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<br /> ° (1 Ycar Treasury InAcx-Rntc Cup�)
<br /> :'' • ` a TNIS AD1lJ5TABL8 RATG RIDER I�mudc Ih1� �T� n,v or_._.� �OUEh1BER � 1994 . ,:-:"'j;
<br /> �u • '``��`' ° and i�Incorporoted Irtto and chnll�e deemed to omtnd and euppltmcnt tho Mortgngc,Ueed af Trust.or Security lkcd(the"5�tiu�tty Instrument"1 of =-
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<br /> • '` . •*'� � the same dwte given by the vndcrsigncd(the"9orrower")ta cecute Qarrower'e AdJue�nble Rate Note(the"Nate")ta F�.QIM_�9?�9A�1��1s1lQ --" -
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<br /> �Q��D(the"Lender")ot the seme dote anQ covering�he proper�y described in tt►e Security 6isttument unA locnted ar. �-j=
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<br />-_^ �� �2.0 LAKE5YUE RRIIIE. GRAND 1;iLAND NE 68901 � �
<br /> -`7�"`'Y,���%i1Yt';,n. ..r! ---- (PropCtry Addrcs!)
<br /> ,��,•.. This note cont�ir+� provblan� �Ilowin� (or chantee In roy lnteral rnte �nd my monthly -
<br /> ''.� � ' � psymcnte.Thl�mtote�I�o(lmlte lhe�enount my Intere�t nh can chmge et sny one dme�nd —__
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<br /> � alio the rcin7mum and Ihe m�ximum nte 1 mu�t p�y. ____
<br /> ,`�� ADDITlONAL WVENANTS.In add(don to the covenants and ngreements made in ehc Security Instrument, l3orrower and Lender ��
<br />` ; . iurther covenant and agree a�follows:
<br /> .,�, a
<br /> ° " A. INTEftE'.�T RA7�AND MONTHI.Y PAY149ENT CHANGE9 __
<br /> � The Note provida for an initia!Interest ratc of 6•75 �i.Section 4 uf the Note provides for changa in the intcrest rate and thc �-�
<br /> .� ', �. � monthly paymen�9,as follows:
<br /> ,� �
<br /> � 1. lNTEREST RATE AND MONTHL Y PAYMBNT CNANGES
<br /> � _ • (A) Cluiate Dtta
<br /> Thc inter�t mte 1 will pay may change on the first day nf DECEmBER ,�g 95 ,pnd on that day cvery e.
<br />:;� '�.
<br /> ��,. �Z �nonths thereafter.Pach date on whtch my interest rate could chctnge is called a"Change Date."
<br /> " (B) Thelndex =_
<br /> ` &ginr�ing with tht first Cbangc Date,my(nterest rote will be based on nn Index.Thc"Indcx"is the wakly nverage yleld on United State�
<br /> � , Treasury securiqe�adJusted to a constant maturlty of 1 year,as made avallnble by the Federnl Reserve Boa�•d.The most rGant In�ex flgure "'"
<br /> � available as of the date 45 days bcfore each Change Date ls called the"Currcnt[ndex." �� :-
<br /> ' If the Index i9 no Ionger nvailnbiq the Note Holder will choose a new index which is based upon comparable informatlon.The Note -
<br /> , �� Holder wlll give me noNce otchis chotce. �
<br /> f('1 ('�Iru7dine nf QlunoeA =
<br /> Before cach Change Date,the Nate Holder wiU calwlate my new incerest rnte by adding T1i10 AND ONE-HALF percentaga _
<br /> � points( Z ry 7e)to thc Current Index and rounding to the nearest 1/8th of 1%i,s�ebject to the limits stated in Section 4(D)below.
<br /> Th(s roundcd amount will be my new interest rate until the next Chnnge Date. -
<br /> The Note Holder will then dcterrnine thc amounc of the monthly payment that would be sufficient ro repay in full thc principal 1 nm --
<br /> , ...'t expected to owt on thut Chnnge Date in substantlally equal payments by the maturity dute at my new interest�ate.The result of thi;,calculatlon "':_
<br /> w[II be the new nmount of my monthly payment. =-
<br /> ' ' ' (D) U�eltsoeletercstRateChinga --_
<br /> `1� ' The interest rate I am required to pay at the flrst Change Date will not be greater than 8•75 °lo or less thnn �
<br /> .- ' "�" 4.75 010.Thcrcatter,my interest rete will never Ue increased or decreased an any single Change Date by more than TWO �
<br /> � '• � �2•� � ���m the rnte of interest I have bcen paying for thc preceding twctve months.The minimum interest rate on chis Ionn will never be '� ,
<br /> , ,�;�;,, las than 4.75 r,a and thc maximum Interat rntc will ncvcr be greater than 11,75 %a_ ��:
<br /> � � � (E) Etfcetivr QateotCh�nges L"?'"
<br /> � My new interest rate wlll become effective on each Chunge Date.I will pay the nrnount of my new monthly pAyment beginning on t6e Orst P
<br /> _. .,N . ..
<br /> : monthly paymcnt date nftee the Change Date until the amount of my monthly payment chnngcs again. -
<br /> � � � (E7 Noike ot Chae=e :'
<br /> � ,. The Note Holder will mafl or deliver to me e nctice before each Change nnie.The notice will ndvise me of: -
<br /> � p) the new Interest rate on my loan as of the Chcu�gc Datc:
<br /> t „ „ ((p �he amount of my monthly payment following the Change Date;
<br /> { ' (iif) any additional matters which the Note Holder Is required to disclose;and __
<br /> F (iv) ehe addras of the ussociution yau�ould contnct regarding any questi�ns ubout the adjustment notice.
<br /> _ (, �� B. CHARGLFS;LIENS
<br /> �' � Uniform Covenant 4 of the Secur(ry lnstrument fs nmended to read ns follows:
<br /> 1. Cbtr�a;Uere.Bottower shull pay all taxes,ossessments,ttnd othe�charges,fines,and Impositions attributuble to the Propeny which mny
<br /> �� nttain a prlority over this Sceurity Instrument,and leaschold paymcnu of ground renu,i f eny,in the manner provided under p.lrugraph 2 hercof '
<br /> or,if not paid in such mflnner,by Bocrowcr making payment,when duc,directiy to thc payee thereof.Bonower shull promptly furnish I.ender
<br /> • all noNces of amaunts due under this paragraph,nnd In the event Borrower shall mnke payment directly, Borrowcr shall promptly Ihrnish to
<br /> I . � Lender rettipts evidencing such payments. [iorrower shall promptly dischnrge any Ifen which hus priority ovcr this Security Instrument; �
<br /> , �-. hov�ever, Borcower shall not be requtred to dtscharge nny such Iten so long as Borrower:(n)sha11 agrec in writing to the payment of thc i
<br /> • obligadon secured by such lien in the manner ncmptnble to Lender;(b)shall in good fnith conie�t such lien by,or defend agninst enforcement of
<br /> . � such Iten in,legnl proceedings which in the opinion of Lender operate to prevent the enforcement of the tien or forfeiture of the Property or any i
<br /> i part thereof;or(c)shall secure from the hoider of such lien nn ngrecment in a form sntistactory to Lender subordinating such lien to this �
<br /> D� ' Security Instrument. :
<br /> L�---- ---- ----- ----� If I rnd�r dntnrminnc th�t ull�r anv nan nf thn Prnnortv ic cuAirct tn n Itrn which mav mtvin u nrimirv nvo�thic Coruriw Inctrum�nt �-
<br /> - _. _ . . � ,_.. _. .-"''-�"'• - --'•"' - -._.. ..._.. ..-• -"-"-�"-..., - " -"'--'--"', '-.-"-'--•"-• -.- _
<br /> �• � Lender shnil give Borrower a notice identiFying such lien.Borrower shnll satisfy such ifen or toke one or more of the actions set forth nbove �
<br /> within ten days of thc giving of chc noticc.
<br /> � �� • C. NO'fICE
<br /> _ Unifotnt Covenant 14 0(the Security Instrument is amended to read a�follows:
<br />- II. Notice.Except for nny notice required under npplicuble taw to be given i�i anotlier manner. (a)any notice to Borrower proviJeJ(or in this
<br /> • Security Instn�ment shall be given by dclivering it or by mailing it by first class mail to Borrowcr at the Property Address or at Such other address .
<br /> as Oorro�vcr may desigaatc by notfce to Lendcr ns providcd herefn,and(b)any notice to L<nJer shall be given by frst class mail to Lender's
<br />_ ; •• address stated herein or to such othcr oddress as Lcndcr may dcsignate by notice to Dorro�vcr ns provided herein.Any notice provided for in ihis
<br />- ° Sr:ciority Instrument shall be deemed to have bcen given to Borro�ver or Lender when given in the manner designated herein. �
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