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<br /> � ' � ' : `. ,� ° ADJUSTABL� RATE RYDER � � �d�.�.�,0345� � _
<br /> � . � (i Y�Tceas�jr 6i�ex—Ratc G�s� • .
<br /> . . � � . , , .
<br /> � _ , . . , .
<br /> � THiS�ADlUSTABLE�tATE RIDER is madethi�...�:��?�day of.........J�
<br /> � ...e........................... 14��a. ' � .
<br /> - ..andu -
<br /> . . intoiporated into and�6sli 6e�etmed ia amend and�uppkment the Mort�ae.Deed QE Tttist or Security Oeed(the �
<br /> � _ . ` 'Sauritp lnsirument') of the same date�iren b�r thc undeaisned (the"Borrower"�to segute Bottower s Adjtutabte � �
<br /> � . . Race Nae,��he"Nao"�_eoMNorv�x..�a�..l�gbrsaka..:kiaz�ar�:.�r.�c.�,�k�Q,a.......:.........»....�.................. ;
<br /> .-. � ' � � • � , . ...»...»...(tLe•Lender"�o(ihe same date and carer�the p�ope�tydesc�f6ed in , ,
<br /> , . � tl�e Se�ui�cy Thst�ument aad loca[ed aC: `� � -. . �
<br /> ' � � ' , . . � _ ' � , �- , .
<br /> : .........:..............»»..,.........����.T�Tg��:.�gs..�lF$�d..���:�lAaa.:Nebras,k„a„6880�..�..... � ' .' �
<br /> .. ......................................... . �
<br /> - ' ; , ' {Propetty'Addtess� _ .
<br /> � f . � . . , � . �
<br /> . ; . THE NO7'E C�OMTAINS PROYISIONS ALtOWiNf3 FpR CHANGES Mt.THE{I�ITEREST pI�TE � .
<br /> � ANp THE MON'�l�L.Y�11XMEMT. THE NOTE UMITS THE AMOUNT 7HE 80RROWER'S �
<br /> , -INTEREST faATE CAN CHANGE AT ANY ONE TIME AND THE MAXtMUM RATE THE 90R- �
<br /> . . Ror�R.MUS�r�r. � � - . �
<br /> , � ' Anairto���Co�•Fti�ti°rs. In addition to the covenants and agreemenu made in titr.Secur�ty tnstrument;Sorcower .
<br /> ` • .aa+d �.ender funher cavenan�and�aEree as follows: � ` � �
<br /> � A. INTEREST RATE AND NOMNLY PAYMEN'�CHANGFS� - .
<br /> � • Tlir Nflce providcs for an ir�rtiat interesrtat¢of......,�.5.....%. The Nnte provides for changes ia the intesest rate and the .
<br /> . �__n+ontAly payments,as faltows: . , �
<br /> .; � �. INTEREST RATE AND MONTNLY PAYINENT CNANG�,S �
<br /> �, • �A 1 C7an�e Dates � .
<br /> � ,
<br /> - } The interest cate 1 will pay may change on the first day of....��.l.K.....................
<br /> ............. 1991.....and on that day
<br /> . every 12th month therqfter. Each date on which my interest rate coutd chaoge'is called a"Change Date." '
<br /> � t B!'!Ut index � � . . . ; ;`
<br /> . . ;
<br /> 8eginning with the fi�st Changc Dace. my interest ratc wi11 be based on an Index. The"Index" is the weekly . ' "
<br /> �� ayerage yield on United States Treacury securities adjusted to a ccznstant maturity of 1 year.as made availabte by the ' '�t
<br /> ' ' Federal Reserve Hoard. Thc most recent Indca figure available as of the date 15 days before each Change Date is called I �'--
<br /> �, . the"Currcnt Indcr."•• � • ��:=
<br /> ' li the Index is no longer available. the Note Holder will choose a new indcx which ii based upon comparable ,`I`�
<br /> infarmatian. i'he Note Holder wifl give me notice of this choicc. „�= a
<br /> 1 C) Gkulation ot Chse=es
<br /> � � Before eacb Change Date, the Note Hofder wilf calculatc my aew interest rate by adding.:.....�"'o and one �
<br />� � � - •••.•...•��Z�................ percentage points�(....:...�..�4%) to the Currcnt indez. 1'he Note Holder wiil then�round the '
<br /> ` result of this addition to the nearest one-s���th oPone percentage paint(0.12570). Subject to the limits stated in Sectioti;
<br /> � a�Dy below, this rounded amount wilt Gx my new interest rate untii the next Change Date. �
<br /> ' The Note Holder will chen determine the amount oi'the mnnthly payrrter�t that would be suffic�cm to,repay �ht, �
<br /> , unpaid principal that I am ex;+ected ta owe at the Change Date in full on the enawrity date at my rte��ieterest rate i�i � �
<br /> '' substantially equal payments. Tfie res�eit of this calculation wiN bc the new amount ot my monthly payment. ;, � ,
<br /> ' �D 1 Umits o� I�terest Rate Ch�nXes •- �
<br /> � '�he interest rate 1 am rc¢�uirsd to pay at the first Change D�tc will rtot be greater than.....�.0...5�0.,,........�or less than � .
<br /> � j •••••.••.-b.SII•......!�r. Therca�¢:r,my interest rate will nevcr be incrcassd or decrcascd on�ny s;ngle Change Date by more i�
<br /> � than two percentage points (Z.O�Tc) from the rate of interest 1 have been payirtg for the preceding twefve month�. �ty �; ���
<br /> � interest tate will nevet be greater lhan .....1.�,.�Q.,..�90. �
<br /> � !E) ERectire D�te oi Ch:nges
<br /> � f !•�y new interest rate we?G Esccome eRective on each Change pate. i wili Pay thc amount of my aevr asonthly paymer�� �
<br /> . ; beEinrrrng on the firsl monthty payment date aftcr the Changc bate until ti�e amount of my monthly payment changes �� - -
<br /> again. •
<br /> 1 F/ Notice oi Changts
<br />; . The Note Hulder will de�iver or maii to me a notice of any changes in my interest rate and the amoune of my momhly,
<br /> , : pa}ment before the ctfective dasa of any change. The notice will incinde infarr.��tion required by l�w to tx given me and
<br /> : , also the title and.telep}ionc number of a person who will answcr an}�question 1 may ha�e regarding the noti�e. '
<br /> . . ' 8. TRANS�ER pF THE PItOPERTY OR A BENEFICIAL t�T£RFST 1N gbRRO��c'�
<br /> � ' Uniform Covenant 17�f ths Security instrument is amendcd to read as fol;a�s: � �
<br /> . i'r�roft�ot the Propenr or s 8ene8cisl interest in Borrower. lf a!J or any part of the Praperty or any interest in it is
<br /> ' ' • sol��r transferred (or if a bencfi�:ial interest in 8orrnwet is sotd or transfcrrcd and �orrawer is not a natural puson) f---
<br /> • � v►�thout l.ertder c prior wriuen conscn�, Lender mav.at its o�ticr,re�uire immediate payment in iull of all sums secured � ; � .
<br /> � �" by this Securit Instrument. Nowever,this o tion shall not be eicrcised b Lendtr if ezercise is �ohibited b Eedeta!law j _
<br /> Y P Y
<br /> - ' �f �T i$c date o�fhis Seciiriiy Tnstrumcnt. Ltnder also shaU not exercise ot�is oplian if: (�j Borro�er causa to 6e !
<br /> � �, submitted to Ltndet infarctta�ion required by Lender to evaluatc tht inttndcd tra,nsferee as iPa new toan were being made
<br /> � . to the transferee:�-and Iby �.ender rcasonabiy determines that Lender's security wil) not be impaired by the loan
<br /> assumptivn and that �he pEs�C of a breach of any covenant or agreement in ihis 5ecurity Instrument is acceptable to
<br /> � Lender. . . � •
<br /> , ` . i,,
<br /> " '•76c inJcx figurc a�•uitabtc:ts af ttic dutc thc initiat intcrrsl rate��•as drtcr�ninrd f��r tbis loan��:�s .......$,•.7.$...., do. � �
<br />.. � . � . , . - . � V�
<br /> ; MULTtSTATE A��U5tA81��HATE R1DER-4pAt 5•2—S��rie�an.��y—Pannie Mas�FroQdle Mac Undattn Mattur�anf �ane 311t 3 85 -� �-"
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