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<br />. , ' ADJUSTAB��RATE RIDEA �M ���0�� _
<br /> `� THIS AbJUSTABLE RATE RIDER la made this a�rd ��Y o� aocembar •199� � -;
<br /> �. � ancl ie incorporaced lnto ond �h:.11 bo dcomcd to crr�cn� en� s�i;��leenan� the Mort�age, 09ed of Trust or Security -
<br /> D�ed (the'Security Inst�ument") of the eeme date piven bY the underslpned (the "Borrower"1 ta secure @or�ower's �'
<br /> _.� :�.:�, AdJuetBEale R9te NOte (th0 "No46")t0 COFII+�RCIEIL CR$DIT CORFORATION ��
<br /> ��
<br /> ._�4.} •.r _
<br /> .-L'7,..J�^"�_�
<br /> (the "Londorw) of the seme date end coverinp the property described In ths Security Instrumont located et: �`
<br /> jr.- ' 193! FRSSDOM DRIVR dRAND I�I�AND, NE 6680 3 �.
<br /> , ... M Property Addrofe) `_
<br /> � THE NOTE CONTAINS PROVISIONS ALLUWING FOR CHANGES INTHE INTEREST RATE AND THE MaNTHLY �-
<br /> PAYMENT. THE NOTE LIMITS THE AMOUNT THE DORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE _
<br /> :L���° � TIME AND THE MAXIMUM RATE 7HE BORROWER MUST PAY.
<br /> { ; .,, .
<br />�;..�::':��"�
<br /> =:�':;�?���= Addi4ional Covenants. In addition to the covenants and apreeme�ts roede in the 5ecurity Instrument, Borrowar and �
<br />��'''��� ��`,�: � Lender further covenant and agree ea follaws: "
<br /> �xf.`�`�;:�.,
<br />' ' � INTEREST RATE AMD MONTHLY PAYMENT CHAfVGES:The Note provides for en initiel intere�t rete set forth in
<br /> '��=�r � the Noto.The Note providos for chengea in the intarest rate and the monthly payments, es follows:
<br /> �'��•s� . � -
<br /> ��.�-'�' The interest rete Borrower wfll pay mey chartge on the�` month anniversary of the Date of Note nnd every 6
<br /> ��"�=-����� months thereaher.Each dete on which Borrower's interest rate could change is caUed a "Chenge Dete."
<br />_ti LL�;x."'•.
<br /> =•;{;��:; F3epinning with the firs4 Change Date and �very 6 months thereafter, Borrower's interest rate will bo chanped to
<br /> '�'=��r'� the Index Rate plus a marpin as set forth in the Note. Tho °Index Nate" is the highest prime rete published in the
<br /> _�:ry�.
<br /> Monev Rates column of The Wa/l Sheet Jouina/on the calendar day Immediately preceding the Cha�nge Date;or, If
<br /> T��.,�°� ;- the index was not published on thet day, that rate on the next preceding day on wi�ici�it was puoiisned.
<br /> :;;,,;�1.
<br /> �''�a•:'��.' ALTERNATE INDEX: If the In�ex Rate is no longer ava30able, Lender will choose a new Index Rete which e2�elieves
<br /> J WiY'� —
<br /> _ _ wiil most closely approximate the former Index Rate.
<br /> �•;�„=��4�` LIMiTS ON RATE CHANGES:The maximum and minir►o¢�m interest �ates during tho life of this loan are set forth in
<br /> _.s;';`� the Note.
<br /> —� MONTHLY PAYMENTS: Principal and interest shall be payable fn cansecutive monthl�y installmenta. If the rnte of
<br /> interest changes, the number of m9nthly paymenta wiil not Chen�o. 1'he amount of the monthly payments wlll
<br /> ���s chanpe to the monthly amaunt needed to repay the romelning unpald principsl walance qlus interest as chanped in
<br /> • the remelning number of payments, assuming that a11 payments due efYer the celculatlon are made are paid as
<br /> -- � scheduled. The first change, if any, in the monthly payment emount will became effective on the 2a month
<br /> �:} �nniversery date of the firat payment due date. Subsequent change�In the monthly paYment amount may occur on
<br /> ;� the payment due date every 6 months thereafter. Each new paymeRt emount will remain (n ef4ect until the
<br /> ' effeative dnte of tho next payment change. _
<br /> 'u�'*,'��` • DEFAULT: If Borrower fails to pay any payments whe�n due,Lender may exercise eny remedfes psrmitted by the
<br /> Security Instrument in the case of default.
<br /> By Signing Bet�w, Borrower accepts and agrees 2o the terms and covenants contained in this AdJustable Ratd
<br /> �� Rider.
<br /> __----'.
<br /> m`;3• � ^ ISeaq �-�'�� `,d1�1 V�C1,l�L--(Seall
<br /> �-����, -Borrower •Borrower
<br /> -- _�:-rr
<br />
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