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1 . � � � ._'_ _ .r---aYOa�.�rri�.- . _-—_.�...�......r, - _._r._.�s • ' . . . " .a$�.�s��u..__. __ .�,�•;w�L.:Li.-..__ _'__. -.._._ -. ___...,y..=_�_.a�� ._..__..__..___,__�� ' ' � 9$—� �t11305i � - , �1DJUSTABLE RATE R.II)ER 2�o2s3so _ � (1 Yesir Tres�cury �ndcx- R�tr CWpti) � 31ST �,y Uf DECEM�ER , 199 THIS ADJUS"CABLL• RATG RIDER is n�adc this - --. 8 ,atxi is incorporated into a►xf shall be dame�l toanx�xl u�xl+upplen�nt ihe Mortgage.Uad of Trust or Security Dend(the"Securiry Instrument")of the sanx daie givai t+y thc undersignecl(ihe "Barn�wer")to aecure)he�itrow �'s Ad'us�ablc Ratc Note(the "Note")to T�e E��t�11e {�il�t�< <�� Lo�r A��oci�tio� ot On�d I�I��d, Meln�t�, A F�leral�ari�6� 6ut (the"Letxler")of the sanx date and covering the pmpcny described in the Security lnstrument and located at: 432 E HALL GRAND I SLAND, NEBRP��„AAdJ6S8OI-8044 T�IE NOTE CONTAINS PROVISIONS ALLOWING 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 ANp THE MAXIMUM RATE TH[ BORROWER MUST PAY. ADDITIONAL COVENANTS.In addition to the covenants end agreen�ents macle in ttie Security Instrurt�ent, go��,r�r atxll.cnder further covenant and agrce as follows: A.INTERESf RATE AND MONTHI.Y PAYMENf CNANGES 'fhe Note provides for an initial interest rate of 6.000 %.The Note provides for clt�nges in the interest rate atxi the monthly payments,as follows: 4.INTERFST RATE AND MONTHLY PAYMENTCHANCFS (A)Cla�n�e Dates J�INUARY , 2004 ,ud on ti�at The interest race 1 will pay may change on the fir�t day of day every 12th month the�eaftcr.Fach date on which my interest rate couid change is caliod a'ChanB�Da�." (B)Tl�e Index geginning with the first Change Date, my interest rate witl be b�i on:ui lndex•The"Index" is tt�woekly average yield on United States Treasury securities adjusted ta aconstant maturiry of i yar,as n�ic aYailabk by the Federal Resecve Board.The most recent index figure a��ilable as of thedate45 days befare each Chanee Da1e is callod the"Current Index." If the lndex is no longer available,the Note Holder will ct�oose a new index which is b�setl upon comp�t�bk infom�ation.The Note Hoider will give me notice of►his choice. (c)Cakulatioo or rbangrs Btfore each Change Date,the Note Holder will calculate my new interest rate by adciin8 �)to�� .� percen�agepoinUs) ( 2.000 Indcx. 'The Pioce Holdcr will then rouncl the n;sult oF this add�tion to the aeuest onetighth of one percen�8� point(0.I25`!). Subject to the limits statecl iR Section 4(U) below,this roundod amo��nt wi11 be my aew nntecest rate uatii the next Change Date. 'i'he Note Holder will then determine the amount of the niaithlY paYment that woutd be sufficieat ta repoy t1� unpaid principal that i ari expected to owe at the Change Date in full on the 11�faturity Date at my new interest r�te in substantially equal payments.The result of this calcutation will tx the new amount of my monthly paY►nent• (D)Limits on Inter.est Rate Ctuinges �, � The interest rate 1;►m requireci ta paY at the first Change D�e wilt not be grcater than g�000 or less th:ui 4.OOQ no.ThereaRer,my interest rate will never be increasxd or decr�ued on any single Change Date by more than twa percentage points (2.D 9�)from the rate of interest I have been�ying _ for the preccding twelve months. My interest rate will never begreater than 11 .000 INy interest rate r+ri 11 never be lower t hnn 4 _OOQX. (E)ERectivr Date of Changes My new interest rate will become effective on ex►- Ciuinge Date. I uilt p�y the:imount of my new'nwnth[y payment beginning on the first munehly payment d�te atier. ihe Change Dare until the amount of my monthly � payment cf�angcs again. '� (E?Notice uf Ctwnges , __:� ... .,.��.•�„t' _.�,��chznszes iu QiY interest c►�e:uxi the:unount of my �- TTie Note Noider wiii�ici;YC� ��•• .�.�'� .--•---- - ,:r; nwnthly payment Ixfurc the cff�titive date uf;ury chan�e.The ne�tice will inclade information requEreci by taw to :� be givcix nu and :�su the titic :uid tclePhone number uf u�rsun who will :uuwer any question I nuy twve r�g:►rd�nB thc nuticc. �:� ..k + MS1tTISTA7E ADJUSTABIE RATE RIDER-ARM 5•2• S�npla Family Fannl�MH1h'rMdi�Mac Unifa�m Instru�m 3t 17 3/86 � Pr�nted or R�tyclnd P�1ri' .. �•82Z{��3305� vMPRiOfiTGAGI FUM15 �ECO)S3� ]29� ,,,,r � _. . . ._. _. _ .___'.. ..._ "......... . . . ..........