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<br /> • A�JU3TABLE RATE R1DER '
<br /> :� ►� .►���►� ��Y..�T�,�.R.��.p., 19�- s�o3
<br /> ' 24TH SEPTEI�IBER 93_ .
<br /> THIS ADJU5T/1Y1.6 MTB�IDflR h a�d�thl• d�yof .19
<br /> Md b iaoorporaal lato�nd rbW be d�wMd to un�nd aad wppk+aa�t Ih�Mon�yt.Dwd of Trwt.a S�cu�ily OMd UIN"S�cnthy�nMro�t")of
<br /> tbe uw dae{iven Ey�M uedafip�ed(�M•'Yonowe��)�o Mcun Borrowtr'o Adjwt�bM IWt Not�(tht"Nau")�o ,
<br /> W�IQ(tM"t.enda")01 We wia dN�aad oovwi�y�Iw propaty daalb�d la Ihr SKUrpY bulruaMat�nd locaud�ts
<br /> '� 349 S. PLUpI, GRA(� ISl.AND� NEBRASt:A 69H01
<br /> .,s (PropatY Addras)
<br /> '•-. TrN �oN cwu1M�ro�Wor dlowl� fa cYu�a I� or Ule�l nl� ud �� ralMlr
<br /> ' Mf�nu.TAM�ole�Mo Y�lu tM uiorw��y I�ten�!ak e�cM��1 ay we Iiw u�
<br /> �IN IM wid��M tM w�dMw IIiM 1�q My.
<br /> ADD1TlONAL COYENANTS.In�ddltioa to the oovaWnu�ad�raanKnu nude io the 5ocurity laspua�snt.Bonower u�d LRnda
<br /> � furthet ooveamt snd a�roe a folbws:
<br /> � �,l:�i?F":�.. �w A. INTERFBT RATE AND MONTHLY PAYMENT CNANGES
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<br /> ,•a ;�.•�d;sr
<br /> • �., - . ' '.. 7be Note provida for�n iNtl�l interat ate of �►•8T5 qb.Senloa�oi the Nota provida for chan�a In the fokrai nUe�od tAt
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<br /> `.,tp�j+�;�;,{�,*�;�� moalhiYP�Y�t�,a tollo+r�:
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<br /> � �i 7�•oY%,_..-�' �r..�.
<br /> d`;'= �'� .�- :_. :�-i' �. lMEREST RA TE AND MUNTNL Y PA YM6NT CHANOES
<br /> . � lAl CM�D�ks
<br /> ,;: .' �. ' ^'^ �`���' �" � �CTOBER 94 .and on iluc aayevery
<br /> � : �• The intercst rate I will pay mpy chm�e on the flrst dwy of ��9
<br /> . �p�dp�;��� 12 maNhs thereaftc►.Each da�e on which my intercst rate could ehaa�c is called a"Chan�e Date."
<br /> i ,�� � • .
<br /> (Y) 7'Ie INe�
<br /> � ' '�a`��-' o � BejinninQ wilh the first Ch�n�e Date,my interat rate wlll oe b�sed on an Index.Thc"Index"is the wakly avera�e yield on United Slates
<br /> �',-' —.���j��4��rtrYt'„ I
<br /> �,t " ,,�:�,.�_ . Trcuury securitla�djnsted to a const�M malurity of 1 yeu,w m�de availabte by�he Federal Reserve Bard.The most«cent Index fl�ua
<br /> ����� awft�bk as of the date43 d�ys before ach ChanQe Date fs calkd�he"Currcnt Index."
<br /> a�•.
<br /> � . � . ' " Ii the Indac Is no lon�er available. Ihe Note HoWa wiH choo�e a new indea which i�bakd W�on comp�nbb intomu�doa.1'he Note
<br /> � .+•� •�-� Holder wfll�(ve me nalce of�his choia.
<br /> ,.a:;x� " ' (� C�kwUdo�of(�qe+
<br /> - ' &foro each Chan�e I�le.the Nole Holder will cakulate my new intetesl rAle by addm� � AIt1D aNE-h'��F pere�te
<br /> �� . �' points( 2•5 qU)to�he Curren�Index and rounding to ihc nearest 1/8th of Ini,wbJect tn ehe tlmits stated in Section KD16clow.
<br /> �' 'ILIs roundad amount will 6e my new inlerat rate umil�he next Change Date.
<br /> j � ,� , �.• . � The Note Holda will then determine the nmount oP the monthly paymen[ Ihat would bt suificient to repay in Pull the principal l am
<br /> �•' " cxpected 10 owe on lhat Chu�e Date i�i subslandally equal paymenls by the ma�urity date a[my aew interat rate.The rault of thia calculotioa
<br /> � �+ � t`".
<br /> ,; . . , vrill Ee the new amount of my montMly paymmt.
<br /> ''�'� � " ��;','�:��'�'.'1`:; . IDI Uwils w Mlen�t R�le CluaRea
<br /> �' �•��1- � The interat r�te 1 am required tu pay a� the firu Change Date will not be erea�er Ihpn 6.875 4� or las tlwe
<br /> '�., , . . _, . ,. . .
<br /> 2•8?5 �.Thereafter,my finerest rate will never be increased or Jecren.eJ on uny single Change Date by more than �
<br /> ,�' , , �. _. . . �,Z.Q,�from tpr role of imcrest 1 h�►vc becn paying for�he preceding�welve mnnthti.Thc minimum imerest rate on this loan will nerer be
<br /> ,!,4' k �' las than_.�@�,1` ni and�he maximum imera�rate will never be grcatcr than_. 9.875 �. .
<br /> •;f , � IE) Ef/a�clive Dde of Clu�gei
<br /> � -� "' My new interese rate wfll becomeeffectfve on ta:h Change Dau.l wfll pay�he amaunt of my new monthly payment be�innina on the first
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<br /> �j .�•�-. : . monthly payment dote�Rer Ihe Chanpe Date un�il Ihc amount of my momhly payment chanQa aQein.
<br /> ''� � �FI Noda of Cbrr�es
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<br /> �� , Tht Note Holder will mail or deliver to me a naice before each Chan�e Da�e.The naice will advise me oF:
<br /> .� .:,,� ,��{, (i) the new inlerat r�te on my loan as of�he Change[hte;
<br /> ra�. .,., � (ii) Ihe amounl of my monthly payment following the Change 1)ate;
<br /> • pih any additional ma�urs which the No�e Holder is required to dfxlose:and
<br /> 1,,� ,� �iv) the addras oP Ihe aswciation you could conuct reaerdinQ aoy Ques�Wns about the adJustment naice.
<br /> -7,:- �:. .����. "' ��'.;� r-�
<br /> t`� � +1"'.'� :'f:i�+i8;�+,•, . B. CNARGESi UENS ?���
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<br /> ,�� � � ,�; ' Uniform Covenant 1 of the Security Instrumem is amended to rcad as follows: w
<br /> � . ••i �.CMu�a;Ue�s.Borrower shall pay oll taxa,assessmems,and other charges,fineg,and fmposi�ions attributable to the P�operty whlch may },
<br /> i'� �� _ '' •�' �ttain a priorlty over this SecuHly Insttument,and leasehold�ymen�s of ground r¢nts,iY eny,in the manner provided under para�raph 2 hereof ,
<br /> ��� �' � •,�;p,��;l��•� ��• or,if not pald in such manner,by Bartower making payment,when due,directly to the psyee thereof.Borrower shall prompt�y furnish Lender
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<br /> ��', • � ';;��;• �<<�tr. �.�� all noliees of omountsdue under this paraEtnph,and in�he t�•ent &xrawer�)wll makc payment directly,Borrower shall promptly furnlsh to
<br /> �.},.� �
<br /> �.�, � � . �''�`, .' Lendtt receipts evfdenciny such�ymente. Borrower shall promptly discharge nm� lien which has priadty over thls Security Instrumem; �
<br /> � .� i � � •:•�'�•.• � .:.•< .
<br /> howevtt, Bortower shdl not be required to discharge any�uch lien ai long u1 I�+rrower: 1a)+hall agra fn writing to�he payment of the
<br /> ' � obligation secured by wch Ilen in the m�nner accep�able to Lender;lbl shall in good fnith comest euch Ilen by,or defend agains�e�forcement of ,
<br /> � f " such lien in,kgal procYtdin`s which in the opinion of Lencler ope•ate to prevcm the ent'orcement of the lien or forfeilure of the Property or any
<br /> part therec►f;or(c►sl�ill secure irom�he holder of such lien an�greement In o torm wtisfac�ay�o Lender subordinatina such lieo so this ;
<br /> Securily Inslrumrnt.
<br /> -� (f Lender delermfnes Ihat all or ony part of the Pro�+erty is sub�ect�o o lien which may attain a priority ovet thi�Setturi�>Instrumen6
<br /> �.� ! •� .. Lender shall Qive 8o�rower a nouce�drntitymg such lien.Borrower snall wasly sucn Uen or�aRe one or more oi�ee ac�ions se�ionn aoove ;
<br /> � � wft6in�m d�ys oi�he�ivin�of the notke.
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<br /> ' :� , , ' C. NOTICE
<br /> � Uniform Corenanl 14 of the Securily Instrument is amended lo read�y follows:
<br /> � , � 11. Notke.Excepl for any notitt requfred under applicable law Io bc gi�en in anothcr manncr,101 any notfre to 8orrower provided for in this
<br /> �s� Security Insuument slull begivrn by delivering it or by mailing it by first class mail to 9orrower at the Propeny Addrc,s or a�surh uther address
<br /> •. : ,' u Borrower may desi{nate by nW ice�o Lender as prov�ded hereio,and Ib)any notice�o Lender�hall be Qi�en by Crs�c1a5s mail to Lendrr's
<br /> �• . �ddras slnted herefn or lo such o�her address u Lender may designate by nutia ro Bnrrower as pro�ided herefn.Any notice prov�ded t'or in�hi�
<br /> � '"ti , SecuNty Instrutnent slall bedeemed to have been Qiren to Borrower or Lendrr whrn gitien in the manner dcsi4naled herein.
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