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<br />84......... " 002446
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<br />ADJUSTABI!.ERA:TERIDER
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<br />nr!S,~.nJtls:rftc8lFRATh'RfPERi.madellli._ 2nd dayof May ,19~.
<br />llI\Cn.,~'iiuoanif!iullbeclOOiliedl<> lIIIiOIIdal1chuJlllltnienI the MortPae.Deed of Trust, or Deed.t<> secureDebl (lhe'''Sei:Ilrily
<br />~ryoflbiO_dafeliYdll!Ylbeui'iclersitlllO Itbe"BOrr_") tosecute Borrower's AdjuslableRateNotet<> 'H",' FEDEQL
<br />...._'..'UJ/itIf::ASIOCOI.TlON.OF.GRA~.lSt.AMD, MEIIRASKA (lhe'<LeI1dflt") oflhofSltIJ\e dale(the."N~")
<br />atid~.lbe propertydellc:ribftlin ~beSecurity Il'IIlrument and I_~edat'
<br />
<br />4222 Sprir\gView Drive. Grand Island,NE 68801
<br />(PropertY Address)
<br />n.Note COlI..... ~ aIIowltItf...........bJ '_~nte; 'lftlle ~..te
<br />1_; .............. ~...~wIlI_lllper; If llleilo_ _.--. tile
<br />~'___IIII~_"'Iower.
<br />
<br />ADDITIONAL COVENAh"TS. in addition to the cv___-enant and ~U; made i.~ the Security !nstru.rnent. ~and ~-
<br />further oo-.mt and __ as follows:
<br />
<br />A.. IN1'IlRES1'1I.ATE AND MONTHLY PAYMENT CHANGIlS
<br />l1leNot.. prOYidOsforan inltlal interest rate of .-1l '1., Section 4 of the Note prOvides for chantesin the in~erestrate.andlbe .
<br />
<br />montliIypaymen",. as foll_s:
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<br />4, IIVTEREST RA TE AND MONTHL Y FA YMENT CHANGES
<br />
<br />W~~ a
<br />'Them_.ratel will pay mayc!lan8eon the 1 ~f' day or Ju 1y 19~, and
<br />on that day of the mon~h C\'ef)' 12 montlls thereafter, Each date on which my interestrate wold chanaeis called a "CltanJe Dale,"
<br />
<br />~ n..-
<br />!IeIiJminI. with the rlnt Ch_ Date. my interest rate will be based on an U Index," The Index is the weeldy av..... yield on United States
<br />TlUIUI'Y oewritie:s adjwted to a constant maturity of one years, as made available by lhe Federal Reserve BoanI. The most
<br />recent Index r"uuavaiUmlu. of 45 days before~ Chanae Date is <:ailed the "Cur=. Index,"
<br />If the Index is no 1_ available, the Note Hokler wiU choose a new index which is based upon comparable information. The Note Holder
<br />will';"" _Ilolic:c ofits choice,
<br />
<br />
<br />fCl C..........,c-...
<br />Before ~Chanae Jlate. theNote Holder wili calculate Ill)' new interest rate by addina two and 0 nl'- ha 1f __.poln"'-
<br />( 2~ ~Ho the Cunml Index, and rouncll~ to the nearest 1f8~, The.um wili ... my _inl...,.t rate, The minimum interestrate
<br />on w. loan will he no !as than 9~ ~, The muitnum .int....t rate on this 10< will be no more than ] 4J, 'It,
<br />The-NOleHo/dor'--wili then..det<<mit>< tlie_nt of the monthI'i paym<:1lt that wo-.Iltl be suffIcient to repay in full tho prittcipall am
<br />~to owe on the CbatlIe llate in sulmantlally equal pa_lSby the maturity dale a' my new interest rate, The result Of this Q)cuialion
<br />willbetbe__ of my monthly pa_,
<br />
<br />fP,l f!.fhclM'-'" c-...
<br />My _ intereItrate will ~ effective on each <.,..".. Date. I wiU pay the anwum of my new mOnthly payment beJinni~OIltlw first
<br />lIlOIlthIY_t dateafler theClta>>ae Jlate lInliI the amount of my monthly paymenl Challl" apin,
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<br />fE) NeIliDe'" c-...
<br />The Nole.HoIder will mail or dell_to me a noti<:e before each ChaD&e Dat.. The Ilolic:c wiD advise me of:
<br />(i) the _.",-.rate on my loan.. of the ~ Date;
<br />(ii) the_ of Ill)' lttOltthIy I'*,ment followina tbe Chanae Dale;
<br />fill) any addIIioMI_ which the Nole Holder iI reqWrc:d to di$cl_; and
<br />(Iv) the \iliUM tekpbooe _ba: of a person who will answer any question I may have reprdl",the notice:,
<br />
<br />II. ~UENS
<br />U__Co--'4 of theSecuriry ltIstrwnont is lUtlOI1ded to read as rollow>:
<br />
<br />4... ~ ......"ll<lrrt>Mt "hallpay allraxes, _IS, and other char.... fines and impositions attributable to thePropmy wItich ....y
<br />iIU!WlllJll'iodq_thi$Sieo;ur1ty 1-. an4""""""'idpa_ of around.rent!, if any, in the manner provided unt!erpar...apb 21tereof
<br /><it. if 1tQj.pWi. in....,n _, by iitxr__ ........ payment, wilen due, tiite<tlYIO the payee thereof, Borrower sbail prompd)' furnisb to
<br />,~allltOti!oea.of_.dUll ........this parlllfllPl>. and in the........ Borr__ "hall DIlIke paymentdirtcrly, Borrower shalJ promptly
<br />~/O. ~ n!Otlipll ~ such paymetll$. Borrow..- shalJ promptly di~ any lien which has priority over.this Sewnty
<br />~,~, ar.rr- shalJ _ be required to discIwp lIIty .lId> lien so loni as Borrower: Ill) .hatl..... in writin& ~o the paymeQ~ of
<br />1Illt~~l!3'llli:lt Ilenlna_lI<<lepClIbIe~o le!\der: (b) sbalI in aood faith COOlest .uch lien by, or defend """"1 enforcement
<br />~~_~1jI;_~,,~ lnlhe~of.lQdcr _....10 pr""en~ the eororcemer>t of the lien or forJoitlll'e of tbe'Ftl)pertY or
<br />- - Ol(~shalJ~from lheboWor of sod> lien an~tin a form SlItisfactory to Lender .ubordinatina SIl<1h lien to this
<br />
<br />'-~.9' lI!lYP8<t oflhe Property ill ~tj) a lien which DIllY auain a pr1orityo....thh SecuritY lnouwnenl. lender
<br />_.-~.ldli!Itir:,m,such Ilea. ~ sbalI satilfpuclt lien or take one or more oJ the a<Uoos set rorth .bove wilhin len
<br />.qftlle.~,
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<br />~,~
<br />~.~hll!...~~l.If;!,*__'~isllltlllittde!tlo~" follnt:
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<br />M.:f1~A,~~~~"''''~~,la''' u>1Ic~b:l-'tct _. ia)~.IIolke.1O Bo"ower provided rOl.\n tbi.
<br />~~~,"~\!)'~'-orby"',lIbyfltM"-nIOar.rr-,", thePf~ Addtelllor 1l.ucIl other add1ess
<br />. .~~~iIII\!!t:~~IO ~...~....l!I'lt OO~QQI""'.IoUnder oball be liv.., by fitst duo mail to Lender',
<br />.....~~or..~'~--.UMltmu:~by1lQljl1O ", Borr..........\lfl>V1<Ied Mmn, Any nOtiCe provided for in thl.
<br />~~'~"'~Ili"lsiell.~IO~or ~."........jn""'_"ianalOllhete!n,
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