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. , . ,. .. _ ,... .. , . , . �,,,�.��-_-... .. . _ ,. �.t .T ' � . ! � :r�.,i.�, .��1�'�`'N�na�#-IWycr�w'a.�itf"k''" _ ^� ...,,...-�-. - � � ��-,�a-inS'r.�_�^�!I.'�'T�tS.:u_i„___"--_—_-- .uur_ - _ -_. ._ '_. _. . . ___.. ... . .. .. ... . . . _ . . .._. . � �. 1�96- aa��z ADJU3TABL� RAT'E ��R 2ao2�sga _ ci v��ury t�a�-�ce c�� , _ THIS ADJLiSTABLII RATQ t3IDBR is�m�de this �3RD day of ��E . �- 19 9� �And is inoorpoxatod into and shall be damod to atnend end supplement the Mortgagc.Lfaod of Tnist or Secudty Deed(the"Secudry InstrumenY)of the spme date gi�en by the undersigaed(the"Borrower')to secure the Borrower's A�Justablc ltnte NotG(the"Note")tcs T�e Epuitable 8uilding end loan Assoctetion af arand Island, Heb�aske, A Federai Se�ings 8enk (tbe"Lender")af the same date nnd covering the propecty descdbod in the Securtty Instnunent and located at: 1038 N SHERIDAN AVE dRANU TS�ANQ. NEBRASKA 88803-3538 � (P[operiy Addrcss] — THE NOTE CONTAINS PRSVISIONS ALLOWIN� FOR CMANGES IN YNE INTEREST RATE AN6 T1�E MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE -- BORROWER'S 1(dTEREST HATE CAN CHAkGE AT AN1P ONE TIME AND THE MAXIM6JM RAT@ THE BOIiR0111f�R MUST PAY. ADDITIONAI.COVLNANTS.In eddition to the oovenants and agc�eements made in the Se�ud�Y Ins�wnent, Horrower an�i L.ru�ier fluTher covemm uad ugt+t�aS follo�vs: � A.INTEREST ttATE AND MONTHI.Y PAYI4�NT CHANGES 1t►o Noto pmvldes for an initial interest rnte of �•125 9b.The Note pmvldes for changes ia the imen.ct rate and ihe moathly paymemss.as followa: 4.BV'fER�:ST RATE A1VD MONTHLY PAYN�:Nf CHANGES . (A)Cha�e Dates = The lntrrest rau I wIU pay may chnatge on th�Rrst day of JULY . 2000 �and on that day every 12th momh thereafter.F.ach date on wh�ch my Interest rate oould change Is cuilad a"Change Data•" B)'I'6e Iades �� . Begimdng with the firet Change Dau.my intenst rate wtll be based on an radea.'!Ls'Indeas"is the weekly ' � � avernge yleid on Uait�d States Tc+easury securlties adjusted w a oomstsnt maturiq'of 1 ye�ar,as made availabla by the Foderal Racenre Boand.The most reaat Index�igure available as of tbo d�e 4g dsrys before e�ac�Cha�e Date is called the"Cumnt Iade�c.' . If the Iudex is ao lo»ger avallable.the Note HlWder wip et►aose a new inda�c which ia based upon oonapuable Wotmation.The Note liolder will giva me notioe'ef this choice. (C)CWculatbn o!Changes Beforo eech C6ange Date,the Notc Holder wil!cutculate my new interest�te by addIng nyp • perc�amge polnt(s)( 2.f1�0 9b)to the Curirnt � I�lez. 'The Note Holder will then rdvnd the result of this ed�iiion w ttie nearGSt one-�.igdt3e uf one peroe�uage poinc(O.i2396).5ubject W the lim3ts§tated in Sxtion 4(D)bolow.this couadal cunount wlll belmy�w iaienst • iate wui!the»eact Ci�an�n Dato. The Note Holder will then deumnine the amount of the montblY paymeat that would ba sufficIent to nepny the unpaid rutncipal that i am expacta!w owe at the Chan,qe Date in tiill on the Maturity Dau at my aew intenst rate in substautially equal Pa►ymeats.'Ihe result of this calcutatian adll be tlie aew amow�t of my montWY P8y�. (D)Ltmfte on Ietei+est Rnte Changes 9.12 5 The iatenst rate I am requit+ed to pay at the first Change Date wiU not be gteater than % or tess tlu�n 5.12 5 9b.7�hezeaRer.my inte�est rate w1U never ba ina�asod or dec�a5ed on eny siuglo Change Date by more tknan two peroeatage points(2A4b)f�+om the rete af iuYCrest I bave been paying for the r000ding tweive n�onths.M interest rate will never be er t1�an �2•�2` �,• My �nterest rate wi�1 never be 1owe�han 5.125%. (E)Ettocbive Dateoi Changes -- My new iat�aest rate wiU becomo ef�eCtive an each Change Date. I will pay the amowit of my new mont6ly payment beginning nn the fi�st monthly payment date aR� the G9�ange Date until the amount of my moat6ly payment changes again. (F)Notice of Changes ° _.l.L__ �C�� The Note Holder wilt aeliver or amii[o erte n nocioe of any cieanges in my inici�i��dR.�.��......w� monthly paya�ent before the effective date of any change.The notice will inLlude info�on ceyuised by Iaw to =• be given me und also the titie and telephone number of a per-�on whu will unswer uny que.�ion I m�y havc _ �egurding the notice. _ MilLTtSTATE/IDJUSTABIE RATE R1DER-ARIa 8•�•Single Fomlly-FannM MN/Froddi�Mao U�fdm tnsiTtNt�oM ' Fam 9111 3l88 _ �$�lN(B30'SI VA1P M011TG1t61'WA1A9•18001621•7t31 � MntoO m Re.rytltl Ppr _