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<br /> � ADJUSTABLE liA`��tiDER
<br /> �1' . ` : (1 Y�r'lY+�a!�4,iaihc Lle d/r) G020d2baQ9 . �
<br /> - - - - _ - - - =-'fHi.�A�lUSfiRBLEitA3ERIDERbrotdetl�it 24TH� dsYof.JJST�iU1[RY .:�9 gq�.aadit ` -
<br /> inoo�pos�ted into a6d ahari be dxmed to amead and wppkmeat tLe MoRi�.Deed of t'nat a Secrorit7►�d(tht .
<br /> •'Sawity I�t'�af the s�uae d�e jivea by t�e mdasi�ned(tlie`•Bocro.rer")to�ecurt Borro�rei'slldjustabk
<br /> ,. � �tucNar(d�e`�l�'�w .T[se E�uitzEte 6�it0irig �n�totn i4ssasT�tian cf 6nr� Isttn���ebnsica;A � _ � .
<br /> �!�lfti StYIA QS Elftk • (tlltE'�.ende�")oftheaamedateaad�rovainttlkp�upatydacilbed •
<br />� —__ . - ia the Secnrity I�a�trument uKt�apted at: -- . -
<br /> 311� W BRENTWOOR BLVD GAAND ISLAND, NEBRASKA 688Q1-725t ` :
<br /> � l�D�!wdd�enl � `
<br /> 77ENOTE COMTAMIS�ROVISIOIrS AilOYYMrO�OR C�IANGES 1�I'filE Nrf�RESf 11ATE
<br /> � AND'�!�MONTHLY PA1fMENT.THE NOTE LM�TS THE AMOUNT THE�ORROMIER'S
<br /> ` �M�ITEREST RA�E CAN CHANGE AT ANY OIIE TMIE AIYD T�IE MAXMIRNYI MTE T�IE 90A- �
<br /> ROWER II�IJS'T.FAY. ; � .
<br /> ADDITIONAL fbVEN�ANT3.In additioit to t6e oovenants aod aSrammts mad�in tbe SxudtJ►I�uuma�,;
<br /> ' �otmwer and Lender further caveaaat aad agsee as follows:
<br /> A.tNTFREST 1tATE AND MONTHLY PAYMENT CNANGES . r � . '
<br /> '1T�t Nqte Prwides for w Wpat iaterc�t rsue of 4.7 50 �r.Tl�ee No4e Pravides for cLww�es ia the interest i`stea�pd tbe .
<br /> manthty payinenu,as follows: � '
<br /> - �.INTERFST ItATE AND,MONTHLY PAYMENT CBANGFS.._ .
<br /> • � ,� • � .
<br />�- -- (A)Crt�e Data . .. ;.
<br /> �� 'f'he inurat rate I vr�l pay maYchangeoa the first day of F EBRUAR�.?:� .19 95 ,aad on thst day
<br /> Nlty DZLI1 InOAW t�1Ctt8ftt[. Eaeh datt Qa which my interest rau could change is callai a"Cdange Date.••
<br /> , . ,.,
<br />'��� _ _ (a)Tie Ida� ��`.'.. �_ � ..�.::: . ... - _
<br />.: . Bep�ning with the first Change Date,my inurest rate will be based on aa indsx.Ttx a•hidex"is the wah1Y • �
<br /> arerage yield oa United States Treasury securities,adjusted to a constant maturity of l year,as�ava�7able by
<br /> -- Z'h most receat Inda� availabk as of tHe date 4S days before each ChadnBe Date
<br /> F Iteserve Board. e
<br /> the
<br /> ederal �
<br /> is caUed the"Carrent lndac." .
<br />��':;, If the videx is no longer available,the Note Holder w�l choose a new index which is based upon camparable � _
<br /> , .� i�aformation. The Note Holder wiU give me noticc af this choice. ___
<br /> . . .5:�: �:: . .� . �._ . . _ —""
<br /> �i �: ���.1�C\b�0�O�� «_-
<br /> ��,� s�::�r� �'° &fore sach Change Date,thc IvoteHotder wUl calculate my new interest rau by adding T� :':`-�`�«
<br /> —, _ ��=:.��"� percentage poi�u( 2.00Q ni)to the Current lndex.The Nou I�iolder will thm round �°�-
<br /> ` �` "'' t6e result of this addition to the nearest one-eighth of one percentage point(0.1259i).Sabject to the limits stated � `
<br /> •" ». �- -
<br /> t:,:f='��:' ` '- —_•.---
<br /> ,��� r za Section 4(D)below,this rounded.amount will be mp new interest rate unt�the neat CdangC��• _:�4-
<br /> � ��'�""' � �;�,. . , � � The Noto Holder will then determiae the amou�of the monthly paytnent that wauld b2 sufficient to repay _�- �--�
<br /> �� • g� _
<br /> ..�y:i�.:': .�i�t"`��
<br /> w� aht uuDaid principal that I am expected to owe at the Change Dau in full on the maturity date at my new imenst � �•�..:,:::
<br /> ' �� r �' '-• �� rate in substantially equal paymenu.The resnit ot this catculatio�n w�'il be the new amount of my monthly payment. . • ";:_s;,�
<br /> 'l•�i i. . . . � •i :�;y�:':,
<br /> - �P,� e. . ' _ `T
<br /> � (D)Umits os iata+est Rate Cra�ses . {1�t���K-
<br /> -;- .' �;�� . � 'Ibe interest rate 1 am rcquirec!to pay at the fust ChanB,e Date w�l aot be greater th�rt 6.7 50 9i or kss th�n . ,r r�'_ '
<br /> , �" �, ,•_,�',.
<br /> r... .
<br /> ��:` - � "t'* 4.00 °1i.Thereafter,my interest rate will never be increased or decreased on any singte Changt Date by .
<br /> `�'�:.-':�:j' tnore tl�an two percentage points(2.O�le)from the rate of interat 1 have ban paying for the proading twdve months.My ,
<br /> "�,`..��.; 3nterest rate wwjjU neva be Sreater tl�an 9.7 5 0 �lo. � ' . �
<br /> ., ,,;;�'�:: � (L�EtfecUve Dste o!Chasea ' ., � .
<br /> n:• .
<br /> °•.rt�"•�;.,::. •• My hew interest rate will become effective vn each Change Date.1 will pay the amount of my new monthly
<br /> .,,,� ..
<br /> - payment�nning on the first mortth}y payment date after the Change Date until the amount oP my monthiy pay- ,
<br /> ment ctia�ges again. . � �
<br /> (F1 Nut�ce o!Clus�d f '.
<br /> The Note Holder wnGi dellver or mail to me a motice of any changes in my interest rate and the amaunt of my �� �i`•� .
<br /> � — montbly payment before the effective date of as�y�.aage.The notice will include information required!►y law to i:'''�..._
<br /> - — - --�-� i�e siven me and also the tide and telephone numbe►of a person wi�o wiii answer any qucstiaa 1 may ha:�e cegardin� . E-���=�- .--.
<br /> .. the notice. ��� .
<br /> !1.7'RAP18FEtt OF THE PROPERTY OR A 11ENE�ICIAL INTEI�FST 1N BORROWER i
<br /> Unjforai Covenant 17 of the Security lnstrumeat is amended to read as folt�ws: ' '
<br /> Tn�dee ot tre P�+opern►ar s Eaefidat Lterest ls lbrrower.If all or any part of the Property or any interat �
<br /> in'i�is soW ortransferred(or if a beneiiciallnterest in Borrovrer is solcl or transfeired and Boriower is not a aatural .
<br /> 's rior wdttcn consent Lendet ma at its o tion,require immedlate paymeat ln full of �.,
<br /> paaifn)without I.ender p . Y. F
<br /> ' til aums aecared by this Security Inswment.However,this option shall not be exercised by I.enda if exerc3se is s ._ '
<br /> prohibitl�d i�y ledetal Taw�a of the d�te of this Security lnstrummt. Lender also shall aot exercise this option ii: �_-- ._--:
<br /> . (aj Borrarr.er cawa to be rubmittad to Lender intormation required by Ltnda to evalut�te the intended transfera � '• - �.
<br /> � as 3t s new tan were be�n�m�de to the mmsferee:=ad N)Lender rasombly determina th�t Leadec's security i . .
<br /> �rill not be impairtd by the ban assumqion and that the risic of a brach o!any coveuant or ssratnent in thts S�curi- i .,
<br /> tp Iakrumeat is sccepta6te to Leeder.
<br /> __��.�______ �—._ _._
<br /> To t6e�extent permi[tad b�r applicabk law.r.a�a�m�y�bua a�reasonawe ta�a cona�son co unae�'s¢on- � � :
<br /> - - ----smtt�ti��oaar°�p�on•��.eadermtY�n9uir�tijetrinst,ereetasi�asrassn�tias�recmcattt�tiss�- - , ;:'-- .--
<br /> abie ta l.eoder aad tL�t•obliptd the uawferee to kap W the promites aed sircement�made in the Note and in Y � . .
<br /> th4 Sec�rity]nsuumKet.Borrower wi�p contieue to be oblipted utider the Note and this SavritY tastrumeat unless � ( , '-
<br /> I.e�det reiates Horrower ia.rritios. , � , , i:
<br /> MMA�AfE AO�ILTAMi MTt�1—IY��2—Si��i«rry—�wi M�Me�Y�M�s U�Ilrw MM�w : . ��hn��t77 ll�i .
<br /> �-wA w11Y VIII M011�0110i FON116�qt3►2lf-�t00�IM10��1b77ft . ' ' .
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