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� , . `,� '' . � .. , � , � ��— �ri�J�B : AD3USTABLE RATE RIDE� � _ (1 Year Treasury Index-Rate Cap�) 2 0 0 2 8 3 6 9 _ THIS ADJUSTABLE RATE RIDER is made this I 1 TH �y�f JANUARY � 1 999 , � �s incorporated into and shall be deemed to amend and supplemnt the Mortgage,Dced of Trust or Security Beed(the "Security Instrumertt")of the same date given.by the undersigned('.he'Borrower")to seci:re the Borrower's AdjusiabJe Rate Note(the"Note")to t�e £yait�bie B�ilditg aid Loii Aaaoci�tiot oi Gr�id I�li�d, Aebraata,•A'Pedetil Siri�s� Hiat (the"Lender"}of the same date and covering the property described in the Security Instrument and located aL• ' 403 SHERIDAPI AVE GRAND ISLAND, NEBRASKA 688Q3 �P��Y Addrcss) ' THE NOTE CONTAINS PROVIStONS ALLOWING FOR CHANGE� IN THE INTEREST ' � RATE AND TiiE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT T.�E ' BORROWER'S INTEREST RATE CAN CHANGE AT ANY aNE TIME AND THE MAXIMUM RATE TME BORROWER MUST PAY. ADDI1'IONAL COVENAN i�. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTERFST RATE AND MONTHLY PAYMENT CHAh'GES The Note provides for an inisal interest rate of 6.3 7 S 96.The Note provides for changes in che interest rate and tne monthly payments,as follows: 4. IN'�EREST R4TE AND?vSONTHLY PAYMENT CHANGES I � (A) Change Dates : � The inteeest rate I will pay may change on the first day of FEBRUARY , 2004 ,and on that � day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date." , {B)Tfie Index Beginning with the first Change Date, my interest rate will be based on an Indez. The "Index" is the weekly : a��erage yield on United States Treasury securities adjusted to a constant matunty of I year, as made available by : the F�eral Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date : ' is calfed the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon com�arable : information.The Note Holder will give me notice of this choice. (C)Calculation of�hanges � ' __ Before each Change Date, the Note Holder will calc��late my new interest rate by adding `� T�+n percentage point(s)( 2.000 %)to the Current Indez. T'he Note Holder will then round the result of this a�dition to the nearest one-eighth of one percentage point (0.1259). Subject to the limits stat�ed in Section 4(D) below, this rounded amount will be my new �nterest rate until the next Change Date. The Note Holder wiil then determine the amount of the monthly payment that would be sufficient to repay the : unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate in suostantially equal payments.The result of this calculation will be the new.amount of my monthly paytt�,nt. (D) Limiu on Interest Rate Changes � The interest rate I am required to pay at the first Change Date will no[be greater than 8�3�5 . % or less than 4. 3 7 5 `ro. Thereafter, my interest rate will ntver be increased or decreased on any single Change Date by more than two percentage points (2.0�) from the rate of interest I have bcen paying for the preceding twelve months. My interest rate will never be greater than 1 S .3 7 5 `�'• My interest rat� wi � l never be lower th�►n 4 .375%. (E) Et'feciive Date of Changes : My ne» i;�terest rate will become effective an each Change Date. 1 will pay the amount of my new monthly ` payment beginning on the first monthly paymcnt date after the Change Date undi ihe amount of my monthly �, payment changes again. (�Notice of ChangQs The Note Halder will deliver or mail to me a notice of any changcs in my interest rate and thc amount of my : monthly payment bcfore�hr effective date of any change. The nodce wil( include information required by law to be given rne and also the title and telephone number of a person who will answer ;.ny qutstion I may have regarding the notice. _ .� i MULTISTATE ADJUSTABLE RATE RIDER-ARM 6•2-Single Fam11y-Fsnnis Mae/Frsddk Mec Unifam instrumsnt ' Form 3171 3l86 " � � •822A 193061 VMP MORi0A6E FtlRMS•18tl01529•7791 � p�b�R�,�P� i. � � e I . S '•r �',, I