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<br />005701
<br />AJWSTAXE RATE REDER
<br />(I 5 tat Treasury )udnr Raw Caps)
<br />THIS 4DJUSTARLE iifATERIDElt,is:me& this 15th day of 'November 19_$.7._.,
<br />and .is mixtrposaad .into and shell be deemed to amend and '.supplement the 'tvlortgage. Deed of Trust, or 'Security :Deed (the "Security
<br />Ittstrunion ") of the sang date given by the undersigned ( the '`Bimower ").to secure ]borrower'.; Adjustable Rats Note :(the ' `Note") `to +K ME
<br />L Built)) M i tL011tltl AVOOCIATON OF ,Q AM1fltil ML MM, NEWWAKA (the . `.).ender ") of he mtne date and covering the
<br />prepeny deserhad in:thteSecurity 1twitti ent and located at:
<br />2312-W. 8th St., Grand Island, NE 68801
<br />(property Address) --
<br />This :tole :ewnaillft :prm wtM GNowfap iaar -chan tt in ley interest rate atoll WIN 111111101111W
<br />paywants. TtNa work aMo IhtdM :tie awnrst,my inteerxt =I a caa.cttogle at awe sloe tiwte awl
<br />alseNtr pas.
<br />ADDITIONKI.- CONTNANTS.:In addition ill the covenants and agreement., made in the Security Instrument, Borrower and I ender
<br />furthttr. covenant and agree as follows:
<br />A. JIMMENT 7IATE A*fD iM v31EgI:l" Pa►I "M£N [' (21AN MS
<br />T. kw Now provides fm an initial Interest rate of _ a» __.°I°. -'ectlnn 4 of Ill- 'vote provides for changes in the interest rat! and the
<br />monthly pwynsems, as follows:
<br />A. P%7EREST RATE riND MCt1TFlt- Fl-.dl IME1'T CH 4'GES
<br />(A) !CJtat boll s
<br />The interest rate i wilt pay may change on the first das o' -- December i St and on that dap every
<br />tW2 i y 3 months thereuftei .each date on which my irfwres; rate could chance is called a "Changr.Date."
<br />M) TYe Mien
<br />Beginning with the first Change Date, my interest rate will he based on an.lndex. The "Index" `.: the we&ls average vield on united States
<br />Ticasury =unties adjusted to a constant maturin' of I veal, as made available by ihr frderai Reserve Board. The most scent index figure
<br />available as of the date 45 days heiore cacti Chattge.Daw is called ihr "Curren, index "
<br />If lice hula; is ne longer avaihahit, the Note 1-foldei will choose It new Index whlcr. Is based upon comparattle information.. The Note
<br />Holder will give me, notice of this ehuiuc.
<br />(C) 'Cole rINiv MUCMOW
<br />Before caeh ChimIw LN tt, the Piste Holder will calculuu: my new mtcrev rate b,, adding X —I & SeV rl / el rQn 15 _ ner. —Magi
<br />points( 1.875 Irv) to tell Current tnttex and rounding to the nearest 1 'Sth of I ° %c, subiect to the hmity, Stated in _Sec Ikon 4t I)) irelow.
<br />Thus routuied amount wi1I he my new interest race until the next t hangs Datc.
<br />The Note Holder will then: determine the amount of the monthly pavmen that would he suffrten: tc, repels to full file prtncipui I am
<br />expected to owe tin that Change Date in suhitanhally equal pavmertta r,y the maturity rate a: my new mtcrrst ate The resat) o) tills aiculannr.
<br />will he the new amount of my monthly pavment.
<br />(A) IAN" twlwiform i1not (Ywtieft
<br />The mtere81 rate i am required o, Ties at tot• fir,zt ; hange Dalr will nrn b: greater 'tuts: =�_ _ "�,� o; less than
<br />E,', 7 5 %. Thereafter, ms interet rate will ncvci hr ntCCased or tledren +rd on am .angirC:hangr Date by morn• that; tWt) Dercen-,.
<br />2 V trom the rate tit Interest 1 havr trees paying for the preccding twelve tnuntf❑ The mtnmmn; Interest rats• on this loan will owes M-
<br />t
<br />leas than —z % �' -- � and ihr maxtmunt mterrai rant: will never he greater than _�,�. - -_7 -? _ _ __ °'r:
<br />(Et Mwi ivit Pate of Chawlin
<br />lvis ttris interest rate will become effretwe nn cadt Change Datc. !will pin tar amount n! fats nrw months, navmew hegntnmc oh the firs;
<br />mtmthly payment date after the Change DUM until ihr, amount of m, monthfv puvincnt change, again
<br />tf) %046M td Cawapas
<br />The Note Hader will snail or deliver ro me a notiar helorr cacti t.'hangr Daft Tile noocr wW advrst the o!
<br />ti) the item mtereat rate on nn, Loan as of the Change Datc.
<br />Ill) the amount of my monitdy payment following the Change• i aw,
<br />f iii} stn ttddiuvrtal matters which ihr Nntr Holder t� regwred n, dtsdnsc, mid
<br />fly) the address of the asiac,anou voo coulee coottact regarthrng ass question, . about ihr ad ntstmmni HOME
<br />i. CMA 2i; LWWN
<br />Uniform Covsnum 4 of the Securm Instrument is amended it, read as hillows
<br />4. Clowam; L*m.l3nrrowel stall pay all taxes, ussesarticrus, and cltha charge, tines, unit Impositions a![rthutabir w the t'roperry w'm Ai n;a,
<br />atfam a priority over this Securty instrunrcsn, and leasetiold pavmenu of ground rent,. If any, tit the mauner provided under petragrapt: hereot
<br />or, if tun paid in suet, manner, by Narrower makaw payment, when+ due, dir"fiy to the paver :hereut Morro -et shall promptly furnish I.crdrr
<br />all noncan of amounts due under this paragraph, and m ihr . event horrnwer shall make pavment directly, Borrowet steall piumpth turnnn it,
<br />Sander twelaw evidencing %uch pavriems. horrowel shall ptomptn disclurgc any licit which ila, Tilton[, over this ;,ecuruv tn.cruntent.
<br />h10sRVlaf., Borrcttsier atuli not Or nalutnal to diacharftr atR suet Item Sl -, Inns a, horrower tat shall agrer tit wrtutill, Ili the pavmsh, of fill,
<br />aMptit secured by such Itari in the manner aceeptaftir it, I.erdicr; thl shall m ginid tail :, contest such hen t,s, to defend against eat nr"rn)etl1 ill
<br />silo Matt in, iapsl plocaeslintts which ITT the opinam of L.eadcl utwate u, nfrvety the rnlorccnneru tit the Itch of loriciture tit the prooerr, It any
<br />W t1farect; nr ic) stall ,wcurr 'tram tine hider tit Such licit m. agrecnicn: ;v n Torn satntacom. TV IMIKIC? stdrordmating Ludt Iran c,. ills,
<br />%itetrfrx :ttMhWnem
<br />If Lando deft milm that all err any hart (if the Protrer!, Ili ', ithlest it, It 11Ch wtil�ti nlal dt;alli U r,tlnnt, t „•CI AllS Sr .Unt\ In',ountrw
<br />Iasrabr lhallgeve harrows a notux idenli!vtrig. such Ilcr, hnrruwet shall aiW% Stl,a= Ilea ill lal,' nor ,, morn w the a; hod, ,_,.l ahn.r
<br />srdnm all devil tit the s ivtrty at the n000r
<br />L
<br />Uniform C_Irmalm la ill flirt !Wwutif, Inauruntsm h. annendet! !t race if !olil,ws
<br />14 %ohm, f: mp, law ens nutirn• rettulret; unde! nppiailli, law 11 , r„ g.ven n ansitnCl olanht• lies All It_t;tn: '„ h- +i„wc t �.te,! t; • ,.
<br />*s:.arito- ItwUutnmti ouil; Mr ptrvrn by drl,vr!ow a oI h, mailing r f•: 11— .Aft, Ilia,, u, ha --- a •tu Aiw< ! 0 V 11, rHr. tuta�.
<br />a-, Wirri -c' Tile, is affl, h, nnnLM ai olw [h+ "I1- ❑ ,I t:i +, .�giit^ .;tan .ta'=
<br />irQiLtre54 Vlakr"O nelYlt fit: tai 100, l'itm, atdl,r"A ,y =. , rt"W! till, ;femind1, 1 n't_-' i li: �•,. v.. .,. t i41 't „ , t ,; V” .i
<br />`.ewe 1, ilm lilac„ - >, .4,If'.'m til.mtnn: e t'tw 4•• Item, k:•... t, t;, k', .. sr. w1 .
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