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<br /> , .{��.��.����� F�tx�.
<br /> . ,� � . ° /#1l,➢US'A'Ail�,��, p�l�'A'p; I�A�)p:p� . �.�
<br /> � (I Yenr'f►cn►ury� Index—Rnic Cnps—I�Ixed 1lnlc t;ourcrslon lt�Hion) , `
<br /> 10TH � -��::_�„ �._.
<br /> J .. . �
<br /> ,`•�� ..
<br /> " , .I'I I IS AUJUS'fAULI:RA'I13 ItIULtt is made�I�fs X�(c�� dny uf DBCerr�ber � • _,__�,.,,;a,:.
<br /> ' 19 94 , and Is Incnr�►orolcd into nnc! slroll bc dceroccl lo nnunJ nnd suppleoienl Ibe Mnrlgngc, Ueed of'i'rost � +
<br /> or Secutily qeeJ(llte "Securily Insirtmtenl")af Ihe snn►e dn�e given by Ihe und�tql�neJ(llie"punu�ver")lo eecute �.--.. --. � r_---
<br /> . Uorrower's Acljustnblc Itale Nulc(U�x "Note") la 0.='�Y,-�__-—
<br /> OOLUt�US FEOERAL .�'iAV i NC3S BANK (ll►e "Lcndct")of 16e :.'�=�.;����r-�--
<br /> .y.,:-:�.,,��h�-
<br /> snme dale nnd coverl�ig ll�e ptc�perly �Icsc�ibed in Ilie Sectnily IusUmncul und Ioraled nl: �.,;;,�;�','�'L'='""�"
<br /> ., ..<<s���.,_`_ -
<br /> ,�_ -`;vi%�;,eer�r•:
<br /> 121 MtEST 14TH STF�EET ORAtVD I SLAPID, NE 68601 �`���'�'"�'
<br /> �.., .��..� -_--
<br /> . =°��_tryi:� ° —
<br /> �I'ro��eriy AJdie�e) ..,'e`�a=°�`"_.�
<br /> .. .wL:�l;::a.-Gi��---
<br /> TIIE NOTE CON7/�►INS P(10VISIUNS ALLOWIPVO FOh CI IAN(3ES IN 7FIE INTEIIE�t IIAT� -'��i-'"ST°"°'°---
<br /> . ,_s,��.__._�,._.._—,
<br /> /�Nn TFIE MONTIILY PAYMENT. 711� NOTE LINIITS TFIE AMOUNT T�IE BORROWE�i'3 `,,;�::,.'��`���q,
<br /> ' •• AD.IU&TABLE INl'E(lE9T Ill1TE CAN CNISNOE A7 ANY aNE 71ME ANd THE MAXIMUM '`� "'",
<br /> 'v,;,."�''v-�°-7"°�Y'--"'"-�°���,
<br /> RATE TF9E BQt�iiOWER MUST F'AY.THE I��TE A130 CONTAI7V31I IE�PTION TO CONVEIIT ___�=�
<br /> TNE ADJUSTABLE IIATE TO A 1'IXFp IIATE. �`-���._ - -
<br /> . ��•...,`
<br /> AUA)1'1'IUNAI.(:UVLNAN'I�S. lu addi�tun lo il�c covci�nnlq ond r�yiccmcros mnJc h� tl�e Scru�iiy Iaz�eun�cni. �i.`"�--��
<br /> Uurro�ver qntl I,ender furlher cc�venoul nnci ngicc ns fc�lic�ws: �S:i��—.=..s6•
<br /> .fsllAf!fYQ�:��?_
<br /> A. AUJUB'1'ADI.I's IlA'1'L ANI) MONl't11.Y 1'AYMI;N1' CIIANUIiS --- -
<br /> 'l�he Note prnvides for an 6tilUnl litterest rete of 7.7500 �/o. 'I'he Nole provicles �or chnnges � �����`,��:_r:r�;
<br /> in �I�e ecljustable in�erest rnte nnd�he mon�hly paymems, ns fnllo�v�: ;, ___�
<br /> A. AU.IUS'1'AIILI's W�fLItCS'I' IIA'1'I"s ANU MON'1111.Y I'AYA11SN1' C1IANGI;S ==—
<br /> . .�;' _
<br /> ' � (A) Clmoge UMea ,: .•. --
<br /> 1'be edjuslnble Interes� rale i will pny may chnnge on Ihe firsl d�y of Jet'►ue►"Y ' � "`
<br /> . • ,
<br /> —.-----.___.._--- ,� � � ��e .1.Ini� .e��ni���uld chnnee �•� �
<br /> „ 19 �o .anti pn t'Imt uay every i't�i�moniii ii�ercuiici.�u-��cli�l�.i�c�s�.,lcl:s::y..:!),..lnl.._...._►... '
<br /> ' ,.. � ,
<br /> Is calleJ � "CI►n��ge Unte." °�
<br /> .
<br /> (11) '1'he h�Jea . .�
<br /> - Ileglnning witli lhc(i�sl Chonde Uole,my nclJus��ble in�eres� ralc�vtll bc brscd on nn Indcx.'The"Index" Is Ihe
<br /> weekly averaae yteid on Unfted Slates l tensury securities nclJosleJ Io n conslnnt meturily ot I ye�r,ns n►ti�de avniiable ` ,
<br /> by Ihe 1'edeial Reserve Uonrcl.'i�he mosl rerenl Index Iigu�e nveiloblens o�Ihe clnle AS dnys befo�e ench Chonge Unte � �
<br /> •' �ri
<br /> Is cnlleJ U�e "C�rrenl Index." 'p`'�.'''
<br /> If Ihe Inclex Is no(onger nvnlinble, Ihe Nole I loltler will chnuse a� uew {ndex wldcli is bnsed u��en cump��able �;,�,;�,: �
<br /> h�fonnnUon. 'I�I�e Note Ilnlder will give me notice of Ihis d�oice. ' u �;� '�!
<br /> , .w
<br /> ((:1 Colculnliun ut Chnngen . �S
<br /> Ilefore encli Chnnge 0)ote,Ihe Nole I Iolclei wlll cnlculnle nry ne��In teicsl rnle by adding . �:�=
<br /> 2.8750 pereeiUage poluls ( 2.8T50 %)lo the Cutrenl Index. � , ���';r'.-
<br /> 'I'I�c Note Ilolcler �vUl ll�eu rouuJ lhe resull of this addllion lo the nenrcsl one•eiglill�of one percentoge pohit(0.125Wu). ;., �'
<br /> 5ub)ect to the lin�ils s�nted in Secliou 4(U) below, Ihis rnunded nmount wlll be my new intere�t rale uii1H Ihe nexl �
<br /> ��`
<br /> Chauge UAIe. � �
<br /> 't'lie Nole Ilolder wlll U�ai delermiue il�e mnount of llu �nonlldy pnymcnl lhnt��oulJ be�ufficfenl Io rcpay U�e i `��
<br /> unpnld rrh�cipwl Iha!I nm exrecled lo owe�t lhe Cl�nnge Uate In (ull on Uie mnlurlly Jate nt my ne�v intetest rnte ,;
<br /> in subslantfplly equal neymenls.'I'he resull o( this colculallnn will be tlie new �ntnuul of tny monlhly pay�i�ent. I J{
<br /> (U) Lhnll� on Inlcresl tlnle(:bnn�es I{ �' i'
<br /> "I he hUeresl rote I ai�i d ed lc�pay al Ihe f Bsl Chnnge Uote wlll nc�l be gienler Ihan 8.7S00 °lo ! .
<br /> vr Iess Ihan �•��bd o�o,•���etenfler,n►y aJjuslnble hiteresl rnte will neve�be increesed or Jecrensecl �
<br /> � un any singlc Clmngc Unie by tnuie U�on one perceninge poi+d (1.0��0�Rrnn Uie rnlc of inleresl 1 linve becn pnyi��g �
<br /> , " tc�r Ilte prececling 12 monll�s.My Inle�est inle will never be g�enler Ilin�� 11•7500 %,�vlAch{t cnlleJ
<br /> ll�c"Mnximum R�le". •
<br /> ; p;) Ltferllve Unlc of Chnnges
<br /> My new Inle�est iale�viil become e�feclfve on ench Ch�nae Un�e.I�vfll�niy Ilie anwunl of my new iuo�dhly paymeni
<br /> ' be�lnnina on the(irsl monlhly poymenl dnle nfler U�e Ch�nge Uele unl il Ilie amount of uiy mnnUdy pnymenl changes
<br /> i�gnin.
<br /> (1�) Nullcc uf Chnn�!es ' .
<br /> '1'he Nole I lulcler will dellver or ms�H t�nte n noiice of n��y chswges hi n�y tuljuxinble Inlerest rolr nnd Il�e nmoun�
<br /> o�my monlldy�myroenl befoie Ihe e(�eclive e1n1e o�any cl�nngc. �I l�e ��aifcc will hirloile fnfc►in�niiun icqni�rcf by li���•
<br /> Iu be given u�c nnd nlso Ihc Iille mul Icle�ihune nombcr of n��c�snn a•lic���III uns�vci nny queatlon I mny I�m•c�cgn�Jing .
<br /> Ihe noUcc.
<br /> - It. I�IXIsq IN�t'IiIU�SI' IIA'fl: UI''I1f1N
<br /> 'I'hc Nnle p►nvides for Ilie Uor�ower's rp�lnn 1�cnnveit Rum nn wljustoblc Iiiieics� in�r�vGh hi�c�cs� intc lio�i�s
<br /> - � �n n fixecl interest �n�e, ns foll��vs:
<br /> S. fIX1�.ID IN'1'I;ItISI' ItA'IL CUNVLItSWN UI'l1UN
<br /> (Al Upilo��lo Cnnvcrl lu I�Ixed Itnlc
<br /> 1 liove n (:onvers{on Uplfon Ihm 1 can exereise unless I mn In clefnull ctt It�is Sectinn S(A) �vill no� permii �uc
<br /> ` t�cln so.'1'he"Cunverslcm Upllon"is tny upl6ou In cnnvert Ihe D�leresl �nte I nm iequired Io pay by Ihis N�IC fivm
<br /> an ncljustnble rute wilh Inleresl inle Ihnils In Ihe fixeJ rnle cnlcalnleJ uneler Seclinn S(tl) beloa�.
<br /> �� 't'I�c cnnveralon cm�nnly lnkc pinrc on n Jnle(s) a��ccificd by Ihc Nole Iluldcr during U�e ��cr{vJ bcginning un
<br /> " Ihe tirsl Chnnge ViHe nnJ enJf�igon Ilie flfU�Chnnge Unle.Cocl►dole on whicl��i�y�ulJust�ble interesl rrie rnn converi
<br /> 1�1he oc�v fixed r��le i9 rnllccl Uic "Canvcrsfon Unlc."
<br /> . ,� � �� 1�����
<br /> MUIT�BTAIF./ibJ11STApt@ n/�TE NI)En-At1M PIAN 61-S��+q�n fm�dl�-��u+nl�Mnn U�d�o�n+h�euumenl Foun 3�18 17./01
<br /> � (1AGA mi�7i v�+r�.�nmonrir ro�u�g • in�ivn�n�rn • mnn+v� r�0�
<br /> ---- u� -- _ .
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