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<br /> Alx1U8TABLE R�ITE RWEIt 9Z•�1 Q O� _�
<br /> •�—� U Yp1r Tta�uty Index•Rat�Gpl
<br /> - - • THIS ADJUSTABLE RATE RIDER is m�de Ihii 6TH ay or JANtIARY .�9..92—. --
<br /> — � �nd i�lacapor�tad iato�wd s6�U be deaned to unnd and wpplemeut the Mon�e. Dad ot Tnut, or&avHly OMA (tM •�S�cudq
<br /> �n
<br /> insttument")of the woe due t�vea by the undersi�aed(�be"8o�rower")to�ecurc Borrow�'�A�wu�k AMC NcKe(lhc"Nae"1�o
<br /> ---;��� _�_ I _t�� � FHDERAL SA��I�O3�I,OAN I18SQCIATION OF ONAND ISLAND N�(�M"Leadier"I.ot�Ue wa�daa and aovaf�tM
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<br /> � ��.-,j,-� popaty daaibod ia the Security instrumtat and toW�d�t:
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<br /> — 1321 N SMfRIDAN, GRA(�U ISIAM1fD. IVE 68803 _-�=
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<br /> �=���*L-�r:�.�� , r�i�.a.e.�wn rr..w...doawe ta ch.p. w.v �.a�«�n�t..�1�►r .w.�Wr 9�f�i+
<br /> --- -�':�:�' . ' M�w,TW�Nt dro IWU tM uMtl�y In�s1 nM a�eM�p N.�l'Mo tl�rM �.,�,.
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<br /> .�_.t�,';,{;_� ' �IM IM�IMMI��M IYo�Iw aM 1�rnl/q�. ���r.'
<br /> =e'"��`�""�y � ADDITIONAL COYENAN'fS.la addWon to Ihe ccremau�w►apsea�ente audt in UM�9ecurfly Uplrumeab 8otrowa u�d Ladt� ���:
<br /> -�-i�::%:,�_�,�, furlberooveRtntaodyreelu tOUowA: •�°"„
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<br /> �•".�;�,i��,2�:�;; . . A. IN7'�RFb"1'RA7'B AND NON77fLY�AYMENT CHANGFS
<br /> ..'.��_,-.•-- 'I7�e Note Prov'ide+tar on iaitLl iatasst tate of 6•5 �lb.Seetloa 4 of tMe Nole V��a far chpa�sa in Iho iatesat rats a�d t1K �:^
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<br /> "_ _`•'�:`%;�i';�:i' 1. INTF.1?EST RATE AND MONTNLY PAYMFNT CNANOFS ---
<br /> �i,;i,'�����'}i 7��:,r::�,� (A) Cr�S D�k+ I�'__
<br /> �:;�,,., .,.,st .. ,�•:..:..: FEBRUAHY ,t9��.udontAatd�yevsry �_.
<br />--- �,,;., .,, .t c;;,;�� The interest rate 1 will pay may chan¢e uo the first day of
<br /> �f �,��ty���� 17 maoths tOaaRa.Eacb dste oo w6ich my fnterat nu couW cban�e is calkd a"Chtu�e D�te.•• �,•-
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<br /> �.;� �'�.`,,. _, ReQfnniag with the fint Chan�e Daie,my ioterrst rate wiU be baaed on aa Index.The"Indtae"i�the w�ee�ly averaQe yldd on United Stata —
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<br /> Treasury securitia adjusted to a rnnswnt malurity of 1 year.ns made available by the Fedm�l ficx�vc Aa�rd.TAe mo�t reea�t ladex(i«wt —
<br />_;it�� .� •��.�.�",,,;, availabk�s oi the date 4S diya before each Chanae Date it called the"Cur�ent Index."
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<br /> r'�` �:t�. .. - If the indea is no lonaer available.the Note Holder v+iU choae a new'iada wNch b bssed�P°n compa�ablo fofotm�da�.7'he Note
<br />;e��;� � .. . Holder wN�ive me notke of this choke. �_�,:
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<br /> ;t�—:�r:1 —..— — ci:) (�k�bdiwoiCiw�w TqA AIVU ONE HALF _
<br />`,��j,:; j 4: ' • Betare each ClwnQe Date.the Note Holder wfll calculate my new interat rate by addin� Pn�� -
<br /> _�� . .. •. poinu( 2.5 �)to the Current tadex and rounding to the nearat 1/8th of 11�.sutWrt to the limiu st�ted in Sectian 4lD)balow. _--
<br />..�.-° ,+,•, 7T�ii rounded amount wlll be my new interat nte unUl the next Chanae Date.
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<br /> . , fe�`,g�,�;a;f, ,. The Note Holder will then determl�x tA¢araount of the monthly payment that would be sufficknt lo rcpay in full the principal 1�m
<br /> . .}'�'l;.' �s acpocted to owe on thwt Chonge Date in�ubsnntially equai paymenu by the matwity date at my nar interest rate.7M rault ot this caku�atbA —
<br /> .-t�; • •��'�SU�r� 'i �� _ ---
<br /> �� ��. �"'�f.!Fs.:
<br />�; ,, •. ,,�.,' .��,�, w f l l b e t h e a e w a m o u n t o f m y m onthl Y P a Y�nt.
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<br /> � �;;-, ,�,;2 i.,;:. •. (D) Lidb w laterpl R�k CYu{a
<br />��.�;:��,: 'i,};�A";i ' '`' :'`:'.`;•., The intuat rate 1 am required to pay at the fint Change Date will not be greater than 8•5 �Vi or ku tA�n —
<br />','��J�+L� ;'��i;}��`: 4.5 �h.Thcnafter,my interest ralc wfll never be inctcased or decreased on nny sin�itChange Datc b�•more than � ��.
<br />' �_i�� .,. �,.Y.�,;i . �—
<br /> ...(2.Q�—ftom the rau of interes�1 have been�uying for the prceeding twelve momhs.The minimum interest rate on this laan wip�v�r t+e
<br /> ' 4.+r� ". lest lhan 4.5 Ni and ttie m�cimum interat rate will never be areater tiun 11 .5 �fi. —
<br /> - �` 1 � " .' . (� Eftective Dale of CY�aQa �"
<br /> �*�.•.�,� a My new interat rate wfll become eifative on each ChanQe Date.l will p�y�he amount of my new monthly paymrnt beQinnine on the fint �,
<br /> =r-.� �';v��� '•�'.�-`� monthlY p�yrnent date after the Ch�e Date uatil the amount of my mont6lY paymmt chan�a+aBain. �lS.�
<br /> -`:���T�.����';;. � ,4".? .. (F► Noda of CMaKes .
<br />':�::'�_��!s.' ' � `'�`�) The Note Holder will ma{I or de8ver to me a notice beforc each Chan�e Date.The notfce wlll a d v 3se me a i: _
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<br /> __��` .^;'` ,,,���!�° (i) the new interat rate on my loan as of the Change Date; —
<br /> �`'�,ti'7 '' ,�.:. Y.�`''. (iq the omount of my monthly W►yment following ihe Change Date; �-^
<br /> -t a.+� ''�` •• '.- ° (iif) any addillonal malters which the Note Holder is required to dixlose;and
<br /> �``r: �� ,• , ��.. � (iv) the addras of the assocladon you could contact re4ardina any quadau abaW the adJuttment nodee. ��•
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<br /> ' � , ••�'�����'` B. CNARCES;LIEN3
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<br /> ..,,',�-�•, ' Uniform Covenant 4 of the Security Inslrument is amended to read as follows:
<br /> ;'�����'� 4. CMar�es=Lkat.BoROwer shall pay all taaa,assessments,and other charges,fines,and impasitlons a�tNbutablc to thc Propeny which m�y -.
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<br /> ,,::,.; •�- ,�,�, attain a pdority over this Secudty Ins�rument,and�easehold p�yments of ground renls,if any,in tht mnnner provided undet patAgraph 2 hereof
<br /> • '��'.4:��-��',�• or,if not paid in such manner,by Borrower making payment,when due,directly to the payee lhtteof.Borrower ehall promptly fumish Lender �r.
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<br /> � �'�"��•"• all notices of omounts due under�his paragrapA,and in the event liorrower shall make paymrn�ditextly, Borrower shall promptly furnish to 1-
<br /> �" � ' � Lender receipts evidencina cuch paymenta. Borrower shall promptly di�chargr eny lien which has prfority over Ihis Securily Instrument; G,•
<br /> however,Borrower shall not be required to discharge any such lien so long as Borrower.(u) sh�ll egrer in wrltin�to the payment of Ihe t
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<br /> . ' obliQation secured by such lien in the manner ac¢eptable to tander;(b)shall in good fafth conlesl such Ifen by,or defend against en(orcemenl ot
<br /> ' such lien in,IeQal praeedingg Mhi�h in�Ix opiniun of 4ender opera�e to prevent the enforcemen�of ttic lien or foriciture oP the F'roper�y or any �
<br />° , . ��,'%'� part�hereof:or(c)shall secure from the holdar of such lien an agreemen�in a form sallsfactory to Lender subordinatinQ such lien to th�i i.,
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<br /> Secudty Instrument.
<br /> - ■e���_a�.....:.....w...�n...o ..:,a nf�h�•amnerrv i�subiect to u 8m which may attain o priodty o��er this Security Imttument, t,i
<br /> � S.'';F; . •..
<br /> :,,y. , • Lender shall give Borrower a nucice identifying such lien. Borrower shall xa�isfy such litn or ta►e one or more uf�he actions set Porth above
<br /> ,_ �,;�?`•.•' withln ten dwys of the�iving of the notice. �� •
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<br /> ,;'. .. " C. NOTICF.
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<br /> Uniform Covenant 11 oP the Security tnslrument is amended�o read as follows:
<br /> 11. Notke.Except for any notke required under applicable law to be given In another manner,(al any notf�r tu Burrower prorided for in this
<br /> .. 5ecurity Instrument shall be given by dellvering it or by mailing it by firs�class mail to Borrower at the Property Addres�ur ri au�h othcr addtas
<br /> • � as Borrower may designa�c by notice�o Lender as provided herein,and 1b)any notice to Lender tihall be ah•en by flrst clus mall to Lendcr's
<br /> ' oddress stated herefn or to such other addras as Lender muy desfgnate by notice to Borrower as provfded herefn.Any notfa pro��idctf for in this
<br /> •� Security Instrument shall be damed to have been pfven to Borrower or Lender when Qiven In the manner desigruaed hercln. ,
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