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'�:.1'�' ., , 4��" , ' ' .. ��'. . . . \ � �f\�� .c•r�f!':1 . . � , r A'MIw!MM.•"' . {' r�'!f�!�?.` � . �A.r .IIt � � . . � • .� ��5�°��,� �� t[�E� I ��4-��'�' � . (1 Keu Ti rasury Iadea—lta4e Gpa) 002002 7198 'THIS ADlUSTABLE RATE RIOBR le u�ade th(s 31 ST �Y af AU�UST •19 94 �ai►d is ,, tucorporated iato and shall be damed to arnend and aupplement the Mortgage�Qeed oP Trust or Security Dad(the •`Se�urity Ins7ra�ment")of che snme Ante givsn by the uadersigned(the"Borrowtr")to secure Bo�rrower's AdJustable Rate Nou(the"Nou")co TAt Equit�bl� Buildieo �nd Loan As�oei�tion of flned d�tand�Nebrak�� A Fedlti18�v1nye 8tnk (tlie"L,ender")of the same datc aad coverjng the propeny described in the Secudty iastrument ead locate�!et: 407 S MADISON aRAND ISLANO. NEBRASKA 888Q1-84T7 � [E�ropeesy Adaressl 7'HE NOTE COMTAIN9 PROVI$i0N&ALLOWINO FtlR CHAIN�F$111!THH INT�EST RATE AND THE MONTHLY PAYMENT.THE NOTE LIMITS TNE AtNOUNT THE BORROYYER'S INTEREBT R1�1TE CAN CHANGE AT ANY GNE T[MB AND TNE MAXIMUM RA?E THE BOR- ROWER MU3T PAY. ADDITIONAL COVBNAN7'S.I�addition to the covenants and agreements made ia the 5xurlty Instrument. Borrower and Lender furthor covenant and agra es follows: I�.INTERE.ST RATE ANQ MONTHLY PAYMENT�HANGE4 :i Thc Note pravides for an taidal intere,st rau of 4 e 7 50 %.The Note providea for chenges Ia the intenst rate aad the moathlly payments,as follows: �.[1NTEBEST RATE AND MONTHI.Y PAY1d�NT CH�AINGE3 ��°�� SEP'�EMBER 19 95 � The interest rate I wW pay may chaage oa We first day of . ,and on thai tiay every 12th month thereafter.Each date on whtck�my iaterest rase could chaage is called a"Change Date." (S)'1'�e Iodex � &ginnin�wIth the 1'u�st Chaugc Dau.my ittterest rate wUl 1�c based on an ladex. The"Index"Is the wa1c1Y f�;, averagc yield on United States Treasury securities adjusted to a constant maturity of 1 year,as made avnilablc by t%f the Fuleral R�e Soard.The most rerent Indac fiSure available as of the date 4S days before each Change Dau � is salle3 the"Current Indac.„ :'� . • If the Index is no longer available,the Note Holder wEll choose a new iadex which is based upon cs�mparttble ;;,�i�, imformaEioa. The Nou Holder will give me aottoe of this choice. (�y Cakn4tion oi Chan�ea �y y��u 8efore each Chenge Dau,the Note Holder will calculate my new interest rate by addtug T� �"'" percentage points( 2.000 %)to the Current Iadex. The Note Hoider will tben round ; ,� the result of tbis eddition to the neare.st one-elghth of one percentege point(0.125%). Subject to the Un�its stated ��,: in SocKon 4(D)below,this roundod amount will be rtty new tnterest rate until the next Chaage Date. �� ;, The Nou Holder will Wen determiae the amount of the monthly payment that would be sufficient to npay � °'; the nnpatd princIpal thut I am acpected to owe at the Change Date in full on the maturiry date at my new tnterest rau in substanttally equal payments•T'he result of this calculadon will be che new amount of my monthiy payment. .� � ?i. (D)�imits on Interest Rate C6atges The it�tae5t rate I am roquimd to pay at the first Change Date w111 not be greata than 6.7 50 %or less than 2.75d �Ji.Thereafter,my iatenst rate will aever be iacreased or decreased on aay slagle Change Date by more than tv�ro peroentage polnts(2.0°1e)fmm the rate of interest I have beea payIng for the pnoeding twdve montl�s.My imerest rau w�l never be�eater than 9.750 °10. �' (E)Effative Data oi C6anges '�''�'i My new taurat rate wtll ba:ome effective on each Change Date.I will pay the amount of my new montGly ,�t�,'%'�� payment b�ginntng on the first monthly paymeat date after the Chaage Date unu'i the amount of my monthly pay- ;: ment changes again. �' ,��t�� (I�Notta or Cban�es � Ttte Note Holder wtll deliver or mai!to me a noNce of any chaages in my interest rate and the amount of my monthly Qayment before the effxtive date of any change.'fl�e notice wUl include iaformation required by!aw to be given me and atso the title aad telephone numbPr of a person who will answer mny questton I may have ngazding the notice. :". B.TRAN9FEit VF TE�PROPERIY OR A BENEFICIAL INTERFST 1N BORROVYER , Uniform Covenant 17 of the Security Instrument is amended to read as follows: Te9astv e!tie PanOertv uT!�*'��I�IlRSt ID BORORH.If all or any part of the Property or any taterest .,,;n. � in it is sold or transferred(or if a beaeffdal interest in Borrower es sold or transferred and Barrower is not a naturat � �� person)without Lender's pdcrc�vritten consent,Lender may,at its opiion�requIre immediate payment in full of alI sums securtd by tt�is Secudty Instrument.However.this opiIon shaq not be c�cerctsed by Leader tf exercise is prohibited by federal Iaw es of the date of this Sec�rIty Instrument. Lender also shall aot exercise thts opt�on if: (a)Borrower causes to bc submitted to[.ender information ccqutred by Leadec to evaluate the intended transferee as jf a new loan were brIng made to the uansfera;and(b)Leader reasonably determines that Lender's security • '.�, wUl not be impaired by the loan assua►ption and thai the risk of u breach of any covenant or agr�ement in this Securt- ty Instnsment is gcce�stable to Leader. ' To the cxtent�►ermitted by applicable law. Lender may chnrge a reasonable fce as a condition to�.ender's con- �tnt to the loan ossumption.L.ender may also require the transferce to sign en assuraptIon agreement that is accept- able to Lender and that obligates the traasferee to keep all the pmmises and agraements made in the Note and in thts Secudty instrument.Bor[ower will wntinue to be obligatcd under the Note and this Securlty Instrument unless Lendor rcleases Borrower in wrItiag. ::�+�,,,..,. ,. • � . �`� . 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