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<br /> -___- - , ADJiJSTA�L� ItATE RIDEIt 94 ia����
<br /> �.z-W�.�m� ' (lYcarTre�uurylndex-RetcCay�) f �
<br /> - TH19 ADIUSTABLB RATB R�JDBR i�m�de tN� 7TH e�Y Qt.,� I�ARCH� _ _19 94 .� —
<br /> and is incorporued Into sod�hai be deemed to unend and wpplement the Mortt+tQ.�ot'11ruu.or 8eeudty Deed(the"3aurltr Irutrument'9 ot
<br /> u the wne d�te�iven by the undersljned(eha"Bonower">to iccuro Horrower'�AdJu�u►bie Mta Note(the"Note")to HOMB Rj;pERA�lUNQ •
<br /> j¢J„�j$Q(the"Lenda")of the rame dite tnG coverin=the propeny daeribed In the&curtty Inmumsnt and toated at: �
<br /> �.=° 2A24 N. KRIISE, GRAND IS�HND NE G88A3
<br /> � -- 41?5 AIRPOR7' RD, GRAND ISLAND NE 68803 _ .
<br /> •�. (Property Address)
<br /> T ,,�,r, ?hts aote contti�o provWoa�Ilooln�tor c6ts�p Is roy ttterat nta tad �ny mont�h —
<br /> . ���• ' psyrnc�7a.'�Mis aote�4o Ilmib th�am9u�1 my Isterat rnte au cMtete at��r otie Um�tR0
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<br /> . ..:,�• . .•� tiso t6�adNmaa�aed the muttanm�ate 1 mw1 O�ly.
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<br /> ;* �:�;>;.;,;;• ADDITIONAL COVBNANTS.In additton to tho covrnaea snd a�tamenta mado in ehe Secudty Inauument,Bonower and I.enda
<br /> ' '��.����'^";.i- further covenant ead agroe as follows:
<br /> . '..F., • . �) . .'
<br />� � ' . „' A. INTERII4T RA1'E AND MONTHLY PAYN�I�T��AI�GFS ����
<br /> ? The Nou provida fot a►(nittal inurcat rau of • � ho.Sution 4 of the Nou provtda for chanya in the interat nu and the
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<br /> . °:-�� .: - : . monthlY PeYmenta�as foilows:
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<br /> � ' 4. IMfiR6ST RATBAND MONTXLY PAYMBNT CHANOES _
<br /> r � (A) CEauatDatp T':?���Y
<br /> e: „ .; � ThNakrpt rnte I wlll pay may change on the flrot day of APR IL ,19 95 .and on that day every 7;%-_4-�„�----,--`
<br /> ' • 17_ months thereafter.Aach date on which my interat rate could change fi called a"Change Date.•'
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<br /> . tB) 7'be Indac a��, i��•__
<br /> . Beginntng wlth the tirst Chenge Date,my interest rate wiU be based on an Index.The"Indpc"ia the wakly averege yfeld on United States "`''`�' ,�"'�—i
<br /> � Treasury�avritia adJusted to a constant matudty of 1 year,as made availnble by the Federal Reserve Hoard.The most rxent Index flguro '�� -'-
<br /> availabla aa o[the date 43 days before each Change Date!s called the"Current Index." '
<br /> , . If the Index is no longer available,the Note Holder wlll choose a new index which i�based upon comparable iniormadon.The Note +{�+�.s�
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<br /> Holder will give me notice of this chotce. •_5!�.�
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<br /> ec► c.��i.aon or ca►•oQes . .
<br /> �� Betore each Change Date,the Note Holder wlll csiculate my new Interest rate by adding THREE AND ONE-HALF p�«�g� . . _,•
<br /> • pofnts( 3-5 hi)to the Currmt lndex and rounding to the nesrest t/8th of 1�/o,subJcet to the limits stated in Secdon 4(D)below. `;�
<br /> �, . Thia rounded amount wili be my new Interat rate until the next Change Date. `
<br /> 'ihe Note Holder will then determine the emount of the monthly payment that wauld be aufflcient to repay ta fuil the principal t am
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<br /> ' `' �' "" �`� - expocted to owe on that c:hange uate in aubstan�iaiiy equal paymencs by che me�uriq daic a�my new interest ra�e.Thc rauit uP tLia culcuintlo�t
<br /> �..�r....— , _.
<br /> , wlll be the new amount ot my monthly payment. • �
<br />- (D) I.imibon I�teecst R�te Changee " ",
<br /> . The interat rate I am requlred to pay at the first Chengc Date will not be grester than 8.00 qo o�las than !�
<br /> %.Thereatter,my interest rate will never be increased or decreased on any aingle Change Date by more than �wQ �:=
<br /> #I; ...,,,.. .d� .
<br /> ; 2• irom the rnte ot interest I have been payfng for the preceding twelve months.The minimum interat ratc on thfs loan will never be 0�
<br /> '' 11 .00 �,;��'+�`�=�
<br /> �f. less than 4•� %and the maximum interest rate will nevcr be greater than %. y-
<br /> (�) Ettecq�e Date ot ChAngee y��,
<br /> � � My new interest rate wili become effective on each Change Date.I will pay the amount of my new monthly payment beginning on the first
<br /> monthiy paymen�date ntta�Uk Cha�igr Date until tl�e auwuut uf u�y monthiy payment changea agatn. � -_- "
<br /> (F) Nodce of Ch�nga •
<br /> The Note HoJder witt mait or deliver to me a notice before each Change Datc.The noticc wili advise me of:
<br /> � (p the new interest rate on my loan as of t6e Change Datc; '
<br /> (If) the emount of my monthly payment following the Change Date; ,
<br /> . (iil) any additionui matters which the Note Holder Is requlred to diutose;and I
<br /> (iv) the address of the associatlon you couid contact regarding any questions abouc the adjustment notice.
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<br /> . B. CHARG�S=LIENS
<br /> :, Unitorm Covenent 4 of Ihe Security Instrument Is amended to read as follows: �
<br /> 1 4.Ch4rgesi Gens.Borcower shall pey all tnxes,assasments,and other charges,fines,and Impositions attrfbutabie to the Property which may ;
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<br /> � { attain a prtoflty over thia Security Instrument,and leasehold payments of ground rents,if any,in the manner provided under paragraph 2 hereof �
<br /> or,if not paid in auch manner,by Borrower meking payment,when due,directly to the payec thereof.Borrower shat[promptly furnish Lender
<br /> all notices of amounts due under this paragraph,and in thc evcnt Borrower shalt make payment directly,Borrower shall promptly furnish to `
<br /> ' Lender receipts evidencing such payments. Borrower shalt promptly discharge eny lien which has priority over this Security Instrument; , �
<br /> - : however,Horrower shall not be requfred to discharge any such Uen so long as Borrower:(a)shall agree in writing to the payment of the
<br /> obilgation secured by such Ilen fn the manner acceptable to Lender;(b)shali in good fafth contest such lien by,or defend against enforcement of ,
<br /> , � such tien in,legal proceed{ngs which fn the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br /> pan thereof;or(c)shali secure from the holder of such lien nn agreement in a form satis(actory to Lender subordinating such lien to this
<br /> __.. 'L.. _ ._. .. _ Securitvinstrument. '
<br /> T '' !f Lender determines that atl or any part of the Property is subject to a�ien which may attain a priority over this Security Instrument,
<br /> � Lender shall g[ve Borrower a notice identifying such lien. Botrower shatl saticfy such Ifen or take one or more of the actions set forth above
<br /> � within ten days of the giving of che notice.
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<br /> -' C. IdOTICE
<br /> '' Uniform Covenant 14 otthe Securfty Instrument fs amended to read as follows:
<br /> , ;� . 14. Nodee.�xcept for any notice required under npplicable iew to be given in another manner,la)any noNce to Borrower provided for in ihls
<br /> Sccurity Instrument shall be given by deliverfng ft or by mailing it by Cirst class mail to Borrowcr at the Property Address or at such other address
<br /> ,' � as Borrower may designate by nodce to Lender as provided herefn,and(b)any notice to Lender shall be given by fint etass mafl ro Lender's
<br /> r � address stated heretn or to such other address as lender may 6esignate by notice to Borrower es providM herefn.Any notfce proYfded for in thi�
<br /> ' � Security Insttument shall be decmed to ha�•e bcen given to Bormwcr or Lender when given In the manner designated herein.
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