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- ...�_..r�_..._��;hr..•.._�.,_..-_. - . .'__ -... . . .. . ..... . .._... . _ ....._.__ ._ - t . . . �. 98-a�s�s2 • ADJUSTABLE RATE RIDER 20028353 p Yar Trcit�ury Index•R�te i:�p�i — . 18TH �Q �f DE�EMaER 199$HIS AD]U5'I'ABI.F RA1'E RI�ECt i5 madc thls Y ' .rnd is incorporated into ara! shol! be damed to umerxl arxi nupplen�euc ilie hiortgagc, DeeJ of TruEt ar Security Deal(thc"Sec:uiity Instrument")of the samc date given by the undersignad (�hc "�rrc�wer")to t�iure�e�or�o�vc 's Ad�j��teble Rate I�4te(tt�"Nc�te" to Eq� ta�i� � l�i�� ott A��oef� �o� o On� [�I��d, M�br��t�, A ��lu�l 1��i�i�la�l (the"Lender')of the same date arw covering the properly described in tiu Security Instrunxnt and locatal et: 2422 VP LAMAR (3[tAND ISLAND, NEBRASKA 68803 (Pmpeny Addrcss� THE NOTE CONTAINS PROVI&IONS ALLOWIIdO FOR CHANQES !N THE INTEREST RA7'E AND THE MON'fHLY PAYMENT. THE N01'E LIMITS THE AMOUNT THE BOAROWER'S INTEREST RATE CAN CHANQE AT ANY ONE TIME AND THE Il"AXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL COVFNANTS. In acidition to the covenunts and agreenxnts nuidc in ihe Steurity lnstrument, Borcower and L.ender funher covenant und agra as follows: A,INTERE,ST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial Interest �ate of 6. 3 7 S �'o.The Note provides for chanqes in the intcrest rate and the monthly payments,as follows: 4.INTERFST RATE AND MONTHLY PAYMENT CHANGES fAl c:h.nste Daces 3.r��ny ?ncs4 The inter�st ratc I will pay may change on the first day�f ^' , .a�xi u��uwi day every 12th month thereafter. Fach date an which my interest rate could change is culled a"Change D�te." (B)The Index Beginning with the first Change Date,my inttrest rate will be based on an Index. The "Index" is the wakly avet�age yield on United States Treasury securities adjusted to a constant maturity of 1 yar. as made avail�ble by the Federel Reserve Board.The most rocrnt Index Cgure available as of the date 45 days beforo esch Chxnge Dete is calltd the "Current Index." If the lndex is no longer available, the Nde Holder will choase a new index which is basod upon comparab�e information. 'I7ie Note Holder will give me notice of this choice. (C)C�Icuytiou o[Chw�qes Hefon eacn Change Date,the No1e Holder will calculate my new interest rate by adding ��o�Cunent �p percentege point(s)( 2•� Index. Thc Nae Halder will then round the result of this addition to the neerGCt one-eighth of one perantage point(0.125%). Subjoct to thc limits statai in Stxtion 4(D)betow, this eounded amount will be my new interest rate until the next Change Date. The Note Holder will then determicu the amount of the monthly paymer.t that would be sufficient to npay the unpaid grinc:ipal that I am ezpectod to owe at the Change Date in full on the Marority D�te at my new interest tate in substantially equal payments.Tha result uf this catculation will be the new amount of my monthly paymaie. (D)I.Imits on Interest Rate Changas The intertst rate I am requiral to pay ut the first Changc Date will not be greater than 8.375 `1� or less than 4.3 7 5 9b.Thcreafter,my intercst rate will never be incrosai or dacra.sed on any single Charege Date by more than two pe��centage points(2.0%)from the rate of imerest I t�wve ban paying for the prcceding twelve months. My interest rate will never be greater than 11.3 75 `�• My interest ra�te will never be lower than 4.375�G. (E) Effective D�te of Ctui�es M} new interest rate will be�:ome effective on each Change Date.I will pay the ama+.nt of my txw monthlY payment beginning on the first monthly payment clate after the Cliange Date until the amount of my monthly payment changes again. (F� Nutia oi Changes The Note Holder will deliver or mail to me a notice of any changes in my interest r�te and the a�iwunt of my ��.. �_ monthly payment before the effective date af:uiy change. The not►ce wiii inciude in;om��io��y��..�� ,o�:� -- be given me and also the tide and telephone number of a person whu will answer any question ( may have ;. regarding the notice. � _;, ,_� MULTISTATE aDJUSTABLE RATE RIDER -ARM 6-2•Single Farnily- iMx�Ma�IFr�ddie Mac Udtwm M►ttrun+�+t _ iForm 3711 31f6 'f 97 ��._�� -82��4JU�1 VMP MOHTGAGE FORMS�IBC01521�7191 � P�MtM m McrclW�p�r �