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<br /> ADJ�JSTABLE IiATE R��ER �ooa�s77 _ ' �' '_ • -
<br /> _ (1 Year Treacury Index-Itate Caps) : ���'� �4��.`�'� . �
<br /> 19975 ADJUSTABLE RATE RIDER is made this 26TH day of MARCA . ___
<br /> ,and is incorporated into and shall be deemed to amend and supplement the Mortgage.Deed of
<br /> �
<br />- Trust or Security Dced(the"Sect►Tity instrument")of the same date given by the undersigned(the"Borrower")to , . .' •
<br /> sec e th�B ow�r Adjustable itate Note(the"Note"1 to • �•. -'_
<br />. Y�e Eqoita�fie Huit�19$ �flG LOBII A88flC18�100 OI GTaRd I9�BIId� Bebras�a, A Federn! Saaiaga Hutt _.__ ____
<br /> (the"Lender")of the same date and covering the property described in the Security Inswment and located at: _.; '�
<br /> . . .W•",
<br /> 1710 W KOENIG ST (3RAND ISLAND, NEBRASKA 68803-5433 . ,---.___
<br /> [proaem naa�sl . ..�.:. ��,�:,,..
<br /> � THE NOTE CONTAINS PROViS10NS ALLOWING FOR CHANGES IN YHE INTEEtEST • • ;_� ��:
<br /> � RATE AND THE MONTHLY PAYMENT. TkE NOYE LIMITS THE AMOUNT THE � ��_R �_ -
<br />� BORRUWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AWD THE ' ;�' -.�-- :.-__
<br /> ��,..
<br /> MAXIMUM RATE THE BORROWER MUSt PAY.
<br /> . . �,'��
<br /> � ADiIITIONAL COYENANTS.In addiuon ta the covenanu and agreemenu made in the Security Insuument, : ; _
<br /> • • x�.�.
<br /> Borrower and[.ender further covenant and agree as follows: -�°- __
<br /> ,-.-;:.�v
<br /> . A.INTEREST RATE:►ND MONTHLY PAYMENT CHANGES � -.-.�� �"��
<br /> - �'� .�
<br /> - ` , The Note provides far an initial interest rate of 7•3 7 S %. The Note provides for changes in _ z.�.,
<br /> the inierest rate and the monthly payments,as follows: �`
<br /> �`"~ �•s�-`
<br /> 4.INTEREST RATE AND MO1V'�'IQ.Y PAY11iENT CHANGES ,.;;4. .:
<br /> - ,.� .:.r�
<br />:.:__.:. " �r-'
<br /> . r (A)C6ange Dates qpR I L , 2002 ,and an that
<br /> . The interest rate I wil�pay may change on the first day of ,`���•�^�
<br /> • , day every 12th month thereafter.Each date on which my�nterest rate wuld change is called a"Change Date." �.�`,c�
<br /> � �.
<br /> B)The Index `
<br />, �: geginning with the first Change Date,my interest rate will be based on an Index. The "Index" is the weekly �,�,1 �';.
<br /> average yield on United States Treasury securities ad,jusced to a constant maturity of 1 YeaT•as made available by � ,i
<br /> � the Federal Reserve Board.The most recent Index figure available as of the date 45 days before each Change Date ��.�„
<br /> - is called the"Current Index." `
<br /> ;�--
<br /> • If the Index is no longer available.the Note Holder will choose a new index which is based upon wmparable _ �,r__�,�._
<br /> ' • information.The Note Holder will give me notice of this choice. � �r
<br /> ����r
<br /> _ (C�Calculation of Changes �-----�— —_
<br /> , . Before each Change Date,the Note Holder will calculate my new interest rate by adding �___
<br /> . qyqp percentage point(s>( 2.000 %)w the Current -,.� -
<br /> Index. The Note Holder wiU then round the result of this addition to the aearest one�eighth of one petcentage � � -.��
<br /> `' . point(0.125�0). Subject to the limiu stated in Section 4(D)below, this rounded amount will be my new Interest ��__�.,,,,.,,,
<br /> . rate undl the next Change Date. � �'�'`"��
<br /> 'l�e Note Holder will then determine the amount of the monthty payment that would be sufFicient to rspay the �
<br />, � _ _ ut���u Yr�n���e;�,;�r;:o�rat r��we at the Change Date in full on the Maturity Date at my new interest rate ,;:f�-�
<br /> ; , . in svbstantially eqaal paymenu.The resuit of this ralcularion will be the new amount of my manttily payment. �-y�
<br /> �. (D)Limtts on Interest Rate Changes % ,. -
<br /> �' The intere,st rate 1 am required to pay at the first Change Date will not be greater than ��3'75 ���*
<br /> � � or less than 5.3 7 5 `Io.7'he*eafter,my interest rate will never 6e increased or derreased on � �. •_�.
<br /> • any single Ci�ange Date by more than two percentage points(2.0%)from the rate of interest 1 have been paying �a
<br /> %. r:.-•- ` �
<br /> . for the preceding twelve months.My interest rate will never be greater than 12.3 T S �-`�-_
<br /> ' My interest rate will never be lower than 5.375�. ' '• •�� �•
<br /> � (�E)EfYective Date of Changes `����' ` � ` • '`
<br /> .. My new interest rate will become effective on each Change Date. I wiU pay the amount of my new monthly :i;�;�..:�.�y�Y�;f:.:'
<br /> • payment bcginning on the first monthly payment date after the Change Date until the amount of my monthly _: :°"-'�;,,.: .° .
<br /> � payment changes again. ,,
<br /> (�Notice of Changes ` -_-
<br /> The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my
<br /> � monthly payment befare the effective date of any change.The notice will indude information required by law to
<br /> � be given me and also the title and telephone number of a per�an who will answer any question I may have -:;-�**��r-��+-•
<br /> regarding the notice.
<br /> RiI�LTISTATE ADJUSTA�LE RATE RIOER•QRM S-2-Smgle Pamdy-Fnnnb MeolFraddio Moc Unitarm Instrumant , . .
<br /> Form 3111 3/85 � , „
<br />, . . � ���2�'9305� VMVMORTGAGLiONMS i8J0�92t 7297 � PrmtadonRCadaA7epar �.' . ,i,-.
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