|
<br />r-
<br />
<br />nA
<br />O'f - IHl!;R~!;
<br />- -""" ...,...-",..,
<br />
<br />AD.JUSTABLE RATE RIDER
<br />
<br />r
<br />I
<br />
<br />THrsAD.!USTABLER."TERIDER..""'~tlm__-.2JX!:Ldayol _ Oc~ober ,19~,
<br />and i. i~ in,o and .ball be ~ '0 amend a.'ld suppI=<:n"be Mortpge, Deed or Trust, or Deed 10 ~ Debt (tb" ''SeI:uri1Y
<br />I...trument", of the same dat&given by the undersigned (Ibe "Borrower") 10 secure Borrower'. AdjlMable tl.a1e Note to HOliEci'Ei"lEilAL
<br />SAVlfIlQS & LOAN ASSOCiATION OF G~n ISlAND, NEBRASKA (Ihe "L<md...")oftb"samedate(lb~"Note")
<br />
<br />;;nd c~~..g tb: ~t). ~bed it'! the Se-.:u.-i!}' !nstr".nne..~! ~nd ~ed a!:
<br />
<br />^,n> n,,~; '~"h, Ooniphan. Nebraska 58832
<br />(Propeny Address)
<br />
<br />Tk N_ .....taIM provisloas .u..wiIIg for <__ hi l!Ie ~I nIL If l!Ie Iatenst rak
<br />1-. lite Bofflnrft'.. mHlIlIy __ wllllle....... If l!Ie iIt_rak~ IB
<br />_'s~""y_llwiltlle~.
<br />
<br />
<br />ADDITIONAL COVENAI><'TS, In addltion '0 lbe co~t and &gre<ments made in the Security ll!&tl'ument.
<br />further rovenanl and _eo as follow,:
<br />
<br />A. IN'TEREU RATE ..\1''D MONTHLY PA'i:'ML"T CHA,~
<br />'f):u, NUl. pTo,ides lor an initial interen rat< of _l.~_.__ '10, Section 4 01 lbe Note prtl\'id<:!$ forcbangos in
<br />montbly parm.nlS. as follow,;
<br />
<br />4. ;:....TERE:ST RA rE: AND MO,'THL)' PA YMt.:YT CHAVCES
<br />
<br />iN CInI"pDales. ;'. _. . ........; .......
<br />The inl""'" Tale I ",ill pay may change on 'he_.-.i st __ day of lJecemtJer 19~, -'.
<br />on that day o(the month ('Vtry _~__ month< thereafter, Eacb da'e on which my int<teSt rale could clllInac is <:aBed . ..~t:la&e\;..
<br />
<br />iHl lllo 1_
<br />Beg!Mlng ""th tbe fl'" C!ulngt Date. my In,....t ra.e...iU be based on "" "lndel!." The lndel! is the _tly av......)'ldd OO111rm.t.StateI
<br />1"r-..o' """"tit'> .ujnstcd to . "".u<ant matUrity of ._._._~_ )-.ars. as made avallable by the FedeR! R-.eBoud.'I'M tIIllIIi
<br />r..xnt Index f,gur< avallable..., or 45 day' bef",. each Cb&nge Date is <Ilkd lbe "CutTetttlttde:t,"
<br />Ir ,he Inde." no longer ."&llable. the ""-'Ie Holder will d,O<>Se a new ,Ilde> wbkh" based upon .-omparable infOt't1tlltion. 'Ole NoIeHolder
<br />""lH alive me: t\Ul.k'T of H!< c~c.
<br />
<br />in c-........ of (~
<br />!lei"" each (~ Oote, the So<e HoIdeT ",Iii ca!culaI< my _ In,....t rate by addlng _~ and orn;-ha1 f pm:elItqepOlllts
<br />~__:~_~,____~) to W Cwr~( l~..oo tn-u~ tnlN: ndlfat tfS"'. Tnewm will btmy ncwiotcl"C'$t tate. t'hem:inimuminta:1eStrate
<br />Of' tiu. k>an .,U be no .... tban ___._:!--,~_________"', The m.nunum .nt..... rate on t'"' Io&n will be no more Ihan 14 .5 "
<br />~ N.~r~ H4~ ~--iy i~ ~~~!~ ~-he !L~..Y'H ~~f .~ ~hfy ~y~ 'thai would be sufficient to repay i.n full the princ:iJJal J tam
<br />C'o\~"1.~ tU ow~ on the \.nan~ Date tn s.umtantiall)"' equal paymtfiU by {he' rf'A!unty date' at my new interest rate. The RSUlt of this cak:uIaIioD
<br />will be lhc- ~ amount 01 .!11" montiU}: PB-~"meru.
<br />
<br />IDl EffKtl~ l-. of l~
<br />M~ ~ Imereu r&l-e wlil become cHKti\'(' on C"&dl ('battlc D~uc < 1 will pal t.he amount of my new monthly payment bqimJina on the- first
<br />monthlY pll."vmern d~tC' atttt the t nan,t iJalt umH the- .a:mO-Uflf of my month.t)< paymr:.nt dwljU again.
<br />
<br />~~ N~~(~
<br />Th~ Nett Hokicr W1U rruul ot dd:1""C'f TO m~ <! notN.~ hetD<< Cl\."b Chang-t !late, fht 1\t'M:.ice will adyt~ me-of:
<br />ijJ lnc.~' mtt're;tulconml kmJl,b Qi thc-t.'hAn~Datc;
<br />{~t) {~~)utH 1.." m,. monthh-- ~}"'tIlC:nt tollowm, the Ch~ Date;
<br />(HI) ;in) addJUOIUU mauers wl'nch LM NOlt Hokirf 15 required to di.scio1e;.and
<br />\1-') tht-utlt and t~ uumba" Of ill pttKofl Wrxl WIll aMWft any question j may!\averqardinatnenotice.
<br />
<br />Il. (, -sAlltiL'" La:."'<1>
<br />t;ntt~orm C~t" ~)f the ~'urn) Instrument!s amendtd to read <is follows:
<br />
<br />... (~;~. 3oi:t)~ ;4"J&tl t.-'i;j:r.ii i...,,-b. ..~iUi:llU. and Oi:nef dl.i.riCS. fii'~ iiJ1d lm~lJOfb altributabie to the Pro}.le'1y which m&f
<br />sttaUl&ll"IOI'lty"'... ,!us s..:umy IlUUutIlml. and leJUd>oid parma... 01 ground rents, ii any, In tbe m&ni1CT ll"oVllied under parqraph 2 henof
<br />cr, It- nUt r4fd. in sudl: manner. b)' Borr-owft ma.lini pitymcnt. ~-tlcn d.ue. dirfi.'"tly to th~ payee !htteof, Borro~ :lhall promptly fW'nish to
<br />L.eoder ail oolK:c:s (~[ AiTM.Xiiiti d\.it u...-"lder thu paragn.rm, &..1\0 it) :he event .Bo.JffOwt'f _'\hali malt p&}'1Iwm directly. Borrower shall promptly
<br />fumu.b h_" l.tndef TC\."'etpt.1 <-'IItdcnc..'Ul' l..ucb pa)"nlem:\ Borro-..-er \haU prJ",lmptiy di~~r8c- any hen which has priofu1 ()V~ this Security
<br />1....-; _er, l\Qrrower shall"", be TeQwrou \0 d~ am 'uctJ hen so Willi as llorrowcr: tal ,halll\8f<'e m wnlm. '0 lbe pa)'mOllt 01
<br />,he ollllptIOD:m:um;l bY....-I1 lien in a <tlllrlMr """"",able ", Lender; lb. .hal' iT! good l31th con'..' .neh hen by, or defend &gamS! enfon:cment
<br />\}i $UCh bea Ill. iepJ pr~ ..iUcb in tM \JP'lnK~ of Lender o'txnuf' to Pfe\'C'flt the tnfof,,--e.tnm.l of ita hen or forfeiture ttf th'l.Pro-peny or
<br />imy part tiHftof~ Of ((1 \hall ~ur-e fnlm 1M boidler of sucllli<'.u an ...grttmtl'H tr. a form $au\fwOO' h."l Lt-ndcr ~uh\t<<hnauna. !i.uch tie-n lO this
<br />Serurily l....flIII>OII<
<br />if l.c::.n<kt ~inel dUll aU OJ an\' 0lU't of tht- Pr~~' ::., :'lublt\~( ,ti i. htft "",.tl!~'h mll)~ ana~n a pnont~. m-tr this SecunlY ins.uument. ~..endcr
<br />~ at~ ~ a non<<: Mkrut-hin. \l.K'fl bc:n, oorn"w('f 'l:.haU '\.au~f.... -;;u...'h i~n Of uke on< ilf 11)()fC {)f Ill<' a..:tiOI\.~ '-('[ fonh aoove wliilio ten
<br />d.liS i\.}f the- "viAe "d tbe- not~
<br />
<br />L
<br />
<br />C ,"OT'K'-':
<br />\JnU(lIfm{,'Q'4--.tfbYM ~4 of Uk~"Unt'f In!iuumeu u__ amfil.r;ted fO rftd as ioHows:
<br />
<br />.4, ,~, h~ fl:)f ~~. nOh,"C' f~n:d under a-t'Plteabk la"fl: w tit!' (tl\"t"n In moth('f mannel. lal <i'0)' tmH;,,'t' In tkl-no~'l"'r t'H'(Wl\:It;j fur In thIS
<br />~~, t....funwn-t WBbt 8J-~eft tor tkb~'na H {!f t!-\' ff'.-A!hn, H h~ hnl \:lu~ mi!~! wl}()!!"(nl'n- at th~ Pn"f'C'n\ Addfn~\\~ .~! ~u"..h mher .llddr~"
<br />;lii !k>tf't1'W~ ft'+a'}' ~. t~ t}\'JU.-..'t 10 L-.t!bdff." Pf(~lQed be1on. and {p, tUHf n..,H..":(' in Lrn-Ufl ..."....U be ~l'i:f.-n h;. b,i ,_'la~\ I'm:ul i1~ L<,nd-e-r ';..
<br />.~~ \-HUtd ~,,.~ (.)( t;l) ~~.:;h (ltb<< Jddrn1 at teu-tlft m..v ~tt' t<.. >\{Jt.!,/t W &'H'n,~ a.. NL"":ljj<<i hc-r(ifi ..\.0\' I'h'>lk'{" f'n~'(ldt:",J tp! 10 ;h\',-
<br />"<e.~lNH''i if~nmW':~ ~hAU ~'* i~ t,p 1\4vt !~ ~'\lO'" H) [tQ.rrOWfl- O~ i .!;'nQm ""11-("!1l1\'"t'!1 ,ht rnann~ ij~."H~nIU~j h.tn:'Jj1
<br />
|