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<br /> ADP111 0�1-50710Q37
<br /> ' � � �,��� �ltl����; :.,~
<br /> AD�US�`A�L� I��1PT'E RII�ER ``�`�;�
<br /> TH35 ADJUSTABI.B RA'ZB R1n�R 19 made�fiis x�TH day af F��RUARY , 1995 ,and i� _
<br /> inca�ois�txl i;tio x�xi w�all ba u�,;,�r�:�t1 tc���.w�d:.�d cuN�2:,mc,nt tho Mortg�;e.ik-[A nf't1n►gt os 3ac�dty Aer,�9(tf�"Socurity �`°_
<br /> Instrwnent")of�he eame drte qivcn by thc undasignod(tt�e "Sorrowet")to aocuro Horcower's AdJustabk Rpta No6o(!ho "
<br /> ,�N���� --
<br /> HOt� FEDBRAL 9AVINdJ & LOAN A88U�IATIdN OF aRAND IALJIND
<br /> (the"Luxla")of tha sa�nc:date and covuing the pmnercy describod in�h�Socudry Inshument and Wcatod et: -
<br /> 1312 S7��T BTIi 8Tl2.EET ,�
<br /> ORAND ISL3INII, N6FiRRSKA 68801
<br /> [Propetty Addtttt]
<br /> TI�S NO'L'E�UNTAIIVS I'ROVISION9 ALLOWWG FUR CHAWCF,.S IN MY INTERES'I'RA1'E AND MY
<br /> MONI`Hl.X PAYML�NT. INCItEASFS IN T1� INTEREST RATE WILL �tESULT IIV HlaiiER PAYMENTS.
<br /> qF.GItEASE9IN THE INTERrST RATE WII,L RFSULT IN LOWLR�'AYtVQENTS.
<br /> ADIDllTIONAL COV�NANTS. In eddidon to ihe covenants and agaements mada in �he 5xurity Inst�un►e�t,
<br /> Bor,rower ancl Lcnda fuithcr covenant and agroe es follaws: —
<br /> A.IIVTlEREST RATE AND MONTHLY PAYMENT CHANGES
<br /> 'Che Noto pzovldes for an inidal intcnst rau: of 7.75o g(,. 'I4�o Note providcs for changes in tht
<br /> inurest rate and tk�o monlhIy paymc��ts,sis follows: �—
<br /> 4.IN1'EEtE6T EtATE AND MONTHLY PAYMENT CHA�IGES
<br /> (A)Chao��DAtq
<br /> 'ihe inunsrt rate I will pay may change on the fust day of �� , 1996 �and on that day
<br /> c�ery iz'�i month thereaftu.L�nch dute on which my interest rate could changc is called a"Change Date."
<br /> (B)Ths[nde: -
<br /> Bcginning with ttie first Chengu Date.my intucst rate will be based on un Index.'Tha"Indea" is: _
<br /> T'rIB WEBKLY AVERAOE YIELD Old UNITED STATE& 'I`RBASURY BEGURTTIE9 ADJU9TE�D TO A �___
<br /> GONSTANT MATIIRITY OF 1 YEAR, A9 MADE A�IAILABLE BY THE FEDERp,L RB9BRVE BOARI?. �"
<br /> 7ho most r�nt Index Gguro available ag of the datc: 0 45 days ❑ -�-
<br /> befac aaah Chenge Uata is calkd tho"Current Index:' ---..
<br />_ 1f tho I�ck.�is no longcr avaiWble.the Note Holdcr will choosc a new indea that is based upon oamp�rabk informatian. •�_
<br />- The Note Hotder will giee ma nodce of 1hLs choice. -----
<br />- (C)Calculatlon of Changes �=;`_
<br /> �;.
<br /> :�;,,-;
<br /> Beforc cxh Changc Da�e,the Note Holdu will c,�slculate my new interest rate by addmg �`.•'•
<br /> 2w0 larm orTS HALE a.s o o �o) 3o the Current Index. '�''`�
<br /> PcrccnU►Sc p0int(s) ( .a+
<br /> 'Il�e Notc�Ioldcr wW then round tho result�f tf�3s addition to tha C]Ncarest � Noxt Highest (�Noat Lowcst �J��,
<br /> ( `�)• '.
<br />- Subjoct w tho limit� stnted in Scction 4(D)beldw, this mundea amount will be any now interest rate until the next Change
<br /> Qste.
<br /> '[he Note Holdu will thcn dctermine the amount of t!►e monthly pxp�nent lfiat would bc suf8cient to repay the unpaid
<br />- principal that I arai oxpoctaf W o�va at the Changa Date in full on the mnnulry date at my new interest rnte in substancinlly
<br />= oquul payment�.The result of thi�cakulatiAn wi11 be the ncw amount of my monthly paymen� �
<br /> (D)I.ie�ks oo Interest Rate Cban�es
<br /> Pl ase clreck app►opriate boxea;if no box ts efucked,tiure wtll 6�no mad�num llmlt on changes.)
<br /> (1)Therc will bc no mauimum limit un{ntcxcst ratc ctaangcs. '
<br />- � (2)'IT�e insertst ratc I am coqNirai bo pay a2 the fust Chango Dute will not bc greater than 9.7 5 0 9b �
<br /> - ��� 5.750 9C>. �
<br /> = xx (3)My i��turest rnto will nover be incrcasexl or d��cd on any ainglo Chnnge Daw by mao ti�an �
<br />& TWO PERCENT perccntoga point(s) ( 2.000 %) from lhc !
<br /> - watc of intcrest I havc ixcn paying for thc prccaling paiod. �
<br /> �xx�fd1 Mv interrv ratr.will nr.v�.n c�arcatar then 1�.750 9{�.which is ctilled tlte"Mexitltum RBtC:� �
<br /> i � THB�"MYNIMUM RATB" WILL NSVER HF LE69 THAN 5.7501r. �
<br /> = AAUL.YISTATB ADJU91'ABLB BATE Rlq@R•slnplo Family ero�
<br /> = p�p�t ot 2 :
<br /> W �•�9�A(Y�O�) VMP MORT�IIOE FORfAO-(80��621•7i01 �����i��•
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