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<br /> " `. ., .. . � . . AD�USTABLE AA►7'E RID�R �4� ���'�
<br /> (f XauTre�eurylMlex•RueCape) .,
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<br /> =��`� • T}�lSA�IlJ�yAHL1�IiATiL'RIIIERi�nnAat�h 3n�.�_.Aayof.. _--_�UNE_-_-- - �9 9�S ,
<br /> -- nnd Is inmrporated Into�nd�ht�Il fle dcrmed tu amend end�uq�iemrnt tho hlon��go,I)tcd ot T�•twtt,or 3tcudtY petd(tho'•Srcurlty InitrunenP')ot
<br /> ' tM taiae d�te tiren bY�h�ut►derd�ned pht"Bottowet")lo taure Bortowsr'1 A�a�ttMe Rate No1a(tht"Not�'7 to ., �
<br /> �bQ(the"Lender••)ol th�wnte datm u►d covertn�tM properiY d��in thrr SecuritY Inamiment aa6 lar�ted�Is
<br /> �-____-__ ,__________, 115 �EACHUJOi7fJ DFiIUE, GRANO ISLAND N� 68803
<br /> (PropertyAddraa) °-.. _ .------- ,
<br />�*� 'C9tlr aote eoaWM �o�blur�Yowtp tor eAs�J� ely I�hta�nte aM sy ooallhr —
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<br /> �y�a.nb�n�ko u.ta�w��t.�r�•tere�nu a■etuwp s��rr o..u..a,a
<br /> -'�° Ww tk wiNw�w ni tM�ud��wnut�wt MY.
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<br /> ADDiTIIQNAL COHENANfS.In nd�tdan ro the covertentd�nd agcemenu madc in.the Secudty Iastrument,Bonnwu nnd knder __
<br /> "' f�rthercovenantand ajrceu ioUowe: .
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<br /> A. INI�T RATE AND MONTHLY PAYMENi CHANGE9
<br /> The Note provfda for an iNd�l intuest rate of �•�Q ni►.Section 4 of the Note provides for chiu�ga i�tbe interest rate and the
<br /> ';; monthry psyrtKats.u followa:
<br /> 4. lNTB1tE.ST RA7�AND M01Ya7flLY PAYMEM CNANQES �
<br /> (A) t�s�eData
<br /> 7fie intaest rue I wiU pay may change on the fl�st day of JULY �ig 94 ��d����y�try
<br /> � •}N� � 19 months thereafter.Each dauon whic6 my lnterat rato could ch�nge is called a"Change Date." .:�,
<br /> �:_
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<br /> BeYinain��etth the first Chaage Dau.my iatenat rate wiU be based on u►Index.7'hc"IadeR"ia the wakly average yldd on Unitod States
<br /> Trqisury securiflea tdjusted to a conatant maturity of 1 year,as made aveilable by the F¢detal Rume Board.The most aoent Indr.�c fi�ve _
<br /> , ' av�ttable as ot the due 43 days before each Chango Dau fs callod the"Curreut Indoa.'• —
<br /> � �'�� �' It th�e Iadas fa ao longer available,the Note Holder wiil choose a new Irtdex which ia based upon comparable intormadon.The Note _
<br /> ° � t"� �+ Holduwlll�[vcmenotiaeofthiachoia.
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<br /> d S+_,j:�'Tl" ; �C� Gk71ttl0!Of Chis�a _
<br /> -- "`„' • BeFore�h Li�n��3ate.the i�te H�t@a wU{�akuiate r�y n�v tatsutst tats b-��i.�+s TU10 AND ONE-HALF ���
<br /> , •• • ' :� +8
<br /> �• •�; potnis! Z•5 �➢Y)to the Curnnt Iadac aad rounding to tho nearest 1/Sth of t No.subject to the Umits etnted in SaKion 4(D)below. -
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<br /> .. ,.,;;.: .� �y�`p Tdfa rounded amoant wiU be my�ew interat rate untll ehe nert Chango Dnte. - �
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<br /> �• �.,.���_`��;�`9�� 71►e Nou Hotder will then cletermine the amount of the monthty�ayment thut would be suh'J'iclmt eo repay in full the prinapal 1 em ��==
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<br /> a y'�;,�,�.�� pcpeeted to awe oa lbat Change Date in substantiaDy cqual payments by the maturity date at my new lnterat rate.Tbe result of thi9 calcul�don �`;=:`
<br /> . " ',.l,;,t�� r;;�(�� wiU be tde aew amount of my a►onthlY W�Yment.
<br /> . :��e� .F ���'�,%+�,~�.._.��r�Y''rA; .':.
<br /> _ ' ''i�+�y��,; (D) Limib oa Iitcnst Itate(�Reia �.,;
<br /> •,+ j�y,Y�;•L•:,;�,,.�- 'Ihe�iOnterat racc I aia rcquired to pay at the fint Chunge Datc wiQ not bx greater than 8.00 %,����
<br /> _ " ',��;,�,;K y,. ° a 7 i.T h e rc a f t e r.m y i n t e c e st r a t e wi ll aev e r be tnc�eased or decreased on nn y si n g le Chaage Date by more than
<br /> � �"' +�rr..cjr-•.�::i�. .��_from the rate of interot t hava bcai paying Por the preceding twelve months.7'he minimum interest rate on this loan wlil nerer be
<br /> , .. ' ..,�....... ..,;��•Y 11.00 %.
<br /> , t�s.••�. =•,•-��y (ass tl�an 4.� 9i and the ma�dmum interest rau will never ba genter than
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<br /> "y' � , y„�„�,s Sk.'� (El EtteWveDtteOlCSanan .
<br /> . �,�.y,qy„y_�,•:<��,.:. My new inurat rau will become effective on each Chaage Qute.1 will puy che nmoant of my new monthiy paymeat beginning on the Grst :.�.:,�'�
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<br /> �,.o.�', � a..•r-,� mon2�hly payment date after the Change Date und!the amount of my monthly payasrnt changes again. � �•�
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<br /> .�A"''•`' (P! Notloe of/.����
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<br /> n��,�,• � :_ 'fhe IVote Ho18r.r wiU mail or dellvcr to me a notioo before each Change Dat¢.'Ihc notice w1U advice me oL•
<br /> `�!,F.y��� ' � , (i) the new interest rate on my loan as ot the Change Oata;
<br /> ;�; (ii) the aafouat o1'my monthly payment follow(ng ttte Change Date;
<br /> ''`i i�� ': �' . (i1i) eny eddiUonal matters which the Note Holda is reqnircd to diaciose;and
<br /> , � � ��� ;. (iv) the nddras of the assoclallon you could contact regarding enY Questions about the ad;ustment notia.
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<br /> ,-,r.:�.: . �, 8. CfURGFBi LIL+NS
<br /> �' F�:�:��rx.:. • Uniform Covenu►t 4 of thc Srcur[ry lnsuument is amended to read es foUowa:
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<br /> •r;�N ." . �.(:6�t�d=I1en.Bottowu shall pay ell taza,essessmenu,aztd other eharga,�nes.and impositions attributable to thc Propemj which may
<br /> f'�:::.;
<br /> • ,�''' ' ' ; ,. aualn apdodty over thte Sccudty Inatrument.and teatehold payments ot grourtd rents.tt any.in the mrmna provldcd unda paragrapA 2 hereof `;�"'�
<br /> `:r� •...., .r:?,\�s or,if not patd in sach manaer.by Borrowa moking payment,when due,directly to the paya thenrof.Bonower shall promptly turnish Lenda �`''..
<br /> �r. �t:, �•
<br /> � • � :;•,r,�- all notias ot amoums due under this paragraph.and in thc event Borrower shall mcilcc payment dlrectly.Bonowu sNall promptly fuMsh to i,�;;,,
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<br /> : Lender reoeipta evldondng such payinents. Borrowe� ahall promptly dischaege any lien which lia4 pdortty over th(s Security Instrument; F.,,�,.;
<br /> .~1�'�:'�•'-� ° howcva, Borrower ehall na�t De requirod to dischargc any a�ch tien so long as Borrmv�r:(a)ehail agree in wrtdng to the payment of the t`'u'
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<br /> ^"`"�'�•�'`'���^� i�tion aecu�tW Ay atur lien i»tite manner aooeptable to Lendsr;�a)shatl in ood faith contest sueh lien by.or defend against enforce+ment of �
<br /> ...�•_�r`; obl 8 ��.,�:�.:
<br /> ��"�"�".i ` ' , sucA lien in.iegal pTOaedi whtch in the o inion ot Lender o rate to revent tf.e rnforcement o!the tien m forPeiture of the Pro rt ar any �
<br /> - µr_.. . . .;- n8s P P� P P� Y �,
<br /> •� , '%Y� put thawt;or(c)ahall sccure from che hoider of such lien an ng�ament ia a form sadsfactory to Lenda su'bordinadng such Iten to thls
<br /> Y_:�, _.... Se¢u:ity instmment. (.,
<br /> � '�� it Lender detemtines that all or any part of the Property is subject to t►lien which may attain a priority aver thts Securiry Instrument, i�' .�'.
<br /> i'
<br /> .. . I; .� -- -- � G.CIIIf�Cf![IHII�YE II(IifONLT H RQIICC IQCRUfrI[I$6QC11[iCil. DOfFOtKf 3nuii saiiai)aii�i�iiw�ivi iowc viic vi uavic vi ii�o d�uviw eci iviai�a`virn� ---..
<br /> , wlthln ten days of the giviag of the notfce. �
<br />..�•s, _�
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<br />. } -<. „ C. NOri'ICE �
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<br /> ; . �Jnlform Covenant 14 of the Securiry tns�rument is amcnded co uad as tollowa:
<br /> ?1't..; � • } �' 1�.Naftoe.F�ccept for any nottce requircd under applicnblQ law to be given in another manner.(a)any notice to Bonower provlded for In thls �..
<br /> � ' � � •• Secueity Instrument ehall be given by deQvcring it or by maiUng it by fint ctass mail to Borrower at tAe Propeny Addras or at such other address
<br /> � ` �� � es Borrower may daignute by ttottce to l.ettder as provided harein,nnd(b)nny notice to Lender shntt bs given by fint c�ass mat!to Lmder's
<br /> � ` • �'F�'`� '• address etated hercln or to such other nddress a�Lender may designate by notice to Borrower as provlded herefn.Any notice provfded for fn this
<br /> , .�. ',�y��' •� Stcurity Ittatrument ehttll be decmed to have been giwcn to Borrower or Lender when given in the manner daignnted herein.
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