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<br /> APPLt1 001-61219014��+'��` . � �
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<br />, AI�JIJ�'I'A�I.E �'�'E �IDEit g�¢ 9.Q���2 �.`� ,; . �.���� �-_
<br /> TE�S ADJUSTABLL RA'IS RIDER is made this 31ST �y pf JANUARY � 1997 2114D iS • .. . , —
<br /> incorpan�ted intn a�sd shall be dOeRCed w ame�►d and suppieme�t t�e Mo�age,Bced of Tcust or Securiry Dced(the"Sccuriry . .
<br /> , Ins�anament")of the �me d�e�vea by the undersigned(the "Barrower")eo secure Bonawea's Adjustabte Rate Note(tt►e ' . .
<br />-� "No�e")� ' . '
<br />�,;; FiQplB FSDEI2AE. SAVIIS(iS � LOAN A3SOCIATION OF (3RAND ISLAND - -- ---- --
<br /> (the"Lender")af the same date and covaing the propetcy�'bed in the Security Instnunent and located a� � ., :
<br /> 1222 SOUTH HARRISON . . . _� :._
<br /> C�RRND ISLAND. NSBRASRA 68901 ' .._. �._ -
<br /> ' (�F�Y AddressJ •
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<br /> 9'HLS N�i'E CON'I'AINS FROVLSIONS ALLOWIIVG F012 CHANGES II�I 1Vi�l INTELtFST t3ATE AND MY .'r. ..-_S�rF��
<br /> MONTHLY PAYIVIENT. INCREASES I1V TfiE INTEREST RATE �VILL RF�ULT IN I3IGIiER PAYNdENfS. � . .,:�.�:;,.�.�
<br /> � DECREASES IN TH�D�P1'�ES'T IdATE�VILL RESULT IN LOWER PAYN�NTS. `, ' -��"���-`
<br /> ADDi'rIONAI.COVENMP�S. In ad�ition to the covenaats aad agrecmeats made m the S� Ins�mnent, . ' `�'`�:_�
<br /> ' Bomower and I.endea fiuthea cove�ant and agcee as folFows: '., ��-_
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<br /> � A.IIYTEREST R�ITE AMi MONTHLY PAYN�NT CAANGES .�_.��::`�--=-— '
<br /> -- 1he Note provides for an initial intec�e.st iaie of 6.500 °k.'I'�e Note provides for changes m the -��.r��-
<br /> � mteaest rate and the montWy gayments,as foltows: .��,,,,.°� �
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<br /> 4.II�iTERES'g'14AT�E AND MONTI�D.Y PAYMENT CHANGFS . �,.
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<br /> (E►)C "'��tes �2=° ,` .
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<br />• - lypgCg 1998 aLidOnthBldB - ''�'_. �
<br /> 'IIie mte�st rate I w�ill�ay may change on the first d3y of , , Y ..., .
<br /> 12TS month t��eafr�r.Fach date on whic�ay intcrest ras�could che;..�is called a°Change Date." ��• '�� �-
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<br /> (�)The E¢aI� ;�;i,
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<br /> HeB���vritPi the fi�st C.hange Date.wy intaeest rate w�l be base�on an Index.'ihe"Indea"is: +:� � :,::
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<br /> THE WBHi.�.',W A'VERAL3S YIELD ON UNZTED STATSS TltE`v.'�.�iJRY SEC'QAITIES ADJIISTED TO A �C. ;-�;,.T
<br /> CONSTAD3'� fi+�MOAZTY OP 1 YSAR. AS MADB AVAILAHLS BY TSB FEDBRAL RBSER178 B011RD. �„' :,<�;,._.
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<br /> 'tbe most recc�►t Index fcgure awailable as of the da� � 45 days ❑ �"������L��_--
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<br /> _� before eacL Change Daze is called the"Cacrent Index." :,:°:'
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<br /> If Ihe Ic.�z is no Ionger ava�able.�Note Holder will choose a�.�►iadac that is based�yomy�able infam�atioa __-_ - :��,...,:._
<br /> 7he Note Holder aill give me notice of tlus choice. .•��ti'�'°:-•-
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<br /> � (�Catcu�tion of C6angPS :� �;�-.
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<br /> • Befose�S Change Dat�the Note IIalsaldez will calcWate my azkr i�terest rate by addior�g � �.-:.,3 _
<br /> Two Arm o.r� �wa peroeutage pa��(s)(' 2.soo 90)w the C�urent Index. �Rf,��–
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<br /> .�� The Note Holdcfi will then roand the res►ilt of this ad 'di:nn w trr �Neazest []Next High�t Q:l�ct Lowest �, ° . -
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<br /> oxs ss�xx� .izs gb). -_=.:mx-_:
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<br /> Subjoct to the timits statcd ro Sa:tion 4(D)belo�v,this ronnded a�.�t w�l be my new inter�.s�t�:e�mW the next CQaage � .. -`
<br /> Date. � .�"�"-
<br /> . `f �e leiote Iiolder wi11 then detennine the amount of the mont�y paymeat that would be suf�cient to repay the unDaid _ --
<br /> in full on tbe date at m ncw int�est rate in sabsttmtialty ;;�'�ti�;�.��..�__��,�
<br /> grincipal thai I am expected w owe a1 the Change Date �Y Y >,�.,
<br /> . ';� e��al paym�ta Tlce result of thls calculation aUl be the aew aawunt of my monthty paymsat '� `f���r`:• . .�'' ""`�.:`_:
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<br /> N)Limits on Interest Rate C�nges �'���� -.
<br /> • P ease checic approp�tate bores;�no bos ts checked,there will be rio mmomrun lUnit on clw�iges.) ' ''"'"''""'�•r-
<br /> (1)7f►ere wiU be no maximum tunit on intecest rate changes. ;:�.��.;..4,i�,�,.
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<br /> xx (2)'Ihe intaest rate 1 am required w pay at the fust Change Uate�rill rtot be greater than e.s o o % . � . � � .
<br /> � ar[ th5n A.S00 �y. • .
<br /> �(3)My inierest iate wil}never be incaeased or deaeased on eny singte Chan,ge Date by mare than .
<br /> { TGro asac�r peroeata8e point(s) ( a.o00 %) from the � : :
<br /> I ratc of t�est I have been paying fot the preceding perFod. .
<br /> �� �(4)My interest rate will never bs�eat�than 11.Soo po,which is called the"Ma�cimum Ftate." . �'' �
<br /> � THS "MINIMUM RATB" WIY.L NSVER BB L833 THAN 4.5004. :, ' ''
<br />' �� �IULT(STATE ADJU9TAB�E BATE RIDEW-3lnple Famity o���o�Z efgl . • . --
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<br /> �oYi�-D9➢A(4s08) VNplAORTOAflE cORM&-fB00Ib2�-729i �nu�:,ir. , . . . •
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