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<br /> ���-�:��;���.- ADJUSTABLE RATE R1DElt 9Z-. 140519
<br /> *��i �, ' ll YqrTaawyladat•WttC�W1
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<br /> '"�"��`'�..�� JenuaTy .19 �
<br /> �M� ° THISADJUSTABLEAATERIDERIsnudethis 15�d+�yof '
<br /> °�.C��_,."`_ �. .
<br /> '� �nd it fn.wryoratad{nto�nd�h�ll be doaned to �ma�d md tuppktaent tAe MortM{e,Lleed ot Truu, ar Secu�lty Dred(!M "S�Ndt�
<br /> ; :.: `, �� Instrument")of che same d�te�iven by�he undera�ned(the"Bonowa")�o xcurR Bonmvsr'�AdjuNabM Rate Nou(the"[Jote�9 co��
<br /> ''•''.� �: FFOE �l.BAVINflg�LOAN ASSOCIATION OF aRAN01iLAND NEORAdK�pbe"LRada•'1 ot tb�wm dw+od oovalof U�
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<br /> ���t�a. dpaihed ia the 5aeuritY�mtrument and loc�ted�t:
<br /> '", }9f�:�:°..;�:.�.,��. D��Y
<br /> - - �-�"��� - 2815 Staaecoach Cir,�-lJe,,.�_.Grand Island. Nebraska 68801 �_ _
<br /> .i: [C•:. �.. :1�Y� ����yAW���
<br /> . tii�;th• .
<br /> 3�:,+;i�E.`����-:. rYb.oN co.w..OrorWo��lbwl�e to.cY..p.a .� �.un.�nu. .�a .r .0�1�4
<br /> _- :;;. ..;:,' �y w7•e.u.Tw.a.pao u.��un.a�N■r i��a..�rak ea.eh.�.�t..s o..tiw�t�
<br /> , slw 1M��Y t�e�esp I�1 p�.
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<br />-- . . ADDITlONAI.COVENANTS.In�ddition to the eovemnb wd�ramanb m�de iu We St�cuNtY Instruma�t.BoROwer u�d L.ada _._ .3_�___
<br /> �J�' • ' furtha rnvauru and a�ee a folbws:
<br /> a�a� , ,
<br />,..'�� } ` . A, �NTERE�T RA7E AND MONTHLY PAYMENT CHANGFS --------
<br /> ,�� ,.�r�= 1 ' The Noce provtdes for�n inidal intereu rate of 8.0 �.SecUon 4 ot�he Nate provlda tor chan�es ia the iatant n►te�nd We
<br /> _����.�°""' =' ..•.:. " rtqntblY PaYmruts,os folbws: ° ---—
<br /> =',� w� ;'a`�'4�"
<br /> - �'' `-'`'�'- I, 1NT61t�'S7 TATE A n MON,�tt°PAYM''M'CHANOES �__
<br /> ::=.i. �r�. .• „
<br /> , ' (A) CM��eD�ks �-�"•'�-:
<br /> � The iaterat rote 1 will pay may chanyc on�he flrst day of _ FebTUeTY ,19 93 ,md on th�t dly evcry
<br /> � " ` twelv e _months th¢rcafla.�ach date on wiuch my interat rote cou10 chan�e is wiied a'•C'hanae Date." ��-
<br /> - -- �•(.<;';�+�'f�.:-�;._ t�� .���--
<br /> �,',�: , "�,.. (B� 1'Ye 1Mtat
<br />-' " � �a BeQinnin�with the firs�Chanse Aa�r,mv imerest rate will be baud on an Index.The"Index"b the weekly averaQe yfeld oa Uniud Stata ____..
<br /> ;h : ��,- 'rt+�i� Trcasury savritia adjusted to a consant matu�ity of 1 yeu.as made avallable by the Fedenl Rcstrve Board.The most ra�snt Indac fi�ure ---
<br /> t.* I;;���yY. rus•:--
<br /> • �,,�,� availabk as of Ihe dne43 dayn beiore cach Chan4c Date is called ihe"Currcnt Indea." ���_-_
<br /> '�`'" If tlx lodex is no longcr available,the Note Holder will choosa a new indac whkd is Insed upon comparable infornutian. Tha Note �_._
<br /> �''S � Holder wiY Qive mt notice of this chola.
<br /> .. ,,•. , ^.r,
<br /> � �c) cwkw�Io.otcr..sa three and one ha1F
<br />�'�`�' .-- &iore.e�.o Ciwuy�a Daie.the lVate 1 faftftr xi!!cafcufatc my sxar int:ra!ratr by ed�!�ng-- -- ��
<br /> Y z� % poinu( 3'� qi)to�hc Curcent Indac and rounding to the nnrat!/Bth ot 1�.�ubject to the Umiu sated in SaKianKD)Detaw•
<br /> � �' �� T his rounded sunount will be m y new interea��ate until the next Change Dnte.
<br /> " �`'� •,;. `:_'. Thc Note Holdcr will theo detrnnine the amount oi the monthly payment that would be�ufflcient to repay{n fu t l t h e princi p a l 1 am
<br /> ° � . expcctM to owe on that CAange Da[e in aubslantlally equal payments by the mawdty date ot my new intcreit ra�e.The rcsult of this c�iculatiun
<br /> " wiU be the new amount of my monthly paymeot.
<br /> . ID) l.inUbonlataatWteCM�o�a 10.0 ��f—�
<br /> � �� ' The interesl rate I am required Io pay at the Flrst Change Date will not be greater �han �i or laa than � —�-.—
<br /> ,. ' 6-0 9i.Thercaitcr,my imetest rate will ncver be increaud or decreased on any sinQle Change Da�c by morc than t� �� " • °
<br /> • �_irom thc rate of intere�t 1 have been paying for the precedina twelve months.The minimum interest rate on thia ban wiY never be F
<br /> � • las than 5.0 _�and thc nwuimum interat rate will never be orwter thon �2•� M�• ��-
<br /> �4.
<br /> ''' � - . " � (E) Etreca.e n.te o1 cn..�a � ` :.
<br /> 1 :j-� � My new intaat rate will become effative on each Change Date,t will pay the arnount of my new monthly payment b�inning on tfie ii�t �i r=.�
<br /> ��;�+►�•�-� monthly pqment date after Ihe Chan4e Date unUl Ihe amount of my monthly payment chanQa again. `r-�°
<br /> , .f;!„_ ' , `.:}`:-,�..
<br /> .. � "ui�y�� ,•;�.;�;, (Fl NodceofCM*e�es -T
<br /> � ':�`. •• ° " The Note Holder wili mail or deliver to me a notice beforeeach Chan4e Date.The notke w1U advise me oi: '�'='�•�•"._:�:`
<br />_. . r•;.'i�:;.. �'•-'_-..-
<br /> . , i:„it•.. (i) the new intera�rAte on my loan as of the Change D��r, j�'-=_
<br /> . ,•.. ; --=r_ .
<br /> , .j_•. ., (ii) �he amount oi my monthly payment followinQ the Change l7ate; ,t.,,
<br /> � (iii) ony additionel maners whi¢h the Note Holder is required to disclose;and ���Y��—`
<br /> .. '�r:.�:_
<br /> ' ;,�,5: (iv) 1he addraa of Iqe aasociatlon you could contact reQardfnQ pny queations about ihe adjuslment notia. i����
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<br /> �';v,�'. B. CHARGE37LIENS •� ��"f;i,•��
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<br /> ' ' Uniform Coven�nt 4 of the Security imtrumea is amended to read as follows; �
<br /> 1. CYuAa;IJau.Borrower shall pay aU taaa,ussessments,aad other charges,fines,and impositlons attributable to the Propeny which may p��
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<br /> � • �• ' attafn a prbriry ove��his Securiry ituttument,and leasehold paymems of ground rents,it any,in the manner providcd undu par�raph 2 hercot � i' ' •
<br /> • •���':�,;;; or,iF not paid in such manner,by Borrower making payment,when due,directly to th¢payee thereof.Borrower ehall pranptly furnish Lenda �t•
<br /> ' ���� all notica of amounts due under this paragraph,and in the erent BurroMCr.rhall make payment directly,Borrower shall promptly furnish to j ,•.
<br /> Lander receipts evidencing such paymentx. Borrower chall promMly dnchrrge any lien which hrs priority over this Security Ins�rum�m:
<br /> however,Borrower chall nui hc reywriYl to diuharge any +uch lirn ,o lang a+BorroKer:la) shall agrcc in wriiing to�he p�ymm� ol'tAe '
<br /> � obligation secured by such lien m the manner accep�able ro Lcader,(b)shall in guod t�aith contes�such lien by,or deknd agsons�enforcement of ••
<br /> such Hen in,kgal procceding�N�hi�li in�hr apimon of LenJrr o�xra�c w prevent�he enfurcemem of�he lien or for(eiwre of the Property or any
<br /> part thcreof;or 1�)�hali secure(tum thc holdtt oi such lien an agreemeot in a form satisfactory to 4cnder subordinatinQ such licn to thn
<br /> Security Instrument.
<br /> If Lender determin�K thrt rU or any part uf thc Pru�xn�i,,ubject to a lien whi�h may attain a pnority uver Ihis Securily Instromen6 �
<br /> �....�...�.0 es.,.u.,..,,,.,...�n�v�.•.•�d�n�ir.ina curh lien.Nnrrower shall sausf�•such litn ot teke one ur morr of the nctfons set forth abovt '
<br /> ---- — withfn ten days otthr Qiving of thc notice. . . .
<br /> C. NOTICE
<br /> . UniFo�m Covenmt 14 of the Security lnstrument is amended tu read as fullows:
<br /> 11. Notlee.Except for any notice required under applicAble Inw to he gi�en in another manner,l�+)any notice to Borrower pro�ided(or in this
<br /> Seeurily Instrument shall be given by deli�ering i�or by mafling i�by frst.lass mafl�o Borrower at the Praperty Addras ur at such othtt address
<br /> as Bmruwer may desfgnate by notice Io Lender a+provided herein,and Ib)any ootire in t ender�hall be given by first class mail to Lender's
<br /> address s�ated herein or to such other�ddress u Lender may designate b}notice tu Borrower�s pru�ided herein.Any nohce pro�ided for in this
<br /> � SecuNty Instrument shall be deemed to ha�e been gi�m to Borrower or Lcnder when giren in the manner daiQnated here�n.
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