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<br /> `�� ADJUSTRBLE RATE R1DEOt � T
<br /> THIS ADJUSTABLE RATE RIDER is made this 26th daY of rTarch , z997 �and is incotporated into . .;, •- � ` . . �`
<br /> � and shall be dasmed to amend and supplement the Mortgage,Deed�f Trust ar Seauity�eed(the'Secwity InsU�mient�of • �, • _ _ .
<br /> the same date goren by the undsrsigned(the'6artowaf)to secxue Bortawefs Adust�le Rate Note(the'Note�to - ,.'� � ,` .'�
<br /> CGI�RCiAi� C12SDIT CORPORATION �in the Secutity Instrument locatsd at '�=
<br /> � (the'Lende�of the same date and covering tl�e proper�► __ .,' -^--.�.�;
<br /> 1423 N WALNiPr ST GRAND ISLAND, NS 68801 �;:���°�
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<br /> r� (Rcpatyllddiessl . . 1 Q,�:.ra1��"' .°_
<br /> � THE NOTE CONTAINS MI�S THE AMOUNT THE BORROWERSESNTERES?RATE�CAN CNANGE�AT ANY ONE�ME " `' �"
<br /> � PAYMENT.THE NOTE U : � �i'' `-3"'
<br /> �; AND?NE MAXIMUM RATE THE BORROW9Z MUST PAY. , �;�;
<br /> qd�tional Cavsnsnts.In addtion to t�e cwenants and agreements made in the Sec�afly��sb�ane�.B°n°wat and L�d�r ,..
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<br /> furthei caven�t and agreB as ioilows: � ^'�. =
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<br /> :� I N I E R E S T RATE AND MQNTHLY PAYMENT CHANGES:The Mote providss fer an initial interest rate set toAh in the Note. -�--- . _ _ _-
<br /> '�� The Nofe provides tar chan9es in the inte�est rate and U�e monthlY PeY►nenta,as fatlows: . :<_ :��.._.,
<br /> "" ' The in'terest rate Borrower K�il pay may d�an9e on tha 24 mon�h anniversatY oi the Date af Note and every 6 months �. K•,: ' =;i��.
<br /> � thereafter.Each date on which Bortowers interest rate could d�an9e is called a'ChanBe Dats.' �';`�;;�
<br /> i gegi�ning with the first Char►ge Date and every 6 months thereafter,Bortawe�s inte�est rate wiil be chen9ed to the index , - y ,•;
<br /> ' R;ate plus a ma�gin as sst forth in the Note.The'Index Rate'is tne highest prime eate piblisS�ed in the Money Rates column � � _
<br /> of The Wali S'firest Joumal on the catandar daY immeciatelY Prece��8���e Oate;or,"rf the index was not Piblished on • �.';,, . `
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<br /> that daY,that rate on ihe next prece�in8 day►on which it was P�lished. "-�,�• .' • t .;_� .
<br /> , q L 7 E R N p T E I N O D(:I f t fi e Irtdax Rete is no longer available,LendEx w11 choose a new tndex Ftate which it believes wiil most T_ ,
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<br /> ' closely�pro�amate the toimer Index Rete. . . - 4 ` " �
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<br /> � UMITS ON RATE CHANGES:The maximiur►and minim�nn intereat�ates du�in9 the�ife at tlug�°�e��ttortb in the Note. ,�E
<br /> MONTHtY PAYMfNI'S: Principal end interast sha�l ba pa-yable in cansec�tiva monthty inst�ltmants. Ii the rate ot iM,;,-est � t�
<br /> ts will cl�ange to the monU►lY '. • -r .
<br /> changes,the munber of manthly payments will not change.The artwunt ai tha monthry paymen , .,:
<br /> ' amount needed to repay the remalNng ur�paid Pd�balance ptus interest as changed in the remalning nurMer of -��A�=�
<br /> � payments,assmnln9 that ell peyrtients due after the catc�ahon are mada are Paid es schadulsd The fiiat ct�an9e,H eny,in -.,:;�;• : ., . .���-
<br /> � nt amoimt wiil become eifective on the 2� month aru�i�►e+sary dete oi the 8tst paYrt►ent due date. � ,:.-,°s•::�.
<br /> the monthly paYme _ -
<br /> . S�seq�ent changes in the monthly payment amount may oc�r on the p a y rt�e n l d u e d a t e e v e r Y 6 m o nths the�eaftsr. _-- .. �
<br /> ' Ea�h nsw payment amount w(11 retnain in etfect untii the sftective date of tltie ne�R PaY�+�°��• -.J .`_���'
<br />. �' `' DEFAULT:11 Barowar fails to pay anll P$Y�ffi w�n due.Lender maY exerr.ise arry remedies permitted by the Seauity ��_
<br /> . � InsVument in the case at defauit �= - --"-
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<br /> ...+ BY S�QninB Below,Borrower ea;ePtB and e9rees to the terms and cavenanta contai�sed in Ws Adjusiabta Rate Ridec _ �"�=T�__
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