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<br /> ,,�� ,- .d .. � . , . ADJUSTABLE RATE RIDEI�2�. 10 2�31
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<br /> ��� �.`• °";�'�t�r�� THISADIUSTABI.ERA7'BRID@Rism�dethis _13th �YQi March _ ,�y92_., --
<br /> �� •"�•�p. . �:^�'� and f�Incorporated foto and�Iwll bo deemed ta amend�nd supplemeM the MortQa�{e, Deed ot Tnut, ar Security [ked Ilhe "Securily
<br /> A �
<br /> � ,�.,. �!S"';:°' Instrument'y of the same d�te Qivm by the undersf�ned lthe•'Qorrower"1 to secure Borrower'�AdlusuMe Rate Note Uhe•'NWe"1 to HOML� r
<br /> � ° �• p �,D�FRAL 8AVIN08 i LOAN A8SOCIATION OF�RAND ISLAND,_NH9RA8KA phe "l.�nder")cf the�me dote�nd�o��rint�h°
<br /> _ , •;.:i. , propmty described in the Secutfty Irotrument uid located�l:
<br /> i�` ".`..
<br /> .��: . —° ; 2 120 N Sherman Blvd fran 1 ql n�� N� �$03 --��_'_--_'
<br /> -- �� " � (Propcn�Addreu)
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<br /> , . TMb wte rn�W� provWoa dlowl�fa cMu�a t. ar t■�enn rsu w■a a�y wo�lYly
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<br /> p�y�e�u.7'�b wte�o Ilwlb IYe��ou�l wy I�terat nte n�c�stt M wa�ow qw�Md
<br /> , . ., alw tAe�I�Iwaw w�d tYe mwla��w esle 1�ut p�Y. —
<br /> , • ^ ADDITIONAL COVENANTS. In addition to the covenutb and aQreementc made In the Secudty lastrummt,Bonower nnd i.ende� _
<br /> � funher covenant and aQra as folbws: �
<br /> A, �NTE1tESf RATE AND MONTHLY PAYME,(HT�CHANG�S �._..
<br /> The Note provida for an iniUul fnterat rate oi ts gi.Scction 4 of tAe Nde provides for chanaa in the interest rate uid tha �.
<br /> . • monthly payments,as folbws:
<br /> � • � 't �. INTEREST RATE AND MONTHL Y PA YM�NT CHANOES
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<br /> ,. .. IA) Cb�e D�la �� _
<br /> The interat rate I will pay may change an the flrst day of Apri 1 ��9 93 ,and on Ihat day avery a;R�,�
<br /> 12 months Ihereafter.Fach date on which my interat rate could chan4e ie cqikd a"Chen�e Daie." °"�"'-'�
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<br /> � '.'� ' �� Beainnin�wlth the first Change Date.my ioterrsi rnte will be based on an Index.The•'Index"Is thc wakly average yield on United Stales �,�yl�� --
<br /> Treaeury securilles adjusted Io a constant melurity of 1 ytar,u made avaflAble by Ihe Fedcral Raervc Board.The most recent Index fiQurc
<br /> � avallable as of the date 43 days befare each Changc Oste ix called the"Curtent Index." _
<br /> If the Index is iro lon4er¢vailable,che Nae Holder will choose a naw indes which ie bascd upon comparabld infamwUon.The Note ��_--=—
<br /> , . HoWer wili 41ve me no►ice of this choice. --
<br /> 1C) Cakul�do�of Chu�es �T �
<br /> � Beforo each ClwnQe Date,the Note Hdder wlll calculate my new interai raie by aikfio�''h,� C nnn h�1 f percentnEe �-�,, --n .��"
<br /> ' � poinu( 3.5 ni)to the Curtent Index and rounding ta the nearat 1/8th of 1 qi,subJat to the Ilmlts stated tn Srctiou 4(D)below• ��
<br /> � " Thls rounded amoum will be my new interest rate until the next Change Datc. "`�r"" _
<br /> . " 7'he Note Holder wlll then determine the amount of the monthly payment that would be suffKMnt ro repay in full Ihe principa!1 tun �� � ",��:,_a
<br /> expected to owe on that Change Daa in xubstantially equal paymenu by the maturlry date at my aew intarat rate.The result oi this cakulation ____ _z
<br /> - , wlll bc�hc�rcw amount of my manthly p�yment. �1°"'�"'
<br /> ,::�yrt r-�.-�
<br /> s t�':�': .
<br /> � ' IDI I.Inilb oa Inlenal Rale Cda�es ' -
<br /> The interest rate 1 am required to pay at Ihe flrst Change Datc will not be greattt thun 10.0 � or less than
<br /> � F+_f1 7i.Thercnftcr,my imeres�ra�e will never be incrcased or dcereused on any singkChonge Date by more chan Tvn •
<br /> •• ' ��(l��om�he rate of interest 1 have been paying for the precedfng twelvc months.The mini mum int¢rest rate on this loan will never be - �
<br /> ��po� h_Q �and�he moximum interest rate wfll nevcr be grea�er than 13 0 h�• �—_
<br /> ' . (EI EffecUve Dde of CA�a�es � �- ;��,,
<br /> My new interat rate will become efPective on each ChAnae Date.1 will pay the nmount of my nc�w momhly p�ynwnt beginning on the first ;
<br /> • " ' monthly payment date after Ihe ChanQe Date until�he nmount of my monthly paymeat chan4es awin. � - __
<br /> • lFl Nollce of Chf�es -_ _-
<br /> ' � The Note Holder will mail or deliver to me u notice before each Chanae Dote.The notice will�dvlse mo of: f .
<br /> ;:�,: (i) the new interest rale on my loan as oP the Change Date; ` . "-+-
<br /> � (ii) the amount of my monthly payment following the Change Uate; � ,
<br /> (lii) any udditfonal matten whlch ihe Note Holder is required to disclo�e•,and •
<br /> E • � Iiv1 the address oi the associsttion you could contect reQerding eny questfons abou�theadJuctmont notiCe. . . , -�
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<br /> B. CHARGFS;LIENS
<br /> � " , Uniform Covenant 4 of thc Security instrument is amenJed to read os followti:
<br /> ;k 1. Cd�ry�es:Lko�.Borrower sha0 pay ell taza,assessments,and other charga,fincc,ond imposiiions altributable to the Property which may
<br /> uttain a priority over this Securily Instrumenl,and leuchold paymcnt!.of ground renls,if uny,in ihe monner provWcd under parograph 2 hermf
<br /> � or,if not paid in such manner,by Borrower muking payment,when due,dircetty to the payee thereui.Borrower shnll promptly furn{sh Lender
<br /> ' ' all notices of umounts due under[his paragraph,and in the event Harrower shall makc payment dirntly,Burrower shall promptly furnish�o
<br /> � � Lender recefpts evidencing such payments. Burrower shall promptly discharge any Nen which hus priority over this Securily Instrument; •
<br /> however, Borrower shall not bc required to dischorge uny cuch lirn so long as Borrower. (al�hnll agree in writing to the payment of the
<br /> obligetion ucured by cuch lien fn�he manner acceptable to l.ender;lhl shall in pad fnith contat such�len by,or defend ag�inst eniorcemem oi
<br /> such lien in,Iegal praceJing+which in thr opimon af L.nd¢r��rxratc tu prr�cm�hc entorttmen�ul t hc lien or lorfenurc o(the Propert��ur any
<br /> par�thereot:ur(r1 ahnll+tture f'rum the holJer u(tiuch I�en an aµrecment m a form�autifaclory �u t.ender .uburdinating+uch lien u�ih�.
<br /> { Security Instrument.
<br /> ' � If Lender delermines�hat u0�x any par� uf the Prop�m �+,ubjcrt tu a lirn which may auain u prwrity uver�his"xcunty Inurument,
<br /> : . _- - . . .. . .. ....:.. .,__.:�..:_._....�.�:__ o............a..0.a�:.r„.�..•6 Ibn nr�ak�a�nr nr mnrr of�he actions set forth above
<br /> �enaer snau give ou��v..c�a��.,.�.�����..�.����R,,...................... ..._..__.._., .__.. .._.. .. .
<br /> withln�en duys of the Qivfng of the notice.
<br /> c. no�r�cE
<br /> Uniform Covenant 14 of the Sccuri�y Inctrument is amendeJ tu read�s follows:
<br /> 11. Notice.Except for any notiee rcqwred undrr appliwble luw tu be given in onuther manncr,lal any nuticc io Burrower provided tor in this
<br /> Security In�lrument shall be given by delivering it or by mailing il by first cluss mail tu Horruwer al ihc Pmpen}�AJdress or at+uch uther address
<br /> as�rrower may decignme by nolice io l.ender a.provideJ herein,und lbl any notirc�o Lender�hall be gi�en by firtit clas�mail tu Lender'+
<br /> uddress titated herein or to+uch wher addrecti n�Lender may designate by notice tu liorrower as�ruviJed herein.Am•noticc pru�idad(or in tM,
<br /> Securlty Instrument shall be damed to hnve been given to Borrower ur Lender when grven in the manner d��ignated herein.
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