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��:_ _ ... �a. . .,,,�• . _ ._- — _�_— —— — ---- — — _.T� � --._..__ _ _ _ _ _ � _ .__ r+ar��; �� . — _._ � . .i ��ll�v�'s°�'�„�'.r•; .. . CJ . ...AL�•,'R4i F r... � - . �_. - .� __ -. . .. - ._"_".:.��e.��r._ _ _ , r.... --.. -- ..�,...y.� . . _ A., . , . � . . , ,� -. , .� J � ADJUSTA�LE RATE RIDEIt �`�''" �•O�a°1�O �:��;�;--;_ ._.__.. _ ,,.,. . , ,: — 'k�''i'�`.��.1�;a, �1 Yau Tntsury Iade�--Rate C�pt) '�,.,� ,:;;�;..;:x� . 0020026985 `-�,��;,.,' . THiSADJUSTABLE RATE RIDER is made this 17TH day of MAfiCH +19 94 ��d� :. � TM`° � ' °� �" incorporated into aad shall be deemed to amcnd Qnd supplement thc Mortgage�i)ced of 1 rust ar Security Deed(the '"i T .�J� � �� = "Secudty instruraent")of the seme date giver�by the undereigned(the"I3orrowcr")to secure Borrotver's AdJustable � - -• �'��'' �n ��-'"�.- • AsteNocc(tha"Notc")co Tha Equitabta 9uilding end laen Aesocietion of aren0 Island,HeEraska, A • - r " ., Padarai Savinga Benk (the"Lender")of the samc date and covering the propeny described ; ' in tha Security Inauuraent aad located at: � 4811 E BISMARK ORAND ISLAND, NEBRA3KA 888Q1-8545 �. �. . „ � (Property Addrea.+) � _ --__._�.-_r-- THE NOTE CONTAINS PROVISIONS ALLOWINt�FOR CHANQES IN THE INTEREST RATB ' • AND THE MONTHLY PAVMENT.THE NOTE LIMIT8 THE AMOUNT THE 80AROWER'8 "' . INTEREST RATE CAN CHANQE AT ANY ONE TIMF.AND THE MAXIMUM RATE THE BOR- � _ _ __ ' . � ROWER MUST PAY. ,. .. .. .. �� - Al3DiT10NAL COVL'NANTS. In addiifan ta the coveaants anc!agreements made in thP Security Instrumeat, i • Borrower and Lender further covenant and agree as follows: A.INTERF.9T RATE AND MONTHLY PAYMENT CHANGFS � -- The Note provides for an inidal tntere,st rate of 4.7 5 0 %.The Note provldes for changes in the interest rate and the moathly payments�as follows: 4. INTEREST ltATE AND MONTHLY PAYMBNT CHANGFS (A) CbAnge DAtes . ' The interest rate I wW pay may change on the firsr day of A P R I L . 19 9 5 ,and oA that day -- ------------ every 12th month thereafter. Each date on which my interest rate could chang�Is called a "Change Datc." __ (B) The Indea � Beginning wIth the first Change Date,my interest rate wIll be based on an Index.The"Index"is the weekly _ average yield on United Staces Treasury securlttes adjusted to a constant maturtty of 1 year� as made available by -�=-- the Federal Reserve Board.The most recent Index figure available as of the date 4S days before each Change Date � is caUed the "Cunent I�idex." � - �_'� ._ ...:... ... . .. ._ �Lt. ... If ihe index is no longer available, the Note Holder will cnoose a new index whicii ia Lttaed uNon compaa.... -__ -=.._°_-_ information.The Note Holder will give me notice of thia choice. • ��`�� (C) CalculaUon of Changes . Hefore each Change Date,the Note Holder will calculate my new interest rate by adding � percentage points ( 2.000 %)to the Current Index. The Note Holder will then round � _ the result of this additton to the nearest one�eighth of one percentage point (0.125%).Subject to the limits stated -- ��---'�.-�----�-� !n Section 4(D)below.this rounded amount will be my new interest rate until the next Change Date. �,�— The Note Holder will then determine the amount of the monthly payment thac would be sufficient to repay . ' �,t'�`°` the unpaid pdncipal that I am expected to owe at the Change Aate in ful!on the maturlty dttte at my new tnterest �'' �, rate in substanciaily equai paymencs. T'he result uf tt�i�caicuiatton wiil be the new amount of my manthIy payment. � ----_- -_ f ' .: �, (D) Limtts on Interest Rate Chnnges ' The interest rate I am required to pay at thc first Changc Date wiU not be grcater than 6. 7 50 °lo or less than f 4.00 %.Thereafter.my interest rate will never be increased or decreased on any single Change Date by i more thari two percentage points(2.OQ1o)from thc ratc of interest I have been paying for t he preceding twelve months.My � Interest rate�wtll never be grcater than 9.750 °Jo. � / (ED Efiective pate of Chunges My new interest rate will becorne effectIve on each Change Date. I will pay�he amount of my new monthly � payment beginning on the first monthly payment datc after the Change Date until the amount of my monthly pay- ment chanses again. � (F) NoNce of Chan�es . , The Note Holder will deliver or mail to mc a notice of any chan�es in my intcrest rate and the amount of my monthly payment before the effective date of any change. 'I'he notice will include inforcnatian required by law to • be given me and also thc title and telephone number of a person who will answer any question I may have regarding the noticc. B.?RANSFEIt OP THE PROPERTY OR A BENEFICIAI. INTEREST IN BORROWEIt Uniform Covcnant 17 of the Security Instrument is amended to read as follows: Twnafor nf tho Prnnortv nr u Rnnefir{al Interetit in Borrower. I f all or anv nart of thc Propertv or any interest .-- _- . : i _.--_---- -- ---- - - - - I in It is sold or transferred(or if a bencficial interest in Borrower is sotd or transferred and Borrower is not a natural person) without Lendcr's prior written consent, I.ender may, at its option, require immediatc payment �n fuli of � all sums secured by this Sccurity Instrument. Ho�vcver, this option shall not be exercised by Lendrr if exetcisc is � prohibited by fcderal law as of thc datc uf this Security Instrument. I.rnder also shall not excrcisc this option if: ' ., (a) Borrower causes to be submittcd to Lender information required by [.ender to evaluate the intended transferee ' ' � as if a new toan were bcing madc to thc transCercc; and(b) Lendcr rcasonabty dctermines thnt Lendcr's security will not be impaired by the loun assumption and that thc risk uf a breach of any co�•enant or agrc�ement in this Securi- ty Instrument is accepta@le to Lendar. To the extent permitted by appliruble la��,l.ender may�hurge a teasnnabie fec:i�a conditian to lende�'s con- � sent to the toan assumption. Lcndcr muy alzo require thc transfcrcc to sign an assumption agrecment that is ac�ept- • able to Lender and that obligates t�►c tranct'crce to kcep all the promises und a�rcemcnts madc in thc Note and in ' � this Security Instrumcnt. Borrower will rontinuc to tac obligatcd under thc Nute und this 5tturity Intitrument unless . Lendcr relcases Sorrower in ��•riting. MULTISTATE AOJUSTABIE RATE RIDER ARM 8 Y S�ngie Fnmdy iannlo MaoiFraddle Muc Uniform�nstrumont fam 3t 11 3i86 ��8Z��eeox� YMPMOHiGAGF tON�15•�7�7�733810U•�900�51>>JH�