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<br /> � AD,IUSTABLE RATE R1DElt '93��'�'3�
<br /> , �i Y'w T'+�'�'a�"—n"'�'�`� 002002a074
<br /> TH19 ADJUSTABI.B rtA7E RID�R b made thii 13THdaYflf bEPTEMdER •19 �3•��
<br /> . incorponued into and�hall be deemeQ to amend�nd�upplemeat the Mon�a�o.Doed of Truu or Security Deed(the
<br /> "Security f mtruaunc•')ot the sume date Qiven by the uaderai�nGd(tha"BanrQwa")to secum Borrower's AdjuuabM
<br /> , ; Ra�e Nae(�he��No�e��)a t1� E�uitNl�luildia��nd lo��A��oci�tion af Ar�nd I�1�ad,N�br+�1�. A
<br /> ' i�d�n 1 6�vi�0�Atek (the•'Lender")oi tha�ma dato�nd coverin�elro property deaaibed
<br /> ia the Saur(ty Inserumenc and loc�cod ac:
<br /> 333 QUNSAIiREL RD i 4104 ORIFTWOOD DR QRAND ISLAND. NEBRASKA 88A03
<br /> [Properly Addtn�tc)
<br /> THf NOTE CONTAINS PROVISIONS ALLOWINO FWi CFI�IOES IM TH�INTER�ST RATE
<br /> AND THE MONTHLII PAYMENT.THE NOTE UNITS TH�AA�QUIIIT THE BOWtCNIER'8
<br /> INTERE8T RATE CAN CHANGE AT ANY ONff TW�AND TFifE IIU�XMIWN RATE THE BOR-
<br /> ROVYER MUST PAY.
<br /> t .
<br /> � •' � ��,�'�� ADDITIONAL COVENANTS.In addition to tha covcnante and egreemaats made ia tbe SecuritY lp�trument,
<br /> �4..:�`.�`Y�. '.�r
<br /> �'� .�:�w;��, Borrower and Lendor further cove�wat and agree as fellow�:
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<br /> ' � 4 �" ' '�"` ��+����-� A. INTERE3T RATE AND MONTHLY YAYMENT CHANGES
<br /> , ;�.i,.;f•l'.1..�1h. ".1 J��.
<br /> � 4� �s���pn�:. The Note providcs for an Wtlal intere,st rate of 4.�5q hi.The Mota provlda�for changea in the interest rate aid the
<br /> �:.� S :.`,:..�,,. ,.....�,�..
<br /> .,:.,.z'',�.' ,o :y�.., monthly paymcats�as follow::
<br /> �.•_;,•�-:'...�•r k.•,,.;
<br /> y ; . ...:�.. �. INTFRF.41'1tATE AND MONTHLY PAYMENT CHANGCS
<br /> :�%'�;�;,;•
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<br /> •it�.ri.;� '��": � � `, (A)C6�o�e Date� OCTOBffR. 9�
<br /> `• ��>�� ' Tho interat rate I wW pay may chaage on the first day of .19 .aad on tl�at daY
<br /> •• , * ;;:�«,;;:;��� every 12th month thereaiter.F.�ch date on which my iaterest rata eould�chaage ie caUed a"Chanae Dete.��
<br /> , . B)TUe ladea�
<br /> �''' � • Heginaing with the first Change Date,my interest rata will be based on an ladcx.Tha "Index"�S the weekly
<br /> ' average yield on United States Treasury securities adjusted to a co�stant maturity of 1 year,as rnade available by
<br /> ''� � the Federa!Reserve Board.The most recent Index figurc available as of the datc 4S days before each Chenge Datc
<br /> �:.�:... .:
<br /> •'��.: �� � is calltd the'•Current Index." "`
<br /> �� "'';'� � If the index is no longer availeble.the Note Holder will choose a new index w6ich is based upon wmparable
<br /> .� information. The Note Halder will�ive me notice of this choice.
<br /> . .�:1°t�y���•; - ,
<br /> t (C)C�ICYIiU011 Ot CIfYO�ls ��
<br /> :�F, .;• ' . �-r� Before each Change Date.the Note Holder will calculate my naw interest rate by adding ,
<br /> �+ " percentage points( 2•� %)to the Current Index. The Note Holder will then round
<br /> ''(i���` * ,�.��``•' the result of this additlon to the nearest one-eighth of one percentage pofnt(0.125%i). Subject to the ifmits swted �;;�:•�
<br /> ` •' �;�•±•°����� in Section 4(D)below, this rounded amount will be my new interest rate until the next Changa Date. .�'i'.
<br /> � • � � The Note Holder wfll then determine the amount of the monthly payment that would be suf�cient to repay :
<br /> �.�` ��-�� . the unpeid principal that I am expected to owe at the Change Date in full on the maturity date at my new interat
<br /> ;i�; •� ' rate in substantially equal payments.The result oi'this cakulation will be the new emount of my rnonthly payment. ,
<br /> � (D)Lkoil�on Iatenst R�te Chan�es
<br /> . �.
<br /> .,;r�'•'' • , The interest rate 1 am rcquired to pay at the first Change Date wW not be geater than 6.750 °l�or tess than k
<br /> � � ..r, ' , 4.00 %.Thereaiter,my interest rate will never be increased or decreased on any single Change Date by k
<br /> � f t '.',,j}�,,,�,.'. more than two percentage points(2.0%)from the ratc of inlerest I huve been paying far the preoeding twelve months. My �' ,
<br /> a� 5 � intercst rate wlll never be greater than 9.7S0 %.
<br /> ' �':��.}�` (E)Ettective Date oY Cbpnqes �.
<br /> ;i
<br /> z:. ,. ' My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly
<br /> t�.x ;,� � payment beginning on the first monthly payment datc aftcr the Change Date until thc amount of my monthly pay- �
<br /> S.' ment changes again. G
<br /> �,:� .' .' (E7 Notice oi Cbs�nges
<br /> , + ; � '�, The Note Holder will deliver or mail to me a notice of any chnnges in my interest rate and the amount of my
<br /> ;'. � , i " . • � monthly peyment before the effective date of any change.The notice will include information required by lew to
<br /> ' :i;
<br /> . ; . be given mc and also the t itle and telephone number of a person who will answer any question 1 may have regarding
<br /> , , the notice.
<br /> �••�, �.; ..
<br /> • ., ��,_..;,,�_� B.TRANSF�R OF THE PROPERTY OR A BENEFICIAL INTEREST IIV BORROWEIt ,;
<br /> •� �:�:�.'� • Uniform Covenant 17 ot the Security Instrument is amended to read as foUows:
<br /> •�• ��. ' �'`f`'`° • Tnorkr ot 16e PropeHy or a Beneticipl loteas/in Borrower. If all or any pan of the Propeny or any inrerest �
<br /> r;,,;;>:'::•. - in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is noc a na�urai ,
<br /> �—.,;;���c� � , . person)without Lender's prior written consent, Lender may, at its option, require immediete payment in fuil of
<br /> ; -• all sums secured by this Security Instrument. However,this option shall not be exercised by Lender if exercise is
<br /> �, � �';`R;. ' . ° • prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option iF:
<br /> . ', `�';;t i�::� . (a)Borrower causes to be submitted to l.ender inPormation required by Lender to evaluate the intended transferee
<br /> �`•!• as if a new loan were being made to the transPcree; and (b) Lender reasonably determines that Lendcr's securi�y
<br /> .ti ' . �� ' will not bt impaired by the loan assumption and that the risk of a breach oF any covenant or�greernent in this Securi-
<br /> . .;�`:�i•: ' ty Instrument is acccptable to Lender.
<br /> `':;.'�' To the extent permitted by applicable law,Lender may charge a reasonable iee as a condition to Lender's con-
<br /> ' sent to the loan assumption.Lender may also require the trunsferee to sign an assumption agreement that is accept-
<br /> ,+.� . able to Lender and that obligates the transferee�o keep all the promises and agreements made in the Note and in
<br /> � • �. this Security Instrument. Borrower will continue to be obiigated under the Note and this Security Inscrument unleu
<br /> '�. # ' : Lender releases Borrower in writing.
<br /> . �
<br /> MUlT1iTAT8 ADJUiTA�LE MTE R�DEN-ARM 6•2-Snylo F�muv-FrrY�IWNIFnddl�Ml�e UnMOm�Imnu�Mnt Fam 3111 31e6 A
<br /> �` 82'�,�� VMP MORT�A6E FO�MS�U�J�793 l�00�Ia00�611 1I91
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