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r 7 ADJUSTABLE RATE RIDER e 10Js� (I Year Treasury In 9� ..._ let —Rata Caps) THIS ADJUSTABLE RATE RIDER is made this ..28th. day of ...... ...Staptatabar ................. 19 SQ...., and is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (the i "Security Instrument') of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable i Rate Note (the "Note ") to .......... Alatrtv�aa!~.. ks�nk ..JlRbavasAcA.r... Ni:.C.APPA ARARSIat ion ... .......................... ............................................... ............................... (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: ........1619. Gratelt titer , Axtt1D ►W1•...G1t�!►KIA...J@J.4p!4A.. Rebraeka„ 68803 ....... ............................... I Progeny AJdres. ) THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IIN 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 BOR- ROWER MUST PAY. ADOtTIONAa.COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND !MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ....S...SQ.....$.. The Note provides for changes in the interest rate and Rite monthly paymcRlts, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dues - The interest rate I will pay may change on the first day of ...Q!~44h tF .......................... 19..91.., and on that day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date." 113) The index fdcginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly i average yield on United States Treasury Securities adjusted to a constant maturity of 1 year, as made available by the ' Federal Rescrve Board. The most recent Index figure available after the date 45 days before each Change Date is called lite " Currelll " 11 the Index is no longer available. the Note lloldcr will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date. the Note Holder will calculate my new interest rate by adding ........... Twn- and -fie ........B41.E .................. percentage points (......2...x0...96) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). 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 Holder will then determurtt the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe 21 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. I D I Umils an Interest Rate Changes t The interest rate I am required to pay at the first Changc Date will not be greater than .......0...50..........% or less than ......... 7..SA......... %. Thereafter. my interest rate will never be incecuscd ur decreased on any single Change Date by rRtare tharnone percentage points (1.0)) from the rate of interest 1 have been paying for the preceding twefvt months. My i�#P =,' :. igaearat rate will never be greater than [sate (E) Effective Dale of Changes l; My new interest rate will become oTcoive on Each clunbe hate. 1 will pay the amount of my new monthly payme n.i beganning on the first monthly payment dare after the Change Date until tuc amount of my monthly pavment changct, agauao. if) Notice of Changes Th; 6,11o.; a will ntc a Isw1kc ul any sraar asr to my interest rate:rmj itic amount 0 rr.y montn, . paystterrt bePamc Vhc effective date of any change. The eat+cc wr17 -n.iudc information requirce by iaw to be given me and also •the title and telephone number of a person who will Jm mcr any question I may hone regarding .i. notice. B. TRANSFER OF THE PROPERTY OR A RENEfICIAL INTFRF-ST IN BORROWER Untlorm Covenant 17 of the Security ttmsrrument is amended to read as follows Transfer of the Property or a Beneficial Interest in Burrower. Wall or any part of the Property or any interest to it is sold or transferred (or if a beneficial interest to Burrower is sold Or IrAn- 0crrcd and Borrower is not n n :tur,l person) without Lender's prior written consent. Lender mav, at Its opttom. require n-mcdtate payment to full of ill sums wc.Ared %= = =- by this Security Instrument Ilowcr-Cr. thtsoptron shall not tic q; t,v f ender of etcrase is prohibited b. fe.tcr tl '1, . as of the date of rhos Security Instrument Lender also shall nut a '4ercrtie this ut.tn ;n •F (s) Iorrower 1.,C1 t•z submitted to Lender information required by Lender to evaluate the tntendcci transferee as ii a new loan »ere being mace to the transferee. and (b) Lender reasonably determines that Lcndcr's security will not be impaired by the loan assumption and that the risk of a breach of any covenant of agreement in this Security Instrument is acceptable to Lender. Y "The Index figure available as of the date the initial merest rate %%a% doctnumcd tut this 10.11, %%.ts 7, 7 4 r � o Borrower's initials Co- borrower's initials 111KTISTATE AD.'USTAat.E HATE FLOEFI—ARM 5 %15fL,e Farrar rprrn � OS K 188111111 41.411911"t toy