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<br /> .����.,,�I� ADJUSTA�L� ItATE RIDEI� f��'' `.,�,f� �`;
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<br /> .w,,�;." ., ,,,,�, THIS ADJUSTABLB RATS RIDBR 1�m�de thia—�_d�y of._... b 'ti�:� '�` "� -`-
<br /> - ?'" 'md b incorpor�ced into and ih�q be deemcd to�mend and aupplement the Monaa$e,Deed of Truat,or Saud�y Dced(the"Secudty Inarument")of ;-..,,,,,_...___
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<br /> �•' '.� � the uime due�Iven by the underol�ned ttife"Donower")to ucure 8orrower'�AdJuttable Rate Nota(the•'Nnte")to MOMgFEDERA GRANQ
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<br /> ,_; r�,:�= •,,� �dthe•'l.enda")of tho ame data and covsriny tho P�opanY desc�ibed tn tho Security ti�struiiiHU and lacatfd at: --
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<br /> � t'"�..�-:'. :ti.� ". •.��•��'� 1619 S• GRETCHEN� GRAND ISLANG• NEBRASKA 69801 ` � .;,•;ta�x��±�
<br /> , �' „ ,. " (Property Address) • �-���= -
<br /> �
<br /> , !' '� �, " " . Tleli eote contain� prodslon�allowln� tor cMaQa tn my Interat r�te�nd my ma�thiy ' � "
<br /> ' • p�ymeat�.?bi�aoto�tio limfts the amount mr interest nto nn chsn�e�t�ny oat tim��ad � '�
<br /> „ . dso lMe minlmum tad tb�m�udmum e�te I mu:t p��. -�
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<br /> ��, ., • � ADDITIONAL COVENANfS.In addidon to the covenanta and egrcements made In the Secudty Inatrument.Borrower and Lender .
<br /> •� further covenant and agree as followa: �
<br /> f% , . , x
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<br /> ' � A. INfERffiT RKI�AND MONTHLY PAYMENT CHANGFB , � „
<br /> • The Note provides for an inidal interest rate of 5•� %.Secdon 4 of the Note provida tor changa in the Interest�ate and the � .
<br /> '� monthly payments,es foUowa: - ••� ,
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<br /> 4. lNTER6ST RATE AND MONTHLY PAYMFNT CKAN(IES
<br /> � (A) Cdwge Dates .. . �
<br /> ' �� The interest rate 1 will pay may change on the tint day of APR IL � �y 95 ��d on that day every . ;
<br /> ° �2 months thercafter.Each date on which my interest rate could change ie called a"ChanBe Date." ^ , .
<br /> . ' (B) Theladex � �
<br /> Beginning wlth the firat Change Date,my interest rate wlll be based on an Index.The"lndex"is the weekly average yleld on United States � '�:r
<br /> , Treaaury«cudtia adjusted to a conetent matudty of 1 year,as made svallable by the Federal Reservc Soerd.The most tecent Index figure ;,.�+t
<br /> � avallable as of the date 4S daya before each Change Date ia called the"Current[ndex." Y; `
<br /> • It the Index la no longer availeble,the Note Holder wfll choose a new index wMch ia based upon comparaWe informatton.'fhe Note '���:;�,,,�"'
<br /> , ,•-;��a'
<br /> � � Holder will give me noUa of this chofce. • ' "�
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<br /> -------_ -- -- (G� Gleutadoa of Cbanga -- --- . .
<br /> Betae each Change Date,the Note Hold.:r will calcutate my new interat rate by adding n!�� A� pNF-HRLF perantage � ,�' �
<br /> pointa( 2� %)ro the Cunent Index and rounding to the neareat 1/8th of 1%,subJect to the limtts etated in SecNon 4(D)below. ( •° r:� �
<br /> 7'hia roundcd amaunt wfll be m��new interest rate until the nezt Change Date. i � :r
<br /> The Noto Holder will then determine the amount of the monthly payment that would be sufficient to repay In full the prtncipel I am � <'
<br /> ' • a�pected to owe on that thange uate in suustanciaiiy equal paymema by�he mawri�y�isic a�my ucw iuic�cat�uic,TLc��.,ult oi th{a:alcuSaUan � " -:��
<br /> wiU be the new amount of my monthly payment. � � .��� .
<br /> (D) Limits on interest Rate Chrngea � ,-;?�
<br /> �� � 'fhe interest rate 1 am �equired to pay at the first Change Date will not be greater thon 7•� % or leas than � �'• ��
<br /> � 3,� %.Thereatter.my inter�st rate will never be increesed or decreased on any single Change Date by rnore than �� „
<br /> _ ...(?..,0`.�i�-from the rate of interest I have been paying for the preceding tweive months.The mfnimum interest rate on thls loan will ncver be � p�
<br /> . less tAa� � �1 °lo and the maximum interest rate will naver be greater than 10.0 %, � ' ' ,��,'`�-
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<br /> •• (F> EttcctheDateotChnnges � i•-
<br /> ,,
<br /> My new interat rate wili becomc effective on each Change Dete.I will pay the amount of my new monthly payment beginning on the first �.
<br /> ' manthiy paymertt date after the Change D�te unUl the smount of my monthiy psyment changes sgain. �
<br /> (F) NoticeotChonga � �
<br /> The Note Holder wfll mafl or deliver to me a notice before each Change Date,'Che notice will advise me of: � ",
<br /> �
<br /> (p the new interest rate on my loan as of the Change Date; �
<br /> . (if) the amount of my monthly payment following the Change Dacc;
<br /> (i[f) any add(tional matters which the Note Holder is required to disclose;and �
<br /> (iv) the addras of the association you couid contnct regarding any questions about the adjustment naice.
<br /> B. CHARC�4=LIENS �
<br /> ' U�titorm Covenant 4 of the Security lnstrument Is amended to rend as follows: '
<br /> ' �. 4. Chargeat Uens.Borrower shaU pay all taxes,asussments,and other charges,fines,and impositions attributabk to the Property which may
<br /> . attaln a priorlty over this Security instrument,and IeASehold payments of ground rents,if any,in the manner provlded under paragraph 2 hereof
<br /> ' or.if not patd fn such roanner,by Borrower makfng payment,when due,directly to the payec thereof.Borrower shall promptly furnish Lender
<br /> all notices of emounts due under this paragraph,and in the event Borrower shall make payment directly, Borrower shaU promptly furnish to
<br /> ' I.ender receipta evidencing such payments. Borrower shall promptiy discharge any Ilen which has pdority over this Security instrument;
<br /> � however,Borrower shali not be required to discherge any such Iien so tong as Borrower:(a)shali agree in ariting to the payment of the
<br /> . obligat[on secured by such Ifen in the manner acceptable to I.ender;lb)shall in good faith contest such Ifen by,or defend against enforcement of
<br /> such Ilen In,�egal proccedings which in the opfnion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br /> part thereof;or(c)sha�l secure from the holder of such lien an agrecment in e form saNsfactory to Lender subordinating such Ifen to this
<br /> -. �� Security Instrument.
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<br />- ' � - ' - � li Lender determines[na[aii or any part oi crte rroperty is suoject to a iien wnicn may attain a priority over tnis�ecuriey inserumene,
<br /> ' Lender shall give Borrower a notice identifying such lien. Uorrower shall satisfy such Ifen or take one or more ot the actions set forth above
<br /> i withfn ten days o!the glving of the noticc.
<br /> �
<br /> - ; C. NUTIC�
<br /> t i� �, Un{form Covenant 14 of the Securlty Instrument Is amended to read as follows:
<br /> 14. Notta.Except for any notice requlred under app�icable law to be given in another manner,(a)any not ice to Borrower provided for in thic
<br /> ' ' Securfty Insttument ahal!be glven by delivering�t or by mailing it by tirst clnss mall ro Borrower at the Property Address or at such other addrec�
<br /> � ns Borrower may designate by notice to Lender us provlded herein,und(bl any notice to Lender thall be gfven by Crst dasc matl to l.ender'c
<br /> � � ' address stated herel�or to such othcr nddrexs as Lender may decignate by notire to Borrower uc provldrd hercfn. An y not�cc provided for in ihi.
<br /> i t • Securfty Instrumcnt shall bc dccmed to hn�e bcen gf�•en to Borrower ur Lender when given in the manner designated Mcrein.
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