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<br /> ADJUSTABLE ItATE RIDEIt �3� i�'�3"��4 .
<br /> , .�°!». ,( (�Yw►rrwurr�na.x-M.c�c.o�)
<br /> Ty19 ADIU3TIW.!�A'R RIDBt u wMM!�i�. 13TH �,r o� SEPTEI�ER -�t�,.,_.9�.�...,,
<br /> �0 u I�oorpoaud i�to�ad�k�N b�d�d fo�wwd�ad wppMm�M th1 Monpi��Owd o/Tru�4 or�c�vily M�0(IM"S�curit�tMlnw�Nit")ot•.
<br /> tM wM dM�pvw Iry�tM w�0�ni�Md(tIN"�araw�r"1!o wcun�orroww'�AdJwtabi�Ilu�Noa UM"Not�")w .
<br /> �,�yQ«e.•�t,..aR,�1 ot�.wa.a.u.■a eo��ae vrownr aaaiaa a�w s.cwar tn��u.nm Mo ioa�cb a�
<br /> 630 PHEASANT PLACE. GRAND ISLANp, NEBRASKA 86801
<br /> (Property Addreu)
<br /> 1'MY�ole ew1Yr/�o�Mlor W��y fo+r eM�1��f I�larrt n1e w/ �V �M1W
<br /> n�r�a.'rbM..a�w IWU w..a.t Mr N�a�•��a eu eMwe��w eM uw��/
<br /> �M IY�rIM�M/W��1��nN 1 w�l pf�.
<br /> ADnITtONAL COVCNAN'1'S.lo addiNao a�hs oovawn�s�nd+�u m�od�ia�he 5ecurt�Y Irauum�ni�Bomr�ra wd 1�de�
<br /> . �
<br /> futtfKr eoven�at�ad Wrae n tallowt:
<br /> ' A. IN'[F�EB7'itME AND MON7'NLY lAYMP�,CHANGE9
<br /> �'' The Note Oro�'ide+fm�n W�id iatuat rnto ot �'.U—'A�.Seetia►4 of tht Note P�vMa tor ehu�e+ia thd IWaat t�tc.�nd th�
<br /> �d• � woatNy p�ymeau,�t tollon:
<br /> k .z` �� �:� �
<br /> "` � �*" � � � � �. /NTfREST RATE AND MOMHLYPAYMBNT CNANOES
<br /> �';�`:. �(� ?���^!�6 lAI �D�tes
<br /> ,,.�� ���:��:s':�;�:':'.� : FEBRUAAY .t9.,��_�andonthatd�Y�Y
<br /> ,�, �..r. . i ;.: The iatereu rate 1 wil!pay m�y chan�a oa the firtl dsy of ..
<br /> • � 12 months Ihereafur.Fach due on which my iataat racccouW chante i�calied a"C41Apa Date.
<br /> ,��,ryt�lj���.
<br /> -�it�.•r.�
<br /> :�`r' 1 �� TM�1M6
<br /> . ._c, • • � � � Be�inair.�with the flrst Chanae Due�my intermt r�ce will be based on aa Indac.7'fie"fndex"is tl�e w�aekly�vera�e Yk1d on United Stata
<br /> . . -." 1�;;,�;;:-. .` Trcasur�,secudties�djusced to a conswN muud�y of t Y�,w made arailsble bY tha Fedenl•iteserve Baud.TAe most raoent ladac flWre
<br /> �_ ��:•,,'.
<br /> '"ii„`• wail�ble�s of the date 43 d�yt bcforc each Chanic Datt is calkd tht"Cwrcnt lndex."
<br /> ��. ' • �'' � '� If the lnden ii no la�yer�vailabk,tha Nae Hafder wiU chaase a ntw indtic wh�ed,is 6�sed upon comp�nble iafarm�tioa.73e Nwe
<br /> .. . �;i', , .
<br /> %':" ` � • ' Holder wW�lve me noUce of thia choice.
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<br /> ;.�y�.l�Sa.�:�w;t. .:_�a . �
<br /> `ya_-, 's`�A�... . . �C� C�t�l��lo��f C��tl�
<br /> . - -r-.-�-----=� TidD A11D ONE-�a�r
<br /> .��:� ' Be(ore each Ch�nQe Date.the Nou Holdcr will calcu?ate my now inteteal r�[e by addir►Q Da'�°�
<br /> poinu r Z•5 �ri)to the Currens l�da ond cowidiesa ta tho noarat,1 Bch of 19..subject to the limiu s�ated in Seetian ND)bdo�v
<br /> Thb rounded amount will be my new interdt rate unU1 the next ChonQe DRts.
<br /> � The Note Holder wIU then determine the anount ot'�he monthly payment that would be sufficiml to rcpay in full�he principal 1 an -
<br /> ezpected to owe on that Change Date in substantf�lly equal payments by the ma�urity date ac my new intercst rate.The resWt oP this cakuladon
<br /> � o wUl be the new unount ot my monthly payment.
<br /> t,- (D) U�Ip o�I�temllWt CM��es
<br /> h£interat rate 1 am required to pay at the firct ChanQe Date will not be Oreater than �•0 �,��� � .
<br /> '�y � �•U �.Thereafter,my interes�rate will never be increased or decrcased on any yin�le Change Dnte by more than
<br /> � f t Z•0 from ihe�ate ot Interest 1 havc been payfn�for the pracding tweloe months.Tht minimum intemt rate on this lwn will ntva be
<br /> p�� �ss than 3•0 �and the maximum Interat rate will nevcr be grt�ter Ihm �a•� '�• -
<br /> •�, , . • ' (E) E�fectiveDrteofC6�r�es
<br /> i• ,'+..>,� ' My ncw iaterat rate wlll become effectivc on each Change Dace.i will pay�he amount o(my new monihly paymcnt beafnnfna on the fint �.,.;,
<br /> t • � • .
<br /> moMhly ppymmt date after the ChanQe Date untU the amoant of my monthly paymani chan�a o�in,
<br /> ' '' i (� NoticcoiCpna�a
<br /> � '�� ' The Note Holder will mail or delfver lo me a notice before each ChanQe Date.The notice will advise me of:
<br /> •'�. +��+!�.� (1) the new fnterest rate on my loan as oi the Change Da�r, � �
<br /> �' • �. pp the amount of my monthly payment following the Change Datr, �
<br /> . � •. (iii) any additional malters which tlK Note Holder is required to discloac;and
<br /> � '!r• +� (iv) the addrae of the assocfatbn you could contaci reQudin�any questfons about the adjustment notke.
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<br /> 5 ,. B. CHARGES;LIGNS `
<br /> '�}; � Unitorm Covenant 4 oP the Secu�ity Instrument is amended to re�d as fallows: E
<br /> t �; : • +, Cluu�pi IJess.Borrower shall pay all taxes,assasments,and other charges,6nes,and impositions atuibutable lo the Propeny which may •
<br /> 4 ; � • , sttdn r prlority over�his Secud�y la�trument,and leasehold payments of ground ren�s,if any,in tht manner provided under pa►t�raph 2 hercof
<br /> or,it not paid In such manner,by Borrower making paymem,when due,directly Io the payee thereoi.Borrower ehall promptly furnlsA Lender
<br /> �t�'' ' ' all noUces of amounts due under�hix paragraph,and in the cvent Borrower shall makc payment direcdy,Borrower shall promptly Purni�d to
<br /> � ' I;r;••� Lender taeipls evidencing such payments. Borrower shall promptly disr6otge any lien which has priority over Ihia Security lrtstrument; �
<br /> '• " ; � � however.Banower sha11 not be requlred�o dluhorge any such lien so long as Borrower:(a)shall agra in writing to the payment af the
<br /> .�•. ' obliQption secured by such lien in the manner acceptable�o Lender;(bl shall in good faith contest such Ifen by,or deknd against enforcement of
<br /> ' i� ; such Ikn in,tegal proceedin�s which fn the opinion of Lender operate�o prevent�he enforcement of�he lien or torfeiture uf�he Properly or my
<br /> , �, . � part thereot:or(c1 shall secure from the holder ot such lien an agreemem In a form satis(actory to Lender subordinotin�such lien to this
<br /> ,�„ . '. Secudty Inetrument.
<br /> � "�� If Lender determin¢s tha�all or any part of the Proper�y is wbject to a Gen which may ataln a priorhy over this Securlty Instrument,
<br /> �:_ 't �l^�� Lender shdl glve Borrower a notice identifying such licn.9orroxer+hall�a�i+f��such lien or�ake one or more ot t�e ac��ons u�tonn aoove
<br /> "_ withln ten days of the Qiving ot the notice.
<br /> � C. NOTICE
<br /> � t Uniform Covenant 14 of the.'lecurity Instrument is amcnded to read uti folloM•s:
<br /> i � 1 14. Noliee.Ezcept for any notice required under uppllcable law�o be given in another monner,lal any notice to Botrower provided for in this
<br /> $ L , � � Security Instrumem shall be Qiven by delfvering f�or by maflinQ it by first class rnafl to Dortower at the F'roperty Address or a�such othet addre+s
<br /> ; ,F' ' at Borrower may desiQnatt by notiet lo Lender as provided herein,and Ib)any notice Io Lendcr shall be gi��en by first dass mail to Lender's
<br /> � " � �ddras auted herein or to such other addras as l.ender may designnte by noiire to Borrower ati provided hereln.Any noti:e pro�idcd for�n ihiti
<br /> �� � Sccurity Instrument shall be damed to have been gi�en to Bo�rower ur Lender when gnen in the manner dcsignnted herein.
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