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<br /> . • . . , . �,, ,� �rusT�ar� �� iun�x �f93 �osr�
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<br /> � ' '['H!S ADJUSTAB[8 RA7E RIDHR i�aude thit �� d�y of j�ivv--wiiGi: __.iy Q3 � -
<br /> aad it Inoo�poatd lato�ad�htll be deaned to una�d and wpplaneut tfx Mort�e. Deed ot Trust.or Secudty Ded(the��raa,urity
<br /> In�trument")of the wne d�to�ivea by the undasijned(the�•Banowa")to sacure Borrowcr'�Adjuuabk Rate t�ote(the"Note•,)w�
<br /> _ ' �-�s�L SA�'iNGB�I.AAN J18SOCIA7'ION OF aRAND ISLANO.HESRASIfI�(che"L�eader")oI the wne d�te a+d cow�tut the
<br /> p�aperty de�aibed in the Savdty Inurumeat aod locwd u:
<br /> �'���'�' --- � 2409 W. 14th St. Grand islarx'�. t� 68803 _��
<br /> (Prapaty Addreu)
<br /> 'rW �a.co�hi�t�ro.Mior�Yowi�{ tw cMiut.. i��r I�NrwA aa sM �r �uty
<br /> - pql�t�b.Tiis�Nt u1M 11�14�W uor�l�y inenN rsN qll eM11�p�t Yy oM tIM Mli
<br /> �M/M�iN�n��M/it nuLpw e�M t�rt/y�.
<br /> � ADDITIONAL CQVBNANTS.tn additla�w the covenantt and Y+�me�u msde ia th°��ty laurumrnt.Borcaw�r aud land�r
<br /> ftutl�oova�at u�da�reeu folbws: .
<br /> A, �NTP�T RA7E AND MON'1'HLY�AYMk:NT CHAN(3fB ..'
<br />- --- Tha Note provida for an INtial inter�t nua ot 4.75 �.S�ctlon 4 of the Note provlda tar chan�a In tM intscNt nte aad tfi�
<br /> rpoathly paymenu.�tollows:
<br /> �. lNTBI?BST RA?'E AND MONTH4Y PAYMBNT CNANOB5
<br /> (A) �D�w
<br /> The intuat rate I wlll p�y rrury chYnte on the flnt day ot � �r ,�9_94.and on that day evay
<br /> 12 monttu tt�erafter.F�ch date on whkh my interac rats coutd ctw�e i:plied x'•Ch�n�e Date."
<br />��� (�) TYeI�da
<br /> ge�iqnina with the fint Ch�nae Dau,my interat rate w1U be bued on�n(ndex.The"Index"b the wakly avaa�e ylold on United Stata
<br /> Trauury sxu�itia adlusted to a cautant mstudty of 1 yar.u made avdiuble by the Fedenl Raerve Bo�rd.'fhe mat reant ladac fl(�ure
<br /> available as of the date 43 d+�ys before each Chan4e D�te ic alled ihe"Curnnt Index."
<br /> - ----- lf the Index L ao lon�a available,the Note Holder wilt choae a new ludex whkh i�b�Kd upon compuable information.71�e Nae
<br /> -- =��•• Holder wW=ive me aotke of this chola.
<br /> �,�_
<br /> - �-------- ��'► c��t.uo�otc�.re« ttin and one-haif rcentaQe
<br /> ; Beforo ach G'h�n�c Dxte,the Note Holder wilt calculate my new interat ratc by addinQ P�
<br /> ;�: �,r :�;.: ���� 2.50 w)to the Cunent Index and roundina to the nwrat 1/8th of 19i,subject to the Iimiu statod in 5ectton�(D)below.
<br />�:;�� Y':�r';{ 'I]�is rounded amount vrHl be my new interat rate unUl the next Chanae Date. _
<br /> 'I'he Note Nolder wfll then determtne the amount of the monthly payment ihst would be sufficient to repay!n fLll the principsl I am
<br />"� expectai to owe on that Chanae Dau in:ulntantiaUy equal paymcnta by the maturity d�te at my new lnterat rate.Tlu rpWt ot this calculation _
<br /> ,.* �Q " wf►►be the new amoun[of my monthly payment. _
<br /> � (p) Lt�ib w Irttrat Rtte t���a
<br /> .�-��'^' ' The inurat r�te I am requircd to pay at the flrst Change Date wiU not be greater than 6•75 !b or tess than
<br /> • ��.,�".`;
<br /> Z.�5 �.Theresfter,my interat rate will never be incrcased or decrewed on any sinale ChanQe Date by more than � `-'
<br />:'•;i 12.0$1 ftom the nte of interat I have ban pay(rq for the precediny twelve month�.The minimum incerat rate on this loan w1U never be �'
<br /> i ��� 2.75 Sy�nd the maximum interat cate wlli never be QreAter than 9-�5 '�• _
<br /> ���,.. ��� (E� EttectiveD�teofChqa V
<br /> �� }.a;` , . � •�-- � My new interat rate will become effecNve on each Chanae Date.t will pay the amount of my new monthly payment beginnin�on the f rat °
<br /> ;�.�� `" `'�� � ,..
<br />•'r� ,� �^ moathly payment d�te After the C6u��e Dtte u�tll the unount of my monthly payment changes Aaaln.
<br /> �-�= (� Noda W GuKss
<br /> ' f;' c.:;_ The Note Holder wUl mail or deltver to me�nodce before each ChttnQe Date.The nodee wiQ advise me of:
<br /> '-"•••°° (1) the ncw interat rate on my losn�s of the ChanQe Date; _
<br /> :�;i:�_: -
<br /> ,, �� • (ii) the amount ot my monthly payment following the Ghange Date; :.�°
<br /> (iii) any sddiNonal mattera whtch the Note Holde�Is rcquired to d�sciose;and
<br /> ------� (iv) the addraa of the woci�tion you couid contact reQUdtnp any quatlons about the�djustment notice.
<br /> P[
<br /> �'=��"�ta w.�,� D. CHARGFJ9;LIE1V8 =
<br /> �'� UNform Covenant 4 of the Security Instrument i:amended to read as fotlows: _
<br />_�����----'-���r3� 1, CYvsat iJen�.BOITOW�f 6I18II�1Yy iII IY%C5.atsasments,and other charga,fina,and imposiNons attributable to the Aroperty which may
<br /> - -- attdn a prlodty over thia Securiry Instrument,and leasehold payments ot Qround rents,it any,in thc manner provid�d under para4raph 2 hereof
<br /> ':� a,if not paid in Yuch manner,by Horrower makina payment,when due,directty to the payee thereof.Borcower ahall promptly furnlah Lender _
<br /> all notka of amounts due under this pstraaraph,and in the evcnt Borrower shaU mukc payment directly,Bortowcr shall promptly furnish to
<br />-�� t,endor rtce(pts evidrncin�such p�yments. Borcower�holl promptiy dicchar�e any tien which hns priodty over thi:Security Instrument;
<br /> � how�wer�Borrower�tu�ll not be requhed to discharQe Any such 8cn so lony u Borrower:(a)shdl �rce in writin�to the payment of the .
<br /> abtipNon secured by such lien in the tn�nner Rccepuble to Lender;(b)sh�li in Qood Faiti�contat such lien by.or defend�Wiinst enforcement of _
<br /> wch lie+►in,kpl procadinaa which in the opinion of Lender operate to prcvent the enforament of the lkn or torfdture of th�Property or any
<br /> part tFkreof;or(c)�ball�a.vre from the hoider ot wch llen an a�rament in a fam utisfaaury to Lende�wbordinatfn�:uch Ikn ro chh -
<br /> gnyrity Io�wment.
<br /> I(Leoder deterroinet th�t�Il a any part of the Property fi subjat to a tien which m�y attain a pdority over this Secu�ity lnctrument,
<br /> ypider ihrii Qive Borrower a notia identifyir�such Ilm.Borrowe�shall caWfy snch Ikn or take one a morc ot tne�euons�ec rorte aoove
<br /> wlthia un daya o[tbe�ivin�of the noHa.
<br /> C. NOrCt�lE
<br /> Uni[erm Covtnfut 14 of tb Secudry Instrument Is amended to rad as failows:
<br /> Ib TiMip.Fxoept for�ny noUa raluirod unda appliabk kw to be aiven in tnother m�nner,(a)�ny notice to Borrowv provided for in this
<br /> Sequity tu�tiument�h�ll be Ytvea by deliverin�it or by mafUny it by tint cisss mtll to Borrower�t the Property Address or�t:uch other addreu
<br /> a�Botrower may des�nrte by nodce to I.aider as provkJad haein,and(b)any notice to l,ender aull be=ivai by firat ciau m�fl to Leader's
<br /> �ddrrp�stated baetn or w�uch othec�ddreu as L,ender may dai�nace by noda to 8orcower�s arovided haein.Any notia provided for in thit
<br /> 5pauity to�rusem tb�U be deemed to h�ve been siven to Borrower or Lender when�iven in the m�mer dai�nated hae(n.
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