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<br /> � 93-' �0049
<br /> J ADJUSTABLE RATE RIDEIt
<br /> • ti Y�'fn�wry i�ia�--wwr:�pf OOZ002!l798
<br /> „ THISADlUSTAELERATERIDERi�m�dethfs 19TH �Yof NdVEAi1BER ► 1993 +��
<br /> _ � incorporued lata�nd ih�ll be deomed to unaid and�upplen�eat the Moh�e�Dead of Truu or Securlty Deed(tbe
<br /> ••Sxurity Instrument")of the wne date�dven by the undenitned(the"Bortawer")to�ecure Borrower'�A4�uuable
<br /> ° it�te Note(the"Note")to 1A� Eouit�I11 IYi1011l� 1110 101f1 A4�OC1�ti0A 0} Af1Ad IIIiAO�N11tt�k1, A
<br /> - F�dml QYVtn��I�et (ttK"I.auler")ot the w�u d�te aad coverla�the propaty dac�ibed
<br /> in the Security inurument and locued u:
<br /> 2833 BRENTW000 BLVD ORAND ISLAND, NEBRABKA 08801-7201
<br /> IpropertY Addrs++)
<br /> THE NOTE CONTAINS PIMOVISIONS ALLOMIWfi F01!CHAPIOES IN THE INTERE8T RATB
<br /> AND THE�IIONTHIX PAYMENT.Tt#E N01'�I.IMITS 1'NE+1►M�UNT THE BORROWER'S
<br /> INTEREST RAI�CAN CHANOE AT/1NY ONE TIME AND THE YAXIMUM MTE THE BOR-
<br /> �a��i'�- ROWER MUST PAY.
<br /> - - --- ---�.� -
<br /> '�' � 'E�i`�`•` ADDITIONAL COVBhANTS.In addit�on to the covenants aad�raa�enu mule la tbe Securlty Inatrument. -
<br /> . Borrower nnd L.eader further covenant and s�rae as followr
<br /> A.INTERF.ST RATE AND MONTHLY PAYMENT CHANSES
<br /> ` ' >?:�� The I�iote provldes for an initial intcre�t rau of 4.T 50 �•T�Note provtda for chac►�es in the interat rate aad the
<br /> `Fi14;
<br /> ' �, monthly paymenu, as foilows:
<br /> ,.:, .
<br /> 4.INTEREST RATE AND MONTHLY PAIFMENT CHAIYCFS •
<br /> ' (A)C6�a�e DA�ks
<br />- •:;•�. The interest ratc I wlll pay may change on the first day of DEC6MBER �19 94 .and on that d�y
<br /> , every 12th month thereafur. Each date on which my interest rate could chan�e is called st"Chan�e Date:'
<br /> (�?'!'�=I�sfex� ,
<br /> :;.,�y,>; `� .' ;' �:�' Be�inning with the�rst Change Date.my Interest rate will be baced on an Indcx.The"Index"ts the weckly
<br /> .�i�:�.:•�. ..:: •�. -•T, average yleld on United Stetes Treasury securities adjuated to a constant matur3ty of I year,as madc available by
<br /> � thc Fedcral Reserve Board.The most recent index fi�urc availablc aa of the date 4S dsyi before each Change Daus
<br /> ; is called the "Cunent Index."
<br /> ;•;�4�+�1� , .;;',.;- � '':
<br /> � ,tT;,::.;. . . If the Index is no longer available.the Note Holder will choose a new index which is b�sed upon ccimpuable
<br /> � .`' . • information.The Note Holder wjU gtve me notice of this choice.
<br /> , �, . . , •
<br /> '? �� ��:�. (C)Cakulation ot Chpn�ea
<br /> �,�n�,+� w�:r��y;�,;,���;:.'��f Hefore e�ch Chsnge Date,the Note Holder will calculate my new interest rate by adding �
<br /> r.t iICYO.Y\�.'�h ., �� 1�)�
<br /> •;,.,, , .,.� _ ,�a `;13 percentagc points( 2.000 ho) to the Current Indcx.Thc Note Hoidcr will then round
<br /> ; �• � : the rosult of this addition to the nearest one�eighth of one percentage polnt(0.125�u). Subject ta tho limits atated
<br /> • .� � � In Soction 4(D) below,this rounded amount will be my new interest rate unttl the next Change Date.
<br /> ; „.,� � •y� : The Note Holder will then determtne the amount of the monthly payment that would be sufHefent to repay
<br /> ••- ;•� the unpaid p►incipal that I am expected to owe at the Change Date in fuU on the maturity date at my new intetest
<br /> ' � rate in substantially equal payments.The result of thjs calculation will be the new amount of my monthly paymeat.
<br /> � • � ' i
<br /> '" ' • ' (D)Limits on Interest Rate C6s�ages
<br /> • � Y •.d�� �i'���''.;� ' The interest rate I;un requlred to pay at the first Change Date wlll na be greater than 6.7 50 ho cr:cxs ti�n
<br /> 'r�� '^ "�t%�>>- 4.00 %i. Thereafter.my[nterest rate wIll never be increased or dccreased on any stngle Change Date by
<br />_ �� . _.
<br /> _ rt j, more than two percentage points(2.0%)from the rate of lnterest I have been paying for the preced[ng twcive months.My
<br />_ ` +t � interest rate will never be greatcr than s.7 50 %•
<br /> .•L.
<br /> " ' ��" (E)Ettective DAte ot Chxnges
<br />�s':, . k;.;; � . • . My new interest rate will become effective on each Change Date. I wiil pay the amount of my new monthly =
<br /> � ,�.: . paymcnt begtnning on the firat monthly payment date after the Change Date until the amount of my monthly pay- f,
<br />- , ,.: � mcnt changcs again.
<br /> r� •�,,,. �, . (E7 Notke o[Chinges -
<br /> �"""`'' ' '' " The Note Holder will deliver or maii to me a notice of any changes in my interest rate and the amount of my `'
<br /> - ��"��` ���i'�`?' ' monthly payment before the effective date of any change.The notice wid include information requircd by law to f`
<br /> �, �9�Yit�.�.6ra':.,.-.
<br /> '""'`"�''"�'- be aiven mcs and also thc title and telephone number of a person who will answer�n>quc�stion I may hAVe rc�arding
<br /> . ��rC,i��tt}pi:;: • -
<br /> _ �p f�,�;k<._�'r; thc noticc. _
<br /> B.TRANSFER OF THE PROPERTY OR A BENEFICIAL INT�.REST IN BORROWER :
<br /> R:� Uniform Covenant 17 of the Security Instrument is amended to re�d as foUows: =
<br /> Tran[er ot tYe Property or n Beoefkid Ioterest in Borrower.I f all or any part of the Property or any interest -
<br /> :w i�i..ntd nr trsnafi.rr�rl!nr if a twnr�icial int�rest in Rnrrmver ic anld or transferred and BorreWer is not a ri3tUtYl �
<br /> _ __ — �»�------------•--•-- -- - -- -. ..... ....... .
<br /> -` --- - -- person)without Lender's prior wriuen consent. Lender may. at its option, requirr immediate payment in full of
<br /> all sutns secured by thfs Security lnstrument. However, this option shail not be exercised by Lrnder if exercise is ,_.
<br /> - prohiblted by fedaral law as of the d�te of this Security Instrument.Lender also aha11 not exercise this option if:
<br /> L nder to eraluate the intended transferee -
<br /> w r uses to be submttted to Lender information r uired b e _
<br /> Borro e ca Y
<br /> M
<br /> (� ' rit -
<br /> as If a new loan were beinQ made to thc transferec; and(b) Lender rcasonably daermmes that Lender s secu y
<br /> �- wW not be impaired by the loan ossumption and that the risk of t brwch of any covenant or a�rameat in this Securi- "
<br /> ty Instrument is uaptable to Lender.
<br />— To the extent permitted by applicabk law.l.ender may chuge a reasonable fee as a condition to Lender•s con-
<br /> seat to the lown sttumption.Lender may also require the transferee to si�n an assumption a�reement that is aceept-
<br /> abla to Lrnder and that obli�ata the truuferee to kap all the promisea and a�ramenta mxde in the Note and in
<br /> chi�Secudty Instruruent.Borrower will continue to be obli�ated under the Note and this Security Inctrument unku
<br /> Lender rekases Borrower ia wrltia�. _
<br /> MUITMTATE AWUSTAIti IIATf IIqLR-AIMI�2-S+rp4 F�n+iv-�rr�MWFniM MM t1NlN�Mwru��t ���111 LM
<br /> — .-�jj'jA y�� V1M N011T6A6E i0M1/�17ri1t�7-�t00�1�001�T1 77�1 _.
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