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<br /> . _._... , 92-- 305989 -
<br /> • ADJUSTABLE RATE R1DER �
<br />° . � U Yar Traaury Index•Wte Gps)
<br /> , THISADJUSTABLBRAT@RIDERhmadelhi� ��t d�yoP July �19 92 .
<br />- ' . �nd is Incorpo�atal into�nd�hall bo doemed to amend and�upplement the Mon�ye� Decd of Trust,or Secu�ity Deed (lhe •'SocudtY
<br /> u
<br />" ' �r-•" Innrument")of the�ame daNa tiven by the undenlanod(lhe"Barrowa")ta teCUro Bottower's Adjust�bie Wte Noto(the•'Nde'y to MOMg
<br /> °. ..�x":.:�`�;•�"' �C�R!L SAVI�108�LOAN A8SOCIATION OF GRANO ISLAND.NESRABKA(the •'I.ende►•')oi the wne date usd covaint�he
<br />_ ` ','., property daaibed in the Secwity Inctrummt md bptad�t:
<br />-- b�� . .
<br /> `"���"��'`�� 2104 Barbara Ave., Grand Island, NE 68903 � -�-
<br /> ....�-..--;.,
<br /> (Property Addrea)
<br /> - ..�„�_.e'.:`.��'.r.�' „�.
<br /> �,�"+.,", '> TW wte co�Ul� yrovWoa��Ilowl� ta c��a I� wy I�knst nit ud oy wwlYir
<br /> -tF'b�cL���a:✓�- � p�y�la.TMis�olt dw Ilrlu IMe awor�l�y I�IenN rN�ea�ciup N u�o�e IIM IiM
<br /> �"�";yj�;«-�,.� �!w IM�w�M IM�ul�o nte 1�ul psy.
<br /> �.,:.s. _.:r�'�.�
<br /> — .--eY==._,. -..�y�� ADDITtONAL COVBNANTS. ta addition a the covenanu aad a��aanena aa�de in�be SecudtY lrutcua►eat�Borrower and I�nd�r ---
<br /> ��y� ��..Y-'.�+ �UtihltCOVl11�III WId�at�OIIOWii
<br /> �'�'_•:_.''yT:r...r
<br /> �;,r i;;'� }�• �„� A. INTER�bT RATE AND MONTHLY PAYII�EI�T CHAN(iE8
<br /> �r,,. ,x 71ie Note provida ior an ini�l in�erat rate oP ts•� �,Sectfon 4 of the Note providea for�.hanQes fa tia iatercat nu u�d tbe
<br /> �.'��;.::;,:r. . �
<br /> ��•� - monthly paymenb,as follows;
<br /> ��• ,
<br /> _—�� !..F,:}.a�..
<br /> — , ` u � 1. IN7�REST RAT£AND MONTHLY PA YMENT CHAN06S - -
<br /> ' •,"��.� .� U) CbsN�e I�la
<br /> -- �� `�'•''� '� �' TheinlerestratclwillpaymaychunQeonthefirstdeyof AugUSt ��993 ,�do��IMtdysrery
<br /> = t1+• �-
<br /> — �" ��� tW@ 1 Ve monQu thereaFter.Each dateon whlch my interest rate could chanae 1�calkd A"ChanQe D�te." -
<br /> � . , { . (Y) 7'Me I�des
<br /> ��I ; u..�.�. .�'�-
<br /> , Be�nnina with Ihe first ChnnYC 1)aie,roy ioierc�t ra�c will be based on an Indez.The"Indeu"is the weekly sveraQe yicW on United Suta
<br /> =- �•�::�" Trwsury saurltia adjuated lo a constant maturlty of I ywr,as made available by the Federal Reserve Board.'fhe maat�ecent�ndGC ti{ure
<br /> '�� , ��:i��ti�.. available w of thedate�S days bcfore each Chunge[htc is called the"Current Index."
<br />-__` . . ,_� If the Index is no IonQa avallable,�ho Nole HoMer wfU choose a new fndex whkh b b�ued upon comparAble infora►adon. 7Ua Nete =_�.
<br /> �, , � " Holderwill�ivem¢noticeotthis chofce.
<br /> : � �:,.�-,- .}�,,., cc► c�u.uoporcw�.�p
<br /> �- -.t &fore exch Chan4e D�te,the Note Hdder wiA caicuiate my new inieresl raie by rd�iin� thrQB �4 Qne-ha].f ��
<br /> '� � " ,• •• pofnts( '�-S A �h)�o the Current Inda and rounding to the nearat 1/8th of 1�1i,:ubject to the Iimita ctated in Sectlon 4(D)bdow. —
<br />-�T� ° � This rounded amount wlll be my new intarat rate unql the next Change Date.
<br />_�; ' �. ..��, The Note Holder wfll then dctermine the amount of the monthly payment Ilwt would be sufiicknt to repay in full the princ�al l un
<br />„�,'� • acpected to owe on thal Chanae Da�e in subs�anHally equal paymenu by the mowdty date at my aew intcrect rnta The rault of thb c�leul�don
<br /> ;;� , • wUl be the new amaunt of my monthly payment. _
<br /> . �
<br /> , A . • �L.�� Iy� IJm1�onlntera111�teC6�eQa _:
<br /> ' • �� " T� Interesl ratc I am requfred Io pay a1 thc first Change DAte will not be greaur than 10.0 qi2 r�ess ihan —
<br /> , � •a�-.�, 6•� 70.Thercafier,my interest rute will never be increased or decreased on any slnpleChange Date by morc than •�� ��
<br /> -��,�s+e�• . • from the rate of inura[1 heve been paying for�he preceding twelve mon�hs.The minimum imerest rate on this loan wfll never be
<br /> E±`,,-'
<br /> ���' ���_�,_0 9��nd the maxfmum interest rate wlll never be Qrea�er than 1 3.0 9�, -
<br /> -� ' ��µL .. —.
<br /> � � IEl Eftective D�le of CbAases �°.
<br /> :'�. �". �i � ---
<br /> :,,:� aF:•� � : , My new interest rate wfll become efkctive on ach Change Date.l will pay the amount of my new•monlhly payment beQinnina on the(r3t -""
<br /> —• . , '�- monthly payment date aRer�hc Chan�e Date unUl the amount oi my monthly paymem chanaes a�in. �"''
<br /> ~r�' �••�- � IF1 NoticeofChr�a
<br /> -h, ';s: .
<br /> .. The Note Holder wfll mdl or deliver to me a notice bcfore each Chan�e Date.The notice wUl�dvise me of: '
<br />'�� (i) Ihe new interest rote on my loan as of the Change Date:
<br /> n _�-
<br /> „�+�"'"• . (ip Ihe amount of my monthly paymem following the Chnnge Date: �
<br /> - � - (iii) any additional motters which the Note Holder fs required to disclosr,and r""_
<br />�_' ,•;;�y' (iv) the addrcssof the associatfon you could mntact«Qardin�eny quations ebout the edjustment notice. �
<br /> .'k�� . �:
<br /> �„ , • _ B. CHARGES;LIEN5 --
<br /> � ' Uniform Covenant 4 of the Seeuri�y Instrument is amended to read as follows:
<br /> � 1. CY�rRer;Litro.Borrowa shall pay all taxes,asussments,and other charges,fines,and imposl�ions nuributabk to the Propeny whi�ti may �.
<br /> ottnin o prlority over this Security Instrument,and Itasehold p�yments of ground rents,if any,in the manner provided under parugraph 2 hereof ' -
<br /> � or,if not{�Id in such man ner,by Borrower making payment,when due,directly to the payee thereof.Honower shall promptly furnish Lender .
<br /> � � all notices of amoun�s due under�his paragraph,and in the e�enl Borrox�cr chall makc payment diraUy,Burrower shall promptly furnlsh to `
<br />_ � .f Lender receipts evidencing such payments. Borrower sliall promptly dis�harge eny lien which has priority over this Securily Inslrument; k
<br /> however, Borrower chall not bc required to discharge any wch Hrn w Iong ns&�rrower: (a)shall agree in writing to the paymmt ot the H
<br /> �, obligotion ucured by sueh Ikn in�he manner acceptoble to I.ender;lb►�hall in good 1'aith conte�t such Ilen by,or defend against enforcement of ti
<br /> sueh Ilen in,legal proceedings w�hich in d�r opinion of Lcndrr onrate�a preven�the enforcemem of the lien or forfei�ure of the Pro�+erry or uny
<br /> • � �- ^ part�hereof;or(r)shall tctiure from 1hc holder af wch Gen an agreement in a furm satisfactory Io l.ender subordlnating such Ilen to lhis
<br />� a • Secudty Instrumrn�. �
<br /> If Lender determines ihat :�II ur um pan ��f ihr Pru�xny i�.ubjr��to a licn u•hich may ni�ain a pricxity o��er this Security Instroment, ,
<br /> ' _e.l_ �.t� .e...��..M.. t.
<br /> � , ..
<br />—_....-_ _ . . .. . _ . .. . . � "'"_"' ' ' '
<br /> �- ---t----� --- -----�— l.maer snm�g�ve norrow•cr a nuucc wcmii7�nK w�ii iiai, iiu • •• ..• ��.,. .��.,��... ..�......,..�.,....,......... �
<br /> �- - , • nvwci m�ru.MUi�y au�i�i�ci Li i:.f v . .
<br /> . � .. � within ten days of the glving of t hc noticc. €
<br /> l
<br /> • C. NOTICF. �
<br /> � Unifarm Covenem 14 of thcSccurit}•Inarumcnt is�menJec3�o read us followc: �
<br /> 1: 14. NoUn.�xcept Cor any nutice reyuirn!under applieable law tu Ix Qiven in�nuther manner,l01 any nu►ice w BurroNCr pmvided lur m�his
<br /> , .. Securlly Instrument shall lx given by delivering il or by moEling fl by first tlass mail to Burrower ol lhe{'ruperty Addre�s ur al such ot her address
<br /> , as Barcower may designote by nutf�r to Lender a,provkleai herem,anJ IM)any notice to Lender shall lk given by fint cluti mail to LenJer's
<br /> �� .� � oddras sl�tcd hercin or to such other nddrns as l emicr muy Jnigna�e by noti�Y to&�rrower as provided herein.Any no�ice provided for in thie
<br /> � " Secudty Instrument shull bedeemed to have becn Qireo�o iiorrower or Lender when given in the manner desi4ealed hetein.
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