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<br /> -�- • � ADJU3TABLE RATE RIDER -
<br /> _� r;;e.�:�., � 92--
<br /> . (1 Yar Trwury Inda•R�teCap�) ���s .
<br /> -•- — " — i HIS AD�JiJ&i'ABLB AA'f&RfQIIR{a rocda tht�7QTH �y ot JULY -- --.19_92 _. .
<br /> ����s�
<br /> ;�., i �nd u Incorpoaad in�o md�hdl be derm�d ta unmd and�upptanau th�Monp�e,Deed of Tnut.or Socu►ity Deed(the"Saurity i�nrumem")ot
<br /> tht wne d�te{ivm bS�tbs�(tJu"Bortawer")to�ecun Horroweh AdJutt�bk R�le Not�(tha"Note•')to
<br /> �{�(tIN"L.w�dts�9 of tM wIN d�ts Wd wvwfaf lb�propetty dMailMd Ip tIM S�tYrItY IIW�wMOt�nd locaud�ts —
<br /> •Y�� 4342 WEST CAPITAL AUENUE, GRA(� ISLAUD, NE 688Q3
<br /> (Propetty Addrar) ,
<br /> � —
<br /> .— ---- rYl.�a. co.w.. vro.wo...Yowt.� tor eM�.t« b�wy atenst nl. �.e .r .oru�
<br /> ;��II�,�"���,j p*��e�a.TMis�ob�Lo Uwlu lM�on�t�y lu�n�t raa a�cwwp�t u�y oa qw�W
<br /> �tM�I�w�N IM�nxlw�esf�1�at pp.
<br /> --�---:°-'"�'�a ADDITIONAL COV@NAM'S. la addldoa to the cova�nts u�d yranknb m�de In the Sav�lty Instrumaal, Borrower uid I.and�t
<br />��
<br /> �°�►�� further oovemutt�nd yroe u toUoNn:
<br /> ��� A, �Ni�T RA7E AND MOMCHLY PAYM�NI'CHANOFS
<br /> The►Vote provida fo��n Initi�l intaat nce of 5-�5 4�i.S�cdon 4 of the Note provida tor ehaa4a(e Ihe interat rate and the
<br /> — momb�Y P�►Y�u.�a iollow�: _
<br /> _ _ �..: . �.
<br /> ,. ��C. .
<br /> —.���'�. �:���_ 1. 1NTBREST RATE AND MONTH6Y PA YMBNT CHANO�S
<br /> _— �-.a.. .,,:.; y�r,�,., (A1 CY��eDales
<br /> � ,.��,j,l .r`,,i� , 'fhe inta�st r�ta i will pay may ch�n�e on the 0nt day of AUGUST ,19 93 ,�nd on that d�y evary
<br /> .;;,"� �c�a';✓. �.. ��,; �2 mont4s therafcer.6ach date on whlch my interat r�te could elun�e b caNed�"ClunQe Date."
<br /> �°�,� �� � - ' (P) 'M Ude1t
<br /> ' �''"'� BeQindnQ wUh the fint Cha�e Dau,my Inte�at►ate wiU be based on an Index.The"Indcx"is the wakly avera�e yleld on United Stnta
<br /> ::�'� ���'���•.
<br /> _ ,,u,: �_;,�_�,:i,y,i� Treasury securitta ndjusted to a con�tant m�writy of 1 ytar,w made ovallable by tha f�ederal Reserve Bard.The mat reant tnde�BQure
<br /> _ti�� ,;:;-^, ` " w�i4bk�s oF the date 45 days beforc each Ch�nae Date is allcd the"Current lndez." _
<br /> _ ;:,,�:y, ',: If the Index i�no IonQer avail�ble,the Note Holder wlU choose a new iadex which b bued upon compuwbk infornwtion.The Note
<br /> .a� ''±�' HoWer wiU�ive me notke of thia chdce.
<br /> �`_ �-.�;F.�`x,'i,-t�:-.:__"-- .
<br /> _ � L�„. (C) Caicd�tloa or pa��a
<br /> �; 1f"A—�• &fore each Ch�o�e Date,the Note Holder will calculote my new lntercst rnte by oddinR TW� AND ONE—HALF percenta�e
<br />- . ,. ., � poinu( �.� yi)to the CUrrent Indac and roundina to the nearwt l/Bth of I hi,�ubJect to the Umib swted in SecUon 1(D)below.
<br /> ' Thh rounded unount wlll be my new inteast rAte until the next ChanQe Date.
<br /> r}: � : � • • z"`°`r The Note Holder will then determine the amount of thc monthly payment thal would be sufficient to repay in full the principal t am
<br /> i,•:,,�
<br /> acpected to owe on that Chanae Date tn subsunUally equal paymenu by the mawrity dote at my new interat rote.The rault of thli calculntion
<br /> �;•,; �•w�u•�•• .. wW be the new amount of my monthly payment.
<br /> I`-� "'a (D) Umld o�t�taal R�le CY�a�a
<br /> v�*.- � 7.75 "'"
<br /> , �M_:, `' , �; . The interat rate 1 am requlred to pay at the flrst Chan�e Date will not be greater than � or tess than
<br /> .x,.,. ,_,o„�y' '� ;-7S 9�.Ther�►Rer,my Interest nte will never be increaced or decreased on nny sin�k ChonQe Date by morc thRn � -
<br /> ^�• ' _(„�p�.,L_from the rate of interat t have been pa��in4 for the precoding twclve months.The minimum interat rateon lhi�loan wlll never be ��
<br /> � , '.,�,,... . .
<br /> '+�y-.. ; „�,tia.Z..�,�.. lew tM�n__3.�5--gi arui�ne matimum Intaat rate wfll naver be�rwter than 10.75 ryi.
<br /> �, �t� . � �.� .. (E) EffectNe Dllit ot CM�o�a
<br /> .n:....�,. �.
<br /> � . ��•;. � :�, My new interest r�te wfll become eikctive on each Chan4e Data 1 will pay the amount of my new monthly payment beQinnfna on the flat
<br /> £` monthly payment date�fter the Ch�e D�te until the amount of my monthly payment chwnQa aYain.
<br /> � � r����..�..., i�
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<br /> 4 ��, ` (F) Notice ot Cra��a
<br /> ;• „ The Note Holder will mall or deliver to me a notia before wch ChanQe Date.The notia wiU advfse me of:
<br /> � -.:�. � '� (i) the new intaest rate on my ban aa of the Change Da�e;
<br />' -*�., �;, „ (ii) the�mount of my monthly p�yment followina the Clange Date;
<br /> � , a; (iif) �ny addiUonal malters which the Note Holder f:requlred to disclosc;ond
<br /> � � ,• (iv) tha addreu of the�uocution you could contact reaardina any questions about the adjustment naica.
<br /> t��'�':.;3��:y�.
<br /> �- B. CHARGES{LIENS
<br /> • �;:�. ' Uniform Covenant 4 of the SecuHty Instrument Is amended�o read as follows: _
<br /> � ,'�. � � 1, CAu�q=IJen,Borrower ahall poy all taxea,assessmm�s,and other charQes,fincs,ond Imposftions attributable to the Propeny which may _
<br /> • utain a priority over tMis Security Instrument,and Icasehold payments of Qround rcnts,If ony,{n the mnnner provided under pua�nph 2 hereof -
<br /> ° or,if not pald in tuch manner,by Borrower mnkinQ payment,when due,directly to the paya therecii.Borrower aholl promptly furnish Lender
<br /> � , all notim of amounts due under this parogroph,and In the event Borrower sholl make paymem directly,Borrower shall promptly furnish to �
<br /> , � I.ender recelpts evidencing such payments. Borrower shall promptly di�chorQe any Ilen which has priority over Ibis Security Instrument; �
<br /> ,, :. however, Borrower sholl not be required to discharge any such lien so lan� as Borrower. (a)ahall agra in writin�to the payment of the =
<br /> ; . obliQaUon secured by such Ilen in themanner acceptable to Lender;lb)shall In good falih contes�such Ilen by,ordefend aQainst enforcement of =_
<br /> ,� � .. - • auch Ilen in,kg�+l proceedings which in the opinion of Lcnder operate to prcvcnt�hc enforccm¢nl of�he lion or forfeiture of the Property or any �`
<br /> "' pprt thereof;or(c)shWl secure from the hoider of sucM Ifen an aQrament In o form satisfaclory l0 1 ender subordinotiny such Ilen�o thfs �
<br /> �.:�_ ���;,i.��,��,� ..•,• SecuNtylnstrument. �
<br /> ,¢r- " I(Lender determfnes tha�all or uny part of the Prupeny is�ubject to a lien which mxy auain a priority over�his Security instrumrnt,
<br /> " ' Lender shall gfve Borrower a no�ice iden�ffyfng such Ifen.Borrower sholl sotisfy such Ilen or take one or more of the ac�ions set forth obove ��
<br /> , � ` within ten doys of the Qfving of�he notice. f
<br /> C. NOTIC� �
<br /> ' �� �• E ;� - - UniForm Covenant 14 ot the Securiiy Insuument�s amended tn rcad as fullows:
<br /> '". • qf �� 14. Notke.Lxcept for any notice requirM under applicable law tu be gfven in another m�nner,�a)uny nu�kc�u Hurrower pro�•ided fur fn thh ,
<br /> � � Securfty Ins�rument sholl be given by drlivcring it or by mailfng it by first class mall to liurrawcr a��he 1'roperiy Addresti ur at.uch u�hcr eddrecs
<br /> u Horrower may dcsignate by noUce to Leader as pruvidcd hcrein,und Ib)uny nutiic ta l endcr�hull Fxµf�rn hy 1 in1.I�,s muil w LenJer's
<br /> � pddress staled hereln or to such other addre�s as Lendcr moy de+ignxtc by nolfre a�Burrowcr u+pm�iJcJ hrrcin.Any nolice pra�idcJ lor m thn i
<br /> . „ 5eeuri�y Inslrument sholl be deemed�o havc becn gfven tu Dorrower or Lcnder when gf�cn in ihc munncr dr+ignui�d hcrcfn.
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