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,T, ;.... y . . . „ � . ..,� �� .. ..�ri - ....,...-,+wr._.......: ... . .__.. , . . .. _...._ � -- -. • :�• • " , '_ _ � .'- `__'_. . �. . ,.. ..:�....r ' , . ' __ - , il.• +::....:�.��''�$,..:�zx..-.. . .• . ..�„� ! I'; _ ..:. .._ ,.... , .: �=rt__--.- '_-"' -.-" �..._....- -- • °�..�-"_�,-`----------- � •---------� - -----�-- . v�4g�S�^HtL��n*vrri'nk'T�"':*'.°.R . _it•_"R�C'?"::�ir.-. �-- - ---- - ___: ..'_' _ __ _ . , ,.-�:,.:S L�£: .:!nr77'r.-'r3-�-.,e�,..e.......'.�-____._.. —___. k.�_ ._ �vJUS'fABL� ItA'TE �� 20Q276A2 _ =-- _ � (1 Yewr'�reasury Index-Rate Cap9) 9�W A�A�� _ .� '�t T��IS ADJUSTI��jI•F.RATB RIDFR is made this 23RD J dny of MAY =___ 1996 ,and is incorporutcd into ond siiuii t�c d�� Vµ�V��2'"�'�F��E�"'�t Iha 1ldnrtaa¢C.Ur.ui of __ Trust or Security Dccd(thL"Security Instrument")of tlie smi�e dnte givcn by th�undersigned(the "Borrower")to secm�e thc Borrower's Adjustable liate Notc(the"Note")to The Eouiteble Building end Loen 65�ocietion ot Orand lslen�, Hebreske, A Federel Sevings 9enk (the"Lender")of the sume dute and coveriog the property described in the Security Instrument and located nt: 2817 W KOENIG ST GRAND ISLANDm�NEBR�ASKA 688Q3-5363 `___ THE NO�E �ONTAINS PROVISIONS ALLOWING FOR CHANCiES IN TIiE IPITEREST RA7E AND TNE MONTHLY PAYMENT. THE NOTE UMIYS THE AFNOUNT YHE BORROWER'S INTEREST RATE CAN CHANt3E A7 ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL CUVENANTS.In addition to the covena�its und agre.sments made in the Security Instrument, f Bonower und Lender further covenant und egrce as follows: p,INTEgEST RATE ANU MONTHLY YAYMENT CHANGES The Note provides for an initlal interest rate of 7.12 5 %.The Note provides for changes 1n the interest n�te and che monthly payments,as follows: 4.INTEREST RATE AiYD MONTHI.Y PAYNiEI�T CHANGES ^-•-- tf+i��e„�►�F, 2001 ,and on that The interest rate I will pay may change on thc first duy of J U N E , day every 12th month theretif3er.Each date on which my interest rate could change is callecl a"Change Date." (B)The Index ' Beginning with the first Cha��ge Date,my intcrest rnte will bc b�sed on an Index.The "Indea"is the wetkly avernge yield on United States Treasury securltics adjusted to a wnstant maturity of 1 ycar. as mada availsble by the Federal Reservc Board.Th�e most recent Indea figure available as of the date 45 days before each Cha��gc Date is callal the"Cnrrent Index." If the Index is no longer available, the Ldote Holder wlll choose a new index which is basod upon comparable informatlan.The Note Holder wlll give me notice of thls choice. (G7 Catculatiou ot Changes B.fore p.2=h�h=!ng�h�`e, rhe Note Holder will calculate my new interest rate by adding �p percentage point(s)( 2•t�(� 90)to the C.��tent Iexlea, The 1Vate Holdzr will then round the result of this addltion to the nearest one-eighth of one percentago point(0.125°b).Subject to die limits stated in Sec¢ion 4(D)below. this rounded amount will be my new inurest _ rate ur�ul the next Changc.Uate. � � �� ^�� Y�„„��o�ff:�iPnt fn rPnax tltC _ The Note Holder will then determine the w��uu��i�,tua L.�:�u�=y�•iu.�:�^...�s.— �-.------- - unpatd principal that 1 um cxpocted to owe at the Change Aate in full on tl�e Maturity Dzte at my iscw�nteresi rsRe in subs•.antially equaE payments.The result of this calculation will be the new amount of my monthly paymept. (Ip)Limtts on Interest Rate Changes ��2 5 � The intcrest rate I vn required to pay at che tirst Change Date well noi be g��es�tcr tha�� ar less than 5.125 �'o.Thercafter.my interest rate will never be incrcasai or decrea.sed on any single Change Date by morc than two percentage points(2.0`Jb)from the cate of imerest I have been payinp, for the pr�ceding twelvc months. My interest rate will never be greater than �2.�25 `3(°. My interest rate wi11 never be lower than 5.125�5. (F.)Ei'[ective Date of Changcs My new interest rate will become effective on cach Change Date. I wil!pay the:�mount of my new manthly payment bcgiMing on the first monthly payment date after the Changc Date until ihe amount of my monthly payment changes again. (F�Nottce of Changes . ...eu �_�e..Y_��u�....,�o....a,.,..,f o.,.,�hanor�in mv intcrest�'ste nntl thC amount of my IRC 1`�VCC llVttici w�n uca�•�a w ...m........�«.....-�-.—� "—v— � monthly payment before the effective date of uny change.Thc noiice will include information reyuired by law to _= be given n�c and ulso thc title and tclephone numbcr of u pctson who will answer any qucsdon I may have _. - rcgurding the noticc. _i MULTISTATE QDJUS�fABIE RATE RinER-ARM 6•2•Sinfllo Famfly•Fanrle Mae/Fwddie Meo Unita[m In�truNwtM�,�.. ,: Fam 3911 3/86 .`•� �.822A 103061 Vh1P MOHTC�AGE FOf1M5•10001321.7Y81 � PrmieA on Mcycled P�per -; � �� � �:� . __ .. ... _ . ._ .