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<br /> ' � . ADJUS�'ABY.E RA,TE YtIDER ��° a.0�1�3 _ 1 .1 �. �"�
<br /> . . . , Q Y�xr Trra+ury Index•Rate Caps) .
<br /> � :,„ .,y��"' THIS ADJUSTAH�.E RATE RiDER is mede tMs 13 day of �'KIL ,19 9� � .." „ �__
<br /> nnd is incorporated into and ahdl be deemed to emend and suppiement the Mon8u8e.Dad of Truat,or Sceurliy Deed(the••Secudty Instrumrnt")of
<br /> the same dat<eiven by the nndenigned(the"Horcower")to saure Bonower'e AdJustabte Ratc Note(the"Note")to HOM�F�DEiIAtJQRANp �'�
<br /> . � 184AWI1 tthe"l.ender'q of tl�e came date and covering the propertY descdbed in the Saud�y Instrumenl nnd locaied nt: ��,.--
<br /> ��•,_
<br /> • . ��*;-
<br /> 1516 N. �RAND ISI.ANA AVENUE, GRANA ISLAND, NEBRASKA 68803 �'�
<br /> (Propt►ty Addtess) : � ;N�:••:
<br /> �� .�.,;:�s:
<br /> � itRs note oontnins provtsioae a00owinp Poe cdaages ip eny ��nt¢rest nte and my monlbC�r �' �.,'yF�; '
<br /> pAY�tllIIfB.Tdia aote at�o itafita tQae umonon my latxrest rnte cua cbaoge at any one time and �'�}
<br /> nlso t6e minimum a�d the ma�dmum►�te 1 must pay. .�
<br /> `'' ADDITIONAL COVENANTS.In addition to the covanants and agramentc made tn the Security inatrument,Borrower and I.ender
<br /> funher covenent end ugree aa foitows: .. " '
<br /> A. INTERFST AATE ANA MQNTHLX PAYMENi'CHANGFS ::
<br /> ' • ' The INOte providee for an inttial interat rute of—S.L�--%•5ection 4 of the Nota provides for chnnga in the interest�ate and the
<br /> _ �
<br /> . ... monehlY pnyments,as toltowf: � .' .
<br /> �M
<br /> � �. lNTFREST RATE RIYD MONTHL Y PA YMENT CNANRBS • � � �'
<br /> - �� • tA) CAanpDsta �Y I , . • , (1 s
<br /> ' � T e nterest rate I wl�l pay mny chnnge an the flret dny of ,19 95 ,and on that day every R '' �g"
<br /> �� m o n t h s t h e r w f t e r.E u c h d a t e o n w h i c h m y t n t e r a t r a t e c o u l d c h a n g e i s c a l l e d e"Chan ge Date." .d'�
<br /> ' '�.
<br /> (B) Tbe Index
<br /> BeginninB with tfie lirst Cfiange Date,my interest ratc wlll be based on an Index.The"!ndex"is the wakiy average yield on United Stata � :
<br /> Tteaaury setudties adjusted to a conatant maturity ot 1 year,as made available by the Federal Raerve Hoard.The most recent Index figure 4���
<br /> available as ot the date 43 dnys before each Change Date is called the"Cuaent Index." '�' ''—
<br /> If the lndex:s no longer avallabte,the Note Hoider w111 choose a new index which is based upon comparabie informacion.The Note '' �����,—.
<br /> --- -- � � Holder wtU give me notia of ihts cho►a. � -� ,)��'' �
<br /> '':,"i, •.'':;,1:
<br /> (G� CAlcniadon of�Iwngea 'IWO AND ONE—HALF • •�` �� ' �'
<br /> � flefore each Change Dato,the Note Holder will calculate my new interest rate by adding percentage � t�' ���'•.
<br /> • pei¢eesl� 2.50 %)to the Currcnt Index and toundi�g to the nearest I/Sth of I%,subject to the limits stated in Section 4(D)betow. '�� ��',,i;�,(i�:
<br /> ' 7U1s roanded Faaaunt will�e my new interest rate undl the next Change Date. +:', ,;'��. .:
<br /> ' The Note 4lo�der wi11 then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am .,;;� . •
<br /> expected to owe on that Change Date in substantially eyual paymonts by the maturity dete at my new interest rate.The result of this calculation .�•�t:`jj;��••I � •
<br /> will be the new amount of mymonthly payment. ' �. �'"�`r`��
<br /> 1 i ;st;i,��`t%�'�
<br /> .,i;;:�1�. . (D) LmitaonlntereetRo¢aC@aa�s ',�` .•.�ri��,�f;� ,.
<br /> ' �;,, The lnterest rate I am required co loay at the 6rst Change Date will not be greater than �'� % r less than � . � •k ,?�{ �:;'
<br /> '�'� 3•� %.Therea(ier,my interesc race�vitl never be increased or decreased on any single Change Date by more than �� � :�j+l,: :
<br /> , },��•,:�;r 2.OZ) i . .. �, ,.
<br /> ,,,•'.,�.},•, ,� from the rateot interest 1 have teren paying tor the preceding twelve months.The minimum interest rate on this loan will never be � : 1,i��. ��.
<br /> Itss than 3•� %and the maximum mcecest cate wili never be greater than 10.0 %, � } '"f'�z
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<br /> ' QED Ettective Date otCdan�¢s � '�� ' {
<br /> ,�'���; Mp new interesL eate will become ef[eceivx mn each Change Ba�x.t will pay the amount of my new monthiy payment beginning on ihe first I
<br /> • month{y payment d�se nic�the Change Date urz�l.he amount ot my monthly paymer,t cra:�es again. � �i
<br /> ':'. (F� Nodce oV��unga � , �
<br /> :,�..,. � '�.
<br /> ��•�.��.�;' � The Note Holder wUl dail or detctier:o me a nocice before each Change Date.The notice wiil ad4:se:ra of:
<br /> .�.V'�:�.��;:. • � �'� ..���
<br /> � ,�, ; (i) the new inttrest rate on my loan as of the Change Date;
<br /> •�� •- • .4 (ii) the amountof my monthly payment following the Change Date: ;. ,���
<br /> . �' {iii) any additional matters which the Note Hdder is required to disclose:and � - ''���';;'�'_
<br /> (iv) the addressof the association you could contact regarding any questions about the adjustment nocice. •
<br /> '��• ;.i.,�,;'s�
<br /> B. GHARGFS:LIENS � � _..;,�..
<br /> Uniform Covenant 4 of the Security Instrument is amended to read as follows; �- :' •"�
<br /> 0. C6orgea;IAens.Borrower shail pay aq ta�ca,assessmenis,and other charges,fines,end impositions attributable to the Property which may � `•�
<br /> ' sttafn a priority over this 5ecurity Instrument,and Ieasehold payments of ground rents,if any,in the manncr provided under paragraph 2 hereof l
<br /> ' or,if not pafd In such manner,by Borrower making payment,when due,directly to the payee thereof.Borrower shali promptly furnish Lender
<br /> all notica of amounts due under this paragraph,and in the event Borrower shail make payment directly,Borrower shall promptly furnish to
<br /> • � Lender reeeipts eviden:ing such payments. Borrower shall promptiy discharge any lien which has priority over this Security Instrument; �
<br /> however,Borcower sha�! na be required to discharge any such Iien so long as Borrower:(a)shall agree in writing to the payment of the
<br /> obtigation secured by such ikn in the manner acttptabie to Lender;(b)shatl in good faith coniest such lien by,or defend against enforcement of
<br /> such lien in,legal proccedinas which in the opinion of Lender operatc to prevent the enforcement ot ihe lien or forfeiture of the Property or any �
<br /> pan thereof;or(c)shaU saure from the holder of such lien an agreement in a form satistactory to I.ender subordinating such lien to this '_�
<br /> � � Security lnstrument.
<br /> !f Lender dttetmines�hat all or any part ot the Property is subject to a lien which may attain a priority over this Securi:y Instrume�t,
<br /> . . � Lender shall give Botrowet a notice identifying such licn.Borrow�er shall satisfy such liert or take one or more of the actions set fo�th above
<br /> . �`�� , w(thin ten days of the givingof the noticc. �
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<br /> � ; �'.,.:�t, C. NOTICE �
<br /> _ ',.�
<br /> Unitorm Covenant t4 of the5e¢urity Instrument is amendcd ro read as follows:
<br /> 14. Notltt.Except for any notitt required under applica6le 1aw to be gi�en in another manner,(a)any nutice to Horroµer provided for in this
<br /> Sc�urity tnstrument shall begiven by delivering it or by mailing ii by first class mail ro Borrower at thc Property AdJress or at such othcr addresti
<br /> as BorroMer may designateby notice to Lender as provided herein,and(h)any notice to Lender shall be gi��en by tirst cluss mail to l.ender'ti
<br /> addrcss statecf herein or to such o�her address as Lender may designute by notice to Borrow•er as prorided herein.Any notice provided for in thn •
<br /> ' Security Instrument shall bedcemed to ha�e been gi��en to BorroNCr or Lendcr when gi�en in thc manner designated hcrcin.
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