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<br />----- ,ADJUST'ABI..E RA�'E RIDE�t , ,. . ,'ir::�`„���.
<br />--=� ,
<br /> THIS ADNSTAIiLH RATB RIDgR la mede thi9 18T day of MAR�H � 1995 ,and is „ ' , ;,� `
<br /> �= Incorporated into znd si�all bo daerned w amend and supplement tho Mortgego,Dced of'lYust or Securlty Deed(the"Security " �
<br /> InaWment")of the sarne date given by thc undc,rsigncd(the"Borro�ves") to 5ccure Sorrowcr's Adjustable Rate Note(the ' � �
<br /> __� "Notc")to ..
<br /> - HOMB FED�RAL BAVIP:(38 & LOAN A980CIATION OF dRAND I$LADID
<br /> --- (Ihe"I,cader")of the sanx datc and covciing the property descdbed in the Security Instrument an�locat;��d at; .�
<br />--='� 220A W PHOENIX
<br /> -°�'� (3RAND I9LAND, IJEBRA9KA 68803 ' � �
<br /> -� (Property Addrto] . , '
<br /> .... , .� .
<br /> _ . ..,;Yn:�y��:,.,.
<br /> ._--� aNd9 Id�'d'�COIVTAERIS Pl3��Id9I�1�IS AE.LOl�� F(?R Cddhid�E�IIN MY IRJ'TEl�T II:A�'G AND f.7'K . . -•�-- .,�,,.,�
<br />--� MONTHLY PAYMENT. INCREASES IN THE YNTEREST RATE WQ.L RESLILT 1N HIGHER PAYMEtVTS. � '�'�;__�:_:.
<br /> _-= DECREASiG:S IN THE dllIT�REST RA7fE WIL[.RESUI.T IN LOWER PAYl4lENT5. �. _-'�.{:�;,, ':�:'°.�. '�.`�
<br /> �rr" .'��
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<br /> �� A21�i7'IOIVALCOVIE11ANd'S. In oddition to the covenAnts and ag�reements made in the Securiry Inawment, �`;,:' ;` ��'��'^�'T'"";
<br />_;-y� Ffar¢owes nnd I.ender furth�r covenaai And ngree as followa: ��, ',+;.�k; - �;,���
<br /> .� �,.,.s, �a, ;i+2_.
<br /> �`:tf`�. rr' ;��2� ��
<br /> -- A.INTER�S�'RATE AND MONTF�I.Y PAYMENT�CHAN(o�'S �� '•� `�
<br /> ' �..�� h ti
<br />•_— ::��.!�, 1t�`�..�'�}"' �3.._
<br />.�r.�a ! +•1:i..:�.�'.. l�.k::_..
<br /> �-_= 'Che Noto provides for an initial Interest rau; of �•�50 9'n. 'Ihe Note provtdes for changes In Ihe •;:a:�4;-' .�: '"f�i'"
<br />�= interest rate and the monthly payments.as follows: ` .'"� !_-
<br /> r� . :c}� uW11Yl:
<br /> � 4.IIVTEIdE�T RATE ANID MONTHLY PAYMENT CHANGES �� '. �.��,-�"-'
<br /> �
<br /> �, ,
<br />-� (A)Chanae Dates
<br />-'� �A
<br /> �'v+� 'Itro{ntuest rato I will pay n�y chango on tho Cust daq of MARCH , 1996 �end on that day ���,`
<br /> avery i2TH month thcrcaticr.Bach dato on which my intetcst�ate could chengc i.9 callcd a"Chango Dato."
<br />— (N)T!�Iadex � . J
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<br /> - 8cgiru�ing with 1he f'ust Changc Dar�.my intuest rate will trn barsed on an Indox.'Ihe"Index"is: ','7'', :� `
<br /> -, � . .,
<br />-.ti.. THB WEEKLY AVFRACiE YIELD ON UNSTED &TATES TRE7IBURY SECURITIES ADJUSTED TO A ' �'�+
<br /> CONBTANT MATURITY OF 1 YEAR, A3 Mt�DP� AVASLABLE DY THS FEDCRRL RESERVE 90ARD. a '�``
<br />�� - . J���r;�y
<br />� �
<br /> 171C R]OSt LOCCtiI IIiI�CX�1$l1tC 8VS118b10 89 Of th0 d2tC: �❑ g5 deys ❑ � ,� '�:' #",. �`� .
<br />_-- beforo each Chango Duelv called the"Current Indea." �:��-'
<br />-_ �� ;;;.:���;: . -i�. �,
<br /> � . ';+;'i;':; `�:' , ��`�,:�.
<br /> If tho 1nde�c is no longer availeble,the Note Ho9der will choose a new index that�S based upon comparable intbrmation. ""''��• • ?`
<br />'_,� 'Ihe Note I3oldtr will gi.ve mc nodcc of this choice. I ' '' ��`'�
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<br /> (C)Cakulatbn o!C6seng� '`�'''i��.� -
<br /> .;�:
<br />:„:i� Hefore cach Chan�c Dnte,the NoYe Fioldcr will calculate my new interest rate by adding � �•
<br />_'�n TWO AND ONE HALLF percentaga point(s)( 2.500 �'o)to the Coment Indez.
<br /> Thc Notc Ha]cSx will then round the rosult mf this addiaon to the 0 Ncarest 0 Next Highest 0 Ncxt Lowc�t � �
<br />.:'.� orre eiofrr.t ( .izs ��,
<br /> ��'� Subject to the Ilmits steced in 5ection 4(D)below.thi3 noundecl aunount will be my new interest rate undl the next Change
<br />-� 17�UC,
<br />___ 'Itie Noto Holdu will then de�ine the amount of tha mundily payment thae would bo su�cieru to repay tho unpafd � ,
<br />-= principel that I am oxpo�ted w owe at the Chenge Dato in full on the maturiry dete at my now interest rate in substantially
<br /> -"' oqual Iuyanents.'Ii�o result of this calculation will bes t1:o naw amount of my monthly p�yment I , .
<br /> =_ (D)Limib oa Inttrest�tate C6�nsss �
<br />— /LI�����L��L _`_Yl_"l""" •J__t_'1_'L"a'• �
<br /> ;� • ��.��.�N.�wc w�ca, y n�..�.x w�a�c�o,inc.�wiii be ao maximum iimit on cnanges.) ---_.:..
<br /> r-=
<br /> (1)Thcra will bc no maxim�n lur►it on int�rest rato chengrs.
<br />=..:� ?� (2)ThC�ItU7CSt Iilft:I 9RI I1CQi11fOd f0 AeV Bt th0 f1tSt Ch9itvo natP will nnt Iw��,ma��o.�ti�, o.-��n �
<br /> - or ks�tan 5.750 gb, i
<br /> �-�� U(3)My intaest rat�s wW never ix:�ner�easecl or docreased on any single C�enge D�to by more Wan
<br /> TWO PBACENT 2.000
<br />_;j� Percentage point(s) ( 9'0) Crom thc
<br />;,t,� rata of interest I havo boen paying for the pr�ic�g period. ;
<br /> �;�� L�(4)MY�terest rate wlll never{xi greater tt�an 12.�5 0 �90,which is called tho"Maaunum Rate." � .
<br /> '' THE "MINI1'i1UM RATE" AlILL NF,VEFt BE LE9S THAN 5.7SO4c.
<br /> 's;� MULYIBTATE ADJUBTABLE RATE RiDEN-8lnpte Fnmlly 8�84 �
<br /> .'i�Y � Ptpe 1 Ot�
<br /> '' �•�D�A(OtO�) VMP MORT�A�E FORMB•(8001821•7201 Inulalr. . _.._ •
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