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<br /> ,� A�IUSTA�L�E �tA'i'E R1D�R �
<br /> �tl Y�sr'I'r�rl.X�c-1�aM�CaMl OQ20Q2T1 19 � - .
<br /> THIS ADIUSTABLE R!!'i'E RIDP..R d mrds thi� 1'StH �►T� J UN E' .tf�; ►ad i� ' '
<br /> �---�----� lAr�sgs�r.:tC�!iato:.a�ah�Ir�dc�st-d t�e*�r�!r*t1 a».�,�. ►�nt t�Mort•�!e�itood�of Trwt�rx Sen►r�tY IIyo��t'�w. .
<br /> •�Secueity Imaument'7 0!tbe wme dau{ivm by tb�und�p�ed(tlx�•Ho��o�ar,7 to Mw�re Bor�'�A�d,�wu�bf�
<br /> R4teNute(the"Note"?to TA�Eautttbl� Setldin� tM lo�n Assooittion o4�r�nd l�1����NI�t11M�, A •�
<br /> f elttel StYie�� Itek (�"�•'�of the:aba�a dsu aad coveria�tlie propaty d�ibd
<br /> — in thc Securlty Iastrwbent tad loctted�t: „
<br /> ,�� �OQ7 BRENTWOOD 9WD QRAND I$LAND� NEBRASKA 88801-T252
<br /> [Pronerty Adara�l
<br /> TNE NQT�CONTAIN6 PIIOVISION$ALI.OINlNIA FOR CNAN�ES IN TN�INTEII�T MTIE
<br /> ar AMD TFIE MONTH4Y PAYM�i'T.TNB NO'EB UMR�TH�AMOUNT THE 5011lIONIFR'a
<br /> lNTERE8T RA7E CAN CHANtiB AT AMY ONB T1Mg AND TFIE MAXMNJII�RATE 7'1��05t•
<br /> °-- - ppWER MUBT PAY.
<br /> -- ADDITIONAL C�OVBNAIV'[5.In addition to the oov�nnents attd agraemeau made iri the SacurFty Iosiru�enb
<br />_s: Borrower and Leader further cavcnaat aad agra as fopows:
<br /> A.INTERER'1'ptATE AND MONTi�LY PAY11�P1T CHANGFS —
<br /> , The Alou pravides far an inittal i�►ur�st rate of 4.7 SO hi.The Nou prt►tides for changes�t the iaterest rate and tl�o
<br /> ,' . , mobt6lY PaYmrnte. aa followa:
<br /> 4.lNTF1tEST RATL'AND MONT�.Y PAYMENT CHAN(;ES
<br />_..
<br /> • (A)Cl�sqe D�ta J ULY .199� �and on ttu�t ds�y
<br /> -�' 'I9ie interest rau I wlll pay may change on the first day of
<br /> ._„_ -_
<br /> _ �i2tij u�untSt it�rrafttr.F.srls dsts aa�hicls my iniz�i rar��nntd change is called a•'Chauxe Date.'
<br /> (B)TYe Isdex
<br /> Beglnning wIth the first Change Date,my iaucrst rate wlll be based on sn Iadae.The"(nde�c" Is the weelcly
<br /> ' averagc yietd on Uniud Statr.,s Treasury sceurittes adjustal to a constant maturIty of l year,as made availstbk.by
<br /> the Federat Resesve Aoard.The most rerent In�en P�gwe available as ef the date 43 days befon eael�Chaage Date
<br /> - `�"" is callul the"Currr�Indac." ,'�� : . �.
<br /> [f the Index is no longer available.the Noee Holder will choose a near iadac which is based upon pompairtaib'le
<br />- information.The Note YIolder wlll give me notice of this�1�oicx. �
<br /> ((�Calwl�tio�oi CMas�es .� .
<br /> Before each Change Dau,the Nou Holder wiU celculate my new intenst rau by adding
<br /> - Indac.The Note Holder
<br /> �vlll then round
<br />-� percentage points( 2.000 %)to the Cnrrent
<br /> the result of this addIdon to the ucarest oae�ighth of one percentage point(0.12S�/o).Subject to the limits stated
<br /> ,�Y in SectIoa 4(D)below,this roue�lsd azaount will be my aew iaterest rate untll the aext Change Dsue.
<br /> The Note Holder will thcn determine the amount af the monthly paymeut that would be suffident to repay _
<br /> ' ti�,.�V the unpaid priadpai thnt I am expected to oa+e at the Chauge Date ia tLil on the maturity date at mY aew interest
<br /> rate Ia substaatiaUy�q'sal paymeats.The res�It mf this calculat{oa wlll ba tl�e new amount of my montWY payment.
<br /> ���• " (!IDD 7Limib os Ietereat Rate ChanZes
<br /> •,.
<br /> -� t'� The iataest rate I am�equired to paY at the fust C6ange Date w7�n°t be gneater tha° 6.7 SO �lo or less thaa
<br /> ' ���`�=�' 2.75p %.Thereafter.my interest race wW never be increased or decreased on auy stagis C`fi�ange Date by
<br /> :�y.y�r,c
<br /> ' �-<'a�,��,., more than taro penoaus�e Pointa(2.0%)from the rate of iatenst I have been paYinB for the praoadin8 twelve monfk�s.My --
<br /> ��•�`'���t7� �T %. =
<br /> ,:;M:�',�,r,','�� int�s't rata wlll aevea be thau 9.7 50 _
<br /> � .,�.,:;z:9p`'. _; � (E7 Ef[ettive Date of Chaases =
<br /> • '� >>�. �� • My new tntere3t rate will become effecdve on each Change Date. I aill pay the araount of my new monthly -
<br /> ..}�. ..�
<br /> � '�'��:�::�:�;•`�'` � ''� paymeat bcginning on tht first monthly payment date after the Change Date uaW the amount of my monthly pay-
<br /> ment chanses aBain.
<br /> °•;°'��,;::; .'�, , (�Notioe ot CMngcs
<br /> _��'��,:,�._-:-.i ,� 'i�e Nou Hoider will del�ver or mail to me a notice of any changes in my iaterest rate and the amouat of my
<br /> _ .a�� • montlily payment befoRe the effective date of aay change.The nodce aW include tnformation r�quired by law to
<br /> ��� be�ven me and aiso the tttle and telephonQ niasc►bPr of a person who will aaswer any quesdon i anay have n�uding
<br /> �`;,.�.. ._. _ . the notice.
<br /> - �� $.TRANSFER OF THE PROPERTY OR A BENEF[CIAL INTERFS'T IN BORROWER
<br /> �r.,�r���vp�nr t�nf�e S�cucinr Insmiment is ameaded to read as follows:
<br /> �4, --� ---T-- � --Te�nster ot the Properiy os�Benefidal lntersst[n BorroRer.If all or any part of the Property or any interesc
<br /> ` � '., in it is sold or transfened(ar if a benelicial interest in Borrower is soid or uansferred aad Borrower is not a natural �
<br />_ � ��;K�'-��:.,;;�,;:"° person)wltMout Lender's prIor written consent. Lender may�at ite optFon�require immodiate payanent in full of
<br /> .�,y,.�: �-_?:• �� all sums aeaured by this Secodty[nstrument. Howcver.this option shall noi be exercised by Lender if eacerCjse is
<br /> .t.,. ..�.:_
<br /> �;'_'=;t.s-.,,;..�., prohlbited by federal law us of the date o!'thts Security Iasuument. Lender atso shall not exerctse+this option if:
<br /> - .r k�:r,�?�c'�'"'� (a)Bnrrower causes to be submitted to Lender informatIon required by Lender to evaluate the intended transferee
<br /> �'��,�`�; -�•`-'�= as if a new loan werc b�ing made to the tcansferce;and(b)Lcnder reasonably determines that Lender's securiry
<br /> .ri:. r...s. ... :
<br /> • ,��;� •.��• '.. � wtU not be impaired by the loan a4sumption end that the dsk of a breach of any rnvenant or agree�mt in th[s Secu -
<br /> ;,�:{:: -.:�.�.! , ty Instrument is acceptable to Lender.
<br /> ��' '� '��r..:.;::��'�%- To the extent perrtbitted by applicable law,Lender may charge n reasonttble fix as a condtHon to Leader's con-
<br /> � �!= sent to che loan asslunptian.Lenater may atso require the uansferee to sign an assumption agreement thac is aocept-
<br /> abte to Lender and that obligates tha trunsferce to keep all the pmmises and agreements made in the Note and in
<br /> � this Security Instrument.Horrower will continue to be oblig3ted under the Note and thts Securlty Instrumatt unless
<br /> �� � ' 4ender celeuses Barrow�e�in writing.
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