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<br /> ADJUSTABLE RATE YtIDER '94- i�,�
<br /> • ��. Jt�"1►� ;r ctY..rrn.wry[aaa•R.c.c.p.) �
<br /> TN13ADlUSTAILEMTBRIDBRWawdtth�■ 28?H d.yo� JANUARY � ___,�� 94
<br /> � uid is f�oor�and 4uo�sd�hYl b�dw�md to�m�d�nd wp�w�t tM MoretaM.DMd ot Trwb a S�c+rky QMd ttM"�curkr UutruwMt")ot
<br /> tM wne dn��IvM by tM and�nlimd(tM"brtowa")to wcun brtowK'�Adjwubk Rue Not�(tl�e"Nate")to KQ�[��NP
<br /> NLAtlQ tth.••l.a�du��)ot tUr aw an•..a a,wria�tM prop�ny aNa�Mit 1�ch.t+euritr inaruw«u a.d�ow.a.cc
<br /> _— 1421 COUENTHY P�., GRAND ISLANO, NEBRASKA 68803
<br /> ___��--- —
<br /> - (Propaty Addreu)
<br /> - -- — 'i'IeU NM co�Wn KorMlor Wowi� ta ch�s 1� � I�tn�w nk sN wy �o�triy
<br /> ��y�b.i'MN�oh�Mo IWu tM u�or�t wy I�ten�t nM e�eluu���t u�r Me Wre�ud
<br /> -_- __ s1w t4��iui tM�al�w nt�1�wt�.
<br /> :s..�..�.��
<br /> _ - ---�-..-�.� ADDITIONAL COVENAMS.In iuWidon to tUee covenanu uid yre�meau m�de in the Savrlty Inururnmt,Honowa�nd Lender
<br /> -_-��� furthacovauatand�rxastdlow�t:
<br /> ° -- — - A. INTEAFBT ItATE AND MOHTHLY PAYMENT CHAr'GFS
<br /> -.-�--r.:.�� The Nate provida tor tn in(tW interat nte of 5•0 M►.SecHon 4 ot the Note provldes to�chan�a in the interat rate uid tbe
<br /> - monthiY P�Y�q,�t foUow�,
<br /> ,�.;.
<br /> � �. ,�No�.�� ,, INTEREST RA7'B AND MONTNLY PAYMBNT CNANO£S
<br /> �"►�'�• (A) �tD�trt
<br /> , .. !?�����, . The interat nte 1 will pq may chan�e on the ti�st day af �IARCH ,19 95 ,and op th�t day evay
<br /> '"" '�'.'' ''.'r'��`�''�S' 19 ,montiu therafter.P.�ch date on which my interat race could chan�e ls catkd�"Chanae Aate."
<br /> .�: .•,F_",,.�-� =w•.
<br /> .,;a
<br /> . :r ; �.�;,, �7� �t_ (6) Y'Y�I�ia
<br /> ��'^����•: • .�_. Be4innin�with the first Chanpe Date,my interat rnte wiU be baKd on an Index.The"Index"ls the wakly aver�e yield on United Suta
<br /> , ,4.
<br /> �._ , Trasury�acu�tia�djwted to a conspu►t m�turity of 1 yar,u m�de avdlable by the Fadatl Reserve Houd.'Ibe mast raxut Inda flsure
<br /> -j�r�r�;�:,�:;.wj;k av�bk�of the date 4S day�befae each Chsnae Aate is callod the"C�rrcnt Index."
<br /> � �w� ,., _: .K.
<br /> .* :. �;:•,;����ry.`z 1�the Index b no lon�u�vdlable,the Note Holder wlll choae�new index which ic baied upon compuabte lnforrtwinn.The Note
<br /> +�y ���,�.��,�;��; Hoider wiU{Ive me notke of thi�choice.
<br /> . ` ���lc��,-.}_�.:.:;
<br /> ��.W.,.i...�.�.s1 (C) C�kr4Non ot CY��ca
<br /> �-- w, �- .-- &fose�cls L'hau�e i?att,tht Plose Holder w!!!calrulatr my n!w lns•rnt rns•_!+y eddinp TIuD ANO nNE-HALF _ perce�t�e
<br /> � � }'•� polnts� �-5 �i)to the Cunent index pnd round{nQ to the nearat 1/8th of lqi,subjcet to the llmlts sutted in Sectton 1(D)below.
<br /> � ;•� •� � 7td�rounded iunount wlll be my new loterat nte until the next Chan�c D�te.
<br /> The Note Holder will then determine the amount of the monthly payment that would be suffident to rep�y in full the principal 1 am
<br /> -..- , • expectal to owe on th�t Chstt�e Date in eubstantially equ�l paymena by the maturity date at my new interat rate.The rault oi thic c�lculation
<br /> �'•`' ' wlU be the new amount of my monthly payment.
<br /> N) L�It�o�I�tenstR�teCM�r�a
<br /> ' � � ' The interat rate I am required to pay at the firct Change Date wiil not be arwter th�n ?•� �A► or leu thtn
<br /> w � 3-� Ni.Thereafter,my interest rate will never be increased o�dcercased on any slnQle ChanQe Date by more thon �
<br /> �_; _'.: �. �";�,s,� ��_n41 from the rate of interest I have been payinQ for the precedin�twelve months.The mfnimum interest rate on thl�lan will never be
<br /> �' � } . "-.�.`~ ku tlun ',.D Ki and the m�ximum intcrat r�tte wiil never be�reater th�n 10.0 �. _
<br /> (E) Ettecdve D�te of CNn�es
<br /> � My new interat rate will became cftective on each ChanQe Date.I wiil pay the Amount of my new monthiy payment beQinnin�on the fint
<br /> i :�_ , monthiy payment d�te after the ChanQe Date until the amount of my mnnthly payment chan�es agaln.
<br /> • • - (F9 Notice ot Cla��a
<br /> :. �. . 'fhe Note Holder will m�ll or deliver to me a notice before each Chanae Data The notice will advise me of:
<br /> (i) the new lnterat r�te on my loan�a of the ChanQe Dnte;
<br /> � r "" pi) the amount of my monthly payment foilowlnQ the Change Date;
<br /> , ''� (8i) any additiun�l matters which the Note Holder is requfred to disclou;s�nd
<br /> . �-`"'• . � (iv) the addres�ot the usocittion you could contact reQudina any questions�bout the ad;aatment notia.
<br /> ;�� y�i',�-
<br /> ���'•-- � R CHARGES=LIENS
<br /> }"% Uniform Covenant 4 of the S�cu�ity Instrument i�amended to read u follows:
<br /> �(, � ' 1.C�e�=IJer�.Bonower�hall pay all taxes,usasmants,and other chu�es,flnes,and impositions attrfbuttble to the Property which m�y
<br />.�_: ' r�i�._:.•..:.. . ..•
<br /> .:• ,.:�� _. utaln a priority over this Secudty instrument,and Ieasehold payments of around rents,if any,in the manner provided under par�raph 2 hermt
<br /> �'' �..z~-•. . or,if not p�(d in such manna,by Horrower maki
<br /> _ . , n�payment,when due,directly to the paya thereof.Borrower shaU prompdy furnith Lender
<br /> �r=:, -� �•:,..; :;� ali notka ot�mounts due under this paraQnph,and in the event Borrower ahatl m�ke payment directly,Bonower shall promptly turnish to
<br /> .���- • - Lender reaipt:evidencina such p�yments. Borrower shall promptly diuhuae any Ilen which has prtority over this Security lnstrument;
<br /> 4•:C=.- ,
<br /> ,,.`.s.•.' '...��•_°� however.Bonower s1u11 not be required to dlscharQe any such Iten so IonQ as Borrower:(a)shall aaree in writins to the ptyment of the
<br /> _ � ��,�,;�_;,,;_ oblijadon secured by tuch lirn in the manner�ccept�ble to Lender,(b)shdl in Qood faith contat such lien by,or detend a�ainst enforament of
<br /> ..-_� .- , �,,:-•,.-
<br /> ;� ��� weh Ikn in,{e�ai proceedinp which in the opinion of Lender operate to prevent the enCorcement of the Ilen or forkfture of the Property or�ny ,
<br /> _:t��ig^=�°=s�. put thaeot;or(c)sh�l securc from the hWder of iuch ifen m aQrament in a form utidactory to Lender subordinatin= auch ikn to this
<br /> --� - - -- Srcudty Inttrument.
<br /> � Jf t.e�der determina tbrt ap or u�y part of the Propeny Is:ubjcet to a lien which may attdn R prioHty over this Secudty Instrument,
<br /> I.enda�II aivs Hocrower�notia identi[vina�uch Itm.Horrowu shait atisfy such Iten or take one or more of the�ctfons set forth above
<br /> - within tm dtys o(the�ivin�af the notia.
<br /> -- C. N07'ICE
<br /> Uaitam Covannt 1�ot theSaurity Inicrument�amended ro re�d a fotiow�:
<br /> 1�. NWa.Bucept for�ny nottce required under�ppliabte I�w to be�fven in�nother manntt,(a)any notice to Borcower pruvided tor in this
<br /> Serurity I�uuwnent aWl be{ivrn Ly deliverin�it er by maflinj it by flrst cl�ss mafl to Borrower at the Property Addras or at such other address
<br /> u Horrowa may dai�aau by notioe to Lender u provided hrrein,�nd(b)any notice to[.ender shall be Qivrn by tirst cins mtil to LrndePs
<br /> addnu stated herdn or ta such oti�a oddreu a�Lcnder may desi�nate by nc►tfa to Borrower u provlded haein.Any notice provlded ta in thfi
<br /> - SrcuNey Imvunxnt s1uU bs dKmad to hwe ban�iven to Borcower or Lender when aven tn ihe nwmer daianated huein.
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