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<br /> ADJUSTABI.E RATE R[DER 94,..101f,10
<br /> - . � (1 Yar Trwury ladnc•ittte Gpal
<br /> THIS M7USTABLB RATE 1l1DER Is md�thl�24TH d.y ot FEBRUARY ,1994 ,
<br /> u�d k Ia�paKOd 4uo�ad tluill b�d�n�d to wod ud wppl�►�n�tht MortWe.W�d ot Ttuu.or S�curky DMd(�bt"S�cwrky lauruaw�t")ot
<br /> tM wae d�t�tiv�n by tbt uad�{n�A(tM"Bortorwr")a Mcun EorcoweP�Adjwtsb{��te Not�(th�"Note")to
<br /> ° -� • �Q lthe'�L�nMr,�)ot tM�du�r�d oowriy Uw ix�Y dNCrlbd In ths SicwkY irutrusrnt�ad loaHd at:
<br /> ,� 412 ORLEANS. GRANO ISLAND NE 688Q3
<br /> � (P�opertY Addreu) ` --
<br /> - - _ ---_-��:_�
<br /> TW wle tontai� po�Wo�NIoMt� ta cir�a I� �� i�isn�l nte ui wy �sntYq'
<br /> p�rwniu.Y'rb wte aYo IIri41\e uror�l wy i�ts►at nu c�cM��e�t aq o�e 1i�t�M
<br /> atw tre oi�i..■.w ue w�w.r.�.l�wst p�r• -
<br /> �---- ADDIT[ONAL COVFNAN'['S. Ia addition co tbe covmana and�reemenu m�de in the Security Insuument, Bonower�nd Lendsr
<br /> - — _ --_-- further oovenu�t and a�ca as toQowa: --
<br /> A. [N'fERFS'T RATE AND MONTHLY PAYMENT CHANGFS
<br /> � "� ` ""�z�' The Nae provlda tor u►initi�l interat rate af 5•�� gi.SecHon 4 af the Note provida for chan�es In the interat tate and the
<br /> -:�,y.�:,.-��
<br /> monthly paymenu,u follows:
<br /> �a���'� '!� ..
<br /> - ` �.Y.;:;
<br /> . . F`!�fi�;"�^;:'°'{?� 1. INTEREST RATE AND MONTHLY PAYMENT CHANQES i
<br /> •'„'�,"'. ' (A1 CWpD�tM
<br /> �';�;�"".''�'�-' ' •' The intaat rate 1 wili pay may c6an�c on the Hrst day of (rIA RCH ,�q 95 ��on th�t day every
<br /> „ . . ,��` 12 months thereafter.P.ach date on which my interat ntc could ch�nee is cailed R"CFunQc I�te."
<br /> �:�;;. Q) ?Ml�e/e:
<br /> . � . ° �� He�innin�wilh the 8rtt Ch�tnQe Date,my Interat nte will be bued on an Index,The•'(ndex"is the wakly avernae yleld on United StRte�
<br /> ,�..-w. -� � .. Treuury�acudtia adjwted to a canstant maturity of I ypr,u m�de avaltabk by tbe Fedenl Rectrve Bosrd.The mwt tecent It�drx ti�ure
<br /> �v�ilabk�s of the d�te43 days before each Ch�n�e D�tel�c��led the'•Current Index:'
<br /> ' It the(ndex la no lonaer avallable,the Note Hdder wtll choo�e t new index whkb li b�ued upon comp�r�ble inforrtutlon.Th�Nott
<br /> Holdsr wiU�Ive me notke of thic chofce.
<br /> r;,;• ..
<br /> �. " (Cl C�ie�tlwotCM�u
<br /> ,,.�1!:`.�. &foreach Chuise D�te,theNoteHolder witl akuLte my new internt rate by addin� TWD AND ONE-HALF percent�e
<br /> T� potnu( Z•5 �li)to the Currmt Index�nd rounding to the nearat 1/Bth ot I�W,iubJat to the timits sated in Section 4(D)below.
<br /> 'fh4 roundedunount will be my new interat rate until the next Chanpe Due.
<br /> The Note Holder wiil then dctermine the amount of the monthiy pnyment ttut would be sutflcient to repay in full the prfncipal I am
<br /> �r acpected to owe on that Chanae Date in subscantially equal payments by the maturitydpte at my new interest rate.The tault of this calcul�tfon �t"
<br /> will be tix new amount of my monthly payment.
<br /> ,?��;:.::.. . (D) ILi4 0�I�terat Rate Cb�a�a R°:�
<br /> The imerat r�te I am r uired to "
<br /> eq piy at the first Chmge Date will not be greater than ?•�� �W or lae thsn
<br /> W
<br /> � _ 9i.Thereafter,my interest rate will never be increued or decreased on any single ChanQe Date by more than TWO �E'
<br /> i;r,�'' Z•� from the rate of interest t hnve been paying for the preceding twelve months.The minimum interat rato on this loan witl never be �'
<br /> 3.00 10.00 0�,, �`_
<br /> :��,� las than hi and the maimum interest rate wiU never be�reater than �
<br /> �� (B) Etfcetive IMIe ot Ch��en
<br /> My new Interat rate will become etfective on each Chanae Date.1 will pay the amount of my new monthly payment beQlnntna on the first ��
<br /> ' t monthly payment date after the Change Date until the pmount of my monthty payment chon�es aQain. ,
<br /> � , (F) Nolice of Ch�nQa �
<br /> . The Note Holder wlll mtul or deliver to me�t notice before each Ch�nQe Date.TMe notice wiil advise me of: �'�=
<br /> " (1) the new interest ra�e on my Iwn as of�he Change Date:
<br /> � � pq the rmount of my monthiy payment fdlowing tht Change Qate; "' _
<br /> � � (iip any additional matters which the Note Holder is required to disclose;and
<br /> (tv) the address of the ossocia[ion you could contace re�tardin�uny quntansxbout the odjustment notice. �.
<br /> . '; j .�
<br /> - ' !� B. CHARGES;LIENS �
<br /> ' Uniform Covenatnt 4 of the Security I�strument is amended to read as follows: �
<br /> � t � �.Ch�rqa;Ik�u.Borrower shail pay all taxes,assessments,and other charQes,fina,�nd impositions attributable to the Property which may �
<br /> � ';� ' t sttdn a priotity over this Securlty Instrument,and leasehold payments of ground rents,if any,in the manner provided under paraQraph 2 hereof
<br /> F or,if not paid In such manner,by Borrower making payment,when due,directly to the payee thereof.Borrower shall promptly furnish Lender
<br /> - atl notices of imounts due under this puasraph,and in the event Borrower shall make payment directly,Borrower sh�ll promptly fumish to
<br /> �- ' Lender rectipts evidencing such p�yments. Borrower shail promptty dischar�e any lien which hns prlority over this Securiry [nstrument;
<br /> ' . however, Borcower sh�U not be rtquirtd to dischorge nny such Ilen so long as Barower:(a)shall agra in writina to the payment of the
<br /> �� . obli¢atlon secured by such Iien in the manner acceptablt to Lender(h)sh�ll in good t�ith contest such Ifen by,or defend agafnst enforcement of
<br /> • . � such lien in,te�al proceedinQs which in the opinion of Lender operate to prevent the enforcement of the Ifen ar forfeiture of the Property or any
<br /> � part thereof;or(e)shall secure from the hotder of such lien an a�reement in a fam satisfnctory to Lender subordinatiny such Ilen to this
<br /> Sccurity Instrument.
<br /> ti � !f Lender determines that all or any part of the Property is subject to a lien w�hich may attain a priority over this Security Instrument,
<br /> s•:
<br /> """= Lender shall pive Borrower a notice identtfyinQ such lien. Borrower shall sntisfy such Ilen or take one or more of the actlons set forth abovo
<br /> --�--- - within ten days ot the�tvin�of the nottce. �
<br /> •' C. NOTICE
<br /> 't ��� s Uniform Covenant I4 0£the Security Ins�rument is amended tn read as follows:
<br /> �, �■ 14. Notiee.Except for any notice requfred under applicable law to be gfven in anotMer manner,(a)any notice to Fiorrower provided for in this
<br /> ' ? � Security instrument shall be given by delivering it or by mailing tt by first class moil to Borrower at the Property Address or at such other address
<br /> �'' as Borrower may desiynate by notice to Lender as providrd herein,and(b)any notice�o Lender shall be given by first clnss mail to Lender's
<br /> .�'T,' � ' address stated hereln or to such other address as Lender may design�te by nutice to Borrower as provided herefn.Any notice provided for in this
<br /> i 1� Security Instrument shall be damed to hovr been yiven io Borrower or Lender when aiven in the manner desiQnated herein.
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