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<br /> ;".�� ��=� . ADJUSTA�LE RATE RIDER '� " �� q
<br /> � pYearTratutylndex•R�teC�ps) 9�.... i�3 —
<br /> - • THIS ADIUSTA8L8 RATE RIDBR i�m�de�hb.�.-d�y of J�JLY , ,19_.92.__.
<br /> -•* u�d b inoorpora�d Into uid�hdl be GartNd to�nt�nd uid supplemeai�he Monyite,Deod of Truu,or Security Deed(�ha"Seeud�y Innrumrnt"1 of —
<br /> �he wne du�{iven by tM undent�md(tiu"Bonawet")to�ecun BixroMer's AdJup�bte R�Ie Note(1h�"Nott")�o
<br /> n1�.•�s.�.,•�,;�.- �Q(the"I.enda►••)ot tIN wa Aq�Y�0 covetMt�he propatY dacribd ia�M$uwitY tnNrumw►a��d Icwwtwl at: --
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<br /> x:'.�;;�,�:s,.,' '� 2414 PIONEER BLUD. GRAND ISLAND, NE 68801
<br /> : - �,.� . — (Property Addrat) . r .
<br /> �v:w;�•.t;.,,:;.i.•�:., Thb Nolt co�talr pmrMlaY Wowlq ta c��a I� �y I�teral nle ��d a�y iaoNlMly
<br /> �•��.:.�,�:y� p�yee�t�.TMb�ou�o IItNU IM��waaN w�Irlemt nit q1�cM���t�7 o�t Il�n nM
<br /> ��,r-��, dw IM�I�IM��ad IM�ud�w nM 1 w�t p�!�.
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<br /> __ .v_ _-� ''r°�•1=:" ADDITIONAL COVENANTS.In addltion to tlw coveiwou u�d�aemenu m�de In the Securl�y Inatnuaeat,Borrowe��nd I�enda ��
<br /> _ E �-�- further cove�wnt and a�a w follow�: -
<br /> -��
<br /> _�„���T:a A. INTEREST RATE AND MONTH6Y PAYMP.NT CHAN(iE:4
<br /> + �;�. ��^. The Note provlda for an initid intetwt rate ot 6_fl �,Section 4 ot 1he Note provlda for chanaa in the interat rate�nd tho
<br /> "'— �'�,�� , " nwMh1Y WY�b,�u followr.
<br /> �- . .�.^,c'��
<br /> �•; -•" �,,�`... ' _.
<br />, ___�__ , '��.."'' 1, INTERBST RATE AND MONTHL Y PA YM6lVT CHAN�FS _
<br />---,� ,. � (A) Clwat D�ta --
<br /> . . s.-:�c AUGUST 93
<br /> ° Th interat r�te 1 wlll pay m�y chanQe on�he fint day of ,!9 .and on�hat d�y every
<br /> --�;:�,�;�. .,�„ _,,,,y�, �� months thereaRer.E4ch da[e an which my interest rate could chan�e Ia cwlled a"ChanQo Date." _ _
<br /> � ,.:�'�t"�i�: ` (B) 'fMl�dex
<br /> _-=� , BealnninQ w(tl�the flret ChanQe Date,my inarest rate will be bued on an Index.The"Index"is the weekly avcraae yleld on United Suta
<br /> � ' Treuury secudUa adjwted to a conttant mntu�ity of 1 year,as mode available by the Federal Raerve Board.The motl recenl Inde�t fi/urt
<br /> :=:Z.=, ° , rr.;•c.
<br /> __ .." �v�ll�ble a oi the dote 43 dayi bcPore each ChanQe Qa�e is called the"Currcnt Index." F•r:_
<br /> -- �VS� �'��• •• ���''�� If the Index is no lon�er�vailable,the No�e Holder wlll choose a new index which ii bated upon comptuabk InPormaUon.The Note
<br /> —f:t�b+T�*S:•� HolderwUlQivemenoticeotthischoke.
<br />- _a ...-...:.- . _=-
<br /> -Y � _� ___ �. (C) Cakpl�Uo�o/CM���a =-_
<br /> .'���-'�^-_-=-z=__=-___- B!fM�r tn!'h Chtinge 1���,��'Nnte Halder wlll calculnte my new interat rat¢by addinit TWO AND ONE-HALF perCentaQe =-'
<br /> • ' , polnts( 2.5 �h)to the Currcnt Indcx and roundlnQ to the nearest 1/eth of 1 qi,subject ro the flmits stwted in SecNon 4(D)below.
<br /> '�•r • • This rounded amount wlll be my new interes�rate until the next ChanQe Dale. _
<br /> - �'�� The Notc Holdcr wlll then determfne the nmount of the monthly pnyment�hat would be sufficient to repay in full the princlpal 1 am M
<br /> - .,+r� � � expected to owe on tha�Chan�e Da�e in aubs[anHatly equol payments by�he maturfty date at my new interat rate.The resuk of this calculatfon --
<br /> -' �d -� wlll be the new amount of my momhly paymene.
<br /> -�-� ��_.
<br /> � "`" ' lD) IJmlb oo I�teral Rate C4�aQa
<br /> �:=_
<br /> ~� �: The interat r�te 1 am required to pay at the firsl Change Date will nol 6e greater than 8��d R� o�s Ihan �
<br />_ �� • ••° 4.00 qi.ThereaRer,my Interat ra�c w{II ncvcr be increased or decreascd on eny single Change Date hy mmre thon
<br /> ',. �..�,;,.. • . ._.ti:r•k
<br /> �y; ,,,,,,,,,�,. _�..�_from the rate of fnterest 1 have been payin�for�he preceding twetve months.The minimwn Inurest rate on thl:loan will nevet ix
<br /> �. �„. � ��h� 4.00 �Vi�nd the maxlmum interest rate wfll never be Qrcater than 11.00 q�,
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<br /> • _ , (E) Eltectlre D�1e ot C����a ""'
<br /> ,:_
<br /> My new Interest rate wlll become effce�ive on each Chan�c Date,1 will pay the amount of my new month�y payment beQlnnina on the flnt �'""
<br /> - �`w�r `' monthly payment date aiter the Chan e Date until the amount of my monthl E �
<br /> - �• a Y PeYment chanpes aa�in.
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<br /> .u-.n� .. ,y_ -.
<br /> �, lF) Noaceorch.e�a -�
<br /> - � " The Note Holder wfll m�il or deliver to me a nodce bePore each Chanye Date.The noda wlll advlse me of: ��
<br />- (q thc new fnterest ratc on my loan u of the Changc Dat�;
<br /> {. (II) the nmount of my monlhly payment following the ChanQe Dale; °° -
<br /> � (')�• (iii) any additional matters which the Nae Holder is required to discloxe;and --��
<br />- << � (iv) the addras of the assoclatbn you could contact re�udin�ony queatbns obout�he adjustment no�k�e. �y
<br /> �^"�� � �.:s��=���.. , �
<br /> �;_�.�i .. B. CHARCE.S=LIENS =_-
<br /> ;ti;; �� • Unfform Covenant 4 of the Securiry Instrument fs amended to reod as follows:
<br /> + ; 4. Cb�rQat Uem.Borrower shall pay oIl laxes,assasments,and other charga,�oec,end impositions attrfbutabte to Ihe Property whlch may
<br /> ftlaln a priorlly over Ihis Security Instrument,and Ieoxhold paymenls of gruund rents,if any,in the manner provlded under para�raph 2 hereof
<br />- �, or,if not paid In such manner,by Borrower making paymenl,when due,direc�ly to the payee thereof.Horrower shall promptly furnfsh Lender
<br /> all notioes of omounts due under thls paragraph,and In the event Borrower shall moke payment directly,Borrower shall promptly furnish to �
<br /> • Lender receipls evfdencing such payments. Borrower shall promplly dlschnrge any lien which hos prlority over �his Securf�y Ins�rument;
<br /> � however,Borrower shall not bc rcquired to discharge any surh lien so long ns Borrowcr: (al shall agrce In wrftin�to�he payment of the �
<br /> � obll�ation secured by such lien in the mnnner ucceptable to Lender;lbl sholt in good faf�h contes�such lien by,or defend against enfonromen�of �
<br /> such lien in,le�ol proceedfngs whkh in the opiniun of l.endrr operate to prevenl the enforcemeol o(the licn ur forfeilure of thc Properry ot any ;
<br /> " 4' part thereof;or(c)shall secure from the holder of such lien an agreement fn q form satlsfac�ory to Lender subordinatinQ such Ifen to this t
<br /> • Secu�lty Instrument. �'
<br /> If Lender determines�ha�all ur uny part oF the Property is subject to a lien which muy attuin a priotity over�his Securi�y Instrument, i
<br />' Lender shaU afve Borrower n notice fdentifYinQ�uch Gen. dorrower tihull satisfY+uch Ifen ur iuke one or mure af the uc�iom sM fonh above �
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<br /> withfn ten days of the glvingof the notice. i
<br /> ' ('. N(1TICt: '
<br /> � • Unfform Covenam 14 of the Security In+ttumcnt iti amcnded�o rcad ati lolluwc: �
<br /> 1�. Nolke.Exccpt for any n��tke requircd unJer applirablr taw�u Ix�gi�cn m unrnher munncr,la)anp nrni�c a�Narruw�r praviJeJ lur m Ihi�
<br /> � 5aurlly Instrumenl ahall hc given by delicering it ar hy mailing ft hy(irct rlu��mail�o Nnrn�Nrr:u�he Prnperi}AJJrr+���r at tiuch o�hcr uddre»
<br /> " as Borrower may de.ipnate by nulke�o Lender a�pra�•iJcd here�n,aaJ Ih)an} nutice to 1 ender tihall hc Kf�en h}� tir�l rla«mafl to 1 cnJcr'+
<br /> � " qddrc«s�atcJ hercfn ur W+urh�+�hcr addretiti•r�1 endcr m;q Je.iKua�c hy n,�n:c tu Hurn�wcr;�+pri���Jcd hcrrm.An�nou�e pru�idrJ lar m th��
<br /> � Security Instrumem�hall br JeemeJ t��ha�e hcen gi�en to Hurrowcr ur l rndrr when gi�en in the manner Je�ignuted hercin.
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