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<br /> --------- AI��USTABLE RATE RIDER �t��88-�-�e � _
<br /> ��.F�.. � ' • 94-�4�4 � --�,.-��,.,P._
<br /> � �..�.r�+�7;,��: (1 Vosr Troaoury Index -Rata C�pa) , ,
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<br /> ' ,�,,,.. THIS Af�JU9TA8LH RATE RlOER Is nu�de thls 7th ,_,day of Ms[ch ,_189�L ,and , , ' ,�,� __
<br /> - � � ,, Is hcorpon�t�d In4o and�hdt be dam�d to amend and eupp�ement tha Morty�Qe,Deed of T�uat or Seeurlty Oeed(ihA'3eeurlty UetrumenY) � �' '�` �
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<br />— of lh�um�d�U pN�n by ih�undenlpned(the 'Bor►ow�r")to eeauro Bortowet'e AdJuetebte Rste Note(the 'Note')to� � ,��r�:.:_.
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<br /> , s� `^— Fl F�d�rd Bnd��and Loa Aoao�la4lan_�I.Lnaotn ' � " '�''::° -
<br /> "`'`�,..'"... ': (tha•L�ndary af tho oame dnte end eovering the propedy deacdbed In the Secudty Inatrument and loaated et: ` _ __ _
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<br /> �8�8 W�st Anna_Str��t �'�'
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<br /> *�'r�'.•:L: ,,. :, ara d Istaed N�b�a�ka a8803-8829 — — - "'� �
<br /> "r' `:, ' "� (PtppCRY Atldtoea� .� --
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<br /> � ? � THE NOTB CONTAINB PROVIStON3 A910WIN0 ROR CHANOES IN THB INTEREST RATE _-=
<br /> �` � � '� AND THE MONTHLY PAYMENY. THE NOTE LIMIT8'PN8 AMOUNT THE BORROWBR'8 '�
<br /> � Ft��'`��� '••, INTER88T RATE CAN CHANGE AT ANY ONB TINlH AND THE MAXIMUM RATE THE
<br /> - �<: „ •� 80�ROWER MUST PAY. .. �
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<br /> ` . %� AODtI'IONAL COVENANTB. In addlUon to the covana�ta and agreementa made In the Secu�lry tnstrument,BoROwer and Lender tuAher ; _�,�.�'
<br /> �:�'." . � . coventnt tnd apree aa tollowe: - . . , , --
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<br /> ._. _ . . _ A. INr�Fi��i�dia �i� WIBNi'HLY PRYAAEi�Ci�R:i�E3 - --��__-_- � -
<br /> � ��� The Note provtdes for an(nitfal Interest mte ot 4.290 96. The Note provldea tor ahanges in the fnterest rate and the •' �r�
<br /> monthy paymente,as tollows: �
<br /> �� � ' � 4. INTEF{EST RATE AND MON76�ILY PAYMENT CHANGES ,: " ^3' _
<br /> � � (A) Chango Datas ' —
<br /> , 1'he Interest ate 1 wUl pay may ahenge on the flrst day of Ap�11 , 1995 ,and on that day , , .��!,..�
<br /> � � every twelfth (12th)month thereafter. Each date on whlah my Interest�ata could change is called a'Chenge Oate'. � � • ��'
<br /> ` � (B) The tndex k�` �
<br /> �� Beglnntng wllh the flret Change Date,my Interest rate wlll be based on en�ndex. The 'Index'ts the monthly averege yleld on Unfted ; ' � '' �- `
<br /> oiates=reasnry ssautd�.adJuated to s conalenL meLurNy M one(t?Year,as made avallab�e by the Federal Reserve 8oard. Tha most re- `'"� y>�
<br /> —_�__,.-- ..a
<br /> cent Index flgure avellable as o}the date torry•Ave(45)days before eaah Change Oate Is caMed the'Curtent Index'. ^� � ="
<br /> •� If the Index Is no longer avallable,the Note Hdder will choose a new index whlch Is based upon compareble IniortnaUon. The Note �'�
<br /> Holder wAI gNe ma noUce of thfs aholce. " �t '
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<br /> � ;..�"._._�.�_..;.,,�.__,_ lC) Caloulatlon of Chan9es ���a ... _ '�f �
<br /> 8etore esoh�Change Date,the Note Holder v�ll ce�culate my new Intereat rate by adding �
<br /> . percentage polnts to the Cu►rent Index. The resufte of thls addltlon wlll ba my new Interest rate untll the � ^�6
<br /> " • next ohange dete. 3ubJeat to the Ikntts stated tn Sectbn 4(Dj below,thls new amount wlll be my new Interest rate undl the next ,;��
<br /> . Chan e Dete. � ., ,
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<br /> - ' The Note Holder wlll then determtne the amount ot the monthy payment that would be sutflclent to repay the unpald pNnelpal thet I em � ^ ;� ;��
<br /> e�eated to owe at the Change Date in 1u11 on the meturity date at my new Interest rate In substantlally equal payments. The resuft ot thls i • :,.;�;:!�� ��
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<br /> ' ca�culnUon wlll be the new amount ot my monthty payment. � ��`� _ ��
<br /> • �:,' , (D) Ltmlta on Intereat Rete Changes � `
<br /> 8.280 — �. � „ �
<br /> The Interest tlate I um rcqutred to pay at the first Change Oete wln not be greater than � ...� -�-..
<br /> . � Thereafter,my tnterest rate wlll never be Increased or decreased on any aing�e Change Date by more than 1•990 �
<br /> pereentage polnts from the rate ot Intereat 1 have been paying tor the praeeding twetve(12)monthe, My tnterest � ,�-
<br /> rato wlll never be greatar than 8 990 96. • ' �
<br /> � (E) Eifeattvo Date of Changea ' ;'
<br /> My new Interest rate wlll become eHeattve on eaah Change Date. I wlll pay the amount ot my new monthly payment beglnnfng on the
<br /> �
<br /> flBt monthty payment date aftur the Change Oate untA the amount ot my monthry payment chenges agaln. . �=
<br /> � � (F7 Notlae of Changes , �,
<br /> ` The Note Holder wlll delNer or mall to me a notice oi any chenges In my Intereat rate and the amount of my monthly payment before �.
<br /> ' the etfective date of any ohange. The notice wlll Include �niortnetbn requfred by law to be glven me and also the UUe and telephone
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<br /> „ �umber of a person who wIU answer any questlon t mey have regardfng the noUce.
<br /> - MULTIS7ATE ADJUSTABLE RA7E R�DER-ARM 5•2- sng:� Kum•�y•Pa�nle MaelF�eddle Mac Uniform Instrument (FFL Mod)3�85 . 'M
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