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98- 1�.}�+636 <br /> ADJUSTABLE RATE RIDER <br /> THIS ADJUSTABLE RATE RIDER is made this ist day of rlay , <br /> 1998 , and is incorporated into and shall be deemed to amend and supplement <br /> the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the <br /> undersigned (the "Bonower") to secure Bonower's Adjustable Rate Note (the "Note") to <br /> Home Federal /Grand Island <br /> 221 South Locust <br /> (the "Lender")of the same date and covering the Property described in the Security Instrument and located <br /> at: <br /> 3860 WE3T AIRPORT ROAD <br /> GRAND ISLAND, NE 68801 <br /> [Property Address] <br /> THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY <br /> INTEREST RATE AND MY MONTHLY PAYMENT. INCREASES IN THE <br /> INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE <br /> INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br /> ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br /> Instrument, Borrower and Lender further covenant and agree as follows: - <br />� <br /> A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> The Note provides for an initial interest rate of 7.500 %. The Note provides for <br /> changes in the interest rate and the monthly payments, as follows: <br /> 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> (A) Change Dates <br /> T'he interest rate I will pay may change on the lat day of May , <br /> 2001 , and on that day every 12 month thereafter. Each date on which my interest rate <br /> could change is called a "Change Date." <br /> MULTISTATE ADJUSTABLE RATE RIDER -Single Family ,: <br /> ��899U (9705►.01 1/97 <br /> Page t of 4 Initials: <br /> VMP MORTGAGE FORMS- (8001521-7291 <br /> k . , "� , <br />