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<br /> • ADJ[TSTABLE R�1'� RIDEIt t�4�- 1(D"�'�4U
<br /> ' (1 Ya�rTre��ury Inde�-RateCaps)
<br /> ,�•.. ' , .
<br /> ,ti. _ 2ND SEPTEmBER , �9��+__, ; ..
<br /> -. ^_ ,_ TH14 An1USTABLB RATB RIDIIK ie m¢de tht� day at
<br /> � and Ufncorporated into Rnd�h�lt bedeerncd to nmtnd nnd nu¢plement tho MonQago,pad of Truab or S=cudty Deed(thc"Seru�ity Instrumrnt")of ,
<br /> �he a�me dne pvan by thn undenlynM(�he "Ibnower")to saure Borrower'a AdJu�la6le R�te Note(the"Nota")to NOM�FEDEIlALLBA(�jQ .
<br /> �j��(Ihn"➢.ender"y ot the nime dato a�d covrring the prapeny deacribed in�he Security Instrument and locnted at: �
<br /> � ;;"t
<br /> 4608 TARA PL.� GRAN� ISL.ANU NE 68801 �
<br /> (Propcny Address) .'r.
<br /> Tlob note wnWu�provt+toer dlowtes tor ciuintits h my taters�t rate aed enY montbtr
<br /> pwya�e�p.Thla Note Hsu Itmlp tAe�a�oyef�ey leterat nte an chan=e�t any one tln�e�nd
<br /> �bo tba�InUnum a�d tUe au�tA�m nte 1 must psy.
<br /> ADDiTiONAL COVBNANT3.In additton to tho covenants and aQrermenta made!n the SccuHty Inatnunent, Socroaer nad l.eudu „
<br /> (I�ctha covea�nt rnd agrce as foAowa:
<br /> A, INTERE�?RATE AMD MONTHLY PAYMENT CHANGEB
<br /> The Note pmvlda tor aa iNtt�i tntareat rute of 6•� Qle.Section 4 of the Note providp for changes in the Interat rate ruid the
<br /> monthly p�ymenu,u foAowa:
<br /> .�
<br /> 1. INTBR6ST RATE AND MONTNL Y PAYMliNT CHANOES
<br /> (A) ���� APRIL
<br /> �`'�'•� '• The inurest rate 1 wtil�y may change on thc first day ot .19 96 .and on that day every
<br /> a..:.,,..r, ..`".,�: .�
<br /> 12 months thereatter. Each date on which my intercst�au could chnnge Is called e"Change Aate."
<br /> ",: .. �'_,, (d) 1tieUda .�
<br /> .,.•;,;;•. � e
<br /> �,;v a ;; Be�innin�wleh the first Change Date.my intuest rnte wW be baud on aa Jadex.The"Indae"ia the wakly average yfeld on United Statd
<br /> '� � ,^``�'•�` Treuury securltia adjusced to a conatent maturtty ot 1 year,as made aveilable by th¢Federal Raerve Bnard.'The moat reant Index ttgure
<br /> �.��;-.
<br /> �n '"-' ;- avall�ble as ot the date 43 dsys beforc each ChaABe Date ts called the"Current Indea."
<br /> .� �` .,
<br /> ��• rr� ,;; f�-'.` If the Iada�ia ao longa nvailabie, the Note Holda wUl choose a new iadex which Is bas�upon comparable intormadon.The Nou
<br /> �;��:�
<br /> �`,'�,r'�,�'��c" ! ': Halder wlll givo me nodce of this choice.
<br /> ��,�`��4�•. •~ ; (G7 GketaBoa of p�e;rr
<br /> � ,.1«^.�:..�� Beton euh Cd�ege Date,tbe Note Holder w[U calculate my new intaest rate by adding ��i0 AiJL1 tivF-HAL� porcautsya
<br /> E: ''�'` . poS�q r 2.5 ni)co the Currcrt Index and rouading to the neacest 1/dth of t he.eubject to the limtta stated in SecHon 4(D)below.
<br /> � ����:.:�;�,.��,;<�q.
<br /> `'•, .," , ''`�" - ' 7tdn rounded amourtt will be my new intuest tate undl the na�t Change Date. '
<br /> �'�);sSE".����,•�ry.s`�'
<br /> � ` � '"' • The Nou Holdu wUl then determine the amonnt of the montl►ly payment that would be suffident to rcpay in Futl the prindpal I am
<br /> �M;��;'°•wi,..� , ..;
<br /> ' .;�;k,•�.:•'f.::i,'.:1:; acpaled w owe oa t6at Change Dtte in eubstandolly equal pAymenta by the maturity dste at my new interat rata The result ot thia calculadon
<br /> �'`'��.'�.�-' • ,' '�� will be the aew amount of my monthly paymeat.
<br /> 'r .��,yY.:.?':�:,.
<br /> ,y�g:-ti ,� (D) LadboaUtaatRate�aqes
<br /> ?�?±?�¢.,. ��urat nte I am requtred to pay at the fim Change Date wUl not be greater thaa 8.00 %�Q ps �
<br /> 9�.'fhereatter.my iaterest rau wiU never be irtaeaaed or decreued on any einglc Change Date by more thtn
<br /> ��� ,-4��.,. Z•� from the rate of interest 1 have been paying tor the preceding�aetve months.The m:nimum intereat rau on thia loan wilt never bo ~
<br /> '} .t�:�a las th�n 4.OD qi aad the ma�dmum inurat rau will neva be greater tdan 11.00 0�,
<br /> ��. (� Fliative0ate of Clw�a
<br /> � ��"}�''�""K My new intaeat rate wllt become affeottve on each Chaage Aata I wiA pay the amount of my aaw monthly psyment beginaing on ehe qrst
<br /> . �`•"";Ct';'': monthty paymeat date after the Change Dace undt the amount of my manshly paymeat chaaga a8ain.
<br /> ..j:�;:�•� -'i
<br /> , i��'.,.';r'�;:. (� NotkeofChsaja
<br /> �...k.[;`i`..v,:,. n' �
<br /> _ ;� .�,�. The Nou Holda wUt mail or daliva to me i aoUa bcforc each ChanBe pau.The nodce will adviae me of:
<br /> ,, _ , ,..�.., ;
<br /> �'`�;;,'�,i,,...�"4 (i) the new interest rate on��y loan as of the Chuige Date;
<br /> -•� r., ', (ii) the unount ot my moatlsly psyment[oUowiaQ tde Chauge Dak;
<br /> .x:�`�,�.::::.-.:. (iii) aay addidonal mattero wlilch the Nou Holder ia requtred to dlsclose:end
<br /> ����'�'�'�'�`'�`�y iv ehe Rddreu ot the aasoctadon oo coutd conta�t regarding any questtons about the adJwunent nodce.
<br /> � . �' s ( ) Y
<br /> '�" ',.'�:.
<br /> ,;.x:,;,'•i;, ' il. CHARGESi LIENB
<br /> � � "`'� ` UN[orm Coveaant 4 of the S�cudt�Inetnament is aramded co cead es fopowe:
<br /> :�';.' •;'a%
<br /> ,:,. � .� .
<br /> �"�°'•;-. - • • • 1, Ceas�a=Ilem.Borrower ahW pay aU taxes.aasdsmmte,and other ahuges,ttna,an�Imposidone attribucnble co the Propercy whtch may
<br /> ::`:��:.:. - sttaN a pdority over thia Seeurity Inatrumeat,and leasehold paymente of gtound renta,lf any.in the manner yrovided under pan4caph 2 hereof
<br /> p" '�. � or.it not paid in such manner.by Borrower making ysyment,when due.dlrectly to the payee thereot.Borcowa ehatl promntly ftiralah Lender
<br /> 4:;�f'. ' ail nodas oP aafounp due under thfa parngraph,and in the event Borrowa ahaU make payment directly,Honower�hali promptly furniah to
<br /> Lender raeipte evidencing auch paymenta.8orrower ahaU prompdy diacharge any llen which hea prlorlty over this Secudty Insuument;
<br /> '"��;�, ��.�., �:,,,� .s howcv�r.Honower ahell not be nqutred to diuharge nny such lien so loag os 8onowa:(a)shell agrce in wdtiag to the puyment ot the
<br /> fi::�
<br /> ,•�:.;:;,,.;.. oblitttion eecured by sucd liea ia the mannu acaptable to Lenda:(63 ahsll in good falth contat euch lien by�or defend egniast enforcement ot
<br /> -••• �•` auch den in.legai proceedings whieh in the opinion of Lenda operace to prevent the eniorcement ot the lien or forteiture of the Property oe any
<br /> •�•:.,' part theroof;or(c)ehall secure trom the holda of such Iten an ogroemeat in e form sadsfactory to Lender aubardinaUng euah lien to thia
<br /> ,..
<br /> " , - Security Inatrument.
<br /> "' If Lender determiaa that all or any pnrt ot the Property If subject to a llen which mey attutn a prtority over this Secudty Instrumeat,
<br /> • ' � Lentkr ehaq give Borrower a nodce identifying such Ifen.Bonowec ahall antisty suCh Iten or take one or rnote of the actfons set fort�nbove ��
<br /> t� ° . � wiehin ten days of the giving of the nottce. i
<br /> �. ,
<br /> - .. �.::-�-- ( .
<br /> ° G N01tCE I
<br /> � Uniform Covenant t4 of the Secudry Instrummt ia amrnded co read ns fopowa: i
<br /> „� i9.Nottc�.Ezapt for any notice rcqutred ancier applicable Iaw to be gtven In enother menner,(a)any notice to Bonower proNded for tn thla �
<br /> . Security Inatrurarnt shall be given by dellvering ic or by mailing it by tlrst ciass mal co Bonower nt the Property Address or at such other addras �
<br /> " aa Bocrower may ddignate by noda to Lrnder as provided herein.and(b>any notice to Lender shall be$iven by firot class maii to Lender's (
<br /> � =s�._ .- .--.. addras stated herei��or to such ocher addreu as Leader may desigeate by natla to Barratier as proWded hrnin.Any notia pro�tded for In shis
<br /> . Seeudcy Instrument ahall be deemed to have been given to Horrowcr or Lender when givm tn the manner deaignated hadn. ��
<br /> .� ;�t .. .
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<br /> .i�c.
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