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<br /> .� � AD�JiJ�'�'�►,BL,� RA1�'� I��EI� � �oc�z��aea
<br /> (1 Year Trrnsury �ndcx-�te�tt Gp�) --
<br /> _ _ , 1995IS kUJUSI'AdLE�2A'T�Ri��tt is mad�uiis 15Tt� d;�;y uf Jl INF. . ,
<br /> - - ,aad is incorpoxated into and shall be deemed to arnend and su�l�ment the Mortgagc,Deai of
<br /> � Trust or Security Deod(the"Security Instrument")of the smne duts given by the undersigned(tha"8arrowcr")to _
<br /> - s ure the Borrowcr's A��,jnstable Ratc Note(the"Notc")to
<br /> �� �T�he Equiteble AuilGing �nd loen tissociation of Orand Island, Hebraske, A fedaral Seving3 6enk
<br /> (the"Lender")�f the sa�ns dnte and covering the property describal in the 5ecurity Instcumrnt and loca�ted at:
<br /> � ' 2519 W UKLAHOMA CFiANfl ISLAND, NEBRASKA 69fiO3-6210
<br /> [Propeny Address)
<br /> TiiE NOTE GONTAINS PR�VISi�h1� ALLOH11N0 FOR CFOANtiES Ih} THE INTEREST
<br /> RATE 61ND THE MONrHLY PAYMENT. THE IMOTE l.IIWITS THE AMt1�JNT THE
<br /> BQRRUWEH'S INTERES'� RATE CRN CH�iNGE AT ANY OWE TIME AND THE
<br /> _ __________ , MAXIMUM RATE THE BOFiRQWER MUST PAY. -
<br /> _ ;,;�;��r►r.t�,a,su�r�ar��s. Ia sddition to che wvcnant.^.s.^.d agreccnents r.r��e fln tt:e Scru*ity?nstnimr.nt, W�:
<br /> - ����`� :;orae�rcr and�.kndcc furth�r��cnu,�::s,d ag:ec w�fa:lo�:s: ,�,`. .
<br /> _ _..�._.._ � -_
<br /> v`;°'�� A.INTE�iEST RATE,�ND MONTHLY PAYMENT CIYANGIS �:=
<br /> -�°-M'��� '!'he Note provic�es for sn iniiia! in,c:cst rate of 7•��'F a.T�:c hiotc proi�idPS for changes in �'_-
<br /> •s�",� the interest rate urid the monthly payments,as follaws: __
<br />-"=".�--�� 4.IIU'I'EItEST ItATC AND MONTHLY PAYMENT CEIANffES -_-
<br />�a:�.-�."�"� `-_ _
<br />._,-ryc:;z�'? (A)Change Dates e
<br />".u�,;i.'���� ;°� The interest ratc I will pay may change on the first duy of JULY , 2000 .and on that -_
<br />`=;;�_,.`•`��: 't++� day every 12th month thereufter.Each date on which my interest rate could change is called a"Change Date." _
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<br />_,�i'�,�-,.' (B)The Index =_
<br /> "=--_ �9}�• BeginnIng with the first Change Date,my interest rate will be based on an Index. The "Index"is the weekly -
<br /> _-'���!h'�3'.`':i
<br /> �a�� aver e ield on Uuited States Treasury securities adjusted to a constant maturiry of 1 year.as made available by
<br /> d,�::,n;;��:; aS Y
<br /> �'i�'`�,'� the Federal Reserve Board_The most recent Index figure available us of thr.date 45 days before each Change Date '.
<br /> .�=�.,"i�:llD.'.�_
<br />-.�-�.��-.--�_:-;- is called the"Curcent Index." ����
<br />??;,:_���R�` � If the index is no longe.r available,the Note Holder will choose a new index which is ba,ed upon comparable A U'
<br />�=-=L•;�,�, informauon.The Note Holder wiU give me notice of this choice.
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<br /> -,�r�,�v F,}^�.,'t .. �
<br /> „�;.�,w�,,y,'`,�;.� (C)CalculaHon of Changes �+ _�
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<br /> - °- ,�� �efore each Chwnge Date,the Note Holder will calculnte my new interest rate by adding x
<br /> ____��=�� _ :
<br /> — � '�'y�0 perccntase point(s)( 2.000 %)ta ahe Current ����
<br /> =--'�F.
<br />_ __,,,�, ;�; I ndex. The Note Holder will then round the result uf this addition to the nqrest one-eighth of one percentu�e �_
<br />�`':�:,''_'��• point(0.125%). Subject to the limits statai in Section 4(D)below,this rounded amount will be my new int�rest ' :
<br />�""'{��..� rate until the next Chanse Date. -`.
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<br />_-��� .�:. The Note Ho(der will then determine the wnount of the monthly payment that would be sufficient to repay the -
<br /> za'Css"�.'•r�p unpaid principal thnt I am eapected to owe at the Change Date in full on the Maturity Date at my new interest rate
<br />'�=�-�i:�� in substantenlly equul paymcnts. The n:sult of this calculation will be d�c new amount af my monthly paymcnt.
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<br /> ,:, ,.. ,��,��,;:. (�)Limits on Interest Rute Chun�es
<br />-T'��y.�.'�.�:..;.� � 'I'he intemst te rcquired to pay at the fir�t Change Date will not be grcat�r than 9•3�5 /o
<br /> •�"''�=�".r�:`� � or less thon �'��� %.Thcreafter,my interest rate will never be increased or decreased on
<br />'=;�1,:-�:�,(;d any single Change Date by more than t�vo percenta�e points(2.0�/0) from the rate of interest I hlve been paying
<br /> "�� "�'� '' fo the,pn•�ceding twelve�onths.,�I7�interest rate will never be greater than 1�•3 7 5 q.
<br /> y"`'`'' ��°��--" '���� fu�y � erest ra e wi never be lower than 5 .375%.
<br />.;��.,_.';`i,i,�::..
<br />"`�• ������ ���` (E)EiPet�lve Dute of Cl�u��
<br /> `�`��'�f' �`�� My ncw interest rate will become effcctive on each Chnnge Date. I will pay the amount of my new monthly
<br /> - � ••- �'�-� : paym�nt beginning on the first monthly paymcnt date after the Change Date until the amount of my monthly
<br /> ;�_�:.,.....;:.
<br /> - - °v, • payment chun�es again.
<br />:; ,�::����+ (�Natice oP Char��;es
<br /> ::i�:=�.:�. .';�� The Note Holder will deliver or mail ta me a noticc of any changes in my interest rate and thc amount ot my
<br /> ' ' �''�''`"- monthly payment before the effective date of any change. The notice will include information required by law to
<br />,.,;.,s,-; ,.• _
<br /> •-• ;r:;=;:p� be given me and also the title and telephone number of a person who will answer any question 1 may have
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<br /> �'.;�.�..: . ;. ;�1 ° regurding the notice.
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<br /> ��-•� � �'`' ' MULTI5tATE qOJUSTABIL•RATE flIDEB-AfiM 6•2-Singlo Famfly-Fannie Mae/Frrsddie Mac llnitorm Inet�vmont •
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<br /> . . Form 3111 3186
<br />- � '-�•��� ����1030G1 VMPMORt0A6��ORMS•1�001677•1181 " VdnlCdonHeeyclCdPnyor I
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