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<br />R~-~
<br />;84- 005273
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<br />ADJUSTABLE RATE RIDER
<br />
<br />84- 001814
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<br />r,- 'nns,o:J).VJSTABLERATE.RIDI!Rlsmadethis 2nd dllyof . . Apri I '.. . '. .'. . .,19S{,
<br />and i$lncotpOtaIed. intoandsball be deemed to lImend and supplement tile Mortgage, DeedofTtust, or Deed to SecureDebt.(the"Sepltil.y
<br />11IStnltIICftt'') of tile samed!!tegiven!>y t!leunderslgned ('''.''Bor_'') ttlSllctlre llorrower'sAdjul~Rlilc NOleto 'KOiIo"l.~
<br />SAVINGS a t.OANAS$OCIATlON OFGRANO~i NEBRASKA (the"Lender'')ofthesamedate(~.<Ni;iIe.'')'
<br />and covering the property described in the Security Instrument and located at:
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<br />RR #1, Box 207A, Cairo, Nebraska 688.24
<br />(Property Address)
<br />l'Ioe Note eoalllias proflslou llIIowbtt! for' dlupsl..... Iatenst nIe. If tile. IJIRmt,!'!!!!i'
<br />~. tile IJorrow<<'s __,.,.... rilbehlllfler.ltUle~ ratedftrWel,tIie
<br />Bomnrer'slllODlJlly ~ riI belo1m'.
<br />
<br />ADDITIONAL COVENANTS, In addition to the covenant and agreements made in the SecurityInSttumeDt;~'~;T~)i
<br />further covenant lWd agree lIS follows:
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<br />A. INTEREST RAD AND MONTHLY PAYMENT CHANGES
<br />The Note pl'OYides for an initialinta'eSt rate of I I "", Section 4 of the Note provides for ebanatisirnb.e,~~t.
<br />montb!ypaymeDts, as follows: ' . .
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<br />-'-<~
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<br />4. [mEREST RA TEAND MONTHLY PA YMENTCHANGES
<br />(A) CUaae 0lItes
<br />The interest rate I will pay may change on the I st day of Ju ns .11
<br />on that day of the month every I 2 months thereafter. Each date on which my intCIUI ralecould clW:rae is CllIkd'. .
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<br />(8) TIle IIIda
<br />Beginning with the first Olan&e DAte, my inteR31 -ate wi!11}e baa!..' . '" an "lnda," The Index is the weeldy averapyieldOll Utlit!l4$tate1-".
<br />Treasury securities adjusttd to a constant maturity of one years, as made available by the Federal RC$GVC &.nI..ne.~,'
<br />recent lndex r18UJ'Cavailablusof4~ days before each ChaJ1Be Dateiscallcd the "CurreotIndex." ... ..,......
<br />If the Index is DO longer available. the Note Holder will choose a new ir.:Ic:x which is based upon COt1pftrable informatiOll. TIle Noltl fl.,'
<br />will Jive me notice of its choice,
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<br />-; - -~ >-:,- -.
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<br />-".<;;
<br />,'. ~~'~,
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<br />(C) CIIaIIatioa of CIIMps
<br />iici'oreca<:hCilange Date, tile Note Hoider will cak:uIate my newin_rate by addiq TWO and one-hai f ~pgiIm
<br />( 2.5 "") to the Current Index, and rnundin& to the nearest 1/8"", The sum will be my new interest rate, The minimUlltintereat rate
<br />on this 1000n will be DO less than 9 , 5 .,.. The maximum interesl rate on this loan will be no more than I 4 I} ....
<br />The Note Holder will then dctennine the amount of the monthly payment that woukl be sufficient to fC\lllY in full the pdadpath..-
<br />expected to owe on the ChaIlae Date in substantially equal payments by the maturity date "I my _ i!!_ l'lL'C. The re:ll!t of t!:h~. '
<br />will be the new amount of my monthly payment.
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<br />(0) Effeetm Dace of CIwlaes
<br />My new interest rate will become effective On each Chana<: Date, I will pay tbe amount of my new monthly payment be&inning on the t'lnl
<br />munthly po;ymeni date after the Change Date until the amount of my monthly payment changes again,
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<br />(E) Notice of CIwlaes
<br />The Note Holder will mail or deliver to me a DOtice before each Change Date, The nolice will advise me of:
<br />(i) the new interest rate on my loan as or the Change Date;
<br />(Ii) the amount of my monthly paymenl followina the Change Date;
<br />llii) any addilional matter. which the NOle Holder is required to disclose; and
<br />(iv) the Iitle and telephone number of a person who will answer any question I may have leprdina the notice,
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<br />lL CHARGES; UENS
<br />Unifono Covenant 4 of the Security Instrument is amendtd to read as follows:
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<br />.. CIIlqa; u..s. Borrower shall pay all taxes, asses&meI1LS, and other charges, fines and impositions attributable to the Property which may
<br />.1Iltain 1\ priority 0''Cf this Security Instrument. and leasehold paymenLS of ground rents. if any, in the manner provided under paragraph Z hereof
<br />-=. if net ~ in sucll <<wife s bJi Dorrower makin& payment, wnen due. directly to the payee thcreof_ Borro\l!e!' ~n promptly fu..rn!sh to
<br />Lender all notices of amountli due under this paragraph. and in the event Borrower shall make payment directly, Bon-ower shall Pfdmpdy
<br />f\unisb to ~ r.oc;cipts evidencing such payments, Borlower .hall promptly discharge any lien which has priority ovel this Security
<br />~; however, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in wriling to the pa)'lilellt of
<br />the obIiptio1l SC!:UtCd by such lien in a IJllIIU1U acceptable to lender: (bl shall in good faith conlesl such lien by, 01 defend against enfO!:cement
<br />of such lien in.1cpI proceedinss which in the opinion of lender operale to prevent the enforcement of the lien or rorfeilure of the 'Property or
<br />'Illy part thereof; or (e) shall secure from the holder of sueb lien an agreement in a form satisfactory to lender subordinatina such lien to this
<br />Security 1IlSttIolnetU,
<br />If L~ ~ that all 01 any pari of the Ptoperty ;. .ubject to a lien which may aUaln a priorilY over this Security Instrumenl, lender
<br />st!aII Jive Borrower 1\ notice idenrifyina such lien. Borrower shall >8ti.fy such l.ieu or lake oDe or more of the aClions .et fOlth above within ,en
<br />days of tbe Jiving of the notice.
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<br />('- NOTIQ;
<br />Uniform Coven&Jlt 14 of tbe Sealrity Instrument is amended to read as followo.:
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<br />14. Notlce. ~ for any notice required under applicable law to be JI"en in another manner, la) any noti"" to Bc.'!'ro".r prOVIded fOI ;nlhi.
<br />Security IllSlrument .ha11 be Jiven by delh'erlf\l. il or by rnailina il by filSl cl.... r,,"lto Borrower "I the PtoPC:lty Al1dr... or at such oth.r audr..,
<br />u Borrower RIAl' dcsianaIe by notice to Lender a. provided her..". and (b).aIl> "ot",. to L<l'Id<:< shall be IVvon h filSt d..., mail to Lenders
<br />address stated: betcin Of to ,"uch or-bet addreu as Lender may ~1liitl: by- noti(;t to Bonower & p-ttWldt'd nerctn_ Any nuH\,.'-C pro' lJcd f~'l' th rtu:t
<br />*,-ur)1)'lmt.fYmelt JbaU be: ~ w navt: been aiVCfi to -Borrower Of L<<:fld~! when ~jven Ul the !tanner U<,-ugfi3llh.t lwfdn.
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