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<br /> '=�:` ." °.� .'a �� AI)JUSTABLE RATE ItIDER 92 �,U 1"���
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<br /> ���,�. � tl YauTraiury lodex-RateC�pi)
<br /> -�"4S..7L7i!{�7"�i�'.ti�
<br /> ,�i� s 28th � FebruarY -.19 92 �
<br /> THIS ADIUSTABLB RATE RIDFR is m�de 1h1� y o uP
<br /> "��L�:�1' .r . ; ' �nd I�incorporned fnro�nd shall be deemed �o�mend and �upplement the Mort�e. D�eed of Ttwt, ar Saurity Deed(Iha "Sav�ItY
<br /> ` ._.,r.a:.a�°_: . '`
<br /> . �.i �^;. .;:, Instrument")o/the�ame dwte�iven by the undad4ncd Ithe"Borrower")to securo Borrowe�'�Adjust�ble Rne Nate(�ha"Note")lo l�OM,I� o�
<br /> 4�����}i•:�: .,. .....�.n�,wuT�nu na ea�wD IsLAND.N8BRA8KA phe"l.ander")ot�he wno d�te�d coverini We `�'��`
<br /> „ ..�.,.... �.......
<br /> �1 ..... F4ua�w�a..�mw��..............Y - --- - --
<br /> '4: . : ^ , � • ptoputy desctlbed in the Sccurity In�trummt�nd Mca�d at: '�'°"
<br /> � ___ ,.�. r
<br /> .. • . . �- --- - -
<br /> ""'fM''''��s` � 2305 S Auguat Grand Islend. NB 68801 —
<br /> �o�,°�` �.�' -- —
<br /> � %h r ✓k� �Pro�erty Addreu) _— -
<br />-- ' "` • . � rils�ote ca�ulr pro�WoM�IIow14 1a cM��a I� My I�te�w na�M wr wo�WS --
<br /> . �� , p�y�e�U.TY4�ot��o Ilwip lM��orM mr Ulensl nle c�r cwtp�1�q we Ilw a0
<br />�F' .. • ,' rMo�Me wWs�u�/1Me�aw na 1�a P�f• _��-- ---
<br />�. .,.:��;�,ev,r� ... e._�.
<br /> ' ,r: , � ^ ADDITIONAL COVENANTS.In acWttion to�he covenanu and�amenu m�de in 1he Secu�ity l�atrwaa�t,Bonowa�nd Lafdat �
<br />�: ; • `+� further rnvenant and apree a�folbw::
<br /> :`�+� 'I�MI L.V�M(� �'I�Cf__�.._—
<br /> � • A. INTERE4T MTE ANQ MONTHI.Y PAYMENT CHANCFS �`-.�,,,,�_,
<br /> ,t.��'•�• The Nae proWda to�m initial Inlerat rate of 8•0 9i.Section 4 of the Noto provida tor cliu�a in tAe intarot rata�ad the
<br /> -. _-----,bs,�.. monlhlYpaYmcnts��stdl�wa:
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<br /> �Y'i ��
<br />+ na^"' ;, L� �. /NTER�ST RATE AND MONTH[.Y PAYMENT CHANO�S -�
<br /> �, o , lAI CYuRe 11�1eu
<br /> � � The intcrat rote 1 will pay may change on the flrst day of aDri 1 19 ������"�
<br /> , 93 ,ona on tnat aay evm �`.
<br /> �g�1 ve m o n�h s t h e r e a f u r.F.4 c h d a t e o n w h k h m y I M e r e s[r a t e e o u l d c h w n�e i s c a l i e d�"C i w�e Dote." —__
<br /> ,. � — ` -
<br /> (Bl TYe Udt�t �:'`�a�l
<br /> ' a.� ..� BeRinnin�wilh the firs�Chan�c Ua�r,my iwcn�t rate will be based on an Index.The"Indea"Is the weekly avera�e yleld on United Stata �-----
<br /> • . � Treasury securities edjustcd to a wnstcnt matu�ity oi I year,as mode avuiloble by the Federal Reserve Board.The mat recent Index fi�ure �.�s�
<br /> � n ' avaflable as of�he date+3 day:before each Change Da�c is callcd the"Current Indea." A" "`�=-�
<br /> �L:._",y
<br /> , If the Index is no IonQcr avaUabk,the Note Holder will choose a new indea which is bas�d upan rompwr+blc fnfornwtlon.The Nate __
<br /> � "r•=� • Holder will Qive me notk�of tMs choice. —.
<br />:_ . _�,., .,�--��-�,�-"--�-;--=-- , — - -
<br /> � �.�,� � (c► c.knl�uo■orca.n�a �-�.:°��
<br /> :',���,�... thrPP and 1�2 perantaeo �r��*?�,
<br /> - � Before each Chan�e Dwte,the Note Hdder will alculote my new interest ra�e by addinp
<br /> , ... • poinu( 3..5n �h)to the Current Index and rounding to the nearat I/8th of Ini.�ubjce�to the Ilmits a�ted in Section 4(D)below. - -__
<br /> • ::i;•�, • Thf�rounded tunount wlll be my new interest�ate until�hc nezt Chnnge Date. ---
<br /> •„':'�' The Note HoWer wiil ihen determine�he amount of�he monthly payment that would be sufiicicnt to repay in tull the principal 1 am ��_:.
<br /> n �n ��� expected to owe on thal Changc Date in substantially equal payments by the maturity date at my new intrrc+l rate.The rdult of lhis cakulaUon —_��
<br /> will be thc new amount oP my monlhly paymant. ���'
<br />, . . ,,
<br /> ' � . � .. " � .. (D) l.lml4on I�teral R�IeChaga .'
<br /> 'fhe inreres� rAtc 1 am required to pay at Ihe first Change Date will nol be greater �han �n n_-W� ur lesi than _
<br /> � 6.0 r•,Thercafter,my inlcrest ra�e will never bc increased or d�tireused on any ginale ChanW:Uaic by more thnn r W^ ' _
<br /> '. �—P��-from the rate of intere��t have txen paying Por the preceding twclvc momhs.The minimum inurrs�ratc on lhis loan wiil never be
<br /> ., .s'-"
<br />' o•0 _ni and the maximum interat rale wlll never be 4rrater than_13.0 �, {;ti, s.F�.;ti�``
<br /> less lhan ---- �,L. __
<br /> •.� ,. lE) Effecqve IAIe ot CA�pQes __, ,_;„
<br /> • � � My new iu�arat rote will become effcetive on each Change Da�e.l will pay�he amount of my new montply p�rneM be�innln�on the fira� .��_��,,:__:
<br /> . ±:;.�•:;
<br /> • �";•�� monthl mcnt dute after the ChanQc Date un1i1 the amount of my monlhly paymrnt chanaee aQain. "�i5��'� �'�''
<br /> . . , ,. i Y PaY s., �41�:°
<br /> . :�7'�;�.w;;•.•_
<br /> • '�':,!i .� IFI NoUce ot CIu�nQa " _+�_,•,+'.:�:��.
<br /> �� � . The Notc HoWer wfll mail or de8ver to me a nMke bcfore each Chon�e pete.The notice will adviu mc ot: ~ �� t
<br /> Iq the new interat rate on my toan as of the Change Date;
<br /> � `.r:t w tMe Chan e Date: �y`^ :`S,�l-�,'�
<br /> i ,,_:: (H) the amount oimy monthly payment follo fng B
<br /> �: . (il{) ony additional mottcrs which the Nate Holder is required to dfsclose;und
<br /> . }�`!,;�. , ' (iv� �he addreu of the association you could contact«gprding eny questions about the adJus�ment nmke. _ ;..�-,�+=
<br /> s��,,f • . • .� . .
<br /> �1I�.., ? _ B. CHARGFS:LI�NS .
<br /> " •'.`, Uniform Covonam 4 of the Security 1 ns�rument is amended to rcad as follows:
<br /> ` 1. Ch�ry{ea;Lieas.Bonower shell pay all taxes,assessments,and other churges,fines,und imposf�funs attributabk to Ihe Property which may
<br /> � � attain a priorily over this Secu�ity Inslrument,and lesuehold payments of ground rents,ii any,fn the manner provided under paragraph 2 hereof I
<br /> or,if not paid In such manne�,by Borrower mukfng payment,when due,d�rectly t�the payee thereoC Horrower�hall promptly furnish Lender
<br /> all notices of amoun�s duc under�his paragraph,dnd in thc event HarroMCr�h�ll makc pnyment dirc�tly, Burrower shall prompUy furnish to
<br /> � � � Lender receipts evidencing cuch payments. Borrower ,hull promptly dischargc uny 8en which has priodiy mer �hl�5ecuriry Instrument;
<br /> ��1,. �
<br /> . however, Borrower �hali ina Ix reyufred to dluharge uny wrh lirn,o long a�Barruwer:lal shall agree in writing lo the paymrnt oF thc
<br /> „ obligatfon saured by wrh Ifrn in thr mann�r actcptablr��+I.enJer,lbl+holl in g�Hxl luilh comcst tiuch lien hy,or defend against enForcemenl of
<br /> , such lien in,legul pnxccalinµti��h�:l�m d�r opmnn�u(LcnJer uper.ur tu prc�cu�ihe cnWrcement ut the Gen ur t'urfnt ure of the 1'ruperty ur any ,
<br /> , pan�hereof;or�cl shaD xcure from thc Iwlder of surh I�en un agn�ement fn a form satisfoctory�o Lcoder subordlnatinQ such Iicn to this �
<br /> Security Instrument. _..
<br /> If Lender determine�tl�ut all ur any part uf�hc Pru�xrty fs,ubjeti�to r Uen which may nua�n a pr�on�y over�nis Securi�r imi�u�iK���,
<br /> „ Lender ihall give Butrowcr u nini�r iJentily mg.ueh Uen.Ikirrower shall catfsfy such Ilen or take�ne or more of the actions set forlh above
<br /> � wlthin ten day�of Ihe QivinB of the nuiicc.
<br /> C. NOTI('�
<br /> ' • Unit'urm C'uvcnont 14uf the ti�tiurity Instrument is amenJ�tf tai rcaJ•r.r li�lluw�:
<br /> �� U. NoUce.Except fur uny nutke rcyuired und:r appllcuble luw�n Ix gwen in onuther munner,lul any nouce to Uurrower protiided Ibr in thi�
<br /> , 5ecurity tu�l�uwcnt slwll be gicen by delicenng rt��r hg mnfling��h�•1'ir.��•lu.+m:+�l�a Narn+wer al the F'ruE+en�� Addrest ur�t wch uthrr�dJre.s
<br /> us Borrower muy designntt by nutice lo LenJrr u+pru�id��l hetem,and Ih)any nohce lu l.<nJer tihall Ue givrn by firu�In.+moil w l.enJrr'�
<br /> address sw�ed herefn ur to such uther addr.�ss a+l.enJer muY desienatc by nu�icr ro Horruwer us providnl hcrcfn.Any nu�irr pro�iJ�KI lor ro�h�ti
<br /> SecurNy Instroment sholl be damed�o hnvr bern gnen tu Borruwcr c�r Lender when gi�en in�he manner desi{naled herefn.
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