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85-= 002536
<br />(5) (❑ If this box is checked, the interest rate. that I pay shall not decrease more than ....................
<br />percentage points on any Rate Change Date.
<br />(6) M If this box is checked, the interest rate that I pay shall never be more than .13.950 ...m-
<br />during the period I have my loan.
<br />(7) ® If this box is checked, the interest rate that I pay shall never be less than .... Q .......... ......%
<br />during the period I have my loan.
<br />(8) ❑ If this box is checked, the principal and interest payment that I pay shall not increase
<br />more than ...................... percent on any Payment Change Date.
<br />(9) C] If this box is checked, the principal and interest payment that I pay shall not decrease
<br />more than ...................... percent on any Payment Change Date.
<br />The Note Holder will adjust the interest rate on each Rate Change Date and on each Payment
<br />Change Date so that the change in the interest rate will not be more than those limits marked above.
<br />The monthly payment amounts will also change on Payment Change Dates as provided in the
<br />Note. Because payment changes may occur leas often than interest rate changes and /or may be subject
<br />to certain limitations described in the Note, the monthly payments may be insufficient at tames to pay ac-
<br />cruing interest. In such case, unpaid interest is added to the principal balance of the Note and itself will
<br />accrue interest thereafter. Linder the terms of the Note, the unpaid principal balance can never exceed a
<br />maximum amount equal to One Hundred Twenty -Five Percent (125%) of the principal amount originally
<br />borrowed.
<br />1 LOAN CHARGES
<br />It could be that the loan secured by the Security Instrument is subject to a law which sets maximum
<br />loan charges and that law is interpreted so that the interest or other loan charges collected or to be collected
<br />in connection with the loan would exceed permitted limits. If this is the case, then: (A) any such loan
<br />charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (B) any
<br />sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower.
<br />Lender may choose to make this refund by reducing the principal owed under the Note or by making a
<br />direct payment to Borrower.
<br />4. PRIOR LIENS
<br />If Lender determines that. all or any part of the sums secured by this Security Instrument are subject
<br />to a lien which has priority over this Security Instrument, Lender may send Borrower a notice identifying
<br />that lien. Borrower shall promptly act with regard to that lien as provided in paragraph 4 of the Security
<br />Instrument or shall promptly secure an agreement in a form satisfactory to Lender subordinating that
<br />lien to this Security Instrument. Failure to provide evidence that Lender has first lien shall constitute a
<br />default under the terms of this Note.
<br />.i. TRANSFER OF THE PROPERTY
<br />If there is a transfer of the Property subject to paragraph 17 of the Security Instrument, Lender may
<br />require (1) an increase in the current Note interest rate, or (2) an increase in (or removal of) the limit on
<br />the amount of any one interest rate change (if there is a limit), or (3) an increase in the percentage
<br />points to be added to the current index for the purpose of calculating interest rate adjustments as explained
<br />in Section 2 (B) or (4) an increase in the maximum interest rate to be paid over the life of the loan or all
<br />of these, as a condition of Lenders waiving the option to accelerate provided in paragraph 17.
<br />6. COVENANT DELETED
<br />Non - Uniform Covenant 21 of the Security Instrument ( "Future Advances ") is deleted.
<br />By signing this, Borrower(s) agree to all of the above.
<br />�.
<br />Step ten Wolf
<br />Pamela A. Wolf _H r,
<br />STATE OF NEBRASKA, _ _ _ .!ial1 County ss:
<br />On this ....... .24th .... ..... _ . day of ...... _.._?`L..._ ._. ...._...., 19..85., before me, the undersigned,
<br />a Notary Public duly commissioned and qualified for said county, perwmally came .......... ... .........................
<br />Stephgfn._D,_.Wptf_., sad. Pawela_A. -. Walf,,_ husband, -snd wife, .
<br />to me known to be the identical person(s) whose name(,,) are subscribed to the foregoing instrument and
<br />acknowledged the execution ther(s)f to he . .. _.. heir. _. _ . voluntary act and deed.
<br />WITNESS my hand and notarial seal at Grand Island, Nebraska in said county,
<br />the date aforesaid.
<br />BMRAL NOTARY SIM of Net >,oiia
<br />4Ry Commissi(xn expir( -s: *1 O Ergs[ siA 1`1 us �..; . r ... !m :,xl . �, i, .•
<br />„�...�, ,.� i.,i ;n� t:x,oi<�.,.reue npj.., +uo,w.'.uh. ��,.,., ,�i..� 7.•oi a..,,� �t 'r
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