|
. . _ k'c • y • . `: ;y.... . � . . � . -�� _ _
<br /> , .. i , � . , . . , ','�r,f^t��.> . � __�. t_ .v - - �<. +-6�.
<br /> fi7� -- 1_t' . _ —.
<br /> � . .. ` .4` ' - _
<br />- .. , y.� �4, t�. --
<br /> , t.
<br /> ` � ,. ` �'
<br /> e_i�
<br /> . 9�- 1��40� , : .- ----- !.
<br /> �
<br /> :�] ADJUS'TABL� 1tATE �DER ��.. : -'--�:. --�
<br /> ` (1YesrTreasury Ind�x-RuteCa�? 2002T842 _ , ,�,.,n
<br /> _ � _ �,�„
<br /> . c , .a`
<br /> r.�
<br /> - THIS ADJUSTABLE RATE RIDER is made this 1 7TH day of JANUARY . • ; . ; ,
<br /> ` 1997 ,and is incorporated into and shall be deemed [o amend and supplement the Martgage.Deed of , `� �
<br /> Trust or Security Deed(the"Security Instrument")of the same date given by the undersigned(tne'Borrower")to � . • „"�°�.�
<br /> - secure the Borrower's Adjustahle Rate Note(the"Note")to __.________ • '��
<br /> Iha Eoultable Buii��n� anC loan Assoc�ation of &rand Island, Nebroska, A Federal Sav�ngs BanK • '�
<br /> (the"Lender")of the same date and covering the property described in the Security Instrument and tocated at: � _ � �• ��
<br /> 2Z7 5 W 11 TH ST GRAND ISLAND, NEBRASKA 68803 _ _�, _� . .- : ' �
<br /> Er�oanr.�aemssl �,.• �:. -:;,,�.:-..'. _-.
<br /> ;��a.. , f . ..�� .
<br /> THE NOYE CONTAINS PROViS10NS d��W1iVG FOR CHANGES IN T H E I N T E R E ST �._�� ,�;_t� ..;-
<br /> ' FtIAYE AND THE MONTHLY PAYMENT. TFiE NO'1'E UMRS THE AMOUNT THE ,,_;�,V�'• ; �"Y=�= �
<br /> .`•:� BOl�;��WER'S INTEREST RATE CAN CHANGE �LT ANY ONE TIME AND THE , .:s.s��„
<br /> c MAXIMUM W/�YETNE BORROWER MUST PAY. ��'Y�' �."�
<br /> , �,��r"�--= --_
<br /> ADDTfIONAI.COV��.'�"I'S.[n addition to the covenanu and agreements made in the Security Insmimsnt. ��
<br /> Borro�ver and Lender fwt:::�:;.�essc a�d agree as follows: `•'�'"` �
<br /> '�at r.-�
<br /> � ,. j4.��: .
<br />,
<br /> �s . A.IN'I'EREST RA'P�A�.'!�MON7'f�LY PAYNiE1VT CHANGES ��. �_�` _,,,�__.-.
<br /> _ �- - =r�
<br /> The Note provicles for a�ir,itial interest nte of 7.37 5 %.The Note provid�s for dra��s i� �
<br /> the interest r.�'e and the monthly payments.as follows: �'W J
<br /> .�( ,.:
<br /> .�t":- ,. • . :_";'�'x:,_
<br /> :t._ �,
<br /> . `„ 4.AVTEREb`�RA'I'�l�'fl MONT�.Y PAYA�NT CHANGL� •� ' �..=f'.
<br /> ..�.`' K . �.
<br /> •h
<br /> ';:. (A)Change Dates s
<br /> �.�',�� The interest rate I wili pay may chan_e on the fiist day fiEBRUARY .2002 ,and on th�t
<br />' .��.t` . T'iL°.'�llld C ^r.-�.S C�Oa 8`Q:7$6�3LC.° , '��
<br /> day every 12th month thereafter.Each�:.�e on which my interest h�-a �� ' _
<br />_ ,,.'i�.!",`y.�A�
<br /> '. B)'Pke Index ``�
<br />` ,�� Beginning with che first Change Date. my interest rate will be based on an In�x. The "trdax" is ffie��sly i�� ^��
<br /> _..�''..�,;. ,.-
<br /> ' • average yielcl on United States Treasury securities adj�sted to a wiutai►t maturity of i year,as made availab.e by t
<br />-. the Feder�i F�serve Board'The most recent Index figore availabte�s oE the date 45 days before esch Change Date ����'�
<br /> �..:1.;;
<br /> is called the"Current Indez." 7�%' '�`'
<br /> ,.,:,.,._.�
<br /> — If ih��d�z is^.o l�n;er av�ile�?!e, thr Note Holder will chaose a new index which is based upon comparable �`:_.._.
<br /> ' information.The Note Holder will give me notice of this choiae. -�-„=---
<br /> . .Y�M� ,
<br /> %•
<br /> (C)Calcutatlon of C6anges °�_
<br /> • Before each Change Date,the Note Holder will calculate my new interest rate by adding
<br /> TWp percentage point(s)( 2.000 0)to the Ctirrent �• ��r`•"'`;,.;°:
<br /> Index. The Note Holdez will then round the result of this addition to the nearest one-eighth of one pec+or�►3age
<br /> '�::_�Jf�..,..
<br /> point(0.125%). Subject to the limiu stated in SectiYn 4(D)below,this rounded a�ount will be my ne�:��test , __ ' _�
<br /> • �ate uniil the next Change Date. ...-•
<br /> � The Nate Holder will then determine[he amount of the monthLw payment that woutd be su��::ent to repay the �::.:-����
<br /> unpaid principal that I am expected to owe at t he Change Date in f�s�i on the Maturity Date at:� new interest tate �� `�''�'�'—'�"`-'='-�''
<br /> "�' �;�,.�.� ---'--
<br /> � � in substantially equal gaymenu.The result of this calculation will be the new amu:tne of my montlily payment. _--�;�_,
<br /> -�:
<br /> (D)Lfmits on Interest Rate Ch�ges �'
<br /> � The interest rate I am required to pay at the f rst Change Date will not be greater than 9.375 % �,, --- ' ;.:�,.-
<br /> � or tess than 5.3T 5 %.Thereafter,my interest rate will never be increased or decreased on �—�.�:;. —_
<br /> e�:�
<br /> . � any single Chaage Date by more than two percento�e points(2.0%)from the rate of interest 1 have been paying �„�_�,�.;�-�_�:-�_-.=
<br /> � for the preceding twelve months.My interest rate wiU never be greater than 12.375 %. ��aj��;�
<br /> My interest r�4e will never be lower than 5.3'75SK. ������ `
<br /> ��.'.3�21�-v: �
<br /> . ., (E)F�i�tive Da*.E of Changes •--_�v�._�__ ,V t
<br /> My ne� i�terest rate will become effective on each Change Date. 1 will�ray the amour4 of my new montiily :'._,{;;.1 y,� .�,,.;:..�
<br /> � paymen t beginning on t h e f i r s t m o n t h l y p a y m e n t d a t e a ft e r t h e C han ge Date until the 2.�ount of m y monthly '"'Eg`"•"::r::r°�,�
<br /> i:�Y!'�ii:"�a..,��,°'�� �R—
<br /> .. paymentchangesag�ir�. ��.;..� —
<br /> �'*:�±��':•. �
<br /> ... 4�rw�n�.:....y .`. 1
<br /> .. (�Nottce of Changes .�i:�, ; �._. .<. '�
<br /> -s�.��y�
<br /> The Note Holder will deliver or mnil to me a notice of any changes in my interest rate 4.��the amount of my _ _:,<_:�,...
<br /> ' monthly payment befoTe the effecti�•e da[e af any change.The notice will include information required by law to , , , • ._, ..,
<br /> • be given me and also the titie and telephone number of a persan who will answer any questian T �.y have .�s�rx�:' � ''``"'"• —
<br /> regardin�the notice. • . � ,_
<br /> �
<br /> ' �:.:
<br /> MULTISTATE QDJUSTABIE HATE RIDEH-ARM 5-2-Si�glo Pamity•Pannie MaelFreddie Mac Unitorm InsWmerrt � �� ' '� —
<br /> Form 3111 3185 � . . -
<br /> . �$2��9305� vMP MOR70AGE eppMS �800�52�.7791 �, A�maA on RceVUOd PeP� ' � .
<br /> � m : � . , �.
<br />�.:.-=!T- �.
<br /> f_,�-.�.�-- ,,-_: a4
<br /> � � . �r .
<br /> .. , � ;:_.
<br /> � — -y - ---v l- —. , ,,,..._ ._. : . ..,,.., __ .�� .... ._____ . �.._ --•• ' " • .: • .
<br /> _ � '.,' .: '.-- � � ..• . .�., . . , � , . •
<br /> .,...r � ; -. ,• �' � ; �L'..: • . �i • , .
<br /> `S�S:�3t-1e2�. .. . �. . ' .. �t�-l: .. . . .� .<�•� . .. . 1r.• . .. �. _ _. . . - • � � .. . . n_ . . . _
<br />
|