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<br /> --�� ADJUSTABLE RATE RIDEit 91-- 1 U8$23
<br /> -��� U YeuTrauurylndex•RauGp)
<br /> ,�.��'��"`"� 23rd Oecemt�er �,19 9� ,
<br /> _,����,� THIS ADIUSTABLE RATE RIDER b made this dnyof .
<br /> . , �nd b in�rorponted into�nd�h�U ba dee+ned to amcnd and�uppipaent the Mort�ge,Deod of Truit. or Secudty Ueed(the"SaudtY
<br /> �____�--�
<br /> ---
<br /> .:�� �u---�'..,� Imtrwnent'q of the�d�te�iven by the undeni�nod(lhe•'Bonowe�")�o�cure Baruwa's AdjuNabit Rata Note ltlu"Noto")Io HpME
<br /> ' �`'+' FBDHRAL SAVINOS�LOAN ASSOCIATION OF ORAND ISLAND.NEBRASKA (t4e"t.ender•')of d�e�dw aud cm'�iW tl�a
<br /> �_��:��!'��
<br /> - — P��Y dwcribd io tb�S�cudty Uuuumem and located a:
<br /> N
<br /> - �.. ` 305 Pheasant, Grand Island� Nebraska 68801 �_
<br /> .�,, (Property Addressl
<br /> �'�,,�::;.,..1,� TMb�ot�co�Ulr pro�Ww� dbwi�{ tw cYuRes 1�aq I�te�nl nte wl �y �aW�h� --
<br /> _. .__„_.�. -� p��reaq.Trls wu Nw Urib tAe u�on�t�y I�lenil�t�a�c4�tl�y aM tlor sN
<br /> - '4� � dw IM�u iud 1�e�d�nq 1�t p�y.
<br /> ,:r���;h=1�. --
<br /> _:'d —...
<br /> -..s?-y::..-�.�
<br /> -;-�'�__�'; � ADDITIONAL COV�NAN7'S. In addiQon to the covenanu u�d a{toemenb made la the Security Imuuwem,BoROwa uM Lp�der �""
<br /> 'r,t:���,s�.� `±. ' futther rnvenant and aQrx at folbvn:
<br /> _...— :. .i.
<br /> ---- .`.,.i.nr:_,. ,. , ..
<br /> ��inoa�i;y,� �y;�,-'-..._ A, INTERF.ST RATE AND MONTHLY PAYMC�N�CHANGFB 6`:
<br /> — ._...m..._�-nts:.'v q s,yrir
<br /> ;..: .��,c�; 11ie Note provides fo�an inftiW intefat rr�te of w•° �.Sectioa 4 of tha Nou provida tw ch�cs ia 16e Mterat nte and tM ��
<br /> ,..�::.��.� •
<br /> .�. �� . moatply P�Yments.as tollows: ----.
<br /> ;�., _ �:�:
<br /> _woi�,h�a�i,� —
<br /> ��u--- _�.-+�� � 1, JA'TBRE'ST RATE AND M�NTNL Y PA YMEJVT CHANCiES __
<br /> _��.,� ,�r,:•....p. (A) CMII�e D�tes
<br />.-.e?� �- �'. , 'Ihe interat rate 1 will pay may chanQc on the Bnt doy of 7anueTY ,�g 93 ��nd on tlut dayavery
<br /> _-��n� . � Twelue momhf thercnite►.Fach dwte on which my lntaat n�e cadd cbmQe b called a"ChonQo Wte." �^`
<br /> ty'��:. � ' ,. (6) TYe lodea
<br /> �„��• � , . BeQinnina with the first Chqnae Daie,my ioterest rate will be baxd on an ladex.The"Index"is the weekly averr�e yletd on United Stata
<br /> '���•�' Tre�ury ucuritks adjusted to a constant mawrity oi 1 ywr,as made Available by the Federal Rcserve Board.The mo�t raxnt Indax flaure --
<br /> -_ _ �' �, •-t' ---
<br /> - �'- wvwiMbk as of the dtle 43 dsya before each Chan�e Date fa called�he"Current I nde�." �
<br /> �=� '`` ' � If Uk Indac is no lonaer avallable,the Note Haida will choose a aew iadpx wAlah b batad upon campwabla inionnaUon.The Note ����
<br /> _ , �
<br /> _`,;��• " ''"° � � HMder wiB pive me noUce of this choia.
<br /> �����'�a_� ; _ 1C1 Calal.uo■otCru�a four
<br /> ;;;�.� BePorc each Chan�o Date,the Note Holder will calculate my new interat rAte by pddin� P����� �_
<br />_ .��• �• : points( 4•Q hi)to the Cu�rent Inda and roundiny to the neuat 1/Yth of 1�JY,:ubJect�o tiw Umia stated in Section 1(D)below. �rs:'
<br /> ;_f°;:' � This rounded amaunt will be my new interest tAte und i t h e nezt C hange D ata �_�;.
<br /> -•`•��'� � "� ' ' The Nota Ndder wfll then determine Ihe amount of the monthly poyment tho�would lx sufficicnt to repay in full Ihe principal 1 am �.rt�';;
<br />�' � .
<br /> -;- `� '' expectM a owe on that Ch e Dare in subsu►niiaU • �
<br /> ;�� .. �nnq ' y equal paymena by the mnturity drte at my new interat rAta The rcsult ot Ihis cab'ul�Uon 16l�'
<br /> - • r � will be the new amount of my monthly paymrnt.
<br /> Y�L�• ��,iM'.
<br /> _- , :"•"�"`"' IDl I.IIbIW OM IOk�tfl R�1!CM�AelB
<br /> ' ' ' • � The interest ra�e 1 am required to pay at �he flrst Change Dale will not be 4rpter �hon �0.5 y� ��� �� —�i'--•-
<br /> � � 6.5 n•.Thcreaf�er,my intcrext rate will never be increased or decreued on nny sin�k ChanRe Durc by rnorc tlun F
<br /> - � .�urs..w e..r I
<br /> • ;�,�,. � ••r' 2 0 from the rate of interat 1 have becn payina for the prettding Iwelvt months.The rainimum in�erest rutc on IA(t loon wlll never be �
<br /> . � s '•• . ku than 5•0 _.__�and the maximum fntercst rote wiU never be greater than 12.0 qy.
<br /> :� ,�w�: .
<br /> ' �:� ,1• (E) E(tecliveDtleofC6a�a =---
<br /> � • My new inlerat rate wlll become effeclive on each Chenge Date.l will pay Ihe amount of my new monthly p�yment beQinnin�on the fint --
<br /> � � ���r�� .� �"� montidy payment date aiter�he Ciwn4e Date until�Me amount of my mont6ly paymeM chan�ea a�ain.
<br /> ' `f,�:`'. . . ;atii� .°
<br /> .,;;�� ..... .
<br /> (F7 Notke ot C6�o�a �,
<br /> �� • ' f 1'he Nota Holder will ma{I or deliver to me e notice bcfore each Chan�e Date.The aotia will advise me of: �•
<br /> � �
<br /> �" (i) the new interat rate on my loan as of the Change Date; _---
<br />` • , (ii) the amount of my monthly payment followinQ the Change Date; _-
<br /> ' ' ,,-•-•,� (fii) nny additional matters whith the Nae Holder is required to disclase;ond ���°
<br /> ' (iv) the addras of the a�sodadon you could rnntact regardin4 ony questioro ebout the adjustment naice. �"�'-
<br /> .: ,' �.�r' ,. ',
<br /> • B. CHARGES:LIBNS r'�'{�'
<br /> „ �'';.
<br /> " Uniform Covcnant�of the Security Instrument is wnended to rpd as fdlows: ( •�,':
<br /> � � �. (,'MuQa=[.ie�.Borrower sh�ll pay nll taxes,assessments,and olhcr charges,Ma,and impo�itions attributable to�he Property which may i
<br /> � � attain a priority over�his Security Inslrument,and kauhold payments of ground rents,if any,in the manner provided un�tt paragraph 2 hereof
<br /> � w.if not pafd fn such manner,by Borrower makina pwyment,when due,directly�o tAc paya thercof.Horrower shall promptly furnish Lender
<br /> . aU notices of amounls due under�his paragroph,and in ihe evem dorrowcr shall make payment dircetly,Borrower shall prompUy furnish to
<br /> , I.ender receipts evidencing such payments. Borrower shall promptly discha�Qe any Ilen which hw priority orer �Ns Securlly Inst�ument; j
<br /> � • however, Borrower shall nu1 bc reyuireJ �o dixlwrge ony sucli Iten so luny as Borrower:(a)shall agra in writin�to�he payment of the
<br /> . obflyotion se�ured by such lien in the manncr�cceptuble to l.ender,lbl tihnll fn good faf�h contest wrh Ifen by,or defend ugaimt enforcemem of ,
<br /> �� such Nen in,Icgal praeeding+Nhi.h in�hr npiroun nf Lender upera�c ui prc�ent�he enforcemem of thc licn or forfeiture o(Ihe Properry or eny
<br /> ° ,'� � � "� pqrt�hermf; or(c)shall scture from tl�e holder uf+uch lien wu agrecment in a form tia�isfuclory�u l.ender suburdfnaling wch licn to this '
<br /> �'+•�� Securlty Inslrumen�. ' ,
<br /> , �, . If Lender determines�hat uU or auy par� o(Ihe Pro�xrly i+wbject lu a lien Nhich may attnin o priority over�his Sttunty Instrument,
<br /> � Lender shall give Borrow�r a�wtice idemifymg tiuch I�en.Horruwer shull sutisfy wch lien or take une or mure of the ucllons ut forlh above
<br /> • -• � wfthfn ten days of the�ivinQ of the nutice.
<br /> _ , C. NOTICE '
<br /> • ' Unitorm Covenont 14 of the tiecurity Instrument ix amendnl to read us Follows:
<br /> 1�. Nolice.�x�rpt for any notice required under applicable law to be given in unother manner,la)nny notfce to Bc�rrower pruvided for in this
<br /> • . � Security Instrument shall bc gfven by delfvering it or by maflfng it by fir+t clus mall tu Borrowcr at thc Property Address or a�such other address
<br /> � os Borrower may dsignpte by notic¢to Lender as provfded herein,and Ib1 any notia to Lender shall be given by firs� clus mail to l.ender's
<br /> eddress stated herofn or to such other addras as l.ender may designate by notice�o B«rower as provided Mercin.An y notia provided fo�in this
<br /> �� Security Imtrumen�shall be dcemed to hove been given 10 Botrower or Lender when�N�m in�he manner dcsiQnaud„erein.
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