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<br /> • " 7'HIS,AhlL1SxABLT:RATf.?RIQE4t ie mrie thlx �2'C� *�� the�1+li�t�tc,Dee�S of .,
<br /> 199 5 ,erxi is Knairpuratat 3nia ur►�i shull t►�;ke�nxt tn suts�s�rf and wp�1. ,
<br /> -- �.: 7«sst or Sr.cad�y Iyt�e�!C� "Sexudiy insdrumSnt")uf ttc�snmc<late giva�b,y the,umlr.rxigned 4t1� 'Borxvwcr") tc
<br /> necuro tFe I��rrower's Ad ustahle�Cete Nrda tt�he"Noce")ra
<br /> — il��1 �qufhb?� BulldinQ���+d los�A�lGCiaSion o€ Gr�ni i�len�, N�6t�lMd, A f1dl+r�'1 �ewin;s ��nM
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<br /> {iha"i.tt�er')t>t tne same date rmd cotc�iu�;ti�j.:�.�tr 5�:�:iLµ.t in t!�Ga�dt}r 4i�t�umr.nt and t a�: , -
<br /> _ �113 M��IPHIS Pt. Gf�AMC3 I5L:ANq�N�HRASKA� f880'�-�999 ., .. ,
<br /> rt Acklres�J ,
<br /> - THE NU�'E GQN'rAtN& �Rti1O1�IGIMS ALL�1N'11�iG F�JFt �HAN(i�S OM THE !N`CEEtEbT
<br /> iiATE ANb T�iE MQSiTHI.Y pAYMEMT. THE NOTE UMfMTB THE AIIR(3UNT 7'H�
<br /> - " BORRAWEI�'S iN7ERE$7' RATF CAN �HANCiE AT A.[�Y, 011� T��ME Ai�l� 7'H�
<br /> �- MIIXIIWliM R9UJE 7HE[i�REiOWER�IUST PAY.'
<br /> R✓.��::;.� AD➢DISiiDNAi.C��EI�FAN E5.Ia sddit9on to the covenants and egcca:mtnts�nade in tlie�ecuricy 3nstrumeM, 1's —
<br /> __ I3on[ownr rnd Lender funhee ac�venam�uxl uL,�r ns F�I�ows: ,• .
<br /> �.�;. ,.�:;.�••- .. ..
<br /> -=�:�°y A.1N'IERF,�'r FiATF.AND 11+�dN['�L'Y PAYIVIEIV`T I:HAriTGFS • _
<br /> � _- Ti�c;Note provides fmx,an in�tiul interest rate af 7.8%5 9b.'Fhe Note pr.��ides for chan�cs in
<br /> - � ihe interes►mte Anci diaL month�ly payments,:is FoYln�vs:
<br /> -= =,�_�„! ...a�.......�ii .�rn....�rmur cv o�vt�Nl f:HAAGF.S . - -
<br /> . 4•liV 1R 1GitC/3r lOA i F+n�.v a•avi�a.w� .
<br /> '�� (A)CEwnge U»Res., - --
<br /> ,;�;� 2000 ,and on that
<br />::.,-, y •�„,�;�R•, � 'Y7ie interest ratoT•tit+�ll pay may change on ttie 6rst day af JUNE �
<br />-�_���� '��';;r day every 12th rticnth thereafcer.E„c�i date on wiuch my interest rate could char��e is ealleci a "Change Date." —
<br /> _�•�r�ercesf;(t�!`�
<br /> --_ _.='-`vit�:�:.5�� •.
<br /> --------_J';:� (B)T6e Index
<br /> _. :,� Begirmi��g,with the first Changa Dute,my interest rate will be based cn an Index. The "Yndex"is the wceYly
<br /> __��,�,,,�;� average xieiu o;�:Taii:.d Soates Tress�isy su���rities adjusted to a wnstant tnuturity of 1 yeat,as madr,availablo by
<br /> =,��-��--r:, the Federa]Reserve Board.The most rccent Index figure availabie as of the date 45 days befure each Chunge iD�te
<br /> __����� is called the"Curcent In�cx." �
<br /> :� If the[ndex is no tonger available,the Note Holder will c4taose a new incfex which is based upon comparable
<br /> _ v_��,� infomwdon.The Note Holder wil!give me notace of this choirz.
<br /> ----=_�m�:'=l .
<br /> (G�Culculatian nP Changes
<br /> LL��-==� Befare each Change Datc.the Notc Holder�vill calculate►uy new intcrest rnte by adding ��ta�c G��rrcn4
<br /> _=�',;, � percentage ptiaz�t�s)( 2.000 '
<br /> _��=Y�::tiy'� fndex� Note Hoi�lcr will then rAund the result of dus ncic�ition ro the nearest one-cighth of one perr,entage
<br /> �_�:4r`r ' � point(0.123:'0). Subject to the limits statec!in Soction 4(I?) below, this rounded amount will be my naw intemst ;
<br /> .:r-:=.s�`� �
<br />-=�?-'_��-- rate until thc next Change Date.
<br /> ---_=�;°,�.= 'I'he Note Ho�der will then determine dte nmount of d�e naunthiy payment that would be sufficient:ee�wepay die
<br /> ���,-t�`., unpfl;i:iprincipal that I am capc:cted to owe ut the Change Dn�e in full on dic N;aturity Uate at my new interest rat�e -
<br /> z�`_��: in substantially cqual payments.Th�result of this calcutadomm xv�ll be d�e ncw amount of my xnontiily payment. =
<br /> � '�1 T�y- (D)Limits on Intcrost Rnte Ciiange� _
<br /> �f'`` � The interest rnte I am requimd to pay nt the first Change Dnte wil!nat�e greater Uian
<br /> 9.8�� S'o �,
<br /> :�ZS�.. 5.
<br /> r;:-:-�r;, ��"'� . os less than 5-$�5 `/o.'�'hercufter.n�g�interest rste�vill never be incrcased or decreased on
<br /> _�.:r.,..:.�,:,,.4,�'i.�;��!
<br /> •' �'�`��"° any single�hango Date by more tha��two perceatage gaincs F�.OS'v)from the rate of imurest I,have been paying
<br /> ::-t.�;._„ �s.t(};(��: p � y � 12.875 0.
<br /> �. for the recsdin nvelve months.M interest rate will never'6e rr,ater tdxun �
<br />:��:�;;���:;:=��:��r h1y �nterost rate wi 11 novor be lowrer th�.rc 5.675�.
<br />".:L;uc,,.
<br />- �-t:��y.• (E)Eftective UatE of Changes
<br /> • •��� ;� iJiy new interest rate will become effective on each Cha.�ge Date.Y�vill pay tlie amount of my new monthly
<br /> .M1�.
<br /> , �� ' �;-; �Sayrrxem b�gi►uiing on t!►e 6rst monthly payment date after the Char��e Date until 1he amuunt of u�y cnont�iiy f
<br /> : -�---. _ � paymentchangeslgtin. �
<br /> �
<br />-- , . ' i (F�Notfce of Cimn�;es
<br /> �' • ' '[tte Note Hulder�vill delivcr or m�il to me a notice of any changes in my interest rat°a+�d the amount of my
<br /> -�"• : mondily pay�t►ent beforc ths effcctive date of any �hange.The notia:�vill include information roquiracf by law to :
<br /> �ti�-
<br /> " ,� be git�en nte attd also the titic and telepfione numbet of a person�vho wili answer any questinn I may liave
<br /> - ` • rcgarding thc notioc. '
<br /> . • ,�
<br /> �� NtUl.TISTAYE AQJUSTA�LE HATE RIDER-ARM116•2-S:nglo Famity-Fannlo MnelPrcddlh Mac Unitorm InsVamcnt
<br />� Fmm 3911 3198
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