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T� -. .'.� I i.� • •�:.• .. _:�.-_.-._... :� � . - .... .._.• -. ._. ' � � � . � � � _ . ' MIw�M- ' -'�u ._. • ' ...�. .�_�..�. - =�-� ! � �^�� • . . •• . '��J3889e _ ��;�� ADJU�`�A�3Y.�RATE RIDER 9�"� �I,O� -- (1 Year TreASUry Index--Ratc CApa—Flxcd Rwto Canvereion Uptlon) — � TH[S ADJUSTABLE RATE RIT�ER is made this 21aT doy of MARCH � 19 9'� ,and is -- jncorporated into and shAll be deemed ta amend and supplement the Mortga�e. Deed of'tYust or Security Deed � (tda"Securtty Instrument")of the same date gjven by�the undersigned(the"Horrawer")to sacure Borrower'R — �—� Acljast�ble Rsts Nete(the••Note")to 1�nRWBeT Mt7FtT01�0E, INC. �_ �, , (the"I.ender")of the same dAte and covering the praperty described in = thc Security instrumcnt and located at: _ ' �13 KENNEOY DRIVE ORAND ISLAND� NE 68803 [Property Address] � THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANQE3 IN THE INTEREBT RATE � ;;v'ii.ua,�;,;'.,:c� t�. AND THH MONTHLY PAYMENT.TN� NOTE LIMITB THE AMOUNT THE BOR�tOWER'8 _,.•,��:,�y�.�� ADJUSTABLE INTERHST RATE CAN CHANGiE AT ANY ONE TIMH AND TNE MAXIMUM ��:`�y�,+1 .,�+�'�6, ' RATE THE BQRROWER MUST PAY. TH8 NOTE ALSO CONTAIN8 TME ��:+#''`t'�`�" ' OPTION TO CONVERT TF1E ADJUSTABLH RATE TO A FIXED RATE. ,: .-�. " .• :f . . e.�.� .�•;. ri. �''l•F_�'_ ADDITI(91otAL COV L�NAIVTS.[n addltton to tbe covenants and agree�nents made in the Securtty Instrument. _ � Borrower and Lender further covenant und a�ree as follows: -- . . u � -- � :; ' A.ADJUSTABLE RATE AND MONT'HLY PAYMENT CHANGES "_- The Note provtdes for an initial interest rute of 5.000 °k.1 he Note provIdes the changes in the adjustable � � interest rute and the monthly payments,as follows: --�°_ i � 4.ADJUSTABLE INTEREST RATE AND MONT�iLY PAYMEIVT CHANGES �' (A)Chan�;e Dates �. , . The adjustable interest rate I wlll pay may chan€e on the first day of APRI L . 19 95 . �,,;;: and an that duy every 12th month thereufter.Euch date an which my adjustuble interest rute could change is ; - , . calied a"Cha�gc i?ate." ��-�: . (B)The Index' .d,� � Beginning with the first Chunge Date,my adjustable interest rate wiU be bused on an Index.The"Index"is �� � ' � • the weekly uverage yield on Untted Stutes Treatiury securities udjusted to a constant maturity of I year.as made - ' � uvuilable by the Federul Reserve Board.The most recent (ndex fi�ure uvailable as of the dute 45 days befare each ,. Chnnge Date is called the'•Current Index," �:��: If the index is no longer uvailuble,the Nate Holder will chaose a new index that is based upon comparabie �°Y . „ ' informution.The Note Holderwill give me notice of this chaice. - ''' (C)Calculation of Changes Before each Chunge Date,the Note Holder will calculutr my newinterest rate by udding 2.750 - percenta�e points(2.7�0 ''I�)to the Current Index. Thc Nc►tc Woidrr wili then round the result of thls udditton to the nearest one-eighth of one percentugc point t0.13S�l�►,Subjrrt to thr limits stuted in Section 4(D)below.this - `; rounded�mount will be my new interest rate until the next Changc Dute. The Note Holder will then detrrmine the a�nount of the monthly payment that would he sufficient to repay the unpaid principal that 1 am expectrd to owe ut the Chunge Date in ful l on thr Muturity Date at my new interest - - � ' rate in substantinlly equnl puyment.. Thc rc,uic uf thi.calculatiun will be the nrw amount of my monthty pay- —n _,� ment. (D)Limits nn Interest Rate Chan�es �• � The intcrest rate I am required te�puy ut thr t'ir�t Ch.ing� p:ue will not he grc�tcr than 7.000�c or less thanS.OQO �7�.Tl�rcuRer,my aJju.tahl.intcre.t rate��•iU never tk incrcu.ed��r decreutieJ on any tiingle Change Date by more thunTWO percentage�int��2.<<► fn�m thc rutc of intere.t[ha�e txen p�ying for thr prcceding l2 months. My intere�t rute will ne�cr he grcatcr thad 1.U00 �S, �vhirh i+callcd thr"Maximum Rat�." (E)Et'Fective Date of Chunpes •. My nc�v intcre,t rute will lxromc rft�cti�c �m cach C'hangc [)atr. I ��ill p:+y thc amuunt of my ncw m��nthly payment beginning on the fir.t monthly paymcnt d:u► al'tcr thr Changr Datr until the amount e►f my monthly .. payment changes again. � • (Fl Noflce of Chan�c�s � The Notc Holdrr w•ill dcli��r or mail tu n�� a nutir<<�t an� .•hange, in m� .idju.tahle interetit ratc und thc I . amount of my munthly payment hrt'orr thr cft�rti.c dcu�c,f an� rhangr. Thr n��tirr«ill inrlude information required by law to br�i��n mr:�nd al.a thr titlr and telr�hunr numhrr�,f a per.nn��ho��ill an.Nrr any qu��tion � ;., " 1 muy huvc mgardin�the notic�. • B.�IXED INTEItH tiT RATF U!''CION • The Note pr��ide� t'or thr Borr��rr'� ��pticm tn «�n�rrt Ir��m an udju.taMc int.re,t ratc ��ith intrre.t ratc , i--'_ t:...:►.-r..u �va�1 intrre•�t r:�tP :t��i)I It1K�t: -_ �...._.. _,._--. _ .............. ....__...._.. . .. _ 5.�[X�D INTER.H:ST RATI:CUN�'F:IitiIUN t)!''I'I()N tA)Option tu Cunverl to Fixed Ratc � �c I ha�•c a Com•rr�ion Opti�m that I ran c�crci�e unlr•• 1 am in defuult ��r thi�S�rti��n S�A1��ill nut �crmit ntc to Jo �o,The "Cumrr.iun C)pticm" i.m� ��ptiun t„�umrn thc int�rr.t ratc I um rryuirr�i tu pa� h� thi. Natc fmm an aclju+taNlc run with interr�t r:ttr limih to th�(i�rd ratc rakulatrd unJrr S�rtian S�Hi txlu��. �, The comrr.ian can unly take placr ��n u J;uen► ,pe�ifie�f M thc Nut� H�,Idrr�lurin�; thc prriud hc�inning��n ' the firtit Change Dute and rnding un the fifth('han��bate. Eia�h datr un ��hich m� adju.tuhlr intrr�.t rate ran � canvrrt t��thc nc«•titcd r�tc i�callcd the"C��m�r.iun f)atr." + MULTISTATECOHVERTIBIEADJUBTABIERATERIDHR-ARIIPLAN57-S�nqR�.�� tYOe�Troa�urylndex•FonnloNeoUdtormtnetrumentFOrm31181i89 NMFL�OG83 A90 ,...•. �...•",", ei ' „ I