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<br /> IDER �� � ' . • , ' , r..=
<br /> AI�JiJSTABLE 1�ATE R 9 1{�2�54 . _
<br /> 31ST d3 Of t"��� 1997 aiid 1S ' . ; ; ' .-
<br /> THIS ADJUSTABI.E RATE RIDER is ma8e this Y ' , .
<br /> incorpoiated'n�to and shali be dee�ned tn amcad and sapplement th$Mortgage,Deed of Tnut or Security Deed(d►e"Securiry . . _
<br /> the"Bormwer")to sec�ue Borrower's Adjnstabte Rate Note(the ' , _.
<br /> Insaument")of the same date givvea by tt�undeasigned( .
<br /> ' "No[e")tn '�."
<br /> _ :_..
<br /> SOME PF"_'�°.AL SF�VZDICsS & LOAN ASSOCIATION OF GRAND Z3 - - - - - -- -
<br /> ''�
<br /> , R'_
<br /> (the°L.ender'�of the same date and covering ihe property described in the Security Insuument and located at • ' . .. ..�•
<br /> 2317 GATSWAY 212 NORTH C�RACB ,
<br /> NEBRASRA 68803 �
<br /> . C3RAND ISLAND. . . ., . �
<br /> [ptopetty Add[e�sl `�:`_ "��—
<br /> - r --._ . y��sR;�yr;.��_..
<br /> THIS NOTE CONTAIIe1S gROES IN THELOIIVTENR ST RATE VVII.FL RESULT�THER PAY16�N'fS. f � � �_ —
<br /> MONTHI.Y PAYIV�NT. INC1tEAS '••..�.;;.=
<br /> ' DECREAS�S IN THE INTEFtFS'T RATE WILL RESULT IN L0�6ER PAYMENTS. . ,�� .
<br /> � � ADDTI'IONAL COVENANfS. In addition w the coveaants and agreements made in the SecanitY Instrament, , � '�--� �=--�_
<br /> ' Borrower and L.endea further covenant and agree as follows: . • ,•. _
<br /> ,�.
<br /> A.INTEREST RATE AND MON'i'HLY PAYMENT CHANGES • ^t�•--�r�►::�--�
<br /> 'Ihe Note Provides for an iniaal intetest rate af �.s o o %. 'Ihe Note provides for changes in the _. ?�•*;=,�:,---
<br /> y � ��..�
<br /> � inte�est rate and the monthlY paymenu.as follows: • =�:'s
<br /> ` Y PAYNiENT CHANGES • z'`�:� ` —
<br /> 4.INTEPtE�T IdATE AND MONTfiL -' _: �� :� '—
<br /> . j ' ,� '.
<br /> . (A)ChanSe Dates � �" , .
<br /> ;;. .: �'��. -� _.
<br /> 2000 ,and on that day ' �� ``
<br /> . y The inteaest rate I will pay may change on the fust day of APRZL . ,.:� - • �:
<br /> • every 12zH month thereafter.Fach daie on which my intraest rate could change is called a"Change Date." `"' _' =
<br /> '� '`" '• `i.�t��':
<br /> � (H)The Indea ��� �`�!E —
<br /> . . ""a3';'�- - . .
<br /> - , .. �� � �-_—
<br /> .- Beginning with the fust Change Date,my interest rare will be based on an Index.The"Indea"is: -. . • ;sj, ? .�
<br /> T H 8 W E E I i L Y A V E R AOE YIELD ON tJNITBD STATE3 TREASURY 3BCURITBS ADJU3TED TO A ��: . ",i .��
<br /> . CON3TAI3T MATQRITY OF 1 YEAR. AS MADB AVAILABLE BY TFIE FEDERAL RESERVE BOARD. :.yR:::• j� _.
<br /> ,.�e_
<br /> - �� �..: -
<br /> � 'ihe mast recent Index fiq�ue available as of the date: � 45 days ❑ '�'�'_���■►=
<br /> be+fo3e e�ch Ctiange Dau:r.�:_alled the"Current Index." ;:�:-�!�
<br /> -:�: �.��-=-- �—_
<br /> `; - If the Index is no longer available,the Note Holdea will choose a new index that is based upon comyacable infortnatian. ;;.�,���": T_
<br /> 'Ihe Note Holder will give me notice of this choice. '`s`��;t�—o :._
<br /> r-:ar
<br /> (�CSICIIIBtIOD OT CI1�Dgk9 • ..• ' .. -
<br /> • Before each Change nat�,the Note Holder will calculate my new interest rare by adding _.,a��a.+ �T �..�_„�',�.�.
<br /> Turo Arm �E QvaRTSRS perceatage point(s)( a.�so �) co�e current�aex. -
<br /> �;.•_;:�,. —
<br /> 'Ilie Note Holder will then round the result of this addition to the �Neazest 0`Next Highest 0 Next Low�. . . � Q
<br /> oxs szax� - - -
<br /> . . Subject w the limits stated in Section 4(D)below,this munded amovnt wiIl be my new inteaest raie nni�7 ina�i�t C�+s��ga . - _
<br /> DatE. . . _,. . —
<br /> The Note Holder will then deteamine the amount of the monthly payment that would be sufficient to rep2y the unpaid
<br /> , plincipal that I am eapected to owe at the Change Date in full on the matiuity datc at my new interest rate in substantially . .. .' . �.
<br />. equal paymenis.'Ihe result of tLis calculation wiU be the new amount of my monUily payment .
<br /> . (D)Limits on Interest Rete Changes •• �
<br /> P eose check app�opriate bo�es;if ao box i�checked.thae will be no niaumm►i limit on cJwnges.) •
<br /> (l)'Ihere will be no maximum limit on inteiest rate changes. 9.500 %
<br /> . xx (2)'Ihe interest rate I am required to pay at the first Change Date will not be gteater than .
<br /> ort s.soo %. . : . t
<br /> . �3)My interest iate will never be increased or decreased on any single Change Date by more than . t �.
<br /> TWO PERCENT percentage point(s) ( 2.000 %) fTOm the
<br />� � rate of interest I have been paying for the preceding period. '
<br /> . � Q(4)My interest tate will never be greatcr than 12.5 0 0 °b,wtuch is called the"Maximum Rate." �.-
<br /> T� ��IyINIMUM gATE" WILL NEVER BE LESS TAAN 5.SOOPr. .
<br /> ' I�IULTI9TATE ADdUSTAHLE RATE N10ER-Single Family 8�g4 , .-- �_
<br /> - PggO 1 012 .
<br /> �17�3t�i•$$�Q1�08/ VYV 410RTOA6E FORIAS•(800152� 729� �nmaie- � �
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