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<br /> L -��"'`"""""�"'� , ADJUSrAHLE RA'TE RID��t�j ��`�� 10��s
<br /> — (1 YarTra�ury Ipdac•WuC�pi)
<br /> -----� .
<br /> --- — .19 � '
<br /> —_ ��s nu�usTnei.B�u►�a�paR u mm•ro�• 4?TH a.y oe 7ULY 92 ----
<br /> -_- �nd Is inoor�wr�t�d Into uid�hWl be dMr.wd lo amnid�nd wpplement Ihs Mon{atc,Deed ot Trust.or SecuritY�U�"��ty la�trument")uf
<br /> c: �N�wne diu�{iva�by tht uadasl{n�d Uhe"Borrowsr")to�ocura Bortower't Adjua�We R�te Note llhe"Noto•')�o
<br /> �Q(tM"IwndK��l ot iM+�du��ad oovala��M ProD�Y dMatb�d In tla Srcurlty inqrwa�at u�d loaaud us
<br /> -^� _. .
<br /> -s�'� 839 E. PHOENIk, GRANCI ISLAA�O NE 66807
<br /> '�. (Property Addras)
<br /> TM4 rou eo�ul� pro.Wor tllowly ta cM�a 1��y I�taat nl��rd �f �Udr
<br /> �
<br /> � , _�,�� pAyw��p.T�V�ote dw qmlir iiN��o�r!a�y I�qral ntt a��cUap�I w�or tlM�M
<br /> 91i�is`��;ui,�.,: �No tM oltl���ui IM�iw�rnM 1�W p�y. ---
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<br /> �""°'4=> ADDITIONAL COVBNAN7'S.In�ddiUoa to Iha coven�au�nd�roemcnts mado in the SecuHty I�t.Borrmver+�ad I�nd�r
<br /> ���
<br /> �:.�����,��� fwthsr covemnt�nd�ra a�follo�:
<br />���r•�°9�
<br /> �� A, INTEitFBT RATL AND MONTHLY PAYMEIV�_CNANGFS
<br /> The Note pravWa tor�n inidd interat nte of 7•51J 4b.Secdon 4 of the Note provida far chan�a in ehe In[aat rat��ad th�
<br /> ^n=_ �,�.�.,� mmtthl9 D�Y��u�u followr. ----
<br /> ` u:i�
<br /> " • ����{ti'�• ' �1, /NT6REST RATE AND MONTHLY PAYhiENT CHAN08S
<br /> �°' (A) CYup D�1a
<br />- � 4 � e ntaat rats 1 wlll p�y m�y ch�n�o on thc fir�t day oP AUGUST ,19 93_,wnd on that d�Y�vety
<br /> ery
<br /> ..4 � �' ^ � �� momiu tharafter.Bach date on which my interat r�te could chan�e i�caltod�"Clun�e Date."
<br /> �'
<br /> . • �.:�� K�", l�� ���wa� _
<br /> , ..,.1; +1{t.;' Bp�innin;wllh the flnt Chan�{e Date,my intercst rate will be b�sed on nn Indcz.The"lodex"i�the weekly aver�e yleld on United Swta
<br /> • ° ��°� �r���..�2-^�Y" TIC�fUry fOCU�ItIli Yd)IItIM l0 i COIIftYtlt IIIpWrlly Of I YtAt.w mwdo avall�blc by the Federd Reserve Board.The mat reunc Index fl�ure
<br /> �` �,�`' ' '` �wilable u of tha date 43 days before cach Ch�n�e D�te(s r,dled the"Current Indez." �..
<br /> '��� '� " � ,n +:''�.' It Ihe Index is no lonaer avallable,thc Nae Holdcr will choose a ncw index which is based upon companbk infornuHon.The Note ----
<br /> ��.w,
<br /> 44r.�:�ii�:rs:�t' Nolder wIU aive me notke of this choic�.
<br /> �Y� - - — -__ _
<br /> . :; (Cl C�I�tlwotCM��a
<br /> • � '.,' "' � eetora ach Ch�nge Date,�he Note Holder wlll calculate my new interest rate by eddin� THREE AND ONE-HALF_p�rantaQe
<br /> ,. . ,: � a " , po�n��( 3.5 �W)to the Current Index and roundfna to the nwrat 1/Bth oi 19�,subject to the Ilmiu statod in Section 1(D)below.
<br /> �� •fi � 'i'his rounded unount will ba my new fnterat rate unUl�he next Chan�e Date. -
<br /> The Note Holder wfll then determine the amount of the monthly payment�hat wouid be aufflcfem�o repay in full the pdncipol I am _ _
<br /> ' '�!� ;• , ' apected to owe on that ChanQe Date in substen[ially equal paymenta by the matu�ity date at my new interat rate.The rault oi thk cxlculaUon
<br /> , °� . wNl be the new amount of my monthty payment.
<br /> �, '. '.`,•`, . .. .;:�.', lD) Ueiv w I�kral R�te CM�bQa '
<br /> Th interat rate 1 am required to pwy nt the fint ChanQe Date will not be Qreater than 9.50 �qL �� ��� ���-
<br /> •• � ''� " 5.�0 �,Thereaiter,my interest ratc will nevcr be increased or dcereased on ony sin�le Change Date by more than T��p
<br /> � A ' � from the ratc of interest I have been payina for the preceding twelve momhs.The minimum interest rNe on this loan will never be —
<br /> i' � ��� `� ,�< y" Ips than 5•� qi and�he m�imum Interat rate will naver Ix Q�eater than 12.50 q�, �
<br /> ���� r "'.°Y�.•.� . (L� EffecUrtD�teotClu��a
<br /> �' '+A►�r�W�. ' ,.
<br /> �� �" My new Interat rate wlll become eficetive on each ChanQc Date.1 wfll pay the amount of my new monthly payount beQianina on the 1(nl
<br /> -x
<br /> r ,,,��. ' � monthly psyment d�te�f�er the Ch�nae Date untll the pmount of my mon�hly payment ehan�a nsain.
<br />{.:" w.�..,.,, ..,
<br /> . ,, ..�� ., (Pl NoUcsofChm�a
<br /> . . •- 7'he Nate Holder will m�il or delfver to mc q notice before each ChonQe Date.Thc notice will advl�me ot: -- -
<br /> � �., p) the new interat nte on my loan as of the Chan�e Datr, _
<br />�-.,. �� ���� pl) the+�mount of my monthly payment following the ChanQe Date;
<br /> ''': �'���°b � (fil) �ny rddiUonal matten which the Note Holder ia required to disclose;and
<br /> • • �; ` ;;-- 3 , (fv) the�ddreu of theauocl¢tlon you aould contact reQardlnQ any quations rbout the adjustment notice.
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<br /> '' v B. CHARG�4=LIENS
<br /> }��� �,,,µ., d �� Un{form Covenant 4 of 1he Secuflty Intuumem is amended to read as follows: _
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<br /> � � � � 1,Cp�r{a;Lkm.Borrower ahall pay all twca,usessments,and other chorpes,Ons,ond impositions attributable�o the Property which may i
<br /> : � fttdn a priotity over this Security Instrument,ond leasehold payments oP ground rents,ii any,In the manncr provided under para�taph 2 hereof
<br /> " or,if not pafd in such manner,by Borrower making paymcnt,when due,dircetly lo the payee�hereof.Borrower aMdl promptly furnlah Lender
<br /> " all notices oi amoums due undor thi�para4raph,and In the event Borrower ahall make pwyment dircetly,Borrower sholl promptly furnish to ,
<br /> � . • Lender receipts evfdencing euch ptyments. Borrower sholl promptly d{schorge nny Ifen which has priority over thia Security Instrumenh
<br /> 4�'
<br /> � however, Borrower shall not be required to discharge any such Ilcn so lonp as Borrower.(a)shall agra fn wrfling lo the paymcnt of thc -
<br /> + •� obligodon saured by tuch Ifen in Ihe manner acceptnble to Lender;(b)shall in good fafth contest such lien by,or deknd against enforcement of -'
<br /> � ° • � ' auch lfen in,legal proceedings which In the opinion of 4ender operale to prevent the enforcement of the licn or forfefture of the Property or any
<br /> � � '" part thereof;or(c)shall saure from the holder of such lien an oareement i�o form setisfoctory to Lender subordinotin�such Ifen to Ihis
<br /> �.—�t_...�irs�N`' Seruri�v Insuument.
<br /> ' � If Lender determioes�ha�ull or uny part of the Property fs subjec�to a lien which may a�tufn a priori�y over this 5ecurity Instrument, �
<br /> ,, � �� Lender shall Qive Borrower a no�ice fdemifying such tlen. Barruwer ahall smisfy such Ifen ur tuke one or more oi�he actions set forth ebove
<br /> � � " within ten doys of�he QivfnQof the notice.
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<br /> C. NU'fIC� t
<br /> � ' i Unlform Covenant 14 of the Security Instrumcnt Is amendcd�o reaJ us foll��ws:
<br /> .� ' � " U. Nolke.Excepl for any nolice reyufred under applitaMr law to t�e given in anolher manner.Inl ony notfce tu Borrower provided fur in this
<br /> i Seeurily instrument shall be given by delfvcring it ur by mailing it by fint dass mafl to H�xrowcr ut the F'ruperty Addre�s or at wch u�her addre�ti
<br /> � -• u Borrower may Je+i�{nate by nu�ice t��Lender a+pruvidrd hrrein,and(b)any noure w I.rnder tihall be given Ny firtit cla+s mail t��Lender'�
<br /> � '.•° address statcd hereln or lo wrh Whcr uddres.;��I enJcr muy detfgnuk by n•.iticr lo Horrower a�providcd hcrein.Any nciuce proviJed(or in�hi.
<br /> �;� �f�r-.:� Se¢uriiy Ins�rument shall be deemeJ�a have t+�rn qi�•en tc+Hormwcr or LenJcr whcn gf�en fn�he rounner de�igna�ed hcrefn.
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