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�e� �..-.'-- .. � -.. <br /> .I Y�1'I � I�A!!/7'P/er• ' ���� <br /> . . .r?ef�Jl ,f W►�1"n«• ` • - � <br /> r�. �` ,". <br /> ..' ._�_�..,. <br /> . .. . ._.___ ..... <br /> r •.�;..a__., -�— --- _�. - - - <br />_ _ _ _ --- <br /> _ _ __ _ _ -- _ _ _ _ <br /> . � , . - <br /> ` ADJtT�'TABLF RA'T� RID�R <br /> -- (1 Xrer Ter�aury I�dex-Rste Ca�n) 2 0 0 2 7 7 7 8 � — <br /> • � 9E�- i�'�31� <br /> THISAD]USTAkILE RATS RInER is m�de this 13TH day of SEPTEMBER � , <br /> 19 96 ,� is i�cpot�ated int�rrd sfu�l! be damed to a�t�enc�and supplement the Mortg�e.Qeod of <br /> 7cuat or Secudty Deal(tbe "Security Instrume�t')of the aarne date given by tho undersigned(the"Aotmwor")tn <br /> socure Iho 8cirrower's Ad'ustable lt�te Not�(the"Na�")to � <br /> ;'h,e Eq��tahle 9uildi�g an� Laan Agsotiation o} Grand Is1ceC, Habraska, A Faderal 5avings Bank <br /> (ihe"l,ender")of the sum date u�cov..ring t!w property dcscrit�ed in the Sxudty Insuumtnt and loc�ttd x!: <br /> 8Q5 SWEE74VOOR DR GRAND ISLAND, NEB�RASKA 68803 <br /> [PropertY Addre+�). • <br /> TI�IE NOTE CUNTAIN� PiiOVIS�lONB AL�nV1fNN3 FOR CHAN�ES IN TtiE INTERE$T <br /> It�RTE AIdD THE MOIMTi1l.Y PAYMENT, THE NQTE IJMITS THE AMt1UNT THE <br /> df�)RROYVER'8 Ili1TERL�ST RATE CAN CHAWOE AT ANY OIYE 7'IME ANQ Tki� <br /> MAXIMUM RATE TNE BORROMIEI`�MUST Pd1Y. . � <br /> ADilITI�'1NAI.COVENANTS.In addition to the cc�aanants and agreem�a�ts m�de in the Secudty Inttnwxnt. <br /> �oerower uid I.mder furlher covenmt and agra as follows: <br /> A.IIVTF.itE.S'I'RATE ANU MONTHI.Y PAYMENT ClIANGES � <br /> The Nota provides for�n initul intcrost nte of 7.375 96.The Noto ptovida fa ctwngas in <br /> �j�������Y�Y��,+�fullaws: <br /> �1.TN'1'E1tE.ST RATE ANQ MOld7'fII.Y PAYII�NT CNANGE9 . <br /> (A)G'lro�e Drte� ' <br /> The inDere;gt rate I will pay may chrnge on t1�e first day oACTOBER , 20�1 ,wd.on tt►tR <br /> dey evsry 12th month thereafter.Fsch date or►whici►my intGCest raie oouid c�ssnge Is c.�:�:�"C'hing:.Ihta.' , <br /> . , <br /> (a)Tre Iadeat . . <br /> B��ivain�with tLe fitat C1�ngc Date.my inte�at r�te will be bo�od cm an Index.Tlit�"L�dex" u dt�we�)� . �� <br /> �ver�e yidd on Uaited Sq�es Troawry securities adyusted W a c�uuswx m�mri�y�f E�;�::;.�..:^..�,.-a�:I�a by <br /> . the Faia�t Ra+erve Bond. The moet racoat[ndoa fi�►re�vaiWrle�af tbe date 43 c1rY;bci�oke e�s Cl�n►�e�ta .• _ <br />. �E C�CQ�k��.waca�►�CX.� , �� .. <br /> If the lndex is no lcioaer avWable. the Nate t�Ic�ldet will efwoae a oew i�deai whieh i�ba+od�►oa oc44a�r�bia . <br /> „ it�rarKioa.11x Note H�Ida Mill�ive me notloe at thia choioe. . <br /> (C!CakoMtio�ot CVn�ea ':; � ; . <br /> Bafate a�ch�Ch�nge D�te.the Nate Holder wi�t alcul�ce ray new intaoesc rale by acWiu� ! <br /> � P�'��1��(s)( 2.000 x�����., :: <br /> .Ldex. '[�e Nate Holda will then round the reaWt o[this additian a the nare�t ono-agbth of ooe piid+a�a <br /> Pant(0.1255K). Subject to the limits sGted in 5ection 4(D)bdow,tLia muns{od amuuat will be my uew i�t , <br /> ra1�e witil ttl�ee nezt t,lw�ge D�te. <br /> T4e Nooe H�da wil!then determine the amo��at of the inomt!ilY p�Yaxot tl�t would be su!'lfcient ta irogay t4e: . <br /> uo�id Prin,�l th�t I un expxtod to owe at the C'hange Date in full on the Maauiry D�te at my aew iditaaet t�ees . <br /> ��lY�PQY�s.The r�lt of this calculuion wiU be the nerv amount of my maatfily p�pment• <br /> . %r <br /> fJO�.�;�r+ib on Iotet+cat R�le�;'�at+�ea `;, .:,.. <br /> ��'h���lecrat rete I am required tb'paY at the first CtWn�t D�te wUt not be grater tbaa g.3 7 5 �; . <br /> '� or ka�un 5..'7.`� %.'I1aaalter,my interest rue will ncver be incrdtsod or decr�ro�ooa. '' <br /> • �ueX.san�te Chang��Daie by mo�than two poro�c:ttage pointa(2.096)fmrn the rntee of iAtae.�t I hivc tabra p�yici� �', <br /> ' ' fix-.ti��'seoedir�tw'tive month.g.,,My interess rst�'will never be grtater than 12.3 7 5 �. <br /> My ��n.`�',9rest rate wi � B never be lowe�• than 5.375�. � � <br /> �,; ��ta�ive I�e atClu�agee <br /> � .• � My �v in�;s��wiA bxome effocti�c�a►4•ach Changa D�te.I will�uy t4e�saint of my�w,;onae�t,iy. %. <br /> , . p�yma�t 6eginning�a�'the farst monttilY PAYmemc due�fter the Change D�sa.until the aunount of uu;;�rrw�nthl}• <br /> P�Y.nx�t ch�nges sg�iin. � . <br /> :`�• <br /> �i7 rioti�x aF c�ae�te - . . . . -_ <br /> 'Ib�Note Holdef w111 deliver or cnail to me a notice of�ny chang�a in my intu�est t�te and Ux:�nR of my <br /> manthly p�yment before the effective dut�of any cbactge.TIK notice will inc�ude infomNtiun�tqu'rcui�y l�►�r ta � <br /> be �iven mt ar►d alsr� the tidc and tetephone numher of a person wtw will unswer �ny qutxdat I rrny�hJvY•� � <br /> � rogarding the nntice. _ <br /> � <br /> 1 <br /> MAJI.TI6YATE ADJU8TABLE RATE RIOfR-AWM 6•2-Sinpls Fnntly•Fanaie MrelFndclN aMc 17�NOrm k+�VunMnt, . <br /> F�3111�/�6.', <br /> �•92ZIt���� v�+r�aonrc;�FanMS•�eoo�e:�•nai � c+�aa,n.crwar.o.� <br />