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<br /> -�{ 3'�,:��� U�� � --: . AWUSTABLE RATE RIDER 92- l 0i888 �v� ��
<br /> � ' � 11 YsuTreuury Ind��•RaaCap�)
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<br /> - ,ar��3•� THIS ADJUSTABLE RATki RIUER Is mrdt thfs 4th ��,o� Ir18TCh �19 92 �
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<br /> �.�;��'�•�' e� �nd Is Io�mrpnralM into�nd sh�ll be dcemal to wnend and aupptement the Monpa�a.fSeed ot Trust.or SccuH�y Dead (�he "Seruti�Y
<br /> �,�,_,,�,..���.,.n�. Instrwnent")of�he�une date/iven by thc undenl�ncd phe"Borrowe"1 ta�ecure Borrower's Adjustpbk Ra�e Note 1��"Note"1 to MO�IL
<br /> ;'', i'� `.. r.-. FEDHRAL BAVINQB� LOAN ASSOCIATION OF GRAND ISI.AND.N�ORA8K/1 phe ..Lenaer.,l or�hc nme d.�o u�a cove�ta��M
<br /> ,';)t: � ,�, O��y descdbed ie�he SecuritY Inslrument and located u:
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<br /> ,���c��� •:�:� �,�. 2615 Sta ecoaoh Clrcle� Grand �sland Nabraska 68801 �------_- _
<br /> ' •.�.���n►tit: ' �Property Addreu)
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<br /> _ � � . 7'a. wte eo.a�r.oro.wo..�ow1.s 1or cr..� i..y �.�nw� n�e ..e .y .wiwf
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<br /> ` w o tsi��:s',_�-'� P�y*t�is.7'�b�oa d.o Un1u�re��t.�1■tens�na e�eY��t OY oM q�e M/
<br /> ' dw IYt�id�a�w/tM�tl��r�1t 1�1 aY• .
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<br />_��:..L ' ADDITIONAI.COVENAN7'S. In addition to the covenants and�rcemmb m+�de in�e Senuity Imtruarcnt.Bonowet snd Lmder `--:-�=---
<br /> .Y�a • ... ��-�.' ,� further covenant and a�a as tollows:
<br /> '" � �^�',•� " A. INTER�'•T RATE AND MON7'HLY PAYMENT�CHANGE� -
<br /> ���--v_
<br /> � . 'f'he Note providcs for an initial inlerest ratc of 8' ni.Section 4 of the Notc pcan�ida tor chu�es in the iaterat rate and the
<br /> ` � mos�thly psymrnu,as follows:
<br /> ` 4. /NT£REST RATE AND AlONTHL Y PA YtlENT CHANQES `� •
<br /> IA1 Ch�ie M�a
<br /> b
<br /> ° The interal rate I will pay ma�.hAn4c un�hc first day of Apri� ,19 93 _,and on�hat dwy every _�� •
<br /> ' twel ve man�hs thereaiter.Exch date on which my interat rate could chm�e is called a"Chanae D»c.' ""-
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<br /> l[i1 TAe I�des �''��
<br /> � ° Be�innina wi�h the flru Chungr U.��r,my miei.+t ru�c w�ll be b:ued on an Index.The"Indei'is thc weekly avera�c yield on United Sw�n ji ::
<br /> ' de a�ailabic b ihe Federal Rcserve Board.The most recem Index fi�ure � ' _��„ 'f, .
<br /> ,_ �, 'Prasury securities adjusted to a canstant mowrity of I year,as mu Y
<br />� � available as oi ihe date 45 days before e3ch Cbunge Ua�e is caUcJ the•'Current Indcs." '"��''_
<br /> '' � If the indea is no lonyer uvuflabic,�he No�c Holdac will choox a new indea which b based up.m cumpsu.iblc iniormaiion.77k Note ' `""
<br /> ' Ho1Qe►wiU glve me notice of this choke. --
<br /> ,r- " ICI Cak�tlo�of CM�ytes
<br /> - - - three and onP hal f —� ---—_
<br /> " �.�� BeforetaGe Chan�e Date,the Note Ho1dcR will cakulatt my new interest nte by addinQ P��T"� �� �.
<br /> points( '� a �)to the Currem indca and rounding�o the nearest 1/Sth of 19i,su6Ject to the limits staled la Sectioa 4lD)be�oa'•
<br /> � Thb rounded amount will be my ncw Interes�ratc until the next CFiange Date. �� V� ;�}_.
<br /> ' The Nae Holder will then d�termine the amount of the monthly payment that wauld be sufficicnt tu rep�y in full the principal i am � ��.
<br /> ���.,:'�..',•._ i ..y.a;:•�.
<br /> • ,j��;;�?;.�., expected to owe on thsl Chan4c Uate in subst�nti�lly equal paymen[s by ihe muurity dau at my aew intcrrst iate.Thc resul�of this calculadon —_ _
<br /> .'';:• wiU be thc new amount oP my monthly paymcnt. =�-'=^��--
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<br /> • .."•,;J IDl LlmlbnalaleralR��eCYn�es _ �_
<br /> The interest ratc 1 am requfred to pay at �Ae fint Change D�tc will not be grcater than 10�� �htwOess than ,�F�;_,�, ;'�'�
<br /> �.•.Thcrcafler,my in�ere�i rute will never be intteased or decrea�ed on any sinak Chanpe Da��hc morc Ihan "��� '=
<br /> from thc rate of interest I havc been paying for the pn�ccding tweNc months.The minimum intcreci mtc on this loaa wil!never 6e „.:��'=�._�, _
<br /> ' less than 6.O_ _ _._Pi and the maximum intcrest rate will never be areacer than 12.0 _q�, : � ;° •:;
<br /> ' (E► Eftecdve D�te ot CY��ta t :•_��j;',
<br /> My new interes�ra�e will become effce�ivc nn each Chaoge Uate.l wlll pay the anwunt of my new monthly p�ymrnt begianinp on the first �: :-
<br /> ., �:�.
<br /> '��� '` monthly payment date after�hc CAanQe Date until the amount of my monlhly payment chan4es a�in. +����
<br /> ',rt.;: _ .
<br /> . . . (Fl Not{ceotCYs��a !
<br /> The Note Holder will mail ur Jefivrr to me u notite beforc cach ChunQe bate.The no�fce wlll advix me of: (
<br /> ' �i) the new interest rate on my loan as of thc Change D��e; 1:� ��L•'�
<br /> . (ii) �he amount of my monthly payment folluwing the Changc Dace: {� � '��' _
<br /> (ifi) any additlonal matters which�hc Not<Holdcr is rcyuirnl to divdosr;and � � ___
<br /> ; (iv1 theaddras of theauaciatfon you coutdcontace«gsudfnQ any questions ubout�he ndjustment no�ice. k.. �•�'�,�F_�
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<br /> B. CHARG�S;41ENS i
<br /> Uniform Covenant 4 af the Security Instrumcnt is amended to read as folbws: i
<br /> �. Cba►Res:Lkm.Borrower thall p�y ull�uxec,assessmentc,and wher.hurgec,fines,und imposnion�attribulabk lo the Property which moy ,
<br /> ' ottafn a priority ovcr this Securily Instrumenl,and Icosehold paymcnt�of ground rent.,if any,in�he manner provideJ under paragraph 2 hereof ,
<br /> �1'1'�` or,If na paid in tuch manner,by Borrower makin�e payment,when due,direc�ly to thc payec thereuf.liorrower shall promptly furnish Lender
<br /> , �,,. . all notices oi amounts due under�his parugrLph,and m�hc r�rm H.ttrou.r ch.�ll m�le payment dire.dy,Borrower shall promp�ly furnish iu
<br /> ' • Lender receipts c��dencing suth p•rymenls. Burruwcr.hall prompNy diti.h.�rge uny licn which has priority orer thfs Security Instrument:
<br /> however, Burrower Shall nut bc reyuirrJ�u discharge any wch lir�� ,o I�+ng a. Ik�rruwer. (a)ehall agree in wrfhng Io�he payment ot the .
<br /> � obliQ¢tiun secured by w�h lien in ihe mannrr acrep�aM�t.•1 enJer.lhl chull inµ�xx!i•rith contrs�w.h I�en by,or dePend against enforcemrnt of
<br /> such lien in,leg�l proceeJinN+��h�:h in ihc op�n�nn uf 1�ndcr�+�z:�•,�r w prr�cut thr enturcemenl oY ihc lien ur furtci�urc of�he F'ro�xr�y or any
<br /> part thereof:ur(c1.hall uture trom Ihc h�ddcr o(.uth heu�n aµrc�menl in a(urm.atixlacror� ai l rnder whurJinu�inQ wch lien lo this
<br /> i Security Instrumant.
<br /> � !f l.ender detcrminr>that atl��r au� pan nf thr I'ra�r�� ��+ub�r�i to a hen wh��h may auum u prionly u�er th��Securi�y In,uumen�,
<br /> - ---- Lender shall give Burroacr a nou.c idrnu(>mµ•u�h hcn. H�+rrower .hau,au,�c�utn i�en or�aicc onc�,r m�,rc vi�nc r�ii.m,,c� i..����aba:c
<br /> witAin ten days of the gi�ing uf the m�tice.
<br /> C. NOTI('F:
<br /> I Unifurm Covenunt 14 ul the 5auriq Im�rument Ir�mend�nl lr rcad a+fulluw�:
<br /> ' U. Notke.Ex«pt t'or uny nulirc rcyuircd undcr applicahlr law w fx g��rn m anuihrr manncr,�r1 any notirr::Hurrowcr providcJ lor m�his
<br /> Security Instrument shull be given by delheting i1��r by mu�ling�I bq fir�t rla�t mud 1��Horrowrr ai Ihc Pr�iperly.4ddn�as ur at.urh olhcr addny�
<br /> as&�rrower may d�*�ignale by noticr to Lendet rw pruvid�tl herem,�nd Ibl ony noiice�o l enJer+hall t+r g�vrn Ny tvst cl•r+.mrJ to l ender'+
<br /> � uddress+tuted herein or ro wth uther address ati LenJcr moy dc+ignutr by nuuce�u Borruwcr a+pro�idcd hcrcm.Anv nm�cr p�o�id�til I��r m thn
<br /> Secu�ity Instrument shall be deemed to hnvc been given�u Hurrower ur Lcnder whrn gi�rn m the m�nner dr+�ignoted hercm.
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