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-� .. .. T" ' . - -- ., , _ .. _ _, r ' . ADJUST�BLE �tATE YtIDER 20'b27391 _ ti Yair T�eoury Index-R4te Ca�pe) �� , — . THIS ADNSTABLE RA1B Rli)P.R ia made this 23RQ day of JUNE . , - - _ 1995 ,�d is;ncorparated into and sho11 be damod to emel►d and aupple�st the Mortgage,Deod of Tmst or Securlty Doed(the"Security Instnicnern')of the sa�at date given by the undersigncd(tl�e"Borrower")to secure the Borrower's Adjustabio Rate Nate(the"Note")w iht Epuitebie BuilOing end lo�n Associetfon of artnd Ial�nd, Nebrneke, A Pederal SeYings Benk (We"Le�er")of the seme date and covering the Propert3'descdbed in tbe Security Tnsmm�enc and located at: 2738 N WEBa RD aRANO ISLANfli�N�EBARA�S9K�A 68803-1342 •THE NtlTE CONTAiNS PROVISIONS ALL.OWINO FOR CHANGES IN THE INTEREST RAT� AND THE MONTHLY PAYMEHt. TtIE NOTE I.IMITS THE AMOURT TWE BORROWER'S !N7@I�EST RATE CAN CHANtiE AT ANY ONE TIME AND 7HE MAXtMl1M RATE THE gORR01NER MU8T PAY. ADDITIONIU.COVF.NANTS.In additian to the covenants end agrcements made ia the Socurity Iustrumont, ldozowu and I.��der fl;rtttEr c�vcnnaat�nC ngree s:,folFotvs: b,�;;;- A.YIVTEREST RATE AND NddNTHLY PAl'ML�NT CHANGES • -.- . The Nou provides for an initial interest rate of 7.�7 5 %.The Note provldes for chanbes in the interest ratc und the monthly payments,ns follows: 4.INTEREST I�ATE AND MONTHI.Y PAY1VlENT CflANGF� (A)Chaage Dates The lnterest rate I will pay may chunge on the fust day of J U LY 2000 �and on that _ day every 12th manth thereafter.Esch date on which my tnterest rate could change is called a"Change Date." _ (8)The Index = Beginning with the fitst Change Date,my iaterest rate will be based on su�Index.Tlte "Index"is the weekly __— averago yield on Onited Stntes Treasury securities edjusted W a consta°t matuiity of 1 yea�.as made available by �:�ei the Federal Resexve Board.The most raxnt Iindex figure available as of the dnte 4S days before each Change Date -_� C�+}.. ta called the"Curnnt Tndea." �°:,--.. If the Indea is no longer available.the Note Holder wIU choose a new indes which is based upon comparsble informatlon.'ltte Note Holder wlll�ive me aotioe of this choice. �.;.;;�- �:�• - (C)Calculation of Changes `•'�"... F:,�`_ - Before each Chaage Date.the Note Holder wiD calculate my rtew interest rate by adding �,, �p percentage polnt(s)( 2.000 `%)to the Current :�.;� Iadex. The Note Holder wlll then t+ouad the result of tUis additIon to the nearat one-elghth of oae percentege ,c;;, point(0.125�). Subject to the limits stuted in Secdon 4(D)below.this munded aueount will be my new iatecest ��'� rate untll the nea�t Change Date. The Note Holder wifl then determine the umount of the monthly payment that would be sufficient to repay the _ unpaid principal that I em expected to owe ut the Change Date ln full on the Matur�ty Date at my new interest rate . - in substantieily equat payments.'t�e result oi this caicutativu wtil be Wo uGw u,u�uat uf niy raoc�d�iy pnyi►unc. . N)Limtfa on Interest Rate Changes � The interest �5 87 5��pay at the firet Change Date will not be greater than 9.87 5 qo , ,. or less thati �.Thereafter.my interest cate will never be fncmased or decreased on ^ = eny single Change D�ate by more than two peroentage points(2.040)from t he rc►te o f Interest I h ave b e en pa y ing �?;;_ _ f My e�n'teres e1 ratie wi�i 11nnevt�r��be n�ower- than� 5.875At75 �o, (E)Eifect[ve Dute of C6unges My new Interest ratQ will bacome effetdve on each Chauge Date. I will pay the amount of my new montlily -= payment be$(nning on the fi�st monthly payment date after tha Change Date until the amount of my montLly = paymcni chunges a�afn. 9 (F'1 Noiice ai Chang�s - 1'�e Note Holder will deliver or a:siil to me a notice of any changes in my interest rate and the amount oi my � - montl�Iy payment before the effective date of any chainge. The notice will include informatlon requic�ad by law to ` _= be given me aatd also the title cutd telephone number of a person who will smswer any q¢estion I may have � regardin8 the aoNoe. . � � :� � MULTfSTATE AOJUSTABLE RATE RIOER-ARRA 6-2-Singto Fam11y-Fannt�Mas/Freddts Mao UNfoen Inmument � _,r form 311t 9f86 ,�� Z�1A3081 VA1P�SONTOAGE FOP.MS•IBOOIB2t•7291 � PrIntC4 on Retyded V�Dn