|
-� . . /� }`� =�,��
<br /> . . , � ' .
<br /> •�. . , �, . . 1 ' , 1��+`S,c�`J 1jtii '�.
<br /> . . '�, ��`5}J �'-
<br /> ,`k , , �� �
<br /> . �
<br /> • k�
<br /> .. . «.� I L
<br /> � � ' �
<br /> I p I
<br /> �IDJUSTABL� RATE R�DER �
<br /> ' (3 Ye�r�wry ludex•Rwte Cpps) ;.
<br /> �1--- 1O8530 _
<br /> � THIS ADJUSTABL6 RA't8 RIDBR b nwdelhis 17TH a�y or pECEMBER ,�9 91 ..na� ,
<br /> incapora�ed inb artd�iwll ba doemod w arr�cnd and wppia�cnt tba Mortgagc�Deod of 7Yuc1 or Socurity Deed(tba ,
<br /> +: "Sacurity Inwrumcm")of�hc sune da�e givai by�he unda9ignod(Ua"Bartow�t")a socure eorrowar's Adlu�+206 S
<br /> Rue Nae(the"Naa'�a FARM CREOIT BANK OF OMAHA +
<br /> 1 , 19TH ST.� OMJINA, •"r* 68102 phe'I.�+ide+")ot�ho�artio dwc ar+d covainQ�ha proporcy desaibed M
<br /> ; tho SocurltY In�wtnc�u ard locatod�t:
<br /> ROUTE 2. BOIf 79, GRAND 1SLAND. NE 68803
<br /> IProP�nY Addm�)
<br /> TNH NOTB CONTAINS PROVI810N8 ALLOWINO FOFi CHAN063 IN TH�INTERBST RATE AND
<br /> TH8 MONTHLY PAYMENT. TH8 NOTE I.IMITS THE AMOUNT THE BOFiROWER'S INT�RHST
<br /> RATE CAN CHANOE AT ANY ONE TIAIE ANO THE MAXIMUM RATE THE eORROWER�AU8TPA11.
<br /> � VENANTS. ln addl�fai to Iha oovcnants and agrocmonls mado in ihe Socurity Insaumcnt�Borrower
<br /> ADDPfiONAL CO
<br /> pnd L,onder fur�hor covenant and agt�oa as Folbw�:
<br /> A. INTERRSf RATE AND MONTHLY PAYMBNT CHANG6.4 � ,
<br /> 71ic Note provides[ar an initiol interest►ats ol' 7.550 96. 71�o Not�o provfdc.v[or ctiangos in�he intcrest rate
<br /> end Ihc monthlY PRY��ac�oibws:
<br /> 4. INT�R�.ST BATE AND M�(DPfTHLY PAYMENT CHAN(iBS
<br /> ' (A)Clwo�e Da/es �ANUARY ,19 95 ,end on�iwt day
<br /> � Tbe intcrest rat�e 1 wid pay may char,ge�a��he first dey of ..
<br /> { avery 36ih month�ha+eaf�er. Each date on which my inwcst raia couW changa is callod a'Change DWa."
<br /> ` I (B)Tbe I�da�
<br /> f � Bcginnin8 wa�da tl�e i'iist�ge Daoe.my intcrest ra�e will bc based on an Indwc. 71ia"Inden"is Ihe wakl avuago
<br /> w da e
<br /> y�cld on t;m�xi S7�s 7�ra�Y sccus�t�es adjsu�i4 a cQnsten!mnwrity af 3 years.as made availabb by the ode�r�l
<br /> I � Resenre Board. '13�e maa mceni l�dex fi�ure aveilable as of the date 45 days bcf'ore e�ach CF�ange Dalc i�calkd the
<br /> "Cumcatt Indeu." b infonnalion.
<br /> i if�he Inde�c is no boger Avai]Abk..ihe Note Holder wUl choosa a now indea tlia►is ba4ed upon comParai►
<br /> . The Note}(o{der will give me nauce of�his choice.
<br /> � �c>cok�mc�o or c��,es
<br /> , Before exh Change Daie,lhe Nota Hoi:k.r ail7 c�lculsuc my new fnlcrest rabe bY addin8 I WO �ND 500/I8d8
<br /> � � **�***+r+r***+►*w+►*** p�centage poinls( 2,5D0 96)101hc Curre�t Indeu. 'llie Nota Holdet wW tlkn round
<br /> ' �rrsult of this addi�ion w the r�rarest one-eighlh of one Qarcen�age point(0.12596). Subject w the Ifmi�c statad in Sec�on
<br /> � 4(D)bebw,lhls rounded urnount wUl be my ncw intcrest rate unBl U�e nea�t Change Dmc.
<br /> The Note Holdcr will then detcrmine�he amount of the month!ypaymcnt Ihat would be suCticient w rep�y Iha
<br /> •1 , �P�Principal t}xu]am expected 10 owe at Uie Change Daie in fuU o�tlk.maturiry date at my new interest rao in
<br /> •;j subslantially Wual PaYrner�is. 7?ie resuh of ihis calculauon wUl be�f�e new amc�wu oi my monlhlY P�Y��
<br /> 4 . � (D)LGalts oo Ioterest Rale Chaoges
<br /> ; � T h e i n�x�w raie I am requircd a P e Y ac�he firs�Changc Dau will rxx be greaur Quw 9.550 �or{ess tlwn
<br /> ���> • 5.550 96. Thercaflrr,my intcrest ra�c will nevcr be incrcascd or decrcascd on any single Change Da�e by more
<br /> � � U�an two pc�r.cntage points(2.0�)from Ihe ratc of in�crest 7 have Mxn paYing for tt+e prrccding 36 momhs. My inle�est
<br /> S { rate wW ncver be grea�er�han 13.550 9b.
<br /> � (E)BRective Date of ChuaRes
<br /> � � My new interest rate wi1]becane eifocdve on each Chan,ge aa�c. I will pay the sn+onnt of my new monthly payment
<br /> � � be$inning on Ihe fust manthly,p�Yme�t da�e efler 1hc Chatoge�ate until lhe amour�i��i t»y monlhlY PeYment cl�nges
<br /> �! ��
<br /> I (F�Notice o�CY�n$es
<br /> ; 'Ihe Nae p{o7der will delivcr or mail to mc u notice oi any changes in my ina�csi rate and the amount of my monthiy
<br /> paYmcnt before ttae eJ6rclive daic of any change. 71ic notice will includc mf�requirod bY law 10 be givcn ma and
<br /> �,�: ' aLso Ihe 1�Ue and telcpPoorx numbcr of a person who will answer any question!m�y have regarduig�he�olice.
<br /> � ,ti B. TRANS�R O�TH�PROPERTY OR A BIsN�:F7CIAL lNTEItF;.ST 1N BORROWER
<br /> {*� Unifarm Covenant 17 of the 5ecurity lnswment is amendcd to rc�c1 as fol�ows:
<br /> { Trwnster of tde Property or A Beaetici�l Interest in Borrower. 70 a10 or any part of Ihe Property or any interest in it is
<br /> ' sold or transfcrred(or if a bcncGcial intcrest in Borrowcr is sold or vansfcrred and Borrower is not a nawrul pason)
<br /> • � without Lender's prior written consent,Lcnder rtwy,at itc apuon,reyuire immediate paymeot in full of all sums secured
<br /> �}. by this Socurity Inswmcn� Howcvcr,lhis opuon chall not bc cxcrcisui by Lcndcr if cacrcisc is prohibiwd by fedcral law
<br /> as of U�c datc of�his Sccurily Inswmcn4 I.cnJcr aLw shall not cacrcicc this option if: (a)Borrowc,�rauscs to be
<br /> � submiuod w l.cnder informauon rcyuircd by l.cndcr w cvidwv�c thc intcndcxl uansfcrce a�t if a new loan wcre being made
<br /> �� to thc trans[eroc:and(b)Lcndcr rcawnubly dcicm�inca lhat Lcndcr'� sccurity will no�bc impaircd by thc loan
<br /> � assumpdon and Uwt thc ruk of s�brc�+ch of any covcnunt or�rocmcnt in ihis Sccurity Inswmcrit is acccp�ubtc w
<br /> 1 �T ihc extcnt pcm�iucd b app'' Y ' B.'
<br /> y hwblc tuw,Lcndcr ma char c a rc:►sanablc foc as n condition w Lcndcr's conscnt to
<br /> �i.,.u,o�,�Q���M.,�u,n t rndc�mnv aluw rouuirc Ihc uun�fcrcc to sign an uc�umption agrocmcnt lhat is�cccpiablc w
<br /> . .._,._—..
<br /> L.endcr atxi that obligatcs,thc�r�uisCcroc to kccD all prom�scs und agnx.mcnl+w.�1c m Ihc i:otc and in titiis�ocuri�y -
<br /> � Instrumcn� Bcxrowcr will wnlinuc w bc ubli8atcd undcr thc Natc und�hi�Sa:urity Insuumcnt unlcss L.cndcr rcics�scs
<br /> Borrowcr in writing.
<br /> /�.�/� "By inivaling,thc Borrowcr(s)acknowlcdgc(s)Uiat this pagc is pagc 1 of 2
<br /> i: _..1_L�— of Ihc Multistatc Adjustablc Itabc Ridcr."
<br /> " Ini�lal� lniwb AC T �1: 60 0
<br /> � MULTISTATE.1DJU8TABLE RATE RIDER•3�EAR ARA1 PIAN•Sinple F�mdy•�•���•M���F��w� 'C U�II��III Ih�tlY1M111 iNM�11�l�u
<br /> , co�m z�aou �ao» P�p�1012 onu uw eoura r«�a.�a ■us� ��oo•aa�ozoo i i w •��seu i:��x n,er�+,+a�
<br />
|