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<br /> r .,. •,.� ,;��.. ADJUSTABLE RATE RIDER ,��-- 1 Q i"1~I.�� -
<br /> (1 Yp1IT�qt11�Y�11de7�•II�I�COp� �.ner.7w�e__
<br /> .'"f, .�'r4�?'�"�"��F7(. . . mARCH �t9 92
<br /> �� • .� ��' �. = __-- —
<br /> . .. .i' THIS ADJUSTABLB ItA7'E RIDBR(�m�dt Ihi� 2nd d�y of -
<br /> ,
<br /> ^ •- � a.nd ii incorporated into�nd �hall be damed to unend and�upplement the Mort�{e. Deed of Tnut, or Sxurlty D�od(th� "Secu�i�Y ��,L,_�_
<br /> =..,.:.�
<br /> ; ., :;,`�r:���:a.�ik-. .,r, ln�uument")of the s�me due�Iven by the undeniQnod(the"Borrower")to�ocure Borrowa'�Ad)u�tabla R�to Note(the"Note")to �;,_. _
<br /> � •�' ��� FEQERAL S�VINf38 i LOAN ASSOCIATION OF ORAND ISLAND.N88ilASKA(�he"l.aidar")ot the wao d�te�nd oovetiui 1he w _
<br /> ., ' �'
<br /> .. � - ProP�Y deicrlbed in Uie SeCUNtY Itutnlmpit a11d loplted�t: � ny.�•�; � _
<br /> i°.�;.''�,;c�n��Y. ——--
<br /> . , �. ,, 222 N DARR, GRANO ISLAND� NE 68603 ______
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<br /> � ;� ,. (Propeny I►ddreu)
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<br /> '1'MY �ote cowniro pro�Wa� �Ilowi�fa clau�a 1�oy Ule�t nik �M r7�a� ���W'"'=��'
<br /> :;�; �� : �-.�-
<br /> - . � . p�yae�q.TMIs oote ala Uaita ipe�nouat my i�teral nus cn chqe�/��oM IIM�N ,.'v._=_.v-
<br /> � ��w.w�p�.pa a..w�um n�a�o��.�wy. ;.-,;�- _ _
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<br /> � ADDITIONAL COVBNAMI'S. ln addidon to the cove�np+�ad aaramems�wde in the Secudty laetrummt,8orrowar�ad l.a�da • •�»r i�;;:�.f
<br /> .;�,1��¢�;�.���-._
<br /> � � further covenant wKf+�ra as fdlow�: � Jf..l;'t`",�,:ar-.
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<br /> . 1 ; •,� A. INTERFB7'RA7'E AND MONTHLY PAYM�'g1ANGFB �e,,:;�';`..
<br /> . � ',;'!:;`�t'}� �a;,...,,.,,;.
<br /> . . F�;;:,�.;:::, The Nae provida for an IniUal intaat nte ot °' 9i.3ectMn 4 af the Note provides tor chu�a in the iaterat rnle and tbe '1 ' �'V�:.
<br /> .i , - �+:: ��,., monthlY P�Y�nu.w follows: =- ` --�
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<br /> � � � ':F,r.:-". '�� ,. 1NTERESTRATE�INDMONTHLYPAYMBNTCh1AN08S
<br /> ' � � �1'(, ' ' ;` (A) CM��eD�tea �r'"�i.;•
<br /> • The interat tatc 1 will pay may change on the tint day of APR IL ,Ig 93 ,and nn Ih�t dpY�'aY �,�4�^�'��-
<br /> • .';,f �,:__----
<br /> : ; 12 months Iixreafter.Each date on which my interat tate could chan�e If calkd a"Chanae fb►te." �n,
<br /> . '�' '!� (B) 77e l�den �'r�..
<br /> '��!'�f'f�, Bealnniog with ihe first Change Dam,my interest ra1e will be b�sed on an Index.The°index"is the wakly avaage ykld on United Stata --=�=---�
<br /> !,�. ' ����
<br /> •� •���' � • Ttatcury secudtia adJusted to a conatant matudty of 1 yau,w made available by ihe Fedenl Reserve Board.The mou reant Indeu fi�um �„rt-:-
<br /> awilable as of the date 43 days before each Change Date ie called the"Current Index." t;�?"��;�•°
<br /> ••� �� If ihe Indqe is no lon4er avallable,�he Note Holder wUl choose a new i�da which i�based upon compsirable intormaUon.The Note -:t.�►y��',.'
<br /> - `.y:i__:7' v,=�_�;:_:.
<br /> �-"". Hoider wiN rivc��rc natite af ihis ChoiCC.
<br /> . . -_ -^.:••--_..,- - _=i�FAkt�t=-
<br /> • lC) Gkal�aoa otchaaQa TWO ANO ONE HALF `
<br /> Betore each ChAnae Date,the Note Holder wfll calcutate my new interat rate by oddin4 P����� �„�' ��`-=-
<br /> ' points( �-� �)to the Curtmt lndex and roundina to the nearat I/Bth ot 1 yi,�ubject to the Ilmits�t�ted in Sation 4(D)bdow. __ �
<br /> This roundod amount will be my new interat rate untH the nest ChonQe Data _„o,�
<br /> � �� The Note Holder wfll then determirv:the amount of the monthly payment�hat would be�ufficlent to rcp�y in full the principal 1 am °<:"
<br /> �'�;:.���°�:
<br /> •• pcpected to owe on that Chanae Date in:ubstancial�y equrl paymena by the mRturitY dNe at my new interat rate.The rault oi thfs wkulaUon ___��
<br /> ' will be the new amount oi my monthly paymen6 -_
<br /> IDl L,I�ItiorinleralR�teCY�Ka 8.0 �y or less than �::����'u"-
<br /> ' - The inura� rote 1 am required �o pay at the first Chanae nate will na be Qrealer �hon ,_�.�_,
<br /> ' .. 4_fl ry�,Thcrcafler,my intcrnt rote wlll ncver be incrcased or dareased on any�inQk Chan�o D��e by more than T�_�—. y:-^,;,���-,
<br /> _Jr2.,o�.�.—from the rate of Muast t have been paying for the prccedinp twelve months.The minimum interest rata on thb loan will naver ba • '>��-;��
<br /> ��h� 4_n __ai and�he m�cfmum interat rate wlll never Ue Qrester ihan_ �1 -� �• ^� -
<br /> U IE) Effecdve Dale ot Ch�a�a � • --
<br /> _ ° My new interat rate will become effective on each Change Date.1 wfll pwy the amuunt of my new monlhly paymont be�innfei ue Ihe A�at j_ -_
<br /> � , monthly p�yment date Aiter the Chanae Date until the amount of my monthly puyax�t chaqta nQain. E� , -
<br /> • (F) Notla of Clur�a , �'
<br /> , The Note Holder wlll mafl or deliver to me a noticc before each ChonQe Dace.Tho notice will adviu me of: �;;,-�.•,,-
<br /> (f) �he new interat ra�e on my loan w oP the Chan�e Date; � � ' , ��_„
<br /> � (ii) Ihe amount ot my monthly payment fallowfng the Change Qate; • .
<br /> � . • (Ilf) ony addidonal malters which the Note Holder is required to discbse;ond
<br /> • (Iv) the addras of the�saclation you rnutd conwct reQudinQ any quesdoas about the ad�uetment notkY. ' ,_
<br /> �x W�
<br /> •} B. CHARCFS;LIENS � �
<br /> '' Unitorm Covman�4 oi�he Security Instrument is amended to read 4s Polbws: �
<br /> � �, CY�ry�a:l.ku.8onower slu►11 pay all taxa,assasmenis,and o�her churges,fines,and impoeitiun�a�uibutable to the Property which may �
<br /> u�a�n a priority over this Security Instrument,nnd leasehold payments of ground rents,If any,in the mmner provided under p�ra0raph 2 hereot
<br /> or,iP not paid in such manner,by Borrower mak{ng payment,when due,dircetly�o the payee thercof.Borrower sha11 promptly Pornfah Lender
<br /> � all noNces ot amuunts due under this paragraph,and In the event Borrowcr shall make payment diratly,Borrower ahaU promptly fumish to
<br /> Lender receipts evidencing such paymen�s. Borrower shall pramptly disc6arge ony lien which has prioHty over thft Securfty Instrument;
<br /> however, Hor�ower shall not b� required to discharge any sucl� Iien so long as Borrower:(a)shall agree in writfnQ to the payment oY the
<br /> ,. obligation secured by such Ifen fn the manncr acccptable to Lender;lb)shall in good faNh contest auch lien by,or deknd�inst eniorcement of
<br /> such Ifen in,legal praceedfngs wMch in�he opiniun uf Lender operate�o prevrnt�he enforcement of the lien or iorkiwre of the Property or any
<br /> � par�thertnf;or(c)shall secure trom �he holder of such licn an agrecment in a form satistactory to Lender subordinatina auch Ilen to thls
<br /> -- " � � -� securuy�nstromen�.
<br /> S If Lender determines�ha�all or any par�of the Properly is cubjcet to a Ikn which may attain a prioritr over this Security Instrumem,
<br /> � Lender shall gfve Borrower a nouce idem�fying such lien. Borrower ehall sotisty such lien or take one at more of the actic►tu aet torth above
<br /> , wfthin ten days ot thc piving ot�he notice. �
<br /> C. NOTIC� �
<br /> � � Unifotm Co�enan�14 ot the Securr.y 7r►atrument fs amended tc read u lollows:
<br /> . 11. Notlee.Eacepr(or anY notece req��red under applicable law to be given In s�nother manner,lal�ny notice to Borrower providecD Fot m tA�s
<br /> Security Ins�rumem+?�al{be g{ven by delivering it er by mailing it by first class mall to Borrower at the Property Address or at such other address
<br /> es Borrower may designate by notue to Lender�s provided herefn,and(b)nny notia to Lender shall be given by first clus mail lo Lender's
<br /> � address stated herein or to such other address es Lender may daignote by nalce�o Borrower as provided hetein.Any notice provfded for in Ihfs
<br /> StcuHty Inatrument shall be deemed to heve heen gfven�o Borrower or Lender when gl�en in the manner deslgnated herein.
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