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; . , � • 201007834 , • . , . • • , . , . Upon reculpt of pa�►rrwnt ot tlM priar bid, Trusls� shall d+llwrto tlw pur+chw:rrTrusY�'s d�rd c:onv�eyin�ths Prop�rly.'{''� r�rcihls In tlw 1'rusls�"s doed shail b� primt� facis �vid�ncs oY tlw trulh of the statemants meds tlw�in. Trus�e� shall apply� th� pt+ocs�dsaf thr s�l� in 11� tollowMq order: (a) tn all costsand expensesof exerdsing�s pawer af rals, and Nrw qls. includin�the p�ynwnt of ths Trus�se's � ac1w11y ihcunr�dand nasonableatborr»ys' 1� as psrmit�[t bll'�PPiicublelavr; (b) #o all sunrs aecurrd by this S�curily Instrurr�snt; and (a) any exa�ss b tfa p�rson or paraons legally entitled to It„ � 21. Lisn Priortty. The iull arnourrt secured by this 5ecurfty Instrurr�errt s�ll t�ave a lien positbn pri�ritY subordinate ony m tha tu� amourrt seajred Iyy the First 5ecuriiy Inatnunent. 22. AdjustabMRs� Festuro. Under the Seoond Note, the �titlel iMer+�t rate of 2.5�7 76 wnicn acaves on tne unp�idp� napa� nalanoe ("�nitla� �ntenest Rate^) is subject �a the c�n�e, as descrfbed bebw. When the int�t rgte ct�arpea, the t�w adjusted �r�ter�sst rate wia 6e appliea �o tna tota� outstandir� p�;ncip�� b�mnce. EaGn aajustme�t m tne IMerest rate wiN be besed upon the average of inferbank ofFered ret�s fw� on�mnnth U.S. dollarileriam�ated depoaits tn the Landon market ("LIBOR"), as publ�hed in The Well SYi+set Joumal, rour�ded �n three di�its �o the right of the deama) pdr►t, ("Indeac") �s a mer�in. If the Index is no br�ger ava{labla, Lender wiY use as a new Index ar�y index pr+escribed �r the Secr+�ry. Lender w�l girre Borrower notice of the new Ir►de�c. Lender vvill p�nrm the ca�ufations described babw �o deterrnine the nsw ad�sted �ere�t rate. The irrterest rete mey on the first dey of �R 2010 , and on thet day af e�ch succeeding yeer x�the flrst day of �ach succeedinq manth ("Ctwnge Date") I the loan is rep�id in iuN. The "CurreM Iridex" me�ns the most recerit Index figure avallable 30 deys be�bre the Char�ge Dete, and ff the day that is 3d days beTore tha Cher�e Date is rwt a Sunday or Monday and not ift� flrst busine�s day of the week, �e Cument Inde�t wili be the Ir�dex s�s pubilshed f� fir'st business day of that week. If the day thet is 30 deys be�r+a the C�r�e Date is a Sunday or Monday and nct the fust business day of the week� the Ct�rrent I� wN be the Index aa p►�iahed 1he ftrst bu�iness day of the immedi�tely pritir week. Before each Chanpe Date, the r�e�w inter�e�t r�ate wiq be calculated� addq� a ma ta the Cumennt Index. The s�n ot the mempm �eted t ir�terest RBte will wiN be ca the "�ala�ated Inte�t Rate �or e�ch Charpe Date. The� Cs ba oomp�red �n the iMere�t rate in effed �nmedi�tety prior to the cxirrent Charge Date (the "Existing IMerest Rate")' � (Mnually A�usting Vaniable Rats Fe�t�+e) Tt►e Calculated Interest Rate cannot be mare the�n 2.O�fo higher ar bwer fhan the Existing Interest Rate, nor can it be mo� than 5.Oqb higher ar Iower than the Initlal Interest Rate. Q(Monthy A,djusting Va�iable Rate Fe�ture) The Celcul�ted Intere�t Rat�a wfN never �se above �zvg w+� s��/�000 peroent ( zz . s��r %)- The Calcui�ted Intere�t Rate wiN be adjusted if necessary �o comply_ with tF� �ste limi�aiian(s) and will be in effed uM� the riext Change Dete. At ar�y Chenge Date, if the Cala�ted Intere�st Rate equals 1he Exi�tiny IMerest Rats. the intenest rate wAI r�t change. �3- Rw:onveYanc�-UPa'� paYmer�t of aY sums secured by th� 3ecuritY Instrument� Lender shali request Tn�stee ta reoanvey the Property and shall surrender this Securtty (rwt�vmerrt and aN rwt� evidenc3ng debt secured hy this Serx�riiy Instrument tea Tnastee. Tr�tee s�ll reconvey the Properiy withaut warraMy to the person a� per^�or�s IegaUy ent�led � it. Such persan or pe�ar�s she�ll PeY �ny racordation oasts. Lendew may char�ge such person or persons a Tee i�or recorneyin� the Property, but anly if the 1`ee Is paid ta a thir�d Pa�'tY (such as the Tru�tee) far servicas render�ed and the charyin� of ihe fee is penm�ted under ap�licahie law. 24. SubstlWleTrusi�. Lendrr, �t its opflon. may trom time ta lime remove Tru��ee and appoint a succ�sor trustes b any Trustee appointed hereunder by an inetrumeM reoorded in the aourri�► in which this Seaurit�r Instrumerit is r�caded. Without convey�nce af the Property, the succ�ssor tru�tee shaN succeed �o aR the title, pawer and dutles oanferred upon Tru�tee herein and by applicable lew. �r. R�quast �or No�. Bornower requests tt�t copies of the notiv�s af de�ault and ssle be sent to 8orrowe�s addre�s which is the Property Address. Firat M�erloan Lo�r► PraducUon Sarvioss Nebra�ka HECM ARM Sacand SsaurMy Instrumant O 2aaB r•�c �ar, r� � sow,mn� LLc Fn��s # s�ro : oerne pape T na��. �es�aNE �a..r��