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<br /> _�-��:�� � AANSTAI�LE ItATE ��R. �� . .
<br /> - - - p Ye�r Ttcasury Iede�e—ISate C�ps) 0020A28987
<br /> ::��+i��x:�%:►� 19 -
<br /> TFIIS ADriJSTABLE RA'fE AIDBR is made this 7TH day of APRI L • 84 +�d�
<br /> r���-=o���"' lnoorporated lnto and sh�ll be deenned to amend and supplernent the Mortgage,Decd of Truat or Securisy Deesl(the
<br /> :T::"��.� ••Security instrument")of tEie s�une date givea by tbe undersigned(tho"Z3orrov:cr•')to�nre Sot,rorrer's Ad,�ustabl� �- _-
<br /> •;--;:4
<br /> - .. Rate Note(the"Note")co th� Epuit�Ele Suitdln9 �rtd lotn llsaoci�tion af Aried Ie1tn0,1lo0rtakt. A
<br /> � ����'' Fedtral S�vUpe 8tnk (the"Lender")of the same date and covering the property des c r l b e d
<br /> n•
<br /> - '.' :.�"='.: in the Sec��ritY i�strument and lncated at: • �_
<br /> A'�: - �i�..r. �
<br /> v-. s',
<br /> ���� � s � 60S SW�EIWOOD �RAND ISLAND. NEBRASKA 88803-3124 —
<br /> (Property Addressl --
<br /> � � . '�i�iE NOTE CONTAINS Q�OitISlONS Al.�OWIK�6�I�6�AtIL�E�[1N�fE[t16'iEiBEST RATE _
<br /> � . /�1VD THE MONTH�Y L�ASfR�,E�11T.THE NOT�I1L1.4R�1�E 0�l�Cil�91(�1P T�#�BS�ftOWER'S �^'`-
<br /> tN'�ERE8T RATE Cd1N CC�tJ�t1t�E A�'LO,�IBY�K�'6LtiRE Q+[�S�'1f�EE G4AA�1iLMJ8JM RATE TNE BOR- '':,...
<br /> ' ��^�.,
<br /> , F��IfI�R MUSY PAY. �``�--
<br /> ADDI'3'IOI�SAI..�Od�NAN'IfS.In additioa to t�e covenants and agreements made fn the SecurIty Instrocaeue. -,
<br /> � Horrower aind Lender further covenaat and agree as foAows: �t::�':.
<br /> . `-:�r'..
<br /> ' A.INTEREST RATE AND 1VIONTHLY PA'YMENT CHANGES °K;t,:
<br /> � 3'he Note provides for an Initial interest rate of 4.7 50 %.The Note provides for changes in the interest r�te aazd r.li� ;:
<br /> monthly payments, as follows:
<br /> . � T�t�
<br /> ; 4.INTERFST RATE AND MONTHLY PAYMENT CHANGES ,-
<br /> � (A)CLonge Dates •�:;*�
<br /> ' � The interest rate I wW pay may change on the fust day of MAY ,19 9� ,aind on that day a�
<br /> every 12th monih thereafter. Each date on which my interest rate could change is called a "Change Date."
<br /> —---�----� B)Tbe Index� �+::�
<br /> � Beginning with the first Change Datc,my interest rate wUl be based on an Indeac. The"Index" is the wcekly �=u
<br /> ' � average yIeld on United Statcs Treasury securIties adjusted to a constani rnatudty of 1 year, as made availabie by �--
<br /> � the Federal Reserve Board.The most recent.Index�gure available as af the clate 4S days before each Chaage Date . a:y"-
<br /> ,• is called the "Current Index." - _
<br /> '� If the Index Is na longer available,the Note Holder will choose a new index which is based upon comparable �.
<br /> • . `�`��' information.The Note Holder will give me notice of this choice. �`'-
<br /> , �:"'--
<br /> (G�CalculaUon off Changes �!��:•-
<br /> • Before cach Change Date,the Note Halder will calcutate my new interest rate by adding � "�-
<br /> `:.:;+�: � percentage points( 2•�� %)to the Current Index. The Note Hoider will then round =
<br /> thc result of this addition to the nearest one-eighth of one percentage point(0.125%). Subject to the limits stated �`-
<br /> in Sectlon 4(D) below, this rounded amount will be m new interest rate until the next Ch e Date. ��Y
<br /> Y �8 r_.::�;�
<br /> The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay �:�•��
<br /> p�.:y_r.
<br /> the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest r.�;�
<br /> rate in substantially equal payments.The result of this calculation will be the new amount of rny monthly payment. �=`
<br /> `,`,.-
<br /> "•.:.
<br /> (D)Limits on Interest Rate Changes '-
<br /> The interest rate I am required to pay at the first Change Date will not be�eater than 6.750 °lo or less than
<br /> . �.�� m.T�'iCltSfiCT.iaiy iil[ctc�I fdic Kili ii2V2C t3C iii�icaScu JT.a.��S�°...°�CII 3.^.�SS:l�f rh��op nAt�+hv
<br /> more than two percentage points(2.0%)from the rate of interest I have txen paying for the p►�aeeding twelve months.My
<br /> interest rate will never be greater than 9.750 °10.
<br /> (E) Eftective[Dat�ot Changes
<br /> My new interest rate will become effective on each Change Date. [ will pay the amount of my new monthly
<br /> � payrnen¢beginning on the first ttconthly payment date after the Change Date until the amount of my monthly pay-
<br /> � rne�nt c�anges again.
<br /> •'�`�•-••','�.i IFD Notice ot Changes
<br /> :: ., .,..
<br /> TDce Note Holder�ti•ill deli�•er or mail to me a notice of any cha�gr�::�.��interest rate and utce acnoont of my � .
<br /> ' '�'��' morthC�.•payment beEo:e the effe�:ive date oa an. :hange. The notice .�:ei inc:ude information re4u's�e3 Uy law to ;
<br /> ��� ' be gi�e�n me and also th�title and tclephone number of a persc+n Lvho���irl anawer anc gueccion I may tsace regarding '
<br /> the nucn:e. .
<br /> 8.7CItANSFER O]F'Q1}BE PYtOP�RTY OR�BE�iEFICI,�➢.I:dTERIESif➢'0 BORROWER
<br /> Uniform Covenant i"of the Security Ins[ruuu�ect is amended to read a+ fo�low•s: '
<br /> Trancfer of the Pronertn or a Beneficiai dn¢erest in Borrower.1 f al(or anv vart of the Prodeny«r any interest
<br /> in it is sold or transferred(or if a beneficial interest in Borrow�er is soid or transferred and Borrower is not a nataral
<br /> gerson) without Lender's prior.�aritten consent, Lender may.at its option, require ireimediate payTreent in full of
<br /> all sums secured by this Securiey [nstrumen[. How�e�er, this option shall not be exercised by Lertdec if exercise is
<br /> prohibited by federa{ law• as of t he date of t�e�s Security Instrument. I_ender also shall not exercise this option if:
<br /> (a)Borrower causes co be submitted to Lender information required h�Lender to e�aluate the intended transferee
<br /> as if a new loan were being made to the transferee; and(b) Lender rea;onably determines that Lender's security
<br /> will nat be impaired by the{oan assumption and that[he r�sk of a breach of any co4 enant or agreement in this Se�:uri-
<br /> ty Instrument is a�ceptabte ro L�nder.
<br /> To the extent permitted by applirahic law,Lender may charge a rza;onable f2e as a condition to Lender's con-
<br /> sent to the loan assumption. Lender may also requirc the transfcree to sign an assumption agreement that is arcept-
<br /> able to Lender and that obligates the transferee to kecp all the promises and agreements made in the Note and in
<br /> - this Security Instrument.Borrow•er��ill rontinue to be obliga[ed under the Note and this Securit�• Instrument unless
<br /> Lender releases Borrower in ��riting.
<br /> MUITISTATE AOJUSTABIE BATE RIDER ARb1 5 2 S��gio�amar funruo Mae�Froddio Mac Umlorm Inatrumont Form 3171 3 85 •
<br /> �:82� ,s�� l�rv�IOR�GAGE{URMS• .I13 29381pp•�RJO•5i t ',Jt �
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