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<br /> FHA Case No. -,L=-:-
<br /> � 321-1847368-729 =
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<br /> AI�JLJSTABLE I�ATE 1�II3�R ��:+��-.--
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<br /> THIS ADJU5TABLE RAT�RIDER is made this 28th day of February 1997 � `�""
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<br /> �..� and is inco�poraced into:ind shall be deemed to amend and supplement the Mortgage, Deed�of 3Yust or _-"`_-_
<br /> Securiry Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to secure _ __
<br /> Borrower's Note("Note")to COLUMBUS FEDERAL SAVINGS BANK . .
<br /> (dis "Lender')of the same date and covering the property described in the Security Instrument and located at:
<br /> 6�
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<br /> 2223 BRAHMA STREET,GRAND ISLAND,NE 65801 —
<br /> (Propocty Addttu)
<br /> ., ' THB NQTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE
<br /> INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE lIMITS THE
<br />�d;�';:�: ��:" AMOUNT YHE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME
<br /> "-��'�`�F AND THE MAXIMUM RATE THE BORROWER MUST PAY.
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<br /> '-°'"4� ADDTI'IONAL COVENAJVTS. Ia addition to the covenants and agreemeau made in the Security
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<br /> -'i•ei�i.v. .' IustlUmCAi�Borrower and L.ender further wvenant and agree as follows:
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<br /> ==—=�'�`�' IIV'Y'EREST RATE AND MONT�.Y PAYMENT CHANGES
<br />�:�,,,;;t�� , (A)Change Date
<br />�--��,►as. � The interest rate muy change on the fust day of J ul y . 1998 ,and on that day
<br />-�a;�'��� of each succeeding yeaz'•'Change Date"means each date on which the interest rate could change. _
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<br /> -5 ---�i (B)Tt�e L��ex -
<br /> ��ra�� the interest rate will be based on an lndez. "Index" mexns thc ' _
<br />�R-,�,. �� Beginaing with cue first Change Datc. _
<br />�_`=•'-'�_�:�� weekly average yield on IJnited States Treasury Securlties adjusted to a constant maturity of one yeaz, as made �
<br /> - available by the Federal Reserve Board. "Current Index"meaus the most recent Index figure available 30 days �
<br />�����•��� , before the Change Date.If the Index (as defined above)is no longer available,Lender will use as a new Index
<br />'"'���'�' � any lndex prescdbed by the Secretary.As used in this Rider, "Secretary means the Secretary of Housing and R'�
<br />���;.T-:�`�:.;. ; Urban Development or Lis or her designee."Lender will give Bonower notice of the new Index. _
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<br />- F1iA Mv]tLstatt ARM Rtder•10/95 ��'�`"""'4--
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<br />: ' L PaOe t�ot 3P MORTGAOE FORMS•IBOOl6a'.7281 ^ I IIIIIIII II I�IIII IIIIII IIII IIII I��) +-az�y.�',,.
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