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<br />:�., . . ' _ (1 Yc�r'�tees�rY Qudes-�Aale�aps) Q020027290 t r ; ,`
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<br /> ''-::�`�:` ?; .. �...<, • .19 94 .and i� �" .
<br /> • Tt�IS ElD7llSfA�l.B kA'f�RIDER i�made th[s 197k �►Y of OECgMBER �
<br /> �
<br /> _ ',N` � � iar.�rportued into and shall pe deemed to�mend and supDtement the Mongage�Da.°d oP T�u.�t or Securtey Deed(thx 4
<br /> ' � ' ' ��Secur�ty lnstnunent'�)of the same dat�8iven by the uc�dersigned(the"Bomower")to secure�onaever's Adjastable .
<br /> �r- � "` _ - r� R�te�IaUe(tlhe.Noie )co The ECuitable Bui�hne aLeader")ofti�ccs�amedate.endc4ve�rin,gthep opertydesctlb� � - � `-�
<br /> . • Fedara; SBvinqs 8ank , � �
<br /> 3n the Security(nstrumeat and tocated ar. . , .
<br /> . �
<br /> _ � ., _� � . 3t07 MfMPHIS PL GRAND ISLAND, NEBRASKA 68803-9999 _ . ,.,-."';�: �;.� -:'��
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<br /> . . • . , , [prap�ty Addrasl ` . . .-- t i�s{,_
<br /> " .� � . . ' ' 1 :ll�—�e -.
<br /> ' THE N6TE COlI1TAINS PROVISIONS ALLOWING FOR Ci1ANGES tN THE tNTEEiEST RATE, , '�4-���-�_='-'
<br />�:��� �.. • ' � AND TiiE f�ONTHl.Y PAYMENT.TFtE NBTE UMitS tt[�MlfOilll�T THE BORROYI��R 3 . �v--y-=__�=
<br /> , ��v . (NTEpEST RAYE CAN CHANGE AT ANY ONEYIME All�t:'�i.'dEl�AXI�1M�1TE THE 60R-
<br /> ��="�=��_
<br /> Y ' • --,o..a._
<br /> ' . .,'. , �. ROYYER MU�T RAY. , � ' --=-=_=__—
<br /> � . -_ -----__
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<br /> ��, � . =-=---
<br /> � ' _,.�_
<br /> 3 � ADDITIONAI.COVENANTS.In addition to the coveaanu and agreemenis made in Yhe SecucitY�ment, �
<br /> � ��:% Borrower and Lender fwther covenant and ag�e as fallows: . . --
<br /> . f-�,�-
<br /> , � ' . u-�_..e_
<br /> '::.,.. - . __
<br />;�'.^"_.r_wrv:t:�....::� �. � --
<br />•.•�: .-:- -..,.,�. .. ... .1l•�_T_�T.�TE AND MONTEQ.Y PAYMENT EHANGFS --
<br /> �-� ;:.,
<br />_: •• . T'�e Note provides far an initlal inteiesf iaie of��4.?50 %:The Note�ravides�for cltan8e�in theinierest rate and �,_
<br /> � . • . nianiblY DaYments. as follows: ��
<br /> , .. .��, � . • �.INTEIdF.ST BATE AND MO1�iTHLY PAYMENT CAA11iGFS . � . � ' ---
<br /> - � `-.. � (A)Chnnge l?ates JANUARY ,19 98 .andonthaidaY -°
<br /> ' ng
<br /> . . ,r'.; � . : � . The interest raie l m71 paY�Y c��an the�'ust day of
<br /> ;°;.•:�...
<br /> . ..�r,;,;,:,.;:;; .: r. �t�y IZt&mon4h therea�'t�:._�ach date dn wluch u►Y�terest rate cauld chac�is called a"Cliange Datr�.'•' ,
<br /> ' �;•„.-... ,
<br /> . , ���+,���_,�:;,;":• : ..;;:, � (H)T6e indeu . .� ,. �ry .
<br /> "���,r , ' . Begini�;�it�h t�e�ZSi Change�2:^,my interest rate will be base�t oa an fnd�xx.The tedsx' ss Yir.,.aeekly --
<br /> eg �
<br /> . a�erage yie2d�e Board.'i'he mast recent Index �guse�avta�lable�the date 45 daYs bef o e eacheGh�.m:Date : -
<br /> � �.°Federal R
<br /> •`.� , u called 4he"Current Indzx." •
<br /> �� �� If the iudex is no ionger ava�a6Ie,the Note Hotder w11 choose a new iadex which�s based upon comparable � _
<br /> � . � . ' . informatfon.The Note Holder will�ve me notice of this choice. � � � ��:�
<br /> ',:r,,, .' • • (�Cakalation oi Chaagts �ry�p
<br /> . � Before each Change Date.the Note Ho12 O���o�eY���a .�T'�e Noe Holder wtll then roaml
<br />.. � � ' •: . percemtage points( D� �-
<br /> � � We result.of this addition to the nearest oaeeig6th of one�centa8e point(0.125°la).Subject to tht limits siatod
<br /> .;;:;`.. _ , in Ssct�oa 4N)below.this rounded amount w1ll be my new interesi rate unt,7 t�e next ChanBe Date. ��'-�`
<br />--;� `' �.'"�` � The Note Holder wID thea detcrmiae the amouat of the.monthty payment that would be suffcieat to r�Y -
<br /> � � .�• � . . the uapaid Drinclpal chat I am expected to owe at tfie ChanSe Date in full on the maturity date at my aew intaest
<br /> �. . ... �. . . eate ia substantiallY e�Iua}Papmenta•The resnit of thls catculation w�16e the new amount of my monthiy paymtnt• .
<br />�,# , ... -
<br /> �' � � . � (D)i�mit�on interest Rate�ng�
<br /> :;�. .. . . . at the fust C�anBe Qaie wU not be greater thaa 6.750 �Jo ar icss tl�ti ' ��"-
<br /> � �' 'i'�e interest rate I am reclu�d to DaY ==-
<br /> - ' ' 2.7 B0 °/o.'I'hereafter,my intetest tate will never.be increased ar de<xe�sed on anY s3nSle�haaS���� �__ _
<br /> '"�� � � � �aare than twv��ntage tsai�s(Z.0%�from the rate of interest i have bea�Pa��frs:the D�8�'e mo,a�hs.My i�����
<br /> _;�'-� , ,: .. � ii►terest raie arilt never be�reater tl�an 9.750 alo. . !'���'
<br /> �-�r
<br /> -�� ' � (E�Fdfc�CSve Date o!C�nges � _-`=.��.�:�-;
<br /> � My nep interesi rate will bewme eff�ective an each Change Date.I c�Il t�aY ihe amonnt of my aew monthly ,j;�WY��!�.•'
<br /> ' � .payment be�nnirig on the fust monthly payment date after the ChaaSe�ate until the amount of my manti�Jy pay- :R�s'.•f�..__... ,
<br /> _ .. _.�;,:,. -
<br /> �'-`-- . � ffient chan8es again• .
<br /> _:,�', � � (�Not{�e of C6saSes �;,�.�-�� �. .- .
<br /> ,.� , .� The Note Hoider wIll deliver or ma�7 to me a notice of any changes in my interest rate and the amount of my
<br /> '-_�_ ' ' manthly payment befare the effective date of aay change.'I`he notice will include information.require8 hy law to
<br /> .,� . .. . •¢:. be given me and also the tiBe aad telephoae number of a person who will answer any Au�tion I may have regazding . :: _ . •
<br /> the notice.
<br /> . . B.'i'RANSFER OF'd'fiE PHOP�1iTY O R A B E N E F I C I A L�T 1 r 1 B O R R O W E R .
<br /> Uniform Cuvenant 17 of the Security insuument is ameadeA to tead as foflows:
<br /> ' e n
<br /> ' �J T�an.�''fer o!tds PropeNy or a B c n e t i c i s l I n t e r a t i n B o r r o�v e T.I f e l l o r a n y p a rt o f t h e P r o p Q r t y or an y interest . .
<br /> �' � �n it is sold or transferred(or if a 6eaeticial interest ln Bo:rower is sold or traasferred and Bonawer is aot a natural f, �
<br /> ' � person)without Lender's pr�or written ronsent, Lender may.at its opiion,requtre imiaediate payment in full of �, �
<br /> � all sums secured by cius Securicy�nstn�ment.However,ttds option shaU not be exercised by Lender if exetc3se is
<br /> � prohnbited by federa!law as of the date of tbis Secarity instniment.Lender also shall not exercise this optton if: � �
<br /> (a)Borrower causes to be submitted to Lender information re,quired by I.eader to evaluate the intended uausfere� �.
<br /> ,� ' �' as;f a aew W�n were 6eing made[o the transferee: ancl(6)1.eader reasonably determines thac Lender's sesurity
<br /> - • n
<br /> � � � wi11 noi be impaired by the loan assumption aad that the risk of a breach of any covenant or agreement f n this Securi- _
<br /> " , ,. � � ry Instnunent is acoePtab2e to Lender. � � .
<br /> ...
<br /> ' • To the extent perutitted by applic�ble law,Lender may charge a reasonab2e fee as a coadition to Lender's con-
<br /> � �' � - sr�t tszL�l�an 2ss��mptinn.l8nder maY also resiuire the cransferee to sign an assumption agreement that is acce�t- ---_
<br /> n
<br /> '_. � ��°- able to Lender and that obLgates the uansEeree to keep aD the promises�3 agrce�ems mac�r 6,t�e Z ���
<br />:,„° -' - • ' ' ttis Sr,curity Instrument.Bonower w i ll continne to be o b li g a t e d u a d e r t h e Note and this S�uriry Instrumeet anle�s � � . . � ,
<br /> _.. • : Lender releases Borro�►er in��rritin�. , .
<br /> ' + • IdilLfISTA1E�AtUSTA8IE HA7E�+DfFt—AL(bC 8�2-5=�+&e fam�h—Fem�s 11&aelFm�s fsso UNfan+humcrssrit Fmm 3111 3l83 �
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