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<br /> 'iNiB ADJUSTAIl1:�RA1'Ei NID�iR i�m�de th1�...;�3�tY o/_�����R -- _ -.— .,19_�_.. • .
<br /> ' y,����.�.M.A 1wtn.RdihW be tlelmid to Iut�ed t�d IuDDlen�etlt th�h4atty�e�Desdof Tnut.or 8�xit7 beea(tbs"S�rrltr IaMrwnwt'°)of ,
<br /> Ope xnw d�ta dran bY�he widenip�ed(ihe"8orm�")to'axvre borrower'n Ad}weKbb Rue Note(�iH"�ots••j co e�%t��utl�� . ..
<br /> ,�j�(tbe"l.�uwkP�)ot eha wna d�te rnd coreriG{tlw propertg dwcribed!n the Security ttutrument�nd lorated Rt: '
<br /> 813-815 S. .CLAl1SSEN. GRAND ISLANtl. NEBRASKA 68801
<br /> (proDertyAddr,as)
<br /> 'i'Mi�sote co�ulr Oto�Wa��Me�l�t tor eha�u 1�r�7'kla�at rate iui M�7 ��t ,
<br /> pqaleab.?W aote�Mo Hrits iYe�ao��t�n!lalerest e■t�e aa cl�r�c at ar o�e W�e asi
<br /> 01101i0111i�11N��t�e1MSI�1�RtttREZ11�Mft{lnqY+-.;. , . , ,
<br /> ADDITIONAL CQ�+ENANTS.Ia addidoa to the covenanta and a4rer.�uents made in the.seeiuity Iattiument,HorroHa aAd Lender
<br /> further c+uvenwt aad atrae u followa: .
<br /> A. [NTBRffif AA1E AND MON7'HLY MYIHENT CIUNCE9
<br /> 7'he Nate provides tcr an inlNal tnterat nte ot �•25 �Y..Sectloa 4 of�a Note provida for ch�a in the iaurat rate tnd the
<br /> mnnthly psymrnU,�u iollowe:
<br /> 1. lKTBREST/tATE AND MONTfOIY PAYM6NT CNANOES
<br /> (A) CN�M AtAM
<br /> Tha interest nte 1 wlil{s�y msy chanto on thc Pirot d�y ot OCT08ER ��q 95 �u�d on thu d�y ererY
<br /> 12_,__ month�theraiter.Eiccn dste on which my intaat nte could chinRe i�callcd a"Cluinse D�te."
<br /> t�) 7'N IMex
<br /> Be�inninj with tAe flnt CManje Dato,my interat r�te wili be based on tn Inde�.7ho"index"ia the wakly averase yield oa Ilnited Suta
<br /> '[Yatury securitip adJusted ta a comtant muurity of 1 yar,as made avaltablc by the Federat Raerve Houd.The most rcceaz Indac ti�ure
<br /> av�titble as of the dau�!dsya before euh Chu�a D�te le c.alted the•'Clureat Iadex."
<br /> It the tadea ia ao tonter availuble,the Nota Holder wlll chaoic a aew indrs which!e bued upon compuatble tntormation. 'lUe Note
<br /> Holder wiU�ivc me aoda of thia cholcc.
<br /> iCf ���
<br /> &fore ach ChmEe Dau.the Nou Holder wlll calculatc my new interost rate by addiag THREE AND UNE—HALF perccau�e
<br /> po��t 3„�_�➢Y)to the Ctiurent Iadac and rounding to the nearat 1/Sth�t 19�,aubJect to the limtu etaited in Sectioa 4(A)bdow.
<br /> Tlils rouaded amouat wW be my new iaterest rete undl the next Change Date.
<br /> The Nou EIotdsr wIU thea determtae the amount of the monthly paymont thet would be auPtideat to repay ia ELU the pdndpal I ua
<br /> �,ti acpected to owe oa th�t Chmge Dau in nubstaat[ally equal paycaeats by the maturity date at my new Interat�au.The nsult of thi�plculidon
<br /> will be the new amount of my monWy paymenG
<br /> (D) Ldb oa Iaterat Rah C6ae=a
<br /> 'I4►e interc�st rate I am requtred to pay at the fitst Chenge IJate w1U rtot be greater than 9•25 7i or leas than
<br /> S-�5 Wi.Thereaftcr.my inurest rate wiil never be increased or dxreaxd on aay sin8le Cboage Date by aeore than T��
<br /> �.,Q�,,�._from tha rat�ot intere.at 1 have been paylag for the preccding twelve months.The minimum inurat rau on thia loan will neva be
<br /> less than._5...25—.—�i end the maximum iaterest rate will never be grcater than 12.�5 hi.
<br /> (� Eliectire Date of Cbtaaes
<br /> �"�,,.:, � My new iaterat rau will bxome effxtive on eacd Change Date.I wtq pay the amount of my new atoaWy payment 6egiwtin8 on the iirst
<br /> '•�;�c„�`'�' moaWiy payment date after thc Change Date undl the amaunt of my monthly payment chaages aBain.
<br /> � , . ��'� "` , (I� Not�oeotCeanrts
<br /> ", ;•���' "'`,`c't_r;. ` 'Ine Nou Holder w1U mail or deUver to me a noUa before each Change Date.The noda will advlse me of:
<br /> `•����:.a':' 4+� the new interest rate on my loaa ea of the Change Date; ;�'..
<br /> '�`''�".`' ii the amount of m montht a wt Pollowi the Ch
<br /> .°ir>t•::,:�..'�: ( I Y YP Y+n �8 o�►SeDatei "�:n.
<br /> ',:+.,':,..'.a.., ...�
<br /> , �-,q;.y:'�,•.. (IU) eny addidonal matters which the Note Holda is rcquired to disclose;end
<br /> . ,:�.� ';` (iv) the addras of the asso�at[on you coutd contact regarding anY 4uesdans n7wuc the adJustment aodoe. ��''
<br /> .:�-; F,
<br /> :�'<'�`:::',. `•� B. CHAAGE4i LIENS
<br /> .`�.'.•-,•+A>-^±'-r Untform Covaisat 4 of thc Secuiity Instrument is a�pmded to read a4 foUowe:
<br /> .i{ 1[ y
<br /> ��;`���'� '-'' •,.
<br /> � ..�. ,. ..,:. .. !.Ctiae�rii Item.Boaowar sheU pay ail taua.assasmeata,and other charges.firta,and impositiow attrlbutabie to the Property which may
<br /> `"'" " � att�in a prioTity ovcr this Secudry imtrumrnt.and leaseho2d yaymeata ot ground rcnts,if aay,ta thc muincr provtded undu paragraph 2 haeof
<br /> -,ii�;: '.. .;��-
<br /> � or,if not paid in sucA mannu.by Bonowu mak[ng payraent,when due,dincdy to the payee thereol.Sonower shall prompdy fumish Leader
<br /> `•`�"`�"� '����'• ' alt nottas oPamounta due under thta
<br /> yaragraph.and in t?►e event Borrowu shail meke payment diratiy,Bor�ower ahall promptiy furnieh to
<br /> '�+,�;,:�;;^�.:�,.- ; L.ender reaipta evidmcing such payments. Bonowa ehall promptty discderge any Uen which has prtodty over this Security Iastnzmeat;
<br /> ��' ..�r- •;:�:, howevu.9orrower shall not be requ�ced to dlseharge any such Iten:o long a�Borcower.(0)6IlYU 8$[iC III WJ�tltl$tb tZIE jf8yR1l1�t O�lRC ,,,
<br /> •�;y3K�•:Y„ obiigadon sxured by such Uen in the menner aooeptable to Lender;(b)ehaU in good teith wntat such Uen Dy.or defend ag�inst eafomaient ot
<br /> such Iten tn.legal praceedtnge whlch in the optnton o[Lendu opernte W prevent the enforament of the Uen or torfe3tuce of the Propaty or eny
<br /> •�;`:.�:�'..._�.�;.,-0„�• part thereof;or(c)ehaU secure from the hoider of such ilen an ugrament in a form sadatactory ro Lendu aubordinadng auch Ifen to this
<br /> •...... :_:.,..._. ,
<br /> ui i:: :,:�� . . �, Seeurity Instrument.
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<br /> • ' �'-"--�-�'`- '�---�"'---'"--- u'- ".'-.-"'-"-'-- -�_�..._._.u.e�....iw iw.�w.wuw�
<br /> . s�..�.wa.r.. ...........o•.w v.mq pau vs u�c r�vpu��w anv�sa iv o�mi wo�cu uw�auaau o puva..�v...........�..»..i�.-- -.
<br /> 3� ` "`' "'� Lender ahall g[vo Borrower a notia identifying such 1{rn. Borcower shall satisfy such lien or take one or morc of thc actions set fonh nbove
<br /> -- - °— --��`, within ten deys of tha givfng of the noti:e.
<br /> .:;_ .
<br /> . ` C. NOTiCE
<br /> ` :": �. lJnt[urm Covenant 14 oF tAe Sccuriry tnsuument is ameaded to read as toltowa:
<br /> ;��:: . _ . , ,.'..
<br /> � ;,,,. �^ • 11.Notta.Ezcept tur any nottce required under applicabie law to be gtven In another mnnner,(a>any notice to Bortower pmvided for in this
<br /> • ��� ' ' Security tnatcument shall be givea by delivering it or by mailing it by fint class malt co Bonower at the Property Addms or at auch otha addre.cs
<br /> ��...� :r as Hoaower may dalgnute by nottce to Lender as provlded herein.and(b)any notla to Lendu shall be given by first class mail to Lender's '.
<br /> �. ti address stated herein or to auch other address es Leader may designate by not[ce to Bottower es provided herein.Any noticc provided for fn this
<br /> °; ��' ` SaurIty Instrument ahall be damed to have been gtven to Borrower or Lender when given in the mnnner daignated herein.
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