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<br /> ��.;�^�� .ADJi1STA�LE RAT� RIDER ,. --_---
<br /> -T _. _. 94 so���
<br /> ' � '• �tYear:rrs�urylndex•RaroCeps) a ��
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<br /> .',� • TH19 ADJUSTABLB AATB RIDBR i�made tht� 4TH 8ay of_. mARCH �19 94 �
<br /> -- and 1�inoorporated Into and�hsli be deemcd to rmend and wppiemmt tho Mort�o,Deed ot Tru�t.or SccuHty Deed(the"9tcurity In�trumept")ot -----
<br /> _
<br /> � � • eho ume date jivm by�he unQ..n{�cd(tho"8onouer")to aaurs Bonower•e AdJusteble RAte Ne�e phe'•Note")to NOMR InDIlMNOI�AN� "_ ._
<br /> �'�w���a:=r 1!�l.ANA(the"I.enda••)ot the eame dato and wvertng the propeny described In eho Secudty Initrument�nd loc�ted au _ _
<br /> M L_
<br /> + r���°'���� 1016-1018 W. 4TH� GRAND ISLAND. NEBRASKA 68801
<br /> � +��'•�+^��!'�£��;`?�' (Property�►ddrcas)
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<br /> ,• :> .:� �"" ,• '•�`��: Thb aote cont�las pro�Woas Wo�rin=tor ehan=a fa ray intertit nte Rb roy moathly
<br /> y•'�.� ��"•�"� ' psyateate.Thls note�bo timib tAe imount my Istereat nte an ch�e�e�t�ey ox�Qme�ad
<br /> �''�4' '�'ti atw the mintmnn►aad the maximam nb 1 mast pay.
<br /> ;:�•°.
<br /> � „ �� ADDITIONAi.COVHNANTS.In addltion ta the covenanta and agreements made in the SecuNty Instmment,Borrowu and Lender
<br /> /i . ° further covenant and agree as followa:
<br /> ' ,- � • � � A. lNiE1�T RATE AND MONTNI.Y PAYMFNT CNANGE9
<br /> .. ; .
<br /> �� � . ... 'fie Note providea for an lntNel interest rate of 6•� ho.Secdon 4 of che Note provlda for changea ia the Interat rate and the -
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<br /> __._... ----�._.__._.:.._..� monthlY PaYments.es followa: - -
<br /> i �: ��
<br /> ��` . 4. /NTBRESTRATEANDMONTHLYPAYMENTCXANOES «..�--
<br /> . , �C�:s�.
<br /> � , U) Cban=e Dtus _ ,
<br /> The interest rate 1 wili pay may change on the ftrat day of APR IL ,19 95 .and on that day every �`fk�,_
<br /> ��• • 1� months thenafter.Esch date on which my interest rate could change is called a"Change Date." `'Q�
<br /> �,
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<br /> ' (Bl Tde leda� °��',�•'=-
<br /> . Hegtnning with the fint Change Date,my interest rate wlll be based an an Index.The"Index"Is the wakty average yleld on Unitai Stetes ,���.,-
<br /> Trcasury accuddes adjusted to a eonstant matudty of 1 year,aa made avaiteble by thc Pedera!Reurve Board.The most ncen►Indac figure ' �.R.:
<br /> H.4' .
<br /> avatlabie as of the date 43 days before each Chenge Date is called the"Current Index." ' �
<br /> • If the Indac is no longe�available.the Note Holder wUl choose a new lndex which ia baeed upon comparable informadon.The Note � ,��^;� �
<br /> ------_ - --�-- ,
<br /> �
<br /> � .; . -' Hotder witl give me nodce of thla cholce. �.�; ��,+�-
<br /> , (� CalcutadoaotCh�ngea THREE AND ONE-HALF . . ��'
<br /> &[on each Chenge Date,the Note Holder wlil catculate iny new Interat rate by adding percentaBe '
<br /> pp{n�( 3•5 QIo)to the Cunent Index and roundtng to the ntarest 1/8th of 1%,snbject to the Iimiu statM in Seciion 4(D)betow.
<br /> • Thia rounded amount will be my new interest rate until the nezt Chsnge Date.
<br /> ... � � The Note Holder wiU then determine the amount of the monthly payment that woutd be suffic(ent to repay!n full the prtncipai l em
<br /> „ . ' expected to owe on that Change Date In substantlally equal payments by the maturfty date at my new intetat tate.T'he rcsult of thts calculation
<br /> will be the new amount of my monthly payment.
<br /> . � (U) Limib on Intercat Itate Chaages '�•
<br /> The interest rate 1 am required to pay at the fint Change Date wi11 not be greater than 8-0 % or less then iS'
<br /> a7'o.Thereafter,my interest rate will never bc iacrcased or decreased on any single Change Date 6y more than1�10 � �a
<br /> from the ratc of fnterest 1 have been paying for the precedfng tweive months.The minimum interest rateon this loan will never be '�•' �.
<br /> , •.,a.. �
<br /> j • � - laa than��,O %and the meximum interest rate w➢11 never be greater than �L� °'o. � , , '��-�
<br /> � (L� Ettecttve D�te of Changes ��
<br /> � y�...;,-�.
<br /> . My new interest rate will become effective on each Change Date.I wiq pay the amount of my new monthly payment beginning on the first � -
<br /> ' ' monthly payment date atter the Change Date unti!the amount of my monthly payment changes agafn. I . `�A,:
<br /> (� fVodceotChfinges i
<br /> 'fhe Note Holder will mail or deliver to me a notice before each Change Date.The notice will advise me of: � ' .
<br /> � 4
<br /> . (q the new interest rate on my loen ns of the Change Date; i � -.r
<br /> : (ii) the amount ot my monthly payment foliowing thc Change Date; . . �
<br /> (ifl� any additional matters which the Note Holder is required to discio�e;and I� �'�} '•
<br /> (;v) the address of the association you couid contact regarding any quesdons about the adjustment nodce. ;
<br /> , B. CHARGES;LIENS . '
<br /> Uniform Covenant 4 of the Security Instrument is amended to read as foUows:
<br /> 4.Cd�rgesi Uens.BoROwer shall pay atl taxes,essessments,and other charges,tines,and Impositlons attrlbutable to thc Property which may
<br /> , i attain a pHority over thfs Security Instrument,and Icasehold payments of ground rents,if ony,in the manner provided under pa�agraph 2 hereof
<br /> � or,if not pafd in such manner,by Horrowet mnkfng pnyment,when due.directly to the payee thereof.Borrower shall promptly furnish Lender
<br /> aU notices of amounts due under this paragraph,and In the cvent Borrower sha�t make pnyment directty,Borrower shell promptty furnish to
<br /> � Lender receipts evidencing such payments. Haerower shall p�omptly discharge any Ilen wh{ch has prlority over this Security Instrument;
<br /> � however, Bonower shall not be required to dis�harge any such Ifcn so long es Borrower:(a)shall agree in writing to the peyment of the
<br /> obligation secured by such I{en in the manner acceptable to Lender;(b)sha�l in good faith contest such Ifen by,or defend agafnst enforcement of
<br /> such lien in,legal proceedings which in the opinion of 4ender opera�e to prevent the enforcement of Ihe lien or forfeiture of the Property or any ;
<br /> patt thereof;or(c)shall secure irom the holder of such lien an agreement in a fotm satisfactoty to Lender subordlnating such lfen to this
<br /> - _ ;---_-_�- -- Secudty Instrument.
<br /> ! If Lender determfnes that ail or any part oi the Property is subject to a lien which may attafn n priority over this Security Instrument,
<br /> ' [.ender ahall give Sorrower a notice identifying such lien. Borrow<r shail sat{sFy such Iien or take one or more of che actfons set forth above
<br /> �,'„ within ten days of the gfving of the notice.
<br /> � ('. Nf1Tt('�
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<br /> ;� Un{form Covenant 14 of the�ecurity I nstrument is umended tr teud as foliows:
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<br /> � 14. Notiet.Except for any notice required under applicable law to be gfven in nnother manner,lal any notice to Bortower provided for in this
<br /> ' � Security(nstntment shait be given by delivering ft or by maiting it by ftrst ctass mnil to Borrower at the Property Address or at such other addres�
<br /> ; ., y as Borrowet may daignnte by notice to Lender tts provided herein,ued(b)any aotice to Lender chall be given by first cinss mnil to l.ender'♦
<br /> � address stated herein or to such other address us Lender may designate by notire to Borrower as provided herefn.Any notice provided Wr in�h�+
<br /> � SecuNty Instrument shall be deemcd to ha�•e l+een given to Borrower or Lender when given in the manner designated hcrein.
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