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<br /> • ` 1t�F�NCL 7'0 96-108L10 L0� 54. iIUL�'L�'S SUlIUIVISION. CIT1t OF CRAND ISiAND, HALL -
<br /> � ADJUSTABLF RATE PtiaER � COUNTY. N�.
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<br /> THIS ADJUSTA�l.E RAT�RIqER is msdo thi� 21�t d�y of Oatober .1996 . _
<br />. and k tntarpatatad i�►to anfl shsli ba dsime�to anend and auppknwtt th�Matpap�. Ua�d of Truat oF Sac+xtcv
<br /> Ored ttha"Sacurity InrtrumanY) of tha zsma date aiwr►bY�underti�,lned (the"Barrawar')t�sacure Bonowu's
<br /> Adjua�Y2�FiGia Pfa�ia tt+`1�'N�►�')ta Cu"�CIr1L �'aDiT C�3AF�wATYOtr
<br /> idu•U.�r')of th�sartu dau and cavuinp tha proparty d�scribsd in th�S�cwity InstrumMt lacatad at:
<br /> �ZO JOfDTSQN D3t (iRnDiD aSIJ1DiD, NE 68803
<br /> {ha�p�rty AddnsW
<br /> THE NC1TE CONTAINS PROVISIONS ALLOWlNG FOR CFiANGES IN THE INTEREST RATE AND THE MONTHLY
<br /> PAYMENT.THE NOT�UMITS THE MAXIMUM RATE THE BORROWEH MUSY PAY.
<br /> Additic�al Cov�nsnU. I�addition to the covenac�ts and apreements made in the Secu�ity Insuuma�L Borrower and
<br /> L�xNr fwthar Cov�a�1L snd ap�ee as follows:
<br /> INTEREST RATE AND MONTHLY PAYMENT CHANGES:Th�Nota provid�s for ar�iNtial ir►terest raU s�t ford�aa in
<br /> tM Nots.Th�Not�provitMs for ch�qat in ttw intwst rst�and the monthiY WYments.as foYows:
<br /> Th� intwast nt� Barawx wiU pay may chan�e on t1w3 month annivers�y et ttw DsU of Nots snd �wry�
<br /> months th�rWfcK. Esch data on which eonower's interest�3s could chsnae ts call�d a'Chacpe Dste.'
<br /> B�pinnin�with th�fust �hanpe Date and ever�o 3 months tharoaftsr. Borrower's i�tsrest nu will b�chanpsd to
<br /> dw Ind�x Rat�plus s marpin as sst fath in the Not�. The 'Ind�x Rats' is ths hi�hest prim�rat�puWished in the
<br /> Mawy Rsas cokxnn of 71�Will Swer Joumal on tt�s caMndar daY��r P���d�0� ���:or. if
<br /> dw Induc wss not cwwistwd on thae d�y.tfiat rats on dtis ne�xt prsc�din�dar on wnicn it wss oublistwd.
<br /> ALTERNATE lNOEX: If t9�s Indsx Rats is no lapsr avsilabls, La�dor will choos�s n�w Indsx Rate which it bMi�vos
<br /> w�lf rtast cbtety approx�mats tha forrnsr Indax Rats.
<br /> LIMITS OK RATE CHANGES:Tha�ximum and minimura iaoxsst ratss durinp ths kfs of this ia�n aa sst faeAh in
<br /> tfi�Not�. .
<br />" MONTHIY PAYMENTS: Pri�cipal and intsrest shs� bs payabls in co�sscutiv� monthly instslirn�nts. If tiu rat� of
<br /> interost chan�es, ths number of mo�thlY PaYments witl not chan�e. Ths amount of tAs monthlY P�Y�ts wiH
<br /> chanps to ths monthly amount nsed�d to rspay ths ramaininp unpsid princ:psl balance Wus intsrsst as chsnQ�d in
<br />-, ths ransininp numbW of paYments, sssuminp thst aU psyments dus aftsr ths calculation u� mads ue psid ss
<br /> sch�dW�d. Th� fxst chsny�, if any. ln tfw ma�►th1Y p�Y�t amount wW b�corrw �ff�ctiw on ttw 3 month
<br /> armiverssry daa of the 4+�st paymw►t dw dats. Subsaqwnt chsn�s�in ths monthly PaYm�nt ama,nt may occur on
<br />} tt►� P�Ym�esx dw dat� •v�ry 3 months tt��aftsr. �d� rrew paym�nt artwunt wiY r�nain in �ff�ct until th�
<br /> �ff�ctivf�ps.�of tfw nYxt PaYmer►t chsrWe• .
<br /> � DEFAiILT: ff Borrower fails to P�Y�Y PaYmtnxt when dus. Lendsr msy exsrcise any remedies D��d bY the
<br /> S�rity Instr�n�t in tlw cas�of dafautt.
<br /> > By Siarwrp BNow. B�rowor scc�pts and spr�ss W tfw t�rms and covansnis co�tiir�sd '+n this Aqjuttabls R�ts
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<br /> ' $orrow.r � �Bonowu
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