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<br /> . . . � ., ADJUSfABLE 1tATE RIQER '�,_ ; _� .
<br /> � � �. `t1 vur"ti�e.wrs M/e��-ld1E Gri-�41e c..r:nt.�,orq�rl : -_
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<br /> , � ' �THlS AQJUSTABl.E RA1E R1D�R�S nNde�n� Ztst a.y a . F��aa�cx;, :,�,
<br /> -- 19 92`.•ea is uiewpor�tat isto sna sMN be aaeinea to.�nena a,�d su ry��thc Mort��;o�i�T�t ,
<br /> a Secwitp Daed(t�e"SawFity t�trumeat")ot thc s�nrc d�te d�r b�r the u (�hs°9qlRpwi�.r"-)�:�e.
<br /> - ` . Borro�►er•s Adjusta6k Rate Nvte tthe "Notr"�to =-=-= �` .
<br /> -- ------- �--- �co�ut�lls FEDER�L�s�w�tVGS eAt�c {t�..�+ar�',t�r�i�` . -
<br /> -�-- _ '�same daee and�orertet the oropatr�de�it�edin the scauit�t�meRt�t�ted ae:-. ----- - — .
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<br /> 4211 LARIf�T PLACE ' GRAND ISIaNU, NE b88O3 -
<br />�'f;: . � • . , lP�v/�!1 A/�wd.. , _ .
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<br />- . THE NOTE C0111tA1N8 PROYISi0M8 AttOWM10�OR CHAMQE$1�Tt1E M�IT�R��.NA�F�':'=; :
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<br /> � AND THE MONTHI,Y PAYIiI1Q�iT.THE NQTE LMAfTS THE AMOtNkT'fHE��MM��`s� ,`
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<br />.. • .. .ADJt)STAe1.E IIrTEAEST 11/1TE CIIN CHJIMQ�AT AMY ONE.TMiA�:A1MD�tl��,A,A�(�I�l�If_�:�:�`--- ------ -
<br /> RA'f�T!�SORqOWFR MUST PAX.THE NQ7'E AL�O COIItTANrS 11�f E'lPt10N7d� .��t;;;
<br /> . � � TtiE Aa.ItJSTIIeLE NATE TO A FIXED It�TE. ,
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<br /> -- '�-�-� . � AOlNT[OMAI.(7dVENANIS.ln�sWition to the.coven�nls snd aaeement#made in tL�.Saqulr�`a{'A�I�� �
<br /> . - .Bocrower aad l,enda[�trther ooveawn�t.�Mrce as follo�es: .
<br /> �;�X . ' . A. AWl1S7AlLE MA7'�ANO MON7NLY rAYMFN7'CHANCF.S ��.. �
<br /> _ ;.=.. The Notc provida for�n iaitisl iMaat nue of , 5.5000.: �llr.?he Nata,txa�ti�t�4�.t�!� �
<br />� � �'.: � in t6e adjustabk iMaat raie and the mont6b M1mCMt.as[o1foN�t: � - -
<br /> :!l'43.- ' -
<br /> ' .;_•,,:;.-_... . . I. AWt1STASf.E tN'iE1tEST ItATE AI�D MQNTH�Y►AYMENT CHANGFS.,�. . _ :..- - _ _ _ -
<br /> ` `~����. The�bfe iMerat nue!wili p�y miy chmse on the ti�st dsy of Ma�rcl�.. � . ��'�
<br /> L:±�`�: �'`;:. �.` tq `?� j and on th�t dsY every t2th month thera(ter.F.�ch d�te on whicb my.�d lusts h t��int�l s��,cop l s�d a n� ��---_-
<br /> �-rt�;-k :°L is wite�a"Ctan�e�lite.'• . . �-- ..-"
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<br /> �;c::_`��r;� '(t)`[Tit i�ie��. � . ,...:. - . ��',
<br /> , �+E=tz `;. Beaimm�ina.��ttic Che t'nst.Ch�n�e Date.��djustsWe fiate�a�t�tt an't�be based an.�tn lt�d� :'tTie"1+�"is�he -- .;
<br /> - -�'� . ...-,. i �. �•_.
<br /> -. , wat�[g�ense�ont�nitedShtesTre�suryseecuritee��diustedtoseartsl�r�tn�IufitrotJ��7jtpkr.a�m��bk �:. ....::
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<br /> �` � by the Fe�krat Rserve Bou�.'�'he most recent lndex ti�are�tvailabk u ot Ihe date43 d�y.s be[��4�C�i�c 1?��e , -:� •�"''
<br /> ' ;' ; . , is calted the"C�'ent lndes." . .. `� : ''.':`` _
<br /> ' •.,.•��: . tf the Inciez i�no lonser svailabte,lhe Note Hotder wiU choose s new inde�r whkh i��+�s�4 upon camp�rabk . - ,. =:�-
<br /> ' '�' ' information.The Note Hdder will aive me notice ot this choke. . �� ' ,�- �
<br /> . ,. ��
<br /> . � tL7 C�Ic�hlio��t Cla� . -��.
<br /> � - � Before each Chsnte�ate.the Note Holder will picutate my new intetat ate by addlnit„ , � ���
<br /> . .. � 2.7500 Oerceatsje points t 2.7500 '1fil��o the Cunent tedex. , • ;�'
<br /> - �` • � The Note Holder�vill then rcund the resuit ol this sddition to�be rtearest onad�hth ot ona petotaufr poiM t0{2S'!i). < ���. � . -
<br /> - . Su6ject to the tlmib stated in Seetion 4lD)bdow,thi�rounded amaunt wil!be my new inte(at nte:until the nent � . , -_
<br /> , � Chaqje Data '
<br /> ' � The Note Holder wiq ttKn detennine the unount.oC ihe monthfy pryment thst woutd,be sutticknt to�g the � �: :. �..,.� ��
<br /> ;•�°�'•=I�Y• ` unp�id prtncipal that 1 tm expected to oMe st tfie Cba�e Date in tutl on the matarit�,d�te�t my.uew inte�at nte , , .:::�,�.. _';�
<br /> , ��`�:`�-``�� in su6stanNtlly eqwl p�yments.The resutt ot this c�1cul�Uoa wltl be the new imaum,pt rtry�nonthiy�p�gn�en� ° � �.;:
<br /> . �=Y,;,�.'s. ,' .
<br /> _�Y;�,�.� �tD) Ll�iq o�I�le�l Rste CM��es r
<br /> • . The interest nte 1 sm reauired to psy at the iirs�Chanse Date will not be sreater�ha�t.,, - 7.5000 96 `;�''_ �•
<br /> �"'� : � ar[ess than 3.SOaO �1i.Thereatter.my adjuuabk intercst rate wft!.p��be incre�ed ar decressed ' �
<br /> ' � ' . �.r en any sin=le LY�anse Datt by more than two pe�ccnta�e polnt�12.0li)trom thc:�ate,pt,lnterest!hsre been psyins � �
<br /> � � �:1: � for the precedins 12 months.My interesE rate will never be arater�hace !1,.5p0� !�,which i�calkd
<br /> `� the"Maximncre Rate". ' '
<br /> � (E) E(fecli�e Date oi ChaKe� � .
<br /> � � � My new intereat nte wiii 6ecame ettadve on nch Chanje D�te.i will pay thramaWqt,uf my new monthty pox�� �
<br /> bedinnins on the[irst monthty p�yment date after the Chanje Oate untit the amaunl,q(,my mon�hty psymen�dran�es ; .
<br /> . . � , aaain. ..
<br /> - � �.' :1 (FI.Nolke�E CMs�a . -
<br /> �:�,`,:.�- � • � . •} 7he Note�tofder w111 detivet or mail to me p notiee of�ny chansea in my adjuiiable int�rfst cate and Ihe arer�ant
<br /> � ���'�:,.• ' '� ; a(�srY monihly payment betore Ihe etfec�ive d�te of any chin6e.The.nodce will include informa�ioa required by tsw `:�
<br /> � ' . .; tobc diven me and also the title and telephone number of a person who will answet any quesHon 1 may have reqrdina ,
<br /> . �he notice. �
<br /> �. ,� ' . B. FIXEU tNTERF3T RA7E OI'TIUN � � �
<br /> � �� The Note provldd tor the 8orrawer's op�ion to convnt ttom an adju�tabte.interest rate wit6 intere�l rale limits . �
<br /> � � ' � to a tixed interest rate,as tollows: . - � '
<br /> � � . . S. f{XEU IN7ERF.S'P RA7'E CONVEIL410N UPTION . ��
<br />" � ' (A) OOHos.to Co�rsN to flaed li�te � .
<br /> ' �. !have a Conversion Oplton that 1 can exercise unfes�t 1�tn in de(sutt.or �hh Sectton StA)wili not �+ermit me
<br /> � � to do sq.7'he"Conversion OpNon••i�my op�ive�o convert the interest rate 1 am required to psy by this Note from - • � �
<br /> � � � an adjustabie rate wlth interest ate fimita to�he tized�ate e�kutated under SecUon 3�8)betow. ' .
<br /> -- --�.._=-�-f- ---=- ' '
<br /> ' . � � The conve�s#on`qn onty take ptacc on�daie(s)apecflied by ifie Note.Hoider durina ih�ptri�beainnin��ot� - - �.
<br /> � . ' �he iirat Chanse Ottte snd endinr on ihe 8fth Chanat Datt.F,ach date an rrhicM my adjusta6k intecest nte can eoaven
<br /> ' � to the new lixed rate i�adkd the'•Cvnvusion Uata"
<br />:- -� - � _ - -- , . _ __ _ _. _ _ _ _ .
<br /> � _ . ' MULf1S1KTE AbJtlll'ANE 1tATE 1YUE11�AlIM NAM S7-Singte FirnNV-Fa�MN Unita�n Mibun+�+t iann 311�t�� �
<br /> ' . .�� � , ��ftSA�s»r = -v�ruoeiWUSr ronMS•qtrm�roo•reeo��i+ttl+ _ - - �-- � .- •.. .
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