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. • 98-� ��a�s3 ADJUSTABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this 13t;� day of April , 1998 ,and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed(the"Security Instrument")of the same date given by the undersigned(the"gorrower"�to s�cure Borrower's Adjustable Rate Note(the"Note")to CONlNlERCIAL CREDIT CORPORATION (the"Lender")of the same date and covering the property described in the Security Instrument located at: 528 HOLCONIB GRAND ISLAND, NE 68801 (PiopeAy Address) THE NOTE CONTAINS PROVISIONS ALIOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. Additional Covenants. In addition to the covenants and agreements m�de in the Security Inst►ument, Borrower and Lender further covenant and agree as follows: INTEREST RATE AND MONTHLY PAYMENT CHANGES:The Note provides for an initial interest rate set forth in the Note. The Note provides for changes in the interost rate and thn monthly payments,as follows: The interest rate Borrower will pay may change on the z 4 month anniversary of the Date of Note and every 6 months thereafter. Each date on which Borrower's inte�est rate could change is called a"Change Date." Beginning with the first Change Date and every 6 months thereafter, Borrower'.s interest rate will be changed to the Index Rate plus a margin as set forth in the Note.The"Index Rate"is the highest prime rate published in the Money Rates column of The Wall Street Joumal on the calendar day immediately preceding the Change Date;or, if the index was not published on that day,that rate on the next preceding day on wi�ich it rvas published. ALTERNATE INDEX: If the Index Rate is no longer available,Lender will choose a new Index Rate which it believes will most closely approximate the former Index Rate. LIMITS ON RATE CHANGES:The maxim:�m and minimuin interest rates during the life of this Ioan are set forth in the Note. MONTHLY PAYMENTS: Principal and inter�st shall be payable in consecutive monthly installments. If the �ate of interest changes, the number of monthly payments will not chanye. The amount of the monthly payments will change to the monthly amount needed to repay the remaining unpaid principal balance plus interest as changed in the remaining number of payments, assuming that all payments due after the calc�alation are made a-e paid as scheduled. The first change, if any, in the monthly payment amount will become effective on the 24 month anniversary date of the first payment due date. Subsequent changes in the monthly payment amount may occur on the payment due date every 6 months thereafter. Each new payment amount will remain in effect until the affective date of th�next payment change. DEFAULT: If Borrower fails to pay any payments�vhen due, Lendor may o>;ercise any remedies permitted by the Security Instrument in the case of default. By Signing Below, Borrower accepts and agreas to the tem�s and covenants contained in this Adjustable Rate Rider. __{Seal) ____ __ ___�(Seal) ROGE J TH -Borrower -Borrower 2ssse-a ais� Original(Reco:rded) Cupy(Branch) Copy CCustomer)