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0517A ADJUSTABLE RATE RIDER i (1 Year Trtasttry latex -Rate Caps) ` THIS ADJUSTABLE RATE RIDER is made this J.Q;1. day of ... Marsh.,„ »,,.... 90 .......... 19 ......... and fit ` incorpo►ated-irtto and shall bi deemed to amend and supplement the Mortgage. Deed of must, or Security Deed (the "Security Instrument') of the same date .given ([1� e and farted r e gg��rr w r to ure Borrower's Adjustable Rate Note, (ahe "Note') to...... Norwest Ban - toebras{sca, 4AMtial �slio1iatsfon ................ ........:.... .............. »................ »..... ....................»........................ ............................... ....... ......... ........ ( the "Lender) of the same date and covering the property described in the Security instrument and located at: 3004 Brentwood Way, Grand_Isiand Nebraska 68801 ... ....» ..................... (P pally Address) _ -- . - THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE 19ORROWER'S iiNTEREST-RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATIE THE BOR- i - RdWffl MUST PAY. At1lttTIONAt. COVIR%A- TS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender farthcr'covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CIIANGES , The Note provides for art initial interest rate of ...#x..54.....W The Note provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A I Champ Dates The interest rate 1 will pay may change.on the first day of .. Aull ............................... gl. . 19.......... and on that. day i every I2ib month thereafter. Each date on which my interest rate could change is called a "Change Date." 18) The Index Beginning with the first Change Date. my interest rate will be based an an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year. as made available by the Federal Reserve Board The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index...** If the Index is no longer available. the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. 1 C) Calculation of Changes Before each Change Date. the Note Holder will calculate m new interest rate by adding half g .......... 2.50 y Two and one •- .•.••........... percentage points (.11- -..........90) to the Current Index. The Note Holder will then round the result of this addition to the nearest one - eighth of one percentage point, (0,12s%). Subject to the limits stated in Section - 4(D) below. this rounded amount will be my new interest rate until the next Change Date. The Note Floldcr will then determine the amount of the month) a y payment that would be -sufficient to repay the unpaid principal that 1 am ,expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. -The result of this calculation will be the new amount of my monthly payment. 1 DI Limits on Interest Rate Changes j The interest rate 1 am required to pay at the first Change Date will not be greater than ....10••50..• ; or less than .....b..:5Q...........,; g f? Thereafter. my interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.07.:) from the rate of interest I have been paying for the preceding twelve months. My .interest rate will never be greater than .....).�.,SQ.-- •,?+�. 2 1 E) Effective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until Cite amount of my monthly payment changes again. i F I Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly pa.mcnt 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 tttay have regarding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17'nf the Security Instrument is amended to read as follows: Transfer of the Property urn Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is cold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) °_ - without I.cn(ler's prior ariuen consent. Lender may. at its option, require immediate payment in full of all sums secured i by this Security Instrument. However, this option shall not be exercised by Fender if exercise is prohibited by federal law as of the daze of this Security' Iristrumcnt. Lender also shell not ete -cisc this option if: lu) Burrower causes to be t subinuted to Lender information required by Lender to evaluate the intended transferee as if a new loan were being made to the transferee: and (b) Lender reasonably determines that Lender's security will not be. impaired by the loan assumption. and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to ' LLender. _ **Tile Index figure available as of the date 111e Initi.11 inlcrc.I ritfe was detcnninect for thISban was ,. 9.28,- - tfi MUtT{STATfc ADJUSTABLE RATE BIDER —AFliA S- t- -sngle L,m;dv— '••Fannie Mae Freddie Mac Undo' m Instrument Form 31113 85 �- • r,•cr;;mrgpUR�s :rYi