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<br /> ADNSTABLE RATE �IIy �Q�'7�5 ----- _
<br /> (I Ye�r 7Yet�ury Ictdex-R�te Gp�)
<br /> � � • TN18 AD1U87'A8l.8 RATB R1D8R tt mtde thi• 28TN ��y ot f EBRUARY ��y S�+ , �
<br /> and U trxcnrporated inw apd�hsU be damM to iunrnd�tnd rupptemrnt the blon�e,Ueod ot Trait,or lYeaurtty I7eed(the•'3ecurlty(nurumrnY'1 ot
<br /> � eho wne d�te�irm by the undeni�rted ttho"Borrowcr")to tecure Flonowirr't AdJuntable Rtte Note(tha"Note")to HOAIQ FEDERALKi�ANQ
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<br /> �@ tthe"�.ender")oi the iune d�te ra9 cov�;ins the pra�xrty dr.crlEcd In tlto Sccudty InutumeAt an�tocnted ett -
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<br /> 2709 & 2791 WEST KOENIG� GRAND ISLAND NE 68803
<br /> `� (Propeny Addreu)
<br /> � Tht� aote coaW�pro�kio�a�Ilowlq tor cYaKa Ie my I�terat mte ab my moaAly
<br /> O�ripnq•'flts�ote flw IGn1Gt tMe Rntouat mr(stere�t�te an cM�ste�tt��r oRa tinta�ad
<br /> aYo tM rWwa�a u0 Gro ewdm�m nte 1 suit psy.
<br /> '�� ADDITIONAL COVBNANTS.In addidon to tho covenwnta and a4ramenta madc ta the Seeurity Instrument,Bonower end Lender
<br /> fluMer covenant and�greo�a tollowa:
<br /> � A� �NTEit�87'RATE AND MONTHLY PAYME�VT CHANGF� __
<br /> The Note provtdes for aa initt�l interc�t rate of b•?5 hi.Scctlon 4 0!ehe Nou provldes tor changa in the iaterest rate and ehe
<br /> ' r manthlY psymente.as fn►iowa:
<br /> --- �',t.�i?��=�: ° _ .. - __- -
<br /> � '� e,:�"��'^x+'a ,. INT6REST RATB AND MONTNLY PAYMENT CHANQBS �=_r -
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<br /> . .� ;`�• ' (A) Chaa�e Data - ��---
<br /> •�„+ ~r � �. .. 'Phe interest rnte 1 wiU pay may change on the 8rst day of maRCH ,�q �5 .and on that day every R " `"~-=—
<br /> ,.��r^'.•.:';;•'�'-i.�.., .. .� ���
<br /> '�,Z_montha thereafter.Each dat�on whtch my interest rate could chenge la eaUed a Change Date.
<br /> �'` . �'�•
<br /> •.• `F •j �"'� (S) 'I'bxl�da '�"
<br /> ` � Aeatnnin�with the flrst Change Date,my inurat rate will be baaed on an Index.The"Index"is the wakly average yleld on UMted Stata �� �>
<br /> �� ' • � Treasury securida adjuated to a conatant matudty of 1 year.ea made available by the Federal Reserve Board.The most reamt Iadex 8gure ' �;L:�
<br /> ' ' Avaltablo as ot the date 4S daya before each Changc Date ia calted the"Current[ndcx." . ��
<br /> : • lf the Indac Is no tonger aveilsble,the Note Holder will choose a new index which ia based upon ccmpazable information.The Note ` � �; -
<br /> � ° " Holdcr wUl give me notia of tMs chota. � �
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<br /> _ _ (Cl C*kvl�tlon of Cbsnaes
<br /> ' &f�[e each Change Date,the Note Holder wlll calculate my new interest rste by adding THREE AND ONE-HALF p���g�
<br /> . � • pointa! 3.S 40)to the Curcent Index and rounding to the nearest 1/Bth of I%,aubJcct to the limlu atated in Section 4(D)betuw.
<br /> • This roundM amount will be my naw interest rate unUl the next Change Datc. �� �
<br /> The Note Holder will then determiac the amount of the monthly payment that woutd be sufficient to repay in futl the principal I am
<br /> " � � � �" � `�� �� � acpxted w owo on that Change Date In substandally equal paymenta by the meturity date at my new interest rate.The result of this calculadon =--- -� -•
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<br /> � wfU be the new amount of my monthly payment. � �a� .f
<br /> • • " (D) Umita on Inureat IGtte C6anges ,•,-, ,
<br /> ' The Interest rate i am rcquired to pay at the first Change Date wiU not be greater than ?•75 % or less than !�,` �
<br /> %.Thereafter,my interest rate wfil nrver be increased or decreased on any aingie Change Date by mon than �n „ -,�
<br /> , 2•� trom the rate of interat I have been paying for the preceding twelve months.The mintmum interest rate on this loan will never be `�'� � �
<br /> E, � Icsa than �•�5 °!o and the mnximum intcrest ratc w1i1 never be greater than 10.75 v/e, �,.'~E"���'=�
<br /> • AtyY
<br /> ' � (L� Etttcd�e Dtte of Chwngea 'r���.
<br /> My new interest�ate will becomc effective on each Change Date.I wtll pay the amount of my new monthty payment beginning on the first ';..
<br /> �1 =' � monthty paymcnt date atter the Cfiange Date until the amount of my monrhty�+aymem changes again. '
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<br /> .� t� Noa«otcn.og� �
<br /> � The Note Hotder will meil o�deliver to rne a notice before each Change Date.The notice will advise me ot: , :,
<br /> .� (i) the new interest rate on my loan os of the Change pate;
<br /> (ii) the amount ot my monthly payment following the Change Date; , �.�,.
<br /> , � , (lit) any addkionel matters wMch the Note Holder is tequired to disclose;and � ' -
<br /> (iv) the address of the assocfation you rnutd contact regarding any questions about the adjustment notice.
<br /> ' � B. CHARGESi LIBNS
<br /> Uni[orm Covenent 4 of the Security Instrument is umended to rend as foUows:
<br /> � 1. Ch�rgdi Liens.Borrower shnU pay aii taxa,assasments.and other charges,fines,and impositions attributable to the Property which may ;
<br /> • f, � attain a pdorityover this Security Instrument.and Ieasehoid payments of ground rents,if any,fn the manner provided under paragraph 2 hereof I
<br /> or.if not paid in sueh manner,by Borrower making payment,when due,directly to the payee thereof.Bottower ahall promptty furnish Lender
<br /> . all notices of amounts due under this paragraph,and in the event Borrower shall make payment dtrectly,Borrower shall promptly furn(sh to
<br /> Lender rcceipte evidencing auch payments. Horrower shall promptty dixharge any lien which has priority over this Security Instrument; ;
<br /> however,Borrower shall not be required to discharge any such�ien so long as Borrower:(a)shall egree in writing to the payment of the I
<br /> obtigation eeco.ed by such tien in the manner acceptabie to Lender;(b)sha11 in good faith contest such Ilen by,or defend ageinst enforcemeet of �
<br /> such Ifen in,legal proceedfngs which In the opinion of Lender operate to ptevent the enforcement of the lien or forfeiture of the Pi openy or any ,
<br /> " �ut ehereof;or(c)ahall secure from the holder of such lien an agreement in a torm satfsfactory to Lender subordinating such lien to thfs i
<br /> -i_ - Security lnstrumcnt. �
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<br /> If Lendeidttermfnes ttlet ati or any pan at tne rroperty�a suo�wi w a�icn wmcn nmr aua�u n puvu�y v.2i uua uc�u..y n.�.•�........, • -
<br /> � �� � l.ender sha3i give Borrower a notice Identifying such Ilen.Borrowcr shall satisfy such lien or take one or more of the acrions set torth above
<br /> �. ', �1 �' wtthin ten doys of the givtng ot the notice.
<br /> \ �• C. NOTICE
<br /> �� T= � ..
<br /> Un[form Coveaant id of the Security instrumrnt is ameudcd tu reud u�fv(luwa:
<br /> � ,�� . f1. Notice.Except for any notice rcqufred under appiicubte Iaw to be given in another manner,(a)ney notice to Sorrower provided for in this
<br /> � Security Instrument sholl be gfven by delivering It or by mailing ft by Cnt class maft to Borrower at the Property Address or at such other addras
<br /> ., as Bottower mey designate by noHce to Lender ati provfded herefn,and(b)any notitt to Lender shall be given by first ctass mail to Lender's
<br /> � � addrca�stated herein or to such other+tddress as Lender mny desfgnate by nutice to Borrower as providM herein.Any notfce provided for in this
<br /> ' � Security lesuument ehall be damed to hc�ve bten gfven to Borrower or Lender when given in the munner designatM herein.
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