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�r �L w� i . s. r ADJUSUBLE RATE RIDER ( I Yar Trt imy inttax —Rate Cap) 89= 1 A2 3 2 e THIS ADJUSTABLE RATE RIDER is made this .5111.... day of .......... UO Y .............................. 19 .ft.... and is incorporatect into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (the "Security Instrument ") of the saute date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note) to.... N�x�t�st:..Itmk..�J�b�mak�►... art} aaL.. AsaQQl ?� ............................... •• • ••y in ••strument ••••••.....•-•••• and •••••• •• located •••.......•. at: ••• .. the Securit............ (the "Lender ") of the same date and covering the property described in 809 South Oak, Grand Island, Nebraska 68801 .......................................................:..••..................... ............................... .......... (Property Addreasl : THE Ni= CONTAINS PMVISMS 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 AND THE MAXIMUM RATE THE OCR - ROWER MIJSfPAY. Auottt". AL Ci %*%*ANrs. In adds`tAxi to the ciivenants a ^d agreements made in the Security InstrUrn=%B'Drrower arA Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an ittital interest rate of ...... 8.75 %. The Note provides for changes in the interest rate arr.1 the monthly payments. as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Champ Dates The interest rate I will pay may change on the first day of ..... June 19 , 90ry and on thst day every 12th montlh thereafter. Each date on which my interest: mate could change is caTl a "Change Date." (S) Tie iit�ex beginning with the fist Change Date. my interest rate will be based on an Index. The -index" is the weekly average yield on United Stags Treasury securities adjusted to a constant maturity of I dear. as made available: by. the Federal Reserve Board. Tf:e most recent Index figure available as of the date 45 days befrr- each Change Date is.ealled thO_ "Current Index. If the Index is no long'' available. the dote Holder will choose a new i�sdex which is based upon comparable information. The Note Hader will give me notice of this choice. (C► Cakulationof Changes Before each Change Date, the Note Holder will calculate my r1Cw interest rate by adding .......T.wq ,and „c 11 "... ......... 1ta1£ ................. percentage points (.....2.510... %) to the Current Index. The Note Holder will then ratutbA,11he resufrt of this addition to the nearest one-eighth of one percentage point (0.125+). Subject to the limits stated in Sec ^.ion 4(p tielow. this rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that wculd be suffrcienuto repLy,,-the unpaid principal that I am expected to owe at the Change Date in full on the maturity +ate at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of rty monthly payment. i DI Limits ow interest hate Changes The interest rate 1 am required to pays at the first Change Datc will not be greater than _0 5.......... n b.25...:...,a . Thereafter, my interest rate will never be i ncnra sed or decreased on any single Change Dx rby more than two percentage points 42.013.) from the rate of interest 1 :have been paying for the preceding twelve momlo. ' My inierme rate will never be greater than ...... 1 ?..Z5... °.,. (E Effective Date of Changes lily new interest rate will become efi'ectiveon each Change Date. 1 will pay the amouncof my new rnonthipp3)ment besting on the first monthly payment date after the Change Date until tite amount of my monthly payrnimichanges asain. c F) Notice of Changes The Note Fielder will deliver or mail 10 me a notice of any changes in my interest rate ;anti the amUS,nt 1>S,,,.1y monthly payment before: the effective date of any change. The notice will include information required by law to be, given me and also the title and telephone number of a person who will answer any question 1 may have regarding Out notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: Transfer of t1e Property or a Beneficial interest in Borrower. If all or any part of the Propertyor any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent. Lender may. at its option. require immediate paymenh it. full of all sums secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security instrument. Lender also shall not exercise this option & (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transfereeas if a new loan were being made to the transferee; and i b) Lender reasonably determines that Lender's secerity Will not I;:. impaired by ttit: glen assumption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to Lender. "The Index figure available as of the date the mina) interest rrtc + +.1. dctcrmined for thi% luau ti%a, taATiCTATE ADAA.Un. a eayF. onr n .nu c I r- Farrt�s V_ � ira46a Rrat tlriatr? Itt9!tumant 9.78...... °V- Form 31113 99 1 4; Cal