|
<br />84 --... 005842
<br />ADJUSTABLE RATE RIDER
<br />
<br />r
<br />
<br />THlSADJUSTABLERAttIUOERisrnatlelhi& ;2'1 dayof . ()C..fOh04>r. '.' ... . .... ,~".Bil~~
<br />and is it1CQtjlOl'llted Into ami shall be deemed to antend .ami$UJlPlenlent lhe MQrtgqe.DlIedof Trust. or Deed to Secure Ill!b({~'~
<br />InstrUI1'i<mt") of the same date giVen by tbe undeniped {the "Bortower")to seclJre Borrower's Adjustable Rale~ to . .
<br />$AVlHGsa lOAN ASSocfATION OFOMND ISLAND, N$RA$KA (tIle HLeiider").ot'the sarm'
<br />a.'\d covering lbe propeny described in lbe Security Instrument and located at:
<br />
<br />2Q4 North Piper #5 and 210 North Piper #5.
<br />(Propen.yAddTess>
<br />TIle NOR _ ,,_ IIIil>wIB! f.... ~lo!the\Q'-t.. Jrt""~~
<br />me-, Ilw 8omIwer's ~.~ rillwlriper, If the iatcnIt "R~. tile .
<br />~jl_IioIyJlS1__wiiibeiower.
<br />
<br />
<br />ADDITIONAL COVENANTS, In addition to the covenant andagreemenrs made in the Securitylnstromellt,'~c'til'Id~\"
<br />furthercovenaJ11 and agr.... u folklws:
<br />
<br />:_:-~--: -::--:_::.:!::__c_';~;:?::,~t
<br />A, INTEIlESTRATEANDMONllIl,'''PAYME!'<,CHANGES '. .' '.' .'. ........,.".:.
<br />The Noteprovidti for an initial illteTest rate of L:5 .",. Section 4 of IheNOIe provides for e~intheir!tcn!st....,~~:,:,
<br />monthly payment>. as follows:
<br />
<br />
<br />_:>. ':_,_>_:_>_e__,.~
<br />
<br />4, lNTE.RESTRATEANDMONTHLrPAYME'lTt':H',NGES '. <.;',v'
<br />tA) CJlaaeDatn ...,.."..... . .,.........C
<br />Theim_ratel willpaymayc~onthe 1st day of December.. .... .' l'L..a5:.-'~"
<br />011 that day oflhe month every , 12 monthslhcreaftet', F..aeh date ')tl which my Jnt....Cllt rarecooJd cbangeilleall\!da.~:~.r.. c'
<br />
<br />(lI) TIle....
<br />ae,inniug with the first C~ Date, my interest rate will be based 00 an "Index," The Index iSlhe weekly.v..... yield on~'~:
<br />Tr~ _l!ri!ie adj""lcd to " comta..,t rnatnnty of ___._._~_one....- years, iii made avaJIable by tbe Federal Reserve Board.'JlIti.IlIOl\t; .
<br />ra:;mt ludex fliW'C available as of 45 days befor""acb Change Date is eaIled the "Current Index."
<br />If the Indt!): i. n" /{)!111"" ~v~i!~b!e. the Note Holder will cboose a new index wltk:b b based upm! comparable infurmatlon, 'J'lm Note: HoIdet
<br />will give me noli.... of iu choice,
<br />
<br />IC) <.'<IIatIatioIr '/lfCltallps
<br />Before earl> Chan&e Dale, lbe NOie Holder ..m eakulate my new inlerest rate by adding t h rile. 'l"d r1ne>_h",l f'perecntace points
<br />(---i...5....._ ....) 10 the Corum Index. and rounding 10 tbe ne&fest J /8110, 'I'be tlWll. will be m.y new interest rate. The minimum interestrale
<br />on thls loan ",ill he no I".. than 1 n r; "", The maximum interest rote on Ihis loan will be no l1IDI'e than 16 a "",
<br />The Note Holder will then detennitle the amount of tbe monlhly payment dUll woukl be .,,(r!clem 10 repay in full the prlnclpal Jam
<br />..peeled 10 owe on the t~e Date in s"bstant1aliy equal paynllOfit' by the malurny date at my new inlerest 'ale, The ruuli otuu. eaIeulation.
<br />will be the new aJtlQ.Unt of illY moilthly pa~L
<br />
<br />(01 EffftlM lMle of <........
<br />My new int",,,,,t tate will be!:ome effective on eacb L"llauge Date, I will pay tbe amounl of my new monthly payment begintting. on thefint
<br />monthly payment dale after tbe {."hanie Date until the amounl of my monthly paymenl clwtgos....n.
<br />
<br />{El N.........~
<br />The Note Holder Wlltmail or ddi_to me a notice before each Change Oat", The nOlI"" wiii a<ivisc me .01:
<br />(i) the_ iIltercslnte on my loan nofthe Change Dale;
<br />(ii) the ~ of my _hIy paytnerlt.followin; the Cballlle Date:
<br />(iii) lIIlJ additional llWlen wbich theNote Holder is rcquired to disclose; and
<br />(IV) t.."c:- tide-~Mtt~ ii~s.U"ofj pefWfi woo wtii answer any question i may have regarding the notice.
<br />
<br />t!., CK.~_;EI!:~
<br />Utliferm '-"""e"ant ,,' o'filII ~ is amcmIcd to read as follow"
<br />
<br />4. ClIllqM: IJdo. Bortower s.'ull. pay alllU..., ~. and ",her >:batg..., fines and Jmposition. attribulable 10 the Properly wltk:h may
<br />~ .. prl()fity O\'U Ihi. Security Instrumenr. and leasehold paymenl5 of ground retlls, if any, in lhl: manner provided under paragraph 2 hereof
<br />or,if ftOl paid in such mamlCf. bXBotrower makin& paymenl, when due, dlrcctIy 10 Ihe payee lhereof, Borrower sball promptly furnish 10
<br />IAlder all llOIiec$ of amount> d.... wtd<r this paragraph, and in IIle "'...nt Borrower shall make paymenl directly, Borrower shall promptly
<br />fllmilill 1<1 Lemler rct:eipts e...iden..'iIlll _h pa)'IllCDlS. Borro""" .hail promptly disdlarge any lien which luu priority over Ihis Securiry
<br />I~ ~, Borrowa >hall 001 be requited 10 dis<:lwac any sucb lien so long.. Borrow....: (a) sltallllf,tft in writing 10 Ihe payment of
<br />tbe ~ _e<l by .uch lien in a _ ~le to L""der; (bt .hall in good faith rontest sucl1lien by. or defend ..,aim! enforeemeDl
<br />o! """" lien in. Qti~DllS wbid. in the oplniun of Lender operale to prevent the enfon:ement of the lien or forfeiture of the.Prope,rty or
<br />ti\Y part thereof; or (el >hall !!(>CUte from the holder of >Udllien llll ~Il in a form sall5faetory to Lender .ubotdin.ttina .uch lien 10 thio
<br />S<<vritJ loW_,
<br />It ~delenI1lIles lhal all or any pan of lhe Property is .ubject 10 a hell wbieh may auain a pnorllY over Ih.. Security Instrument, Lender
<br />NlItll JiWl __ II llCIjec i<!auIfyins _it lien. Borrow"," .hdl satisfy ,".on !len or lake One or more <>f tl:e action. >ct forth above wirhin ten
<br />~of llle,;"""o! lhe_,
<br />
<br />L
<br />
<br />c. ..N01'tQ;
<br />IJlIlfom:. CC':_ 1>\ of tbe St<:wlly Ilm'_1 is ..nendoi '" relld a.: follow.:
<br />
<br />14. ~. t:~ fur ~ Mti<..., tfilju1rcd ~ ~ ill.. to be Ill_I III another lnimll<l'I. ,it) iW,. nOtice 10 !l<>rrowcr proVIded for i.. this
<br />~il:f IIlM_ iIlI;tjl be ~ 1>,. deii_...,t or I>'!f ~ it hy flm cia.... maij I<> Bono""", al tho< PwpeHy Addr""" l)f ., ,,,,,b olher ad<l=,
<br />"'~!lla'f ~.b-y fIl"'k>i> l<> t,~ ib 9<......ided; ~...lOIld (hj any !l00'" I" umoo .hai! be ilV<tI br first <,\",,, mad 1(' Lender',
<br />~ ~;tl<<! '~<l< 1<; .....11 fithrtt~_lI$ l<:llder .....y ~t.l>1 ootil'" <08Qm:tw.. '" f.'f"Yj'.i<;j P,fft'l;U, AllY ,,')fl~~ pr1)"!<,j,,d "Of .Illni>
<br />~l, ''''''t_~ lie ~ 10 b<N~ !>om Il~"" 1(' &t<<"".. ,~, L<1><la "'Mn <<ive", It! !M _11"'" d"'tlI"lOl<<l "",,,,n,
<br />
|