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<br /> - �� � d4DJUSTABLE MTE RIDER � �. � � .
<br /> ' � 9?-- ���8°7� � � . . . ; _
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<br /> THIS AD.lUStA91E RATE RIDER is made thls 1nh day at� FebPUafSf . 1997 .and is Incorporated Into � � • � • V
<br /> and shall bo da�med to emend and supp!ement the Mtortgage. Deed ot Trust or Sacurfty Deed (the 'Secur(ty InsUUmenY) 01 the seme t, ' ," Y •,
<br /> , date ghresi by the undersigned (the 'Borrower') to secure Bartowe�s AdJustable Rate Note (the 'IVote') to , : �
<br />. �..tncoln Fed�ral Sas+ings Bank of Nebra�6ca . .. .
<br />- (the 'Lender') 01 the same date and cove�tng tfie propeRy described In the Security Inabument and located ax ; �� ` ,
<br /> 3007 Cilads4qe►s� Ci�cle�Pa�td Islsttd �leb�a:s.�.a 888' �3 and 820 47eat Helea Circ:.le Lincoln. Nebraska — . - - •- —
<br /> �roputy aamess� 68521 .
<br /> THIS NOTE CONTA1�iS PROVIStONS ALL0INII�IO FOR CHAN6ES IN THE INTEREST RA4E ' , � • `�k -
<br /> AMD TI�E MONTHLY PAYMEE�IT. THE N� UMRS THE AMOUNT 779E�ORROiNE6i'S . � . , •
<br /> INTEFiEST RATE CAN CHAN�E AT ANY ONE TIARE A�1D 1'i�#� lJJAXIG7U!'!! R6al'E THE - - - �--�,--. =..
<br /> BORROWER MUST PAY. ' ' . """-r,
<br /> . _;��_
<br /> �._b:
<br /> qpD(TlpNAL Cp1lENqNTS. In add'itIon to the cov¢nants and agreements made tn the Security Instrumen�Borrower and Lende► � Y_ - -
<br /> tuRhar covenan!and agree as foIlows: t��- ^
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<br /> . �1."—__ _
<br /> 4. IM'EREST RATE AND MOM'HLY PAYMEi�iT CHANGES '.
<br /> �� .�:
<br /> (A� Change �ates .. '- ��:
<br /> Tha interest rate 1 witi pay may change on the ftrst day ot Ma►Ch _. 19J8 . and on that day erery ='x-_ ---
<br /> .�:�'�e1E.•_�-
<br /> 12th month thereafter. Each date on which my lnterest rate could change is ca6ed e'Change Qete'. -- � •__--
<br /> (B) Ti781ltd67t . - _
<br /> .. Begfnntr�g with ihe tGst Change Date, my tnterest rete wUl be based on an Indmc The 'Index' Is the flnal average contrsct � ;,�
<br /> hitetest rale on comenUonef loans dosed tor purchastng prevtously oeeupled homes. by eli maJor lende►s for that manth, es made :;.c
<br /> • avaBable by tha Fedetal Heusing Flnance Board. The most recent Index flgure avafinhfe as ot the date 45 days b�{ore each Changa �.
<br /> ,.
<br /> • Date is ce�ed the'Current Index'. -
<br /> If the Index is no tonger evaRebte,the Note Holder wAi choose e new index whteh is based upon eomparab:a tnformatton. The +," _� .�:,,,
<br /> �' � NoSe Holder wHl ghre me notice o1 this choice. �•'
<br /> :�.. •,
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<br /> . (C)Catcula4lon of Changes
<br /> _ �,''•,
<br /> Betore each Chsnge Oate,the Note Hotder wID�:�tate rtry new Grterest rats by edd6►g One and 2a��1�•�0 .;. - ��' aiI"( ,
<br /> .. 4" �.
<br /> �
<br />, pereentage pofnta( 1.250 96)to ti:��urrent Index. SubJed to tha I1mfta stated In Section 4(Dj 6etow,this emount _ . .�..�E��:_��;
<br /> • . wID be my new interest rate unUl the next Change Offia -��
<br /> The Note Hofder wID then detesmine the amount o!the monthy payment that would be sufRder►t to repay the unpaid ptlncipal '°` ,�-,-_-
<br /> -��-�._—.
<br /> • that 1 am mspeded to ovre at tho Change Date in tuD on the m�wrfry date at my new intarast rate in aubafnnUuAy equal paymente• The _� ��� -,
<br /> rewY ot thla ealwlaUon vdG be the new amount o1 rtry mordhly paymenR �;;��r-�:
<br /> (9) Umfts on Interort R�Changea - -� .� Y=
<br /> . '.�_�`� -
<br /> The Interest rate 1 am required to pay at the first Change Date wCl be no leas than the atrtent tndex bui no more than � � .
<br /> - �:�?�=._ —
<br /> . 1.5�0 9i points more than the current Index re:a 7t�eroafter my Interest rate wW ne�er be Increased or decreased on any singie - ��
<br />� , Change Date by more than Ono itnd �a0/10�0 P�t( 1.500 9y irom the rate o1 tnterast I have �'`-�--- - _
<br /> -�-r-x.:..���:�.
<br />� �t bee+�payhg tor the precednp twelve morrtha. My interest rate�►(fl neuer 6a�eater than 14.50Q 96.Floor 7.OQ0& 9i. —.____
<br /> :-°.�+�-•�-,r ,
<br /> (E) Effecttv�Dat� of Changea '��+�',�,,��
<br /> My new Interest rate wl11 become eftecUve on eseh Change Date. I wN pay tho amount of my new monthly payat2rd beginnin8 ;«�-.-,..�•',,.��:�
<br /> � � on the iFat monthy pwymeent da2e after the Change Date untB the nmount of my monthty payma►t ch�nges agaln. -,�s;�,.���t�;,r}���:;
<br /> � � (� Nottco o!Changes ��`�'��j �'� .
<br /> ��'.:�.
<br /> � The Note Hotder w-81 deWer or maD W me a rsc^:ze of any changas in my intereat nte and the amount o1 my monthly payment '"�'��"''""""°"."�
<br /> �=�_-�.:, •
<br /> beforo the effecWe date ot any chenge. Tha no:.'rr3 wiY Indude IntormaUan requlred by taw to be given me end also tha UUe and - -._ _ � .
<br /> � tetephone numbe►01 e person who w7 enswe+any q�:es4on I may have regarding the noUce. � � �
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<br />� � B. TRANSFER OF THE PROP�c�ATY OR A BENEFlCIAL INTEREST IN BOAROWER ` .. :
<br /> � Unifortn Govenent 17 01 tho Security Instrument fs er..ended to read as toAow9: _.
<br /> Tansfar ot the Property or a Bonoflclal In4orostt In Bflr�oyeor. t9 c3 or any pnrt of the Properiy or nny tnterav� ' .
<br /> In R Is sofd ar tranafe►rod(or(1 a banetict�l Interast ln BonrnvPr ia sofd or transfa�red end 8ortower Is nM e natural pe*son)wfthoul � � �
<br /> •• Lender's pflor written consen� Lender may, et its optlon, require Immediete payment In fuil oi aii sums secured by thls Securily
<br /> InsUument However, this a�rUon sha0 nof be exerdsed by Lender H exerdse is prohiblted by lederal law es of the dato ot this • '
<br /> • Secudty InstrumenL Lender also ahall not exerdse ihla option ii: (a) Bortower causes to be submitted to Lender InlormaUon requlr6d � �
<br /> by Lender to eveluate the Intended Vansieres es H a new loen were betng mado lo tha Uans(eree; and (b) Lender reasonabty . �
<br /> determtnes that Lend�'s secudty wfli not be Impalred by the loan essumpUon end lhat the dsk of a breach ot any covenant'A � . �
<br /> ' agreement In lhls Securiry InsUUment Is acceptabte to Lender. � ' � ., • -
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<br /> P6tf13.LM0 1��) Foge t ot 2 � . .
<br /> 70435 � —
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