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<br />'I <br />88- ~10389E <br /> <br />(b) Mangagor agrees 10 pay the Bdjusted monthly Inataftment amount beginning on tha Iinll paymenl date which occurs al leall <br />ltwty (30) days all.- MangalJM .... given \he AdjuBlmlI'lt NDllce to Mangagor. MDI1gagor wID conlk1ue to pay the adjuBted monthly <br />Inllahant amount H! forth In the IaBt Adjustment NDllce given by Mangagae to Mortgagor untH the lIrat payment data which <br />ClClCIln at least ltwty (30) dayB after Mangagae hu gIv., a further AdjuaImant Notice to MDI1gagor. NolWlthltancllng anything to <br />the oonlrwy ~ In thIB Adjustable Rate RIdar or the MDIlgIIge, MDIlgIIgor wi! be reIIav<<I 0' any obIIgatlon to pay, and <br />Morlgagea wII have fartlIIIlId .. right to IlDIec:t, any mIBB In the' montlIly Inlldment I/Ilount (caused by the IlIOIIIcuIallon 01 <br />BUCh _ ~ ~... 4(B)) lor any paynwd elm occurinlllea8 than ltwty (301 days all.- the Mangagae .... given the <br />appIoabIa AdjuI1mant NDllce to MDltgafIor. <br /> <br />(e) NDlWlIhalandlng anything cmtalned In thle Adjustable RaJe RkIer, In \he event that (I) the ExlBtIng I"'-t Rata wu reduced <br />on a Change Date, .xl (I) MDllgBgae fded to give the Adjustment NDllce ",1\., required, and (lII) Mangagor consequently, <br />.... rMda any monthly Inatainwd paymentB In _ 01 the B/IlOU/\t which would he.e bewI Bet 'anh In such Adjustment Notice <br />re- Paymanta1, then Mortgagor, at MOIlgagor'l loIe option, may eIlhw (1) demand tha rIIlum !rom MortgagH (who for the <br />purpoaea 01 thIa ..mence wlI be cIeemed to be the moIlgagae, or mortgagen, who received such Exceaa PaymentB, whe\her or <br />not any such mortgagae ....baequently BSaigned the Mortgege) 0'" or any portion of BUch Exceu Paymenta, wlth Int_t thereon <br />at e _ equal to the Indale on the Change Date when the Exlslk1g 1ntlrft1 RatB wu 10 l'1Iduced, frDm the date each such Excess <br />Paynwtt _ mada by Mortgagor to repayment. or (2) NqUeat that d or any portion 0' such Excesl Peymenta, together with .. <br />Int.... thereon cek:uiBhKI u Pft'Ylded _.. be eppIIecI as paymentl egelnBf principal. <br /> <br />~. Nothing contalnlld In thia Adjullable Rate Rider will permlt Mortgagee 10 accompliah an Internt ratB Bdjustment through an i'lCRlBle <br />(or decnue) 10 the unpaid prtnc:lpal bBlBnCll. Chang.. to the ExIsting Interest RBle may only be reflected through adjustment to <br />MOIlgagor'l monthly Inllalment paynwlll of principal and Inttrellt BS provided lor h...,. <br /> <br />~~ : <br /> <br />BY SIGNING BElOW. MongillO' Iccepts and agreea 10 Ihe tarml and CDYManll contained In Ihls Adjustable RBle Rider, <br /> <br /> <br />a {;.Jn~ <br /> <br />Joseph A. Cochnar <br /> <br />~O~ QQtf'kCV1 <br />""""-'" <br />Catherine A. Cochnar <br /> <br />(SeBI) <br /> <br />(SeeI) <br /> <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br /> <br />~ ... <br /> <br />The fcngolng i'lBlNnwll WSI eclcnDWladged belen 1M thia <br /> <br />18th <br /> <br />day 0' <br /> <br />July <br /> <br />1988 <br /> <br />.by <br /> <br />JoseDh 1. Cochnar and Catherine A. Cochnar, husband and wife, <br />WITNESS' my lWld end aIIIclaI ..... <br /> <br />My COImIiulon ... at ~ <br />... IIfAlY- -- <br />- ,U CO"..I! I. BAl." ~~ <br />~ lit l'A!Ba (JJ Oct , ~ _ <br /> <br />/i <br />/" <br />" .,I} ;.-- J~_.L.~ <br />_........l <br /> <br />r _') <br />d qj<?d-(__ <br /> <br />(SEAL) <br /> <br />STATE OF NEBRASKA <br /> <br />COUNTY OF HALL <br /> <br />~ ... <br /> <br />I harBby C8tIIy th.wl thia Inatrumenl we. lied lor record in my 01f'1ClI BI <br />and Is duly r1lClDtded in book page <br /> <br />o'dock _1.1.. <br /> <br />IOenl .... FIe"",_ <br /> <br />Feu, S <br /> <br />(tlcdy) <br /> <br />..... ..... . - <br /> <br />""Po 2 of 2 <br />