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c I i i 'r .y at;.p7%0., 10586'? ADJUSTABLE RATE RIDER (Fixed Rate Conversion option) a5-= 001,220 THIS ADJUSTABLE RATE RIDER is made this ..14 ;b day of .... .. 1•farch . , , 19• • PA, and is irimpot tod into and shall be deemed to amend and supplement the Mortgage. Deed of Trust. or Security Deed (the "Security Instrument ") of the same date glen H the undcui ned (the "Borrower ") to secure Borrower's Adjustable Rate Note to ....................... Su.P... r ort gager Stne....... ... . . (the "Lender ") of the some date (the "Note ") and covering the property described in the Security Instrument and located at: ...................... .......................(AS�Swan .Lane...'..�zand Island .r...N�...68801..... IProWly A0*48$) ... ............................... The Note contains provisions allowing for changes in the interest rate every year, subject to the Nmits stated In the (Vote. The Nato aim proweles fat calculations of Iwo separate monthly payment amounts. One will be the antsunt that the BO,trowsr must actually pay each month. The other will be an amount *0 the Borrower would pay each month to tally repay the loan on the maturity date. The principal amount the Borrower must repay could be larger than the original loan amount. ADDMONA4 COIRNANM In addition to the covenants and 41i;7eements made in the Security Instrument. Borrower and I.ettder further covenant and agree as follows: A. INTEREST RATE A:ND INIONTHLY PAYMENT CiiANGES The Note provides for an initial interest rate of . 10,1.....%. Sections 2 through 8 of the Note providr for changes in the Interest rate and tote monthly payments. as follows: L INTEREST' (A) latent Owed Interest will be charged on unpaid principal until the full amount of principal has been paid. 1 will owe interest at a yearly rate of ..... ,19a l....%. The interest rate 1 will pay will change in accordance with Section 2(C) below on the first day of •r r114X31 •••••••.......•....•.••. 19...$6, and on that day every 12th month thereafter. Each date on which my interest rate could change Is called an "Intense Change Date." (B) Tie Indax Beginning with the first Interest Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of I year. as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Interest Change Date is called the "Current Index." If the Index b 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. (C) Calealadoe of 1#4~ Rate Chaages Before acb Interest Change Date, the Note Holder will calculate my new interest rate by adding percentage pants (...;fie..... %) to the Current Index. The Note Holder will then round the result of this addition to the nearest one- eighth of one 119mutage point (0.125%). Subject to the limits stated in Section 2(D) below, this rounded amount will be my new interest rate until the next Interest Change Date. (D) Uniks on lotereat Rate Comes The interest rate 1 ant required to pay shall never be increased or decreased on any single Interest Change Date by more than two Peroenlage pasta (2.0%) from the interesa rate I have been paying for the preceding twelve months. My inaeresa rate aim shall never be greater than ...Jl�;i,.......'6. M Iat.r±.1 Aft. n.r...r. The interest tale required by this Section 2 is the rate 1 will owe both before and after an) default described in Section II(B) below. 3. CALCULATION OF AMOUN'T'S OWED EACH MONTH The Note Holder will calculate my Full Payment. The "Full Payment- is the amount of the monthly pa)ment that would be sufficient to repay the amount 1 originally borrowed. or the unpaid principal balance of my loan as of an Interest Change hate. in fullat the interest rate I am required to pay by Sections 2(A) or 2(C) abose in substantially equal payments on - A>?xIa+ A. ..••••••.......••••••.......... 20.15.... which is called the "maturity date" Beginning on the date of this Note, my first Full Payment will be US. _ ..... 5 9. 9a. 94 .. ............................... until the first Interest Change Date. Before each Interest Change Date. the Note Holder will calculate the new Full Payment which I will owe each month beginning on the first monthly payment date after the Interest Change Date. After the/Irst latemit Cjaegr Dart. tAe rill, payment 1 owe stay be niure Of Ins thaw the aeuOrnt I am rPgrired tv psy COCA OMA6 S MRS 4884taa rAt usonnr of sty wrosthlyPayment and how it will change. Section 6 dricrtbes how my rwpaid Mlaeile/ below 'W" eAaastr if the aaswtnr of wry monthly Payment and the full pajvnrwt are different. A4111w110bls 11016 Ride —MMA Ilan 5$5 —`• y.• i n•,• , _ s; $4 a ' - ...aa...v..�.Q.E.�or.x� �a.�. -.- - �:.._.r. - ._:_,r �T -=.._ - --•- -_ ___. -.- - __..�_ -. _ T'-T T"{'. T'. r. Ln- Ir-^ 1R .r-rr�- .?.i- SCRS^r_ "i'il:•"_r5 a 7 i 7 d h r I 4 i.