|
�-�:� � .. � =_.
<br /> . . ,. � . . ..
<br /> . '� ., . � . - -
<br /> �.� ' ' : ' . . � '_ ' ` ..
<br /> .. , , .. -. . : `. � � . �
<br /> ' . :. `_ . � , ' ' � ���� c �, .
<br /> � J� . ��s'rasLi:.�� nmEtt� � � � .
<br />� , ,. ' � � � u v.�.T�.r.�-�c.l.�� � �`Q02Q02a89d ,_
<br /> ,� TNIS ADJ135TABLE 1FKlE RiDER it n�ade this 20TH day of JANUARY . y � �Z9 94 .�nd» � .
<br /> . � inoorporated into add sbfil be damad to amend u�aupdoment t6e Mortp�tr Deed of Trust or 5avdty Dad tthe
<br /> "See�ui�1min�meaE••}of ttiestmedate�ea bytha�i�"Horrowsr")to eecura BorroKer's Adjuwble
<br /> I�teNoa(tl,e•'�toce")co iU�..Epitdlt�i�ilji��ud La�Associttie�ot at�n1 Ist��/,Mtlntt�. A - .
<br /> � � i1Nnl i�riiys 1�1k (tLe••Leadcr„)of tLe au�e due and coverins tbe propaty daccibed ` .
<br /> . . in tLe Sacutity�liG�t and loc�tted u: • . � - .
<br /> ` - 35�1 N<WEBB iiD GRANO ISLIIND, NEBRASKA Q8803 `- . �
<br /> (Propacr wda�eul .
<br /> THE IW1TE CEMtfJ1NS PROV�ONS ALLdWNIlQ fOR CNANGES iN T1l�MIITEREST RATE ,
<br /> ANGTNE NI.O.l1[i1�Y PAY�AEIrT.THE IIIOTE LMA[F8 THE AMOt11MT T!�BORROWER'S
<br /> NTEREST RIITECAN CF11i1rGE AT ANY ONE TMAE AND THE MAXMYIlJAII RAT�TNE 60R- ' .
<br /> , iW111lER MUST PAY. � • '
<br /> MDl'TIONAL COVENANTS.In atddition to the coveaants and agr�ements made ia the Seceirity Iastrameat. —
<br /> � Borrowes and LaKkr further covenant and agra as foitoars: �. .
<br /> .�A.II1tiTF.RF•ST 1tATE AND MONTBLY PAYMBNT C�ANCFS ' • • .
<br /> � Ti�e Note�ovida for an iniW�l imecesE rate of 4.T50 �i.Tl�e Note provida for changa in tLe intae�rrte aad t[ee . _
<br /> montLl�r:#�aYments.as foltows: • ' � -
<br /> 1.INTEREST RATE AND�MONTHLY PAYMENT CHANGFS • ... . • ' _---
<br /> (A)Cl�c Dates , `,,• �-�_
<br /> The tnterest rate I will pay may cd�ange on the fi�t day of . FEBRUARY ,1g 95 �ARd OA Luiµ�y ,�R>J�
<br /> every 1Zth month tbereafter.Each date on which my interest rate coWd change is cafled a"Change Date." - • � _
<br /> • (f)Tre tMles� • �=Y
<br /> _ Beginning with the fust Change Date,my interest rau vn'll be basotl on an Index.The"Index"is the waYly �.:;_.�;v_
<br /> ::�� �vera�e,yield on UnitaJ 5tates Treasury securities adjusted w a constant snatusity of�year,as made ava�able by �:T:..
<br /> � � tLe Fedaai Raerve Board.The most rccent Index�gure ava�able as of the date 45 days before each C6ange Date •� '"=``y`
<br /> is calied t�e"Ctm�m Iudex." . - � �'�.<.
<br /> If ti�e Ind�ac is no longer available,the Note Holder wiU cHoose a new indea which is based upon comparabRe � ,
<br /> information.The Note Hotder vn'll give me ao�ce of this choice, i.� , �
<br /> z:
<br /> (G�GIpI�t��00 Ot CbDj!! ' � �r�'..
<br /> Before each Change Date,the Tlote Holder.will catculate my new interest rau by adding _ � •
<br /> perantage�omu( 2.000 h.)to the Current Index.The Note Holder w71 then round �. .
<br /> the resWt of tTds addition to the nearat one�ighth of one perantage point(0.1239i).Subjxt to the limiu stated � • �
<br /> . �in Section 4(D)betosv,this rounded amount w�4t bc my new interest rate uatil the aext Change Dau. '`' � �
<br /> � � The Note Holdes will thea determine the aaaovnt of the monthty�ay�eent that would be suf�cient to rrDay '�'t''-�
<br /> . the uagai3 principa!that 1 a�t�expected to oc4e at the Change Date in fectt oa the maturity date at my new interest � '�:.
<br /> � . rate i:�smbstantialiy equal paymenu.The result of this calcula��w11 be t$e new ase�c�unt of my znonthly paymerrx. ( -
<br /> � , . �'
<br /> . . N)LNU o�laterat R�te C1isKes , .
<br /> �'
<br /> The�eurat cate I am m{uired to pay at the fust Ct�ge Date wHl nat be goeatsr than 8.75� hs os tas than �; .
<br /> 4.00 9i.Therwfter,my intarest rate wilY never be increased or decreased on any singte Change Date i�y
<br /> more tl�aa two peranta�e poinu(2.07i)from the rate of inurcst 1 have ban yaying for t�e preooding twdve month9.My f• �'
<br /> interat rate wi4 never bt greater than 9.�50 ne. � -
<br /> � c��rt«u��n.��or cr�.s� . f ,
<br /> My new lnterest rate will become effective on each Change Date. I wlll pay the�amoum of my aew monthly ��
<br /> paya�begianing on t�e first monthly payment date after tF�e Change Date until the amount of my monthly�y-
<br /> meat e�saa�es agaia. .
<br /> . , (�Nodae of A�es ' � .�.:
<br /> The Note Hotder will deliver or m�tl to me a notice of any changc�i,,my interast rate and the aa2ount of my
<br /> ' montNK ptya�ent before the effective date of any change.The notice vriTt include information rr�a:red by tap to
<br /> '-�' be pven me and aLto tbe atle and tdephone number of a Derwn who wi U answer any c�-•�on 1 may h ave reEu�ins z �"''.�'
<br /> tLe notice. ; . ' , ���''�
<br /> S.�'1tANgFER OF?HE PROPERTY OR A BENEFIC,�AL INTERF�ST IN�O R i r O W E R
<br /> �. ' . llniform Covenant 17 of the Security Instrumeat is amended to read as follows: •� " .
<br /> ' � 71�arter oI tre�rs�eri�or a le�efidai bterat��re+ower.lf tll or Any�art ot tLe Property br uty intarest ':' :'
<br /> in it i�aoW or transferred(or if a benefi�ial iaterat in Borrower is sold or traesferred and Borrawee is not a e�t�ual '` '
<br /> peraon)vrithout Lender's'prior writtcn consent,l,endu may,at its option,tequire immediate paymmt in fuU of ��_.
<br /> . �ll wst�xuted by tUi:Securlty lastrument. However,this option ahaU not be acerelsed by Lender if exetcise is . '
<br /> � prebi6kad by fakral laM as of the dste of this Security Inurument.Lender also,sLaU not exercite t6is opdon if: ' � ���
<br /> ' � (s)Ho�ro�ar cau�a to 6e wbmittad to l.ender infomQation requirefl by LenQer to evah�ate the inteeded transfieree (�;.,:..
<br /> a��K s sar lao�ae bdot made to the truuferee:and(b)�Lender reasonaWy deterciina tLat Lender's aecurity .
<br /> � w�aot be imp�ad b�►tbe ban�sumpdnn��ad that the risk ot s breach ot any aovenun or aa�ement in this Securt- � , ;
<br /> . . }�r Iartrw�iat it aodeptabit to ireeder. � ' �, . �`::,:-
<br /> � ----, --.-.—�6 i1���ie�t pe�ii��+3F,aPDZic�b�e 3a�►r�ender ma�clts��g te�ottabk#tx at��os�on ta Lesder'�cwt- � -�
<br /> wt to tLa Man aMU�Oa•Leacler msy al�o require the enasferx to cisn an asiumPt�ori s�tteenent that is socept• �_
<br /> - �ble a�.aidr atl th�c ob�f+�ei the um�fera co iceep all�cbe promir�es and a�reemena made in the Dtoce�ad in �:
<br /> � : d��enritr Ja�tramem.�8orro�r�iU coatiaue to be oblipted under t6e Note uid this Security InstnmKnt unksr . ,
<br /> . 1,Ndr rdMia�Dorr�ower i�r wrkhy. � � • _-
<br /> � ��.. �_
<br /> . ' rwarr�►1nt�a�utr��►n�w_�w s:-a+�M s.�,w-�r.+.ww�r.w.u�rr.■w.w� �� � . - r.■.s»�aM -
<br /> ' . ' '�-�ttA..� �rroarswer�a�rs•o��ateo•�as:�•r»� � '
<br />
|