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..� � ..'.�:_. .. ' • i� .•�r '.^�r. ' .i,f• � r 2�•• .�•+'a k.: '� ��r}3� . � _ ....__�._a.+YLls.. f It .��_. . . , .e. ... � �., ..�.. •..� . . . ..�,. :� �tr�.�_, ,, . ..,�. ' _ � .. ..•f�� Y,.r�. y•� ,,�. , . . , � • n •� '��t. �: ., _�=R.. " ��,�y � . "�T�Y�C'=�,_ . . . . yai{L'lww+� . - , . __""— ____-_"_- • • ADJUS'I'ABLE RATE RIDFR Z0027955 - _ (1 YeRr Treasury Index-Rate CAps) 97�1� .�� — 14TH AUGiISi' �997TH1S ADJUSTABLE RATE RIDER is made this day of , _ ,a»d is incarpc�ratcxl into and shall be decmed to amend:u�d suppleuien[ tlie Mortgugc, Decd of � Trust or Security Deed(the"Security Instrument")of the same date given by the undersigned(tho"Barrower")to t(ie�quI�i�le��o�Yd�is li��oie�A°oioc�itlon o�h�rand"�slin�, Nebra�ka, A Pederal Savi�{s Eank (the"l.ender")oF the samc date And covering tlie praperty described in the Security Instmrnent and located at: 2411 N LOCUST GRAND ISLAND� NEBRASKA 68801-2341 _ �Propeny AdJrcss� THE NOTE COfMTAINS PROVISIQNS ALLOWING FOR CHANGES IN THB INTEFiEST RATE AND THE MQNTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROW�R MUST PAY. ADDITIONAL COVENANTS.In addition to the covenants and agreements mside in the Security Instcument, - Borrower and I.ender further covenant and agree as follows: A.INTEREST RATE AND MONTHLY PAYMENT CW#NGFS The Note provides for an initial interest rate of �•500 %,The Note provides for changrs in the interest rate and the monthly payments,as follows: 4.INTEREST RATE AND MONTNI.Y PAYMENT CHANGES (A1 Clwna�Dotes DFT°n�E$.a ��Q� The interest rate I will pay may change on the first day of' ,and on that , day every 12th month thereafter.Each date on which my interest xate could change is called a"Change I1ate." (B)The lndex , Beginning with the first Change Date, my interest rnte will be based on an index,The"Index" is the wxkly average yield on United States Treasury securities adjuued to a constant maturity of 1 year,as mwde available by � the Federal Reserve Board.The most recent Indoz figure available u of tha dAW 45 days beforc each Change Date is called tlie"Cuirent Index." ; If the Index is no longer available, the Note Holder will choosc n new index whiuh is based upan comparable informatian.The Note Holder will give me notice of this choia. } 1C)Culculation of Changes Bafore each Change Data,the Note Holder w�lil calcuglat�eomy new in��s�Iate by adding � TW4 rcenta e int(s)( W« 96 j to the Current Index. Thc Note Holdcr will then round thc result of this addition to the nearest one-eighth of one pentntage point(0.12S�O). Subject to the limits stated in Section 4(D)below,this rounded amount will be my new intenst rate until the next C�ange Date. ` The Note Holder will thcn detemune the a�nount of the monthly payment that would be sufficient to repay the unpaid principal that I am oxpected to owe at tha Change Date in full on the Maturity Date at my new interest rate in substantially equsJ payments.The result of this calculation will be the new amount of my monthly payment. (D)Limits on Interest Rate Changes The intemst rata I am required to pay at thn first Change Date will not be greater than 9. 500 96 or less than 5.500 �b.Thereufter.my intemst rate will never be increased or decreased on any singlc Change Date by morc than two percentage points(2.0%) from the rnte of inurest I have been paying for tht preceding iwelve months. My interest rate will never be greater than 12. 500 `.b. My interest rate will never be lower than 5. 500x. (E)Effective Datu of Changes - My new intercst raro will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on tho first monthly payment date aftar the Change Date until ihe amount of my monthly payment changes agnin (F�Notice af Clwng� The Note Halder will deliver or mail to me a notice of uny changes in my interest rate and the amount of my monthly payment before tho effective date of any change. The notice will include information requirod by law to = bc given me and also ttsc titic and telephone number of a person who will answer any question I may heve - rcgarding the notiu:. ,� MULTISTATE ADJU6TABLE HATE RIDER�ARM 6•2-Single Femily•Fannfs MaelFrsddN Mao Unitorm Inttrum�nt -y Form 3111 31E6 � � -8Z2A�93051 VMP MORTGAGE FORMS-IBOOIStI-7Y91 � Piinted oeHecY�bd PNK O � � � _ _. . _ _ . . _ _..