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<br /> �_, APPL� 0 01-703 06017 � -- E.��
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<br /> AI�NSTA�LE �TE RIDER . . ` ; _ . _. _���:
<br /> Tf�S ADNSTABLE RATE RIDIIt is�n2de this ZaTH �y of �� 1997 .and is .< . � . � a
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<br />..`.� incorporated intn and shall be decmed m ameud and supp2ement the Mortgage,Deed of Tru§t or Security Deed(the"SecuritY " '
<br /> �
<br /> Instrument")of the same dase�iven by the unde�signed(the"Borrower") w sexure Boaower's Ad}usrable Rate P iute(t he ��°
<br /> .o.
<br />•� � "NOte")�o .
<br /> gpME FEDERAL SAVII4GS & LOAN ASSOCIATION OF CsRAND ISLAND
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<br /> (the"I.ender"�of the same date and covering ttie propesty descn'bed in the Se�urity Instrament and located ai: '. . . " _
<br /> 4019 BOSTON CZRCLB ' � :�.
<br /> GRAND ISLAND. NEHRASRA 68803 : '_ }
<br /> [propxsty Addies:J ` _ '--'
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<br /> TEIIS NUTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST 1tA't'E AND NIY � ��`_'''�'�,��,'
<br /> MONTHI.Y PAYArIENT. WCREASES L'01 THL IlVTEREST RATE WII.L RESULT IN HIGIiER PAYN�TITS. � .,, . �� ' �..,
<br /> DECREASES 1N 7'�E IIVTERFST RA'I'E'WD-L RESULT IIY LOWER PAYMENTS. :�;��.
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<br /> ADDITIONAL COVENANTS. In addition to the cove�ants and agre�eTUS made in the Seauity Ins�ument, . - -��,-�:- -
<br /> Boirow�r and I.eader farthea covenant and agree as foltows: "�".��- ---_-;T
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<br /> p,gNTEgE�'['RATE AND MONTHLY PAYMENT CHANGES . } r "�y :_. ��!-A_�.
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<br /> . . 'The Not� provides for an �itial interest tare of 6.5 0 0 %.'lbe No4e provides for changes in the ��.��
<br /> intraest rate and the monthly paymeats,as follows: . .
<br /> � '.� �, --
<br /> f.' 4.INi'E�2ES'['YtATE MFD MO1�ITHI.Y PAliR/[ENT CHANGES 'S� �� "'''.� :�.
<br /> - Dates �g�` �
<br /> (A��n� � ���-'"?.�' .
<br />� �7 � '.��' � � :�+���::
<br /> 'Ihe interest rate I will pay may change on the fust day of APRTL � 1998 and on�day -•.;,, .�i•.:.- :: ?� -
<br /> ��, 12TS month thereaftra.F�ch date on which my int$rest tate could change is called a"Change Date." - �_'�� ; :�---
<br /> (B)Tfte Lvdex � ,��•,
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<br /> . Beginning with the first Change Date.my inteaest rate arill be based on an Index.'Ihe"Index"is: - _ �� ;�_ .�
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<br /> THE SqSBRLY AVL�FtAt3E YIBLD ON UNZTED 3TATES TREASIIRY SBCURITIBS ADJIISTSD TO A �,; F_
<br /> CON3TIYNT MATIIRITY OF 1 YSAA. AS MADB AVAIL3►HLE BY T$S FEDERAL 17ESERVE B0�1RD. ��,:"���'�-a.r
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<br /> . 'l7ie most recea�t Index figure available as of the date:� 45 days ❑ _°°_�- ` ` ' . ���
<br /> hefore eacb Change Date is calted the"Cuaent Inde�c." `"_T�-
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<br /> If the IndeR is no longer ava�ble.the Note Holder aill choose a new inde�that is based upon co�parable mfoimauon. ,�� F.l
<br /> ��' 'ihe Note Holder w71 give me notice of this choice. • -- - ��
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<br /> (C7 Cakulatbn ot Changes �� - . '�-:=-
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<br /> Before eac6 Chaage Date,the Note Holda wiU calculate my new interest rate by addipg . `�'v•���`"� --
<br /> - TWO AND ONB HALF per�entage point(s)( 2.500 I �90)to the Gurent Inde�c. `�'�°'���'.�. �_..
<br /> 'Ihe Idote Holdea will then rounA the resutt of this addition to the �Nearest � Next Higtiest 0 Next Lowest ����, :, �'"
<br /> , oN8 SsGHTfi ( .1a5 %). �> ' . .�__..
<br /> Su6ject to the limitv stafcd in Secrion 4(D)below,this munded amount wi12 be my new intera4t rate until the next Change �-�-?t~�`• '�
<br /> '.�,'�i_y:.
<br /> � Data -.�. .,� `..�� .
<br /> : ZUe Note HoWrr aill then Qetennine the amount of the monthty payment that would be sufficient to repay the unpa�d ``��.,ry��,,_`��::., �
<br /> princIpal tLat I am ea�pected to owe at the Change Date in full on the matiuity date at my new intcrest iate u�snbstantiaUy '
<br />' equal payments.'Ihe resuit of this calculation will be the new amount of my monthly payment . � ,—
<br /> (D)Ltmits on Interest Rate Cmanges . , "
<br /> � Please eheek approp�iate bnxes;ff no bnx is checked,rhere wlll be no�mum limft on changes.) , � _ � t���
<br /> �(1)'Ihere arill be no maximum tiWnit on interesR rate changes. • -
<br /> xx (2)'IUe int,erest rate I am required to pay at the first�Change Date will noi be greater than e.5 0 0 �o , . - .
<br /> ot less th8tt 4.500 %. • .
<br /> �(3)My�terest iate will nev�be increased or decreaseil on any single Change Date by more than �,
<br /> Tv7o P�xC�iT percentage point(s) ( z.000 %) from the . � . �
<br /> ; rate of inteaest I have been paying for the pmceding periad. ' � r
<br /> Q(4)My interest rate will never be greater than 11.5 0 0 %,which is called the"Maaimum Rate."
<br /> TIiE "MINIMIJM RATS" WIL1, NEVER BS LESS TFI31N 4.SOOt.
<br /> � �IULTI9TATE ADdU9TABLE RATE RIDEB-Siaple Family a/94 •
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