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� _ � 9�- �o0s4� AD�US�i�ArsL� RATE i�IDER _ (1 Yeur Treasury Yndex-Rate Caps) :�;'`J 2 8 3 7 7 _ . 1 q�giti ALJUSTABLE RATE RIDER is made this 12TH day of JhWUARY , , and is ircorporated into and shall b�deemed to amend and supplemenc the MortRage, Deed of Trust or Security Deed(the "Security]nstrument")of tha same date givtn by[he undersigned(the "Borrower")to ure the Borrower's Adjustable ltate Note(the"lYotz"):4 � � �The Eqaitibfe �aildiea and Lote Assaciition aF Crtad 13it�td, 5t:tasta, A Federtf Sirie6s Baat (the"Lender")of the same date and covering the property descr.'bed i��tt�e S�curity Instrumeni and located at: .. #15 SUNSET ARIVE DOWIPHAN, NEBRASKA 6g832 �Pro�xrty Addrcss� THE (dOTE GONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE iNTEREST RATE AND THE MONTHLY PAYMENT. THE NQTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHz1NGE AT ANY ONE TIME AND THE MAXINlIlM RATE THE BORROWER MUS3 pAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security ]nstrument, Borrower and Lender b�rther mvenant and agree aa follows: A. IN1'ER�ST RATE ANll 1110iVTHLY PAYMENT CHANGES The Note provides for an initial interest rate of S•8�5 x�.The Note provide:�for changes in thc interest rate and the monthly payments,as follows: 4. INTEREST RATE AND biONTHI,Y PAYhiENT CHANGFS • (A)Change Uatrs The interest rate I will pay may change on the firsi day of FEBRUARY , 2004 ,and on that day every 12th month thereafter. Each date on which my irtercst rate ec>u!d change is calted.: "Change Date." (B)The Index �eginning with the first Change Date, my intere.et rate wilf be based on an Index. Th� "(ndex" is the weekly average yieid en United States Treasury securities adjusted to a rnnstant maturity of I year. as made available by the Federal Reserve Board.The most recent index fieure availablz as of the date 45 days before each Change Date is cailetl the"Current Indez." If the Index is no longer available, ihe Note Holder will choose a new index which is ba.ced upon �romparable information.Th�Note Holder will give me notice of this choice. !C)Calculation of Chang� Before each Change Date, the Note Holder will calculate my new interest rate by addirg T� percentage pr�int(s)( 2,Qpp °�o)to the Current Index. The Nete Holder will then round the result of this additinn to the nearest one-eighth of one percentage �int fU.125`�). Subject to the timits statai in Scction 4(D) below, this roundui amount will b;my new interest rste unti! the next Chang�Date. The Note 3iolder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am ezoected to owe at the Change Date in fail 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 monchly payment. (D)LimiYs on Interest Rafe Changes 'i"I�e interest rate I am required to pay at the first Change Date wili not be greater thar. � �.,5 % or!ess than 3,g'7$ �c. Thereafter,my interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.0.`,�6) from the rate of interest T have been paying far the preaVciino twelve months. My Interest rate wiil never t�e greate.r than 10.875 �' My iriterest rate wi 1 1 never be lower than 3.875�6. (E)EfCective Date of Changes My new interest rate will become�ifective�n each Change Date. I will pay the amount of n�y new monthly payment beeinning on the first monthly payment date after the Change Date unt;l the amount of my monthty payment chang�again. k (F)Notice of Changes The No:e Holder will detiver or mail to me a notice of any chan��s in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include infortnation required by law to be given rne and also the title 2nc1 telephone number of a person who wil! answe! ar;y question I may have regarding the notice. MULTISTATE AOJUSTABLE RATE RIDER-ARM 5-2-Single Family•F&nnie Mae/Fredc+ie Msc Uniform Irotrument Fam:3111 3/B6 � ��-822A I93051 VMV MORTGAGE FORMS•18001521-7291 � pr��b p�pKYpy P�pw y . � ' . c .