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<br /> _� A,DJUSTABLE RATE RiDER
<br /> • (1 Yeu Ttawry Ude�c—R�te G�) 0020028d88
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<br /> �p ; � - -�•� THISADIUSTAHLE RATE RIDER is made�h)s 29TH day of SE PTEMBER �
<br /> A `� ���' incorporated into and shall be deemed to�uaend and supplement the Mortpae,Dad of Tnist or 3ocurity Detd(the
<br /> � '`��'� ; � "Secudty Instrument")of the aama date given by the undersigned(thc"Borrower")to secure Borrower's Adjustable
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<br /> � �';.��• + '° ftateNote(the"Note")to Th� Evuit�bl� Buildiny �nd lo�n �saoci�tian of Gnnd Is1�n0�N�br��t�. A
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<br /> : -ry �. ..,��M1,�� . ;.o, .':.� F�d�nl S�rinys8�nk (tde"Leader")afthc�amedateandcoveda�thepropertydeacribed , .
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<br /> „��aj•� , ,..- in the Security[nst[ument and located at: • ''�'
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<br /> ;�:.,;;,:. ,j����„r� , . � �� 2�15 W ANNA QRAND I6LAND� NEBRASKA 88803-5830 ,�r:
<br /> + i„ �'��'�y: r �.�. ,�� ' � (PropertyAddrcss) '
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<br /> t ,,S`.':';'•� " '''�" � � TH6 NOTE CONTAINS PROVISIONB ALLOWINO FOR CHANOES IN TNE IN'f�RF8T RATE
<br />_�;'���,�� ' ��'�, "` ��° ;� AND THE MONTH4Y PAYMENT.TH�NOTE LIMITS THE AMOUNT TFIE BORROWER'8
<br /> , ..,
<br />�;�°` ; INTEREST RATE CAN CHANOE AT ANY ONE TIM�AND TME MAXIMUM RATE THE 90R'
<br /> s. � : ' � . . � ROWER MtJBT PAY.
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<br /> � � " ' ADDITIONAL COVENANT3. In Addition�o the cuvenants wnd a�rcemau�made ia the Skcurlty Inrtrument�
<br /> " Borrower wnd Lcndcr iurther cavonom and n��ee as Pollow�:
<br /> � A. IN7'ERFST RAT�AND MONTHLY PAYM�NT CHANGES �
<br /> . �, , % � The Note provides for an Initivl inter�t rate of ,q.��p N�.The Note provfdai ior chan�a In tha iota�at rAte and the
<br /> monthly poymcnts,a�Pollowa:
<br /> ,
<br /> �.INTEItFST RATE AND MONTHLY PAYMENT CNANG�3
<br /> (A)Chna�e D�tes
<br /> " The iaterest rate I wlll pay may change on the f rst day of �V EMBE R ��q 94 ��d on that day
<br /> !� ' � every l2th month thereafter.�ach date oa which my interest rata could chaaQe u called a "CMAIIQC DBtC."
<br /> (B)71e ladex
<br /> &�inning with the first Change Date,my interest rate will be based on en Index. The "index" is thc weekly
<br /> average yield on United States Treasury securities adjusted to a constant maturity of I year,es made available by
<br /> ' ' the Federal Reserve Board.The most recent Index figure availsblB as of the date 4S days before each Chan�e Date
<br /> �' ; ia called thc •'Current Index."
<br /> , If the Index is no longer available,the Not�Holder will choose a new inde�.c whkh Is based upon comparable
<br /> �' information. The Note Holdor will�Ive me notice of this choice.
<br /> �-'� � . (C)Cnlculwtion oP Changes �
<br /> 8efore each Change Date,the Note Holder will cal^.ula►a my new interest rate by adding
<br /> '��: percentage points( 2-� �/o)to tFie Current Index. The Note Holder will then round '�'°
<br /> -ti s the result of this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated �ti�`
<br /> •• in Section 4(D) below,this rounded amount will be my new interest rate until tNe next Change Date.
<br /> i'� The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay � "
<br /> the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest f `
<br /> rate in substantially equal payments.The result of this calculation will be the new amount of my monthly payment.
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<br /> (D) I.fmNs on Inlerest Rwte Chpnges �
<br /> � 7'he interest rate I am required to pay st the�nt Chenge n��e will no�be greater than 6.7 50 %or less than �
<br /> ` 4.00 �10.Thereafter,my interest rate will never be increased or decreased on any single Change Date by `
<br /> . more than two percentage points(2.0%)from the rate of interest 1 huve been peying tor the preceding twelve months.My � �
<br /> interest rate will never be greater thun 9.7 50 %, t
<br /> ' (E) Elfeclive Dale oF Changes t`
<br /> My ncw interest ratc will bccome effective un cach Change Datc. 1 will pay�he omount of my new monthly
<br /> �, I payment beginning on�hc first monthly payment date after the Change Date until the amount of my monthly pay
<br /> t ; ment changes again.
<br /> ; (F1 Notice oP Chwn�ex
<br /> The Note Holder will deliver or mail to mc a noticc of any chunges in rny interest rate and the amount of my
<br /> ' monthly payment bePore the effective dote of any rhunge. 1'he uotice will include information required by law to
<br /> . be given me and also thc title and tclephonc number of A perxon who will ansa•er any qucstiun I may have regarding
<br /> ; � the notice.
<br /> B. TltAN5��R OP THM: PROPFRTY OR A BENEFICIAL INTERFtiT IN BORRUW�R
<br /> _ �` i Uniform Covenant 17 of thc Sccurity Inarument is umended tu reud�s follows;
<br /> __..__ � Trpasfe�oP tbe Properlr or s�Benefirial Inleresl in Bor�ower.If ull or any part of the Properly or any interesl
<br /> L, � in it fs sold or transferred(or if a beneficfal�nlcresl�n Horrower is soiq or�ransfcrred and nvrruwcr i�nui u naiu�ui
<br /> � person) without Lender's prior writtrn consent, Lrndcr mny,at its option. require immediate payment in full of
<br /> all sums secured by this Securi�y Instrument. Ho��•ever, this option shall not be exercised by Lender if exerci,e is
<br /> , �. prohibited by federnl law as of thc datc ol'this Sccurity Instrument. Lender also shall not ezercisc this option if:
<br /> �;� . (a)Borrower causes to be submitted to Lendcr informAtion required by Lender to evaluate the intended transferee
<br /> ' �' as if a new loan were being mude to the transferce; and(b) Lendcr reasonably determines that Lender's security
<br /> ' ' will not be fmpaired by the loan assumption and that the risk af a breach of any covenant or agreement in this Securi-
<br /> � � �' .� ' ry Instrument is acceptable ro Lender.
<br /> . � j, �` To the exteut permitted by applicable law. Lender may charge a reasonable fee as a condition to Lender's con-
<br /> , sent to the loan assumption.Lender may also require the transferee to sign an assumption agreement that is accept-
<br /> �� able to Lender and that obllgates the transFcree to keep all the promises and agreements made in the Note and in
<br /> ` �� ,� . •� rhic Sesi�rity tncrr��mPnr. Rorrower will continue to be obligated under the Note and thi�Security Instrument unless
<br /> � ,� • � ,� Lender releases Borrow�er in writing.
<br /> ' MULTIQTATE ADJUiTAYIE RATL'RIDER ARM B•2 SmgN Fsmdy-F�nnM MMIFtW�M M�0 UMlwm Imuum�nt Fam 3711 3�86 i
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