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<br /> A�J��JSZ'A►BLF �.A'I'� �ID�� �
<br /> — — ._ (1 Yenr Trescuury Indcx-Rxte l;wpe) ?_0�213 74 _� —
<br /> - �
<br /> — THIS All�USTABLE RATB WDER is mwIo thls 6TH cluy of JUNt , —
<br /> 1 995 ,and is encorporaEal intn and shal� be decmed to�unend sud supplement thc Mongage,Aad of
<br /> ��� '1'rust or Security Dad(the "Securlty I��stnyment")af tbe same datc givan by the undersigneci(the'�nower")to
<br /> secuxe the Borr�wex's AdJustable Rate Alote(thr"Nate")to
<br /> The Equitebli Buildin9 aed Lotn Associetion of Grend Isiend, NtbresMe, A fed�r�1 8�rings 9�r.�
<br /> -- —
<br /> : , , __ ., (the"I.endes')c�f the sarne date and covering the property descrilx�d in the Serurity In�trument nnd loc�t at,
<br /> 4412 CALVIN Oq GRAND ISLANO, NEBRA�KA 688a1-8714
<br /> � [Pro{xny AdQre;�]
<br /> THE f�OTE CaNTAINS PHOVISION� ALLOWINt3 F'va CHANGE� IN THE 1lYTEFiEST
<br /> HATE AND THE MONYHLY PAYMENT. TH� NOTE LIMITS THE AMAOUNT THE
<br /> BORROWER'S INTERESY RATE C�1N CHANGE AT ANY ONE TIME AND 7HE
<br /> iNA�iPriUi'.7 RRT@ 3HG ��:;PiDWE�:!'315�PAl�. �
<br /> — — ADDI�'IONAL COVENAR(TS.In addition to the covenants and agreements made in the Security [nstniment,
<br /> -=•+s�.�aor�cr� ---
<br /> -��_;��� I�onncrer�r.3 I.ender�:+nher covenant and agreV�s follo�vs: _. . -
<br /> — • �,:_:-
<br />-'="�:;_---= A.INTEEtEST RATE AND M�N t1'ffiLY PA!'MENT CNANGFS ---�-
<br /> �� .
<br /> - ��
<br /> ' 'I'he Note pmv�d�.s 4'or an ir�itial intere�i rate of 7.62 5 �O. The Note provides for changes in
<br />-- __��� u�e inicrrsl mt�an��il�e montnly payn�ents,as foliows: � _
<br />_,���:;��.,�fi ' 4.I1�9I'�RES'F RATE AN9a hiONT�'[�,Y PAYIViENT CIiANGIES �
<br />':t..�iHv.'.�r�l �'�I
<br />'�Y�=-��,: �' (A)ClisngcDates
<br />�-=''''=-, u, '
<br />_:�:..��,�,.. • ,,, The interest rete I will pay may ch�utge on the first day of JU LY , 20A0 ,end on thut
<br />_�--.;'"i"r'��, day every l2th month thereafter.�tch date on�vhich my interest rate could change is called a"Ch�nge Date."
<br /> __=�. - �.
<br /> �.:�35at�;�;
<br /> `-='�?:'•'a°" " (B)The Index
<br />���`,N+�-�;=:�L• . Beginning with the first Changc Date, my interest eate will b,,based on un Index. The "Index'is the weekly
<br />_=r!-,,;�;'�,��;�'� avcragc yield em Ldnited Statcs Trcusury securitics ad}usted to a wnstant maturiry of 1 year.as r►�ade avni�able by
<br /> ° ��"'�.,.._�s,: the Federnl Rescrvc Hoard. The most recent index figure nvuiiablc as of tl�e dutc 45 days before exh Chungo Datc
<br /> ��� � ' is called tho"Current Index.'
<br />.Y:;;,°;;:9'':o-� .;
<br /> If the[ndex is no longer uvailable,the Note Nolder wUl choose a new index v�hich is b�sed upon comparahle
<br /> �����! ����`` Note Holdcr will givc mc natice of this choicc.
<br />�- :-�-•� �•<<••. infonnation.Th�
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<br />--�:;:�,�-�_.. -
<br /> ;�s• _-�,�,;�; (C)Calculatlon of ChaEnges r,•
<br /> --' �'� �''!° Before cach Change Date,the Note Holder will calculate my new interest rate by adding _
<br />_=�.;. :; .,
<br /> - •�'z�.+ �� nyp percentage point(s)( 2.000 '�)to the Gurrent __
<br /> '"��`�' Index. The Ndtc Nolder will then round tl�e result of this addition to [he neurest one-eighth of one percentage
<br /> , ,.� , point (0.125%),Subject to the limits stated in Section 4(D)below, this rounded amount will bu my ncw interest ��-�
<br /> �'"� ratc until the next Change Date. �=._
<br /> � -• . � Thc Note 1-lolder will then detern►ine the amount of the monthly payment that would be sufficient to repay the -
<br /> unpaid primipal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate
<br /> • in substantieUy ec�ual payments. The result of this calculAtion will be the new amount of my monthly payment. ?'.-�
<br /> . � (D)Lirn[ts on lnterest Rste Chap es s s g,6 25
<br /> The intcrest rate 1 am re uired to a ut the first Chan e Date will not be reater than �
<br /> or tess than 5 .62 5 %.Thereafter,my intcrest rate will ncver be increased or dccre.�sed on
<br /> ' any single Change Date by more thnn two pereentage points(2.0�/0)from tho rate of interest x havc been paying
<br /> � for thc pmceding twelvc months.M.Y interest rate will never be greater than 12.6 25 /,
<br /> My int er est rate wi 11 nover be 1�wer than 5.625AS.
<br /> (T)Effative Date af Chnnges
<br />, " My ne�v interest rate will become effective on cach Chunge Date. I will pay the umount of my new monthly
<br /> • payment be�irmin� on the first monthly payment dutc after the Chnn�c Date until the amount oP my montnly
<br /> payment cl�an�;es again. '�'
<br /> ._ --- ____..__-_--_- /L+�1T_�l" _PI�L..���.. .�
<br />. ..----'--'�'--'-- � (t•j Jt17Nl�G Vl�..ttqatsW
<br /> . The Nate Holdcr will dcliv�r or mnil to me a notice of any changes in my interest rate and thc:imount of my t�
<br /> • monrfily paymcnt befom ttie effectivc date of any change. The notice aiill include informntion rcqui md by law to
<br /> be givcn rne and also thc title und tclephonc number of a person who �vill answer any question 1 may have
<br /> regnrding the notice.
<br /> MUL?'ISTATE ADJUSTAOIE FiATE NIDER•ARM 6•2-Singlo Fumlly•Fannto Mo�IFroddto PAnc Unlform Inatrumont
<br /> Form 3171 3/86 ��
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<br /> ��•�22�1193051 VMF MORt6AG[FOPMS•18001621-7 2 8 1 �� Pimtd onlleeycled Popor
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