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<br /> ,,,�,�. '['FIISAUdUS'PAI9Lt?ttn7'�RID�Rismadethis �gY� d�yof NOVFMBER 19 94 .ard�5 "=}`�-
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<br /> __-.�.:�-��•�t,.��-�•:r:�� incorporateA lneo nnd shnll bc dccmcd to�mencl nnd sunplament the Mortgagc�Dccd of TrusR or Security Deed(the
<br /> �T ` '°S°cority ln9te��meizl")nf the��me Ei�te�ive�n hy�hr�nnrlersl��ed(�he��L�rrower•'j to sccure 6iorrawer's A�djnstable ?�`�T
<br /> ---��;i"����yK,��: RaesNotc(th�"Nutc")tW Phe Epuitibla Building end lo�a�saecivtlon ot ar�nd Islaed,Nebr�swe, A
<br /> u � ' ` "� Federel Sflvings BI�N (th�"Lender")of the snme dnte and covering the propccty dtscrfbcd -
<br />��_-�'-, �'�.�.�� �. in the Securlty Inst[ununc and loratcd a[:
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<br />==�=''� `• .`'•�1'' THE NOTE CON�'AIN3 PRONIStONS ALLO1fVIN0 FOR CHd1N(iES IN THE lNT6HESY RATE
<br />:_�_... , _—
<br /> �i?�� AlYi�YHE MONTFiL1f PAIIMENT,YMC•NOTE tiMIT�YH�AM1t1li:9T'1'HE BURRQWER'S
<br />--�� �� ' ' INT�RE5T RATE CAW CHAN�E�1T AIYY ONE TIME Al13Q'PHE MAXIMUN4 RAT@ THE 80H- --
<br /> -a'-� `•.. ROW�R MdlST PAY. —�
<br /> � ��."'.;�.
<br /> '`°��J).
<br /> _ J • ADDITIONAG CO'VENA�N'I'5. In additIpn to tlic covenc►nts and agreements made in the 5ecurisy Tnstrument�
<br /> nr:`;".�:.'"" : " Bormwer ttnd �.ender further covenunt and ugree as foUows:
<br /> i A,. INTERFS'Y' RATE AND 11�ONTi HLY PAY:HENT GI�IANGFS �
<br />�- � --- � 'The Nota providcs for an initial interest rat�of �.�2 5 �lo.The Note provides for clianges in the interest eate snd the
<br /> - a monthly payments. us follows: ---
<br /> - . . ,��; 4. INTERFST RATE AND MONTHLY PAYMENT CI3ANCFS
<br /> �., (A) C6aage DAtcs
<br /> ; . . , - The inrerest rAte I will pay muy change on the first day of DEC EMBER ,19 95 ,and on that day �-
<br /> every 12th month thereafter. Sach date on�ul�ich my interest rate could change is called a "Chunge Date."
<br /> liiLs
<br />- � (B)The Irtdex _
<br /> �� Beginning with the�rst Change Date,my intcrest ratc will be based on an Index.Thc"Index" is the weekly -
<br /> � average yield on United Statcs Treasury sccurities adjusted to a constant n�aturity of 1 year.as madc available by -
<br /> " ' the Federal Reserve Board.The most recent Imdex�gure available as of the date 4S days before each Change Date %"
<br /> '� � is called the "Current Index." ��.„
<br />- . , If the index is no longer available.tlie Note Ho{der wiA choose a new index which is based upon comparable . :
<br /> ,�•._�•• ;-,.> � information.The Note Holder will give me notice of this choice. �=
<br /> • �: .�•.a:. ' � �r
<br /> ,_;;�1,��,�,,.; . (C) CAlculxUon of C6anges i,�
<br /> � � _ Before each Change Date,the Note Holder�vill calculate rr�y new interest rate by adding � �
<br /> ." ' � percenta�e points ( 2.000 °lo)to the Current lnc�ex.The Note Holder will tlien round � �`
<br /> �.�:.t•���.��;:-�• the result of this addition to the ncarest onc-eighth of one percentage point(0.125%). �ubject to the Iimlts stated �
<br /> � � � `�'" ' in Sectfon 4�D) below� this rounded a�ount will be my new interest rate until the next Ch�►nge Date. Y�-
<br /> " `��� The Notc Holder will then deterrredne the amount of the monthly payment that would be suf�cient to rcpay �
<br /> ����' •the unpaid princlpal that I am expected to owe at the Change Dnte in full on the maturity dnte at my new interest �� °
<br /> • rnte In substantiaUy equal paymcnts. The result of tiais calculation will be the ne��amount of my monthly puyment.
<br /> '; . ;;
<br /> _,..
<br /> �.` (D) Ltmits on InYerest Rete ChAeges � '
<br /> 4. •� The interest rate I am required to pay at the first Cha��ge Date will not be greater than 9. 12 5 �a or less than -,�
<br /> ��' . � ' 5.125 °/o.Thereafter.my interest rate will never bc increased or dccreASed on any single Chane:Date by � ,,
<br />' •'''�'�`.� more than two percentaIIe points(2.0%)from the rate of interest I have becn paying for the proceding twelve m�nths.My �� '��'
<br /> �' interest rate�vill nevcr be grcater than 12. 125 °ya• I �
<br /> � .
<br /> `�- � (E)FhCretjve Uate of C6pnges
<br /> *� My ne�v interese rate will becon�c effective on eACh Change Date. 1 �vill pay the amount of my new monthly
<br /> :� payment beginning on the first monthly payment c�nee after the Change Date until the amount of my monthly pay-
<br /> ment changes again.
<br /> �, „ (F� Notice of Chpnges I
<br /> •� . The Notc Holdcr�vill delivcr or mail to me a notice of any cF�anges in my interest ratc and the amount of my ;
<br /> -� monthly payment before the effective date of any change. The notice will include information required by law to
<br /> ; be given me and also the title and tclephone uumber of a person�vho will a►�es�ver any yuestion 1 may have regarding �
<br /> thc noticc. �
<br /> ? B.TRANSFGR OF THE PROPERTY UR A BENEFICIAL INTERES'C 1N I301tRUNER �
<br /> r Uniform Covenant 17 of the Security Instrument is vnendcd to rcad as follows: �
<br /> _�____ _____--�:_- Traasfer o!We Proaertv oe a Benefictal intcrest in 8orro�•er. If all or anv nart of the Pronertv or anv iqtcrest i
<br /> � in it is sold or transfcrred(or if a beneficial interest in�orro+ver is sold or transfcrred and Borro�vcr is not a natural ; ^
<br /> s person)�vithout Lendcr's priqr �vretten consent, Lendcr may. at its option,rcquire immediate payment in full of
<br /> ali sums secured by tl�is Security Instrument. However, this option shall not be exercised by Lender if exerci;e is ,
<br /> �� prohibited by federal la��• as of the date of this Sc�curity Instrument. Lencier also shall not exercise this option if: •
<br /> (a)IIarro�ver cnuses to be sub�itted to Lender information required by Lender to rvaluate the intended transferee
<br /> , as if a new loan�vcre bcing made to thc transfcrce; and (b) Lender rc:uonably determines that Lendce's security
<br /> � will nat be impaireai by thc loan assumption and that the risk of a brcach of any covenant or agrcemcat in this Securi- '
<br /> t�Instruuient is ncccptable to [.ender.
<br />- To the extent permilted by appliazble la�v, Lender may charge a reasonable fee as a condition ro Lender's con-
<br /> sent to thc loan assumption.Lendcr i�iay also requirc thc transfcrce to si�n an assumption a�rcement ti�at is acccpt-
<br /> ' �ble to Lendcr and that obiigates tlic transfcre.:to kcep all tt�c promises ared agrcemcnts mlde in the Natc and in
<br />= this Security Instrument.8orco�ver�vill continue to be obligated under the IVote and this Security instrument unless .
<br /> .,� � Lendcr releUSes Borro�ver in writing.
<br /> h,i . � • IIAULT15TA7E ADJUSTR61@ RATE FiQ[A-AR11C 6�2-Smp'e Fcm�ry-i�niil�Mi��Fnddi�htae Uniturm Instrument Fcm 9111 3�OS
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