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----�°r�'r .a� . . _ = . .�r.i...1 . ;iy7ka,�,P� ��g,,,,,,.. . -�?�'' .- - .-_.�...� f �.n�-w..� - .:�;� , � g4_ i4�15�5 � J ADJUSTABLE RATE RIDER � (1 Yeu Treawry Iadex--Wtte Caps) 0020028942 .�`►f.°, . . -•°� :•��"� THIS ADJUSTABLE RATE RIDER is made this 24TH day of FEBRUARY •19 94 �Md�+ ,t . ..:.. " . .. -�"°``"�''`�'l incorporated lnto And shall be deemed to amend and supplement thc Mort�a�e.Deed of Trust or SecurIty Deed(the -- ,;.�.�{..,�Y c��..:4 �.�..�.��.�..,.�..,: "S e c u r i t y I n s t r u m e n t")of the same date�iven b y the undersi g ned(the"Bottower")to secure Borrower'�Adjuitable � � -'- `��`''� � �; RateNote(the"Note")tu Th� EpuittOle Building tnd lotn Associ�tton of Or�nd IsUnd,Nebnsk�, A ` "' F1dtr�1 Sw�nOs Btnk (thc"Lender")of the aAme date and coverin�the proptrty desctibcd '_'� .�..�°.ru�R.uw�I. y __ _ in the Security Instrument and located at: � -`'�r'"164"'"` ' 1504 S NEWCASTLE RD (3RAND ISLAND, NEBRASKA 68903-7017 — ��iia�:.�;s;r._K ' —_ �a..-::•. (Propeny AddrasJ - "" y� �� TNE NOTE CONTAINS PROVISIONS ALLOWIN(3 FOR CHANOES IN THE lNTEREST RATE -"�� ' AND THE MONTHLY PAYMENT.THE NOTE IIMITS THE AMOUNT THE BORROWER'S �� .� INTEREST RATE CAN CHANOE AT ANY ONE TIII�E AND THE MAXIMUM RATE THE BOR- _= ROWER MUST PAY. ._, � .... .. .. r c�. t � t�. AllDI'TIONAL COVENANTS.in addicion to the covenants and Agreements made in the Sccudty lnstrument. -- Borrower and Lender further covenant and agree as follows: G�._. A. 1NTEREST RATE ANn MONTHLY PAXMENT CHANGES � " ' The Note provides for an inttial intere.st rate of 4.7 5 0 %.The Note provldes far changes in the intcrest rate and the �y ��, monthly payments, as follows: --=�' ' 4. INTERFST RATE AND MONTHLY PAYMENT CHANGES ��_ (A)C6AnQe Dates � . The Interesf rate 1 will pay may change on the Crst day of MA RC H �19 9 5 ,8nd on that day �• every 12th month thereafter. Each date on which my interest rate could change is called a`•Chan�e Date." �� - _=-- -- . ' j �sf��; �: Beginning with the first 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 lndex�gure available as of the date 45 days before each Change Date �::�. is callyd thc"Current Index." ``" If the Index is no longer available,the Note Holder wiU choase a new index which is based upon comparable '� information. The Note Holdtr will give me notice of this choice. ��L' ,•J: '1 7 - � (C)Calculation ot Changes � ;� Before each Change DAte,the Note Holder will calculate my new interest rate by adding � '�• percentage points ( 2•� %)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°!0). Subject to thc limits stated . in Section 4(D)below. this rounded a►nount will be my new interest rate untii the next Change Date. � The Note Holder will then determinc the amount of thc monthly payment that wAUld bc suf�cicnt 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 tn substantially equal payments.The result of this calculation will be the new amount of my monthly payment. ` I , � (D) Limits on Interest Rute ChanRes ' � . . { "The interest rate I am requircd to pay at the first Changc Datc will na bc gmater than 6.7 50 %or Iess than ; I4.00 %.Thercafter,my interest ratc will nevcr bc increased or decrcased on any singlc Change Date by more than two percentagc points(2.0%)from thc ratc of intcrest I havc bcen paying for thc preceding twelve months. My � interest rate will nevcr be greater than 9•750 %. . ; . (E)Ettective D�te of ChAnRes • My new interest rate will become effective on each Change Date. 1 x•ill pay the amount of my new monthly • � payment beginning on the first monthty payment date after thc Changc Datc until thc amount of my monthly pay- ment changes again. (F) Notire of ChAnges The Notc Haldcr will dclivcr or mail to mc a notirc of any rhangcs in my intcrest ratc and thc amount of my . monthly puyment before the effectivc datc:of any change, The notice will include information required by law to . be given me and also thc titte and tclephonc number of a person who witi answcr any qucstion I may have regarding . thc notice. B.TRANSFER OF TH�PROPERTY 0[t A BEN�PICIAL INTERF ST IN BORROWER � Uniform Covenant t7 of che Sccurity lnstrument is amcnded to rcad as foltows: Tr4nsfer ot the Prope�ty or p Beneficis�l Interest in Borrowcr. I f all or any part of the Proprrty or any interest r_e.:___��__.�......C.........��...:C o MnnP:ninl intw.we�in Rnrrnwnr ie cnld rir trariel'nrrrd and RnrrnWP�tc ItOt 9 I194U�8I '- T II/tt Il JVIM V� t�u��a��v ��r..�......�........�.�.......�........�. i person)without I.ender's prior writtcn con�ent, Lcndcr may, at its option, rcquire immcdiate payment in full of � al{sums secured by this Security Instrument. How•e�•er, this option shall not be exercised by Lender if excrcise is , ( � prohibited by fcdrral law as of thc date of this Sccurity Instrument.Lcndcr also shuU not excr�isc this option if: '� (a)Borrower causes to be submitted to Lender inl'ormation requircd by [.ender to evaluate the intended transferce r� as if a new loan were being made to the trunsl'rrce; und 1b) Lendcr rcasonably dctermines that L.cnder's security will not be impaired by the loan assumption and that the risk uf a breach of any covenant or agreement in this Securi- • , � ty Instrument is acceptable to Lender. To the e!ctcnt permiued by applirxble la�v, Lender may�hargc a reasonablc fee a+a rondition to Lcnder's con . � scnt to the loan assumption. Lcnder may also requirc chr transfcrcc to sign an assumption agrrcment that is acrcpt- able to Lender and that obligates the transfercc to kccp ull thr promises and agrecment.r madc in thc Notc and in this Security Instrument.Borrower w•ill cvntinue to be obligated under the Note und this Security Instrument unless � [.cndcr rcicascs Borro«•cr in ��•riting. . MULTI:TATE AOJUiTAYIE i1ATE RIDEH ARM 6 2 S��g4 F qmily fannN MN�Fr�ddl�M�c UNfam M�trum�nt Farm 311 t 3i86 � .�y i �ii�: 822A..eoc. vMvMn��h�� ui�M•..�11��741M11Y1. ��r�,•,��,�v,