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<br /> ADJUSTABY.E ItA'�'� P'.�DE�t 9�t)'�24�
<br /> ,.. ' (1 Yar Traiwry Index-Rate Cep�➢ :'Q4�77 7 5 .-.
<br /> THiS Anl(7S'C'ABL43 RATE?RIABR ii m�de thie 13TH day of S�pT�MB[R .
<br /> 1996 ,�nsl is incocporated Into and shall be deemed to amer,d�nd suppfemont the Mc�ct��o.nood of
<br /> 'Crust or Socu�ty Aood(the "Security Instn►ment")of the Ramc�tc given by the unders,ignai(the "8orrower")to
<br /> eecurc thc 13or�mver's Adjustabla Rate Note(the"Note")to .
<br /> The Eouitat�e Bui:�i�n9 and toan Associet�an of Orend Isiend, i+ebresMa, � Federal Savings 8enk
<br /> (the"Lenc��r")•of the same dute and covering tha p�perty descri6td ia tne Security lnstrnm�nt and l�ratod�R:
<br /> 921 F OtC1.Afit-�f�A AVE GRANf� I SL�N�D��1dF�B�ASKA 68801
<br /> � THE iM4'1'C �CQNTAINS PROVISIONS A�OWIN(i FOR CHAk(iES !N THE INTERE8T
<br /> RA7E'A�F� THE MQN7HLY PAYAIfENt. 7HE NOTE LINi1TS THE AMOUNT THE
<br /> 90RRAVIf�{i'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE
<br /> MAXIMUNI l�AT�7H�ktC7itFlfi�ylfrN i1�4i8i Pi�i�. .
<br />. ADDI'I'�OPi111�,C�V�NA,NTS.In eddition to die cove�nts w�d agrxm�nts made in the Security�.suuma�c. . .
<br /> Borrower and L,cnaer funher covenant and agra as follows:
<br /> A.INTE�tE.S'1•,�i.A,'xE AND INON'I'HLY PAYMENT CHANGF:S
<br /> The Natc pmvides for en±�;��f!�intR!�t Mi��f 7.625 %.The Note pmvidas for clungss in
<br />- thc intcrest mto a►td tbe monthly pay�ats,as follows:
<br /> - 4.INTERES'1'�1�1'C'1�AND MONTHLY PA'lT'�N'A'CNANGE.S ,
<br />- � .', .
<br /> M ' (A)Ciu�age Xlrt�} :. , �
<br />.� � The inter�t mta 1�w311 p�y may change on the first clep ofO�j08EN • C'001 ;��� �
<br /> _ dxy every 1211�annc�.`��hcrr.attec.L�ach dxte on which my Enteresi rate could change is cnliaf a"Chu�e D�te." .
<br /> � � �
<br /> � � (B)'I'hc Lui�:�d :'� . :�..' .
<br /> - J3eQiustii�w��i�,�+c:�:first Change Duc.my intcrest rste will�be b�rd aq�en Index. The"Iadea"is tbe wetkly
<br /> a avera�€..�ield on�.iaitai States T►+�asury securitias AdJusted t�A•��nstatit ipaturity of 1 yar,as�sswde avail�ble by �
<br /> ' the F'oderel I�csorvr Hoord.77�e u�ost rocent Index f!ge��e pv�s�i�ii�I9.�s.�+�,tbe datc 45 diys beforo aic6 Chtnge Date `., � �
<br /> � ia cailai thc'�1»'�tPt.indca.' ' . �. ' '
<br /> �-� If tBe Indcx i�pU t�oager availabte,the Note Holder wiil choose y new index whlctA is b�sed upon odtt�nu�bk ,
<br /> lllf0[I11A[�011.'!7►a.l�Tdte'Eiol�er will give me notice of this choice. • ,
<br /> � , ,
<br /> ;. iC)Calculwtiva o(Ctwn{Nes; . .�:�� �..:+��.'
<br /> ' Heforo caa1�,L"h�c�ro Ltate.tho Notc Holder wiU celcuinte roy new iat�est ratc by Aclding ��''�•�� :
<br /> ¢ TWO :�,;.� �. � percentagC paint(s)( 2.��U 5�)to the Currait . '••:t
<br /> � Index. 17�a t�Iotu,,,ri�c�l'aeC wIU then round the result of shis addi�iaa to tti,��ieare5t one-eishth mf one pa�e `,
<br /> '= point(0.125�'n1+,1�'4�;�to the limics stxttxl in Soction a(ID��e9ow,this rounded nmotnm v��iiil be my nGw ix►�at
<br /> - nde until d�o iitu�.'��![dnge D�te. � ' •
<br /> The Notc I��u1;Jleir;will ther►ddentiino tIx�nwunt of ihe moathlY WYmeut thr�t wou.lcl l�e cuff"i�ia�t to n}�ay tbe
<br /> ,� unpaid princin�l'��,i3frl!;atr�axpoctal to owc at the Chenge Dste in tLll an th�'Maturity Da'te.at my n�r�imtsrest rste �
<br /> :� in subst�u�dullv et({rWal'�r�ymu►ts.'The nsult of this cn(culation wi{I be the new amount pf aiiy,mont2ilY�yman::
<br /> � .
<br /> (D)1..imlta nn Iaisrait R+1te Chan�
<br /> �,,� '1'he jntcnist•.t�dtc�Am n�c�uiral to pey st the first C[wnge Date wiU not be grrnter than 9.S 2 5 9i '
<br /> or less ttun t�,;t�;�5 96.Thenafter,my interest rate arill neva be increased a dectt�sed at
<br /> ' any singlo C)yw f;a„Uate by moro thac►two percenta$n points(2.096)from the rste of inttreat I h�rve baa►pqio�
<br /> , for tt�e prxtx(tii�twelvc tnon�tis.My interat iate will nevcr b�greutsr thani 1�.625 96.
<br /> My �interbst rete wi11 never be 1ow;oc^ than 5.625x.
<br /> �� (E)Eftdctl�t+Date of C6png� . � ' .
<br /> .� • ... My new•liiU..hi�s!c:»ate will bxomc effxri�c on rach Cfuirige Jatc. �vii:l3:�y the ac�wunt of my new rnonthly
<br /> ° . 'p�yment begi�wit.r;!,�'un the first manthly paym�rat d:ue after the Char�ge !Uate until the amoun�.04;�ny manthly
<br /> ;�� . ay�„rnc c��,ge��n. . � . :
<br /> ' . � . .
<br /> ��.: ;i7 r►cKiee oi cnanres � � '
<br /> Thc N�ce Iioldtr will delivcr or mail to me a noticc of any changes;ir:r:tny�ntcnst tata and the Anwunt of my
<br /> � " monthly puymeat beforo d�c effxtive date of w�y chunga'The notice w„]��in'clude information raquimd by law to
<br /> � � be given tne and also the title and telephonc number of a person who wili answer any question I mny luve
<br /> rcgarcling tht twtia. .
<br /> IYRH.TiSTATf A0.IUSFABLE RA7E R�DER•ARM 6•2-Stngib ramfly•F«xil�Me1/FntNMe Mlw lhdfortn insttlAna�t:,� ,
<br /> � form 31 V 1 3/D6
<br /> �-42ZA 18�061 VMp MORTOAGE FOqM3•Itl001G21•y381 a Wirnkon IN�yciW�pw
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