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<br /> � ADJUSTABLE RATE RID� r 4
<br /> ��"_ (t Yar Tmsssry lndac!late C�s) a 1t��z
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<br /> THIS AAJUSTABLB RATE RIDEII it�dr�n�. 29TH ar or� NOUEIhEER I a� ,19 93 .
<br /> u�d Y i�wrporr�d 4wo a+id�h+0t be d��ed to�mead�ad wppis�nat tlk Mon�yt,O«d of Ttwt.or S�curpy Dwd(tM"�cut{ty I�ut�wNnt")of
<br /> � th�wa�d�tt{iwn by tht und�r�n�d(the"8orro�")to wcur�Yarower•�AdJwt�bk RyR Nots(iM"Not�"i to
<br /> �Q(t1t••L�rda��)of tMt tYM dMf ad aowrl�tbt Orop�etY dae►tbM!In tM SMcur11Y IaYru�nnt�d loaltl M:
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<br /> "s`• 3�15 BRENTI�OD CT., GRANO ISLANO. NEk3RASKA tiHtiui �
<br /> • (Property Addrsul
<br /> , ��.-'=�='�T��� �[tk �Ne e..wn Merwo.�.N.Mr.�tor eMs.ps a.y Irwru r.0 .w.y .a.uy
<br /> �-�:usa���
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<br /> ��.���.c��h,-� pY...u.T�4.as allo IW��M..�o.ri■r I.�era�r.a nu eY�.u•�r.�.Ww�M
<br /> f:"'�,; ., � aYo tYt��wi t4 Mxi�w�eslt 1 wwt pay.
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<br /> , :,� YItY��.1-iMA.fS'J ADDITIONAL COVENAN7'S.In addition to the covuunu�nd yrceuienq rmde in the 5ecuHty Imtrumeat,8orrowa aad Leoder
<br /> �w,.-�... %: .t:� .: .�1� futther cova�ant and�a as tolbws:
<br /> �'£ A. IN7ERFb7 RKfE AND MOIVTNLY�AYMENT CHANGES
<br /> '��_�� The Note provida for an iniW!interat rate ot 4•?5 �i.Section 4 of thc Note providcs for ch�a ia the iaterat ats�sd tMc
<br /> • �,�= s :�.'�,+' woothlYD�Y+��.afotlorrs:
<br /> ; � 1. /NTERBST R�TE AND MONTNLY PAYMENT CHANGES
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<br /> t (A) Clr�e D�ta
<br /> i�_:,.: The interat r�te 1 wiil psy may chante on thc firsc day of JUNE ,�9 95 ,and on that day every
<br /> , �� months the�after.Fach date on which my intercst rate could charqe is calkd a•'Ch�e Wte."
<br /> ; (S) 1'relMa
<br /> , , ' Hetinnin�with the first Chan�e Date,my interat nte will be baud on an Inde:.The"Index"!s the weekly avetaQe ykid on Ur►(tod Stata
<br /> • � Trasury:ecuritks adjusted to a constant maturity of I yeu,as made avai�abte by the Federai Raerve Boud.The mat reoent Index fisure
<br /> ' avail�bk as of the date 43 days before each Ch�nae D+ue is cailed the••Current index."
<br /> - . ' , If the Index is ao lon�er�vxiiabk, the Note Holder wiit choose a new index which is bued upon compuabte infomudon.The Note '
<br /> • . Hatder wUl tive me nalce ot this choice. �_
<br /> - ---__-__---_ (Cl Cakd�tlaotCi�r�ea TWQ AND ONE-HALF
<br /> : . Betore each Chtn�e D�te,the Note Holder wili calculate my new iaterat rate by addin� percentye
<br /> � poina( 2•5 M�)to the Currrnt Index and roundinQ to the nesrat 1/8th of 17�,subject to the limia stated in Section 1(D)below.
<br /> � 'I7�is rounded amount will be my new interese rAte until the next ChanQe Date.
<br /> • . The Note Holder wiU then determine the amount of the monthly payment that would be sufficient to repay in full the princtpa►I un
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<br /> acpected to owe on that Ch�a�e Date in substantially equal payments by the maturity date at my new interat nte.TI►e�aWt af thic calculadon
<br /> wjU be the new amount of my monthly payment. -
<br /> - (D) Uri11�o�I�teee�t Rate CY��a
<br /> � � . The lnterat rate I un reqWred to pay at the first Chan�c Da�e will not be �rexter than �-7-�+ �i or la thui �L
<br /> '�" - z•�5 hi.Thercafter,my interest rate will ne�er be increased or decreased on any sinale Chan�e Date by more than �
<br /> . �hom the�ate oi interat 1 have been payin�for the preceding cwdve months.The minimum interat rate on this loan w!U never 6e ��
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<br /> ;, �� ' kss than 2-7S �h and the mnximum inurat nce will never be�reater than 9.?5 �ty, -
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<br /> � .� (� �ffadvt D�tt otCb�Ka `
<br /> �� '�! My new interat nte wllt become effeccive on each Chan�e Date.I will pay the amount of my new monthly payment be�(nnina on the flnt !
<br /> ; �� � moathly payrtKmt date afta the C
<br /> . han;c Date until the amount of my monthty payment chmQes�ain.
<br /> �• � � (� No1ke ot CMar�a =-
<br /> The Nott Holder wUl mail or ddivcr to me a notice before euh Chanae Data The notke wiU advi�e me of: .
<br /> �_ .: (i) the new interat rate on my toan as of the Chan�e Datc; -
<br /> �.;. � . (ii) the unount of my monthly payment followinQ the ChanQe Datr; --
<br /> , . (iii) any�dditional matten whkh the Note Holder is requircd to disclox;�nd
<br /> f �� (iv) the�ddrat of the associacion you rnuld con4ct reQardin�any questfons�bout the adJustment notia. '•
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<br /> i =" � `+�«' �. CHAItGES;LIENS
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<br /> '"' • �� Unitorm Coven�nt 4 of the Securiry Instrument ia amended to read�s foltows: •a
<br />;-�'?-•. � 4. CY�r�ea;Lw.Borrower shaU pay oll taxa,assasments,and other charaes,fines,aod impositions attdbuuble to the Propaty which m�y a:�
<br /> yy ftuin a priarity over this Secu�ity instrument,and Ie�sehoid p�yments of=round rents,ff any,in the manner provtded under puaitaph 2 hereot .
<br /> _ � a.if na p�id in such awnner.by Borrowrr makin�payment,when due,directly to the payee thereof.Borcower shall{xomptly fumtsh Lenda
<br /> � � dl aotioa of amounts due under this pua�t�ph,and in the event Borrower shall make p�yment directly,Borrowa thali ptomptly fumi�h to .•
<br /> r- . . Lender rooeipts evidencin�such p�yment:. Harower shdi promptly dischuee�tny lien whtch has priority or�r this SocuHty In:trua�anr, ;•
<br /> _ ' ...�_,�.:.1 .. however•8arowa shall na be tequired to dischar�e any such Itrn so lon�u Borrower: (a)shall a�rce in writin�to the payment of the �
<br /> __ _ . _: abiiyUfon socured by wch Nen in the manner acceptabk to Lmder,(b)shall in�ood faith contat such Ikn by,or defend a jainst enforoanent of �
<br /> _ �'g=��•��� wch ikn in,lesat pra�eMin�whkh in�he opinion of Lender opente to prevent the entorcement�f the tien or farfdtum ot the Property or any "
<br /> �s J"' part theroof;or(c)dull tavre from the holder of tuch lien an�ropnent in a form s�Htfactory to L.ender wbordiaadna such tien to tN� -
<br /> �,� Security InttNmau. =
<br /> _._ � � ii i.eeaa qnenanet enat alt or my pan ot the Propeny fs subJtct to a tien which may attdn�pHaity over thts Security Instrument, �
<br /> -_� L'u'� I.aider shW tive Horrower a nake idrn�ifyina such lien.Botrowet shall satisfy such litu or ttke one or more ot ths�etfau fet forth�bore �
<br /> ` witW�tea days ot the{lvin�of the notia.
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<br /> UaUam Coveiunt t4ot tf�e Securfty Iwtrwaent i�araenda!ro rad as tollows: �
<br /> 1�- NM{a.Except far any aotioe roquirod undx�ppikabk taw to be�ivm in anahec manner,(i)any notice to Borrower pcovided fa in�his ��,`
<br /> Securiry laWrument slull be�ivea by ddiverin�it ar by m�itin�it by f nt clau mail to 8ocrower at the Ptopaty Addreu or at such ah�addras ;�-
<br /> a�Borrower m+�y de�nate by naiee to t.eader u provided herein.aad(b)any naioe tv L.snder shaU be�Ivm by fust clw maU to Lender's
<br /> �ddreu iqted lwmeia a to wch aher addrai a L.ecider may deci�nate by notice to Bonowe�as{+rovided hada.Aay aotke proviQed for in this -
<br /> S�a�ity Incrument�Ml1 be deaned to have beea�[ven co Yoaow�r a Lender wbea=ivm a the m�nnv dafp�rd Mnio. -
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