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<br /> A�JUS�"�BL� RATE ItIDE�t �6°' �o-��f� -
<br /> TH1S ADJUSTABLB RATB R1DHR iy m�do lhie 17'� day of �Y , 19 96 �wzd i�
<br /> tt1C01'�Oi�iilW 4iit�6i18Z�G",liC�,ii►::�to��:Nui W�su�>a2;r�i�,�t th�Mozt;�;c,Uz�s!of 1Yust or Sa�uri�y�1(�he"Se���dry ,
<br /> InsCrument")of the sbme Aat�given oy!ne uncicxsigoeii(u�e"nur[uwta"j iu aa.uio awurwci'o.��.�jw,iav�.:�D«w:''...w%��
<br /> "Nota")to
<br /> HOME FRDBRIIL BAVINtiS & LOAN ASSOCTA�ION QF 4RAND ISY.AND
<br /> (tho"Lender")of t?io same date and ccivuIng t�e property described in the Security Insaumeat and located a�
<br /> 321�323 WE9T 7TH 515 N�RTSi WALNqJT -
<br /> CiE2AND I9LAND, NBBRA9KA 68801
<br /> [Property Addra�J
<br /> THIS NOTE CONTAINS PI�OVISIdNS ALLOVVING FOR CHANGES IN MY YNTEAEST�ATE AdVD MY
<br /> MONTHLY PAYMENT. INCREA�SES IN THE IlVT�REST itATE WILL RESULT IN HIGHER PAYMENT5.
<br /> DECREASES IN THE INTERFST RATE WILL RFSULT 1N LOH►ER PAYMENTS.
<br /> ADDITIONAL COVENAN'I'S. In edditlon to the, covenants and agraments made in the Socurity Instrument,
<br /> aorrawer end Lender furthtr covu�ant end agroo es fol1ows:
<br /> A.IIVTERFST RAT�AND MONTHLY PAYMENT CHANGES
<br /> 'If�e Note provicks for en inidal int�r�est rate of 7.o00 �6, 'It�e Note provi�es for changes in the
<br /> �nterest ratc and the monthlY 1�Yments�es follows:
<br /> 4.INTER�'ST RATE ANU MONTNLY PAYM�N7'CHANGESi
<br /> (A)CYanse Dates
<br /> The intuest ruta I wiU pey may change un tho first duy of Jt7NL � i997 ,and on that diy
<br /> every 1zTt�t momh�fcer.Eac4�dato on which my interestrate coukl change is callod a"Change Date."
<br /> (B)The I�
<br /> Beginning wdth the fir�t Chan�o Datc.my inttrest cate will be b�sod on an IndWC.'fhe"Irufex"is:
<br /> THE WSEKLY .i�VERAOE YISLD ON IINITSA S1'ATSS TREASIIRY SBCURITIBS �#DJtJSTED TO A
<br /> CONSTANT MATURITY OF l YFAR, AS MADS AVAILAALE BY TFfB FBDBRAL RB9BRVS BOARD.
<br /> The most rocent ind�x figure availobk a�t of�he date: a 45��y8 e�
<br /> txt'on a�cn enmge nete u c�iloa aie"cwra�c Inskx."
<br /> if the Yndex i�no bnger Avai!*bk,the Note Holder will ehoose a r�w inde�c th�c is t�+od upon com�k intom►tiioo. _
<br /> 11u Note Holder will give me nuike af this chaice. �
<br /> (C)Gicu4tba ot Cbaagea
<br /> Beforo each Ctumge Uate,the Note Halder will cakulate my new intuest ratt by acWing
<br /> THREE AND ONE HALF pCtCCtltilRC n0illt(S) ( 3.500 �) [p th0 Cp[[tlit IIIdEx.
<br /> �a Note F.olda�wiU then�und the result of this addi�au W tho 0 Ncarest [] Next Highest C]Neaet Lo�west
<br /> arR sicx� ( .ix s �),
<br /> Sub,�xt to the Iimi�c stated in Sectiom 4(D)bebw�this rnundcd amuunt will ba my new intestist rate ur,til thc next ChAnge
<br /> D�te.
<br /> The Note�Toldex will�hern dcccmrino thc amawn nf Iha mouthly payment th�t woWd be suff'�cient to repay tho unpeid
<br /> principal that I am raepoct,�i to�we at the Change Date ir�futl an the maAUity dace at my new intc�est rate in wbst�ntially
<br /> equal pQtyme.nts.The result of thi�ca�ulation wlll bG�hw;�iv amount of my monthly paymcnG
<br /> (D)i,irait�on Inkrest Rnte Ch�nges
<br /> ase chcclE aF►proprlate Goxes;tf no box fs checkid,rh�re will be�ma�amr�m lunft on changes.}
<br /> (t)Th�xe witl be no maximum limit on tnterest rate changes.
<br /> � (2)77�e interest race I am requiral to pay at the first Changc Dace will not ba greatcr thas� 9.o 0 o g�,
<br /> � � 5.o0o gb,
<br /> �(3)My iniccesi rate will never bc increascd or dccre�scd on any single Change Dau by moro than
<br /> '!'WO PERCEtIT percer,tagc point(s) ( a.o00 �� fmm �►c
<br /> rate of interest I hxva 6ocn paying for the pc+eceding period.
<br /> [�(4)My inurest rrdto will nevcr bc goeater than �2.o 0 0 96.which is called the"Maximum Rate."
<br /> THE "b1INIMUM RATF" WILL NEVER HE LESS TH�1N S.00Ot.
<br /> �IUI.TI9TATE ADJU9YABLE HA7E RtOER•Sinple Famfly o/94
<br /> Pap��012
<br /> �•890��0l0�) VAIP tAOIiT�A�H FORMB•(800)621•r281 Initltl�:._____
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