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<br /> ', - AD7LN 001-406140�3 µ -:,�
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<br /> � ADJjJSTA�LE RATE RIDER �,�a .���48"�t� �����
<br /> � THIS AWUSTABL.B RATS RIDfiR is made this 218T day of �Y , � 1995 �and is .
<br /> Inca:pcssmud into nnd shs�fl be deemed to amcnd and supptement�he Mortgag0.�af Tn�st or Secudty Deed(�he"Secudry
<br /> . • Instiument")of the sama date g�ven 6y the underaigned(the "Borrower")W SCCI1ti0 BQ�POWft�B AdjU8f8blQ R8I6 NOtB(ill0
<br /> . "NOIe")t0 �OMS F8D$RAL SAVINdS & LOAN A880CIATTON OF aRAND I31,AND
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<br /> ,� ,. (the"i.endet")af the seme daf�e and coveriag the property descrlbed ln tha Security Instrument and lacatcd aC
<br /> , 4306 LARIAT LANS 320 PADUA RAVSNNA N8
<br /> � pg1�N1) IgLAND, NSBRASW# 68803
<br /> [ptopanY Addre�sl
<br /> • THIS NOTE CONTAINS PROVLSIONS AI.LOWING FOR CHANGES IN MY INTEREST RATE AND MY :��•_�
<br /> MONTHLY PAYMENT. WCREA3ES IN THE INTEREST RATE WII.L RESULT IN �Q(iHElt PAYMENTS. '
<br /> ...... � .
<br /> OECItEASES IN THE INTEREST RATE WU.L ttESULT AV LOWER PAYMENTS. ,.{: ,:� �
<br /> � ADDI'�'IONAL COVENANTS. In addidon w the covenants and agreemeats made in the Securlty Insuument, :_,� ,�. :�',
<br /> � Bo:rower and Lender fiuther covenant and agree ss fvUowa�: �:,;'�`::�, �.
<br /> �,,� �
<br /> . .. A.INTEREST RATE AND MONTHLY PAYMENT CHANtiES ,.
<br /> • � The Nots provides for an inItial interest rete of 5.500 9b. 11ze Note provldes for ch�nges in the :��' � �•
<br /> ��t
<br /> • �. interest rate and the monthly payments,as folloas: � _
<br /> • •' 4.INTEREST RATE AND MONTHLY PAYMENT CHANGES ° �
<br /> ,. �-
<br /> - , , (A)Citange i3afe�
<br /> � 1he interest rate I will pay may change on the fnst day of AvovsT � 1996 �and on that day ,.:: -:-:
<br /> ;�,�;�;''"�., e�e�, iaT�t montb thereafter.Each date on whfch my iataest rate could change is called a"Change Date." ;�`-
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<br /> 1''•. ' ,'s„ (B)The Index `r,t::�;._
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<br /> ��� Beginain8 with the fust Change Date,my interest rate wIll be based on an lndea.11ie"Lido�c"is: �;''�" �
<br /> �;,:`, � -
<br /> `' �• THE WSEKLY AVERA(4B YISLD ON UNITED STATE9 TREASURY SBCOftITIBS ADJiT3TBD TO A -� =--
<br /> �� CONBTJ�7T MATIJRZTY OF 1 YEAR. AS MADB AVAILAHLS SY THE FBDERAL RE3FRV8 BOl1RD. ;i'.:' �
<br /> , �,.,
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<br /> . ` 'Itee most rocent Indca��gure available as of the date: � 45 days ❑ '
<br /> . � befor�eac6 Chenga Date is callc�d the"Cumeat Ia�ex." �. �-
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<br /> ,",,,,;�. ��`;.�x. If tha Indox is no longer avallable.the Note Holder wlll choose a new index that is based vpon corapazable�nfoimalioa. i�- -
<br /> `.: :.t; � ;;:�;.. 11ie Note Holdet wlll give me aotk.e of this choice. ."���
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<br /> _ ,. . � (C?CWculatton ot Changes . °, �
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<br /> . . . Before each Change Date.tho Note Holder wjll calculate my new interest ra0a by sdding -----o
<br /> .. Two A�m oxE �fr.F percentage po3nc(s)( a.soo 96>to ihe Curreac tndex. �
<br /> � The Nota Holder wlll the.n roand the result of thls addidon w the �Nearest � Next Highest []Next Lowest � .
<br /> _ . ` . ONB RZ(it177t � .iZS �j),
<br /> . �,�.' Sub}ect to the limits s�ted in Secwon 4(D)below,this munded amount will be ray new intaest rate undl dee next Ci�ange .
<br /> : ;� Date. �.
<br /> � 'llie�Iote�Iolder wW then deteRnine the amauat of tke monthly p�nent that woield be suff'icient w repuy the unpa{d
<br /> . prinapal that I am�cpect�d to owe at ttee Ct�ange Date in futl on the manuity date at my new intenest rate 9n substantially
<br /> eqnal paymenta Ttie msWt of this caicWadon wlll be the new amount of my mont6ly payment ,
<br /> , (D)Limits on Interest Rate Cl�ges
<br />� ase c6eck approprlate boaces;�/'no box!s checked,there wIll be no ma�dmum tfmlt on chsnges.) °
<br /> .� � ;�)':h�e will ba no mexi�mum limit on interest rate changes. .
<br />` � � (2)'fia interest iate I am required to pay et the first Change Date wW not be greater than e.soo %
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<br /> , �3)My interest zate wW never be increased or decreased on eay single Change Date by more tlutn
<br /> TDto psRCSrrr percenmge point(s) ( a.000 %) from che �
<br /> ° rai�of terest I huve been paying far the preceding period.
<br />__- � �(4)My inter�st rat�e will navcr bc gmater than 11.soo S'n.which is c8lled the"Maaimum Rate."
<br /> � TH8 "MINIMOM RATF" WILL NEVSR SZ3 LBSS THAN 4.500i�.
<br />; M ULTIBTATE AOJU8TA8LE RATH RIDER-Singie Famtly a10�
<br /> Pap�t of 2 .
<br /> ��B�DA(9t0l� VMV MORTOAOE FORMB•(800)621•7201 ��RiaU: . i, �
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