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<br /> -;�:. '�' � � - ` !9 9'�� ,an�ts[�coigontted t�to nnd��itttlt 6s�deei�=a to aam�rid mzrd auBpleat i�i!►e�lntt�t�.Qce�oi'�ftae;
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<br />- - �a':Sccwity O�ed it4�e"&ecu�ity lastrc�ment"��T th�aame dats�iv�n 6y��e�de ' _ed t�@"g��wer"�ta s_c2u�e:� . _= —
<br /> . � � ..' H�nbwu's Adjustabfe��tx Nota(tit�.'•i�to4gf')to � � :. . . � . ' � E =_
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<br /> -- =-�s -. ------ GDLOMBIJ� P�BRAL S�1VItif�� �t . ,. ..'� . , ...:._ �t�ir•'�adx�"1�tlRae:: `
<br /> �� �. . � sarne date aad coverInB ths peaprrty descdbpd iq tfie•ae�udty tastaumen!s�t�tocnteaf a4: ' >; �s� � _ -_
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<br />__ . � . 422? CALYIH DRIS�� . � . � � GRAI�D ISLIIHD. NE .68801' ' . � �`'� _--
<br /> - • ` ' � (Roperty Addrds� � . � . � , �� °-
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<br /> �; ` � � TNE NQVE COI�TAI�!lS.PROVl310NS ALLOWiNO FGi#�HAMOE$fN 7NE iNTEREl�T RA'�E+.?_. °_
<br />=- ' ! • ' QNO THE M�N40�iLY PAYMEN'r.�THE NOT�LIM1Tl�THE A�4AOUNT tHE 80HROW�i!'8��` _____-
<br /> ,, s . .... ,ADJUSTABLE tlrl'fERE3T RATE CAN CHAH�E AT pNY•ON�T�Mg ANQ;'tHE MAX�MUMl;. __--
<br /> . _ . t. RATE THE BaAR�WER Mt�ST PAV.THE NOTE AlSO C011iTA1NS T�i�O�t1A�f:�D CONV�Ti,: _
<br /> � � YIiE ADdUSTABI.E EtA'P�T�A FIXED RhTE. • � . . ��`�;r;_,�< �. � _ —
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<br /> � AOD17'tONAL COVENANTS. in addittan to the covenants and sgroemest�cnaide in the Stcwlty tf{s�tc�; �_ _--=!�--
<br /> � ¢on�s+ver and l.eader fureher c8venant and agra aa foltowa: � . ':';-�= �m=-.�°--��-��-- -_- -
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<br /> . . .. " .4 . � ' . � • . . . . , f:•, . —
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<br /> , , ��--�-�--- �-- - A:-��1WDSl'ABL-E-RA1E-AND blONTH4Y-PAVIVIElUT-�EiANGE9..--�-----,--�`- =--�=---. ..._ _ �- � - --.. . � —
<br /> �u� � �.875Q:'.:.:�.;.. y'"�
<br /> � , 'i'he[�Iote ptovtdss[or�n initia!interest�ats ot a93.The Nate prav��tfv;�e� �-
<br /> . . �'tbe adjusia6le interest rate aad.the montUiy payments.as[oltawa:, - '' �'`;`�':;";: '--_
<br /> _ ��' ' � � ?f, , �`�`� ���
<br /> `< _ - _ . � . � . . , o . . . � ��'��;-.
<br /> . � b:ADdUS1'ABLS lNTERFST E3ATE AND M NTHI.Y PAY!`A�VT CI�l��E3
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<br /> _ _- -:i- , (A)C6aage DAtt�� i . _ .. .. . _ . , F ;�:: . , _- �G
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<br /> t, ;,,.,. . �:�. , The a/ljusta6te lnt�ti rate 1 w�ti pay may change on th¢ttre!�k�y t�t �ij�n� •:+r,�, ,�� � �. � .
<br /> .. -- - �t� s3 .and on iha�dsii�every IZth montb tRaeatter.Each dat�an witidxtib�+at�vsta.����est�tc soul'�riyanga � s�.
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<br /> _ . 'Is calted.a .(�ange Date:" , ��:;- . . ;`
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<br /> . ,',, (�)7'Ite ladex ,. .� .�' � :"�. +�.
<br /> ,�"_ Beginning wtth the first Change Date,my adJusta6le intertst rate w1f1 bt based on an Indea.The"ln$i�c"Qs 9he �` ��,.. ;:.�;:� -
<br /> - ." ' wakly evuege yidd an Untted State�Treasury seeutitta adjusted to a eonstant matudty of 1 year.as m�`�vai��ble `� �
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<br /> ��(�: by the Federal Reaerve Ha��d.The most recent Irtdex Cigurc avatla6ie as ot the datr 45 days be�ore each�ihas�e 0ate �,�. r1�,,T
<br /> - -- - � - - � - $i is called the"Current Index." `. . � �` `:
<br /> . .�,j..t ':` . ��,�' ,. �yyy.i ae=..:
<br /> li thr Index is no tongu available,the Note Holder will ehoose e new (n¢eac whicfi is 6asxd upon c��bQe � f �_• -�x..
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<br /> iniormatton.The Note Holder wiD give me aottce oP this c�atce. . j ��� ���;.; .�
<br /> �,. � � . . � � �''�' ��� -_ --
<br /> .�` (�Calcuiattoa oi:.t�'oAnges f g'����� .,�. _-
<br />- _ _ �P:,�� Before each Chaa�e fiF�te.the Mote Hoider wi{i catculatp t�sy a�tntcrat mte 6Y adding ; t° '� �°
<br /> . ;��
<br /> �� 2.7500 � 2.7500 �)to the Currsn�l�da�c. � L .� �,�
<br /> ;L��; perantage potnts( ,.:•� . . ',��'._<
<br /> ' . • �;�i��. . The Note�iolder witl then round the rauft of this additton to the aeattat onaeightb ot one percentotae poIM.�:IT.f�D(r): ���-�.�
<br /> ' '''- Sub ect to th�Umtts st�,try�in Sectlon 4(D)below, this rounded amount wfll be my new iz►tecat rate uatd@i ktre aeat ��` " �"'�'"'` ��
<br /> . . ,c: . ;,, 1 .. . �,'�... .:,'. ��t�.�" :-
<br /> ,:,;�'.:;:�.,. .��'� . ' �:hange Date. ,. . , ,��t•>{,>;�_5.:. _ :�-��-.
<br /> �`��1���%:;,; ���� ' The Note Holder wi(E then determine the amaursG ot the montht ayinent thet woutd 6e sufficiajt li��pciy the tCf��'L�'f,. . ��'`r � �-
<br /> , . �.r�,l.. "- Ty� 1���,'!ut I
<br /> s�`;T, .� . .. � _-,!�:.-'�:> . • �' unpaid pdncipal that 1 am ex ected to owe et the Chan e Date In Tull on the matud date at my ae�t��t�at rmte , ` �r`'s�;''' r.Z.'�J
<br /> � , p g � � t -��;�`,,,,'
<br /> .s���'"� � i n s u b s t a n t i a l t u a l a ments.The r�sult o:thSs cktc��tatton wi11 be the new nmount of��s�c�tdttg p�yrmxnQ. ..� � �� °
<br /> - = r.•:y _ 9W P Y � '"f'�`.• .
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<br /> .. %� � (D) Llmits on laterest Rate Cfnu�a • � '`' �`�"E`�Y�':
<br /> . y ��Y,,_.
<br /> �., :{• ,;�� , �5:�4��?�� ,kt'�.:= `
<br /> +� , � ;' The interest rate 1�er��uired to p�y sl�hr f rEfi Chan$e Date wtli aot be gnater than ,, , . !' 4'e ���.�s�.'<�f,�:':�� � , ,�.,
<br /> ..�t�..,�. �. t�, �.:,�ti r;, . .
<br /> `` - - '°�i��;;::r ' : `.;:1 +�r l e s s t h a n s ,4 3:T h e r e u f r�x.m y a d j u s t a b l e i n t e r e s t i a t e w i l i a e ver b efiicre�5�3�d�ceas� E : � �
<br /> .�,� .
<br />-.,;,t� .� � �.. � ���� ' � ,on any strt�e Change�!`a3e by moie U�srt�lwo percentage potots'f,�.Oqe)from the rate of enl.es�st 1 bave bben�Qying s :� � . : ' .
<br /> �� �''�,1 Por the pre¢eding 12 months.My interest rate wili never be gre�'.r.3tan 10.8�5t# s�,�Wh{��;���`� f
<br /> I,� ,,,:;�. i �;i• ,.;: the"Ma�imum Rete". ; �� .
<br />- ������ ;���•� • (� Etieciive Uate�rC Changra
<br /> �'�r':i,'•:i:�� ,;.� ��t_". .
<br /> • • •••��-%•- � My new intetest tut���ill 6ccome elfective on each Change Date.l wlli pay�he amounl of my new mQni�ity pay�aem �, .
<br /> , ;:, . ,
<br />� ; �: � .;,, beginning on lhe lirst inQntldy nayment date aR4r the Change tJ��s until the amaunt of my rno�zthly pa�c�rent chamges �;
<br /> : ,,.;:''' again. '.� ' ' � , % � . .
<br /> . -u ': ,;;�, (�1 t�utt�cs of Chun�es ' ' ' s
<br /> ' ^`�`"'y The Note Nolder wilf tft:liver or mail to me a nhilce of any c9�angts in my adjustable laterest rate artJ�tFi¢at�ount� �. ,;,5,,�
<br /> �(.,I�;..jl�l�1'1f..'1 !'��:',�
<br /> , ,y„«..,, :,;. ��
<br />-_ :�;:;���t;;,;s„ ',_ �~ . �tif my monthly payment•ls�'ore the etfective dateaf gtoy change.i'he notice witi incfude infonna�ion�eqt��ved by la�v .
<br /> � � $�';`':r:1'�°s�'' ''�� to be given me�nd atso the dtle and telephone number of a pe�son who will answtr any question 1 may hatie regarding f �
<br /> '�:�' <<�.. .,, , the notice. � . �i
<br /> ���;�,��y `3���;�:''``. ' �• t3. FIXED INTERF.ST RATE UPTION . j ;
<br /> :'.=� L�,z,.,7t,;,; . ,
<br /> ��., ..,,1';,;h.
<br /> '° ��!��'' I!'r�"� , The Note provtdes for the BorroNer•s option to convert from an adjustable interest rate�vitb inie�tst r�t�limits � � .
<br /> - ` 'i'��` ' � to e tixed interest rate.as follows: .
<br /> .':� �..,. , .
<br /> 'i .,i�,s.' � . S. �rIXBD 11VTEItE87'IiA'i'E CONVBAS[ON UPTION : : .'
<br /> tA) Opltoa tv Converl to iixed Rate ,
<br /> 1 have e Converston Optton that 1 can exercise uniess 1 am in defautt or this Sectlon S(A)wili nat pemtit rt�r
<br /> � - r} to do so.The•`Conversion Optton"is my optton to canveri the interat cate 1 am required to pay 6y tfltm�tote frorn� ��
<br /> ' '� .' an adJusta6te rate with interest rtite limids to the fi�ced rate aa�calated urtder Section S(B)6e1ow. •
<br />- - -s---__-.—-- TEic coa,reraiaa esn anly es&r place cn e date(s)sQedtF�6�!►tht 1KQie�oi��r dc�ring the�ia�h��a��€rtg vs�� _. ._ ._.
<br /> _ .
<br /> ; � - �he firs�Change Date and endtng on Ihe fift6 Change Oate.Esch date on whiah my atdjusta�te interest rate can�onveQt�
<br /> . to tiye new t'ixed tate ts talled the°'Converston Date."
<br /> MULTfSTAlE ADJU3TA0lE 811tE HIDfR-ARM QLQH By-SingTa FmruTr-Famtt�M�t Ihslfmtn ftistnrtttant iarm 31/911lFIY- : � .
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<br /> , k r�,�. _ � �9A,�ef»> vmua�rw�►�mis•n+p��rao•ieoa�e=���
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