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<br /> - -- �� �;.�.•.ar� - —
<br /> : ADJUSTABLE RATE 1tIDER I� ��u ���
<br /> :� , ' 11 Yw Trauury ladoc•RaM Gpa) 9 L"'� 1 U�, �;.--_.
<br /> -`. . .�C`�.,i X� ' �-e�:-,--
<br /> " � Iqarch ,19 9Z —
<br /> . . � :.� TNIS ADJUSTABI.B RA7E RIDER i�m�de ddt 2nd �y o� �
<br /> , , � . �nd iE incorpor�ted into�nd�haU ba damed to�mend and supplement the Mat�e, Deed of T�wt,or Sacu�ity Deed(the"SecuritY
<br /> � „•d�•• . � . InttrumenN'�or uu wme d�ce d�en ey�ne�naeni�ned(the'•Borrowa")�o secure Borrower'�AdJusubls R�te Nae pha"Note")to OM —...--—
<br /> � ,,. .. , a��ee�u�9�YINOB i LOAN A88QCIATiON OF ORAND 18L.AND.NBORASKI�(the"Lender••)oi the:ame due uid corerins the
<br /> —---
<br /> '= -- - . �
<br /> ' Orcperty dacribed ia tb�Secutity lartrumenl�nd localed�t: �,__-"--,-. __..-_.__
<br /> ' . � 241A Vandergrift Avenue. Grand Island� Ne 68803
<br /> � � (Property Addreu) --
<br /> � 7'� �oft ouddn ProrMlar �..wl�{ tw c4� 1� arr I�laut ntr aM W oo�lily �
<br />� p�f�l�ts.TMb not��4o U�Ip IMt lu�wtl�1r i�tsrnl nlq p�eM��I�wy oN IIIN��d �_—
<br /> ,_ . �Iw tM rWaw ud tYe�nt�1�i Pw• =� - • -
<br /> �� � ADDITIONAL COVENANi'9.la�ddidon to d�a�rovaunu u�d ajreemaeu nu►de iu the&�curity Insttum�nt,Bonuwa aad Lender -°"_-- --
<br /> ' futllxr covaunt ufd a4roa u followi:
<br /> �
<br /> �, . A. IM'FJtFBT RA7'B MiD MONTHLY PAYMENT CHAN(iFS "Y°' ---�""-��.: .
<br /> 77�e Note provida for Rn iaidd interat nte of 8 �r.Seaion�oi�he Note provida for dun�a ia the intaat n�e aad tM
<br /> � moatUlY D�Y�u�u followa: -� - - -' ------`.
<br /> '�' ' 4. INTER6ST RAT�AND MONTHLY PAYMENT CNANOES
<br /> (A) Cy��� ApTi1 .19 93�� .�ndonthatdayevery �` ... �_ ,'ry
<br /> • The intuat rate 1 wfll paY maY ch4n�e on the fint d�y of � ' .
<br /> �� twelue moatin theraiter.Each date oa which my intere�t rote couW chwRe is calkd R"Chan�e Date. �r,,,��; _
<br /> _ ...�,.•,.�.,
<br /> � (o) 1'M I�de� ,.. ;
<br /> ° Bqlndnj wfth tho flRt Ch�e Dato,my interat nta wiU be b�sed on an Indea.The"Index"is tha weakly aven�e yfeld on Uniied Sata „ A.:-
<br /> Trqtury securiAa�djwted to a cautant mRturity oi 1 yqr,ns made avdlable by the Federd Raerve Bard.The mat rec�mt Index tiQure •.:_�
<br /> � �v�ilable u oP the d�te 43 daya boioro each Chan�e D�te i�calkd the"Curcent Index." ' • � � _
<br /> [f the Index is no IonQer avul�ble,the Nots Holder�rlll chooW�ne�r�edex which f�buod upon compuRble Iniorau�don�77�e Note Ld�.
<br /> -. Hvid�r wi8�ive me iiouc�af tt'�c chala. �'��--- -
<br /> " �. .. (C) CakW�tlo�ofC�a �e;�.:r-,r-,::_�-
<br /> Before akh Ch�t►Qe Date,the Note Holder will calculets my ncw interest rwte by addina thrP nd onP/hal f percmtaQe �TM�"`
<br /> a�.
<br /> • � • ���q��j,� �)to the Currcnt Indac and roundina�o the nearat 1/8th oi 1�'i,s4bjat co the limlu�tated in SecUon A(D)be�ow• --?¢:=_��_''
<br /> .���'';f:
<br /> Thi�royadM uaount vdp be my�uw�interat rate unUl the�act Clun4e Date. . . ,
<br /> ' • The Note Holder wIU then determine the amount oi the monthly payment th4t woutd be sufflcient to rep�y in full the prinelpal 1 art► •+� �^•�
<br /> �'j...}n:•�•:'.'�:_�
<br /> expected to owe on that ChanQe Date in aubstantWly equal psymenta by the ma�uritY date at my naw interat rAte.7'he rewlt oi thls alculation �o^�� � ,s
<br /> wiU be the new unount of my monthly payment. , " -
<br /> (D) IJ�Iti or I�MrMt R�t�(�u�a ��-•
<br /> ° s Intetat nte I �n cequired to p�y at the flrat Chan4e Date will not be Qreatcr th�n ?�_.-- or leu tAw� ,
<br /> yi.Therwfter,my intercst rate will never be increaaed or decre�sed on any:inQle Chanar Da�e by more thnn�wo �„t;.
<br /> ^ 2 from the nte of interat t have been payinp tor the precedin8 twclve months.The miaimum internt rota on thl�lan wIU never be ;;;,
<br /> " Ips�han 6 ��nd the ma�imum interat rate wi11 never be preater tAon �3 °h. Y�, • . -
<br /> ,��� c�► �rr�n..a�orca.�. , .
<br /> ' '� My new intuat nte will become eifective on each ChanYe Date.l will pwy the amount of my new monthly paymrnt beyinNn�on the f1rs� .;., _
<br /> " mpnthly p�ymetu d�te after the ChanQe D�te until Ihe amounc of my monthly poymmt chan�es aQaln. �`�"'�
<br /> ' • � � (F) Notice of ClurQa � , .. .. `�:►.`�_-.'
<br /> ' . The Note Holdu wfll mdl or ddiver to me a notice before eACh ChanQe Date.The notice wlll�dvfse me oi: � __
<br /> , (q the new interat nta on my Iwn as of the Chu�e D�te; -�z
<br /> � (fq the unount oP my monthly payment following the Change Uate; `.,'•'�°�•
<br /> � ' (i8) any additiontl m�tten which Ihe Note Holder is tequired to disclose;and �� f . `—
<br /> � :e•���7•.�r::.
<br /> �� (lv) the�ddraa oi the wsoci�tion You could contnct rcQardin�any quaUons about the ad)wtmenr notice. I', ..
<br /> �
<br /> '� B. CHARCFSi LIENS
<br /> Unitorm Covenant 4 of the Saurity Instrument is ameoded to read as follows: ,
<br /> 1. Clw�p;L{err.Borrower shall pay all taza,assessments,and othcr charga,fines,and imposfifons attributabic to the Properey which may
<br /> attaia a priotity over this 5ecurfty Instrument,and leuchold payments of ground reNS,if ony,in ttie rnanner provlded under para�raph 2 hereof
<br /> ar,if not paid in such manner,by Borrower making payment,when due,directly to the payee thereof.Bonower shall promptly fu�nfsh Lender
<br /> sl)notkes of vnounts due under this paraaroph,and in the evenc Borrower ghall m�ke payment dircctly,Bonower shall promptlr furnish to
<br /> Lender receipts evidencinQ such payments. Borrower shall promptly dischar�e any lien which has prfority over Ihis 5ecurity Instrument;
<br /> howevu,Borrower sh�ll not be required to dischargc any�uch lien so long as Borrower: (a) shall agra fn writinQ to the paymcnt of the
<br /> ob0�don secured by:uch lien in�he manner nccepteble to Lender,lbl aha0 in goad Faith contest such Ilen by,or defend a4afnst eniorcement of
<br /> auch Ifen in.la4d procetdings which fn the opiniun of Lender operate to prevent the enforcement of t he Ifen or forfeiwre of the Property or ony
<br /> � p�rt thercof;or(c)shall secure from �he holder of such lien an aQrament in a form satisfuctory to l.ender subordinatfng surh Ilen to this
<br /> �__ ._ 5ecunty Ins[rumen�.
<br /> If Lrnder delermina that all or any par�uf thc Propeny i�+ubje�t to a licn which may anain a prwrity u�er Ihis Stturfty Ins�rummt.
<br /> Lender shall�fve Norrower a notice idenhfying such lien.Horrower shnll,uti�fy wch lien or lake une or mure ut �he nctions.et forlh above
<br /> wilhin ten days of the 4ivfn�of the notia.
<br /> C. NUTIC6
<br /> Unlform Covenant 14 of the 5ecurfty Inslrument is amended u,read as(ullow�:
<br /> 14. Nodce.Except for any noticc rcquired under appliwble law to be given in anwher manner,lal uny notf�e to Borrower rrovided fur in�hi.
<br /> Secunty Imtrument sholl begiven by dcliverinQ it nr by mailing it by first cln�a mml to H��rr��wrr:�i�hr I�r.ipert��Addretis ar at wch aiher addres�
<br /> as Bortower may dni�nrte by notiee to Lender as provfded hercm,and(b)uny nouce Iu I.ender�hall Ix gn�en hy hnt cla+s mail w l rndrr',
<br /> address stated herefn or to such uther r�ddress as I.ender may designate by nona to Horrower a+pra��Jcd herein.Any nunrc{+ru��.led tur�n�hi,
<br /> � Security Instrument shall bedeemed to heve bcen given to Horruwe�or LenJer when gnen m the nwnner detiignaicd herem.
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