli�tion secured by such lien fn the manner acceptable�o Lender;(b)shall fn good faith contest such Ifen by,or defend against enforcement oi �
<br /> such Ilen in,leQal proceedings which in Ihe opinfon of Lender operate to prevent the enforcement of the Ikn or forfeiturc of the Property or any '
<br /> , '� put thereof;or(c)shall sccure from the holder oi such Ifen an agreement in a form satisfactory to Lender subordinatina such lien to this I
<br /> • • Securily Inatrument. �
<br /> �� Ii Lender determines that all or uny part of the Propeny fs subject to a lien which may attain a priority over this Security Instrument,
<br /> ' ` —' Lenaer SnWI give Horrower a no[ice iden[iiying sucn iicn.norruwcr snaii.a�iaiy.ucn iicn or iricc one or nrorc oi inc�niivua aci i�iiin iw'rc �
<br /> . wlthin ten dstys ot the Qfvfna of the notice.
<br /> C. NOTICE
<br /> �� Uniform Covenant 14 oF thc Securfty Instrument fs amended to read as follows: �
<br /> • 11. Notice.Except for any notice required under applir.able law to be given in another manner,(a1 any noUce to Borrower provided for in this
<br /> 5ecurlty Inatrument shall be g{ven by delivering it or by mafling It by first cless mafl to Borrower at the Property Address or at such other address
<br /> • as Borrower may designate by notict to Lender as provfded herein,and(b)any notke to Lender shall be glven by first class mail to Lender's
<br /> ' addras stated hereln or to such other addras as Lender mey dnignete by notice to Borruwer es provided herefn.Any notfce provided for fn this
<br /> � Securfty Insuummt shall be deemed to have been gfven to Borrower or Lender when given In the menner designated herein.
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