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<br />005713
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<br />ADJUSTABLEP-ATE RIDER
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<br />THlSADJUSTABLERATERlDERismadethis :.'9th day of Ortnher ,!9All",
<br />!1Dd i. incorporalel! into and shall be doomed' lOansendand supplement the Mortgage, Deed ofTrust,or Dcldlo Sec:nteDebt(lil..''SIIciltity
<br />instrtnnel1t''} of tile sam,,,lateghlen by the untlersigDed(tI\e.,Borrower"} to secure Borrow..'. Adjustable.Rate Noleta . .lft>>IEjr~,
<br />jiAvlNQS &. LOAN ASSOCIATION OF tlAAND ~-HD, HEAP.ASI"..A (t..",H~')ofthe_$le~"Nj)t.,'\) .
<br />and covmng the property described in the Security Instrument and located at:
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<br />ADDITIONAl COVENANTS. in addition trJ the oovenant and ~ maclc in the Security I~.~~"l'~~'
<br />further covenant and agree as folkn>..,
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<br />4COl Mason Avenue, Grand Island. Nebraska
<br />(Property Address)
<br />~ N~ w..___ lriv';~ ~ -IW eiuItIJCes ia:Uie 1IIlaest'--.....: If-"'-'tideftst-.
<br />'- die 1ItJrrowft". molIlIIIy ~ wlIll>e JdPer. Iftlliottl__HlIle~lloe
<br />~....-IIly paymc!lltswilll>e lower,
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<br />68801
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<br />A. INTEIIEliTRATE Al'iD MONTHLY PA VMENT CHANGES
<br />The Note provides for an iniriai interest rate of '1 S ~,
<br />monthl-j payment.. as follows:
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<br />--, -'o'--<~;::'?-:
<br />Section 4 of the NO'.e pro~ for ~in"~~~;:'
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<br />4. INTEREST RA TE AND MOIVTHL Y PA YME1'T ClM,NGES
<br />(A) CIwItIe Dales
<br />Theinte..:stratel",illpaymaych~onth. 1st day of December .' '. 19'5S.,aucf."
<br />on Itw day of the month every 12 _ months tIlenafter. Eadl date on which my intmlSt rale oould clumIleis <:ailed a...~~.., .. .
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<br />Ill) 1lIo_
<br />Beginning with EM Hut Chanae Date.. my inr~est rate will be based. on an .. Index. ,. 'fhe.lndex is the ~y !lve!i'-:e-yidd'cn- U=it:d_ stw~-',
<br />Treasury .....ritie$ adju>ttd 10 a COOUtalU IDlUurlty of one years. as made ayaiIahle by the Federal ~ IloIlrcLTbil.JIIIlOt
<br />recent 1_ figure "''tIlable lIS of 45 day> bt-for. eacb (,'banJe Dale i. caIIcd the "Currmt Index,"
<br />I f the Inti.. is llQ lonaer availabl.. the Nor. Holder wm clloose a new indeJI ..mob is based upon comparable lnformalion. The NoreHoldca7
<br />will gi'\.'e me notla of its cbOice.
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<br />lel ~ofa.a.-
<br />Before _h Ch~ Oate, the Not. Holder ",11] calculate my new 1m_I ral. by addina _Jwo and one-Mal f percelllqepoiJQ
<br />1-_1. ,:, _.<it, 10 lhe Current 1ntl6, and round.... 10 the nelItat 1/8". The sum will be my..... interest rate. Th.lPinimutIlin__
<br />on litis I~ wiU bt- no less Ihan S , 5 _'~. The maximum interest rate 00 this loan will be no lIlOl'C than 15 "".
<br />The Note Holder ,.,U then <let""""'" me amount of the _hly payment that would be sufficient to repay in full theprim:ipal I am
<br />expected 10 "".. on lhe Change Dale in subst...,....ully <qual paymenu by the m81urity da~. at my new interest rat., The result of tbis caIcIIIatitm
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<br />11.'!.!~ ~ !.h<e ~ ~=t 0-:" ~j--r.;:v;-.-.:.t';:;. j:-il_;tiHQll.
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<br />fP~ ~~of(~
<br />My new ioteresl ral. ..iU b<<ome effealv. on ....-b ChantIC Date, I will pay lhe amoulU of my n.... montbly payment bqittnina on the first
<br />montbly pByt'!lm-t da!-e after the C~ .Date until th~ amouni of my rnontbi)' payment changes qain.
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<br />,EI N_ofCloaates
<br />The- Not. Holder ...lil mati or del,,'.. to me a notice bd<>re each Cha.nIe Dale, The not..... will advi.. m. of:
<br />(i) the new mItral rate 00 ID)' l~i lU of the Lr~ OalC~
<br />,ii) the """""'I of my monlllly payment foUow.... th. Cha.nIe Date;
<br />liiil any addiuonal mall,," wbil;b lhe Not. Holde< is required 10 disclose; and
<br />{l'-\ the titlr and t~ number of a person who wdl answer any Question 1 may have fesArdina the notice.
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<br />a. CILltRGES: I.IENS
<br />Uruform CO\"Cftallt'" of the SccU-tli,')" !lUttument is. amended to read as foUows:
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<br />... ~ l..IetII.. ltorrower maH pay ail taxes. ~ts. and other charges. fines and impositions 'ttrjbt!ta.b-!~ to !he Proy::rt, ft'bid; may
<br />iOiWD" priority over this Security In.lnlIJ1..... and l<a5ehoId payments of ground r.nts, I f any, 10 Ih. manner proYidetl under parIIItlIPh 2 bcrcof
<br />or. -if not paid in such manner. by Borrower making pa)ment~ whm due. directJy to the na)U thereof. Rorrcnl!,~ ~h..~!! pro:npU:,. fliiliWi 10
<br />t ~~ aU lWticei of 4InOW\ts due under this paragraph. and in the event Borrower shall mak.e payment directly~ fJ...!rrower shall promptly
<br />!~--:mh tv t~ ~pts ~ sucll 1'@ymmt!. Borrcwe ih:ill prcmpdy diM:tw-ge any hen which has priority over this Security
<br />I_rummt: _. Borrower sb&II no( be teqwed I" ducharge any such hen so long.. Borro...." (a).hall qree in "'Till... to the paymenl or
<br />the ~ _red by.ucb lien in a lIWlJ1CT ilQ.'<PUIbk 10 Lcoder; .bi ,haJJ in &<>etl faith <<.nt.,,, ,ucb li.". by, <>r defentlllllalnst enf""""""'"
<br />of web lial m,lq&I ~ ...lIi<b m the opurion of Lender opo:..t.!O prev<tlt th. cnfor.:em.m or lhe h.n Of forfeilure of Ih.Propeny or
<br />any partlhert>of: <>r Ie) .hall S<'C\!ff from the bolder of such lien an lIlIm:men1 in a fonn sallsfactol')' 10 lender subordinating sucb lien 10 Ibis
<br />s..:.mty Instrument.
<br />If Leftdcf dctf:rmIfh,.'!. !h~ ~ t.ii au)" pcut of tbe Prt..-~iy l-!o subj<<t to a lien ~tm::h may attain a pnority oytr tnls Secunty lnstrument. L~lU:iet
<br />shaH ~ Borrow<< a ~ idtntih-i:n$ such lien. Borr-ll'Wff shall ~Hsfy ~Udl hen O-r hlk-e om- of more: of the actio!1~ ~t forth above wnhin ltU
<br />da,. of lbe ........ of:be ",met>.
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<br />Ul'Iifonn c~ 14 of the- SC'4."'Uf'ity IMlrutttmt li l.flm\dtd to read a5 tt'\now~:
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<br />...... ~.l:K'CfJC 100mv notl<< ,eqWfCld ~ .~k.ble ta.. tt;.l be I,ven m anotbc':r manner. ta~ an.\- nnllr'( tu E~)rrowcr prQndcd f~'\f If\ (ht;
<br />~ lQ.lt'tmMftt ~WiH be ~ by dtbvffifit, H or ~- maml\l ~- t::'? Hu.t (lMJ mo'id to &"1'rr-oWfi at the Pn'-pei'l,,!' ."'darb_\. \H ~1 s\}\."h othtr addt(';'!j
<br />'" !k>>-;fnw<< ~y ~ by..x~ to L~ M J.lfO'\ided twetfi. ;!utd Un J1ny ni)Ui".~ to 1 ~ndc-r ~h.llU be It-\Yt"1l by f!rlt{ ..~JA.""''; Uttil to t.cndcr'~
<br />~:Sl-tiU:d bttnn 1-lif Ie \'\8I..-'fl :;,:tbef' lId4tft,- &1 IA.".ndef may ~wC' by notJi:f' hJ 8otn;.\_'t'f il-"' ptQ\'Jd~ htf-t''I'A Any ,h'Kh.::e \1ft.7Wlded fnr m lhlS
<br />~ttJ- i,"lf~' !;~ bt ~,IC hI"f beA: IJV-\m H) Bunowt!1 Of Lender WMfl K-l....Tt' HI 11:(' ffU\f11lt'f (!Ml.na~('(j ot'1'em
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