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�.-�-�-�__ :.:... . ., � � ��;� ' - --:---- '� � ..�. _ _L --. i'7t�.-_ ' _-- �IL.. -_.. : - . .. '._-___. M _ � _. ' � iV��t• -. . �,tt rr �nr L t� A TC UTiIFR - HLJJJit�tyt.L: 1�L11L 14f.�iia+ 2��276.5T (l Ye�►r Trwsury IadeY-I�te Caps) '�'HIS ADJUSTABL.E RATE RI�HR ia made this 2ND day of �f''� � _ t 996 .anci is iivarparatal iiuu tuxf shall be da.med to«m:cs�ar�supglemont the Mortgage.Dted of _ 'trust or Securiry Ueed lthe"Securiry(nstrument")of the same d�te riven by the undersigned(the"Borrower")to _ socure the Barraw•er's Adjust�ble Rate NWe(the"Note")to TAe EouitaGle Bcilding rnd laan Assoti�tion at Gr�nd Island, NoDnsk�, A Fed�r�l 5lving5 B�nk (the'Lender")of the same date and coveri�the property described in the Security Insw�uent aad locat�at: 282a S SHADY BEND RD GRAND ISI�A�eNrtD�N�EBRASKA 88801-8352 THE NOTE CONTAINS PflOVISlONS AILOWING FOR CHAI�f3ES IN THE IN7EREST RATE ANV 7HE MONTHIY PAIi ktENT. THE NOTE UMITS THE AMOUNT THE _. BORROWER'S INTEREST RA7'E CAN CHANGE AT ANY ONE TIME AND THE MAXlMUM RATE THE BORRUNtER MUST PAY. ` ADDITIONAY.COVENANTS.In additia�a t�*the covenanu�nd agreentients a�ade in thz Security Incttument, Bocmwer and l.cnder further ooveaaru and agree us follows: A.L'�;TER�ST BA'I'E AIv'D MONTHLY PAYhlF:N'1'Cii,�►i��r.� Tbe Note pcovirles for an initial interesi rate of 6.500 96.The Note provides for changes in ��a�MzE ancl ehe monttily payments,as follows: q�INTfiREST RATE AND bif��W.Y PAY141ENT CHANGES (A)Change Dalsc The interesc race I will pay may change on the fit'st day ofJUNE . 20Q1 .and on that day every 12th month thereafter.Each due oa whicb my incenst rau could change is calkd a"Changt Date." (B)Tlu Index Beginning with the first Change Dau. my inurest race will be based oa an Ind�x.T6e"Index"is the wakly -- -aversgt qiciu vi�v.ui:,v.�►i«:b Ts'°.,:::s:��..°�'"�•:�:•.=�i��cr�ri;n n t»nctant NatutitV of 1 YCat.as made availalsle by _ the Foder�l RGCerve Bo9rd.The most recent Index figure available as u:tt,e date 45 days b:,fare rsch Cha�e Da?e is callod the"Currcnt Indez." If the Index is no longer available,the Nute Holder will choose a new index w'hich is basod�pon con°P�eble infum�atiou.The Noce Holder will�ive me nocr,ce of this choice. , (�Caic�iatio�o ot Ch�es Before each Change Date.the Note Holder wi0 calculate my new interest rau by adding 96)W the CWrrent .� peraatage pu:tst(s)( 2,�p0 Enclez. The Note Holder will then roauid the result of this addidon io tEn�neuest ono-eiShth of one perceatsBe poiot(0.125�). Subject to the limits stated in Section 4(D)below,this roundod amount will be my new intaesE rate until the next Chauge Date. �e Naaa�Ioidu witi u�ea�er�;�.L's:,:mau:.t af�sr,m3nthly payment tbat would be sufficieac to c�aY� unpaid principal that I�n expocted w owe at the Ch�nge Datc in fiill on the Maturiry Date at mY new'iruereu tate ` in subst�atiallY�1�PaYments.Tfu result of this calculation wiU be the�iew amount of my monihlY P�Y�. N)Lim3tc oa lnterest R�te CLaages Ttx interest rau I am roquired to pay at the first Change Date will not be gteater than 8.5Q0 yb or less thaa 4.500 %.Thereafter,my intenst rste will never be increasod or dacir,asod oa pny siagle Change Date by more tl�n two percentage points (2.096) fi�o�n tbe rate of interest I have be�a paY�B for tbe praxding twelve months.My interest rate will never be groater thw �� •500 96. � � My inter�st rate wi11 never be lower than 4.500AG. . ' (Ei EKective DaRe of Ct�anges My xw interest ratC will become effedive on each Cttaage Date. 1 will pay thC atnoant of my new montlily - p:�-a b�,ginuiag az the fir�•t awnthl� g�ynxnt date after ihe C7�ange Date ur,til ihe �noi af my rrwndily PaYma�t�han�es again. {�Notics ot Ciwnges Tlie Note Holder will deliver or mail to me a notice of�ny changes in my interest nxe and du unount of my — monthly payment before the effective date of�ny change.'Qt�e notice wi�1 iadude infotn�tion required by laa to ' be given me �nd �lso the tide �nd telephone number of a person who will an�wer any question I u�y have reguding the noticc. • :�, _� �OlILTISTATE AD.iUSTA8I.E R/\TE RI�ER•ARM 6-2-Sinpto Family-Fami�AAa�lFnddi�I�lac Uniform instrurt+�+�t -- Form 3111 31a5 -.� ;ri �-E2�AIi30A VM�MORTGAGEFOfr15-1l001521•7291 � PirrWOf+R�oldhOw ',�a a � :�� =j �� - __