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<br /> � ADJUST��LE RA►TE I�I��� � ., �—
<br /> (3 Year"iYesaury Index•Ita�te CApa) �_ '�
<br /> ° THIS ADNSTABY.B RATE RIABIt is made tht� 16TH day of DECEMBER, 1994 ,and i.q „ ���
<br /> � incarporat�;d into and shall be dcemed to emend and eupplement the Mortguge,Aeed of Trust or Socudty Deed(tho"�cciulry �,
<br /> Insaument")of thc same dute g�ven by the e•.ndusigned(the "BonowEr") w sccure aorrower's AdJustnble Rutc Notc(�ha .
<br /> "Note")w FARM CREDIT SERVICES OF THE MIOLANDS, FLCA, 206 S. 19TH ST. , QMAHA, NE 68102
<br /> (the"Lender")of d�e ssime date nrtd covcring the property descri'bed in the Secwlty Inswment z,nd located at . .
<br /> ,av�
<br /> 18650 W HOLLYNG ROAD, SHELTON, NE 68876 .•�,__
<br /> I��y�ndres•J .. -_ -
<br /> THE NOTE CONTAINS PROVISIONS ALLOWING FaR CHANGES IPI THE IMTEFiEST RATE � R
<br /> AND THE MONTHLY PAYMENT. THE NOTE LIMITS TH@ AAl10U[dY THE BARROWER'S �� '"`
<br /> INTEF�EST AATE CAN CF9ANGE A'� ANY ONE TIME AND THE MAXIMUM RATE THE '?�
<br /> +"..
<br /> BORROWER MUST PAY. , ,�;ti =�
<br /> ADDITIOAIAY. COVENANTS. In addidon to the coveru�nts and agreements �r►ad� in the Securiry Insirumcnt, �;�j��,�^
<br /> Borrower and Lender funher covenant and agree as foUows: "
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<br /> A. INTEREST RATE AND MONTHL.Y PAYMENT CHANGTS � �
<br /> '�Ncsie .o�ld�faz^,s:issisi..l3s:tr,r�t z^«te�. $.5..��. 'l�se N�L.. _'��,
<br /> F. ., s � a. �.�nyirira f�r r.han�ea ia the interest ratc and the .��
<br /> �
<br /> monthly payments,as follows: �` , ;� .
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<br /> 4. INTER�S'�6RATG AND MONTHLY PAYMEI�dT CHANG�S K
<br /> (A) C6ange Dates ' '�.•�: -
<br /> 'I1�e interest rate I will pay may change on the fust day of J anua ry, 1998 ,and on that day �� �:. ;;,�;;�
<br /> , every 361h month thereafter. Each date on which my interest rate could chenge is called a"Changa Date." ' �
<br /> (li)The Index i���
<br /> Beginn[ng with the fust Change Date,my tnterest rate will be b�.scd on an Index. The"Index"is thc weekly averagc � '
<br /> yield on United States Treasury securides adjusted to a constent maturity of 3 years,as made nvaulable by the Federal Reserve ,,
<br /> Board. 'Ihe most recent Index figure available as of tha date 4S days before each Change Date is called the"Current Index" . ,;�.
<br /> If the Indea is no longer av�ilable,the Note Holdes will choose a new indcx that is based upon comparable informadon. , `�� ��
<br /> 'Ilie Note Holder will give me nodce of this choice. , , �
<br /> _ (C)Cakulution of Chnnges �.
<br /> Before each Change Daue,the Note Holder will calculate my new interest rate by adding TWO AND THREE-QUARTER � �..
<br /> ***r�***,�*,�**�*,�*,�***************,�*�**�****�********,r********,�**,�**,�********�****,�*** � , . �
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<br /> percentnge points( 2.7503'0)to the Current Indea. '17ie Note Holdcr will then round the result of this addidon to the , r"
<br /> nearest one-eighth of one percentage point(0.125°Xv), Sub}ec;t to the lir�aits stated in Secaon 4(D)below,this rounded amount � ��
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<br /> will be my new interest rate undl the rteat Chango Date_ •�.. ,,'
<br /> . 'I7�c Notc Holdcr will then dctermine the amount of the monthly paymcnt that would be suf6cicnt to repay the unp�id .
<br /> principal that I am expccted to owe at the Change Datc u�full on the maturiry date at my new interest rate in substandaily � ,
<br /> equal payments. 'Ihe result of ihis calculation will be ihe new amount of my monthly paymenG
<br /> (D)Limits on Interest Rnte Chnnges
<br /> • The[ntecest rnte I am requircd to pay at the first Change Datc will noi be greater thun 10.625 9a or less�han
<br /> 6.625qo. 'Ihercafter,my interest ratu will never be incmased or decreased on any single Change Date by mon:
<br /> than two percentage poinLs(2.09'0)from thc rate of interest I h�ve becn paying for thc proceding 36 months. JMy intcrest rate
<br /> will never t3e greutr.r ihan 14.625�'0. —
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<br /> MUL'1'I3'PA7'� ADJUSTABLE RATi: KIDER •3 YEAR ARM PLAN• Singlc Fnmily• r��nle Mae/Frcddle Mac Unlform Instrument
<br /> Form 3114 7I88
<br /> Fo�m 2830U (9406) Pape t ot 2 Doeld 0000001177 OqN Leta Butlnest Form�,Ine.�Ta OrGrGll:t•t09•530�B39J0 hs816•791•1131 -
<br /> ACCTlt 61482010
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