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<br /> . • " (i Yeu 7teasary tadex—A�te Caps—F�ced�te�o�reraloi Optioa)�: _ .
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<br /> - • THiS ADJUST/[BLE RATE RIDER is made thIs24TH` day.of SEPTfl�tBER . 19 92�.iiad is
<br /> - __-- _ _�aiatedinto�sa��ai##s�deemed�u�att sud s�app3eraea���3air�a�:��af�st or St��it}Uetd .,.
<br /> -°_ (the•.Security Insuument")of et�c same date given by the uaders�gne8(tbe"BarroWrer")to secute Borrow�r's
<br /> Adjustabie Rate Note(flie"Note")to NORWE3T MORTGAt3E, INC., A MINNESOTA
<br /> - CORPORATION (the"Lender")of We same date and covering tbe pmperty described ie
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<br /> . , ---tTe�r�ty Instto�rten[an . - — �—---
<br /> ::f �� ' - 2424 WEST LAMAR AVENUE 6RAWD ISLAND, NE 68903
<br /> �..- __.a`+: :S�-.I�Y�1 ..:; . . _� ;:,:.."�,'.����
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<br /> � � THE NdiE COIiITA�i:�.�tlQ!�AC�„,,�',,�:.�'.i',�, .���`�RATE
<br /> , ., . . , . .. - ; R,s
<br /> _ � : ��•.<� ANQ THE YONTHt��1f.MEN�`LHE NO�'�c��fi7t�flE�bH
<br /> �-�--� : .. -- --
<br /> ` _ �`= � ADJUSTABLE IN�RATE:CA�1 C � � �`.�(1F'i1�4`�ti�!i�_ ,,, ..� E YAXIYUM
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<br /> . 7�,;,,' �:;�`:�: . RAT� TNE BORROWEH;:A�#�',��,T .PA�f`��TilE�������`�L tT�`ClflNTA1N$ THE _:..,
<br /> .. r��' ;:. OPTION'[�CONVERT THE��11�t�l.E RA7E TO�`��IATE.� �
<br /> � �:;�;��;_• , �_ , , <<:; .< <
<br /> �:::' i � ADDFT[ONALCOVQVAl1�TS:tqs��,u+�����;�venaatsand"��eements;;ma�inWeSeraritylasuamea�
<br /> : ^,��,�'. F���� :<i, r Borrower and Lender forthei co�eaant,�����t,,t�tb+�s: - . . -
<br /> ::,,''�' 'i='� �':>i,� : er . _ ,.x .,, t,.�i.-k,, tr . ,� `
<br /> .�_.�` t F ' ' .�:r.,•:i ' � �s � �„�, , ' -._
<br /> r,}�s z '���� t:�.,•:�`` q,.ApJUSTABLERATEANDM02'�'�'IF��''�415�?FCHANGES ' � . � , . ;;'.- ' . •;
<br /> '� �' '' `�ry �'`�``� The Note provides for an initiuf inf�r�r.�s..�������,50 �.Ttte;l�iote prov��sr�e,c�,��tbe adjustabte , :t�+i _
<br /> ' 'r ,�}-- ;r�.�; �.�st rate and t6e monthiy payments a��i!���5- .��::�, `�; °� ` °` ' „s�` � ` — —
<br /> -_��'_�� . z�;tj.'`;>i - � ` ' Y'k t%;;s:', `.;a � '. 1 f. ''
<br /> '"' ���` ��Al9JU5TABLE INTEREST RAT�AND�4ION�'4�1�'�'AYMEI1r��t�t�t�' �` ' '� � `�
<br /> _ �� � - s :�:,:. ;..i tA)C6au�flates :, ` �.�.,.. : . ` � ' ,- � �,,��
<br /> '-�'$ r_: - ; �_ .°=� -.� The adjustaWe interest rate I wili pa�a4,.y edaage on the first a�i�i�a�� �1���. ..='' .1993 . . �`�����.'
<br /> � �;. `.d.` ��t�,cw��� �`G� � �, and on that day every IZth rt��atb th�r��fi�e�Each date Qn which rriy adjus�:^,.��e r,rtr�:s�t��'could change is ���' _
<br /> '� f1'�r��5!'';l"Y*',�%':� �:;;;�?;` calleda��ChangeDate ^ :..r - ;ti,� ;.'': ,��l��i>�,
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<br /> n �y .S�j.t1411��,�,k�1�Fx�' `�ti�.t 'r:�c-:" ��� 'r,�C�, .,� . :��.;1, ,Y�;,-,�.�.�
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<br /> l�f �,' , -.� Beginning wifh the first C#s.�,sL'�II����n�ad�ustable interest rate wil l be bas,�..�d,q�,��*td�c:;�e•'lnde;''is .',... ;, �` i��S��ti�#��Y: --
<br /> ��X"�-, : ,� . -- - the weekly average yield on tsr�r't��ii:Stateg�reasury securities adjusted to a co�st'w,�e��;.6zo�st�,�r�f,ye�r.a��.�m�e::,;:'',;__.��`.,:.,-�:,.<<��?��t�;���;—�
<br /> i(• . ���F - � � fi e � }.f f �,•-
<br /> _ available b the Pederal Reszr,'c��l�oard.T�ie most recent Index fi ure avai(abte�s 4l.�.dat�4a�ays befar�e�,7a ¢ • ��
<br /> ' _ • . . . }� 25 f+T ..... �,f'�S jr�j.� �•�_.
<br /> � � , < C7�ange Date is calted the"Ccierent Mdex." ;�.,>�-, . .,+:_."..:'',� �, f-_':�,_,., p�p,;:i;�y,.-
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<br /> � . 1f the index is no langer a�ailable.the Note Holder will chaase a new ind�z�.t is based upon compara�le' ; ::�;v�,��,-• � _
<br /> ` ' � information.The Note Holder will give me natice of th is choice. � `� ' -
<br /> - :;� ' ' (C)Cs�lculation of Cbanges �. t�� ,,�.: � ' -
<br /> •� � ;�`' �•. •. Before each Change Date,the Note Holder will catculate my new interetit rate by adding 2.750 �' ' : ��, •�'
<br /> - -. G_ _. r ._ �. .. _ .�.(.["y`.�_� '.:`a.�__
<br />- � - 'u���'• percentuge pointsa.750 71 to the Current Index. The Nate Holder will then�cru�d the result af this additian t� • :�..�{;,.�j,,, t
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<br />��•. ',, � ' °�`"�tM to tde nearest ane-eighth of one percentage Qoint 10.IIS�I�i.Subject to the limits st�t�in Section M D)betaw,this � . �3;:�::,"�
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<br /> raunded amaunt will be my new intere�t rateuntil the next Change D�te. � �i����
<br /> -' F�.`�`. '(`� ���;� The Note Holder wil!then determiney,the amaunt of thc monthly payment thaE���kisE b4's�af�cient to reQay ; . . � . ,{`.Y�
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<br /> �, < % �;f,• ;. �,;:,.�r,�•: , `• � �� � �he unpaid principal that!am expected�o oK•e at the Change Date in full on the I�fat4rres��. ai my new interes! [` , , _
<br /> ,,, i,. 1 ,, 1' "• =` rate in substantialiy equAl payments.The r�ult�f thi�catculation will be the�se�u��ar��s�.r�� �g�:�manehS�.pay- ; , �'' _:,
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<br /> `� ��:";�` . ' .;il'�Ei Llmits ans Qmterest�f�ute�hanF3� ' � �:''' �.. �� : '' �� '�,, . . t
<br /> w� . ?".jF.- •The inter��.*��.�J am req�,:ired to prs_%a.�thr firtit Changr Date w•ill not be��:�:.�x tha�:c .'�.2SG�"ui�'tess � � �
<br /> ',� � ' �� �• thao 3.25d r�:.��::�J+'ter.'s�ty adjus 7 nc er be increa ed nc d�i+�:.:i eii a�j g hart„� ' �:; , ':'t,`
<br /> �.., _ .. tat��er�erc�t rate w il l �� � , . an ti �i� 1e C b Date '; , .
<br /> ' � � by more th�n TWD percent�t��i�i;�:is12. `.►fr�m thr rate��f interest 1 hacc bcrn�"r�iir:��for ihe p�eceding 1�#�ihs. '` �`'�4;,y;��-.��
<br /> `"`"z�� �' My�interest rate will never'!C�_��;ater tftai!1.250..which i�caltcd the"Maxceoum�i�`�te.' , . . °,i�:;4�� � �
<br /> � .'� � � _ ��)�(iective D►ate of C�n�s' ' �`�'''�;�'� � � . �
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<br /> . . `� . My new interest rate cvif�iiecoans e�.une nn cach Changc D�ale:��.�it'��:,j�iii�:,�mourtt Ut'iny,new manthly , .
<br /> ,; payment beginning on the first,r�ontE�C��pa�,mcnt�fatc aftcr Ihe Cb�.a�z•,�..��:.•��^s.c�,'�hc amo�t�ir�.f my mnnihly �; � .�� .
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<br />_ . . j;,,•;`' - PaYment chanaes again. ; _� ., . . , , � : . .,' ��:".f �i��lt�r'1 E�r
<br /> 1 � , l tii,j �F.� , 6F1 Notice d C6an�es., , ` . -, ;', , ;' 'f '`,,j>.` ,
<br /> ,'s`' �45�'..�fi'�;;�l::}" s, The iYote Ha!de�r�ftl',r�,c�n+:r ar maii tu me a noticc;of an} �ft:��r:��.._,n�-�r�; ,�r�'ju�table in[ereyt rate,cz�i��-7t�:?;,;';= :1,•..; .,'.'.� . ,
<br /> „ f '�f.�f�'.�' '•�`t;?t�r�.'}�";►� � ' amount af my�n�t�i4�i��i�7�,�r�'tiiR befns4;ih��ifective Jate�►f are�•..�t:�...�fi�pusticc witl irt�tude infccrnt�.i'u3i� t ` ` >•', . .
<br /> '''� :�,��,t'.,�,.�,� n��.;,i�;r,�`<<, � , .
<br /> �.� � ' reyuired by 6aa:ta�i�r uir��,�4 and alsa�j')ix titfc artd telcphorte nun�i�i,:�pe•r,�ir�whi�will an.wef any yu:sti�n � , f•;,',
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<br /> < � ' - �1YfS1�l F}3t�'C t�3i1�11i�:14tC RMt�'„Y.i: •,t�� • , ,+'�
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<br /> '�: : � 7he:Vote prd�i�tes far tfle HattatiaeE y nptian to c�m•ert fr�+m an aJlu�rrhte intere�t r�te �r�ith intctest rate '
<br /> ' ' � . � limits to a fi�ced interc�t rste.:i�fAIIMtti: �,
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<br /> - , s.�IN'fFRFST ItATE CUVrF aszuv���rr�v� .
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<br /> •"�.� i /A1 Optiae to Canert ta E'uced liate �
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<br /> � "�.,. � '� 1 have�Comeninn Opti�m that 1 can c,rcrci.c unic+.l am in default��r thi�:5ecti�n SIAi«iH tti�t permit �
<br /> � . �. me to da sn.The"Conversi�m bpti��n"u��ri}apti�m t�•a+m�ett thr interc�t rute{a�n re��uircJ t�.p•ry hy th't�N��te •
<br /> � .�'_ , � fmm an adjustahfe rate with internt rute limih to the�xed rate cafruLzteJ undrr Secti��mS�R�bekn�.
<br /> �'..=- �.� .. .. .•_:..__. .:; _ ... . Tff�cY+oa�erti�»e:rn nnl�►uk�.�itsur��n_u d;ste�s�.pctiife�J h��the ru+te.Hol�ler tiurink.ti�.perio�i t+e�inning.an -- - -
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<br /> :t, . the first Change date aad ending un the Rfth Chanre b�tc. �:�ch datc on ahirh m� udju�tu!►te intcrc•t ratc can •
<br /> : �`` ; . � coni•ett to the t�r++ftxrd rste iv ca�ttc*d�he.'Cnmer�inn Uate." � . �
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