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<br /> � .4 ° t •� ' • . (1 YeacT�surYI�ex RateCe�s) ` e. _ �.z:-
<br /> _ � '
<br /> -� ' ' . � 3ANUARY _�19 95 ,�
<br /> . • ` TFIIS�NSI'AB�[tA'CE RIDE'ti is made ffiist_�s��"-.y of - ��`� .
<br /> -" `c • ' . ... . :'.,;3,, ..c�.
<br /> _ �d t�iacorporazed tnto mm�shnll be deemed to amead ead suppIaaeatche Mortgage.Deed of Trast.or SeatritY Deed tthe"Sewtity IastrumtnY9 ot �..,;..�,.�._._���..
<br /> ` �; .,. . � � ' the aame dua given 43 the nndasfgaed(t6e••Borrowa•')co sxurr Borrowds Adjunable Rese Nate(che••Idote'q to lf0Al1E FEOERAUQpAND . . • , '
<br /> -" � . ' IS}.AHfl(sLe•'Leada'7 of tfie same date and covering the proP�Y desaibed ia the Seeuiiry Instrmmmt aad Iocazed at: �- . . , ...`.
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<br /> <<� � . � � ' -S. � — '
<br /> �.,.� `. = � 1041 N. WEBB RD: GRANQ ISLAND NE 68803 .� ' "� ��
<br /> (PropertyAddress) �t�� :�:�
<br /> :� TALa¢oLe wn�1�v pmvtstoas allowtna tor cP�aages(n my Intc�rest taee�rtd m� moath{� � ' . . . . .
<br /> " paymm�.ThL4 note alsa iimits the amannt mq Intesest tale can change at avy oae dme nnd . . , . , �
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<br /> ,-- .':''. , -- aLsothemfaimamaa8taemmdmumn[el�astpay. ._ .._s .::
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<br />_ ,� .-.� ,. . ADDITIONAL COVENANIS.In additioa to the oovaants and agreements made in the Sernrity r +*^�!+t,Bomowa aad l.eader . � cS-::�•-:
<br /> ; � . ._ fur[hercovwantandageeasfoIIows: °� • ,�::,`::
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<br /> � A. INFEBFSi BATE AND 1MlONTffi.Y PAYMERiT CAAN(�3 . '^-�._-
<br /> ,.�.t.V.;
<br /> J . • 7'he Not�Drovfdes for an inittai interat rate of 8.ZS %.Secdon 4 of the Note provida for c6an�es in the interest tate and the . • `���.���°..
<br /> . moathlY PaS�.as follaws: . . .>'0 9;�-�,_,�-
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<br /> . _ -.: . 4. INTERESTRATERNDMONTHLYPAYME1�Pl'CHANGES � ':-�----
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<br /> � The interest rate 1 wi�pay may cGange oa the first day of FEBRUA RY ` ,19 96 .and on that day every _. �'� .l�� _
<br /> �2 months thereafter.Eacb date on wtuch my inierest rate could change is called a••Change Date.•• _,� �, -
<br /> :�' � ,.. •.x:-•t.�,.�_ -
<br /> �D TDeladrx •� '" � -�= ---
<br /> . _ . . � .� Be�anin8 with the first ChanSe Date,my interest rate will be trued on aa Iadex.The••indrx,•is the weeTciy average yIeld on Onited Staces r,,�",. .y
<br /> .'.. _.� � . ' ��. . . ll... �._ _.:�'._
<br /> -- ---F-••--��= - �--. _ . . �reasuryacauhies-adjusted�toasanstaatmataritgof l�year;as,a�ade-availablebytheFederal-ResaveBoard.ThemostreeentIndex�Srue-----�-- ---. ----:,. ��-
<br /> � . • ._. . availabie asof thedau43 days 6eforeeach Change Date i�caltedthe"Ctiurent index." . - -- .-`��`i�R-
<br /> •- ,. • ' • . If the[ndu is no 1ouger awa�7abte,the Note Hoider aiU choose a new index which is baud upon comparab2e informadon.The Notx . � . �
<br /> , • � � , Holdawillgivemenotiaoft6ischoice. � � ��:`"�
<br /> - -'. (� i7alcaiatlouofC6aages . ' . -�e `
<br /> � - �- -- Hefore each Change Date,the Note Holder wAl calculate my new interest rate by addiag THREE RND DNE-IiALF p���$e • . ' , �
<br /> ` . . �� y oints r 3.S afa)to 1he Current Index aad rounding to th6 aearest I/8th of 1%,subject to the litttits st�ted in Sxtion 4(D)below. . � ` � 'i �
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<br /> _ ,. -.. • . T6ts roaaded amonat w3ll be my new lnterest rate uaU7 the next C6aage Da[e. : . , �.:
<br /> 'fhe Note Holda aill then determiae the amowtt of the montlily paymeat that would be snfficieat to repay�fall the privapaf I am � ��
<br />—.�_' ._,_...__ __'_.�'. __ � __� . J:� :
<br /> , e�cpected to owe on that Change Date in substantially equai payments by the maturity date at my new Jaterest rate.The result of this calculaHon ,
<br /> � � � w�l be the new�ount of czy monthly payment. E� . -�I� �.
<br /> Y
<br /> : � .. �) I1m(ti oa Gitis+est Rste Ch�nges . � ::��� �
<br /> � � ltte interest rate I am required to pay at the Grst Change Date cn'll not be �eater than �0•75 elo or less t9aa f �� � '
<br />_ , Y': . • ' � 6.75 %.Thueafter,ctty interest rate w71 never be lncreazed ot decreazed oa any singte Change Date by mote thaa TL10 E-_, ;:- -. - Y-,,•E
<br />- � ' � 2-d from the rate of interest I have been paying for the preceding twelve months.'fhe minimum interest rate on this toan witl never be . � �'
<br /> r` . . . ��ry� 6.75� %and the maximum interest rate will never be greater than 13.75 %. ,.: �J!.ii
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<br /> ".. ` �. ' (� EtiectiveDateolC6anga i . �'=�
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<br />-'' � � , My new interest tate wiA become effeaive on each Change Data t will pay the amount of my new monthly payment beginniag un the first � �
<br /> � • . � monthty payment date aRer the Change Date until theaatount ot my monthly payment changes again. � .
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<br /> � . � � (i� Noda of C�ngcs � , '.
<br />- '+ , .; �' �,' The Nou Holda ai11 mell or dellver to me a nodce Defore each Chaage Date.The notice wiU adWse me of: �
<br />: � ..� . - � (� t6e new interest rate on my loaa as of the Change Date; ' "
<br /> � , . (il) the amount of my moath2y payment tottowing the Change Dace; + ' ' ,�`` . . .
<br /> ' •• (iii) any additional matters which the Noee Holder is reQuired to disclose;and . i• �
<br /> � � (iv) the address ot the auoctation you wuld sontaa regarding eny quessona a6out the ad;usunent notice. !
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<br /> ��` � • ' - B. CFIARGFS:LIEttiS � . � . .
<br /> . , , • . Uniform Covenant 4 of the Securtty Instrwnent Is ameaded to read as follows: �.� � .
<br /> : r;'." � � • 4.Chug�n;Lea�.Borrower shall pay all toxes,assessments,and other charges,�nes,and imyosiuons attributable to the Propeny whtch may i'• '
<br /> _� ' , ' attaia a priortty over thLr Security Inswment,and leauhold payments of�ound rents,itany.in the manner provided under paragraDh 2 hereof f• .
<br /> �.�� „ er.it not paid in such cranner,by Bonower makiog payment.when due.dlrectly to the payee thereof.Bonower shall prompdy(umish Lender k .
<br /> • .� all notices oi amounta dne under this paragraph,and in the event Borrower shall mako payment directJy.Borrower shall promydy furnlsh to � .
<br /> ' • . '. � Lender radpts evidencing sucA paymenp.Borrower shall promydy dlscharge any Gen wAicH has priority over thls Security i�suument; ' .
<br /> ' howevtr.Borrower shaU aot be req�ired to discharge any such Ilen so long as Borrower:(a)shall agrce In writing to ffie payment of the � • � �
<br /> , . � . obllgafloa secuad by sueh lien in the manner acceptable to Lender.(b)shall in good ta[th contat sach lien by,or defend agaimt enfprcement of � • .
<br />- :. ,. � • sach lien!n,tegal proca�dings which in she oDin3an of Lender operase to prevent tne enforcement of tAe tien or forfeiture of the Proyercy or arryr �
<br /> � . " pazt thereof;or(c)shall secvre f�om the hoIder of such lien en agreement in a Porm satisfactory to Lender su6ordinaziag such tien to this ' � �
<br /> � Seturity Ictt[tuatent. � • .
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<br />_ � . _ if I.ender determines that all or any part of the Property is sub�ect to a tien which may attain a priodty over this Security instrument. ; '
<br /> � ' , . I.ender shall give 8oaoarer a notice idendtying such IIen.Bonowet shall satisfy such lien or take one or more of the actions set fo»b above � ,.
<br /> - . ' witAintendaysotthegivingofthenoNce. ! �
<br /> , • � . C. NdfIC(? � •.
<br />- . . Un�form Covenant 14 of the Sec�uity[nstrument is amertded to rcad as tollows: , �
<br /> .,: . .
<br /> . �-j � 14.Not1a.Except for any nqtice cequired unQer aDDlicable!aw to be given in another manner,(a)any notice to Bonower provided for in this ••
<br /> � _ ' _ _ Security InsWment shall be given by dellvering it or by mailing it by first ciass maIl to Banower at ihe Property Addrec�or at such other address , . •
<br /> ' as Bonowcr may desi�ate by nothe to Lender as provided herein,and(6)any notitx to Lender shaU he given by fust class mail to Lender's , •
<br /> � � • aQdress stated herein or to such other addras as Lender may daignate by notice to Borrower as provided herein.Any notice provided tor in this '
<br /> � - ', ,�. • Security Instrument shaJl be deemed to have been givcn to Bonower or Lender when given in the manner designated herein. . •
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