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p��.. . .. . .. .._�__.._.�.�_._.�"_-_-_ 1 r .. ' " _ " ' ��_.�wAii" __ ,� . .. . _ ' " ' .. __-_ ._' _'_'"" - . .��'":;'l:i;T�]U41[f'."..v.---.o..-........�=-.w�_-_ ' y� uIIAi�f:A"� _ _�-"- _ _ __"_______ -___ __ . . _.. ..�IAYZ _ .+. --�---. f�.�I��'�'�.��,J� ��A��; A��ll� zoo��aa� � F�-'� � (1 Yes�r Teeasury IndQx-Rate Cn�) g�_ �� MAY , TH�S AnIt�STAgLB ttATE RID1?R is madc d�ia 2 j�T dUy of A ^ n' �� _ IN �" � H nf � 1998 , and is incorporataJ into and shul! be deemcd to nmend�nu bu;1��nt ih;,2:.ortee„_.___ - •rt.��r�rcarity Deed(the"�ui'tty IIitiU'Ui11CY1L")of thc sama d;tte givcn by tite undersigr�ed(thc'�orrower )tcr secure the Borrowar's Adjustable Rate Note(the"Note°)to Tha Equita6le Huilding end Loan Associetian ui �rdnd Ielend, Nebreske, A Feder�l Sevings Bnnk (the"I.ender")of thc same dute and cavering the pr�perty descrf.bed in tha Scci►rity Insuument uud locaced st: 315 E 15TH ST GRAND ISLAND, ��NE�BrR�a�A� 68801-2513 i teE tti'i5 i E ��ii�TA�C�� F'P.�!lIS10�lN� A4.l.QWING FOR CHANGES IN THE INTERES f _ RA7E AND THE MONTHLY PAYMfNT. TWE NOl'E LIMITS THG AAAOUNT 7H� • — BORROWER'S INTERES'�' RA'TE CAN CHANGE AT ANY ONE TIRAE AND TN� Nlqy(IRAl1M RATE THE B�RROlNER MUST PAY. �a�p�rl�,��y�ly�IV'r�s,In aAdidan to the covensnts and agreements made in the Security Instium�nt. Borrowcr snd Lsnder fiinher wvenant nnd agree as follows: � A.IIV'I'�REST RATE AND MOfVTHL'Y�AY11'IENT CNANGES The Note provides for an ii�itial interest rate of 4.6?5 �.The Note provides for changes in the interest rate and chc n�nthly paymcnts,es follows: 4.INTEREST REi'�E AND MONI'HLY PAYMENT CHANGES (A)Chu►ge iMtas ' The interest rate I wili pay may change on the first day of JUNE � 2001 ,and on that day every 12th month thereaft�r.E:ach date on which my inicnsi rnic wn►��ar.g�#s�l.c3»"�' °"QA n�." B)T6e Indea Aeginning with the flrst Change Data,my interest rate will be based on an Inciex.The "Index"is the wakly averago ytela on United States Treasury securities adjusted to a canstant maturity of 1 year.us made svailable by th�Federel Resa've Board•'I'he most recent Index figure available as of the dat�45 days before each Change Date is calla►�t►e"�mnt Index.,, If the I►rdex is no longer available,thc Note Holder will choose a new indox which is based upon comparable information.The Note Holder will givo me notice of this choice. (C)Cwkulatton of Changes Hefon each Change Date,the Note Bo;u�:•:�:Il calculate my new interest�te by sclding ��ta��t � percentage point(s)( 2.000 Iindex. The Note Holder wiU than round the result of this addition to the nearest one-elghth of one percentaSe point(0.125�). Subject to tha limits stated in Section 4(D)below,this roande�amount wil➢be my now intoract rxte unp)thc n�at Change Date. The Note Holder will then deurmine thc amounc of the montt�ly payment that wcwld be suff'icisnt to cepny the u,y,�;u N��.c;wt t.".�t;�.•n Pr�^t"!�tn nwe ut the Chanxe Date in fuli on the Matutlty TJato at my new inter�t rnte in aubstantially oq�aal payments.The result of this calculation wilt be tha new amount of my c�ac►ti►tY PaYmen�� (p)Limlts on IntereKt Rxte Ch,�utges S.625 96 The interest rate I um rcquired to pay at the Cust Change Date will not be greater tha�� or less than a.825 qb.Thereafter.my interest rate will never be increasod or dx�assod on any single Change Date by more than two percentage point9(2.096)from thc rau of interest I have ban paying . for the prxedinB twelve montt�s.My interost rate will never be greater than �� •6�5 , �'• My �nterest rate ws11 r�sver be lower than 4.625%. (�)Eitective DAte of Cb�n�es My new interest rate will Uecome effcetive on each Chango Date. I will pay the amount of my new monthly payment beginning on thc Crst monthly payment date nfrcr the Chunge Date until the nmount of my monthly paymcat changes again. (�Notice ot Chstrnges � Thc Note Holdcr wiU deliver or mail to mc n notice of any changes in my interest rnte and die amou�nt of my� nionttilv DAyment b�fore d�e effe;ctive date af any chnnge.The notice will include information requiral by law to i mev huvw bc given me an� ulso the title nnd tetepHonc numoer oi a pe�vn wnv wiii i�� i y�� • °�^� —•- -- regurding the notice. MIiLTi�TATH ADJUSTABLE RATB RIDflR-ARM 6•2•Single Family-Fannl�M�NFrsddi�M�a Uniforni Insttl►itlwit•: Form 3111 3/86 ��-822A 183081 VMp MORT�AGG FOIiM9•(BODIl21•7281 � P�Inud a+IMOY��DpK