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<br /> ° � AIJJLISTABLE RATE RIDER "_-
<br /> � 2UQ27958 __ =
<br /> ' _ (1 Ve�r Tre��ury lndex-Rate Capti1 ��r�M��S Rt
<br /> j *= 8TH AUGU3T�' , �Y
<br /> � ��'�k�IS Ap1USTAHI.E RATEi RII)fiR is maJc thin duy of
<br /> i��:;
<br /> � .r :. .und is incor�x�ratcd intu i��id ,h�►U be Sa:emeJ tc�amcnd and,upplement thc Mc�rtgage. Dee�1 nf �-__
<br /> '"",''�''� Trust ur Securiry Deed(the "Security Intit�ument")of the same Jate given by the undcraigned(tha"6orro�ver")ta "_
<br /> s r thc � ra c '�AJ'u�r blc Ratc Iy�itC id�c"Not ' 1t =_°'
<br /> � �ie�lquiti�{e �ui�dind �n�`�oae Aztoctat�on of Grae�d Ie�ind, Nebraska, A Peder�l Savin�s Bink
<br /> t!• (the"I..�:nder"1 of tt►e sume dutc und rovering the property descnbed in the Security Instrument and located at: `_
<br /> � 4167 ARIZONA AVE GRAND ISI.ANp, NEBRASKA 688U3-11 1 1 �_ .
<br /> � �. �Prnperty AddrcsS�
<br /> THE NOTE CONTAINS PROVISIONS ALL�WIN� FOR CHAN(iES IN THE INTER�ST
<br />- RATE ANQ THE MONTHLY PAYMENT. TFiE NOTE LIRAITS THE AMOUNT THE
<br /> BORROWER'S INTEREST RATE CAf� CHANaE AT ANY ONE TIME AND 7HE
<br /> - � MAXIMUM RATE 7HE BORROWER MUST PAV. - _
<br /> • ADpITIOhAL COVENANTS.In addition to the covenant�; and agreements mnde in thc�Security Instn►ment, `
<br />�� . , - Borrower and Lender further wvenant and agree as follows:
<br />- ��.• A.INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />�. ;..�
<br /> The Note provides for an initial interest rate of �• 25O %.The Note provides for chnnges in
<br />���,•. � the interest rate and the monthly paymenG�.as follows:
<br />;��„+�r;;�� ; �4.INTEREST RATE AND MONTHLY PAX1tiiENT CHANGFS
<br /> is�.-
<br />��+n�: :: .
<br /> _�.,,�•�: . _ (A)Change Dates �EPTEHSER �nn�
<br />""�'°'""''`" The interest rate I will pay may change on[he first day ot �' , �uid o,-�thai
<br />_�rki'�' .`• �
<br /> -=�-T�� duy every 12th month thereafter.Each date on which my interest rate could cl�ange is�called a"Chunge Date."
<br /> �`�:�`
<br /> '�'"`�'�"'�"`"`� (B)The Index
<br /> �:�_�� Beginnin�with the first Chanse Date,my interest rate will be based on an Index. The "Index" is the wakly
<br /> ____�,���� average yield on United States Treasury sccurities adjusted to a constant maturity of 1 year. as made available by
<br />�r� the Federal Reserve Board.The most recent Index figure available as of the date 45 days befare each Change Date
<br />?��,� is calte<1 the"Current Index."
<br /> °=�� If the Index is no longer available, the Note Holder will chcwse a new index which is based upon comparable
<br />--"- informution.The Note Holder will give me notice of this choice.
<br /> (C) CalcuiAtion of Changes
<br /> B,�'Q�e each Change Date,the Note Holder will calculate my new interest rate by adding
<br /> i�r percentage point(s)( Z•� %)to the Current
<br /> Index. The Note Holder will then round the result of this addition to the neatest one-eighth of one percentagc
<br /> _;�� point(0.125�/0). Subject to the limits stateci in Section 4(D)below, this rounded amount will be my new interest
<br />'""�."� rate until the next Change Date.
<br /> �1°"O�O� The Note Holder will then determine thc amount of the monthly payment that would be sufficient to repay the
<br /> ----- - unpaid principal that I am expected to owc at the Change Date in full on the Maturiry Dute at my new intcrest rate
<br /> in substantially equal payments.The result of this calculation will be the new amount of my monthly payment.
<br /> -�,�,,,��
<br /> (A) Limiu on Interest RAte Chenges �
<br /> y:,.'="� The interest rate I am required ro pay at the first Change Date will not be greater then 9, 250
<br /> '"=-:x.'�, °�� or less than 5.250 �/o.Thereafter, my intcrest rate will never be increased or decreased on
<br />�'��w.
<br /> ••�,• ;� any single Changc Dutc by more than two percentage points(2.02b)from the rate of interest I heve been paying
<br />�.°x.r;;. _..
<br />-�;:,�:'"�"' for thc preceding twclve months. My interest tutc will never be greater thnn 12.2 50 `�•
<br />�� � '��'�r�r My interest rate will never be lower than 5.250X.
<br /> „. : , t. .
<br />�:;,�:, _ (E) Effective Date of Changes
<br />`� �--•- My new interest rate will become cffective on each Chunge Date. I will pay the amount of my new monthly
<br /> -;a`;`;:•''-'� puyment beginning on the first rnonthly payment datc aftcr thc Chnnge Date until the amount of my monthly
<br />-'-�•: - payment changes aguin. _,
<br />- '� (� Notice of ChAnqes � _
<br />�.�*'��_�_ The Note Holder will deliver or mail to me a naticc of any changes in my intemst rate and the amount of my =
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