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ADJUSTABLE RATE RIDER
<br />(1 Yar Tresswy Uiiet —Rate cw,)
<br />THIS ;ADJUSTAB26th October
<br />_LF RATE RIDER is made this............. day of ............. .......... : :.......... <,,..,... , 19 is
<br />ineorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (the
<br />ri security•instrument") orOt same date given by the undcrsipned (the `Borrower") to secure Borrawcf's Adjustable
<br />Rate Note'(the " Note") ro...... N�atcl�reag. Jltltottc.. Jebssekte.-. N+ ttictt>..l tssa�cfatton.: .. ...............................
<br />......,.,,,
<br />(the "Lcndct -) of the sarnt"du : andeoverifi =thepropettydescribed in
<br />the Security Instrument and located at:
<br />3029 South Blainer Grand ' Island;e,_ Nebraska 68803,,, „,,,,,
<br />.................... ........................ .......................Ptopesty Ad...... ....� . .................. » »...........
<br />THE NOTE CONTAINS PROYISKM ALLOWING FOR CHANGES IN THE INTEREST RATE
<br />AND THE MONTHLY F AYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S ”
<br />INTEREST RATE CAN CHANGE AT ANYONE TIME AND THE MAXIMUM RATE THE BOR-
<br />ROWER MUST PAY.
<br />A0M0Nal.00v>FNAP0'S. Idsdditiont othecorenutuandagreeritenjsmadeintheSecurity lnstrutitene.6orrower `
<br />nd Lender further cave*t and agree as follawsr
<br />IINTERWr INTER ., RA'C'E AND MONTHLY PAYMENT CHANGES
<br />Note pretvidei for in initial interest rate of ... $. - %' The Note provides for changes in the interest raze gist# the
<br />tttonthiY payments. as follows: ;
<br />iNTBRE +t'T, .' RAMS AND MONTHLY 1PAYIN>vN170"11M,
<br />t4t at :t f may change on -first day of .....NQ.Y.tti0.�?glt:. .........
<br />The' Pay Y t tf »............ 19 9.1., ». and on that day
<br />every 12tliricecr�iiirq�ifter. Each date on which my intrtae�t rate could change is alkd a "Change Date."
<br />&ginning wish.i3�j`It Chsngtr Date: ri,.iR( rest rate will be based on an Index. Tlie "lai3ex" is the weekly
<br />tttrersge yield on Unii 'Sisites Treasury aeeur'A" .,iusted to a constant maturity of 1 year, as tt40,1vailable by the i
<br />Federal Rest:ry; Board.',, The most recent Index N avaita'ste as of the date 45 days before each at a Datp is eallod
<br />the saCurr •Ivft[1Cx.��„ . .. ;
<br /># If the It is na lgriger available. the Notc Holder +'ii'i' choose a •.h" index which is based
<br />mblo e
<br />information. The Nottn'14ttlder will give me notit ".of this choice.
<br />(C) Calculation of Changes
<br />."A
<br />;:....
<br /># Before each Change Due. the Note Holder will calculate my new interest rate by adding ......1Wtro..aad..Otat.» • �, : :;• :., ,.. '
<br />.... »............NA f ....... percentage points (.........,2...5%) to the Current Index. The Note Holder will then round the
<br />. ,.result of this addition to the nearest one-eighth ol: tine percentage point (0.125 %). Subject to the i`,it hkl f stated in Section '
<br />is +1.(D) below. this rounded amount will be my alit interest rate until the next Change Dace:
<br />• , . The; Note Holder will then determine the ,uiri irnt of the monthly payment that would be s4ps -m to tepay the
<br />ynpaid �, eipst that t am cxtxetcd to owe at thg Ckw; ;�c -Dire., in full on the maturity due -at nty. tt�(e�rttt�s ae in
<br />.substantiril� t4ual payments. The result 0f thiv -A* rr�i.� l►Yil be the new amount of my' man[Otl
<br />„
<br />r,�ft5' •! {D1 latttlb oa laiilxattt Rate Changes
<br />�` /'�, •iS[:' f f �i� 'SIASr `.
<br />The int rest rate I am required to a at he Sni Chan a Date will not be greater than .......9� �r,. ,; i.. :... :'.i or less than
<br />tt ?. •.Z,. .........%. Thereafter. mytYiitcrest rate will never be increased or decreased on any sin c; G.tiinge Date by more
<br />thanone reenta e' ints 1.O �4.jo ii. !he.rate of interest I have been paying for the rtaedin •s�� Clve mattths. 1!
<br />Pe g Po ( zi P Y g t1 Y
<br />. ;;,tnteresl rate will never be greater tlsan
<br />(E) Effective Date of Changes
<br />My new interest raft will beeomc;�!(ectivc on each Ch•.a� :gc Datc. I will pay the;sent at my new monihlx.pytnenl
<br />beginning tin' the lust monthly paxt date after the Ch:tngt: flatc until . iite;artailit{ my monthly PpY
<br />i (F) Notice of Changes r :J
<br />f F1 A�,,.• •. ,
<br />The Note Holder will defiver,6,44n110 lixatpta"Votice of any changes in my in1ervS14 f it and the amount of my ttaomfttlr t',"
<br />payment before the effective date' o %on�l;c�iat� ez . :The notice will include informa tiori-4�4 iced by law to be gives the and
<br />also the title and telephone numWi 'bS a
<br />p prrsoYc:a:ha will answer any question 1 Anay have regarding the notice.
<br />B. TRANSFER Of THE PROPERTY OR &'BENEFICIAL INTEREST IN BORROWER
<br />Uniform Covenant 17 of the Security Instrument is amended to read as follows-
<br />Transfer *fit* Pcbrerty rig a Br.Reneial interest in Borrower. If all or any part of the property or any interest in it i>
<br />sotd`or transferred (or if a beneficial interest in 86ttowcr is sold or transferred and Borrower is trot a nstural person)
<br />without Lender's prior written consent. Lender may, at its option. require immediate payment in full of all sums secured
<br />by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law
<br />as of the date of this Security Instrument. Lender also shall not exercise this option if. (a) Borrower causes to be
<br />submitted to tender information required by Lender to evaluate the intended transferee as if a new loan were being made
<br />to the transferee. and (b) Lender teasonably determines that Lender's security will no be impaired bg dbe lug__
<br />- assumption glad (1111 the risk or a bteiclb of any covenant or agreement in iAis Security instrument is acceptable to
<br />Lender..
<br />'The index figure available as of the date the iivti-ac inwrew ra:c waj d tCitrClined for this loin + am, .....7�,$,�,; Opp,
<br />Hortower•s initials A/ . Co- bortrowetr`s iftitirsls
<br />1tlA.T:STATS All USTARE RAZE WDER-- aW• St 121�,;e ;,u-:,, ,
<br />fie J.UdgLU*1" -44w
<br />001-1 3 8i
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