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<br /> ` �ADaiJ�TABLE ItA'�'E RIDER �
<br /> � . (1 Yar�ry is�a�Rste Cap—Fiud ltste Coartrsto�O}tiow} � , .
<br /> � '!'IiIS AD)USfABt,E ttATE RII1�R is made th�s�aTH day of JANIIARY .t9 92 .and is
<br /> � incoipasated into and sl�a116e deemed to amend and suppleinent the Mortgage.Deed of Trust or Sectuify Deed
<br /> (the.•.Securit;�Instr�mentT'1 of the same dau given by the uadersigned�t�"�nower")to secu;e Borro�rar's
<br /> _�.__.� --`-- -- - p��k Rut�Note�the••Not.a�-to_—NCJ�WESLMCtRT.G9GE-•—LNCo_s.=.A M�NNESOTA __
<br /> - _ - ----- �-----.—_____
<br /> + � CpRP�RATI QN (tha"Lender")of the�ame date and covecuig�fie propecty desc��i in
<br /> — � the Securicy Insuumenc and tacated a� . • . '
<br /> -- . � . � .
<br /> - � 4706 GUNBARREE. PRAC� GRAND.,ISi_ANU, NE 6£i842 � ,
<br /> _ � [Property,amress] _ —
<br />. - THE NOTE CONTAI[�PRO�VIStONS ALIAMIING FOR cHANt�iES IN THE INTEREST RAYF __
<br /> AI�THE YONTHLY PAYM�NT.-THE HQT�-UNAiTS'fME AMOUNT_?HE B�RROWEii'S � _�- —
<br /> - � ADJUSTABLE INTEREST RATE CAN CHAIiGE AT ANY CNE TiME AND�iHE fAAICIMUM _
<br /> � � RATE THE sORROWER MUST PAY: THE NOTE ALS� �COfNTA1MS THE _ �—_
<br />' � OPTION TO CONVEE�L7F1E AQIUSTABLE HKT�TO A FD(ED RATE. _:�-—
<br /> � �=;_-��
<br /> ADD�T[ONAL COVENANTS.In additeon to tbe cavertpnts and agrecmenu made in the Sesurity lnstrument. ��.-�-�:_—_-
<br />, - Borrower aad Lender further co�enant and agree as follawr.; � _
<br /> 4� . . , . - - �:�-
<br /> =`y' ` ` A.�AD,iUS7'ABLE RATE AND MONTHLY PAYMENI'CH�S � �"'�:��
<br /> ��. :> -
<br /> ` ' The Note pravides for an inidal interest rate af.:b.'�Qt�:`�.'Y'he Note provides the changes in t6e�,�ustable ��f.---..
<br /> �.���;• ': interest rate and t6e montbiy payments.as followK:::'.:. -f�'�_`�'` "_
<br /> . .:::::,:-- ,. -
<br /> �`��'':-'� � ` 4.ADJUSTABLE INTERFST RA'FE ANII MUK�ALY PAYMENT CHANGES, ;�'_ �''"
<br /> . �" •:�,.�. �...
<br /> � ;�.-�:_ �%w��.:: .,. (A)C�wage Dittes ; : ' ::�,: . .'� °�=—��,
<br /> ,� ��., .,1._ • . . ��..
<br /> . w:.�:..:.�, .. �� The adjustable interest rate i wi11 pay may.cF.�ge on:the first day of EF£t�'tUA�tY- tR 9� �� ,.;;;Er,;A„�„�,�_
<br /> . �, -':'`:�µ�,�..�; ," and on that day every 1Zz�i rnonth thereafter.�data ort�!which my adjust�Is�:interest rate could change is ,._ �_,
<br /> .= � �: called a"Change Date.' � .r�-�^�
<br /> ;;i:� ���,.'�-`���"_:�'� ,. , ' �, " � _
<br /> ;. ��a , =� '.':, ', (B)T6e Index _.": ' . ..._� ' "
<br />_ � '' ' •'=�"'=-' ' `" �eginning with the first Change 4Tate.my.udjustable interest rate will be based on an Index.The"Index"is ,._
<br /> ;�;:`t� a � K.'••< _`: ,•,
<br /> • �4,�,.,:',f�-�� . �.�.he weekly average yietd on 13nited States Tres►s�u3�securisi�s adjusted ta a constant maturity of 1 year.as made • ,. _ :• ..-���`_
<br /> � ;i`!`�i'�'.. '`. ' �::ailable by the Federul geserve Baard.The nio.strea:�i Indea figure availabte as af the date 45 days befare each , _
<br />, . �_ :, � .. .• !�:
<br /> � � ....�ihange Uate is called the"Current Index." � �r � "'�
<br /> �`�"��` � • � . `��`. . 's tta lon er avuilable. the Naie l�,atder wil[�choose a new index that is based upon ca�e;arable ;-.�_
<br /> ....'r' ,�,, ., . . If the mdex� g . , �
<br /> . ''-''��", ��'-� information.The Note Holder witl give me notice af this chnice. ' "
<br /> ,-;��p`
<br /> � � ` � ` � ' (C)Catculs�tion af Changes • ' 'r`' s
<br /> - '�`"`��`" � Beforeeach Changc�ate,the Nate Holder w`�.►f calcutute my newinterest rate by adding 2.7`�U • , ` ��_
<br /> .�;.a. .-� . . _
<br /> . _'_�Y:, ,.. �. ` ,,,;.� •• �ercentage pointsl2.7�f� °!•1 to the Current lndes:. Tho Note Halder will then round the resutt of this addirion ; ___
<br /> .�`•=.='=��.:'� !� to the ncares[ane-eighth of one percentage point IC►.(�5`k).Su6ject to the limits stated in Section 4(D1 below,this --
<br /> '�',�''' '�!�� � rounded amount wil l be my new inte'rest rate until thc next Chan`�Date. � , ._-- _
<br /> �` The Note Holder�vi{I 4�_n determine the amou�i�:uf the moc�F�iy payment that wautd be suf�cient to repay . .. .
<br /> � � � _
<br /> ��'`'� " r ° • � . 'the unpaid principal that II as:�expKcted to oa�e ai itie�.13tl�e�Dat�in full on the Maturity Date at my new�nterest � �y . �-
<br />;.,. � �'?'��• ` rate in subst�ntially eq�a}payments,The reyulr��f�3i�i�;.atc:�tzt:on will 6e the new amount of my mo��ty pay- f • ; .•� �, �
<br /> J � ,ti+�:` ;s. ._
<br /> . .. �;:� . ment. t � � : �� ';�,.
<br /> (D)Umits on Interest litate Ctrmges �"`�
<br /> A�./:�:. ' , ; . r._,.
<br /> .,:,..,,
<br /> :'�?4C'�-'�'�� : ' ;��';S� , The interest rate I am ceyarre�tm�ay at the fir,r•t Chimge Date will not bc greater than B.�O�l/r or less ; ';��.l•�,�''
<br /> � .�.� 7.h:_...;' , : -;•
<br /> �:;•-�j�;;:f�. -"� than 4.5U<� �le.There�fCer.�ny ad;:rstxble interest rato wilt never be incrc�u�ed�r decrea�ed on any single Changa Oate .
<br /> c
<br /> � �.:��,�i'"•�•'v..� ' ,'���� by more than TWW percetttage point("sM i�:�/)Prom ch:satfl af interest I have be:n paying far the preceding IZ months. � ` y��. .
<br /> ` . -.�:�• .� My interest rate wil���iever�e�r�te� sh»n.�_���<-''/�. �vhich isc:►ltedthe•''�'�raximum Rate." ' . y.'
<br /> .: ��'.`.. f . ,�•�Is':
<br />, �:�. ''�. � ��� � (E)Ettective Ds�te o�Cl�nges k
<br /> - , ,�•:,,.:.; • , • My new interesi rate wiil become rffecrice on eae!s Chan�e[�t�.l w�ilD pay the amount of my new monthly ,
<br />' • :'r:;;;�� , payment beginning on 1Fr:�nt monthty payment data af:er the C�ange dace until the amoum of m��monthly i ;
<br /> ' •��`t�`. payment changes ags�in: . ;
<br /> t. �, • ' ' (I�1 Noticc ot Chan�:s . � .'
<br />. - ' . � ;.',�:;. The Note Helder wiil'deli�•er or m�il to m�3,nntic�of an� changes in my adjustable interest r�te and the , ,
<br />• amount of my monthly payment bcft>rc the effe�ive daie o�`ass� cnan�e. Thc notic�wiil inclnde'infarmation ��..
<br /> �. � required by{aw tn bc�iti�en me 7nd�tu�iha ti�l��it3 tetephone nurnber af a per�cin who wi11 an.rwrr an}yu�stinn ,. �
<br /> ,k;;"r,T;;ay: � ;��I 1 may hase rcgurd'vt�Z the cu�ci�:e. . . ' �r . . �.�
<br /> ��-;,�.���'�,�� ;:i�-�:.,� . , ,
<br /> , ' ' ��; B.FIXED 1N�'EKI�:S"f'BATE UPTI�� . .
<br /> � �� ' �r�'�• The Note prnvi�ie�for the Borrov�r��o}�tiun u�c��ncert franl an adjuvwble interest rate with interc�t rate . �
<br />" .... `�`'��'".',� ' � . limiey to a fixed interest rate.:�s fnitn�vs: j . �
<br /> , ..�;�;;;'<;s�.._
<br />.- .:-iha,..-.;, -- - 5.Fi1�iED i1�'i'E�'1'1i.�7'E CONVERSIUN l�'170N . ` � . .
<br />� �,.�,': � t, .� � t' (A)Updoa toCanv��t ta�ixed ltate ` � .
<br /> ��'`�'� � . 1 hvve a Conversion Option that 1 can exercise untrss 1 am in�efuult ar thi±5ecti�n SIA►wilt nat prnnit �
<br /> ' .%:,,.`. • � me to da so.The"Canvrtsion Option' is�uy upiinn to camcsl thr intcrest rate!ant reyuired to pay hy thi<N��te .
<br /> , . . °f;;'•":'�' � ' fr��m un sidjustabla rnte wifh interest mte limits ta the fixed r�te c:+lculated undrr 5ertinn SIB►bei��w .
<br /> _ ..:.:z._,: . , •
<br /> .__..���_---. . . - -
<br /> -,."�. - . , - ' � " Ti1e coriVefsiesfi ea0 a0ty tafce p}ace vn u dafcfsi��ifir�by ih����e 1���lcirr clur'sng!he-pecit �u�ng�a _ . %_.____----
<br /> !� '� ., the first Chan�e Oute:�nJ ending on the flfth Change date. Cach dute��n which my adjutitable intcrest rute can
<br /> ' �` • cnnvert tnthc�ne�v tixed r.�te is called the"Cnmrnion bate."
<br /> ,
<br /> ---- — - - �.__� KULTISTATECONVEAYIBLEADJU9TA8LENATEHIOEH—AiiM/1AN57—S�,�tsfam�t�=ill�aTrra�utphi�s�ffne€tMwUMtan�ttisftumiMWnn3fttfll4 _ F .
<br /> , NMFLS0683A90 �r+�r��,•�.lvz`•� �
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