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_ _ _ _ - - -----_ __ _ - - -- -- �. --- �-�-��...� -�—-- . �, , _.__ , .. . ., . , .., �.- ° . „ �, .. , , . �._y:._, � . �. . ..., ..; - . . _ . . ., ;��;��'�_=m .. • Y .. ._ . . .� ' .. __ . .. " . s 1"��H . . __' ""_" .. . .. � . .. .. :��i . .. ._ " _' , " ' _'.'". . .. � rt•.- . ' - - ., . �1�'�� r' � . � I ��r��rA�� a,� _ ��R . _� .. ,. dt YAUTre�cy p.r�-�.c.�w a�o��3�� . � • .' �.tIS ADIUSTA,BC�RATF.Qt1aER ia m�ck thii ,30T�i �x o� J llNE . 9 99v .�nd is inoo�p�ted inW urd elWl 6e deonwl w�qeM�nd w�iatMnt tlie�►loet{ye�iJe�d,c�' ., �� 7'rwt•nr Secutity i�eed(lfie'Secqdt�r ImWuma�")o[the s�a�e d�te�iven by the unda�si�d(rhe"8nn�")w �e E��• j d�wwbk Iteu Mate dth� "N+ate")tc� . ' . � p•it1 � ui141n rt@ Lo�n Ao�cci�ticn ot dnnd Ii1�nQ, Nrfntk�, A Fedlr�i S��ls s�nk phe"L�ender")of the wme date xnd rovzrin�the pmpcety dacribed in ihe 5ecuriry Inauument and locatad«: 25Q6 �CiiAIu�ERCE AVE GRAhtO ISLRNQ. NE�RASKA fi8801-73?.5 l�aro A�+1 '�HE f�OT� GONTAINS PAl�VI81QN8 AL1.01RfINa FOR CHANtiES IN TFIE IKT�3T RAYE AlYD THE MONTHLY PAYMENT. THE N�TE UMlTB 'i'HE AIM�l1NT TtiE 60RROMIER'8 INTEREBT RA7'E �AN CHANOE J�T �NY ONE' 'fiME AMD T+IE � l�Alll(IINUM RAT�'fHB 808RONIER MU87 PAY. ADl)1TIONAL COVENAIVTS. �n additian to the covea�nts ud agcanxnts mad�in tbe Secudry Ira�uma�t, • Bormwer and Londer further oovenam and ag:ee aa follows: � A.IIV'1'ERESf RATE AND MONTiQ.Y PAYINENT CHANGFS The Note provides for an initiel ia!erest rate of �•2�� .The Note pmvtdes far ch�nges in the iriterat rute and the monthly pyYmenta,as follows: 4.II�TBRLST RATE AND 1biONTHLY PAYMENT CHAMGES (A1 C6am�Dates The iau�+est t�te I wlll pay may cl�ange on the first day of J U LY � 2000 �Ynd an tbat day every 12td month thenn�fter.Ea�h date on whlch my iaui+est rate o�t�ld chanIIe is callcd a"C4angx Date." (B)7T�L�dex �eg�nning wlth the first Change Date,my interest rate wiU be based on an L�dex.The "lndea�"ie the wakly average yteld on Uaited States Tceasury socuriHes adjnstcd to a caastant mawrlty of 1 year.as made availeble by the Federal Reserve Board.'fhe most reaat�ndex fi�uca aNailable as of the date 4S days before each Chtnge Date is called the"Current Index." If the index is no longer availeble,the PTote Holder wiU choase a new lndex wdich is based upon oompaiable Info�matton.The Note Ho3dcr wtll glve me aot�ce of this chaice. (�Calculation oi Gdaagea &fore each Change Date.the Nnte 3Iolder will calculate my new iate�st ratc by adding � P��Se Pe�nua)( 2.000 �)to the Ctirrent Indax. 'Ibe Nate Holder wrll�thcm roumd the result of this addttion to the nearest one-eightln a�f oae percentage point(0.125°�). Subject Q¢�¢he litnits stated in Se�ion 4(D)below.thls rounded nmount wiU be my aew 5atecest ' rote untll the next Change Date. The Note Holdcr wlll then determiae the aiaoaat of the monthly payateat that would 6e suff�cient W cepay the � � , unpaid princlpal that I am expocted to owe at the Chaage Onte in fuA on the Maturity Date at my x►ew interest rate �. in substantially equal puyments.The result of this calculation will be the new am�aunt of my mondily paymem. ' (D)Limits on Interest dtate Ch9nges : 11te int�nest r�te��requirod to pay at We first Change Date wili uot be greater thaq 9.250 � ' . or less thxn %.Thereafter.�y intemst rate wHl never be iucm�ased or docceased oa � any single Cha�ige Dute by ntore than two.p�maentage points(2.0°l0)from the rate of interest I have been paying fo th� r�Ingc�elve unths.,M iatemst rate will�ever be�ter than 12•25t� � 9b. MTy ��t erest ra�e w�1� never be �owe r-t nan 5.250AS. (E)ERe�ctve Date ot Changes My rtew interest rntc wilt bc�om¢effecdve on each Change Date. I will pay tlic amount of my new moathly payment beginning on the first momhly pnyment dcue aRer the Change Dute undl the amount of my mumlily payment changes again. (1�NoNce oi Chang�s The Note Holder wW deliver or mail to me a narioe of anv chanees in mv inrec�st r�te and t�e mm�unt of mv monthly payment before the eftective date of aay chunge. '('tte notioe will include informattan cequlred by law to be given�ne and also trte tide and tel.ephone number of a person who will nnswer any questlon I may have regarding the notIce. MULT(STA'd'�C,�OJUSTABIE RATE RIDEii•ARM 6•2-Sirtgle Famlly•farmla MsefFreddis Maa UNtmrm d�atrtrn�nt . Fomt 3111 9l88 ��9�2��£e'S� YMPLtOATOAGEfORMS•�80016Yt-7281 � p�t�y��bp,�p . •.-. _.. ..� . ... . ..�...-Y._.�.I.�Y-.:e.irJL1WSOiSLa1L.�Y5l��.. ... . . • . .. .A...1J�lL��ih 'YAJRnr�i��+ llLaiL1]r�.�_.--..._. .