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<br /> ' _=�_____� AU,IU�TABL.�E RATE RIDER
<br /> • (1 Yes�r'11reA9ury Yndex—Rwte CAp�—Fixed Ro¢o Converston vptton) �-
<br /> � THIS A�7USTABLE RATB RIDER is mnde tNls 3RA dayof MARCH �jg 94 ��d i$
<br /> _—-- — — � incorporatcd into aRd shall Ix decmcd to nmend und supplement thc Martgagc,�eed of'[rust or Secudty Deed
<br />-`—�-------.-� (the"3ect�rity 1n�trument")of the snmednte iven b thc uaderslgned�the"Borrower")to secwe Borrower's
<br /> _ e Adjustabfe Rute Note fthe•'Note")to NORW�BT �RTaAt��� YNG. ` "
<br />_- (the••Lender")af the same date und covering tho property dBSOrlbed in ---
<br /> � the Secutity Instrument nnd located at:
<br /> 2321 4JE8T OKLAHOIMA AVENUE ORAND I8LAND� NE 66803
<br /> �- ------ - -
<br /> •� [Property Addresa]
<br /> THE NOTE CONTAINS PRDVISIONS ALl.OWING FOR CHANGES IN 7HE INTEREST RATE � �
<br /> , " :k� '�'�}�1 AND TNE MONTHLY PAYMENT. THE NOTE LIMIT8 THE AMOUNT TME BORROWER'$ �
<br /> ADJUSTABLE INTEREST RATE CAN CNANGB AT ANY ONE TIME AND THE MAXIINtlM
<br /> , � RATE THE BORROWER IYlUST PAY. THE NOTE AL80 CONTAINB THE
<br /> ;��:::�':,.: :. . OPTION TO COddVERT THE ADJUSTABLE RA'fE TO A FIXED RATE.
<br /> "�°�_fi:L,�:';�;�u
<br /> � �=�—n. �. AiiDYTlGriaL CO��NANT�.In addttinn tu the co��easnts und stgreements m��P i�rhe Security Instrument, �
<br /> '}'#��"'""�" �� Borrower and Le�der furthar covenunt and agree as follows: - - --
<br /> ,r�,_
<br /> �F_.,
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<br /> �•��' { �'•" A.ADJUSTABLE RATE AND MONTHI.Y PAYMEN'd'CHANGES —'°=_---
<br /> �, The Note provides for an initiul interest rute af 4•�2��/o.The Note provides the changes in the adjustuble �;�:=-�
<br /> ,r„ . ---
<br /> interest rate and the monthly payments.As follows: �}_�-
<br /> ., , . �:__ _
<br /> . °� 4.ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES y v.
<br /> , ' (A)Change Dates '�'��
<br /> �� •� The ndjustable Interest rute I will pny msy chan�e an the first day of APR IL ,�9 `�g , ���_
<br /> - - _= a�d an that day cvcry 32th mostth tyereafser.Sach dstP on which my ndj���tnble interest rate could chunge is �•;
<br /> �� „
<br /> called u'•Change Date." �w�� ';'
<br /> . (B)The Index� � ""'^--
<br /> f � ' 8e�inntng wich the first ChunFe pace,my ndjustuble interest rate will be based on An Index.The"Index" is �+ '��-
<br /> . �;f,''�..
<br /> � the weekly average yield an United Stutes Treusury securities udjusted to u constant maturity of 1 yestr,as made ..__
<br /> " • uvntlab(e by the Federul Iteserve Board.The most rerent Index figure avuilable as of the date 45 d�ys before ench .��"
<br /> � • Change Date is culled the"Current Index." ----
<br /> If the index is no longer avuilable, the Note Holder will choose u new index thut is based upon compurable 'm"''`�
<br /> ,�
<br /> . informatlon.The Note Halder will give me notice of thix choice. • � ____
<br /> �• (C)Calculation of Chan�es 2.750 ' '��-
<br /> Hefore ench Chun e Date,the Note Holder will calculate my newinterest rute by adding � �R
<br /> • � � percentage points(2•�s0 �h)to the Current InJex. The Notc Halder wiU then round the result of this addition " '°—"-
<br /> �" to the nenrest one-eighth of une percentUge point(0.125''/).Subject to thc limits stated in Section 4tD)below,this ��;��'
<br /> , ' rounded umount will be my new intcrest rutc until the next Changc butc. , 11i�/�,�
<br /> The Note Holder will then detrrmine the nmount of the mnnthly puymrnt thut would be sufficient to repuy •
<br /> „ . thc unpaid principa!that I um expected to�we at thc C.'h,mta• hate in full on the Maturity Date at my new interest :�,
<br /> ...:::� �-
<br /> rute in substnntially equal paymcnts.Thc result ot'thi.ralculntian will bc the new amount of my monthly pny-
<br /> ment. � .�
<br /> " tD)Llmits on Interest Ratc Chan�es 6.625�
<br /> � The intere�t rAte I um required tn puy ut the t'ir,t ChunE� D;�tr will not be Frrater than k or less . ,
<br /> �' thana•�25 �1�. 7'hereufter,m�•udju�tuble intrre,t rutr���itl nev�r lx incRU+ed ur d�crc a+�J un nny single Change Dptc �� _
<br /> by more th�nTW� pe�entagc{x�int��►t �•��)fr��m thc rate uf intcrr.t I have l+crn puying(�r the preceding 1:months.
<br /> My interest rate will never tx grrater that�d�625':�.���hich i+rullyd thc"titaximum Rute."
<br /> (E)Effective Uatc of Chan�es
<br /> My new interest rute will ber�me effrrti�c un carh Chunge Datr. 1 ��•ill pa� the amount of my new monthly
<br /> payment beginning on the fir�t munthly payment dutr uft�r the Chan�r D:itr until thr amount of my monthly
<br /> � paymcnt chunges uguin. � "
<br /> ' (F')Noitce af Chan�es
<br /> Thc Note Hnlder will Jrli�•er ur�nail ta ni� a nuti�r ut� an� rhangr.in m} adju.tahle intere.t rute und the
<br /> amount of my monthly payment hrti�rc thr rl'Certi�e dutc�►f an�•�hangc. 7'hc rn�ticr �cill includc information � .
<br /> required by law to lx gi�rn me und al�<i thr titic and trlephone numhcr af a per.un �shc� �eill an.wer an�yuestion '
<br /> •.• I may huvc reganling thr nuticr.
<br /> � . ,
<br /> B.FIXED INTI:RH:S"I'I2ATF:UP'1'IUN
<br /> ' � r�,..N..�.. .,r..�:.1... f.,r rh.•Rnrr��uv+r�� nn�inn tn.•um�•rt fr��m :�n :�diu�t:�hle illtifMt 1':l[C ��'�tJl ItltcCC�t�IItN �
<br /> _—_— ... ...,, r._...,.__ .... ..._ _... _. , .
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<br /> limits to a tiseJ intcre.t ratc,a+ti�llo��•�:
<br /> , ; . S.�I7C�D INTERF.S"f RATE:CON�'l:IttilUN()Y'1'IUN
<br /> � � ��. (A)Option tu Cum•eM to Fixcd Itutc
<br /> ! ha��r a C��m•rr,ion Optiun that 1 �an c�crci.c unlr,. 1 am in�tcfauh �,r thi. StC1iiU1 r+lA� ��ill nat prnnit
<br /> ', „ mc M dc► �o.Thr "Cumrni�m Opti�,n" i. m� uptiun tu rumrrt th:interr.t ratr I am rcyuireJ tu pa� h� thi.Nutc
<br /> � �' fmm un adju.tuble eat���eith int�n.t rate li�nit+tu the ti�ed r.it�culrulated iindrr ti�rte�m 5tli 1 tkk,a.
<br /> � Thc rom•er.iun ran onty tul�r plarr un a datrt.l,prritie�f h� thr Nutr N��Wcr durin�the prri�,d 1+�ginnin� ��n
<br /> . the fir.t C"hunge Dat� und ending��n the fifth('hange Uate. Fiarh d:UC un ��h�rh m� .►aju,tabl� intcrc.t ratr�an
<br /> � ' • ccm�rrt tu thc ncw fix�til rute i,ru11rJ th�"Camrni�,n bat�...
<br /> ,.... .. .._._._. .
<br /> 111ULTISTATHCONVERTIBIEAQtUSTABIERATENtOER–ARA7PlAN57–ti,��,�e�.����., tY�thoeturytndrta•Fennlo6taoUnllorm�nstrumonlFOrm11181•89
<br /> NMfL r0693A90 • r•�:� 1.•��,�.., .
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