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<br /> ADJUST�4,BLE �TE RID�It 2oo2�ass -_
<br /> _ (1 Yeur Treasury Index-Rate Caps) —
<br /> T�-IIS ADDUSTABi.E ltATE FtIDER is mnde th�s 27TH da►y of OCTOBER � --
<br /> 1 98 5 � aud ia lncorporated into end shull be deemed to umend cu►d supplement the Moeguge.Deed of `
<br /> Trust or 5ecurlty Deed(the"5ecurity InStniment")of the same date gtven by tho undersigned(the"Aorrower")to
<br /> sxyre the Horrower's AdJustable Rate Nate(the"Note")to
<br /> tha Epuitable Butlding and loan Assccintion of arend Isl�nd, Nabrnaka, A Federal Sevings Aank
<br /> (the"I.eader")of the same date and covedng the property described in the Swurlty Instnun�nt and laatted nt: -
<br /> 4233 TEXAS AVE aRAND ISLAND, NEBRASKA 88803-1008 �
<br /> [properiy Addrcss]
<br /> THE N07E CONTAINS PROVISIONS ALI.OWINO FOR CHbNGES IN THH IWTERE6T
<br /> � RATE AHD THE MONTHLY PAYM�NT. THE NATE LIIWlTS THE AMOUNT THE
<br /> BORROWER'S INTEREST RATE CAN CMANOE AT ANY ONE TIME AND THE
<br /> MAXIMiAJM RATE THE BORROWER MUST PAY.
<br /> ADDTITONAL COVENANTS.In addition to the ooveaauts and agreements made in the Seciuity Instmment.
<br /> Borrower and L.ender fiirther covenant aad agree t�s follows� ,
<br /> A.INTEREb'T RATE AND MONTHLY PAYMENT CHANCES
<br /> Ttce Note pmvtdes for an initial interest tate of 6.62 S %.The Note pmvides for changes in
<br /> the interest rate end tho montlily payments,as follows:
<br /> 4.INTERESP RATE AND MONTHLY PAYIVIENT CHANGES
<br /> iA)C�anBe Y3��
<br /> 17ie interest rate I wW pay may chan8e on the fust day-of NOV EMBER , 1998 .and on that
<br /> day every 12th month thareafter.Each date on which my interest tate conld cl�ange is called a"Change I)ate."
<br /> (B)The Indox
<br /> geginning wIth the first Change Date.my interest rate wiil be based on an Lidex.The"Index"is the wakly
<br /> average yield on United States TreaEUry secudties adjusted w a wnsiant mat�rIry of 1 year,as made available by
<br /> ttne Federul Reserve Board.The most recent Index 6gure aveilable as of the date 45 days before each Change Dau
<br /> ia c�{led the°Cument Indes." .. -
<br /> If tlie Yndeu is no longer avaitable,the Note Holder will choose a new index which is based upon comparabla
<br /> fnformation.The Note Holder wiA give me noace of this choice.
<br /> (C)Calculallon of Chaages
<br /> Bafore each Change Date,the Note Holder wil!calculate my aew interest rata by adding
<br /> TWO P�n�88 Po�t(s)( 2.OQ0 9b)w the Curcent
<br /> Iadcx.9'he Note Holder will then round the result of thia uddldon w the r�enrest onaeighth of one pe�centage
<br /> poLrt(0.123°,�,). Subject to the limits stated in Searlon 4(D)below.this mundal amovnt witl be my new lnterat
<br /> rate until tTn�aext Chadge Date.
<br /> T7te Nota Eiolder will then determiwe the amouat of the monthly payment that wonld be sufSctent to repay the
<br /> unpaid princIpal that I am expected to owe at the Change Date in full on the Mamrity Date at my n�w interest rnte , ,
<br /> � in substantidlY�l�PaY�nts.The result of this calcuiatioa w3U be ttee new amouat of my monttily puyment.
<br /> �)Limlts on Interest Rate Changc� 8.625 �,
<br /> The laterest rate I am required to pay at the first Chaage Date witl not be greater thaa
<br /> or less than 4.825 ",5.ThereaRer.my imerest rate will never be incieased or decreased on
<br /> any siagle Change Date 6y more than twn percenta�e points(2.0%)fram the rate of intenst I have been paying
<br /> for dte preceding twelve months.My interest rate wiU never be goeatcr than 1 1 •82 5 �•
<br /> My interest rate wi11 never be lowar than 4.625%.
<br /> (E)ElTective Date of C6anges
<br /> My new interest rate wiU become effective on each Chenge Date. I wUl pay the amount of my aew monthly
<br /> payment begirming on the first monthly payment date after the Change Data untll the amoum of my monthly
<br /> payutent changes again.
<br /> (�Notioe oi Chsnges
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<br />- IQO 1�0[C IIOI{iCf WIU ttGlrcl Vi umst av nav a�av�aw v�.....:"'�:...�y....�_�"�—�' —"" .. -
<br />= mnnthly pa,yment before.the effa�tive date of any change.lhe notice wi.11 include informaoion required by law to
<br />_ be given me and also the dde and telephone number of a person who will answer any questioa I may have
<br />- regarding tde nadce. ,
<br />— NIULTtSTATE AO.lUSTABLH RATE R1DHR•ARM S•2-Sirtgle Famity-Fannte MaslFroddie Mac Urtiform InstrumaM . .
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