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<br /> � ADJUSTA��E RATE RIDER r��° ��3�'�� . ;4 �.:_r�`��:,—
<br /> :�: � �: . :,.� ,;;,f��,�:.
<br /> ..rr :,�.'�'�'" (i Yaar Trcusury ladex-Rate Cap�) '. ' `�°�-•-.
<br /> . `�.4>.v . ° .. , '*Mr
<br /> �,.�.�. .Y. �., � -. .
<br /> �.;.�° THISADJUSTABLERAI'ERIDERIemadetltie 6TH esyof APRIL ,t9 94 ; �,,'-.t. ,
<br /> �. ' ^ anG in Incorparated into and ehnU be deemed to amend nnd aupplemrnt the Mortgege,Dad of Trwt,or Secudty Deed(tha"Sccurity instrument")of • . ' '
<br /> � the aame duto givm by the underalgrted(the"Bonower")to kcure BortowePa AdJusteble Rate Note(the"NPtC�')to HGM�FEDHRAUQRAkD , � -
<br /> ��(the•'Lender'y ot the eame dnte and covMng the property dacdbed in the Secudty lnstroment and located at: . . �� �
<br /> ,,. ,... . ,
<br /> . .
<br /> ., :� ,. ..
<br /> �° " 11?00 WEST WILDWOOp ORIUE, W000 RIUER NE 68883 "' '
<br /> . . ' ° (Ptopercy Address) , '• ,�
<br /> Thia note coatairo peodrdons allowing 4or cdanges In roy Intenat nts artd my monthly ' � .
<br /> psymente.Tdu note rlao Umita the amount my intereat rwk can c6�nge�t any one time an6 „
<br /> atso tha mlNmam aad tM roa�dmom r�te I mnat pay. . , . . -
<br /> � .
<br /> � AADITIOIVA,A.COVPNANF'S.!n addition to the eovenants and agraments roade in the Secudty Instrument,Borrower and I.ender •
<br /> tur¢ixeroovenant and agtc�e as folto�YS: '
<br /> . ,.Y<t;;;�•� '
<br /> , ...r% , A. INTFdlFBT RATE ANID MOI�f9�LY PAYMENT CHAIVQ'n1E,�
<br /> 'ii;;'i' ' � -. ' �
<br /> P�'" � •.�c'� '!he Note pmvida for an in[da!intereat rate of 5.�0 �o.Section 4 of the Note provides for changes in the interest tate and the ,
<br /> ..t �• ..
<br /> ' ���,.. ^;tc monthlY PBY�eats,as foUows: . -
<br /> .. ,,r�,•�' �.��. •
<br /> _. . ..,.:..:�;,:• - . -
<br /> F�s,`.:.. ,;,.,,_ , , ,
<br /> ���,1. , 4. lNTEREST RATE AND MONTMLY PAYMENT CNANC�S ;ti;,;;:,;:.,.,,
<br /> ., �.�}, , (A) CMu�eQnteB �",�,�;i; .
<br /> ,���. .
<br /> 95 ,and on that day every �"��{��ti�`.
<br /> � � T6e[ntereat rate 1 will pay may change on the itrst day of �IA Y ,l9 , ��
<br /> 17 months thercafter.Each datr on�vhich my interest rate cuuldchange is called a"Change Date." • "
<br /> (8) Ttee Indmi .� .. .
<br /> '�?',� .• Eeglnatng with tfx first Change Uate,my interest rau wiU be based on an Index.The"Index"is the wxkly average ytdd on United Stata +��,;:��: �
<br /> , . n ��:l�y:;x- � .. �;1 R
<br /> Treasury securldes adjusted to a eonstant maturtty of t year,as made available by the Federal Reserve Board.The most cecent In dex f igwe 't:tis�;nj,•. ° �A�
<br /> � availaNe aa of the date 45 days before each Chaage Date is celled the"Cuttmt Index." � ;t�ia�
<br /> "" �� If the Iadae is oo longer available.the Note Holder wiU choose a new index which is based upon comparable information.The Note � ' . ` t'' '
<br /> ' :��}���,
<br /> "' � Holdcr wiU give me aoUa of this choia. . " .v �
<br /> , r:`:YSv . , ° �.t�.
<br /> '11.'t:_o,—^. {('1 ('�IrnhN000t(�angea '•'�' •
<br /> `::1i;�.;i"i"— iWU HNU UNE-HFiL� .
<br /> .•,.�.;�.,: ,� &fon each Chauge Date.the Note Holder wtll calculate my new interat rate by adding P���B� • C";;';.-"-'
<br /> ':�+"�:'-" • points(._, 2•5 9i)to the Current Iadex and rouading to the nearest I/8th of 1%,subject to the limits stated in Section 4(D)below. '����%''' ` �
<br /> .r,•
<br /> . This manded amount wfll be my new interat rau untU the neut Change Date. '' '
<br /> ' 71u Note Holder wIU thrn detemiine the arnount of the monthly payment that would be sufficfent to repay in full the pdncipal I em ' � '�i ��,
<br /> '���''v. enpected to owe on that C'hange Date in substandeily equal paymenu by the matuHty date at my new interest rate.The result of this calculation ,��p,
<br /> ��....•.� .. . �/+,
<br /> 'Uq��;.,,�. ,,, aIq bethe new amount of ary moathlY PaYment. f.r..
<br /> ,,� ��f� . ,
<br /> N) Iimtta on Intaeat Rate(�augea �,f�,,�
<br /> Td rate I am rcquIred to pay at the first Change Date w[ll not br greater than 7•�� % or leu than ,
<br /> • ' �•�7e.Thereafter,my interat rate wiU never be increa.ud or decreased on any single Change Date by more than �� �
<br /> 2•p irom the rate of tnterest!have been paying for the preceding t welve months.The mintmum interat rate on this toan wlll never be �,.j�
<br /> less IIdan 3•� 7�and the maximum interat rate will never be greater than 10.�0 %, . .. ° ' �
<br /> (E� FBteeihe I/ate of QanQas I �'•:i'l
<br /> (Ee �n`
<br /> „ My new iatuess rate will lsecome effecttve on�ch Change Date.I wifl pay th¢aanount of my ncw monthly paymmt beginaing on the fint �
<br /> monthiy payment daze after the Change Date until tfie umoura ot my monchly paymm�changes again. � _ � � ��'
<br /> ,.
<br /> tFD NotlaotC6auEa I �,.. .. .
<br /> 11►c Note Holda will mail or deliver to me a notice before tach t'hange Date.The notice will adviu me of: ,
<br /> (i) the new tnterat rate on my loan as of the Change Date; � -
<br /> i .
<br /> , (ii) the amount of my monthly payment following the Change Date; �
<br /> (IS) any addiUonal matters which the Note Hoider is�equired to disciose;en1 ;
<br /> „ (iv) the addras of the auociat[on you could contacc regarding any quations about the adjustment notice.
<br /> & �GEB;LIENS
<br /> Uniform Covcnant 4 of the Security Instrument is amended to aad as follows:
<br /> , • 4. Cmr;a;Ilea�.�orrower shaU pay al!taxa,as.gessrtents,and other charga,fines,and impositions attributable to the Property wfiich map
<br /> „ atsain a pHodty mer this Savrity Instrument,and leasehold paymenu of ground rents,if any,in the manner provided under pazageaph 2 hereof
<br /> . ar.6f rtot pald in such manner,by Baaower making payment,whea�dse,directly to tht paya thereoP.$orrower shall promptly turmsh Lender ' '.
<br /> " , ati Rotices of amounu due under this pazagaph,and in the evenc Borrower shail make paymeni d:receiy,Bonower shall promp�ly furnish to
<br /> [.enda reaipts evidmcing such payments. BorrmKer stea[[ Dromp►1y discharge any lien which has priority over:h�s Security insrrument:
<br /> „ howaer. Horrower slull not be required to d'escFnargr any su:h Sien so Iong as Barrawer.(a)shall agree in wrcciag:o the pa7mient oF the �
<br /> olsHIIadoa secuttd by such liea ia the manner acceptable to Len;ter:,'bl shall i n good fa��h concese s¢ch tien by,ar defend againsc e�Eorcement of '
<br /> sruct�lim iA,tegai proceedings which m the opinion of Lender oyrerace co prevent the enforcemenr oC Ehe Len or forfeiture of the F'ropercy or any
<br /> part thereoF,or(c)shall secure from ehe holder of such Gen an agreement in a form satisfactory to Lender subordinating sacrt f�en to this
<br /> , •- ? Securiq'Instrummt.
<br /> � If Lmder determines that all or any pan of the Property is subject to a tien which may attain a prionry over chis Saurity Inscrumenc,
<br /> Lenda shall give Bottower a notice identifying such lien.Borrower shalt satisfy such tien er take one or more of[he ac[[ons se[forch above
<br /> within ten days of tha giving of the notice.
<br /> C. NO710E
<br /> Uniform Co:enant 14 of the Security Instrument is amrnded to read az follows:
<br /> 14. Notlu.Except for any notice required under applirable law to be given in another manner,(a)any notice to BorroNer provided for in this
<br /> SecvritY Instrumrnt shall be given by delivering it or by mailing it by Crst class mail to Borrower at the Property Addras or at such other addras
<br /> az 8orrower may designate by rta:i��e to Lender as provided herein,and(b)any notict to Lender shall be given by first clus mail to Lender's
<br /> . � addras stated hrntin or to such other address as Lender may designate by notice to Eorrower as pro�•ided herein.Any notice provided for in thi�
<br /> , •• , Securiry Instrummt shall be deemed to have been given to Bortower or L<nder whea given in the manner dcsignated herein.
<br /> �
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