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<br /> �518805 84���.��'14 FNAR�Si le-1
<br /> ' ' � dDJUSTABLE RATE RIDER
<br /> (1 Yesr 1Yasury ladex-Rste Cips-Fixed Wte C�avenbn Optfoa)
<br /> • TFI1S ADJUSTABL� RATE RIDER is mode thls 28TH day of FEBRUARY , 19 94 .and ic
<br /> . incorporated into wnd chall bo deemed ta amcnd und supploment the Mortgage. Deed of Truct or Sccurit�r Deed
<br /> _ (the"Security lustrumcnt")af the samc dute given by the undersigned(the "Botrower")to securc Borrower'a
<br /> ti, AdJustable Rate Note(the ••Note") to NORWEST MORTOABE� YNC.
<br /> - (thc"Lendcr")of thc same d.ite and covcrirtg thc property described in __._
<br /> the Security;nstrument and located at:
<br /> 2924 C30LDENROD DRIVE CiRAND ISLAND� NE 66801
<br /> ---- _-_—- _ [Property Addrcss]
<br /> �.�.-�_.�..��:� THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGIES�N THE INTEREST RATE
<br /> , AND THE MONTHLY PAYIIAENT.THE NOTE LIIIAITS THE AMOUNT THE BORROWER'S
<br /> �°��?�s°��r,�;�� ADJUSTABLE INTEREST RATE CAN CHANGIE AT ANY ONE TI�IE AND THE�IIAXIMUM
<br /> � RATE THE BORROWER MUST PAY. THE NOTE ALSO CONTAINS THE
<br /> Y° OPTION TO CONVERT THE ADJUSTABLE RATE TO A FIXED RATE.
<br /> . ,� ADDITIONAL COVFNANTS.In uddition to the covenantsund u�reementr�mude in the Security Inxtrument,
<br /> . �""`;'�'r'` "•�'. �' Barrawer and Lender further covenunt und u�rce u�foil�w�:
<br /> • r�'�.':'�`�'�`'?.� • .�
<br /> • �° A.A!)JUSTAH1.f:ItA7'I�:ANU M1tt)N'I'111.Y i'AY�iF:NT C'iIAN(:F:ti
<br /> ��,�4„�,,.f.. ��,,,,�� Thc Notc pr�widr.fur un iniiiul intrrc�t rutr uf �.000•6 'Thc Notc providc�thc chunLc.in thc adjutitublc
<br /> ,, "' , intcrc�t rutr anJ Ihc manthly puymcnt�,u.G►Uuw�:
<br /> ...,t::...... .
<br /> 4.AUJUS'1'AIi1.Es IN'1'kRMS7' RAI'l:ANU MUN'l'NI.Y YAYMf:NT CHAN(:ES
<br /> IA)Chs�nRc U�tes
<br /> . � . The lidjustubic interc�t ratc 1 will puy muy chungr on thr fir�t duy of MARCH , 19 93 ,
<br /> � , und on that day cvcry I3ch month thcrcuftcr. Each dutr on which my udjustublc intrrctit rutc could change is -
<br /> ,,.: , cuUrd u"Chunge Date."
<br /> ---�-- t131'I'he Index
<br /> Beginning with thc firtit Chunge Date,my udjustable intere�t rate wiil be ba�ed on an Index. The"Index" i�
<br /> � the weekiy average yield on United States Treasury securiti��adjutited to u contitant maturity of I year,as mude
<br /> available by the Federul Retierve Board.The most recent Index figure uvuilable as of the date 45 days before euch �'�
<br /> Change Date is culled the"Current I ndex."
<br /> If the index ix no longer uvailable,the Note Holder wil l choo,r a new index that is bu+ed upon comparuble �''`�
<br /> information.Thc Note Holder will gi�•e me notice of thi,choice. .._
<br /> (C>Calculation of Chanfies --
<br /> ��� Before each Chun•e Date, the Note Hol�cr will calcu�atr my new interest rate by adding Z•7gQ =�-
<br /> 1 percentagc pointst 7•��U <<)to thc Current IndrK. Thr Nute Holder will then round th�re.olt of thi�addition "'i'
<br /> 'l� to the neare�t one-eighth of one percentugc point�Q.13S�/1. 5ubject tc�thr limit�titated in Section 4(D)below,this �_
<br /> � rounded umount will bc my ncw intem+t ratr until thr next Change Datr. `�
<br /> � _
<br /> ' The Notc Holder will thcn cictcrminr thr amount ot'thr mnnthly payment that would bc sufficicnt to repuy �-'
<br /> � j � thc u��paid principal that I am cxpcctcd te�m�•c at thr Chan�e Uace in!'ul!on th�Maturity Datr s�t my ncw interest f
<br /> rate in�ubstantiully cyual pay�ncnt..Thr retiult of thi� calculation will be the new amount of my monthly pay- �_._.
<br /> ' "�:"
<br /> ment. -
<br /> (D)Limits on Interest Rate Chan�eti
<br /> � 7'he interest ratc 1 am rcyuircd tu puy.0 thr t'ir�t Chang� Ua►te�rill nnt hr�:reutrr than �•�Q��/ <�r less �"
<br /> • tham3.000 <<.Thrrcat'tcr,my adju+tablr intrrc.t ratr w�ill ne�er lk inrrra.ed��r drerca>cd an am•tiinglr Changr Date �__
<br /> by mon thanTWO prrcentage�C�im��►i�•'f)from thr rate��f intere.t I h.nr(xrcn pa}�in�fc�r the prereding 13 ntonths. =
<br /> �' My interetit rate will nr�•er Ik �rwtcr thad 1.p00 �/, which i.ralled the"Muximum Rutr."
<br /> ` � (E)Effectivc Uatc of Chanfics
<br /> � My new interc�t ratc will hcromr cftirti�r c�n earh Changc Date. I ��ill pay thc amount of my nrw monthly .
<br /> � � j ' payment bcginning un thc fir.t monthly paymrnt datr attrr the Chungc Uate until thc umount of my monthly �
<br /> t � paymcnt changcs again. �
<br /> � , IF)Notice of Chan�es `
<br /> ��' { Thc Notr Hcildrr ��•ill dcli��rr o� mail t�� tm a n<uirr<if um rhangr, in m� adjutitahlr interest ratc and the ;
<br /> - . .;. I umount of my monthly paymcnt hcfc�rr thr effrrti�r�latr ��f any rhangr. Thc n��tirc e•ill iiicludc int'��rmati�n <
<br /> • I r�quirrJ By la�v to hr gi�rn mr und :�I.o thc titlr und tclrphunr numhcr�,1'a pcnun «�hc�will sntiwcr any yuc�tic�n
<br /> • . � 1 ma��hu�•e r�gurJing the nc�tice. •
<br /> j + li.H IXN D 1NT�:RN:bT RAT�OI''1'IUN
<br /> ;� Thr Notc pruciJr, fur thc liurruw�r'���ptiun t�� «►mcrt Irum un uJju.tahlr intcrr+t ratr �►ith intrrc.t rutr
<br /> •� _ limits to u fixrd intrre�t ratr,a,ti,llu�,:
<br /> � � 5.FIXF:U INTERP:.tiT RAI'ECt)N�'F.R�IUN UI''fION �
<br /> ., � , (A)Uption tu Convcrt to Fixed Katc �
<br /> l �F i ha��c a Com•cr�ion Uption thut I can rxrr�i,c �nlcr.ti I am in d�fuult ��r thi. Serti��n StAI ��ill ni�t prrmii
<br /> , �• me to do tio. The "Convenion Uptiun" i�my��pticm tc� cumrrt thr intrrr,t ratr 1:un reyuireJ t�� pa� h� thi, Ncxr
<br /> , . ;� from un adjutitable riite with intcrc�t rate limit�to thr fixrd ratr rulrulatcd undrr S�rtian 5t 61 brin�v.
<br /> '. �' " The rr.nversian can cmly tal.c place on a datr��►�p�riFird hy thc N�itr H��Idcr during thc prriod hrginning��n
<br /> �� � , thc first Change Dutr and cnding on thr fifth Ch,ingr Datc. fia�h Jatr on ��hirh m� adju,tahlc intrrc�t ratr ran
<br /> �
<br /> com�ert to the new tixed ratc i+ratleJ the"Ccm��er�iun vatr."
<br /> '� MULTISTATECONVERTIBLHADJUSTABLERATERIOLR—ARMPLAN67—Sinq4Famdy tY�arTr��turylndex•F�nnl�lAa�Unllorminstrum�ntform311ltA9
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