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<br /> �� (1 Ycar'I'rc�sury Indcx-Rnt^Cnps) ' . . _
<br /> � 157H NOUEPIBER .�..,�0 94 . �,� - .._
<br />=j� THIS AOJUSTAD4E RATB RIDF.R tv madc thl� day ot _ _
<br /> and ie Insorporated into end shall b_deemcd to amend end cupplenent�hc�tongnge,Dced uf 7'rust,or Securlty Qted Qha"Sccurtry In�trument'9 ot _ __ _
<br /> , . �he�ome dxtx Btven by�he widerst�ncd(the"[lorrowcr")to Rccure Dorrovrtr'e Adju<_tnble Rntc Note(the"Note'9 to FLIO��.E,�U�R��-4AAN-n !?'�y�zrt�f;�—
<br /> ��' � SL (the"l.ender")of the snme due und covedng Ihe pro{xrty dacribed ia the Secudty Instrument and located ot: �''`=�
<br /> � n � -:`.,u;- __
<br /> '� � '" 603 N, CUSTER, GRAND ISLAND NE 69803 -
<br /> _ H.
<br />_. ' — — (PrAperry Addrue) `;'�`°�--:=_===:
<br /> :.•,�i�a�:;�_�
<br /> Thts note cant�ln� Drovi;lon��llnwin�{ (oe c�te=ee(n my lutcrcsl nte a�d my ntontMly '^,�,:;R=____
<br /> psyments.Thli nute dao Iirtslq 1Re�rnouM my lntere�t nte c�n chanje�1�ny oee ilnce�nd --q���-�
<br /> sis�tNe mleimuon aed the m*alrtnum r�te!�nust pwy. . ; '`--.-'.
<br /> . e �A��.�.�_ _ .
<br /> . . ♦. - f��:'��._.
<br /> ADDITIONAL COVENANTS.In nddiUon ta the covenants and ngrecmencs made in the Security Instrument,Borrower nnd I.ender � ,;,�,��„_Y._�._.
<br /> , .. . ..K,;:�s.b: ,,..,.�,
<br /> � fuether covennnt and agree as tollows: ���--
<br /> . .'ir��'v::=,;.�:-�
<br /> .. ' �n�?��.:,�,.:.�m
<br /> A. INTEREST RATE AND MQN'IHLY PAIIMF:NT CHANGTS �� �• ",15�,�`�'.�'':`---
<br />- r ' ' . 7.00 q�,Sestion 4 of the Notc provi�a for changes in the interest rate aad the ° .-��_.:,'�-�_-°_
<br /> The Note provides for an initlul interest rate of_ ;;t:�
<br /> �� monthiy payments,ns follows: • ��=— -
<br /> ';u__...._�
<br /> �v�..,...-�
<br /> 3 4. lNTERFST RnTE ANA MONTNLY PAYbfENT CHANGES ��`�"'r
<br /> � '
<br /> , ., :z�; _.-_
<br /> ° (A) Ch�e`e D�tea " .:.
<br /> j Ths fnterat rate 1 will pay mny change on the f irst dsy of � UELEmBER ,l9 95 ,aad on that d�y every .t�;;���:�„.
<br /> �- 12 months thereafter.Each dntc on which my interest rate could changc is called a"Chunge Date." ���`�-��-
<br /> , ����r--�::-
<br /> — '.'��`�^`�:�:;
<br /> (B) TAaladex ••�'y:,°;��_
<br /> Beginning with the first Change Dute,my intcrest rate will be bnsed on an lnd�x.The"Index"is the wee�ly averngc y[eld on United States ,,.��:___.
<br /> Treasury secueUtes adJusted to a constant mnturi►y of 1 year,as mndc available by thc Federal Fteservc Board."I'he most reant Index figure :�y��:�.
<br /> ava�lable ss of the date 45 days before each Change Date is caI1M the"Current Index." ��+ ' ���
<br /> It the Index is no longer availahle,the Note Holder will choose u new index which is based upon comparnble[nformution. The Note , �
<br /> " Holder will give me nodce of this cho3ce. ���
<br /> ��V...
<br /> . • (C) Wcalotlon o�1 ChroEa ' ' '
<br /> B�efore each Change nate,tht Note Holder will calculote my new interest rate by adding�tIREE AN� ONE�-HRI.F �xrcentage
<br /> ��n�� 3.5 %)to the Current Index and rouading to the nearc;t 1/Ath of 1 e/o,subjcct to the Umia statea in Section 4(D)below. '` . ,
<br /> ' "[tds rounded amount will bc my new interat rate until thc next Change Date. ��
<br /> The Note Holder will then determjne the tunount of ehe monthly payment thut would be sufficfent to repay tn fuii the principal 1 am •;.
<br /> expected to owe on that Chunge Date in substantittlly equal payments by the maturity dute ut my new interest rate.The result of this culculation :�' '
<br /> will be thc new amount of my monthly payment. �;�r�: :
<br /> (D) LmfU ou interest Rate Chsegra `�'�' � '
<br /> The interest tatc 1 om requirM to pay at thc first Change Date wiil not be gresttcr than 9.00 % or less thun „r.�• ; __
<br /> � 5.00 ab,Thcreaftcr.my intertst ratc will nevcr befncre:ued or dccrcased on aAy cingle Change Datc by more than TWO ;, . •
<br /> };�
<br /> ' �.� from the rate of interest 1 have bcen paying for th�preceding hvclve months.The minimum interest ratc on this loan will ncver be � .,,r
<br /> . • oag�hpn 5•Op M�and the maximum interest rnte will never be greater than 12.00 ,_olo. ` �'� ,;�.
<br /> .
<br /> (E) Etfective Qate ot Ch�ngca ��=
<br /> My new interest rnte will bewme effective on each Change Date.I wili pay the nmount of my new monthly payment beginning on the first �,�='
<br /> � � monthly payment d¢te aRer thc Ct�ange Datc until thc amount of my monthly payment changes agaln. �,�
<br /> j (F1 Notice of Ch�n�es . 5`�=
<br /> - � The Note Nolder will mail or ddiver to me a notice before each Change Date.The notice will advise me of: I "'
<br /> �i.F
<br /> (i) the new intcresi rate on my loan ns of the ChanIIe Datc; ''���
<br /> ,_,-
<br /> � (ii) the amount of my monthly Rayment following the Chnnge Date: • r'',::��
<br /> (fii) any addit[onal matters which the Note Holder is required to disclose;and ��• .: ._
<br /> (iv) the uddras of the a.asociution you could con[act regarding any questions nbout the adjustment notice. �` '
<br /> � �-
<br /> ., B. CHARGES;LIENS � '��
<br /> - Unitorm Covenant 4 of the Securiry Instniment is nmended to read as tollows; • '` '
<br /> '•;._'
<br /> ' 4.CDtr�es:I1en�.Bonowot shall pay nll taxes,assessmcnts,n�ad other chnrges,fincs,nnd impositions nttributable to thc Pr�p�ny whf:h mny , ' '�
<br /> e , • • � �
<br /> ; sttaln a priarity over thfs Security Instrurnent,and leasehold pn}�mcnts of ground rents,if nny,in tQ�e manncr provided under parc�pr�ph 2 hcreof �
<br /> or,If not paid in such manner,by Borrower making payment,when due,directly to the payee thereof.Borrowe�shall promptly furnish I..ender � � �,`}`
<br /> � all notica uf amounts duc under this paragrnph,and in the event BoROwer shall mnke payment dircctly,Borrower shnll promptly furnish to
<br /> Lender reccipts evidencin3 sucb payments. Bottower shall p�omptly discharge any lien�rhich hns priority over this Security Instrument; I .
<br /> > howover, Borrower shall not be requlred to dischnrge any such lien so long as Borrower:(a)shaii ngree in writ(ng to the pnyment of the �
<br /> obligation secured by such licn in the manner acceptnble to Len�ler;(b)shap in good fnith contest such lien by,or detend ngainst enforcement of . ,(
<br /> "' such lien in,tegal procadtngs which in the opinion of Lender operate to prevent the enforecment ot the lien or fotfeiture of the Property or nny �
<br /> � part t�ereot;or(c)shall securc from the holder of such lien an c�grcement in a form sntisfactory to Lender subordinating such lien to this � �:,i i
<br /> _�'_ __ ____ ___- _ _ cwru.:w(nstmm.cnt. . � _.,..--- • _-�
<br /> � -- -- - _, `- --•- •-
<br /> If Lender detennines that all or any part of the Property is subject ta a Iicn�vhich may attain a prioriry over this secunty tnscrumcne, � - � --
<br /> " Lendcr shap gtve florco�ti�er n noticc identifying such Iic�.�arrower shall satixfy such lien or take une or more of thc actions sct torth abovc _
<br /> � xithin ten days of tlu giving oi the notice. '
<br /> ,
<br /> � � C. NO'110E •
<br /> � ! Uniform Co��enant 14 of the 5ecurity[n�ttumem is amended to read as fflttows:
<br /> !A. Notlet.Exeept for any notice requfred undet opplicable Iaw to be gi�en in another mnnner,(a)any notice to Borro��rr provided for m th�s
<br /> r ` Security(nstrumem shntl be gi�•eo by delivering it ot by mailing it by frst class ma�l to[3ono«tt at iAe Property Addrcss or at suc�othe�addre�s
<br /> m Dorrower may daignate by notice to Lendrr os provided herein,and(b1 any notice[o Lender shall be gi.en by rirst class maii to Lender's
<br /> ., addrese stated herefn or to such other address as Lendet may drsignate by notice�o l3orrower as pro�ided herein.Any nutice pro�•�ded for in this
<br /> ' Sccuruy tnstr¢ment sAatl bt deemed ro h��e bcen gi��cn to Florro��cr or Lcnder��heT gi�cn m thr,mannet dcvgnnted herein. �
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