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<br /> � � .f��������1����: ��i��.� �R��� �J�'��'�����
<br /> ..�z,y;�� (1 Year Tteuwcy Indea•Ra�c Cnp�) �
<br /> �a 17TH FEBRURRY 95 ����
<br /> _,.,�,,�� THIS ADlLiSTAULG'RATB R108R is m�da thfs _dwy of ___._�_._.�9 . • �. :t
<br /> -- tnd if Incorponted into and shall be decmed to amenJ and eupplcment ihe Mort�aqe,Dc:d of Trust,or Sccudty Decd(ths"Sccurliy lnsuument")oi .,,.;
<br /> .-�__sn� Ihe ume due sirrn by the undereigned(thc'•Borrower")to saure f3orrnwer'e AdJustable Rote Nute(the"Nore")to If.Q,�I��.Q��A.�Q.�j��R ' '' ''`''
<br /> �:,., •l. �r1! �.�;�.._si
<br /> (�„�1,j'.�(the"I.endrr")of the seme Aete end covering�he propeny described fn the Ssrurfty Inntrument and located nt:
<br /> - , � 656 SUTAN LANE, GRAND IS:.AND NE 6d801 . � � ���,,R=
<br /> . .. .Y.:M,.'t�•..;��...
<br />-=��� 222 W. 6TH 5T., GRAND TSLANO NE 6d801 ';._-;,;
<br /> — �.��,
<br /> (Pronerty Address) �`'r' � _:
<br /> �`'� 'fAt� nate conWu provhlow dto�rint tor cAan�es le my intercst rute ��d my moatlly . -
<br /> p�y�ent�.Thts��te�teo tia�ta tAe�moNat my laurest nte c,�n c����e rt uy Uae Ilnee�ad `�°-'"
<br /> :��',� �f�o lMe midw����d IM:miuln��a nte 1 a��sl pry. `.''r�:°'
<br /> .__�.— . ✓4a.i�;'.
<br /> �"'i'`���; r�DD1TtONAL COVHNANTS. In addition to t0e covenants and�grcements made in the Securiry[nstrument, Borrower and Lendcr .�'ti�����,�`�'
<br /> ='�t� ,_ -._:�lb.:'s.
<br />_'yi��_• Fuethet covenart uud agree as follows: ���` �.:-
<br /> 0. +F:�,..
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<br /> .wi� ,3�.C#��nwr...
<br /> �:'_—. ^ _
<br /> --�_.s=� A. INTERESf RATE ANA MmNT71LY PAYMENT CHANGFS aW�-_'_
<br /> --=�=!� The.Note provides for aa Initial intercst rate of 8 0 75 ,9e.Section 4 of the Note provfdes tor changa in thr Smt�r�t mto and the --�:'�:.:`�
<br /> ���� monthlypaymrms,asfollows: r��
<br /> E: __-_
<br /> ---ar --
<br />—r�;_� �r����.
<br /> `�' •`C � 4. .`N7uRF.ST RATE AND MONTIfI Y PA YMENT CNANGES I ��`:-
<br />--'�z f:wi• te..t}*n...=.�-
<br /> _...__ (Al Q3iKr!!]�tts _ =_�:_
<br />,r��'� °��� The inYCrat ratt 1 wi7 pay may changa un the First e�ay af P1ARCH ,19 96 .nnd on that day evcry � �v
<br /> _,��, ti_:-�-----
<br /> _: :�� _ � _mu-th�thercaic:t.Eaeh date on whleh my interat ra�c could char3c is callcd a"Change Date." �_ "
<br />_ ";,::rr._ (a) Ticlr�e: --
<br />_-.�:�� Be�in:.ir.g with the first Change Date,�ny(nterat rate will be based on un Indcx.The"Index"is[he weekly avcrage yidd on Unital Stntcs -=--_---
<br /> �;��`�� Treuury s-cudGa adjusted to e constant mamriey of 1 year,as made availabte by the Federal Reserve Board.The most reccnt LndCx flture �-�-..�
<br /> �"� availabla as of the dste 45 days bcfore each Change Datc is called the"Curnnt lndex." ���
<br />:r�`�� If the Index is no[a:�er nvailabte,the Note Holdcr will choose a new index whtch is basc.d upon rnmparaLut infarmuion.'fie Notr. --_--�.-
<br />._-�-;� Holder rriil give me nodt+e of thia chofce.
<br />':"� c� �iciuUoeorcM.�a THREE ANO ONE-HALF
<br />`,�� Before�.ch Change Date,the Note Holder wiU calculate my a:u•iny�r�st rate by nd�ing _perorm�e R
<br /> points( 3.5 e����o the Current Index and rounding So tAe r�rrsi 1/Bth of 1�i, subject to the Iimits stated'an 5teticm 4(p)below.
<br />.'�;�J-
<br />�;__ � Thl�rounded amount w31i 4a my new Inurat rate until the next Change Date.
<br />�`-�� The Note Ho13t�wii3 shen determine the nmount of the monthly paymtnt that woald be sufficient to repay in tuU lh:pdnslyal 1 em -
<br /> --�_ expxta!to ovre on that Changc Date in substantially equnl payments by ch�maturity d�te at my new int;:�est rate.Tfie result ef thit caltulation .,�-�-�r:
<br /> '�'�� w[l!be the nzw amount of my monthly payment.
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<br /> =,.�,r;..�,. (D) IJe►1�o�Iaterat lute CEsu�e� C;•-=___
<br />•'�x�b� 'fhS tnterut rate 1 nm requlred to pay at the Fiu�.tt Change Da�e wilt not Ix �0.75 r--_-��
<br /> � � 6�"!5 greatrr than No or less th:n r..�,-.�
<br /> '� 7�.Thcreafter,my irtterat tate will ncvu Dx increased or decreased on any single Change Date by more tttan ��C1 �' `"'°y"'
<br /> {".•7-• �2.D�.,�..,_trom the rete oP interest 1 havc been paying far tUe precaling twclve months.T'he minimum Interest rate ar�thi�loa.n will nevrt be a� --
<br />:__;�+�� ' �ay�h� 6.75 q��d the maximum interest rate wfl!never be gretiter than_ �J•75 4i. �r`���-'"��'�.s:r'"
<br />:��''� (E� Ef'rlceUve Date ot C6�esa �-���
<br /> My new inteeeat rate will become effective on ench Char�ge Date.1 will pay ihe amount of my new monthly paymten�r■zginniig on tl�:Pirot ,��','c��-':_
<br /> � monthly payment date after the Change Date until the nmount of my monthly payment changes egain. �� �,=----
<br /> �
<br /> J (F'� R�otice ot Gn�cs "'�
<br /> ��� The Note Holder wlll mxil or delixer w me a noUce before cas,y Change Date.The nodce will advise me of: ��""`�++��'°
<br /> .v.m�2�,.
<br />".:t, (i) the new fntcr�st rate an my Eoan ns of theChnqqe Date; -==`�= -
<br />;'=R. (ii) tAeamountofmymonthtypaymentfd�aw;ngtheChangeDate; •-"'��''�'�' �'.
<br /> �;;;`�, (ifi) any additional mettets which the Note Holder is required to disclosc;nnd ' :�''
<br />- -=���,yry;,- (iv) the address of the association you could conuct regarding�ny questio�u aboue the etdjusemem notice. `,` �
<br />=-.;t`��� S. CHAItGES:LCENS i
<br /> --��s Unifortn Covenant 4 of the Security Inscrument is amended to rcad as fo;fows: �
<br />�w::�:��+� �
<br /> ,, �Yarta;I�en.Uorr�s:r sh:�l pay all taxa,nssasm-zta,and othcr c2:ar3es,fines,��,!impositions att�ibutable to the Prol..:rty wh:ch mxy I
<br />�'=���� sttain a y+:'sortity ovcr this Security Instrumcnt,and Ieasel:o!d payments ot E+:�nd rents,if any.in the mars.sr provided undex pungnph 2[uraaf
<br />_.�:i_�i� or.if n�s p�vd in such manner.by E3ottowcr mxicing payment,when duc,dircctly to the payee thereof.i3+c�nower sh�ll tl�amD��Y furnvh Lc�nd:r �
<br /> -'•:�c:'�' all�:+:i�aF amounts due und:r this puegraph.and in the event F3onower shall makc payment dircctiy,Bonowcr sAal!�+forn;Ytip Furnis�n to � � _
<br /> -`s'=' Lender rtaipts evidencing such p�yments. Donower shall promptiy dischirge any lien whtch has prioriry ovet tliis 5n�ricy Yn�srumcnt; '
<br /> `,:.F•_:�� I
<br />:"::+�::.:;�J howceer.Burrower shall not be requirrd to disthugc nr�y such Iien so long as Borrowee (a)shall agree in writing eo the paymeot of th� �,
<br />�-� oatijttion ucund by sucA litn ln the manuer ncceptabfe to Lender,(b)shall In goaf fafth coniut such lien by,or dsfend ngainst ertfora:-oiat of �. •
<br /> Y'-�'•?*� such Gen in,tesal p:aceedings which in the opiniun of Lender opernte to prevena the enforttment of th�lien or forfeiwre of the Prot:rcy a�r any �
<br />±•-�i�-=�� ....e�h...nf•.v t�t chntl urne�frnm tf�e hnlder n[such lien an�aretment in a fnrm satisf�ttatv m Irn�r cuhnrdinnfina cuch liarc tn thit �-
<br /> _— �.��_. -.,_,�__.—. .. - - - __
<br /> �`'---- Savrity Instsvmetlt. i - - -
<br /> lf Lende�dttermina that all or any patt ot the Property is subject to n licv which m�y attain a priority ovcr this Stturity insttumcnt,
<br /> - ��"��' Lender shall give Liorrower a notfce iden8fying such liea.Burrowcr shail satisfy such lien ur takc one or more of the actions set forth abavr
<br /> `�r�~:� � .
<br />�`� ' wit�in ten d�ys of the Bjvinit of thc nouce.
<br />.1...�ip,r� .
<br /> --=--_a_"n'— � - ...—'
<br /> ���;;+��� C. NAl7'[CE
<br /> ':�.��,s.; Uniform Covenmt I4 oC d�e Security Instrument is arttend:d to rcad os follows:
<br /> , • �; N. Nolke.Except for nny notice requiecd ttnder nppticabie law to be gi�•rn in anuther manner,(a)any notice to I3orcower provided for in this
<br /> � Securiry Instrvment shsll be givcn by dcliveriug it or by m�iling it by first clasf m�l{to Horrower at the 1'roperry Addrese or at such other address
<br /> '�' es Borrow�tr m�y de�ignate by nutice to Lendr,r as procidc�Gerein,und fb)any notice to Lender shall be given by first clas�mail to Lend:r's
<br />--t:��, addrtes st�ttid hsrtin or to sucl�othcr address as Lender may dnignate by natice to 6orroucr s�provided hcrcin.Any noticc provided for in th�s
<br /> ;; -� ., Secudtg Instrument shall Ae dttmed to have bcen gi�en to Uorrower or Lendar when givrn in the manner designated herein.
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