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<br /> the aame date gfvaf DyY tho uudasi�uB tthe••Barrovrcr")to aeatcr eorro�rer's Adjusta6ts Rnte Note(tde"Natd7,ro 1�Q�E�.�,QEA�.lHiRA�#l� °���—_—--
<br /> �'"•,: . ..` ' ' , , tSlAHD tehe"Lsada••)bf the sazce datr and coverfag the proD�Y�esaiEtd in the SeeuritY tnslrumint aad lacated W: . , _ - - —
<br /> ``.�• , � � 'f 726 OUREEN ST.� GRANO ISLAND NE 68801 � _-==_ _ -
<br /> . .: _ . (PropertyAd�r�ss) � . �"=�'°"�_�-=-
<br /> � - .- ..- ..-_ Thfs no�can�prafi�s fIIowiag(or cR�g�In a4y l�t tate aaa my moathiy -- - - --
<br /> ,; ,
<br /> � paymenis.aAts nots atso Umits tke Rmonat m�IateRSt nte�an cQsege et ony ane Hmt seed � � --
<br /> ... atso�e mintmum�ml the muimnm rate 1 masl psy. , � • — —_°
<br /> � ' �. ° �.. ADDTiTONAL COYENA1�3T5.Ia addidon to tlte crnenants and agraments made in the Soa�stty Instrumeset.8orroiver aad Lea�4er � --
<br /> � . fanhawvwaataada�rwasfollows: . -
<br /> ��,
<br /> ,. �' : A. INrERE�T 6A�AND MOIVTSI.Y PAYLI�NT CHANGE9
<br /> • f The Nou provIdes for an inttial interest rafe of 8•�5 %.Sxtfon 4 of the Nou provides for chauges in the ituetrst rate and the � �
<br /> , . . _ ..'�).`. mo�9Papmmts.asfoIIows: - -• • • --- —
<br /> •- ' 4. INTBREST RATEAND MOIVTHLY PAYMFJYT CHANGES .
<br /> -� - � (A) AulcDate� —
<br /> `. . . ' . Tht tnterat rate 1 w�l pay may d+.ange on the fi�st day of IhAY ,i9 96 ,and oa thst day rverY =—
<br /> ,;_: , ..:• . �Z monthsther�f�.Eachdateonwhichmyiatarestrateconldchangeiscalleda"ChangeDate." �
<br /> 4.. .�.' .._i'__•.__T.� .. _._..__ .. ._ __...._. _ ..._..._.' __.___ ' '_' ._ __ __.__".'.____.''_...___'__.'.__'____._ .... . ._
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<br /> . • �/ � ' • —
<br /> ' • Be�nning wlth[he first Change Dace,my finteresc rste w�l be 6as�aa an Iadex.The••Index•,is dte woeklyaveRageyidd on UnSr�States �"- ,�_ .�.-._
<br /> ve af �_w�
<br /> . - ---- 'freasury seattidts ad�sted to a coaztant mat�aity af 1 yeaz;as miCe a4altable by the Federal Raerve Bqard.The most aant Inda�figure -- s
<br /> _ � '. avaitable as otthedateas days before eacb Change m2r��s called t4e"Curreat IndeR." ' �e`--- -
<br /> �'- " ` ES the Indea is no toager.ava�able,tLe Note Ho2der wDi chomse a new tndex ahicD is Eased a�on compardble tnfotmatfon.7'6e Nete mm�
<br /> . . . Hol�eer an11 give me notla of this chmf� _ . ��
<br /> . . . , (C) C9lcaftttion ot '��_
<br /> . � , ' . BeforetacbCE;.�eDate�.tlteNouHoldetwIIlc2'.tnlatrmyaewinterestcateQ�g��ng T�REE AND ONE-HRLF y���g� 1��
<br /> . . � --. points t_ 3•5 Qlo)to the Curreat Inda aa3 rouadiug to tl�neareat 1/Btb of 1%,sub3ea to the Iimitn stated in Scctioa 4(11)beiow. ���^�
<br /> _•. Tlds munded amount w716e my new interess rateunq'1 the aeRt Chaage Date. . � �`
<br /> • T6e Note Holder wlll then dete�iae the atuount of the month,'y paymeat that would be safficient to repay ia full the prtn��l I am •' �
<br /> a�pocie0 to awe on t6at Change�ate in substantiatly equal payments by the maturity date at my new interest rate.She ranit of th�s caiealaBon : .�
<br /> ' ' wiD6ethenewamam�tofmymonthh►Dayment. � _`'J�
<br /> ... � .. . �) IlmibonlIItuatRateQtangea � � ` . :��
<br /> � � � The interat rate 1 am required to pay at the Puat Change Date will not de greata thaa ��•75 % os less than. � � � ���
<br /> i. , .4�
<br /> %.Thereafcer.my interest ratearill never be increased or deaeased on any singte Change Date by more than �� ;��
<br /> ' ' � 2•� � from the rate of intuest I have 6ea�paying for the preceding twelve moaths.The minimum Iaterest rate oa tf�ts loan wiU aever be, `�'���
<br />'�. , .: , •, �� las tban 6.75 %and the ma�dmam tntaest rate aill neva 6e greates tAan 13.75 %. .�,,;�' . .� •,.;�.
<br /> - . ' • (L� Eftective D�te of ChuYes ~-�
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<br /> My new iaterest mte will become cffativeoa each Change Date.l will pay the amount of my new monthIy payment beginNng on the first ���/�`"� �`.s °-`
<br /> � � • �• monLtity payment date afterthe CGaage Date undl the amount of mq moathty paymant ehangq again. f�'�`-5=��
<br /> - , � ' � (F1 NotkeolChte� •�'`� �'_—
<br /> " �. 79�e Note Holder wiD ma7 or de}iver to me a nodce before each Change Date.The natIce wi[1 advise me of: - y�
<br /> . (� the ac�sr intaest rate on my toan as of theChange Dat� .
<br /> . • �: . ('i� the a�oaat of m montht �' � .. '• I
<br /> y ypaymentfollowingtheChangeDatr.
<br /> - '' " � � ' (ii� any sdditional matters which Ne Nore Ho1da is reQuired to disclose:and ; � � ".�Yx i'
<br />-: ''. . (v) theaddnssoftheassociationywcouldoontactregardinganyquestionsabwttheedjustmentnotice. � • y�l� 1".
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<br /> _ . . _ . . . � {rJ1A1{Va��NW\J ( ' T,J� .
<br /> °,'F � . UnSform Cavenant 4 of the Se�rity Instrumrnt b amcaded to aad as follows: � , : r I �{
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<br />�, �.; ,. �.Cbtr�es:llea�.Horrowar ahail pay aU taxes,assessments,aztd other charges,fines.and imyositiaa9 atMbutabte to tAe Pro�erty which may . • �� �' .
<br /> . sttain a yriority over this Seciuity Iastsument,and lrasehotd paymmu of ground rents.itairy,in the aanner provided under DaragraDb 2 hereof ( _ `, �'
<br /> _. � . ; or,if not paid in sncA mznner.tiY Baaowa making payment.whm due.mrectlY to the paYee thercoL Borrower shaU promptly flenfsh Lendtr � : ��
<br /> , .. aU noticea M amounts Que under this ParagraDb,and in the event BoROwer a6aU make paymrnt dtratly.Borrower shaU promytiy furrtish to � . j�
<br /> � ,r , � . I.enQa raetp�evfdencing snch payments. Borrower shall Cr�D�Y�8�aay lien wbisD has prlority over thi�Saurtty Iastramea[; � .
<br /> : � � hov:rver,Borrowu shal!aot be rcqulred w dtscharge aoy such Uen so long as Boaowa:(a)sh�D egra in wliting to the payment ot tlie ..�,
<br /> •s _ . oDUgaHon serured by sucD lien in tne manner aacptabie to Lmder.(b)aball in gand faith wmest snch lien by.or defe�dag,al�st rnforammt of j . �
<br /> � � " . _ sush lIm in.legal proacdings which in the opinion of l.ender oyerate to preveat thr tniorcement oJ the tien or foKtituse of the Pro�erty or aery { ;�-��
<br /> _�. , ,, . part theraof;or(c)ahall secuse frmn the hofder of such tien an agreement in a form satisfactory to LenQtr subordinating such pen to this � � � � +
<br /> - SecuritYfasUumeat. ' f � � `,�:•�%
<br /> " If Lenda dctem8nev thaz all or aay part of the ProDerty is subject to a liea ahicls may attcln a priority wer this Securiry fnstrumen� � � . . �i;.�
<br /> �. � • Leader sLaU give Borrawer a aotice identifying such lien.Bortower sha11 satisfy such lien or take ane or more of the actEoas set forth above ` � " •
<br /> ' • arithin ten daqs of thegiving of the notice. i • � ��"
<br /> '� � . � . � ' .
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<br />, _i .. . C. H�Z� i . . � . .: :(
<br /> _ � ; , __. __ Uniform Covenant 14 of the Securityi Iaswm,ent ia ameaded ro cead su folloxs: • ` • , s.l .
<br /> • t1.NoUa:Exapt[or any notice reQuircd unda apDllca0le law to be given in anatAer maana.(a)any aotice to Bonower provided for in this ; '. , : .`
<br />_ � Security[nshument shall Ee given by deliverina il or by mailina it by�rst ciass mail to Bottowet at the Property Address ur at such othu addras ,' �
<br /> . " as 6mrower may deslgnate by nrstia to Lender as proviQe�.hetein.and(D)any noticY to LendeT shall be piven 6y first dass maii to Lender's � �
<br /> • . BdGress stated herein or to such other address as Lender may designate by nodeC[o Borrosver ax provided hereia.Any rsotice provided[or in this �
<br />_ ° • ... ' �
<br />- , ' _ Seeuitv!��«shall6`d[emcdtohaveAtrn�eiventoBnttov;Marl.endcswhmrir•erfinthemannerd?�igns*!Q4�e�ein. �_..____ _�.:� _ .
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