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<br /> ._� r -_ - -- - ---- ---- -----
<br /> _ --- _ - _--..'I .. �01354
<br /> . A�tiJ5TABLE RATE YtID�
<br /> (1 YrrTrrwry ladac•MGt Capl
<br /> TNi3 ADIUSTAIILB RATE RIABR u m�de thh �TH aay ot FEBRUARY ,�y 94 ,
<br /> ' �nd 41�oorpont�d i�to�ad�11 M dwmrd to�mwd�ed wpplMnrat th�Mott�y�,D�ed of Trv�t.or Sxv�ity t�d(tM"3ecu�itr l�utru�wnt")ot
<br /> the am�dne dwa by th�unda�i�oed ItIN"Dorrower'7 to�ecun BorrowK'�AdJusnbM Rue Note(th�"Nou'•)to
<br /> �LANQ tthe"L�ndu••)ot tks ww dau ud eovwiai,tb�pcapwtY dMaiMd 4►ths SrcwitY tuurwn�n[aod locaud u:
<br /> _ 1025 N. KENNEDY ORIUE. GRANQ ISLANO NE 68803
<br /> , - — "' (Propercy Aaduu) "-
<br /> 7'w�ou eo.c.t..vrorYbM .Ilo.iq toe cr..�w�■ ■r i�ww r.�e a.� wy �o.uqy
<br /> Nrran.TW�ote atw Wrils tb�a��t wy I�terat ralt a�cMup�t�q o�t ti�e�N
<br /> �Mo tM M�w���i tM wal��na 1�wt/�y.
<br /> ADDITIONAL COVBNANfS.In addidoa to the coven�nU and a�ramena Aude In ehe Security Instrument,Borrower and Le�r
<br /> -- ----— -�.—-� ftutha coven�at aad�ra u foUowi:
<br /> A. IM'EitffiT RATE AND MONTHLY PAYMENT CHANGFS
<br /> —��" — 'I1ie Note provida for an inidal interat rate of 6•?5 Nb.SecUon 4 ot the Note provida for chan�a in the interest rsu�nd the
<br /> ------------- tnonehlYP�Y�u.+sfollows:
<br /> _ -
<br /> - -
<br /> t ,� 1. IM'EREST RATE AND MONTHLY PAYM6'NT CHANQBS
<br /> L-::-'.y�:3. (A1 CY�e D�ta
<br /> P aCi�:,ek+�ir;;','��. The interat r�te I wlll pny msy chanae on the flnt day of �IARCH �19 95 ,A�an thst day every �"
<br /> .. .s� .,._, . .,- .
<br /> , • �;. �,�:;;:�,•a; �� months therafter.Each date on wMch my interat�ate could ch�nQe ii atlted a"ChanQe Date."
<br /> �;`:. ,:. �.: .:.... (�) TM i�dac =-
<br /> n�,t.''�:t.;•.,: ! �,�w....
<br /> " • ' +. ;;,,j ;.;,, BepinNnQ with the fir�t Chan�e Date,my interat rate will be bated on an Index.The'•Index"is the wtekly�vera4e yi¢id on Unita!Stata �_
<br /> �""�'�"'";;;�> �--�� T�euury xcu�tUa�dju:ted to A constant matu�ity of 1 year,as made availabie by the Federal Reserve Boud.The most recent inda tl�ure __
<br /> � ' ��� '� � �vailable�of the date 43 days before each ChtnQc Date is called the"Current Indea."
<br /> � If the Index i�no IonQer�vailable,the Note Holder wID choose�new index whkh b baud upon compuable infarmsdon.The Note �""
<br /> , , . . . . liolder wiQ=ive me notice of thls choice.
<br /> - •�. `, : (C) C�kYl�tlo�olCY��a =--
<br /> __ +,�.�%�'�.v;Yi��:;"',:i,.°`._ Before areh Chtn4e D�te,the Note Holder will calcuiate my new inter«t rate by addin� THREE AND ONE-HALF p�rcentaee ---
<br /> poinu( 3-5 �➢�i)to tMe Curcent(ndex and roundin�to the nearat 1/Bth of 19i,subject to the 11m1U stxted in Section 4(D)below. --
<br /> • �� This rounded amount wiU be my new interest r�te untit the nextCh�nae Date.
<br /> The Note Holder will then determine the amount of the monthly payment that would tx sufficient to repay in full the princi�wl I am �—
<br />- expected to owe on that ChanQe Date in aubstantially equai paymenu by the mtturity d�te at my new interat rate.The rauit of thii calculation —
<br />- . will be the new amount of my monthly payment. ____
<br /> W (D) U�14 0�f�ktat Rate CM���a -_-
<br /> -' � The erat rate I vn required to pay at the first Chan�e Date wilt not be ;renter than 8•75 �h or las than �""`
<br /> �' 4•� �.Thereafter,my interes[rate wiil never be increased or decreased on any sinQie ChanQe Date by moro than T�
<br /> ��- • from the rate of interest 1 have been psiyin�for the prceeding twdve months.The minimum intercat rate on thi:loan will never bc �i•
<br /> � c:•=_
<br /> }�`-' � less thou 4•75 %i anJ ti�e miuimum intorat rata wlii never be areater ttun 11.75 y�, �;,,�
<br /> � E.:.
<br /> ;� (E) Et(ecdve D�ts ot Cluu�a L
<br /> • + My new interest rate will become effecttve on each ChanQe Date.I wfll pay che amount of my new monthly ptyment be�innin�on the fint
<br /> , monthly payment d�te after the Ch�n�e Date until the amount of my monthly payment chan�a a�etn. �
<br /> , (F1 Notice ot C6a�ra
<br /> �.'_.
<br /> The Note Holder wi�l mail or deliver to me a notice before each Chonae Date.The not{ce wfll advise me of: $;'w
<br /> , (i) the new interest rate on my loan su of the Chon�e Date; �::-
<br /> • (ii) the amount of my monthly payment foltowing the Change Date; "T�`
<br /> (iii) any additional matters which the Note Holder is requfred to diulose;and .
<br /> �. ' (iv) the addrcu of the associt�tion you could conuct re�ardinQ any questions about the ndjustment nodce. ��'r
<br /> :�
<br /> ,i�;
<br /> ,� .si'3 B. CHARGFS:Lf6N3 ,
<br /> � . Uniform Covenant 4 of the Securfty Instrument is amended to rcad as follows: �
<br /> ' 4. C�u=e�i Iiers.Borrower shall pay all taxa,assessments,and other charyes,fnes,ind impositiorts attributable to the Property which may
<br /> �^ � � �ttain a priodty over this Security[nstrument,and leasehold p�yments of�round ren�s,{f nny,in the manner provided under pan�nph Z hereof
<br /> -l.` ` � � w,if not ptid In such manner,by Borrower makin�payment,when due,direcdy to the paya thereoL 8orrower shall prompdy furnish Lender
<br /> ` all notices of amounts due under this paragraph,and In the event Borrower shall make payment directly,Borrower sh�ll promptiy furnish to
<br /> . , , L.ender recelpts evldencinQ such payments. Borrower shall promptly dischar�e any Ikn which has priority over this Securlty Instrument; .
<br /> ' however,Borrower sh�ll not be requirM to discharge any such lien so IonQ u Borrower:(a)shAll a4ree In writina to ihe payment of thc
<br /> , ' � obliyation secured by such Iten fn the manner�cceptable to Lender:(b)shyll in�ood faith contest such lien by,or defend�afnsc enforcement of
<br /> esuch lien in,leQat proceedin�s which in the opinion of Lender operate to prevent the enforcement of the Iien or ferfetture of the Property or any
<br /> p�rt thereof;or(c)shall ucure from thc hatder of such lien an aQreement in a form satisfactory to Lender subordinatinQ such lien to this
<br /> ', .
<br /> Secudty Instrument.
<br /> If Lendtt determina that all or any part of the Property is subject to a lien which may attain a priority over this Security lnstrument,
<br /> `'` Lender shall�fve Borrower a notice identifyin�such Iien.iiorrower shail satisFy such Ikn or take one or more of the�etions set forth above
<br /> " , — - within ten days of the Qivin�of the not[ce. .
<br /> �� � C. NOTICE
<br /> �a • Unfform Covenant 14 of the Security lnstrument is amended to read as fallows:
<br /> 14. Nodee.Except for any notice required under applkable low to be Qiven in onother manoer,(a)any notice to Borrower provided for in thfs
<br /> Security Instrument shall be Qiven by de�iverinQ it or by mailin�{it by first c�ass mafl to Borrower at the Property Address or at such other address
<br /> f�` as Borrower may daigmte by notict to Lender as provided herein,and(b)any notire�o Lender shall be�iven by first ctass mail ro(ender'c
<br /> �' �ddtas stated hercin or to such other address as Lender m�y decig�ate by notice to Borrower as provided herein.Any notice provided for in this
<br /> Security lnstrument shall be damed to have been�Iven to Borrower or Lender when Qiven in the manner desi�nnted hertin.
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