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. . � �• •1�'.it I• _ / •` � t4, . � . . �Y . , ,. . . � . .� • ..__-:Fiii�� ' . - ...... ._"_" • . . .. . '"_"._____. i� . •' . 4'M��.•�r , .. . . . . • . . �.I:�_��.�..:.� — -.a. t. •� • _��Li��[r�rw . . .'M1�, � I�'NlIk1Ph'",�.� ... . . ... �r w:.M'rti.�y1FtAF}1Lr�Mf�'r��MM�;niis... . ..c ...r .J -_. _'. ___ ..... . •. .��`� 'WAl.�i�. /M.}•t Ylw .. . �.� .� �r. A .'a1E7•'^', --•'-'_n.:'�-----,.. �- - - — ��i' . ' � � �� .__. o . �,-� �.vr.� �.'- .� � 1� � � w A�JUSTABL� �AT� RIDER �=- �` .� . :�' � p Yu�rTrc�sury Index-FtateCops) 20027829 — �;`;_ �:... . �' � THlS ADJUSTA�3L�RATBRIDBR is madethis 24TH dny of DECEM�ER , �__ ,��w�,� 1 996 ,and is incorporateA into and si►aii ord��cd to amend and Sunntement the Mortgage,Deed of �.`ti�_ '�.� Trust or Security Uccd(thc "Security lnstrumcnt")of thc snme dnte given by thc undersigncd(the"Horrower")to __.- � st;cure the Borrowcr's Adjutitnble Rnte Note(thc"Note")to R-- �•.. `�-- �"� The Equit�ble auilding end laen Associetion of arend Ielend, HeCrasNe, A Federel Sevings Benk _ .��, �� (the"l.ender")of the same dute and covering the property described in thc Security Instrument and locuted at: � � 3406 S BLAINE ST (3R/1ND ISLAND��ro��BRA SKA 88801 — •„ _.. ,'.'.; .: _;:::,,�;�,��, � THE NOTE CONTAINS PROVISIONS /�:LLOWINO FOR CHAP1t3ES IN THE INTEREST - `''' ��►;� RATE AND THE MONTHLY PAVMENT. THE NOTE LIMITS THE AlA�UNT Tl1E :y,,..:. -�,�4 ..: �'� BORROWER'S INTEREST RATE CAN CHANOE AT ANY ONE VIME AND 7F _ -=•��.• ::� MAXIMUM RATE THE�ORROWER.MUSY PAY. Y�' •°:ts'��.titrL::': ' ��,:�� ADDITIONA�.COVEPIANTS. In addition ro the covenants and agreements made in the Security Instrument, _ :::=,��-� Borrower and Lender further covenant and agree as follows: - ��4�'�1 S A.INTEREST RATE AND MONTHLV PAYA�lENT CHANGTS �;,�a - "s"" %.The Note rovidcs for changes in .-_ -�' The Note provides for an initiul interest rate of 7 .000 P _�^�;�� the interest rate ond the manthly payments,as follows: v�N�� d rntTF.RFST RATE AND MONTHLY PAYMENT CHANCES "�jT_�:�� (A)Change Dates ��'�=�� The interest rate I will pay may change on the first day ofJANUARY 2002 ,and on that -�-'=_,;;�� day evsry 12th month thereafter.Each date on which my interest rate could ehange is�called a Change Date." __,,,,,�,� • __..�;:�L� (B)The Irtdex ___.__�� Beginning with thc first Change Date, my interest rate wilt be based on an Index. The "Index" is the wcekly uverage yield on United States Treasury secnrities adjusted to a wnstant matudty of 1 year,sis made available by ----- t h e F e d eral Reserve Board.The most recent Index figure available ss of the date 45 days before Bach Change Date ---''� is culled the"Current Index." If the Index is no lonser avatlable,the Note H�Ider will choose a new index which is based upon comparable tnformation.The Note Holder will give me notice of this choice. — (C)Calculation of Changes -- - "�� Before each Change Date. the Nate Holder will ciilculate my new interest rate by adding �ryip percentago point(s)( 2•� %)to the Curnnt Index. Tl�c Nate Holder will then round the result of this sddidon to the nearest one-eighth of one percentage �� point(0.125%). Subject to thz limits stated in Section 4(D)below, this rounded sunount will be my new interest rate until the next Chan�e Date, The Note Holder will then determine the amount of the monthly payment that would be sufficieat m repay tho :�� unpaid principal that I nm expected to owe ut thc Chan�e Datc in full on the Maturity Date ut my new intereat rate _____� in substantially equal payments.The result of this calculation will be the new amount of my monthly payment. � _== n„