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<br /> ' - 11BPL� 001-6IO10019 . . ---r-- -
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<br /> � �- 97-�OQ�'�� . , � ;- .�
<br /> � ADNST�L� IZAT'E Y�E� 9�'�=��00�� , - T-T�.�r�.
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<br /> - THIS ADNSTABLE RATE RIDIIt is made tdis 2rm day of J��Y , 1997 and is °. ,� , ,-
<br /> .'` incoipozated into and st►�ari be deemed to amend and supplement the MortgaBe,Ueed of Trust or Sec�nriry DeEd(die"S�uricy . Y _ .-• < .
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<br />-% Ia4.ume,nt'�of the same date givea by the undersig�ed(i�e °�oirawea")to seca�re Borrower's Adjustable Rate Not�(the -----_.
<br /> ... "Note"}m �
<br />. HOMB FEAERAIa SAti'�'GS & LQAN ASSOCIATION OF GR1�ND ISL1�2�ID . . -
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<br /> � (the"i.ender")�L t�re same date and coveau�;;a'��v�sy�r�3 in t3r Sacan�rbry Instrument and located aC ;-- `_ .a, .�.._:.'; -
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<br />, BQS-80T-809-811 SAST �z� sx `°_``�' . ,. ; ".".
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<br /> � < (�1ft�1ND ISLFIND, NSBRASI{A 68601 � i� �.�� -=.�.
<br /> . [PmPertY Addn��J �y��,� ��,��>°. .:
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<br /> � THIS N�CONTAIIVS PROVLS'��ALLOWII�IG FOR CHANGES IIV 1�l1Y II�TERLST RATE AND 1biY ; , F��;,,,�e Y.�,a.,
<br /> M��HH.� II°A�':V�ENT.INCREASES �i 1 �iE 31V'�ERL�ST BATE WD.L IiFb'ITI.'�' DV �G�Ft PAYI�N'I'S. :,;;,:4;;;yt°°:�;i.;�F '.
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<br /> f,.:. p�Q'�1F/.�__Ci�.`�,1�THE IIUTERE.ST RATE Qi�.L RE.SULT IIV LO�'7ER PAYMEN'i'S. , �`�� ; << ,
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<br /> ru« L4 ID3dB ltl t118 SCCAfI IOSEi91IItFdit, ` '` r ��ne �� c , �:I �
<br /> i��.t A�3�i'�d��7[�.,COV4NANTS. In �on to the covenants and ageemea d ty tF�;:.; ' ,.',` ^3 ,.:
<br />-�,Gff� B�as;wer�s8 F.��Rcz fuirthes covc�ant and agree as foltows: �'`, � " `
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<br />_r�'f p. •�Ft��'�TE AND MONH'HI.Y PAYMBNT C�ti�YdiaES �`�` ��%�. � ",�
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<br /> 'flie Note provides for an initiel u��race of 7.500 %a. 'ihe Note 8� , �. � �,
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<br /> -�'� interest�ate aac�!t�e manthlY PaYments+as foilow� ".,;�';: ', ,
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<br />�"`�`�' 0.IDN7C'ER�ST R:siT,E AND 1111aN�fLY PEl�i'T CHt4.1VGES ;.r ti �;,:,;;���. ��_
<br />''riil' '��°�'.���{�'� ��•:r• !�/.�
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<br /> �� (A)Cbange YSatc�
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<br />- . 'Irie interest rate I will pay may change on the fust day of FEBRIIARY , 2000 ,ant�on that dey , 3`��-�
<br />. . e Y p y, 1aTH m oa t h t�ereafter.Bac6 daLe oa whicb my intaest rare covld change is called a"Change Date." � . � :� : .
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<br /> - ga�nniav with the fust Change Date.mY inTCtest tste will be based on tw Ind,za�.Zhe"Index"is: _--- � ,
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<br /> TE� WBSI�Y AVSRAdB YIBLD ON UNIITED $TAT$8 TRBASURY 3EC'�JitIT88 ADJUSTBD TO A '� -•--
<br /> . ,•. CONSTANT MATQRITY OF 1 YSAR. A9 MADE AVAII31BL8 8Y THS PSDBRAL RSSSRt/E SOARD. ' . ,...,
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<br /> �. The most receatIadex 6g�re availsbls as of the dat� 0 45 days❑ - -- -_.�_
<br /> before eacb Change IIace is cailed tt�e"�aent Index." __
<br /> � . �f the Index is no longer ava�'lable.the Note HoIdra will choose a new index that is based upon compa�abte infma�an. v-- -.
<br /> The Note Hold�will give ma notice of this choicc. -
<br /> . (�Caknlation of Changes - -- - =M„�-''
<br /> Before eac6 Change Date,the Note Hold�vrill *r��,my new interes!rete by adding "��""�''�'
<br /> � Two Arm T�s QuaR�ts peacearage yoint(s>( z.�so �6)oo the Currenc Inaex. �:'N�T�_.,��..
<br /> � The Nota Holder will Q�ronnd the result of this addiaoa w th� 0 Nearest � Next Iiighest 0 Next Lowest �,' .�'=
<br /> oxs s:c�t ( .ias 96). ���,:
<br /> '� SuLject to the limits stated 'u�Section 4(D)belnw,this c�s�d�d amount wiU be my new interest raie until the neat Change .. . �
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<br />� � Date. -., _.x,�.,:.N:_
<br /> � 'Ilie Nots Holder will then dete�mine thc amonnt of the montbly payene�t thai would be suf�iicisnt to repay the�uipaid .,;y��_.
<br /> principal tLat I am expected to owe at the Change Date in full on the mat�uity date at my new intraest rete in subsmntially
<br /> , equal payments.lhe resuit of this calc�ilation will be the new amonnt of my monthly paymeat .•_�;c , ��._��..
<br /> .� (D)Limits on Interest Rate Chauges .`,�-��ry.-,'�'
<br /> P ase chtck appmpriate boxts:if no bos rs clucked,the�e wtll be no ma�}mum limit on c/rangts.) >;...,;Qa
<br /> � (I)74�ere will be no maximum timit on interest rate changes. ,.h'}��`.y .
<br /> P3 B � 9.500 -�•_.y �.
<br /> � xx (2)The inte�st rate I am required to y at the first Chau e Dare arill not be �azar than °'o . . ,
<br />, o11C33 th821 5.500 %. .." . .
<br /> • �(3)My interest rate will never be increased or daa+essed on any singte CQ�ange Date by more than , .� .
<br /> TtRO PSRCBNT petCe�►tage Point(s) ( 2.000 ;'c) ftOm ihe � s
<br /> r�of intraess I�have been DaYinS for!he praooding peiiad. - . ,-. ''
<br /> Q 44)My interest rate will nevet be greut�Wan �.Z.50 0 ��,wi3ich is called the"Maxim�?�?e." .,::.; ,. : ,
<br /> TH8 "MIIJIMtT�9 R,�TS" S?ILL NBVfilt ?d13 LSSS THAN 5.500�. . ' ., , �. �.
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<br /> ' 8194 „ . ,��;_: ---
<br /> - � O��:ttISTATE AmJU8TA8LE RA4E BIDE{i•Sinplo FamUy pe��m 2 -�f�.-�*°•�--�
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<br />� . �.-8S9A14400) YNP NOATQAOE FORUS-(G:�.52t428t tnitlau: ._ - - _ . ' ..
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