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<br />83-11lJ2708 2120 South 72nd Street, OIIIaha, Nebraska 68124
<br />I will make my monthly payments at
<br />\:.t." .,. ~~.",J.\~... ...'...
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<br />or at a different place if required by the Note. Holder.
<br />(B) Amount of Monthly Payments
<br />My monthly payment will be in the amount of U.S. $ , , , . The Note Holder will change my
<br />monthly payment as required by Section 4(C) below on the 6th Inleresl Change Date and on that day every 36th month
<br />thereafter. Each of these dates is called a "Payment Change Date. "The Note Holder wiii aiso change my monthly paymcm
<br />on any Interest Change Date if Section 5(B) below requires me to pay the Full Monthly Amonnt.
<br />(C) CBkulatIon of Monthly Payment Changes
<br />Before each Payment Change Date, the Note Holder will calculate a new monthly payment sufficient to repay the unpaid
<br />principal balance on my loan in full on the maturity date at the Payment Rate in substantially equal payments, The "Payment
<br />Rate" is the sum of the Index figures <In the five JO;I~Tf18 Change Dates preceejl~81 Payment Change
<br />Date plus the Current Index. divided by thenumber 6, f\!!'ice T t'liat. tR'ifCiIll~nlfdtere$t. ra~~' ffiIIIl1Yg!e1f
<br />the nearest one-elglJth of one percentage pomt \O,1259'c)-shalr not exceed 15.000%.
<br />I will pay the amount of my new monthly payment until the next Payment Change Date unless Section 5(B) below
<br />requires me to pay the Full Monthly Am<lunt.
<br />(D) ElfectiveDate of Payment Changes
<br />Until my monthly payment is again changed, I will pay tbe amount of my new monthly payment each month beginning
<br />on the first monthly payment date after the Payment Change Date, or Interest Change Date if I am required to pay the Fun
<br />Monthly Amount,
<br />S. UNPAID PRINCIPAL BALANCE
<br />(M Changes in My Unpaid Principal Balance
<br />My monthly payment could be less than the amount "f the interest ponion of the Ilrst Full Monthly Amount I owe or
<br />less than the interest ponion of my first Full Monthly Amount after an Interest Change Date, If so, the Note Holder will
<br />subtract the amount of my monthly payment from the amount of interest I owe and will add the difference to my unpaid
<br />principal balance each month unltl the next Interest Change Date. The Note Holder will also add interest on the amount of
<br />this difference to my unpaid principal balance each month. Until the next Interest Change Date when the Note Holder
<br />determines my new rate of interest on my then unpaid principal balance, the rate of interest on the interest added to principal
<br />will be the rate determined in SectIOU 2 above.
<br />My monthly payment could be more than the amount pf the Full Monthly Amount. If so. the Note Holder will subtraet
<br />the ditTereoce from the unpaid principal balance of mv 1UllO each month until the next Interest Change Date as if I had made
<br />a p'Mtial prep-d.yment under Section 7 below,
<br />(Bl Limit on Unpaid Prindpal Balance; Requirffi Full Monthly Amount
<br />My unpaid principal balancc can never exceed a max.mum amount equal to one hundred twenty-Ilve percent (125%) of
<br />the principal amount I originally borrowed, If my paymg the amount of my monthly payment after any Interest Change Date
<br />would cause lite unpaid principal balance to excl'ed that maximum amount at Ilny time, I must pay instead the Full Monthly
<br />Amount as my monthly payment until the next Payment Change Date.
<br />6. ,NOTICE OF CHANGES
<br />The Note Holder will mail or deliver to me a not"'e of any changes in the Full Mpnthly Amount and my monthly
<br />payment belilre the effective date pf any change, The notice w,lI ,"dude mfonllation required by law hI be given me and
<br />also the title and telephone number of a pelOion who WIll ansv.et any question I may have regarding the notice, "
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<br />B. CHARGES; LIENS
<br />Unifonll Covenant 4 ~)f tht: SCf.;Urll)' Instrument i~ .illlended 10 read as flllIows
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<br />4a Charges.; Liens. BOffil\\-er shaH pay aU h'X~S, Js~~;sm~n1s, and other \.-'harges. tines and impositions attributable !o the
<br />PropcJt.y which may attain ~l priority over this SCl.:uriry Instrum('{Il~ ami k'aschold payments or growIll rents1 if any. in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Bommer shaH promptly furnish to Lender al! notices of alllllunts due under tnis paragraph, and in the
<br />ev'em BOllOwer shall make pa)'ment directl)', Borrov.er shall promptly furnish to Lender receipts evidencing such paymems.
<br />Borrower sball promptly dis.;'harge any lien which has priority ,lVer this Security Instrument; provided, that Borrower shall
<br />l\(>t be required to disc'harge any sllch lien so long as Bom,wee (a) shall agree in writing to the payment of the obligation
<br />secured by such lien in a manner acceptable to Lender; (b) shail in good faith contest such lien by, or defend against
<br />enforcement of such lien in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the
<br />lien or f()(feiture of the Property or an) part thereof; or (e) shall secure from the holder of such lien an agreement in a form
<br />satisfactory to Lender subordinating such lien to this Security Instrument.
<br />
<br />If Lender determines th:at all or any part of the Propeny is subje~t to a lien which may attain a priority over this Security
<br />Instrument, Lender shall send Borrower notice idemifying such lien. Borrower shall satisfy such lien or take one or more
<br />of the actions set forth above within ten days of the giv'ing of notice.
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<br />C. NOTICE
<br />UnifOrm C<lVenant 14 "f the Security Instrument is amended to read as f"l!ows:
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<br />14. Notice. Except for any notice required under lIpplicable law to be given in another manuer. ta) an)' nOlice to BOtTOWer
<br />provided for ill tilts Security Instrument shall be given by delivering it or by mailing it by lirst dass mail addressed to
<br />Borrower at tbe Propeny Address or at such other address as Borrower may designate by notice to Lender as provided herein,
<br />and \h) any notlee to Lender shall be given by first dass mail to Lender's address stated herein or to such <lIher address as
<br />Lender may designate by notice to Borrower as provided herein, Any notice prov,ded for in this Se<:urity Instrument shal!
<br />be deemed to have been. given to Borrower or Lender when given in the manner designated herein.
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<br />D. UNl}'OJ\M MOlQ'GAGE; GOH:Jl,NING LAW; SEVERABILITY
<br />Ullif_ Covl:'_t 15 of the Securiry Instfllme.nl is amended to ",ad a.s follows:
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<br />15, U~"'~; (;..,vemlllC J..aw; Senrabillty. This fonnof Sc<:urity Instflllllent combines unifonnuwenallls 1(.r
<br />tlali<maJ tIS\t <nld _:unlfOflll c"vellilnl. with limited variatkms by jurisdiction 10 c'onstitute a "nifom. ,ccurHy ,n"rument
<br />C(l'\'air!ir...upropeny, ThiS Security Instrument shall be govt:mcd hy feder.l lav. and t.he la'" "f lhc Juns,l..:tion H' whirh
<br />the Prl~t1y i.~ lQC1J~d__ .In. tbe event that any p--rt)vision Of dau.~ or (hi:;, Seeunt) hV~H1iml,;'nt Pt" the ~\\te 1,:onHll.:h \\ jth
<br />~~~ taw-, ~l,tCh c.:Oil-ffi(;{ shaH !\fl{ aHe..:t !lthc.f prfJ\'-isinns of du~ St~(urity fll~U1Hnf..~m pt fhe N,HC ;.A.hi..:h i.'an bf.' grv~.;n
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