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<br /> �►n�sT�ar� RA�� Rxn�t
<br />- . �.^'�,'�,,;Y�,,,�.,'� (1 Yeat'PKeasury Indrx•RuroCap�)
<br /> TH15c ADIUSI'ABLFi RATB It1A$R u mtde thi���d�Y 0�_ .��I�H - _.19..�4_,..�,
<br /> and i�lacorpor�ted inw end sli�il ba damed to�mmd u►d�upptemrnt the Mortµte,OGld OI TNIt�O�StCUTIty DOlG(tT10"Secudt�r InNruma►t")ot
<br /> '.— _ - tM wne date{ivai by tha uadeni jned(the"Aonower")to�ura BorcoweP�AdJustablo Rate Note(tho"Note")to NOAI!�ED[IU�LKiRAMb
<br /> .. __-- - --...---.--_..-------.�-._., •
<br /> ��(the"I.ender°)o!the ume Gue and covert�the tiropeetY daaibed ia the SaudtY Inftrument�nd loated ats -
<br />_� . 2911 W. 4TH ST.� GRANp ISLANQ, NEBRASKA 68803
<br /> (Property Addreaa)
<br /> TUb sote co�taid prorWau altoMe{tor c�eja 1�my Isterat nh�ud my nroatAb
<br /> Osyeaewb.TM4�ofe atso Qmits tN�soart�ey htereat ate a�chqe at e�y oae tiaro aad
<br /> ., �. � tho the��nla�um add tMe m�dm�a nte!auat pay. -_ -
<br /> u`Scw� .�..:+o�;,.
<br /> '� -i,;;�:;,�x �:•':,,,. ADDITIONAL COVBNANTS.In tddition to the covenanta and a�eemenu made in the Securlty Instcument.8orrowu tu�d I.eader
<br /> ,,..... :i,,:�- � fLtthu wvenaat and taao as follows:
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<br /> ''� • A, 1M'ERFST ltATE AND MONTHLY PAYN�NT CHANGffi
<br /> `' ' �� 6.� �y,Scction 4 ot the Nou rovides for
<br /> ' + ''' 7fie Note provtdes for an Gdtial interest rate of p cheages in the interat eate aad the
<br /> - '-� mootl�lypaymeats.asPollowa: _ _
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<br /> ^ 4. INTEREST RATB AND MONTHLY PAYM6NT CHANQBS
<br /> ' (A) Gun;e Datea
<br /> �,. . � The intupt rate I wlU pay may chw�ge on the tint day of APR IL .t9 95 .and on that daY evay
<br /> � . � ��.. months thereafter.Each date on which my interat rate could change ia caUed a"Change Date." -
<br /> , '. (8) Thelnda�
<br /> &ginaing with the ftrst Change Date,my interat rate wfU be based on an Index.The"Indea"ia the wakly avaage yleld oa United Stata
<br /> � 'Iteasury securities sdjuated to a wnstant matudty of 1 year,as made availablo by the Federal Raerva Board.The most recent Iadac flgute
<br /> � �. . available as ot the date 43 daya beforc each Change Date is celkd the"Current lndeu."
<br /> If the Indac is no longer available.the Note Ho!der w[U choose a new tndex which ta based upon compara6le infarmadon.The Noto
<br /> Holder wilt aive me nodce of this chofce. ,
<br /> ' , (t� C�cnlaUoaotCb�aga THREE ANQ ONE-HAIF
<br /> ' ' � &tore�ac�h Change�su,the Note Holder wiU calculate my new interat rate by adding peranuiBe
<br /> � � . poSnts! ' %)to the Cunent Index and rounding to the nesrat 1/8th of 1%,aubJect co the Iimlta statal in Secdon 4(D)below.
<br /> � 'R�is tounded amount wiU be my new Intetest rate undl the next Chengc Date.
<br /> 'the Note Holder will then determine the emount of the monthly payment that would be sutfictent ta repay in full the pdncipal I am �e;�.
<br /> eXpCCted to owC on that Lhange UBte ln SuDStantieiiy equai paymenca oy�nc tnawri�y uaic n�my ucw i��ia�cai�aic.Tirc tcawi�i iLia�diGitiduvi� _
<br /> wllt be the new tunount ot my monthly paymrnt. _-
<br /> . (D) Umita on Interest Rate Chaagea -
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<br /> The interest rate I am required ro pay at the first Change Date will not be greater than R-n % ot lesa than -
<br /> ��,�. %.Thereafter.my interest rate will never be increased or dareased on any aingle Change Date by mae then '�'���,m,�r_
<br /> (�.�.g�_from the cate of lnterest I have been paying for the preceding twelve months.The minimum interat rate on this loan wlit never be
<br /> las then ���_°Ji and the maximum interest rate will never be greater than '�..,.g %.
<br /> (L') EttceNre Date ot Chrnges
<br /> My new Interat rate wfll become effective�n each Change Date.t w111 pay the emount of my new monthty payment beginning on the fint
<br /> - �• munthty paymeut Jate aftn the CLauge Datr wuU tirc aauunt uf my uwnthty payuient changes age(n. _
<br /> . (F) Nodce ot Chrnga
<br /> The Nate Hotder will mail or deitver to me a notice before each Changc Date.Thc notice wilt advisc me of:
<br /> q) the new interat rate on my Ioan as of the Change Date;
<br /> (i1) the amount of my monthiy paymcnt following the Change Date;
<br /> (iiq any addittonal matters which the Note Holder is required to disclosc;and
<br /> ' (Iv) the eddtess of the association you could contact regarding any questfons about the adjustment notice.
<br /> B. CHARCESt LIENS
<br /> Uniform Covenant 4 of the Security lnstrument Is amended to read es follows;
<br /> b. Chorgest I.fena.Borcower shall pay all taxa,assessments,and other cherges,rines,and impositlons attributable to the Property which mey
<br /> y ettaln a priorfty over this Security Instrument,and leasehoid payments of ground rents,if any,fn the manner provided under paragraph 2 hereof I
<br /> or,if not pald in such manner,by Borrower makin�payment,when due,directly to the payee thereof.Borrower shall promptly furnish Lender
<br /> al�notias of nmounts due under this paragraph,and fn the event B�rrower shaQ make payment directiy,Horrower shall promptly furnish to �
<br /> Lender receipts evfdencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument;
<br /> � however, Barrower shall not be required to discharge any such lien so long as Borrower:(a)shall agrce in writing to the payment of the �
<br /> obligation secured by such lien in the manner acceptable to Lender;(b)shall in good faith contest such lien by,or defend against enforcement of :
<br /> � such lien in,legai proccedings which in the opinion of Lender operate to prevent the enforcement of the ilen or forfeiture of the Property or any r
<br /> pa�t thereof;or(c)shall secure from the holder of such lien nn agreement in a form satisfnctory to Lender subordinating such Uen to thfs �
<br /> _ Srcuritv lnctrument. �
<br /> � !t Lender determines tha[aIi or any part of the Property is subject to a tien which may attain a priortty over this Security Instrument, `
<br /> � Lender ahall give Borrower a notice�dentiFying such lien.Borrower shall sa�isfy such lien or teke one or more of the actions set forth above �
<br /> ;, within ten days of the gfving of the notice.
<br /> � � C. NOTICE ,
<br /> E '�'R Uniform Covenant l4 of the Security Instru�ncnt is amended to rend us fotlows:
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<br /> 1�. Notice.Except for nny notfce requfred under npp�tcable�uw to be given in unother manner,(a)any notice to f3orrower provided tor in this
<br /> Security Instrument shatl be given by deltverfng it or by mafling it by first clAss muil to dorrower at the Property Address or at such other addresx
<br /> � as$orrower may designate by notice to Lender as providcd hcrein,and Ib)any notice tu Lender�hall be given by firxt clas�mnii ro Lendrr'ti
<br /> t address s�ated herefn or to such other address as Lender may designate by notice to gorrower ns provfded herein.Any notice provided for in this
<br /> � Securfty instrumenc shail be dcemed to have bcen gi�•en to Horrower or Lcnder when g�ven in the mnnner designated herein.
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