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<br /> ADJUSTABLE 1ZATE I�ID�R 2oo2�aa, —
<br /> _ (1 Year Treasury Index-Rnte Caps) -�- -
<br /> THIS ADJUSTABLE Rk�'I�RiDER ts mado this ZBTH dny o? �GT�B�� . �_-
<br /> 1995 �and �a incorpornted into and sha!! be deemed to amend and supplement We Mortgage.Deai of c
<br /> Trust or Securlty Deed(the'Security Instcument")of the same dute given by the underaIgaed(the"Bomower")to
<br /> scxure the Borrower's Adjustable Rate Nou(the"Noie")w —
<br /> • Tha Equitable Building end Loan Association of arand Islend, Habraska, A Federel Snvings Bnnk _
<br /> (tke°Lender")of the same date and covering the property described in the Securlty Instrument and located at:
<br /> 1507 SPRUCE PL 4RAND YSLAND�������A 68801-7048
<br /> THE N04E CONTAIN8 PROVISIONS ALI.OWINa FOR CHAN(i�S IN THE INTEREST
<br /> RATE AND THH MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THH
<br /> . QORRAWER'S lNTEREST RATE CAN CFIAN(iE AT ANY ONE TIME AI�D THE
<br /> MAXIMUM RA'PE THE BDRROWER MUST PAY.
<br /> ADDFfIONAL COVENANTS.In addition w the covenaats and agreeneents made in the Securlty Insmuaent, `
<br /> Borrower and I.ender futiher covenant and egree as foUows:
<br /> A.IINTEREST RATE AND MOPJTEQ.Y PAYMENT GHANGES
<br /> The Nots provldes for an initial interest rate af 7.250 �,.'fhe Note provides for cdanges in �
<br /> the i�tterest rate and t6e monthly payments,as foitows:
<br /> 4,INTEREST RATE AND MONTHLY P�IYMENT CHANGES
<br /> iAj���Yijti� _
<br /> The interest cate I will pay may change oa the first day of NOV�MBER . 2000 .and on that
<br /> day every 12th month thereaRer.g?ach date on which my intet�est ratc oould change ia cu[ted a"Change Date."
<br /> B)'1'he Indes
<br /> Beginning with the Srst Chauge Date,my Iaterest rate will be based on an�ndex. The "Iadex"is the weekly
<br /> aversge yIeld oa Uniced Stetes Treasury securlties edjusted to a constant ma�urlty of 1 year,es made aveilable by
<br /> the Feder•a`l Re3en►e Board.The most recent Indea figiue avallable as of the date 45 days befon each Change Date
<br /> ����{!lE��b���.�
<br /> If tho Index is no longer available.the Note Holder wiEl choose a new index which is based upan co�parable
<br /> �nfoimaHan.'Ihe Note Holder will give me nodce of this choice.
<br /> (G7 Cateolation o!Changss
<br /> Before eash Chaage Date.the Note Holder will calculate my new interest rate by addiQg
<br /> � peroeuta8z Po�'IS)( 2.000 96)w the Current
<br /> Index. The Nate?Iolder wtll then mund the msult of this addition to the r�earest one�eighW of one peroentage
<br /> point(0.1?S9b).Svbject to tLe limits stated in 5ection 4(D)below,Wis raunded amoum will lss my uew intenst
<br /> rate untii tUe next C`haflge Date.
<br /> 17te Note Holder wiU then deiermine the amount of the montWy payment that would be s�f6cient w repay the .
<br />- unpaid prlacipal that 1[am expected to owe at the C6ange Date in full on tha Maturiry Date at my new inten�t rau
<br /> ' in substantially eRuat paya�ents.The result of t6is calculaHon will be the new amount of my m�onthly paymem.
<br /> (D)Liwits on Interest Rate Cinnges g � 9.2 50
<br /> The fntenst rau I am requtred to pay at the first Chan e Date wW not be ter than 9b
<br /> or less than 5.2 50 gb.Thereafter.my interest sate will aever be increased or docreased on
<br /> any single Change Daie by more than two percemage points(Z•0%)from the rate of interest I h�ve been paying
<br /> for the�rew�ling twelve months. My interest rate will aever be gc+eater thnn 12•250 gg,
<br /> My interest rete wi11 nsver be lower than 5.250%.
<br /> (E)Effea[ve Dafe of Cttanges
<br /> My new i�erest iate wlll become effective on each Change Date. I w[Il pay the amount of my new monthly -
<br /> payment beginning on the first momhly payment date after the t�ange Date until the amount of my monthly
<br />= payment changes again.
<br />- (F)Nobice of Chan$ea •
<br />� wn._�rW v_�.t�...:tt.t�11...�......�il�.....v o.wins..F enu�unem in�u inlnmet�oln nirl!M mm�nn!nf mv
<br /> - auo a�vcc raamaw ..».....,,..�. ... � .. �.y �..�..p�...� ��_�_���__�, -
<br />= momhly pa�yment before the effective date of any change.The Roflce will include info�►tion�uired by law W -
<br />- be given �ue and also the tide a�l telephone number of a person who will answer eny question I may have -
<br />= regcuding the nodce. _
<br /> 3 =_
<br />� MYLYtSTA7'�ADJUSTA618 RATE R[DER-ARM 8�2-Sinpto Famtty-FannN MselFreddte Mao Ueitorm I�utevment _
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<br /> ,� Form 9111 9/86 -
<br />..� �$$'2A I83081 YMP MOATOAGE FORMS•18001521-7ZB1 � pMnted an Rd,yotp�P�pu _
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