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<br /> ='IHL�AW�i�TA8L8,itA'i�RiDBRisaoadetNs. 2TTN �Yot OCTOBER `�� - -•IQ�3 .�add�
<br /> � . .En�posatc�t�atoaade�altbedsrmattoamead aud sup�temmttneMast�ag�,Deedof'lYuitarSecurityF Ueed t�
<br /> . "S�tty Imuumerit'�o�ths�meaate�t`vm bythe�nd�ed(the�•Sorraares"}tosecureB�ra�'a A�ta�k
<br /> - -- —����(�•`N�">� tBs EquitnOte 0uildirtg anQ taee Assoeittian at�Grend Is1enQ�K�hraate. A - ----_�---
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<br />- t533 STAtiECaACH RQ QRAND ISLAND� NEBRASKA 6880i-T376 ' � �
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<br />-- Tl2EL11QT�I�DNTAilIISPitQ�ViStONS/6LL�WiNGFOliCHANGESiNTHEUIITEfiESTt�ATE ..
<br />-�" dND Ti{E MOIORFIlY PAYM�T.TME.NOYE tl�1T�7HE AMOUNY THE @ORROW6i'8 �
<br />-u" ' , (N1�ESTRA7ECAN/.Y1AdIt0EA�AN1f01i1E'TlMEIWD7NEIYp11XIMUMRA7'�TMEBOR- -
<br />_�: ... .. . :. .. ... ._.. .ROIAIERMtl$�PAY:.. ._ _.. . _ . . :. .. .__. . . --- . . . . :... .__.._-
<br /> ADDI�'IONAI.00�►ENAI�TS.In addition to the oovtnants and agreemeuts,made ia tde Security InsuumeW, �',�
<br />_ �;:.,�_�;.;: 8orauwer aud L�der fiutDzr am�enaat and agree es folto�rs: � -��__
<br /> `` x` C:1�Y :. :� • ' �" _
<br /> �- -- �s,...,� ���_� . i!.�iv'i�AF3T RATE ANQ 1�t01�ffi.Y PAY16�N'�CBANGFS . � -_ - -
<br />'� 'PDeNuteprovideaforan�nitialinter�strazeof �10.TI�eNoteprovidegforcbangesiattuint�serateaadthe =_�_�
<br /> =>. ' 4.T50 a �. �
<br />=1 �y. . �. '�-�i'� m�Y p�Y�ts, as follows: ' _�
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<br /> '�t��' =:.�'�;'{, 4.IN1'E6Fe4T BATE ANl)M01�'I'HLY P�b�MENT CHANGES . . -
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<br /> ' '"�yQ��• , . �A1 AaaBe Datrs ; ._ .�� ,, '��3„�-
<br /> Y•,; :�_.�:..� :.:� � 'the�nter�stratelwill �` .�� ' -
<br /> - ...,�.s_: ,,; T PaY�cBang��ccthefustdayof NOVEMBER ,19 94 ,anaoathatday .cr '`
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<br /> : . every lZth month�..�date�a�rf�sL my interest rate cou2,d change is calle�a"C�ange Date" ��;���"`
<br /> � • ���-`
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<br /> �� •�;'�� t6)TRe Iad�_ . . . ���.���.'.::_ � � _,�_.�r,-.` -
<br />_ °:�;.: -s'':�:•`� Beginning witB tke�t.�e Date my interest raie:ps�l be 6ased on an IadeR.1'ge'•Index"is the weeWg �'�-'�'�'�.: -
<br /> _ <. ,<-�:.._ , s. �,��;:_
<br />_ ��- �.���`: average yield on Unit�ed 5tat�'['ieasury securities adjusted'�a�constant matiuity of i pear,as m2deava�a3t2e by -<�''ri�;�—
<br /> �. :`�;�� ast- .:. _
<br /> .�� ,; the Federal Resuve�aard.'�e most receat Iadex figure ava�abte as o€the date 45 days before each Chapge!?aie y��. `� � ;�_
<br /> `,. , ,,;,�.
<br /> ' ,;' . ;-`..r�:���:� is c�l�ed the"Cu�indac." �:. ` " `F.-
<br /> `'��`>��`�� � U the Index is"iLa�onger avail�ble.We Note Holder will choose a'uew index wldch is 6ased ap�n comparabte �` ��"�:;'' t ,:
<br /> '1,i'`•::YS}' . t+' "�c . ,�"�"r'_
<br /> � ,�ti�'�:�=a;, information.The Note Hold�r�ill gi�e tae notIce of tl�is choice. ��. ;r�t;f�=-
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<br /> ' .:`:•��:`�:'' -- (�Calcolaflon o! • -�����"` _-
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<br /> ; �^. Before eac6 Change Date.t1�l�tate Hotd.r w�l calculate my new i�ecest rate bY adding �►� Y�#, � � ``:'..,,��
<br />�� ` � � percentage Foint�(� c:t300 �to)to the Curreni pndes.The Note Holder wW th�m round • -��� -•:�.:
<br /> .. � . , � . �.;::.��'_c"-
<br /> �. t6e resuIt of this addidoa to the aearest one=eiightb of one percentage point(0.125°l0).Sub�ect to the limits stated � •<�•,••�:�•�:
<br /> � 1 - - �e ,• . .._`',.- ir.�•,r -
<br /> � t ' � ', in Secdon 4(D)betow,tdis roanded amouat will be my nec�interest rate��ntil the next CLange Date. � �' ''. °�' •
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<br /> `� Y - The Note Holder will then determine the amount of ctce monttily paymeat that would be suifident m re�y ��. .r�; ���;;n,. � • -
<br /> 1. . ` . the anpaid princIpa.l that 1 am expected to owe at the Change Date ia fnll on the matiulty date at my uear Inie�t t , ' � �
<br /> � , �,� ^ �..� .' rate in substantialiy eqaal payatents.The resWt of this calcWatioa wGi he rhe new amount of my monthty paymeat. S; : :' �`;�
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<br /> :,�'`�:� lD)Idmits on Interest R�t¢Changes ,.: ' ,
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<br /> ��.�` `. The interest rate 1 am uired to at the tirst Date wiU not be er than 6.7 5 0 %or Ias thaa `t`�. . .
<br /> � � re9 PaY ChanBe 8� ;ij::"... ., �
<br /> �� r=:: _. � 4.00 °10. 7'hereafter,my interest rate wIll never be increased or decreased on any singte Change Date by �' ��� •
<br /> `�:,,••.
<br /> , :.;• ,=�,,:;� more than two geroentage points(2.0%)from the rate of interest I have been paying for the preoeding twelve mont}�a.My .�• �;�,.,,�,�. �,�� .
<br /> � ,• � int�est rate will never be greater thaA 9.7 5 0 %. ,
<br /> ;, . :;;�:�; ' (�Effective Date o!Gtanges . . � . .
<br /> � �.-: • � ''." My new interest rate wIll became effective oa each Change Date. I will pay the amouat of my new monttily •
<br /> ti'� � .. � paymeM be�nning on the first moathly payment date after the Chaage Date uatil the amount of my monthly pay ' � .
<br /> ment changes agzi�.
<br /> - '�..;:� �?Notice of Cdanges �� �
<br /> � ` -� �',�`;'-°=`-� 'fhc Note Holder v+ill deli�er ar mail to me a nouce of any changes in my interen rate and the amount of my �
<br /> LL.a,._, ,.� . _ c .
<br /> �.� �'a`;`"'���� monthly payment t�efore the effe�xive date of any change.Yhe notice will include iafurmadon required by law to
<br /> i�x � �t��`�� be givea rae and al5o che tide acd cetephone nu,acber of a person who will answer aay qi:estioa I may have regarding � � ���'�` '"
<br /> :;: �..: � . . . . ,
<br /> _ � th@ ROtI�. • ' .
<br /> -- �'�� � � e.T�Ia3s�01`r 8NE Pd30�1"et8'�"9i OL8�1��1�i�tC1AL ll�ITERFST 1N BOA[BmWER r� , �� �
<br /> 't;. 1� . . Urufarat Ccvenant I7 of the�eauity Instrumeat is amead..rd to read as follows:
<br /> 'g • � 7�ster ot the Pcoperty dr a Seaeftda4[nterest in�aevower.!f all or any part bf the Property os aay interest , ��
<br /> ,3, '�:_ � in It is sotd or transfeaed(or if a beueficial iaterest iu Bonower is sotd or transferred and 8orrower is not a natural '
<br />"',�Y t p,' . � person)without Lender's prior wrltten consent,Leader may,at its opiion,require immediate paymeat in full of ' .
<br /> . . . .. all sums secured by this Securhy lastrument.However,this option shall not 6e exercLsod by Lertder if eaercise is
<br />-' - � �. prohibited by federal law as of the date of this 5ecurity Instrument.Lender also shall aot eaercLse tt�is optian if: �
<br />= �:� . � (a)Borrower causes to be subautted to Lender information required by Leuder to evaluate the intended uansferee �
<br /> as if a new toan were being made to the transferee;and(b)Lender reasonably determines that Lender's sec�uiry �
<br /> �` . will aot 6�e impaired by the loan a�umptton and that the risk of a breach of any covenant or agreement in thts Securi• �
<br /> - �� � ty Instnunent is acceptable to Lender.
<br /> ":,�;�� , , To the extent permitted by applicab2e taw,Leader may charge a reasonabte fee as a condition to Lender's con-
<br /> sent to the loan assumption.I.eader may also require the transferee to sign an assumption agreement that is acc�t-
<br /> � � able to Lender and that obligates the uansferee to keep all the promises aad agre�ements made in the Note aad in
<br /> ; - - ------ --- this secm�iry Inctn�ent.Borruwer w�contmue co be vbiigated�der the Note aad tHis Se�vrity intitrument unI�s �'----.'°_-" _- - ,
<br /> : ��� � • Leader reteases Borrower in writine. ;
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