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<br />LOAN NUMBER 210530225 "RENEWABLE RATE MORTGAGE"
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<br />THis MORTGAGE CONTa1NS RENEGOTIABLE INTEREST RATE AND AUTOMRTIC RENEWAL PROVISIONS. THE INTEREST RATE ANO MONTHLY
<br />PAYMENTS AP.E SUBJECT TO ADJUSTMENT.
<br />rats MORTGAGE is made tots 22ND day of SEPTEMBER . is $0 ,between the Mortgagor
<br />KTBK G. ARNOLD and ?fANILA D. ARNOLD, husband and wife, ittarein"rxurower'7.andirteMort-
<br />ge9ae. STATE FEDERAL SAVINGS AND LOAN ASSOCfATION, Home Office, Beatrice, Nebraska, a corporation organized arq existing under the taws of the
<br />United Stales ai America whose address is 201 North Sixth Street. Beatrice, Nebraska therein '-Lertdsr"). /
<br />WHEREAS. Borrower is indebted to Lender in the principal sum of ~ -
<br />NINETEEN THOUSAND TiFO HUNDRED AND NO/100th douarstsy`lg2.~gg.,.gg__J.
<br />which indebtedrtass is arM shah be evidenced by BorroweYS Renewable Rate Mortgage Note antl renewals ihereo! dated Sgp(EMBEI~ 22 tg BO
<br />therein "Nate'1. prwidirtg for monthly installments or principal and lrtere5t, wftn the balance of the indebtedness ii not Sooner para. due arts payable irutiatty
<br />on OCTOBER O1 19$3 ;The Note wilt be automatically renewed at equal Renewal intervaib unfit the entire inetebts6
<br />rasa evtdertced Oy the Note is wily paid on OCTOBER O 1 2010 :oath Reneteai Loan Term shall be lM same tength as [rte initial Lmn
<br />jean rase arty Extended Period. !f tM Initial Loan Term has an Extended P¢rbd, then the final Renewal Loan term is ratluted by the tengtn of the Extendetl
<br />Period.
<br />DEFINRIONS: ~ '
<br />ittlBN Lean 7afm-That paned of timefrpm and including the tlate of flits Nate to and including the day 35 calendar mgntns 7rom;he date of this Nate.
<br />F.xtstgsd Period N initial lwn Tmm-That period of time n0 ipnyer than six (6y GaLndar months wnicn, .nr bookNe¢P+ng purposes, precedes the day on which
<br />~, Ilia Original trMez Rata is tletarmined thereby making such Initial Loan Term mature with oilier such loans on ;rte soma day 5 calendar months from
<br />[he end of such Exte+tdetl Periotl. It an In ltidl Loan Term has an extentled penotl pursuant to Ihi,s tlafimtipn, then mat:al Loan ~erm means that period of trine
<br />firom and inolutling the date of the Note. to antl Including the tlay 3(y calendar months from the tlate Ot tee NCI{e. plus the iengin of any Extentletl
<br />?enod.
<br />Renewal lntemf-That penotl Of time equal Io the length of the Initial Loan Term :ass any EYtentlad ParlOtl of such Initial Loan Term.
<br />'~ TtaMwel Loan Term-That penotl of lime baginning on ma first day next following the antl of the Eninal Loan Term entling 35 calendar months later.
<br />For purposes of renewals subsequent to Itte hrst renewal of this loan. Renewal Loan Term !-leans that penotl of trine beginning on inefirst tlay nett following
<br />tneendoftheimmetliateiypretetlmgWantermandending ~5 talentlarmonthslater.IithisloanhasanExtendedPenotlO7thelnitialLOanTelm.then
<br />a5 to the float 108n term, Renewal Lean Term means that penotl of lime beg!nnmg en the firs! Oay next ivuvwing ilia antl of the immetliately preceding loan
<br />tarn and ending on the maturity day of the Mortgage.
<br />Nettie Pedgd of Rerrewei-That penotl of time at least ninety (g01 tlay¢ before the lay day of MP. Instal Loan Tarm or Renewal Loan Terms. a%cept tot the final
<br />Renewal Loar. Term.
<br />Renewat NoNCe-Written notice, acvording to the form presented by federal regutahon ~ t2 C.F.R. 545.6 - aalel(igCSOfJ to be sent by the Association to the Bon
<br />rawerys) at least ninety (90) tlays before me last day of the Initial Loan Term cr Renewal Loan Terms. except far the final Renewat Loan term.
<br />Inde%-The Monthly National Average Mortgage Rata Index Fvr Ail Motor Lerdgrs This Index rctleCis Ilia contract interest rate on f he Vurchasa o! previoosiy
<br />OCEUpled homes a5 GOmpUied by the Fedarai HCme LOdn dank BoarC anC pUCi.`h¢d mvnih[V !n i!IB Fbtlarc:i Hpma Labn Bank Board Joumel 1Tatlle ~ ~.tl
<br />Original lrtdsx Rale-The Index rate aS tlet¢rmmed on irlC 11rSi say of Ilia Imhai Loan Tarm. It the intial Loan Term nos an. ExiCnded Period, ?>'r Jriginal Intlax
<br />Rate means tY,a inda% refs as dstarmin i vn the first day of tna inlha' Loan Tarm p:Ue the nump8r pt days ;r: ilia Ezte.^.ce,^: P-.._ ... - - _ _= .. = 0n~. - -
<br />pe%Rete must be ine 4ndex rats a?!ailetted!n the must recent Index made avdriiabiC by the Faderai HOma Loan Bank Board whgthgr Or nc'.alna most recent In-
<br />day na': k ~ r„tW:!a;iy _ :ki9hW ir.:he fgda€8i H3r?a LOsn Bank Baa;d Joe:Yna#.
<br />t7t!NRai Inia148t r~bf8-Too inieresH rate !n aifec: canon ilia ih!?rat ipso Term.
<br />Rnnewsi Irtde%Aete-The Ingax rata as d¢Sermined ai fns lima ins Renewal NptiGe IS Beni to ln¢ 80rrOwen S) tU! the nazi Renewal Loan Term. The flenewai in.
<br />deX Rela must be the IrWex rate as re!ie~.ied in the mast recent index matle avaitable Oy the Federal Hnme loan bank board whether or not the most ie_eni in~
<br />tle% has bean otf!cially publi5hetl in [rte Federal Nome Lwn Benk Board Journal.
<br />Renewal Intsrsst Rats-The !merest rata in alieact tlunng a Renewal Loan Tenn,
<br />When tnelmtiei loon Term or any Renewal Loan Term Is retuwed, the only provision that may he cnang¢o in the NOTE or in Ilia MORTGAGE is ilia contract
<br />int8raat rate, including any change m thq amount of the monthly installmems of printipai 9nd rntere5i neC.essary tv amortize a loan w Iih Ino came principal and
<br />M the eame fntefesl rata over t4 remeintng term Of tots MURTGAGE.
<br />At laabt ninety (96j tlaYS babre 1M end bi the iniilaf loan Term and any Renewat Loan Terms, except fo! lho Ilnal Renewal loan Term, the Note holder shat I
<br />send the BovowerisJ a Renewal NOilte wmm~ states, among other things, the Renewal Inlarast Rata and haw monthly Ins[alimanl for the next Renewal Loan
<br />Tarm.
<br />ilia Renewat fntereat 8818 for a Renewal Loan Tarm snag be nosed on the mnv¢ment in the Monthy National Average Mortgage Rate Intlex for all malty
<br />ientlafS. Tn18 Index r@il¢ctb 1M16 port Vatt interest rata on ins purchase of previ0u51y Occupletl homes a9 computed by Ihq federal Home L tan Bank Board antl
<br />publtsned rrmnthiy in tna Fe6bral Roma Lpen Bank Bosh Jewmai iTable S 5.ti,
<br />7tie Renewat intgrasl Hata for a Renewat Loan Term Shall im caiCUiattld .n the Yoiivw!ry manner
<br />i. Tne rfitfsrsttgs must rte round Oetweon the Renewal Index Rate and me priglnaT Index Rata.
<br />~, The 917a4'ESta€ i ~>Lrvt - _ ,_ ,g a'ra,^ •^ _ .. .:~_ - =.- f .- . _.:~ _ I-, v`:y e!a ;':1=:c-t Rai-
<br />3 Ttx t~aaa toand in 2 ab.^,ys :s :.hp flansv:a: Intares: Rata io:Ira rsxt RCngwa: Lean TCrm :t ,..- ,,..- nca t,etwc.;rr roar hgurs
<br />antl tii9 interebt rate for Ina Current Wan IHIT. tlp¢> not exceed ins intergs( rate nmitahcns staleA belpw.
<br />a. it ins ddtbfanta batwa@n foal itgun and ine in}ereSt rata for ins Curren) loan Iemt tlca9 not Ox GOatl Ilia Interest rata Ilmilallons
<br />8tata0 bBipw, roan the Ranz,wdi inteeeat Pate to: the next Renewal Loan TCtm Is m9 InterasC rate Wr the current Iofln lend plus
<br />tit en InCraASbi o* min!:s jri a tlecrtls5ej the maximum int!eas¢ O! v+ecrease pamtllla0 UolOw.
<br />Tt,; (n;xlm:1~. 1hiaSgYl :3.d ingr5as:a rH ::gG:gaSo %3 C+ra~natf pf one porCVni {U 5"et p@r Yr-d• rrufirpirarj yy Ise nurn GVrr of Years In rho loan trrni
<br />kt fW fling during ilia term at to+S MORTGAGE may Ina maxrmurn intefe5t rate Increase ur de::=ease Ca yi¢ate= or less roan nog pCi cent t5".:1 tout or umisr ih8
<br />Uftgirwi tnteearmi Rete.
<br />--lmereai rata dstroalpaa from ih8 preylous loan term ere mandatary Interest rata me,e+ases nom the p;enocs loan term era Opnor:ai wrtn me. assccmuon
<br />TO 3ECifR& TO t.ETiOEA ta; the taPeymaext of fro inotkbtedriass ev:g9nceu by the Nett, verity rn:er¢si tnareo^.. t^.¢ paytran! o' alt a?her Burns. won mteresi
<br />t. Yapfi aC---3 n a -.~rdar, x- ha - to - ~ p a,ecr ilia asGUr ty nr t .fo Sag a -- e pe s o v . t .tl g e t B n r
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