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<br /> --- - �ADJUSTA►BL�: 1ltA�� 1Kw�li •"
<br /> ------- (lYearTreuurylndex•A�te��p) ��~��� � __ -
<br /> _�.-- _--�. • 2ts7H F'�BRiJAfiY .�, 94. ,
<br /> • THI9 AL1NS't'AALB M7'B RiDER l�madc tbif �y ot �fl - - -
<br /> utd I�tacaporand Inta�nA Yuil M dam�d to�mend a�M�uppism�nt th�MottWe,DeeG ot 7twb or 8ecudty peed(the"8ea�dty laKna��eut")ot
<br /> • th�wne d��e iivrn by the und:rsUncd(the"Borrower��)to�ecuN 8ortowe'�Adju»able R�te Note(tfie"Note°'�to N011t R�D�RALIOMNQ
<br /> - ____ �(tM+"lander•')o/tM wn�d�tt�nd eovetit�th�property dhcribd la the SacuHty in�trutnent�nd locatl0 ett
<br /> -'�„ ----� . -
<br /> 2922-2924 N. CIRCLE OR.. GRANQ ISLANO. NEBRASKA 88801
<br /> (Ptoperty Addras)
<br /> - Tik�ot�co�W� �osWo��Mowl�s for cln�a i��!I�terat nte�r0 a� sat�q
<br /> : a psy�sesh.7'�b rote a4o ila�lq tMa��o�st�trterat nte ea�cU�je at�q ope q�►e��d
<br /> dso tb mt�laos aNd tYe wxt��s nte I wat pq.
<br /> .�� ADDI'f[ONAL COVBNAN7'S.In eddidon to tho rwvenanta�nd�reementa msde in the Secudty Inauument,Bonuwer and Lender
<br /> '� [u�ther oovenant�ad a;rte�s followe:
<br /> .•
<br /> � A. INTp,[1Ll31'RATE AND MONiHLY PAYMENT CHANGEB
<br /> The Note provida tor aa inidal intercat rate of 5•Q hi.Sectton 4 of che Mou prov[dea for chaa�ea in the interest rate�ad the
<br /> monthlY DaYmente,as Poltowr. .
<br /> '2t . . ,.
<br /> '• � ;; ,:—` b lNTItI�YT NAlLi ANU MVNlHLY PAYMF/V!GJIAN(J1sS
<br /> .�•�+���`• -
<br /> �r��` .•. .,,.. (A) CMnje Dltks
<br /> <.:. ::., � . .and on that day every
<br /> , ,�:•:;�;' .;_ •.t�?� The interat rate 1 will pay may change on the tirst day oP APR IL 19 95
<br /> �
<br /> � ° �� �r�s`��' �Z months theroafter.Each date on which my Inurest rate could change is celled a"Chenge Date."
<br /> ' °°ti, . , . +ti''x• (B) TAe iedex
<br /> , t��. . . " � ° Begiantag wtth the llnt Change Date,my interest rate wUl be based on an Indac.The"Indcx"is the wakty average yleld on United Stata
<br /> . � Trcasury axndtIes adjusted to a conatant mattuity of 1 year,aa made available by the Federal Reserve Board.The most reant indac figun =__.-
<br /> " � • ` available as ot the date 43 daya bcforc each Change Dau ia called the"Current Index."
<br /> '' ' ," . If the Index is no longer available.the Note Holder wiU chooae a new indac wh[ch la based upon comparablo informadon.The Note _
<br /> � � Hotder wUl give me»oQx of tMs chotce.
<br /> if'+:v--
<br /> . .---� � (G� Gkvt�don o!ChRnaes — ��
<br /> TWO AND ONE-HRLF �'i"�
<br /> Betore each Change Ddte.the Nou Hotder wlU calc�ilste my new interest rate by adding percentage _
<br /> ' potnts( �-S %)to thc C�rrent Index and rounding to the�carest 1/8th of t�/o,subjcct to the Amiu statcd in Sccdon 4(D)below. �,�__,;.
<br /> Thia rounded amount wfti be my new intecat rate until the next Change Date. ---°
<br /> " Thc Note Holder w!U then determine the amount of the monthty payment that would be auffident to repay in full the pdncipal 1 am
<br /> expected to owe on that Change Date in substantlally equal paymenu by the matudty date at my�ew intercat rate.The rault of thts calculadon _ _ -�•,��:
<br /> . " , w{ll be the new amount o[my monthly payment. �'� --
<br /> -^'r..w�►
<br /> (D) Umtb on Intereat Rata Changea =
<br /> - The lnterat rate I am required to pay at the t3rst Change Date will not be greater than ?•� o/o or less than �
<br /> . 3.� %.Thereafter,my interat rate will never be increased or decreascd on any iingle Change Date by more than TW❑ ,�
<br /> � ,�2.,,Q�,�._,trom the rate of interest I have been paying for the preceding twelve months.The minimum interest rate on this loan will never be ,-
<br /> J,. less than ,..3.0 °!o and the mazimum interest rate will never be greater than ��.� %. � . _,..
<br /> • ,. (E) Eticcdve D�te otChnngca ���.
<br /> ,��:
<br /> � My new lnterest rate will become effect(ve on each Change Date.l wip puy the amount of my new monthly payment begtnning on the fint
<br /> � monthly payment date after the Change Date undl the amount of my monthly paymcnt changa again. _
<br /> ,.. � (F� NoBa ot Changa l ,
<br /> ' • The Note Holder wtll mell or deliver to me a notice before cach Changc Date.The noticc will advise me of: ,
<br /> • � (f) the new interest rate on my loan as ot the Change Date; ,
<br /> qf) the amount of my monthty payment following the Change Date; ..
<br /> , ' (Iif) any additionel mattera which the Note Holdcr is requlred to disclose;and � •
<br /> � (iv) the address of the association you couid contact regarding a��y questions about the adjustment notice.
<br /> B. CHARGFSi LIENS
<br /> � Uniform Covenant 4 of the Security Instrument is amended to read ns follow�: �
<br /> 4. CAsrgai Llene.Borro�ver shall pay ati taxes,assessments,and other charges,fines,and Impositions attrfbutebie to the Property which may �
<br /> attain a prtority over this Security lnstrumcnt,and lcasehoid payments of ground rents,ff any,in the manner provided under paregraph 2 hereof �
<br /> ` , � or.if not paid in such manner,by Borrower meking payment,when due,directly to the payee thereof.Borrower shull promptly furnish Lender �
<br /> � all notices of amounta due under this paragraph,and in the event Bor�ower shap make payment directly,Horrower shali promptly furntsh to
<br /> � ' Lender receipts evidenc{ng such payments. Horrower shati promptiy discharge any lien which has priority over thfs Security Instrument; • '
<br /> ; however,Bc�rrower shalt not be required to d(scharge any such Ifen so long as Horrower:ta) shatl agree in writing to the payment of the
<br /> obligation secured by such lien i�the manner acceptable to Lender;(b)shall in good faith contest such lien by,or defend against enforcement of ,
<br /> �
<br /> such lien In.�egal proceedings which in the opfnion of Lender operate to prevent the enforcemenc of the Iten or forfeiture oF the Property or any
<br /> part thercof;or(c)shati secure from the hoider of such lien an agrcement in a form sntisfnctory to Lender subordfnating such lien to this
<br /> � Security Instrument.
<br /> .� If Lender determines that all or any part of the Property is subject ro a Iien which may attafn e prfority over this Securiry Instrument, �
<br /> ��' Lender shall give Borrower a notitt identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set fotth above
<br /> � ,ti within ten days of the giving of the noUce.
<br /> i "
<br /> � C. NQT[CE
<br /> j .�
<br /> '� Un{form Covennnt 14 of the Security instrument ix amended to read as follows:
<br /> I ; . .
<br /> ; � ;. 14. Notice.Except for any notice required under applicable law to be gi�en in another manner,(a)nny notim to gorrower provided for in this
<br /> � Securtty Instrument shnil be given by delivering it or by mailfng It by first ctass mnti to Borrower at the Proper�y Address or at such other address
<br /> � �� as Borrower may designate by notire to Lender es pravided herefn,und(b)any notice to Lender shull be given by first class mail to l.ender'c
<br /> ' ' address stated herein or to such other address as Lender may designnte by notice to Horrower as provided herein.Any notice provided for in thi+
<br /> �. Stcurfty lnstrument shall be deemed to have been given to gorrower or Lender when given in the menner des{gnated herein.
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