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<br /> '�� YHtS ADJUSTABLE RATE R19ER is made thie 2iat �aY of octobsr .1996 . � '� _
<br /> � artd is incorpflra2ed into and shatl bs da��ed to amead and supptement tha Martgage, Desd of Ttn&4 ar Socurity , ��,� �
<br /> Qead ithe `SacuriYS+Insuum$rtt')�f the sama daYe given by the undarsige�ad�the°�onoe+er")w sacuro�or►o�var's r�°•`
<br /> `' Adjustable Rate Not�(the°Note°1 to eOi�RCxAr, Ct�rr Co��ioN _� _���'
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<br /> �f i��e'Le�d�')cs3�e eae�e data and coverhig tha prag�r4yr d:���in ths S�ueiiy l�ssuum�ni l�c�tr�si�,t: �
<br /> .� 102 S 17Tfi STRBST GRADID 28L�PIfl, N8 69801 •- �^''.
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<br /> THE �lOTE CONTAIPJS PROVlSIONS ALl01tJlIVti FOR CFIANtiES IN THE IPiTEAEST RATIE AND TF9� MOi�'H�Y �'.�_`=
<br /> P61YlVl�HT �IE N�TE L IMRS TF1E MAXIMUPA RA'rE TFiE BORR06V�R MUBT PAY. �'-�`��
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<br /> Additianal Covenants. tn additios�to th�s covenants and a8reements mada in tha Security In$uumant� Horrawer and ��`
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<br /> Lender further covenant and agree as follows: ''-=•°
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<br /> INTEREST RATE AND MONTNLY PAYMENT CHAN(3ES:The Note providas for�n initi�f ir►torest rata set for8h as in 3.,_�_`_�-_
<br />� tt�e Note. Tha IYote provides for chan es in t�hs interest rate and the monthty paymarrt�,as fot!�►vs: �� �
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<br /> 'Rae ir�terest rate Borrower wiD pay may change on the3 month anniversaa�►of tha Dato of Mo4e and every 3 ��`_'
<br />'�t^� montfis th�rea�ter.Each date an whtch Borrower's intas�^t rate cautd changa is cat'��i a°Chango�ate.' �;_��;;__....
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<br /> �+�' Beginnin� vri4h 4he fi�sY Chanse Date and ever19 3 months there�e+ar, Borro�nror's in4oresY rt�to w:�f 6e changed to °' =`---_
<br /> � •` � the Index �ate ptus a margin as set forth ir�the Note.Zhe 'Indsx f�te° is the bigltE►st prirtte rato pu�li�hed in the �
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<br /> N4oney Rates cotumn of The IrYal!�freei Jouma/on the catantlar d�y immediat�ly ptce�dir�p the Ch�ngo DBLe;or. if �--,""'�
<br />�. . the index mras not published on Lhat day,that rate an the next preced'�ng day a�s w'r�6..'�t4 wras pubicshed. ��-���
<br /> � r ALTERNATE tNDD(: If the Index Rate is�m ian�vz available,lendas wi(I choo3�s a na�nr lnd�x Rate whioh it belioves �'
<br /> .�.#:%t v+�iitt most ctoseiy aDProximate the torm�dr��c R�to. �`"�:,�e
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<br /> , UMITS OW RAT6 CHANGES:�ra mm.�drnum and minirnvrn�interost rates dur+n�qlha li�fn of th�s loa�aro set forth io '� � ��;,�!
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<br /> MOM'HLY PAYMEM'S: Principal and Mterest st�aU be payabie in �c►rr�sutive m�Mhty in�4til!mor►4s. If the rate cf =s��
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<br /> � i n t e r e s t c h a n p e s, t h e n u m b e r o f m o n t h l y p a y m e n t s w i!! not chart�a. The arnaw►i of 4ho monthl y pa ymonts wiU ;:
<br /> . ;,� cL�an�a Yo the moMhty amou�3 neederl w repay 4ha r�rn33ninD unpaid princ�p�.7�?�n��ptus intorost a�ch�nped in �_�.-��.:
<br /> tha.romaining nwr�ber of paWnen�tss, assurning that ali paymenta due after t�a 2�1�ulation aro made aro patd as ���`�
<br /> ��{ st��duled. The fir�t change, if any, �ro t,h� rrromhty payment am�ount will baoom� effo�tdva on the 3 month °�°�"
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<br /> �•`.;;�;� an�ivereary date af��rst payment du��lt�a. Subsequant chansas in tAa momAty paymzr�_amount may accur on -�,���,;
<br /> � che psyment due d2te every 3 montits t8eresfter. Each nsw p�yment�rnaunt �v�!���nsa�in In effact unti! the �—��''��-;,.
<br /> � effectivs d�te of 4he next RZ��s change. �`��
<br /> � DEFAULT: If Bomawer fails m pay any payments when duo, Ler+stBrr�ay ex�rr��so any ro7nodims parrr�i�ad by the ---�
<br /> Security lnsuume::4 in the case of defauft.
<br /> By S�QninQ Betow, Bnrroan+ar accepts and agrees to tha tomds an� cover,��'ta �antaia�od in this A��ble Rate ;,��_t����
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