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<br /> " �� � ADJU�'Y'A�3L� �'8'� �tg��� ,� _.d
<br />�� ' (1 Year 1'reASUry Index—Rate Cnps) 0020027277 �
<br />-•Y .' THISADJUSTABl.I�RA1'�RIDERIsmad�this 30THd�Yaf NOVEMBER .�9 g4�nndis
<br /> " �� ' incorporntcd into and shall be deemed tu amend and supplement the Mort�age,Deed oFTrust or 5esurity Deed(the � � '°'� '�: _,
<br /> .. •• "3ecurity Iustrun�eut")of Q►e saiiie date givcn by thc ur.dersigned(the"Honorrer")to secure 9mrro�ver's Adjust�ble -===
<br />�:� , • � Rate Note(the"Note")to The Equitebla Building end loan Association of Grend Isleed,Nebresie, � *, . .:��:t };;,:=
<br /> ' Federel Sevings Benk (tftc"Lender")of the same date and covering theproperty described _
<br /> . . in the Seeurity Instrument and located st: .' . ---
<br /> •� 2514(251s)SOUTN CHANTICLEER QRAND ISLAND� NEBRASKA a8S01-9999 '. , . �. ' --
<br /> � . .
<br /> IProptrty AddrecsJ 1 • —
<br /> �i•.-_
<br /> ' THE NOTE CONTQINS PROVISIONS ALLOWING FOR CHANGES IN YFiE INYERE�T RATE .� ',::,• �4
<br /> AND THE MONTMLY PAVMENT.THE NOTE I.IMfTS THE AMOUNT TH�BORROWER'S ' � ":�
<br /> INTERESf RATE CAN CHANGE AT ANY ONE TIME AND TH�MAXIIINUM RATE THE SQR- ' `� �- �
<br /> ';�. ROiPlER MUSY PAY. , , n;�; .�'�=
<br /> � . � ';r.s���.�
<br /> `• ADQITIONAL COVENANTS.In addition to tlie covenants and agreements made in the Secudty Instrument, •• .'��°"''�:
<br /> �� �� Sorrower a�id Lender further covenant and agree as follows: �� :�'�`;,:,-
<br /> . ;.,,fM,:_.-_--
<br /> A.INTERFST RATG AND MONTHLY PAYMENT CEiANGES
<br /> �...�_;;':- -
<br />- „ �� The Note provides for an initial interest rate of 7.7 50 %.Tlia Note provides for changes in the inxerest rate and the •' "�°"'.'�=s —
<br /> - , monthly payments. as follo�vs: ..
<br /> "_` k;'�'":
<br /> � •• 4. INTERTST RATE ANID M�NTYILY PAYMENT CHANGFS ,,..�,c�.x,~�---��—
<br /> ' .. ��.�'�•:---
<br /> � (A)Change Dates .,,}�������,,,�
<br /> The interest rate I will pay may change on the Cust day of D EC EMBER , 19 95 ,and on that day .- .R �
<br /> ' every lZth month the�eafter. Each date on which my interest rate could chanIIe is called a"Change Date." �
<br /> ��-.
<br /> - ,--- ��The Indcx ---�-,r;- _.
<br /> . , Beginning with the first Change Date, my interest rate will be based on an Index.The"Index"is the weekly �
<br /> average yield on United States Treasury securities adjusted to ct constant maturity of 1 year, as nnade available by �+r,
<br /> the Federal Reserve Boazd.The most recent Index figure available as of the date 45 days before each Change Date .'�. ; •�
<br /> . is called the"Current Index." �`�
<br /> ':, � .;:
<br /> <`: '- If the Index is no longer available,the Note Holder will choose a new index which is based upon comparable �:�;4'� .
<br /> information.The Note Holder will give me notice of thls choice. �•�r•. �
<br /> 1.,
<br /> � (C)CslculAtion of Changes ,� ,. �' �.. ' �
<br /> Before each Change Date,the Note Hotder will calculate my new interest rate by adding � /,. ��
<br /> percentage points( 2.400 �'/o)to the Current Index. The Note Holder wil! then round " �
<br /> ' the result of this additton to the nearest one-ei�hth of one percentage point (0.125%).Subject to the limits stated �t�
<br /> in Section 4(D)below,this rounded amount will be my new interest rate until the next Change Date. � • '� ,,.._.
<br /> " The Note Holder will then determine the amount of the monthl a ment that would be suf�cient to re a , '����
<br /> YpY PY , �?�_
<br /> the unpaid principal that I am expected to owe at the Change Date in full on thc maturity date at my new Interest •: ;�
<br /> � , rate in substantially equal payrnents.The result of this calculation�vill be the ne�v amount of my monthly payment. ,
<br /> . � � ;i�=
<br /> ..�;
<br /> „ (D) Limits on Interest Rate Chan es �
<br /> - . .. s I . f�-�_
<br /> ;. ,,. _...,
<br /> Tt►e interest rate I am roquired to pay at the first Change Date will not be greater than 9. 7 5 0 °10 or less than !-,��:
<br /> 5.750 °lo.Thereafter,my interest rate�vill never be increased or decreased on any single Change IDa2e by � • w, °:
<br /> � more than two percentage points(2.0°l0)from the rate oF interest I have becn paying for the preceding twclve months. My � . �%�. ��
<br /> . interest rate will ncver be greater than 12.750 %• ',;;
<br /> (E)Etfective Dmte of Changes � '�
<br /> • My ne�v interest rate will bccome effective on each Change Date. I will pay the amount af my new monthly �
<br /> payment beginning on thc first monthly payment date�fter the Change Date until the amount of my monthly pay- �
<br /> i
<br /> � meni changes again. I , .
<br /> � (F) Nottcc oP Chnnges I �
<br /> • The Note Holder will deliver or mail to me a notice af any changes in my interest rate and che amount of my � �
<br /> � monthly payment before the effective date of any change. The notice will include information required by law to I ,
<br /> be give»me and also the title and tclephane number of a person wlio will answer any question 1 may have re�arding i
<br /> the notice. ; . j ..
<br /> � m.I'RANSI'ER OF T}i� PROPGRTY OR A DENECICIAL INTER�ST IN BOEtROWER '
<br /> �� '' Uniform Covenant 17 of th�Security Instrument is amendcd to read as follows: i `;
<br /> � m���e�..e��.�u�..�r....��0�....Pl.,ln�infawal I��Mr�nao� if all nr anv nurt nf thn Pr�nnrtv nr anv intvrnct ' "
<br /> �_.-_,-_ -_.-------'--,� a�snaas� v�sw a�vp..�s�v�o..�u.....w.�...«.._..��_"_..:..-' w_' �� �—.__..._""�-"+,_' ._'-+ ._..-"-' ; -..-.--. - .—- �
<br /> �'• in it is sold or trAnsferred(or if a bcnc�cial interest in Borrower►s sold or trai�sferred and Borrotiver is not a natural T�
<br /> personj�vithout Ler.Qer's prior written consent, Lendcr may, at its option, requirc immediace payment in fuli of ,;
<br /> � all sums secured by this Security Instrument. However, this option shall nnt be exercised by Lender if exercise is
<br /> t ' prohibited by fcderal Inw as of the date of this Sccur{ty Instrument. Lender also shall not exercise this option if: °
<br /> �F •- (a)Barrowcr causes to be submittcd to�endcr information requiresl by Lender to evaluate tl►e incended tra�isfcree �
<br /> , as if a new loan wcre beinB made to the transferec;and (b) Lender reasonably determines that Lender's security r ,.
<br /> will not be impaired by the I�an nssumption and that the risk of a breach of any covenant or agree►nent in this Secari- �
<br /> � ty Inslrnment is acceptablc to Lender.
<br /> To the cxttnt permifted by applicable law,Lcndcr may charge a reasanabl�fee as a coaditior�to Lcnder's con-
<br /> sent to the loan assumption. Lender m�zy also requirc thc transferee to sign an assumption a�reement that is acrcpt- ; , �
<br /> ' �" able to l.ender and that obligatcs the transferee to keep all ths promises and agrecments madc in the Note and in ; �
<br /> • this 5ecurity Instrumcnt. Borro�vcr�r•ill contittuc to be obli�;atcd under tlic Note and this 5ecur ity Instrumcnt unless �
<br /> Lendcr rciclscs Borro�vcr in �vritinB. ' I
<br /> � MULTI3TATE A0.1U3TAQLE MTE RIDEti-ARM G•2-S�nfl�e Fnm��y-Fennle Maa/FredE��Mec Unlform In�tivmnnt Form 3111 3�85 , I
<br /> � .. �� B�aQ�6:C�� V�IP MO�TaA6E FQ.7.'US�1J13120J 8100�10001571 77'JI � , .
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