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<br /> �. . ' `'� • � � • ADDL# 001-7030�D1� �
<br /> ::� 97- �,p��0� �::
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<br /> � A,DJiJS'TA�LE RATE IaI�ER
<br /> � TWS ADJUSTABLE RA'I'S RIDBR is rtwde this ls'� dey ef Ak�iIL , 199� ,end is
<br /> ° incorporeted into cu�d shnll be deemed to amend and se�pplemcnt ihe Mortgagc,Dccd of'frust or Secudty Deed(ihe"Socuriry
<br /> s,�.� Inswmc�t")of the same dato given by the undcrslgncd(the"Aorrawer")to sccuro �flmawer's A�justnblo s�ato l�law (U�e _
<br /> ; ��Nots")w ,
<br /> - ' IIOb1E FBDBRAL SAVINC39 & LaOAN AS30CIATION OF (3R11ND I9LlaND
<br /> .n.�r��` �r.
<br /> . �a.ur�"`�� .
<br /> . (the"L.ender')of the same date and cuvering the property described in thr Security Instrument and located a� �'r.
<br /> ' ;, 934 SOUTH PINi's ��
<br /> � ° (3RAND I9r�AND, NSBRASKA 68801 �-�
<br /> �� .�` (PropenyAddre»�J —.
<br /> ' °'• T�5 NOTE CONTAINS PROVISIONS ALI.OWIIVG F(�►R CHI1NCvF5 IN MY INT�RES'F RATE AND MY -
<br /> MQNfi'HLY PAYMENT. INCRGASES IN THE INTEREST ItATE W�LL RL�SiJLT IN HIGHEIt PAYMENTS. __
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<br /> . • -• DECItEASES IlV'�'HE INTEREST RATE WILL RESULT IN 1L.OWER PAYA�I�NTS.
<br /> . �iDDITIONAL COVENANTS. In addition to the covenants end aIIrecm�:ats made in the Security Instn►ment, e_
<br /> �, Boirower and Ixndu furttser covenant s�nd egree as follows: --
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<br /> . `� �• A.IN3'ERF.�T RATE ANJD MONTHLY PAYM�I�IT C�iANCFS _
<br /> '17�e Note provadzs for an inidsl intcrest r�ie of 6.5 0 0 96. 'Ihe Note provides for changes in ihe Y
<br /> a.. :,: interest rete and the monthlY papmeats.sis follows:
<br /> � � �� 4.�ITERFST RATE AND MONT�LY FAYIVSENT CHANtiF.3
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<br />::i::��, f. •r: 'I4ae iniere5t reta I wtll pay may change on tha fust dsiy of �1'RiL 1998 ,and on that day
<br /> _ ;..;�:"'.••, every 12mx month thereefter.Each date on whlch my interest rate co.,3�����is�ttl9ed a"Change Data."
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<br /> =_��: (S)T6e Indcx _..
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<br />�1'=�';.i� . Beginning with d�e first Change Date,my intaest rate wW bo based on 3n 3r�d,e.t.'Ybe"Yniiex"is:
<br />_,:.'_�:,,"-�� TH8 WBSKLY AV6RAGB YIE3� ON UNITED STAT&3 TRBASURY SSCIIRICTIES ADJUSTED Z�0 A
<br /> CONBT.INT Ml►TURITY OF 1 YEAR, AS MJ�1DB AVAILABLE HY TI3B FI;DERAI+ RS38R'VE 80ARD.
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<br /> -�::;:�,,�.�,_. 3lt�a most raxnt Indta figure aveilable as of tho dato: �❑ 45 dnys ❑
<br /> __-=-�:���• bef�re each Change Date is called the"Currcnt Indeu."
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<br /> _T�:� If the Indesc ia no longer aveilaBle.the Note Holdu will ct�ao,e n necw indlrsq tfa,�t�based upon r,omparabla L�f'ormadon. �-
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<br />��-_��.. 'It�e Note Hold�x will givo me nodoe of this choice.
<br /> =��' (C)CA{culntbn of C6anges
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<br /> -T.F�rjJ`� Before each Changc Date.the Notu Holdcs wW cakWate my new intes�+t rtate by adding -
<br /> ��"��� 2�a �n orr� �uu.F percentage poinc(s) ( a.s o 0 96) co�he Cun+cm Index.
<br /> •-=�°•�:-• The Nale HoIder wt31 then cuund trie result of this addidon co eh�e �Nct�t 0 Ncxt Highest C]Ne�t I.mwest
<br /> ����'� ` �,•
<br /> ::�_:�;'i�:� o,�s siax� .izs
<br /> _ �::��s�.`•:•_ Subject w the limits stated in Socdon 4(D)below,this rounded nmount wil�be my nGw�interesi wte until the nest Change
<br />_ _ ..�= Date.
<br /> ' •- �"�J 'Il�e Note Holdex will tfiex�detcrmine the amount of tIM mnnthly paynticnt that would b�snfficient to repay tho unpeid
<br /> -• "•;..= principal that I am expxted to o•a�at the Change Date in full un thu mawrity date at my Rew interest rate in substwmtially
<br /> _ ' eq�a7�ayments.'If�e xtsult of 1h�u�culadon will be the naw amonnt of my montlily payn4en3.
<br /> �• -- (D)LimNs on Intercst R�te Ch�ngav =
<br /> _ ' � � ease check approp�fau boxes;�'no box es checktd,�htre weU be no maadmiun Ifroiit on r.kanges.) =
<br /> p)'It�eie will be no maximum limit oa intearst rato chang�s.
<br /> -�_,L�r¢"•,� �� (2)ltie interest rate I�required to pay at the first C'hange Aatc will not be grcater than e.50o gb _
<br /> ...�.�.e., n ann a� -
<br /> ~ . - • V� �(3)My intcrost raus will never be incecascd or decreascd on ony single Chunge Date by more Qian -
<br /> � TWO PBRCBNT perc�r�tngg ppint(s) ( 2.000 %) from dic -
<br /> rate of interest I have bcen payinB for the preceding period. ;
<br /> Q(4)My ir.teness raU:will ncvcr be greatcr than 1�.50 0 �!'o,which is called the"Ma�simuin Rate: °
<br /> , TH� "MINIM[JM FcATS" WILL Nl3VSI2 SY� I,�SS THAN 4.5004. I
<br /> ' MULTISTATB ADJU57ABLE 6iATE RIDER-Slnplo Famliy 1/0� I
<br /> Prp�1 019
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