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<br /> � - �� . F[fA MULTISTATE ADJUSTA��.E RATE 1tIDER
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<br /> - � , THIS AQIUSTABLE R�1TE R�bER is madc this 2�� day of
<br /> � 1t Q9l and is incwpontcd into�shall dc dccma!to amcad aad sapptc�nent
<br /> tUa�o�p�e?�d af 'ihtsi at Scc�uity O¢cd t"Sanuitr lacuumeai"I af tl�e s�nc date girest by the undersigacd
<br /> ('gotrovrer")to securc Bormwcr�Notc t'Nac`!to
<br /> -r COLUMBLfS FEDERAE. SAVIN6S BANK
<br />- - (tl�c"Leadej')of the same date and covcrmg thr pmp�ctty dcuTibed in thc Socurity lnstrumcnt and laratc�t a�:
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<br /> a013 PtASON auENUE � -
<br /> GRAND ISLAWD, NE 688a3 :.,°-�
<br /> . i�i'�Y Add�s) �--
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<br /> � �"� TN$�. NOTL ��I:'-F'itINS i!RUYISIUNS ALW�YING FOR GIANGF•S. 1N TNF. � . ' :.�`���"""s _
<br /> � INTYAF•Si' RATE:��11� 'flt�;"MUNf11i.Y PAYlNFN7: TliF NtYI'F. I.Il4'lIT3 THF. . _--- _
<br /> , _ ' AMUUNI'TNE tfp#�1�+���-'����R�ST RA7E I:AN CIIANG�AT ANY UN�TIbiN. _�_ `
<br /> ` � '�r� , AND 7'lIF MAXJIdCiht-itA'TF Tll�Rt)It[tA�{►t:lt 111U.�'f PAY.
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<br /> ' "' -'�"'r`''ry:� •' ADDI'f'IONAb COVHNANf'S. M aJd�tiun tu 1hr cuvcnantc and a�ccrosnt�.nr�te in thc Sccu�iiy Insttument. ;�?�`;'^Y:��'•
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<br />`;'�`; ,�` X.,•c • , Barrowct asd l.ccrllcr(urtticr cuvcnanl arxf�grcc u�fi+llu���: . , • :�_
<br /> -•:' INTERESF�iiA'I'EANDMONTIiI.Y P•t�dSCM'CItANG�S � . � �
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<br /> � ?'�' � ", .•'Gf�,einterestcstemaychIIngconthefirsteis�•.nt Januaryi. 1993 :amlcf�atdayufcashsu:cecdiagycar. ,�j� _
<br /> ''t ,'}�.''�: °Cfs;a�e pate°�s caeh dutc on which thc in�,:nst ratc crouid rhangc. ;j� , .r ". -
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<br /> . �:�,E�;i}4i,,� .'; �eginning with the first�st�Oatc.the intcrcvt�r�ai'1 bc hacat un an Indea. "It�:z•"'ttm3n;th:«cckiy uvcrage . �--`�`
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<br /> . n•,� .� yietd on United Statcs 7teasury Sv.:aeiticx ud�usteJ ta a ea�t�tanl maturity oF one year.as muSr a4:sbiiGte�by �he Fedcrul J�
<br /> • � •:r �- ' - Rese�ve Board. "Current indea"means�he�:h*�rrr�ccem Index�gure avaitable 3U days beforc th:L'tti�sry-�lDatr. If the Incica '' � '_;�•
<br /> " `=,�':"-4� , ' (as defined ubovc)is no longer availabtc.L.craJur,�:i:ll use ac a ncw Indcx any indcs prescribed b�r.tt��Sccsciary. As u�ed in � � —
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<br /> �:�`�;;� � this Rider."Secretary"mcans tlie.Secrctary i�t,-'��uw��r•g�r�Urban Devclupmem nr hi�nr tr:r�c3��h'sa�r:c. l.ender will Eive � . � r
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<br /> l► .��., 8c�rn;�er notice of thc aew[e�.'i�. �� . . _,�, '�:�`��,
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<br /> ...`�,�,�� .. .. , tCl Calculstit�m uf lntcre�t�tate Cha�.�:. , ���t�`��:-
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<br /> t.,,.:4'«�. � Hefore ench��'Frange Uatc.Lcndcr wi:!:r4rs:.�r,e a nc�v iatcrest ratc L��;Ding a matgin nf ' � '�-
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<br /> :ij^: e�:` . TWO � , ;;:'�.' �
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<br /> _-_`�:-. points( 2.0000 'Yr� ro the curmn� la�cy yad raur.:ii•�.ti the sum ta`hc nrare�t c-�re-cighth uf unc penent�ge puint i,� • •,.:,,:..;s��;,• •
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<br /> 1OJ25�%). Sub�a�:cn�hc limi�s statcJ in P�.r,��,�w�+S�1�31 af�r-�s Ridcr.rR�Y n:vndcJ amwN will trr ch�ncw intcrc�l ralr uniil i, .. �.,,.,;:,.. ,.
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<br /> : .�:.` ' ' the nczt Ch�ngc tt�:c. . i, � � '
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<br /> ; . ''��t_::�:_,,,� ' (U) LimtLa un Intere�at ltnte Ch:�n�cw ;t.:.��;:.� �
<br /> , . • : .,.,::,. . , Thc intcrest ratc will ncvcr irtur�.��r ur�lLwrc:l�l'I1y IiriffC lI1:101tl1C�U'CCttiJ�'C��[tTt(r-ll!9a)Clt:d.i;.�;�:;u�:ir Cita�z�c Iratc. �: � ;:;�,r'
<br /> ' � Thc interest ratc will ncvcr bc mnrc di:�n livr ns�xrnt:igc M+intc IS.1�'S•)tTC�i+csvr luti�ct tltan thc initiaJ:ir�i�rcxl t:itc. �
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<br /> � •�;F � (E) CalcututinnotPaymeet Chs�n�r - r`
<br /> ``,�+� '• I(the interes�mte changec c�n a CGangc Uate.Lendcr will t�alculate U�e amount o(mnnthly payntcn�af principal an�l :,
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<br />- >t.:. interest which Houl�be ncccssary lo repay the unpaid princi�ral frelancc in full nt thc maturity date:�t ihr nc�v intcrest ratc ��
<br /> ' . . through substantial{y cyual�aymcnts. lu ma3.iug wci�calrulatiun.Lcndcr wi11 asc ihc unpaid prin�ipal hal:mcc which��uuld ; :
<br />•,�� '. .,�:;,!�.` ,_� , be owed on the Change tratc if tiuce I�nd bcco n��def:wb in paymcnt un thr i�tute,reduccd by�he amaun�uf 7ny picpaymcntt �
<br /> ��,ts. ��'P� to princip�l. The tcsult uf thic calwlatiun uiit Gc It�c antnmU nt Ihc new munlhly paymcnt af pdqrip;tl anJ intcrcwt.
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<br /> . � - '-�;�;�:;;����' - (F7 NoUce of Chflngts � . ,
<br /> � �`'>�'�'• Lcnder wip givc noticc tn DanuH�cr uf any ciiang�in Ilir intcrc�t ratc mid munihiy�+aymcnl u�nuunt. 7'hc�w�icc mu.rt
<br /> : ' ;. ._ ' � 6e givtn at feast 25 days 6efure the new ma�uhly paynunt amuunt ic Juc.and u�us1 .et funh�i)Ote J:rte et Ihc nalicc. � '
<br /> , (ii)Ute Change O�ate.tiii)the ulv intcrest a�te,liv) the new interest rate.lv)thc ncw monihly paymsnt am�wm.lvi)1hc i
<br /> _ '_ � Cutrct�t Indcx and thc date it�t:►c puHli�h�d.tvii)Itic nic�h��l uf c:►Iculating thc chang¢in manihly pa}mrnt mnuun�.and �--:
<br /> {viii>any othcr infurmatiun whicb may f+r rM�airrJ by I:►w frum�imc tu timc. ?9i
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