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'•�- � . ;..,1,,^•'n , - —.: -..li. . .. �r�� .. ' ' _ � .. .. .� - .:.iv�'.��1 }9��t�1Q' .. . . .. . /, , � '�. � _ �Y�un--�. ,. . � ,h'�.:iiIGO[l%.: .. . .. - .. - . � . ,. ..i^� -- .. .. i . .. . e�.�`s,�"r'.•.�:sv�6Sr:. .. - .. . . . r�• _•.�;��h�.:. - .� . . . �'�'r,.C"{.r0!�..:� , .�..x , � � ' • r . ��'i 8 -i ..�fr`. � 1�i��9 ,.�.,;�., ='i_ .. :'-:�, „ ._. •NY 1�/ ,..d.A+�"°/� ` '�r'��r'7_'C'�*.-. .. ...,w FHA MLJL'I'LS'I'ATE ADJUS'TABLE RATE RIDP1t �` , -;-_-- +�'�`�I^`v_ : � Case Nimiber 321-19080Q1-729 Loan Number 5-01�4 ,,.;� THISADJUSTABLE RATE RIDER ts msde tbis 26th day of JANUARY •• ,•.'.`�_� 1 g g g and is incorporated into and shall be deemed to am�nd and supplemant the Mortgage, ��'��'= . ;...— Deed of Trust ar Security Deed ("Secusiry lasuument') of►he same date given by �he undersigned ...'c's`;�`-• ("Bonawcr"j to aecure Bonowes's Note("Notc")to MOUNTAIN WEST FINANCIAL, INC.� 5;:=,::._. A CALIFORNIA GORPORATION (the"L.endcr") >� of the sarne datc aad covering tUe Properry described in the Security Instrument and located at: � ��f'�=' ,;;.-:� 1014 WEST 11TH STREET� GRAND ISLAND� NEBRASI(A 68801 „ --- [ProPe*t7'Addressl THENU'1'ECONTAINSPROV[SIONSALiAWINGFORCHANGFSINTHEINTEItBSTitATE e� , •� AND THE MONTHLY PAYMENT. Tf�NaTE LIM[T5 THE M'10UNT TfiF.90RlIOWER'S INTEREST RATE CAN CHANGE AT ANY O1VF T1ME ANA THE MAXIMUM RATE THE �� BORROWER MUST PAY. �'r�•. `�• ADDITIONAL COVENANTS. In additioa to the covenants and agreements made in the Security — Instrument,Borrower and L.ender funher covenant and agrce as foUows: . � INTEREST RA.TE AND MONTHLY PAYMENT CI�ANGES (A) Chaagc Aates ' � The mterest rate may change on che tusi c3uy u[ �°zL 2, 2994 .sad Qn — }� thac dny at each succccding yebr. "Change Date"means cach date on which the interesc rate could change. ° (B) '�e Index � gegiqning with the first C�ange Date,the interest ra[e wlll be based on an Iades "Indeac"means the _ weekly Qverage yteld on United States Treasury Securities adjusted to a coastant maturiry of one year,as s made awailable by the Federal Reserve Board. "C1�nent Index"mcans the most recent]ndex�gure avuilable _. 30 daya beFore the Cbange Date. If the Index(es deGaed above) is no longer avallable. Lender wW use as a new Index any index prescribed by che Secretary. As used in chis Rider,„Secretaiyr�neans the Secretary of Housiug and Urban Development or hts or her daigncc. Lender will give Borrow�er aotice of the new _ � Index -- � (C) CalculRdon of Interest R�te Changes � �' �' Before each Cban e Date,Lender will caiculate a new inter�st rate by adding e merg[n of � TWO AND 7 5 0�10 0 0 percentage points ( 2.7 5 0 %) �3 to the Current Index and rouading the sum to the pearest one�ighth of one percentage point(0.125%). �� t. Subject to the llmits stated in Paragraph(D)of thLs Rtder,this rounded amount wlll be the new interest rate _ ' �; until the aext Chauge Date. � (DZ Llmits on Interest Rak Changes -- The Interest rate will never increase or dccrease by more thaa one percentage poinc (1.0%)on any singlc Ctmage Dute. T'he inter�t rate wiU never be more�han 6vc percentage polnts(5.0%)highcr or lower — � :! than the Initial interest rate. '• (E)Calculatton ot PYyment Chwnge - If the fntcrest rate changes on a Change Date,Lender will calculate the amount of montlily payment --- _ _-. uf prlaclpal and interest which would be necessary to repay thc unpaid prindpnl balnace in full at the �� '��=� matudty date at the new interest rute through substantially equal paymenu. In rneldng such calculation, �"-^�_:°T�:.: Lcndcr wlll use the unpuid principal ba]ancc which would be owc:d on the Change Aate if therc had been '��,;�. , - , ,`•=; no dcfaui�in payment on thc Note,rcdua;d by the amouat of any prepeyments to principal. The result of ��• � �i7�;, `��•'• this calculatfon will be the amount oF the new monthly paycneat of principal and interes�. '�^?. ';s�wti. . ;`?5i`°+�s��^ au'. � .. . ,, . . FI IA hiULTL4PATE ARM ltIDlilt �1� Uoeumrm�nem�.Ine(800)61¢IJ62 Page 1 0(Z � _ 7 ___ I _ _ � � _ _ __