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<br /> (I Year Trensury Index•Rutc Cnp9) g�
<br /> Tti13A[)IUSTAflI.dRK('BNIU�'Rlymadathl� 8TN dayot...—._.._.. F�9RUARY �� , _,�q_ �5 , �� �,.
<br /> rnd if incorpnnted Into�nd shtll tx dtemed to�nund�nd suyptement tha Mortsa�e,perd ot Trus�,or Security Iked(the"��ecurily Inx��urtecm")af
<br /> the wms date�iven by�he undes�ilned Uhe•'Borrower")tn�ecuto Hor�owcr'�AdJustahle R�te Note(Iha"Note")to F�,Qij�F�QEl�flL�M!!.� `�� ' w'
<br /> �}If A�1�D lthe��I,endsr"10�the e�n:e d�ro�nd covednK tha proptr�y des�.rlbed In thc Securhy Ins�rumcni and located nt:
<br /> __�__.. , "
<br /> Ll�FLANNAGAN ST.s Gf�ANO ISLAND NE 68803 �� ��-, .
<br /> "'- lPtoperty�Addrr.ie) ,,�„ ,
<br /> Ti�i�rob eort�in�prorMlow��Nowt� ter chR►y�n Is my I�tercst rott �rd �nf matkSy • •
<br /> p�yr�eRt�.TMI�nott a�w IIn�U�tAe�wor�l�Y I�tenal r�te c�a tMtw�e rt a�q a�t elu►e�si '•
<br /> �ko IAe plN�rw wMi tM�ui�M�nM 1 nvnt p�y. :. �,. �:='a
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<br /> ADTIITIONAL COVENANTS.In addtalon ta the covenants nnd earaments made in the Security Instrument,l3arrower and Lender �`;`'�.-���5:�}��,=
<br /> furtha coveaant and a�{ra A�follows: �.�'~ �^
<br /> �•,t" =
<br /> �',�r�=.:°
<br /> A�. INTFJt£&T RA7E AND MQNT:iLY lAYMENT CHANGE9 �`���
<br /> The Note Drpvida for an iMNd Interat rwte of 8.75 n�.Seation 4 of the Note provida[o�chan4a in the interat rate and the �d`"�_�"
<br /> monthiy�iymrnt�,as follaws: °'� _---
<br /> 4. 1NTCREST RATE AND MONTNL Y PAYMENT C.HANGCS � i-
<br /> (A, �..t=.xIData -��°.•':.,-,:;�-
<br /> 63�.•.� ti.
<br /> The interat ntte 1 will p�y may chanQe on the first day of (�ARCM ,19 96 ,and on thu d�y r.very _
<br /> 1 z_months thereafter.Evch da!e on which my interest�ate wutd change is catlai a"Change Date." �-
<br />- (d) 7'Ye INe=
<br /> Ben[nntt�w(d�the ficst Cdange�ate,my interest rete wtll be bsssed on an Index.The"Indea"i9 the wakly�ver��e yield on United Ststa
<br />= 1Ycuury securiUa adjusted to a constant mxturity of I year,os rtt�de avatlable by the Fedeca!Raerve Boud.Tha most«ant lndea 6�ura
<br />- available�of the datr.45 days betore each Chanae Date is called the"Currcnt Indea."
<br /> (f the Indrac is no longer available,the Note Huld�r wiU chonse a new index which is based upon compuabio information.'i'he Nae _
<br />° Holdcr wUl alve me noUce of this c�olct.
<br />; (� C�It�bHHa�o!Clrr�n
<br />" Before ach Ctunte Pate,the Note 6-Iolder wi14 calculnte my new interest rate by adding_�LR�F�Nn OAIE-IiALF_��,�ae
<br /> _ p�(�ty r 3_r qi)to the Curtent Index an�raundtng to the ncarest 1/Bth of 1�1�,subJect tn the limiu stated in Section d(D)teiow.
<br /> � 'R�ta rainded unount�vill be my new Intcrest rate untif the next Change Date.
<br /> � '[tie Note Holder will then detertnlae thc tinount of thc monthiy t�Ayment that wou!d Ix suffic.[ent to«pay in futl the pdnripd I am
<br /> ° acpe�ted to owe on ttut Change Date in substanti�lly equal paymenu by thc m¢wri�y datc at my new intuest rate.The result of thb calculation ._
<br />" wil!ba c;x ncw amount of my monthly payment.
<br /> ��,..
<br /> - (D) IJ�Ybo�Ilknat R�k CYiM� -
<br /> - Ttie inttnst r�te I am requircd eo pay at the first Change Date wi0 nU: be greater than 10.75 _ho or las thtn
<br /> �i.11iereaftcr,tny interest ratcwtll ncver be increaud or dccreazed on any singlc Change Date by more than �10
<br />- 2•Q from tlte rateof inte:c.�t I liave beea paying for the preceding n�elve month�s�.'3Ch75in(mum intetat rate on thie loan wi�t never be
<br />- l�s�than 6.75 K anA thecneaimum interest rate will never be grater than` hi. �
<br /> ;� (� EtfecNvclkte of Cb��n �_..��Y.
<br /> Nfy ntw inta.�t rate will btcome effective on�ach Change Date.I will pay the amount of my new monthly payment be�inning on the first
<br /> monsb`,y payment dAte tfter the Changc Dam until the amount of my monthly payment changes agvin.
<br />� �1 Notir.e ot C6asacs ----=-
<br /> = 1'�e Note Holder witl mafl or delivtt to mea notfa before cach Changc Date.Thc notice will advisc me of: ---___ �--
<br />- (q th�new interest rate on my laan as of the Ch¢nge Datc; - -
<br />:;.� (if) tha amount of my montbly paymea4 Eollowing the ChnnBc Date; °;.�;��'"'-"�
<br />�i' (ilq auy edditional mutters which the Note Holder fs required to disclusr;nnd `�"`•`� �.
<br /> _� :.�r";.='�_.
<br /> {iv) the addresa of tta.ssociadon you c�uld contnct regarding any quesdons about the adjustment notice. ' "� ==n+<-°
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<br /> B. CHAiICNS;LIENS ''" '
<br /> Uniform Covenant 4 of thc Security[nstrument Is emend�d to rcad as foltows: � . ' -'I ,�1`'1
<br /> 4,pnr�es;l�er,I3onower shail pay nll tud,assessments,and other charges,fincs,and impositions attdbutablc to the Protxrry whfch may
<br /> sttez�s priority ovcr this Security Instrumcnt.and leasehold payments of ground rents,if any,in the manner provided under paragsapn 2 hereof .
<br /><.� or,if rwt pald in such manner.by Honower making paymcnt,when duc,directly to thc payee thcrcof.i3ottowu shall prompily furceieh l.cnder
<br />_�� all notica of areouati due undcr t6is para�raph,Qnd in the evmt Borrower shall ruake payment dimtly,Bottuwet shall prompUy furnish to
<br /> � I.ender receipts e�i,cSette{n8 such psymtnU. Botrowet shsll promptly dischnrae any lien whfch has priority over tSils Security Instn�ment;
<br /> however,Elortowtt sl�all not Ix required to discharge any such lien so long a�Borrower: (a)shall agree in writing to the payment of the ,
<br /> ' obiinatiort secured by such lien in th,e manner aca.ptnble to l.ender;(b)shall in good faith wntat such tien by.or defend ngainst enforcement of {
<br /> '� such licti in,legal pt+oceedings wAtch[�thc opinion of Lender opemte to prevent tAc enforamcnt oF the Ifen or forfefwtti of tAc Propeny or any I
<br /> -�' u�n�hcmf:oz fc1 shall ucure from the hotder oP such Ifen en uBreement in a form satisfactory to Lender subordinating such Ifen to this � �
<br /> �; Secudtylns►.rutnent. �- - _ -_-
<br /> If Lender determines that s{I or nny part of the Property is subject to a lien whlch may attain n prfority over this Security Instrunnent. i
<br />`�� Lrnder shatl give Borrower e notfcY identifying such Ilen.Dorrnwer shall satisfy such tien or take one or more of the actions set forth above .
<br /> _ within ten dsys ot tha diving o4 thc noticc. f
<br />°- �.
<br />;;� C. NOri'ICE
<br />`= Uniform Covmant t�t of�Re Security Instrument h amended ro read c+s foflows: �'
<br /> ;� !1. Not4ce.Eacept for any nodce requfred uadcr eppliable low to be given In another manncr,(a)nny noticc to Uottowcr provtded for in thfs !
<br /> Seeurity Instrumeni sAall be gi�en by dtUverirsg it or by mailing it by Grs�class mail to Borruwer at tlie Property Address or at such other address :
<br /> _;� as Rorrower may desianYte by notice to Lendrr a�provided herein,nnd(b)any nuiice to Lender shall he given by Crst clus mail to l.ender's �
<br /> �ddrcss stated I�ttcin or to such ot�er nddras as Lender mny designate by notice to 13arrower os provided herein.Any notice providcvf for fn�hfs � •
<br /> ""- Security insttument shill be damecS to ha�c bcen gh•er.to 13orroNCr or Lcnder when given in the manner dcsigna�cd hcrcfn. �
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