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�_.� . . ' �;"it r.�l'4r � •;..�"�` _� ��r- �/�� rt-.,� " . . . _.- - � ----.. �" _ - " r�=• ,� . .. _ - - _ - - --- � ----�i --�� -_ ---- - .�er , . • 1►. r ' �1t . �� '-""°-°"�'-""�-° ' AfJJUSTALtL� RATC �IIDER (1 Yerr Tn�Mrr Ihd�x—K�l:C�p--Fl�ed Rale ConvusioN O/UoR) J TNlS ADJLISTABL�RATB RIC3fiR Is m�de�hls 'JOth d�y oi ,,hx� . 19 94 ,and{s Incorpor�ted Into�nd th�ll be damed io amend and tuppkm t ths Mort�e. D�d of Trwt �r�rcurltv tked(the"a�curlty Instrument"!of tl�e��me dxtt�Ivcn by Ihe undmi�ed(!he"8arrqwer"D td Kcure - BorrowK's Ad)u�tabk R�te Nde ltFt "Note") to �OI..U�1J5 FEDERAL SAVIN4S dM�( (Ihe "t,endea")of the samr d�te and coverin�the prnperty described in the Securl�y Instrument �nd Icx�taS st: 4227 NOfID I C i20At) E�RAf�1 I SLANQ, NE 68903 - - �'" �i'roptr�y Add�tu� -- THE NOTE CQNTAINS PROV1810N8 A�I.OWINQ FUR CHANtiE8 IN THE INTER�87 RATE r� A��D TlIE MONTNLY PAYMENY.THE MOTE LIMITS THE AMOUNT THE BORROWEfi'S �� ' •• AQJUSTABLE INYEREBT RA7E CAN CHANaE AT ANY ONE TIME AND TH�MAXIMUM ';: �RATE THE 80RROWER MUST PAY.THE NOTE ALSO CONTAINS THE OP'TION TO COPIVERT '`'� THE ADJUSTABLE RATE TO A PIXED RATE. AUl)ITI(1NAL COVENANTS.In addition to the coven�nta�nd��rtements m�de in the Secu�ily Instrument, Bor��ticec and Lender furthcr covenint end e`rer ns followa: A. ADlUSTASLE RATE kNU MUNTMLY PAXM�'NT CiiANGF.59.6250 y�. The N te rovida [or cha c� The Nulc providey for en inittal interest rnte at P P "8 - in the�djustable imcrest rate and the mont6ly payanents,as tollows: 1. AvJUSTABLE IN7B�REST RATE ANU MONTIILY Pj+11lMENT CHANGES (A) Ch�n�c D�tes ��Y - The adJustable Interat rate I will pay may clian�e an the�irst day of � --_ ;� �� ,a;;u��t:.i�a;.::::; :2lts sa�r.!!:!!�*re�!n�s.F�ch datr on whlch mv adiustable interest rRte could cli�nse — is called a°�'h��e D�te." � , ` ' (B) �'du Index � Beg•i�raning with the first Change Dats�my adjustebla tnterest rate will be b�sed nn an Index.The"ladex"is the ��' weekly average yield oa Untted State�Treasury sscurittes edj�sted to a constant maturity of 1 year.u made�vallable - by the Federal Reserve�oard.Tha most recent lr�dex figure availabie es of che date 45 days btfore each Change Uate �;�.,._ is called the"Current Index." �-� - If the Index is nu longer avail�Ute.Q►e Note i-lolder we`s!chaose e new index which is b�sed upon compar�ble t.; r will ive me notice of this ci�oice. ��=�i� Holde ._ information . The Note B _ E:. S.'.V:.••- �. (C? C�icutotion of Ch�n�a `''� "' 8eforeeach Ch�tn ep��e'!he Note Holder will calculate my new interest r�t�,��dding 'r:,y�=- `•{ �,750Q 4i)to ths Current Index. t•`� � - percentage pointa( ��- The Note Holder will lhen roun�the result of this eddition tc!hc ne�reat one-efghth oi one percent��e poini 60.IISli). E .'." � Subject to the limits stited in Sectlon 4(D)below� this rou�?�ed emount will be my eew interat rate unt91 the next : �_-�° r Chande D�te. '� -`'' The Note Holder will theo deter►nine the amount of the manttdy parrtnent thet would be au[pcie�at to repiy the i'�i'r`: � "''� unp�id�rincip�l th�t 1 am expected to owe at the Chanbe Datt M full on the miwrtty drte at my new(ntereat r�te j� .X`� in s+��<<antially equd p�ymet�ts. The result of this calculat3un wtll be the new�mduni oi my month{y pyyme�rt. �;��; -�� (D) Umtts on Interesl Rtle Ch�n�ea T.6250 I•f �� � '` �'��'• Tlie iuterest rate 1 a��ed to pey at the first Changc D�te will not be 6�eatcr th�n �► A �k�f;, �U.Tlicreal�er,my adjustable interest rale will ntver be increascd or decreased I • or less tl�an , • '�'' on any sinalc Cl�ange Date by ma�e than two percentage points (2.0lfr)fiom the r�ye gf�J�erest 1 h�ve been payind -�'• ' for the preceding 12 month�. My iicterest rate will never be g�eeter than y6.which is called � ' the "Mnximum R�ste". � ; (�) Effeclire D�ic of Chtn�es I � My new inte�es�rate will become effective on each Change Datc.l wiiD pay Ihe am�unt of my new monihly payment 5�,>'� . ��:,�rl..�.�:�, begiuning on the Eirct mon�hly paymcnt date after tl�e Changc Date until the amount of my monthly pmyment ehenges � . . <��:�k+�. again. � � ��`;''� (F� Nollte of CU�nRh � � r r -�.r,��;; .: ' 7he Note Haldtr will deliver or mail to�ns c��iotice nf anychanges in my adjusteble Interesl�ate and tha amount � ,.��'t.:•.;.� �• oi my montlily pRymcnt belore the cffective d:�7s of any changc. Thc neaisc wiit include informaiinn�rquired by law - �`�� to hc gfven me and elso Ihctitle nnd tdephonc nomber of A person�vho�vi1)enswer any question 1 r.:r.y have regarciing ; - ;,,;,,;,,,,,, � '�� :s;,` IIIG (101�C};- Q7.'l�_��.. ,�x}�.r..'�r'. ..:�:::. li. Fl.l'�l�lNTERCST I:A'1'E nPTI�PI �-- -"1 �� I�+�!:�':.r-�,tREe4 1 � S � � � �r 1'he Note prav;rics fat the�orevaer's opciot�Qo canvert fresm an e�just�+ble interest rote�vith interost rate limits �;�`, to u(ixed interest rate,as 1'ollows: ; 5. EIXEI�iIVTER�ST RA'�'E CONYERSION U!'TIUN � - °�� (A) Opllon to Cordert Io Fiaed R�le � 1 h a v e a C o n v t ro i o n O p t l o n l h�l 1 c a n e a e r e i s e u u l e s s 1 a m i n c l efault or Ihts Section S(A)�vill not permit me ;�' to do so.The"Canversion Option"is my option to convert t6e interest rate 1 am tequired to pay by tt�is Note from " an edjust�ble rate wt�h intcrest rate limits tn Ihc fixed rate celculated undcr Seclion S(8)below. �. ., The conversian can anly take place on a date(s)speci�ted by the Nc�te Hvlder duriag�he period beginning on the first Chande Uate md endinR an Ilie fifth Cl�anae Date.Eun d�te on vrhtch my adjustable intercst rate can conver� i . to �he new fixed rete f� r�lled Ihe"Conversion q7ate." � .. . iS;'t'.. �"�'c : t11JE3tSYATE AUJUSTABL[ RA7E I1IOEp—At1M PLAN 67--Sinple Femity—F�nnt�Ma�Unitorm Inttrum�nt Fam 3118 1T187 � . •...,-.. '. �• . -..._.• . � ` '�� •tlA�11�en�� v�ae�Taenr ro��as •u�anv�e�oo • �eoo�st> »e� . : � . �V . ....__'_.._�.____ '._:.�._�. . ... _ ._ ____ .