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<br />84,,- 004927
<br />ADJUSTABLE RATE RIDER
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<br />re':SAi)~~ST~LZ RAm RiDE:t iii ~ thi-;- 14 th...__ Guy vi
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<br />c.-..........-I..._....
<br />...n:........=UIUCL
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<br />...-. -t"lJ.
<br />,17~.
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<br />and is incol'JlOl'llted inloand shall be deemed 10 amend and supplement the Mortgage, Doed of Trmt, or Doed toSecdreDebt(the"Seeurity
<br />Instrwnent") ofthe same dale giVen by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note to .~,FEDEAi\t;,
<br />SAVINGS .. LOAN ASSOCIATION OF ORAND ISlANO, NEBRASKA (the..Lendet'')oftheSli.Dltdat.e~the'iN~
<br />and co.ering the prOperty described in lhe Security Instrument and 10000ted at:
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<br />R. R. #1, Phi lliQ2 , NE 68865
<br />(Property Address)
<br />The N_ co..... pro........ .... ferclnultles !II the I....... ....... ItlMlaIienst.rate
<br />flk-r=;;;, :bt-~~i- ~ p~ wBI'be~:,; If,'die ~'-i'tie'''~'-iIii
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<br />Bono_'s moodily ...,.... wtlllle """".
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<br />ADDITIONAL COVENANTS, In addilion to Ihe c<MtI8111 and agreements made In lheSecurirY bUlrumerit;~;..\f~_,;;
<br />further covenant and agr~ as foDows:
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<br />(D) meetl". Oak of <.,.......
<br />My new jm"""t rale wiU bel:ome effective on each Chall!!e Oate. I will pay the amount of my new lnOnth!ypayment ~ on the_
<br />monthly payment date aft..r ,he ('lumge Oate until the amoum of my mOllthly paynlem chanaes again.
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<br />A.INTERFStRATEANDIIIONTHLVPA\'MENT(;HANGES . ...... ...... ...... . >
<br />The Note provides for an initial interest rate of 12 'f.. Set:tion 4 of the NOIe pro\'!desfO!<.c:Ilange$.lntheiirtcln:st:~,
<br />monthly paymentB. as follows:
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<br />... lJVTEREST RA TE AND MONTHL Y FA YMENTCHANGES
<br />(A) CIIaate Data
<br />The Interest rateI will pay may change on the ~_ day or Noveml;ler;JlJ
<br />on 1I"'t day of the month C>''''Y ------R_ months thereafter, Each date on which ,::, w- . .ltate Ci>1lk!'*"na<;is calledJl f"
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<br />(II) ne l1Idu
<br />Ile8inning with the first O1a1l1le OlUe. my inter"'l rate will be bued on an "Index," The Index is the Mcldy averapyidd;m'l
<br />Treasury ~ritia adjU$ted (0 a COI\SWlt maturity of ____.DI:lfl..- years. as made available by the Fedl:'ralReaa'\<eJ3oent"~:.,
<br />~tlndt:X l'iguru.ailable as of 4$ days before each Change Date is called the "Current Illdex." . .... ... .....'.>
<br />(f the Index is no 10_ a.ailable, the Note Holder will choose a new ind"" which is based upon comparable infllfln&tioo. TIleNoUi~.:o
<br />will gi.e me r.<lIke of its choiClt,
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<br />fel CUolIIlIlIoB of <:IIuIaos
<br />Befor. each (.'llangc Oate. the Note Hold... will calculate my new int......t rate by addin& j' ",n .'Inri f"'nA..,hA 1 f \lIIfCllll....J!QiIIts...
<br />1_....2.....5..-__ "'t) to th. Current lade., and rounding to the nearest I 18'!'>, The sum will be my new interest rate, Theminill1um i~:rate:
<br />"n this loan will be no Ie>s lhan __ q ',"-__,"", ThelDlUimum in'er..t rale on this loan will be no DlorUban. It<<; ~,
<br />The Nol. Holder will ,!1m determine the amount of lhe monthly payment that woWdbe s"melonl 10 n:pay in full theprindpat:fam
<br />expeeled 10 """'" on the Cba.nge Oate in .ub>tantially equal payment.> by tbe maturity date at my new interest rate. The r",ult ofthis~
<br />..'ill be the new ...."'unl of my monthl~ p"ymctll.
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<br />(E) NoIlet of ~
<br />The Note Holder will mail or delIVer (0 me a notice before each Chant!" Dale, The notice will ad.ise me of;
<br />ei) tbe new int.....t ra~e on my loan as of tbe Cha.nge Date;
<br />Iii) ,he amount of my momhly pay_nt followill!!lbe Cluinge Date;
<br />iiii) any additional mailers which Ihe Note Hold.r i. required to disci"",; and
<br />(iv) ,he tille and tel<'phonc number of a peuon who will answer an~ que&lion I may ha.e regarding the nolice.
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<br />IL CHARGES; UENS
<br />Uniform C""..nant4 or tbe Security Instrument is amended 10 n:ad as rolio.....:
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<br />4. ~ l,~" 8Q!'!'!)~ s}\.aU ~y all ~. aJ.~~~nt&, ar~ other i:harjei, fino aild impositions atiriomabie IO me Propcny wbieh may
<br />attain a priority over this Security Instrument, and leasehold payments of ground renlS, if any. in the manner pro.ided under paragraph 2 herMf
<br />Of. if nO! paid in ,,,ch manner, by Borrow", maXin!l paymenl, when due. dinedy to the payee lh...eof. Borrower shall promptly furnish 10
<br />Lender all notices or amoullts due under litis paragraph. and in the ev",,1 Borrower shall make payment directly. Borrower shall promptiy
<br />furnish to Lender receipt. evidencing sum payments, Borrower .hall promptly dis.:harge any lien whkh has priority ,wer this Seclirity
<br />ltlStrument; however. Borw_ ,hall r.ot be fOQwred 10 dischar,e any such liw ;0 loll!! as Borrower: (a) shall agree in writill' to the pa_~ of
<br />the obIipIion secured try .neh lien in a IDaDMf acceptable to L.nder; (bJ .hall in good faith ('Onl..t such liw by, or defend against enforcement
<br />"f such I",n in, lep.I proceedinp wbich in ,be opinion of L..nder operate to prev.nllhe enforcement of lhe lien or forf.iture of the 'Property or
<br />any pan thereof; or ,<j shall ,"",ure from the holder of ,och lien an agreement in a r"rm ..t;.ract"r~ to tender subordinaling .util lien to Ihi.
<br />Sc<:u.rllY l!ISlrument.
<br />If ~ d:rtennina-t..hat .\t!l Of it'!'l} par! of the P!"ope-ty i5 subje-.;t iO it Hen whkh may attain i: f}.riOtlly over th.ii Security imtrutnent, Lender
<br />thall'li't"t: fIortowe.f 11 notkt.~ ident.ifyinj such htn. BorH)~'el sha.H Yltisfy such Hen or i-ak.e one Of mort': of the act~ons set forth above within ten
<br />d&~ of tllco givlIl, 1>, the IWllt.."
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<br />CNOTK:t;
<br />UlIif<>lm ClWllllUt I. oftbe Se<:urjty llatfllIl1oO:Dt ;. a_.1de;d 10 re1ld "' follow>:
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<br />14. ~~ ~ for .auy nmK:( f<<l"iroo! u.ti\i<< a-pplkabk Uiw to be givw tn anoti'ter manmn. ta! an)' nOH((" w fi:orrQ",cr p.ro\"tded for in ttu:'s
<br />So,':\,H'ir)1 J:NiIJ'utfl:t'Jil 'i.ball Mji\'-eD b-y deb...<<in, it m try tnaHint ~t by fir~t ~"rJlM m~l to BPnowc-l at tnt Pn}J:>CffY Addt,~ or at !;U'\:-h other addIes:~
<br />~ ~v:€~. ~f ~ii~~ p" !"~>iP-....y tu L~..1"1~ ~!': i>i',-:-~v-:<<.R-4 ~~Bg. ~f~d- (h) -aft}> ij-Gtj,.:r.- i...-... Lv.~.!J~i ;.;~~: t.o= ii~-.:::o h~.. r;-_:-~: da,;;; ;;...i! t,-~ !
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<br />addtU-f ~.t~d bf-1Cifi u-r to !iAl,ds iM'h("-f addrl':';U; i,\ l..et'Mk1 nl~Q' ~t.c- hy flOU..'~ t,,? ~-t.A !'!:.-~We! at',. pn}v~d~.J h~f'C':n -\n,y ,,~Jtk-t" pi''i''>.-.-dt--cl !,Yi
<br /> In thI$
<br />~-tifil) (.n.i,tfl.l:rucn; .,;r-"aU be ~ tt" h3\'t wn liven t.o 8<w-'nJftt~t m Lctwer wht'o jI;.\-.trl m the m,jliJmet d~~".I!n.a.tN h~(,,--ln
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