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<br /> �` - " AD.tUSTASLE RATE R1DE� 92--1110�4�
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<br /> ---y��. THISADJUSI'A8L8RA7ERIDERf�multlM� 13TH �,yor JANUARY _19 92 .
<br /> — �nd i�inoorpouted Into�nd�haU bo dxmad tu�mend aod supplemrnt tha MottWe, Dad of Ttust�a'�ecurity Deed phe "SecutltY
<br /> =;.'� Iasuume+iN')oi the�me date dven by the undersipbd lth�"Borrower'7 to:ocura BoRO�re�'�AdJusuble Mte Ndc phe"Note")lo NQMR
<br /> �.,�,-;�t anGn��8AWN03�LOAN/1w..^�IATIQN OF OR11ND ISLAND NBORABKA(the"L,ender"! ot�ht�me date wd oomltu IUe
<br /> - --------:,J •.• property dacrlbod ia�he Secudty Iwuumeat aad laatod u:
<br /> _—.:�=.sa;. 2115 W LOUISE, GRAND ISLAND, NEBRASKA 68801
<br /> _ _ � -- ---�g;-- IP�apMrAddrw) -
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<br /> .�.:x�t:,�:�� Tu. .ae ea.tM� rro�ldo��.no�l.e �a c�e Ir .p I�Iw�st�w..+.f.wlMlr
<br /> -==.r!�:`�;�?..:' �.e�u.Tw.ae dw u.���re..owl.r�.teeal�.a c..cw.te a w o..u�.�N
<br /> y':i"•,� YwIM���M1Yt�nlel��stpp.
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<br /> ��x`- : ADDITIONAI.COVENI►M'S.la�ddition to the oovenants aad yraemenu m�de ia the Security Ins�rumant,Bonowa aad Lwnder
<br /> --- furtber covenaut and�reo w follows:
<br /> ---� -v-"~;,;�-"- A. INTERFIS7'MTE AND MU1V'tilA.X PAYMEIVT CNANGEB =
<br /> '.i=�:1Y.._� �.
<br /> ..,;,;:',t.�. .. The Note W ovWa for an initia!tataac nue oi 8•0 Mi.Sahloa�of Ihe Note provides for ch�n�e+in Ihe iataest raw and Ihc -
<br /> A� =-:+,..� �. . ' �Y WY�u.�s foUows:
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<br /> ":.�✓.Y.������.-.�:.S' -
<br /> -..� f,r�'' .y., ._ ,, /NTBREST RATf ANDINONTHLY PAYMENT CNANOES _
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<br /> - -�- ;� .. � (A) Chr�e D�ta
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<br /> °--•',��.._��e Thc interat nue i will pa,v maY chan4e on the Orst day of FEBRUARY ��q 93 ,and on Ihwt d�y tvery
<br /> _ '—:,rta��.,'�' � TWELUE months thercafter.Each dau on whicM my laterat tate could chan�e is alkd v"Chan�e Date.••
<br /> �;..s�,�.;_,.... ��;.,
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<br /> °• :.�,��rfr:. .�...., ��'" (Y) TYel�da
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<br /> _��,1�;:,a. eeginnina wi1A 1he flrst Chan�e Patr,my imcr�st rate wlll be based on an tndea.The"index"is the wakly averaae ykld on Untted Sutes
<br />--_ __ --,i��'¢?�..�R+'. , 'iYpsury serurlUa�djusted lo w constant malurity of 1 year,as m�de av�ilab le by t h e F e d a d Rcsecve B o a r d.T h e m a t r e o e n t I q d e x t l�u r e _
<br /> - '���!��';�;;"•o�` '4 �vAil�bk u ot the due 45 day�beforc each ChanQe Data is caUtd the"Currcnt Index."
<br /> �:�°;>r•.. .... • -
<br /> _—��. •rr. . I(the Indac b no lon�e�available,the Note HoWer wNl cdoote a new indac which i�b�sed upon �romparubk information.The Nole _
<br /> ,;����_�`__'`o "°�� HuWtr w1p Qive me aotia of this choke.
<br /> ___";'�''� ,z. , : ° lC) S�kul�tlor MCY�a
<br /> ����'� - g�fMR each c�an�e Dau,the Nae Holder wlll calculate my new interat rate by addln� THREE ANO ONE HALF pucenu�c
<br /> _�a ', �1'r?�'' . ����� 'i_5 �➢�i)lo the Current Index and rounding to the neuat 1/&h ot I�.subJat to�he Umits suted in Sectfan�(U)beioM.
<br /> _ - ��... •�' This roundod amouot will be mY�+'intercst rate untU the neat Chrn�e Date.
<br /> '•::�i;� �' � � The Nae Halder will then determine the amount of the monthly payment that would be aufficknt to rcpay in fuR ihe prindpal 1 un
<br /> ;;�.�'.,�,'�. � expected to owe on that ChanQc Date in substantiaUy eqwl Wfnnen�s by Ihe maturiry daV:at my new interest rata The raWt of Ihis akul�do�
<br />-?i�,,,.:; wfll be Ihe ncw amount ot my monthlY payment.
<br /> . . ` lD) Unlb o�lateresl Rate CY���a 10.0
<br /> , . The interat rate 1 am required lo pay at �he firot Clwnge Date will not be grcata tlun �Vi o� Ih�n
<br />:;,;�,,• • � , R_fl �,ThereaNa,my interat rate wlll never be increued ar decra►sed on any sln4leChandc Datc by morc than
<br /> �`� � (.2, n� trom Ihe�a1e oi interest 1 have been payfng for the precediag twelve months.The minimwn interest rate on thit loan wlll neva Ae
<br />�'ti:`,";, a ���h� 4.0 Si and the m+uimum interat rate�rlll nevar be Qra►ter th�n 11.0 q�,
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<br /> .. .� ' ,,J` . (6) Effecdvt D�k o/Cb��a
<br /> • �� �'u" � My new interat rate will become effcetive on wch Chan�e Date.1 will pay the amount of my new momhly payment be�{nnin�on the Orat
<br /> : .,.
<br /> .��r°�� " ' monthly payment d�tc atter the Chan4e D�te until the amount of my monthly payment chonaa aQaln.
<br /> ;f;;��� � � �,;.��,'' 1� Noticeotcw��a
<br /> :��•• . ���. ,. • . 7'he Note Holder wfll m�fl or ddiver to me a noticc befae cach ChanQe Data The noticc wfll odvise me of:
<br /> � e� (1) the new intenat rate on my loan u oi the Chenge Date;
<br /> ;^�� �`-�.•'= �� ' ' � . (li) the amount oi my monthly payment fol�owing tlu Change Dete; _
<br />;r+.�;if�•: ^ � � (iii) any additional m�lters which the Note Holdn is required to disclose;ond
<br />�;,,•;.; , (iv) Ihe address of the aaociation you could conuct reoardin4 any queations aboW the�djuumen[notice.
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<br /> " - � & CNARCES;41EN5
<br /> � � ' UNform Cuvennnt 4 of the Securi�y Instrument is�nended torcpd a+follows: _
<br /> . • 1, C��nea=I�au.Bonower shall pny all taxa,assessments,ond other charges,Bna,and imposklons ueributable to�he Property which may
<br /> � , atuin a priorlry over thia Secudty Instrument,and kasehold payments of ground tents,if any,in the manner provided under puayraph 2 hercof
<br /> � or,if not paid in such manner,by Borcower makiny payment,wlxn duc,directly to the payce thercof.Borrower shall protqpUy Nrnlsh Lender ;
<br /> ' � all eotkes of amounts due under Ihis paraaraph.and In the aent 13orrower ihall make payment directly,Borrower�hW promptly furni�4 to
<br /> Lender recefpts evidencing �uch payments. Borrower shsll promptly discharge nny Hen which has priority over �his Securily Instrument:
<br /> howcver.Borrnwer shall nu�be rcquir�d to diuharge any such lirn eo lung as Borrowcr.(a) shall agree in wrUing to the p�ynxnt of lhe
<br /> obliguUon secured by such lien m the mannar acceptable w Lender,(b)shall in gaxl faith conus�such Ikn by,or defend against enforcement of �
<br /> � such llen in.legal proceedings which in tlic upiniun of Lender operate to pre.ene tht enfarcemmt of the lien or forfeiture of�he Property or my I
<br /> ' put thereoi;or(c)shall serure frwn the holder ot such Ilen s�n a�reement fn a form sntisfactory to Lender subordinatinQ such lien to ihis
<br /> Security Instrument.
<br /> If Lender delctmincs�hat all or any p+r�of Ihe Properry fs subjct�to a lien which may atlofn�prioriq�ocer this SecurUy� lnstrument.
<br /> � Lender shnll gfve Borrowrr a uotice iden�ify ing.uch lien. Borrower shall sausfy such lien or take une or more of tht octions�et forlh above
<br /> � wi�hfn ten days oi the 4iving of the noti��e.
<br /> • C. NOTICE
<br /> � " • Unfform Covenant 14 0(Ihe Securfty Inslrument is amended io read as follows:
<br /> 11. NMice.Ex��ept for any nalce required under oppllcable I�w to be given in another manner,(01 any nutice lo Borrower yrovided tor in this
<br /> Security Insuument shall be given by delivering it or by mailing it by first class mail to Borrower at the Propeny Address or u�such uther addras
<br /> as Borrower may dafgnale by notia to Lender as provfdeJ herefn,and Ib1 any notice�o Lender�hall he ghen hy f'irt�elas�moil w Lender's
<br /> address stated hereln or to�uch other addrtss u Lender may designAte b�•notfce tu Bortower m provfded herein.Any not�ce provfded for in ih�s
<br /> ' SecuNty Insttument shall be deemed�o have bcen gfven to Borrower or Lender when afven fn the m�nner desiQnwted herein.
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