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<br /> ' , " � • ADJUSTABL�RATE RIDEli92_ 10453'7' � -----L --"
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<br /> ' -� � � ' � (I Yar T�auury InAs�•Rate Gp�) �- ' --_� -
<br /> Mav . w 92 ��=—
<br /> ' THIS ADIUSTABLB BATS RIpBR l�m�dt Ihls_�_d�y af_- ' _
<br /> �----.._�._ ..
<br /> �nd U Inrnrporned In�o md�hdl be deemcd Io ammd�nd�upptemem Ihe Monpfte.Dced of True,or Secudly peed Uhe"SecudtS�Instromrnt 1 o r�_:=-, _.-___-
<br /> � R � th�wne dne�Ivm by�M unda�l�n�d IIh�"Banower"1�o ecur�Bor�ora'�AdJun�ble R�le Na�e ph�"Nou"110 MOYB RHD@RALIGRAND
<br /> . ° , �Q phe"Lendn"1 ot�M sun�du��nd onwrla��M prapeny daalb�d In�he 8eeurNr Inarumrnt�nd lopu�4 q: ° --
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<br /> ` ` , 615 Keiu�edy Drive. Grand Ialand NE 68803
<br /> �. � (P�operlyAddrat) -------
<br /> ^ ' TMN eole eo�1alM proHdo�u�Ibwl� fa c1�N�a I� sy I�leral nle ��d mr ao�tMi� �'��''"�!�''�'�-.
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<br /> _ , p�y�e�N.TMb w�e�bo Ilwlu�M�woN�t��btena�na c�clau��r�rry os��I�pad - - -- -----
<br /> • �Iw tts�al����d IM aual�wr nte 1�wl�r. ---- —
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<br /> ADDITIONAL COVBNAN7S.In�ddltlon to�ho covanRnu�nd�irxmeau m�de ia the Seou�ity In�tn�ment.Borrowar�nd Lender 4"=--- ��
<br /> • f�uth�r eovenanl pnd yra o tolbwi: �''�--_----
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<br /> � . ��Sl�'-'�_
<br /> ----� . - A. IM'ER�dT RA'!'F!ND MON7?ILY PAYMENT CNANGE�4 t'���=N'°:
<br /> . �• The fVate provida(a��n MNi�I Intaat ate af 8•0 9i.9ectlo�1 of the Note provldp for chan�es in�he interat rata uid tbe � `'`-`: -
<br /> � monthlr aY�u,a rollowa --
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<br /> +. /NTBRlsST RA7E AND MONTHL Y PAYM6NT CHANOGS ° �."'31�
<br /> �. IA) C1r�eO�ta �.r,. , ': , �
<br /> The Interat nte 1 will p�y may ch�n4e on the 8rst d�y of � ',v�
<br /> _ J�tne .19�_,�nd on tb�t day every �,. �,, ,�z��:
<br /> - . 12 monUu theraFter.Fach d�te on which my interai rrlecould ehanax iscalled a"Chanae Date." �:°���."�. �'
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<br /> . (BI TM IMac ".:�.:,}.�Y•A!s_�-
<br /> . . ;�:.Ysl;?xt�LL.
<br /> Be4lnnina with the firu Ch�ngelAte,my imera�rate will be ba�ed an an Ir.dex.The•`Indes"ix the wakly aver�ge yleld on Unlled Sla�es ;���;�?Yf.�;:'__
<br /> Trwury ucudtia ad usted lo o constam maturi�y of I car,as made avwilable by the Fedenl Rtye►ve Roard.The moi�recent Index fi4ure '`'rt
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<br /> " �vdl�ble u of Ihe dale 43 doya before e�ch Chan�e Date la called the"Cnrrenl I ndex." 5���"`"
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<br /> If the Index is no lon4cr availoble,the Nate Holder will choose�new index which ie based upon comperable infonnatloo.The Note '�.��=
<br /> , ' Holder will aive me noUce of�hi�cholce. - --___
<br /> •� �c► c.�aaoa or c�..�a �� ,
<br /> Betore each Ch�n�e Dne.�he No�e Holder wfll calculate my new Inlerni rate by addin��'�� � �'�lf percemage �='�:==�
<br /> points( 3•� pi)lo Ih•Currrnt Indac�nd roundina�o�he nea�al I/8th of I�Ji,wbjat to the Bmia aoted in Secdon I(D)below.
<br /> _ Thb rounded amoun!wlll be my new inlernt rate undl the next Change Due. p � _
<br /> - - - ----_ 'iiie Wwe Huldrr wiii ihm�dNrrmhrc.i8e riouunl of IiK munti+i � meni ihii wauld br sufflcirni ta tcpay In lall thc printl�!!am ��.,",:'`-`_-
<br /> �. Y N Y t ..�rcc_--
<br /> enpected to owe on tha�Chm�e Date in wbetantially equat p�ymenu by�he m�turfly da�e a�my new interat rate.The resuh of Ihis cakuluion s•=-
<br /> " . wlll be the new�mount of my monthlY psyment. �y�
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<br /> . lD) I.iwlu o�I�teral Rale CM��ea :...,,_: �•.�.,
<br /> 'fhe interat rau I am requked to pay at the Rrst Chenge Date wfll no� ne s�eACe �nan __1D.�0____n• or las �hpn " -
<br /> • (�nn r,�,r�reofler,my interest rate will never be incrcased or decrcaRed on any+Inale Choag�Da�e by more than 7,ti,ip �•. „
<br /> � (7_AR 1 from the rate of interat I hwe been payfng for the preceding Iwelvc momhR.The minimum imeresl rate on lhia loan wNl neva be �. °
<br /> . . �ps�� 5.50 �i and the macfmum Mterat ra�e will never be Qreaer than 12.50 q�, `-
<br /> �.�:fa�--
<br /> t ' . IE) Effecpre 11n1e olChsaRa ��:"'�'''-
<br /> My new interat nIC wlll become efkctive on each Change Dale.I wlll pry the amount ot my new monthly paymenl begmni�g on ihe Grst � "�
<br /> monthly p�yment date aRer�he ChaaQC D�te untll the amount of my monthly paymrnt chanQe��Qein. � ,,_,•=
<br /> • (F► NotkeotCA�n�a ,
<br /> ;r',� ' The Note Holder wfll mail or deliver lo me o noUce before each Chm�e Date.The notice will advi�e me oL• � . , �.--
<br /> �"�;�!; : � (i) the new intereat r�te on my loan u of�he Change Date; •
<br /> : � � °• � pp the amount of my monthly payment followfnQ the Change Dite; • '
<br /> ' (ifi) any additlonal mplurs whkh the Note HoWer is required to disclose;and
<br /> pv) the addreu of the uso�i�Uon you rnuW contact re�ardina aaf quatforo about the adjuatment notice. k ���•�"
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<br /> .. ' B. CHARCESi LIENS � . ::�t"`.:
<br /> Udtorm Covenmt 4 of the Secudty Imuument i��mended to rend m foNows. � ;- �
<br /> -'��. 4. CM�na=I,kM.Borrower sh�ll p�y�II taxes,usessments,and other ch4raa.fina,and imposiNons attributable to�he Propeny which m�y f
<br /> , �ttdn�prlority over this Security Inatrument,and Icasehold paymenta otarou�rents.if any,in the manner provided under par�nph 2 hereof
<br /> �� or,it not p�id in tuch manner,by Borrower makin�payment,when due,directly to the paya thercof.Borrower ahall promptly furnhh Lenda � �
<br /> t dl nottoa of unounls due under thi�paragraph,�nd in the event Borrower shall m�ke payment directly,Borcower�hell promptly furnish to ' � �
<br /> � � I.ender reafpu evidencing�uch paymenb. Bortower shall promptly OVechuQe�ny lien which has priority over thl:Securfty Imtrument;
<br /> ' however,Borrower shall not be requfred to dfuharge any such Ikn so lon�w Borcower:IU shall agra In writinQ to the p�yment af the ,
<br /> obliptfon secured by such lien in the monner acceptable to Lender;(b)sAdl in{ood faith coniat such lien by,or defend against enforeement of
<br /> r. sueh Ikn In,1e4a1 praeedinge which In the opinion ot Lender operate to prcveat the enforcemeM of the lien or forfeiturc of the Property or eny
<br /> �';:�:�!� pan theieof;w(c)�holl secure from the holder of such flen an�reaaent in �fonn ati:facto►y to Lender subordinntfna auch Ilen to thls
<br /> ' , Security instrumenl.
<br /> ��� If Lender detetmines Ihot ali ot ony part of the Propmy is sub�ec�to�iien wfiich may atlaln a priority over Ihis Securily In�trumenl,
<br /> Lender shdl Qfve Borrower o notice IdentifylnQ wch Ifrn.8orrower shdl satisfy sueh lien or take one or more oi the actions set fa�h above
<br /> T within ten dny�of the afvfn�ot the notice.
<br /> — _ _ ' � C. NOTICE .
<br /> --- - 1 Unitorm Covenant 14 uf ehe Security Insaument is�mended to read as fdlows:
<br /> � 11. Notkt.Except for any notice required under applfcable Isw lo be glren in anolher manner,(a)any notice to Borroxer provided for in Ihic
<br /> � SecuHty Instrument shall be�tiven by delivering it or by maflfeg it by firsl elass mail to Borrower at the Property Addras or nt such other address
<br /> I as Borrower m�y dsignute by noNce�o Lender as provided hereio,and Ib)any aollce lo Lender sholl be gfven by firs�clacs mail lo I.ender't
<br /> addras su�ed herefn or��such o�her addras as Lender may desiRn±ie by no�fce�o Norrower a�provideJ hereln.Any notice provided for in�I�iti
<br /> Secur�ty Imtrument shall be deemed to ha�e ban giaen lo Borrowcr or Lcnder wAtn�iven M Ihe manner designa�ed herein.
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