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<br />_'��-ri:•- �•-L' -• and ie incorpor�ted Into end eha116o decmed to eme;id nnd eup�teinent�he hYonguge,Uccd of Trust,or Sccudty Recd(the"5ccuriiy Instrumcnc")uP =_
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<br />'=--�=�4'"`y'���"�'f'�'•'M • [he eGme dete given by the undcrElgncd(the°liorrauer")�o cccurc Bornwcr'a AdJustnblc Rnte Nata(�he^�:ota")lo IfQ�1�.��Q�1��/QPANP
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<br /> - _ "=''0�'=-- • (,!{j��Q(the."L.ender")of the sxme d�te anA covedn{the peopeny descrlbed In tha Security Instrument and locued rt:
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<br /> — �' '���"�"�'�� � 1 Q2 N CLEVELAN�� GRAND ISLAND NE 68801
<br /> -.°``""'�y'"y�' (PropertyAddress)
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<br /> �,�.o�,�, Thy note coatQeu pro►Itio�rflowint tor cMiu�es le my (atemt rote �Md my wu�1A1�
<br /> 'tl��`�`--.s`�.,• k paymenta.Th[a nofe tuo Itmlte tGe��nounl a�y Intere:u r�te c�o c1��jr�t�My o�e tiixe��d
<br /> ++RS�S+Y'�GF�� '.l.
<br /> -T •r,'_,-,� ' . �Ito tLe mioimym�nd tLe maxlmum nte I muat pr�y.
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<br /> �rt �raE_ A�DIT(ONAL CpVBNANTS. In additian ro the covcnants end aAraments mado in the Sccudty ln�trumrnt, Borrowtr and L,ender __
<br /> `^�'+?� ,�'Y��:' � (urthercovenantandagreeasfollows:
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<br />-'F',",�5;�;:Ti,;^��i47�,,: '• A. INTERFST RATE AND MON�'HLY FAYMENT C1iANG&9
<br /> �' ',��� ' '[hc Note provida for an initlal interest rate of 7•�p ►'i.Secdon 4 af the Note provfda for chanqes in the intere3t ratc and the
<br /> �.;r.b�'�'��a
<br /> �p. monthly payments,as follows:
<br /> _.c�Y1i�.2:hr{'1�'�?S�.r.-
<br />-- '':,�;r��';tC;:.,rilp'�t��»;:_
<br /> ��;.�,�b�;;;; � , ,�• 1. /NTiEi�EST RATE AND MONTHL Y PAYMENT CHANGES
<br /> ,,i^,-jrfr�.�:;•a�:. (AD CY��=eiMt�
<br />,_:,:,,.,__.,�.,t;� The iaterat rnta 1 will pay maychange on tho Hrst dEy of NOVEniBE„� ,!9 95 _�and on t6at day tvery
<br />�,,,t��w;�;}�Y . '�' 12 months thercafter.Each dnte on wiiich my interest rate could chnnge is callcd a"Change Date."
<br /> �'���..
<br />_ �--�3 .� ��,�- .. (8) Theledex
<br />'�_:,;:;���•�°�.�°;;:�., Beginning w[th the Grst Change Datt,my interest rate wiU he bascd on a��Index.The"Index"is thc weckly average yieW on United Stata
<br />-=�;�e:'ir��si.�'�•• 7Yeasury secur[tica adJustcd to e consiant maturity of 1 year,as made available by the FMeral Reserve Board.The most reant lndex figure
<br /> "��,3�R�;;:�n_,sti;j'� svailBblG es of thC dSiC 45 deys before eaCh Change Datt i9�lled the"Currcnt lndex.^
<br />�.;��C;;:``� �" �:, lf the[ndex ie no longer avallable, the Note Holder will choose a new index whtch is based upon comparnble informatton.Tho Note
<br />;.';;y���: '• �, •,� Ho1du wiil give me nodce of thls choice.
<br /> �y=y �=rr.f:.K,n�; ` (L7 ukvi�uo�oit;eanQcs
<br /> �"r'�"'` TWO AND ONE-HALF
<br /> ' '��`� � �� Before each Change Date,tho Note Holder will calculnte my new interat rate by adding �xrecntage
<br /> � •� points! Z�5 7�)to the Cuaent InAex and raunding to the nearest 1/8th of 14b, subJect co the limits stntcd iq Scction 4(D)below.
<br /> `�'�� Tfits round�d amount will be my new Interest rate until the ncxt Change Date.
<br />`���`; ' ;''�'-",., Tlie Note Holder will then detcrmine the amount of the monthly payment that would be suf(icient to repay in full the pdncipxl I am
<br />-___�� �� .;�'.':; expected to owe on that Chunge Date ia�s substanUally equal paymenu by the mnturity date at my new interat rate.The result of this cnlculation
<br /> '�' '� �'•�'�'°'�� � wlll be the new amount of my monthly pnyment.
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<br /> N�r;.:,:��.,}�-r•_�.., • (D) Limiboolntenatlt�teC6angca �'.:
<br /> :-::,�ysw+iw+r�. • The intcrat rau I am required to pay at thc �rst Change Date will not be greater thun 8•�� % or less than
<br /> '%^�~� ' ^�*�'� ��^� 7�.Thercafter,my interest ratc will never bc Increascd or decreased on any singte Changc Date by more than�__ ��
<br /> � , ���7i5� �� �n�?�from tite rttte of Interest 1 have been paying for the preceding twclve months.The minimum interat rnte on this loan will never bc �_.
<br /> �;,�,.t.�.,�,,;.f,- ��g�h� 5.DO wo¢nd the maximum interest ratc wfll never be greater than 11 .00 qe, �,,;:
<br />. c'-��':�!+�.�'pa•. . .
<br /> .;:a:��.-::,c+=• (E) EtfecUve Date of Clian�d �.--
<br />:::=;r:-;:-=;�=����; • • My new interest rete will become eifective on cach Change Date.I will pay the amount of my new monthly payment beginning on the tirst
<br />°����= ' =*�'� �, monthty payment date aftcr thc Change DaSC until thc amount of my monthly payment chc►nges ogain. �v`�
<br /> ^ � . �
<br /> (1� Noncsotchanaa :
<br />- � `�.,;• . The Note Holder wil(meil or deliver to me n notice before each Chunge Dnte.The notim will advfse me of:
<br />- •, • • (i) thc new interest rate on my loan as of the Changc Date;
<br />- � (fl) the nmount of my monthly payment following the Chunge Date;
<br /> piq nny udditional mauers whlch the Note Holder is roqufred tu disclose;nnd
<br /> - pv) the nddress of the i�sociation you could contact regarding nny quat{ons nbout thc adjustmcnt notice.
<br /> _ ' � B. CHARGES;LIENS
<br /> �-- • Uniform Cocenant 4 of the Sccurity Instmmcnt is amendcd to read as follows:
<br /> �:�:. ; 1. C6arswt I�em.BonoKYr shall pay all tmces,nssasmenu,ond other chnrgp,finss,and impositions uttdbutnble[o the Propeny which mny i
<br /> •�: . ettain A prioRty ovcr this Secudty Instrument,and leasehold payrttcnts of ground renTS,if any.In the manner provided undcr paragrnph 2 hereof
<br /> � or,if not pald in such manner,by Borrower muking payment,when duc,dlrectty to the payee thcreof.Bonowcr shali promptly furnish Lender
<br /> ��� all notices of nmounts due undcr this paragraph,nnd in thc event Borrowcr shall make payment directly,Borrowcr shall promptly furnish to
<br />��%•' ' Lender receipts evidencin such a ments. Bnrrower shnll rom tI dischur e an Iien which has riorit over this Securit tnsrrumenh
<br /> 8 PY p pY B Y P Y Y
<br />`'"'" " � • however, Bonower shall not be required to discharge nny such lien so long c�.s Bonower. (a)shell agcce in wrlting to the pnym¢nt of the
<br />"= �`✓='�.:.. : obligaUon secured 6y such Iten[n the manner acceptable ro Lender;(b)sh¢II in good fuith cantest such Iten by,or defend agafnst enforcement of f
<br />',n.�-' -
<br /> �'r. .; such Iten in,Icgal proceedings which In the opinlon of L.ender ope�ate to prevent the enforcemcnt of the 8cn or forfciture of the Property or nny
<br />"'�'� " art thereof;or(c)shall secure from the holder of such Iten an a reement in a form satlsfactor to Lender subordtnating such iten to this
<br /> _�_;. : : - • P 8 Y
<br /> .�c°, Sccurity Instrumcnt.
<br />�J----°� -`;— .� It l.enper determina tnut aii or any patt oT me Properry Is sub)ect to a uen which may attain a prtority o�e�this Securiry Instrument, (
<br /> �. , Lender shall give Borrower a notice identifying such lien.Borrower shell satisfy such lien or take one or more of the nctions set forth above j
<br /> ;� within ten days of the giving of thc noti�Y. �
<br /> i
<br /> • C. NO'i'ICE I
<br /> ° � Uniform Covenant t4 of the Security i��strument is amended to read ns follows:
<br /> „ IC. Notler.Exrept For any notice rcquircr�under npplicublc law to be given in anothcr mnnncr,(a)any naticc to Bo�rower provided for in this
<br /> ' Security Instrument shall be gi�en by deliverfng It or by mniiing it by Crst class mail to Borrower at the Property Address or nt such other address �
<br /> es Qc►n�ower rnay designute by notice to I.ender ns provided herein,and(b)nny notice to Lender shall be given by first class mail to Lender's f
<br /> addres�stated herefn or to such other address as Lender may designate by notice to Borrower as providcd herein.Any notice provided for in this �'
<br /> ��� Securlry G�strnmcnt shnli be dcemcd►o havc bcen gi�•en to Borrowcr or Lcndcr�vhen given in themanncr desfgnatcd hcrcM. �
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