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<br />_'� ^ THIS ADJUSTAOl.�RAY�RID�R le r:adc Ihio 1 STH aay or . pt:CE�48t:R _�______ _.19��+�, - -
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<br /> r. and 1�hieorpornttd into nnd chall be dccmcd to amtnd nnd nuppfcmrnt tha Mortgngc,Utcd nP Trust,ar Sccurlry Dtccf pho"Sccurtty[nstruncnt")of , ��r,�;�_r,�,
<br /> D A a AN_ ���`,=,=--
<br />- " ' ° �hc eeme Aasc elven bY tho underotgred(the"(SorrowcP')to ncsurc Borrower'e AdJusinblc Hatc Note�thc"Notc")ro F.L�_M!�,F�.��.� R '`''i;�`�:-�:;,;w�n
<br /> �¢�1p(thc"I.er.der")o!the enme dnte a�td covcring�hc prop�rty dcscribcd In the Sccurliy Instn�rttcni nnd I.ncntcd nt: '� �
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<br /> � 420 JOHNSON QRIV[� GRANQ �SLAND NE G@003 �"� ' '-� '-, '�
<br />; � �. K":�.i'�?.'�.�,.�.�.----
<br /> - (Property Address� - �
<br /> 'i.jy:_ _ '__
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<br /> Tl�le note corttelru prov�lon�rllowing for change� In my Interest mte �nd my manihly �' '� r.'::}�-�---._-
<br /> - `4,'`,;lubd.�'•�..''•;o.,_.�
<br /> . • psyments.Thle note�Iso ilmlte the�mount my Irtterest nte cso chsnge�t any one ttme�nd .:�..4,.�==_--
<br /> also the minienum urt�lhx m�ximum nte 1 mus�pay. ��"'l"F
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<br /> :-•-�t..;,,:�iZy?Vnt°, _—
<br /> �,. ., ADDITiONAL CUVENAN"PS.In addition to the covenunte and agreeme��ts made in the Security Ins¢rument,Oorrower and Lendet �,������_f`
<br /> � further coveuant and agrce as follows: ��+�,�.,ffit�—.
<br /> ?sr:;,,�r_====:.---=—
<br /> � ' A. IN'CEltES7'RATE AND MONTHLY PAYMENT CHANGE3 ` ,��"'�"`���'
<br /> , _,•-: .-
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<br /> The Note provtdes for an initlal fnterest mte of 7•5p %.Section 4 of the Note provides Por changes In thc interat rate mid the ' ' r��=---_ �-_
<br /> . •;;{�-__--- --
<br /> � monthlypayments.asfollows: �n�'Mr�•-='
<br /> ..j�, _
<br /> • 4. /NTERF.ST RATE AND MONTHL Y PA YM�NT CHANCES ` '��,�l�r��
<br /> a (A) Chnioge D�ta ����
<br /> .�E�;:�+_
<br /> ' The inter1�rare t will pay mny chnnge on the first day of JANUARY ,ig gs ,and on thnt day evcry •.�,,�•��°%� •.�
<br /> ����:°� months thereaPter.Euch dote on which my interest rate could change is called a•'Change Date,^ � '�L'�V� —
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<br /> (B) 1'he lcdex F�'"'<�.-
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<br /> Beginaing with the�rst Change Date,my interest rate wila be based on an Index.The"Index"is the wceklyaverage yield on UnIted States ._�:e'�,.�:_
<br /> Treasury securitla adJusted to u constant maturity of 1 year, as mnde available by the Federal Reserve Board.The mo�t recent Index figure ' _
<br /> avellnble ns of the dntc 45 days beforc each Change Date is wlled the"Current dndex."
<br /> IP thc Index ie tto longer avullable,the Note Holder will choose a new index which is based upon comparable informatlon.Thc Note !� -
<br /> Holder wfll give ma noda of this choice. . ��
<br /> i
<br /> ' � (C) Cal:ulaUanofChsngea ,.,.,� „�, �
<br /> �., BePorecnch Change Dnte.the Note Holder will calculete my new incerest rute by adding i itiu nivu uiu�-nnu .perCentagt ::�
<br /> � potnta( �-� —°%a)to the Currem Index and rounding to the nenrest 1/Sth of I%,subject to the Iimite steted In Section 4(D)below. .
<br /> -� � Tt►i�rounded omount wfll be my new Interest rntc untll thc next Chnnge Datc. I ���
<br /> 'i'hc Note Holdcr wfll then determine thc amount of the monthty payment that would be sufficicnt to repay in full the principal t am F�_�.
<br /> expected to owe on�hat Change Date In su6stnntlally equnl paymcnts by ttie muturity dute at my new interat rate.Thc resuit of this calculation �`''�" I�
<br />• will be the ncw amount of my monthly paymcnt. �' .
<br /> • •�ry
<br /> „ (D) Umlb on letcral Rale Ch�nac� �:. I
<br /> ' The interat rate t am rcqufred to pay nt thc first Chunge Date will not be greater than 9'5D % TWO�s than �'���=,.,
<br /> 5.50 we.Thereaftcr,my interest rnte will never bc incrcascd or decreased on any single Change Date by more than ��
<br /> " ��-❑�L from the rate of intcrest 1 have bcen paying for t6e prcceding twelve months.Thc minimum interest rate on this loan will never be
<br /> less then 5.50 %nnd the maxtmum intcrat rate will never be grcacer than 12.50 �%, ' �,ac-
<br /> i,`-
<br /> ° ,. (E) Eikctive Date of Changea �<��. -
<br /> My new interest rate wip become effective on each Change Date.l will pay the amount of my new monthly payment brginning on the first .
<br /> � monthly paymcnt dutc ufter the Chenge Date undl the amount of my monthiy payment changes agaln. �
<br /> I �.
<br /> ° �� (F� Notice ot Change� 's
<br /> ' The Note Holder will mail or dellver to me a notice before each Chunge Date.The notice will advise me of: �I �'�
<br /> � (i) the ncw interest rate on my loan as ot�he Change Dace; f r,-
<br /> (il) the amount of my monthly payment following the Change Date; � �'
<br /> •� � ((ii) any addidonal matters which the Notc Holder is required to disclose;and �'
<br /> �
<br />_ ;•;
<br /> � i�
<br />,, (iv) the addras of the associntion you could contact regarding any guestions nbout the adjustment notice. � "
<br /> B. CHARGFS;LIENS I
<br /> ��>' •• Unlfarm Covenant 4 of the Secudty Instrument is iuncnded to read as Foilo�vs:
<br /> I
<br /> 4. C�arg¢s;I.lens.Borro�ver shull pay all tuxes,assessments,and other chargcs,fines,and impositions attributable to the Property which may .
<br /> � ,i attaln a priodty over this Security Instrumcnt,und leasehold payments of ground rents,if any,in the manner provided under parugraph 2 hereof
<br /> or,If not pafd In such mnnner,by Borrower mnking payment, when due,directly to tlie payce thereof.Horrower shnll promptly fumish Lender i �
<br /> atl notices of a�nounts due under this puragraph,nnd in the event eorrower shnti make pnyment directly,Sorrower shull promptly furnish to �
<br /> „ I.endCr receipu evtdenctng such payments. Borrower shall promptly dischnrge nny Ifen whtch hes priority over this Security Instrument; i
<br /> � however, Horrower shall not bc rcquircd to dfscharge any such Ifen so long os Borra�ver: (a)shnll aQree in writing to the payment of the
<br /> " obllgatlon secured by sucli lien in the mnnner acceptuble to Lender;(b)shall in good faith contest such lien by,or de(end aguinst enforcement of
<br /> such Ilen In,legnl procecdinIIs which in the opinion of Lendcr operate to prevent the enforcement of the lien ar forfeiture of thc Property ur any
<br /> � part thereof;or(c)shull secure from the holder of such Iien an agreement in a form snttsfnccory to Lender subordin¢ting such lien to this
<br /> � Security Instrurnent.
<br /> __ ___ _ __ I[Lender derermtnes that all or any pare of the Propeny is subject to a 1{en which may attain a priority over this Security Instrument, ;
<br />-- - __ --__ _
<br /> � Lender shttll give Borrower a notice identifying such lien,Borrower sliail satisfy such Iien or tnke one or more of the actions set forth above --
<br /> � within ten dnys of thc giving of the natice.
<br /> ,
<br /> ;j C. NOTICE
<br /> i Uniform Covenant 14 of the Security Instrumcnt is amcndcd to rcad as foliows: '
<br /> � � 14. Notice.Except for any notice required under applicable la�y to be given In another manner,(a)nny notice to Borrower provided for in this ,
<br /> � Security Instrument shall be given by delivering i[or by mafling it by first class mail to Borrower nt the Properry Address or at such other address
<br /> 1 . . [ts Borrower may deslgnate by notice to Lender as provided herein,and(b)any notice to Lender shnll be given by first class mail to Lender's ,
<br /> address stnted hcrcin or to such othcr uddress as Lendcr may designaie by noticc to Borrowcr as provided hcrcin.Any notice provided for in this
<br /> ' Securiry Instrument shall be deemcd to hnve becn given to Borrowcr or Lcnder when given in the m�nner designatcd hcrcin. � •
<br /> �
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