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A�JUS�AIiL� �tATE RID�R _ ----� ^ (1 Ycar TreASUry Indcx—itate Caps—Mixcd RAte IConverston Option) � �� ,---- THIS ADJUSTABI.E RATE RIDEEt is madc this 2ath day of Fc�b1^u81^y � 1995 � and is (ncarparatcd into and shall bc dcemcd to umcnd and supplcmcnt thc Mortgage, Dced of Trust or Security Decd(ti�c "Sccurity Instrument")of the same date given by [he undersigned(tlie "Borro�vcr") _ to secure Borru�ver's Adjustable Rate Note(the "Note" to — OOLIA°BUS FEL7LRAL SAV I NC�S DAN� (th: "l.ender")of'the _— - same date and covering the praperty described in tt�e Security Instrument and locaced at: 41a3 ARI7.ONA AVEhMJE C�tAND ISLMID, NE 6�803 �='=`� �...:...: (Property AddressJ I�4':;« TIiE NOTE CONTAIN�3 PflQVi�1iDN5 ALLOVIOIPJG FOR CHANQES IN THE�INTE,REST RATE AND YHE MONTI�iLY PAYMENT. THE NOTE LIMITS THE AMOUNT TFIE BORRAWER'S ApJUSTABLE IN7El��'�'RA?�CAfY GHAN��14�AfifY OH1�SiiiflE AfU� THE MAXIMUM RATE THE BORROWER MUST PAY. THE Nl1TE ALSO CONTAINS THE OPTiON TO CONVER7 THE ADJUSTABLE RATE TO A FIx�D RATE. �`s ADDI'PIONAL COVG(VANTS. In addition to the covenAnts and agreements mude in the Security [nstrument, Borrower and Lender further covenant and ugree as follo�vs: �_ A. ADJIISTABI.R RATT AND MON7'Hi,Y �'AYMF.NT CHANGFS --_ The Note provides for an inicia]interest rate of 7•75�Q�1o.The Note provides for changes �" in the adjustable interest rate ancl the monthly payments, as follows: d, AILI�ICTARf C ilyTF.RFCT RATF ANI1 M(1NTHi.Y PAYMF.IV7'CHANGTS (A) ChAnge Uatcs The adjustable interest rate[will pay may change on the first day of �7�►"Gh , 1996 � and on that day cvcry l2th month thereafter. Each date on which my adjustable interest ratc coi►Id chan�c is called a"Change Date." (B) The Index Bc�inning witli the first Change Date,my adjustuble interest ratc will be based on an Index.The"Index" _ ' is thc weckly avcrage yield on Unitcd States Treasury securitics adjusted to a constant maturity of 1 year. as made availuble by the Fcderal Reserve Board.The most recent Index figure uvailnblc as of the datc 45 days ��=-- before each Change Date is called the "Current Index." If the Index is no longer avuilable.the Note Holdcr�vil!choose a new index that is based upon comparable information. Thc Noee Holder wiU givc me notice of this choice. (C) Calculsttton of Chonges �- ' Before each Change Date, the Note Holder will calculate my new interest ra�e by uddinb � - Two arid Seven-Eighths percentagc point(s)( 2.8750 Qlo)to ,;� thc Current Indcx. The Notc Holde�wiU then round thc result of�his Addition to�hc ncarest onc-eighth of �';;;�:�: one percentnge point(O.125%).Subjcct to the limits stated in Section 4(D)below,this rounded amount will ;;i.�� be my ne�v interest rate until the ncxt Change Date. Thc Note Holder�viU then determine the amount of thc monthly payment that would be sufficient to repay the unpaid principal that 1 am expectcd to owc at thc Ctiangc Date in full on thc Maturity Date a[my ''� ne�v interest rate in substantially equal payments. The result of this calculation �vill bc thc ne�v amount of my monthly payment. (ll) Limits on Intcrest Rate Chnn�cs Thc interest rate I am requircd to pny at thc first Change Dnte will not be �reater than �J.7S00 °/o or Icss than 5.7500°10.Thereaftcr,my adjustable intcrest rate • will nevcr Nc increased or decrcased on a�y singic Change Date by more than Or�e percenta�c point(s) ( 1.0000%) • from thc rate of interest I have been puying for thc preceding 12 months.My intcrest ratc will never bc greater �'' than 10.T500 �'o, which is called the "Maximum Rutc." (G1 LPfectivc Date of Cl�un�es My new interest rate will become effective on cach Chan�c Date.I wiU pay the amount of my netiv monthly i � • payment beginnin�on the first monthly payment date�fter thc Change Date until the amount of my monthly paymcnt chanqes agnin. �, lr�i nouce or i;nangcs Thc Notc Holdcr will dclivcr or mail to mc a noticc of any chanscs in my adjustablc intcrest ratc and � thc amount of my monthly paymcnt bcforc thc cf'fcctivc datc of any changc.Thc noticc�vill includc information � requircd by la�v to bc 6iven me and also thc title and tcicphonc number of a persan who�vill answer any question � I may have rcIIarding tlic noticc. MULTISTATE CONVERT18lE ADJU9TABLE HATE RIDER-Smpia fem�r-1 Voar Troeeury Inde�-FUnnla Moe Unllorm inetrument � �-845A�u�ou roQo t oi 3 Form 3118 1189 ! VMP MORTQAI:C FONh7S • iJ001611 7701 � ��Drinl�d on H�c�N�d Vepu I I�III�I`Ilil)III��I�II��II I�II I��I ! 1