|
<br />8..?.:.....nn~Anl
<br />,J 'JVU';tv
<br />ADJUSTABLE RATE UDEll.
<br />
<br />'IlU$ AnJlJSTA1l1E MIE mmr is __ ddB 14th day ofOetober 1983 . ,.arid;;ilJ
<br />ilII:cltptated 1Dto ani s\wIl1be ~ to -.ct. lIIlll SQIlPl_ tbe M:Ittpge, Dl!led(\f:D;ust.o,r:DelIi!l~
<br />SlIl:ace DIbt (tba."Secur1ty ~") of. the.... data sf.-bythe ~(the ~~rtQ
<br />_ ~'8 Adjuetsbla ~ IIOtlil to CiJI:IIIleI:dal Fe:IInl. ~. _:tom ~.~(~
<br />"taler") of tba _ daCe (tile ~")a1d ~tIle ~deGiI:Iied 1J:H:bt 5ec:ud.lij:wau~
<br />a1d lDcatB;l at: . . . .... .... ... ... ...,
<br />4235 Calvin Drive; Grand Island, Nebraska.68801
<br />~ Addr8lr8)
<br />
<br />0060424-2
<br />
<br />TIll NOn CON'1'AINS PROVISIONS ALLOWING FOR. CHANCES IN TBlD1TEl:BSl'RAn
<br />EVERY 5 mARS. IF TIll I1'ITEJ/.EST RAT! INCREASES. TIlE BOlUlown..SHOHtBLY
<br />PAYMENTS WILL BE HIGliElt. IF THE IN'1'E1l.EST RAT! DECREASES, TIlE BORROWElt...S
<br />MONTHLY PAYMENTS WILL BE LOWER.
<br />
<br />AlJlI"l'IQW. aJII!NlNlS. In addition to tile COVl!IIlIDtS ani ~ 1BIe in t:haSeoJr1!:y~,
<br />~ a1d leI:1deI: furtber COUl!lJIIIlt. ani . agree as foUcwB:
<br />
<br />A. INTEREST RATE AND KOlmU.Y PAYHENI' CHANCES
<br />1ba lGta ~ for: at in1tial inter1IlIl: rata of!.:1. 37 :; %. Sect::1cn 4 of t:ha lbte pEOV1de for: c:hIaIes
<br />in tha mr-t ate at tba maathly~, as fiiIIiiii":
<br />
<br />"4. INTEREST RATE AND KOlmU.Y PAYKEN'l' CHANCES
<br />(A) Cbanae Datea
<br />'DB rate of ~ I w.Ul pay .., ~ on tba first day of December 1, 19"88 , ardon
<br />t!at day fMIr1 60th IICIIIth ~l:I!lr. Eld1 date aa Md.c:h 1I\Y rate of mtel'e81: eauld c:IIBqpI 18 C:ad1ede
<br />"aIqe 1lIta."
<br />
<br />(B) Tbe Index
<br />~ w1th tta tint a-.. 1lIta. .., 1ntlme8l: rate w.Ul be bued on mIDiel:. 1ba "IndeI:" 18
<br />m. .,.;dy ..... yield OIl Ihltad StatBS ~ llIlCUritt. adjlated to a <XIIBta1t ..adI::y of 5
<br />,..n. - -- lIVII1lable by tha !lIrderal. BIilIlIne llDml. 1ba __ naatlyavaI.1.lIblB !iIdB f1aunt 88 of
<br />tile date 45 dayB beforlI -=II a.. 1lIta ia called tile "0Il:re0t lIxls."
<br />
<br />If the IDdsK 1a ml lGIWIt ..uah1a, the lbte Iblder w.Ul cIzxlse a ~ inielt >iW:h 18 bBIIe.i upon
<br />~"l. i"~,,., 1ba lbte lb1der w.Ul giw _ IlOt1ce of ddB cloke.
<br />
<br />(C) CalculatioD of Cbaopa
<br />Wom -=II a-. llaCII, the lbte Ib1der w.Ul c.a1a.WIte 'lltf _ rata of ~ by ~1 .900
<br />I"~ ......... pa1IIta (1. 900 %) to tha QEnat lIxls. 1ba _ w.Ul be rI1f'" intInst rate tat1l the n.t
<br />a-. IIIta. -
<br />
<br />'1be IbtIl 8WIIIr w1U tt.l _.... tta aunc of tta mmthly ta,.at t!at lillUld be suff1dml: to
<br />repay tile t:IIpIJd pdDc:1pal lalm:e of .., :tom I _ e:Ip!lCted to <-. CD tile 0:lIqJa !late in full on tbll
<br />.nrlty date at .., _ rata of 1nterelIt in .~H.lly ecpal~. 1ba ~t of th1a
<br />,..l<:"lAtl.cia w.Ul be tile _ ~ of .., ad:hly ~.
<br />
<br />(D) Effective Date of Chal1&ea
<br />~ .., rata of ~ w.Ul t.xBe effective on -=h a-. Date. I w.Ul taY the _ ~ of
<br />.., la'lllChl1 ~ ech .uh ~ CD tta f1nt lDlthl.y ta,..u: date aftllr tile a-. Date I<il
<br />1m -.It of ., .-bly ..,.. ct..- apin.
<br />
<br />(X) Notice of Chanaea
<br />1be tbta Blllda- w.Ul .u Ol" del1'1l1!1!1." to ,. a natice of lII:t!f cbKIgIs in tbll 8DlDt of UI!f mmthly
<br />~ before tile effect.i... date of ." cn... n. mlW:e wtll 1Dclur:Ie fllf.......ti-.. required by law
<br />to be Si- _ a1d &lm tbt title a1d t.elePua IUIbK of a penIOl1 toto wUl __ cy ~tian I ..,
<br />'-~the~."
<br />
<br />
<br />8. CBAlGItS. LIENS
<br />
<br />~ ~ 4 of tbt 5Iacity ~ 1a -.led to ~ .. ~:
<br />
<br />4. <::IWQS. IJl\'NS. ax- shall taY all ~, " '., aad other c!wIzpa, fims _ ialporsitiDaa
<br />ctriIMtabla to tile PlqJIrty.aidl laY attain a priortty .,.. this Security ~, _ 1easelDld
<br />....,..ca Ol" p:'ClUIlIl naa, it.", in tba _ prorided IDler p&nIIDIIlb 2 '-f ot, it not pdd in
<br />8UCb _. by ~ II&IdJlI ~, lobe due, directly to the IB>- tbenof. lbmM!r: shall
<br />~y fuad.Ib to lArIdK all nat1aI& of ~ due IDler t:h1s ~, aad in t:ha l!Y8Ilt l!oI:rcIlilIr
<br />Iba1l ... ~ d:lr8et:1y~ ~ ..-.n. ~~,,~4~y fi..!r"-!!b ~ ~ r--"~" erI~ =a::h.
<br />~ ~ II\laU pI:Q&ptly d1adIu:aa my 11m >iW:h baI ;dorlty ~ tbll Secur:ity Inst'rUBlt
<br />........JoW, thit l!o..~_ Dll not be ~ to cii.s:imp my such lim so lalg as liomlwar. <a) shall
<br />.. in lC1~ to tbt ~ of tile M1iIP'~i-.. -=urad by su::h 11m in a ____ acceptable to
<br />IaldIIIr. . (It) lIball. in aaocI faitl1 COIIl:eIIt su::h 11m by, or defsld Ilp1IlBC eafoa:sB1t of such 11m in,
<br />1..-1 ~... liIddl in tbt opinjQD of ~ os-ate to ~ tile eafOR3B1t of the 11m or
<br />flodII.tur.'lt of tba ~ Ol" ." put tlenof. or (c:.) aball -=ure frca tile hDldiIr of such llen m
<br />..- Ja a mm 8at1af.actoIy to tcDiII: ~ suc:.h l1m to th1a Seorlty ~.
<br />
<br />Jf IaldIIIr ~- tbet all ot ." pet of the Prqlerty 18 subject to a 11m ~ JaY attain a
<br />~ __ s.c..r:ity ~, IaldIIIr lIball __ __ not:I.c:.e idmt:lfy:lqr; su::h llaa. Ilom:lwar
<br />lIbaU ~ MIl::h lJa ot tIIIIa oaa or __ of tbt aca- _t forth aIlcMl wl.thtn ten . of tbt
<br />~ of IlIlIdcao
<br />
<br />C. aorIa
<br />
<br />. . tIaiI.fIaI.a ~ 14 of tbt 9lIcaa1.ty ~ ia ~ to we .. ~,
<br />
<br />l!.. ~. ~ = =::; .......~ :=;ut.-=:l.~ ~'4-'o.'1_ J..aw to b; g1v= in ~"-=r ~... (a) =::J
<br />... c.. lIIIim:Mr ~ fa: in tta Samdty Illat:n-.t shall be g1'tIIII. by deli"'lrin& it or by
<br />~ it '" fiftt. ~ ..u ~ to ~ at tbt Propcty Mdreea ot at such add:r-. aa
<br />,;> --.......... by not:I.c:.e to 1alda".. ~ lwr1IiA, mi (1)) cy nodce to 1alda" 8bal.l. be
<br />
<br />AA1OSTAJL& IAn Unu. 5 YUl TllEASUltY INlJ&X - l-4 ra.U)" (No ('4\>) Modifhd 5/83
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