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<br /> .. :�;. .. . - . . , ,; ADJUSTl�BLE ItATE �DER �: 4,..�023�8
<br /> (1 YeuTtctsuryr IndcarRateCep�j
<br /> - >-`.��:n�'4. �({ _.
<br /> . THISADIUlC7'ABLB RATE AIDLR ia mtde thif 23RD dsyot PIARCH .t9 ,
<br /> and b iaeotporued inw and�hdi be dzemed to�unend and wpplemrnt che Mort�e.Da0 ot Trwt,or Secudt9 Deed(the"&curlty Innrumrnt")of
<br /> "� �''° the umedue Qivet►6y the undculsaed(tho"BorroweP')ro iecuro Bortower'e Adjusuble R�ta Note(the"Note")to F�AIAg�,$pERAUGRAFIQ -
<br /> . _ ,.
<br /> � ��(�he��Lenda")of the ume d�to tnd coverin�the propeny descrlbed i�tho Becu�ity Inarument�nd tocued us
<br /> �,,. .,.,.� ,r:
<br /> - �-___ -
<br /> . + 2711 COTTONWOOQ. GRAND ISLANDr NEBRASKA 68801
<br /> � �.>:.�,r:..�.::.�r tPropertyAdd�a�)
<br /> '�,;,..�;_: . �,'s'..
<br /> ��.ti•.� .. T61s note coNWm proHstow stloxles ta c6�a in sy iwterat tate �sE my mont6l�
<br /> '� t'� . ' paqments.TAb aote�o Iimlts ths amouat mr Interat nu can cAta{e st�ay ose dme sud _ _
<br /> '•,. u
<br /> ^�� '' -. ' • . �lao tht mleimum and the malmmm�te 0 must p�y.
<br /> .;_, • �����.
<br /> � i , AI3DITIONAL COVBNAMS.In addtUon to the cavenanu aad agramenta made in the Security Instrument,Bottower and i.ender =
<br /> �' � � . further covmsnt and agrce as followa:
<br /> ,� , . ,. =-_-�- _
<br /> A, IM'FatEB'1'FATE AND MONTH�Y PAYMENT CHANGFB �<=�=_----
<br /> t • . The Note provldea for en initiai intercst rate of�8?5 �h. Section 4 of the Note provtda tor chenges in the interest rate aad the �'`"-
<br /> , ���
<br /> , - monthlypaymmts.astoltows: '
<br /> . ��-_:_..
<br /> . , . , ... . ...a�,.:.-_
<br /> r�.K;� - -- -°
<br /> - _-_.._....__. . ..-,�. 4� �M,��T RATE AND MOMNLY AAYMBNT CHANG�.S ���.•.�e.:.w W-`
<br /> (�•�3a�%i
<br /> (A) ChtoteDates ���:::,'
<br /> ! The interat rate 1 will pay may chenBe on the ft�at day of �pR TI ,19�_,and on that day everyr '. "'---
<br /> •� .� �.,.2 montha thereatter.Esch dau on which my interest ratecould change is called a"Change Date." ',�'�'
<br /> . �' �- —
<br /> • (B) T6�[nda � +. �°+, ','�
<br /> Deginniag wlth the first ChanBe Date,my intetat rate will bc based on a�Index.The'•Index"is the weekly averege ytdd on Untted States '� _
<br /> Trrasury suudHes adJusud to a constant matudty of I year,as mede available by the Federal Reserve Board.'the most reant Indac figwe :'�"�•4
<br /> avallable as of the date 43 daya beforc each Chenge Date!s called the"Current Index." `�
<br /> ' It the Inda�ia no longer available,the Noto H�Idor will choose a neW inde�which is based upon comperabte Information.The Note ' s ,
<br /> • , Holder wQ!gtve me notice of thia choice. ' '
<br /> _. �^—�=_�--_- _ __`�: �~ � ' ,
<br /> (� CalcoladonofC6sngea TWO AND ONE-HRLF
<br /> Beton each Change Date,the Note Holder wUt calculate my new interat rate by adding percentage �
<br /> points( 2•5 _no)to the Cuttent Index and rounding to the nwrat t/eth of 1qo.subject to the limlu stated in Sation 4(D)below.
<br /> This roundcd amount wfil bc my new interat rate unttl the next Chanee Date. •
<br /> The Note Holder wili tfien determine the amount of the monthty payiaent that would be sufliclent to repay in full the pdncipal 1 am � �
<br /> rxputed toowe on that Change Date in substantially equal paymenw by the maturity dau at my new interest�ate.The result of thla calculadon
<br /> wi]I be the new amount of my monthly payment. ';�, .�
<br /> (D) Limita on Intereat R�te Changa . �
<br /> 'The Interest rete I am required to pay at the flrst Chenge Date will not be greater then 6•875 °lo or less than �t,wK.'
<br />-, . •� �,? a�.,�_%.Thercafter,my interest rate will never be increased or deaeased on any single Change Date by more then n�10 ,�c�?� ,
<br /> ...(�.,.g�from the rate ot interest I have been aying for the praeding twcive months.The minimum interat rate on this loan will never be '��;.�`
<br /> . lesa than� R��.,�°10 and the maximum interest rate will aever be greeter thnn Q_A75 0l0, • r�i�,��
<br /> (� Eitective Date ot CAsngea �lr��'•.:'��''
<br /> My new interest rate wilt become effective on each Change Date.i will pay c he amount ot my new monthiy payment beginning on the Rrst
<br />- monthiypayr.iant dateafter iheChangc Datc untii thc amaunt of mymonthfypayment chaegesag�in. °�: ••- �
<br /> (� NotlaofChangcs ��� „ � .
<br /> The Note Holder will mail or delfver to me a notice before each Change Date.The nocice will advise me ot: ;
<br /> li) the new Interat rate on my loan as of the Change Date; �
<br /> „ (ti) theamountofmymonthlypaymentfollowingtheChangelh�e; •
<br /> (fii) any additionat matters which the Note Hoider is required to disclose;and ` •
<br /> (iv) the addras of the assoclation you coutd contact regerding anyquestions abouc the adjustment nottce. ;
<br /> B. CHAR�FS=LIBNS I
<br /> I
<br /> Uniform Covenant 4 of the Security Instrument is amended to read as follows: i
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<br /> d. Ch�rga;Lten�.Borrower shait pay ail tazes,ussasments.and other char�ts, f ina.and impositions attributabte to the Property which may ;
<br /> ettain a priority over thts Security lnstrument,and teasehoid payments of ground rents,if eny,in the manner provlded under paragraph 2 hereof �
<br /> or,if not pald In such manner,by Bortuwer making payment,when duc,dtrealy to the payee thercwf.Borrower shall promptly furaish Lender �
<br /> ell notites of amounts due under this paragraph,and in the event Borrower shali make payment directly,Borrower shall promptly furnish to
<br /> Lend=r receipts evidencieg such payments. Borrower shaii prompUy dischuge any Ilen which has prioriey over this Saurity Instrument;
<br /> ' however, 8orrower shall not be requlred to dlscharge any such lien so long as Borrower:(a)shall agree in wrlting to the payment of the
<br /> obligation securcri by such lien in the munner acceptable to Lender;(b)shali ingood faith contest such�ten by,or defend against enforcemont of
<br /> • � such lien in,legal proceedings which in the opinion of Lender operak to pre�em t heenforcement uf the lien or forfefture of the Property or any
<br /> part thereoh, ar(c)shatl secure from thr holder of such 1ie�an agreement in a form satisfectory �o Lender subordinating such 1{en to this
<br /> Security instrument.
<br /> " If Lender determines that ail or any part ot cae rropeny�s sub�ec�co e i�en wn�ce may auain a pnoncy over�eis Securicy inscrumenc,
<br /> Ixnder shall give Horrower a notice identifying such licn.Borrower shall sa�isfy such lien or take one or more of the actions set forth ubove
<br /> within ten daysof thegiving�f the notice.
<br /> C. NOTICE
<br /> �� . ,i Uniform Covenant Id of the SecurBy Instrument is amended tn read as follows:
<br /> . 14. NoHa.Except for any notice required under ctpplicabie luw to be given inanother manner,(a)any notice to Burrower provided for in this
<br /> Security(nstrument shall be given by delivering it or by mailing ft by first classmaii to Borrov►er at the Property Addrexs or at such other address
<br /> " as Borrowe may designate by notfce to Lendet as provided herei�,and Ib)any naice to Lender�hall be gi��en by first rlass mail to l.ender'�
<br /> addressstaied herein or to such other address ns Lendcr may designaic C+y nutitt to Borrower ati provided hetein.Any notirc prov�ded for�n th�� -
<br /> , Security Inst�ument shatl be damed to ha�e bcrn gi�en to Borrower or Lenderrh en g�.�en in the manner designuted herein.
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