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<br />~" 3'FtCr~'1`ii!I3N AI.F.i1~!°tPtit F()K (FF.4NtF'.ti IN "i't1i{ INTEt(k:!s'1"i' RilTk. FN-
<br />i:Ft}:.Atitti FN TNt•: INCi•.ttF;~;'C RA".K WItL 1tk`sti111:7' ltd FR1C:4t1^:IR ~AYtNF:N1'~'.
<br />(3F.CFRF:AtiE„`i IN 7'IF~: IN7sE31C57' ItA'Tll; Will, RESULT FN l.~Ti+F:K FAYMElVT5:
<br />Th;s R idtt is made this .. Z~t~: day.. of .. ,7anuary, , , . , , . , . , 19 $,~ .. , and is incorporated intoand-shalt
<br />be eteecnrd to acnenct ants supptetttertt the MrDrtgage, F3erd of "Crust, or Decd to Secure Urbt (t9te "`Security Irt;:tru-
<br />vncnt") of !hc sarnr date given tsy the uadersigrard (t)ee •.t3arrower'.) tasecure Borrower's Note to . ~kl~'...........
<br />First, ~Fsat~nal. Bank..of, .Grand . Ls]:anr3., . brand..Is.la:td,..Nebraska .................
<br />~thc "Lender") of the same date (tltr `"Nate"} and- covering. tkte property described in the Security lnstrument'and
<br />txat«i'at ..42.~2..Lariat..Lana.,.. Gxand..Islared s .Nebraska ................... . ..............
<br />ProJH`rry A+f~reu~
<br />Mud'eFiestioax. let addition ro the covenants and agreements made in Uee Security Instrument, Bnrrowtr and
<br />Lrnder further covenant and agree as foltaws:
<br />A. 1*.tTE}tE.ST IRATE AND MiDNTHLY 1'i-YMEt~kT CHANE~FS
<br />Thr 4o!e has art'"Initial interest Rate'° of 1„5:'5 . atn. The Norse inienst rate may be increased or decreast'¢nn thts
<br />..:7.. daY of the month beginning nn .. NlarCh..........., 19.8.5... and ou that. day of themonth every
<br />. ~ . mianttts thrrcafter.
<br />Changes in the interest rate' arc governed by changes in an interest rate index called the "Index". The Index is the:
<br />[C'herA f ^/ iNY r0 entlxate ntQei.l
<br />tt) "i' "Contract Imrrest !tare, l'urehasr UC F'CCV{OUSIV Occalried }Fumes, National Average for all Major
<br />Types of [.enders" published by tree Federal Fame Loan bank F3oard.
<br />_~:} xl' - .U_S.. mreasur•~r.Secaarities. -.3.~zar............
<br />.....................................................................................................
<br />tt keckerre tt:.r.ta +artmte xleethe! there ra ury masimaam lima on changes ~n the interest rate on each Change [fete; ij aatrax istherkedthere wilt
<br />tx nnmturmYAe lama vn rhanges.l .
<br />ti) ~ Tharis no maximum limit an changes in the interest rate at any Change Date.
<br />t;? ~ The: interest rate cannot be changed by mare than . ,~... tx:rcentage paints at any Cltangc date.
<br />l the Interest. rate;changrs, the amount of Barrawer's monthky 9aymrnts will change as providatf in ehc F'?utt. In-
<br />creases in the interest rate will srsutt in higher payments. t?ecreases in the interest rate wilt result in lower payments.
<br />It could br that the loan sccurrti by the Security Fnstrument is subject to a law which sets maximum. lawn charges
<br />ax#d that taw, tsinterpretctL so thtu the interest or other loran charges collected or to br collected-in t:annection with the
<br />l.,an would exceed permitted 4truts. It this is the case, then: (A) any such loan charge shaF6 be reduced by tht amount
<br />rtrccssar;y torctiucr thecltargr tzt tltt pennit[cd Iirnit; anti 1ES) ;toy sums airc•:tcly cntlceted frcttn Borrower which exCeed-
<br />.J t+r:rrnu[rd hotels wrFi tx refunded ra i3orrowrr. Lender may choose to make [his refund by reducing the-principair
<br />tewrd under the Note ar by tnakrng a direct payment to E3 rrowrr.
<br />t:'. PFRttPK l.Ik:NS
<br />{1 Gender drtertrtinCS that <tit or arty parrot the tutus secured by this Security Instrument atesubject to a Lien.
<br />whicl'tltas prit~tity over this 5ccurit~~ laastruntrnt, Lender may send Borrxswcr a rx~tice idtrailYing thaihen. Borrower
<br />,1:altproenptly :tCt with. regard to tfiat ticn as pros•ided in paragraph 4 of thr Security Instrument or shall promptly
<br />~s.:rutr as ab*reemcnt tt; a fornrsatisfaetory to l..ettder subatdinatintr treat lien to this Security lnsk'umtnt.
<br />(>`. ~tct~;v~Er~R oF~ T~tl~. t'tR(;'IE~E:FRTY
<br />ff tnrrr is a tran~4rrat tltr l~ruperty subjrc€ to q>aragraph 17 of the Secarity Instrument, Lender may require {}j
<br />an ~ncreasr to he curtettt-Note irueress rate, or {?) an increase in (ar retnaval oClthe limit on tha amountaf any one in-
<br />tri rs! rate.:hartge (i.f sleceess n lin;i; ), a, (3) a change in the lease dndex figure, ar alF of these, as acanditianof Lender's
<br />w aiY oRtt Inc ©j)tSOn EO a4~%'rlrfat ~' ~3rOV`[dGd. to paragr:}ph 17,
<br />eEy sigRi,ngRhs, Borrower agrees [o all of the alcove.
<br />t l3. McClurkin -t3surora
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