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F 8�' 103358 ADJUSTABLE RATE RIDER (I Year Treasury lodex —Race Caps —Fixed Rate ConverSION Optlott) THIS ADJUSTABLE RATE RIDER is made this 29TH day of JUNE 19 89 . and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the 115maris f tu9pument ") of the same date given by the unders #geed (the "Borrower ") to ascum Borrower's Adjustable Rate Not¢ (the "Note ") to COLUMBUS FEDERAL SAVINGS BARK (the "Leader ") of the same date and covering the property described in the Security Instrument and located at: 4028 ZOLA LANE, GRAND ISLAND NE 68803 IPr4,fwttr Addreu) THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGER IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE SORROWER'S AOJUSTADLE W TEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE DOWON MIEIR MUST PAY. THE NOTE ALSO CONTAINS THE OPTION TO CONVERT THE AOJUSTAlLE RATE TO A FIXED RATE. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: i A. ADJUSTABLE RA'Z'E AND MONTHLY PAYMENT CHANGES i The Note provides for an initial interest rate of 8.625 rRr. The Note provides for changes in the adjm#Abk interest rate and the monthly payments. as follows: 4. ADJUSTAIRLE INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) tJeW Dttl W The adjutstabk iriter+est rate 1 will pay may change on tike first day of OCTOBER , ' 19 90 , and on that day every l2th month thereafter. Each date on, Mwbkh my adjustable interest rate could change is called a "Chaw Dice." - - -.Beii --aS- ibt c.fi_st ttui ta�itin thtc.frst Change Date. my adjustable Interest rate wtll be based on in Inderi: The It><kx is ttte - weekly average *W tm United States Treasury somritles adjusted to a can-slant maturity of 1 yeas, as made available . eserve Board. The most recent Index figure available as of the date 45 days before each Change Date .. .. by the Federal Reserve is sailed dw. "Current index." If thlt.lrttitetr- ie,ttlo longer available. the Note Holder 11x#33 choose a new index which is based upon comparable information, 'lNe-N on Holler will give me notice of this choice. (C) Cakttii liijfr fK amen Before a 6 Change Date, the Note Holder will cakuUte my new interest rate by- adding TWO AND SEVENTY -FIVE Ai!lMOTHS percentage Oats ( 2.75 %) to the Current laden. The Note Holder swift:1hen round the result of this addition: to the nearest one- eighth of one percentage point (0.12 %).. Subject to The B*a- sated in Section 4(D) below. this rounded ammint will be my new inters xr rate until the nen. The Note H will then determine the amount 0f ft: monthly payment that would be sufficient to, repay tho .' unpaid prime lilac I am expected to owe at the Changg. Date in (WJ on the maturity date at my new ln�r mt rate; in substantialtyr' "j4.payments. The result of this catculition will b.e the new amount of my monthly pz ment. (D) t10 tti'e~ hrieral Ratte CM■gea Thi rirnfnw rate 1 am required to pay at the first Change Date will not be greater than 10.625 % or less than 6.625 tro. Thereafter, my adjustable interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.0+16) from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 14.625 lfi. which is called the "Maximum Rate". (E) Effeetitie Date of Changes My new interest rate will become effective on each Change Date. l will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes agatin. to NoBee of Cheat" The Note Holder will deli%er or mail to me a notice of any changes in my adjustable interest rate and the amount of my mombly 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 hale regarding T= the notice. R. FIXED INTEREST RATE OPTION t The Note provides for the Borrower's option to convert from an adjustable interest rate with interest rate limits to a fired interest rate, as follows: 5. FIXED INTER M_ RNFE CONVERSION OPTION (A) Opilea N Carved to FIW Rate Katie a Con%ctslon Option that I can exercise unless 1 am in default of thk Scoi4111 4(A) mill not permq me M (hi u►. 'f he " Comcrsion Option" i% my Option th cOn.crt the twerest rate I am required to vati h> IN, Note iron) Q . �,+SI�Ae.ht� rdt° !!.!t! !n!t•r. ,t rate+ 111ttlt} to ttlr fltnl gate A :A lhtr.l 1117(fC`f SF,6111 Qttir) heltwk I t:C cower %llvll .all truly iijkc hl.st:c I/lt a Ct.xtcf,.) %pcoficd by 01t: Noic iltllacr d"Iftip Ihv 1wilod hCV111111n4 ,till Itic I1I%f (?:an.;, Date afid C10111 tin ifl:• tlfth ('11anyc 11,4tt:. Ujdf daw tilt %ti h1.11 IIu q%I11141,1hIr 111t�T %."t rat: �Jll krrn1.�_II t" 1t:C ftt'r4 f lb :J rule 1'. LAICd 111e —I vlitici411111 11,41c ", VVJT111rATN ADJUSTAW PAU }M MW AMA ISLAM 61 Mao U11001m 11,strulf)W11 farm ,t11H t p tt 1