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4y:,;� S: �- �.d , 9 5-�0896�. � �i�JUSTABLE �ATE AI�E� �a.� — (1 Year Treas�irr• 1J�de?c-Rate Caps) 20027538 _ � TH1S ,4DIUSTABLE RATE RiDER is made this 29TH day of' DECEMBER � g S� and is incorporated inro and shall be deerncxi ro amend and supplement ihe Mortgage, Deeci of Tr�st or Security Be�d (the "Security Instrument"j of the same date given by the undersigned(the "Eorrower")to secu;+.the Bo;rower's Adjustab!e Rate Note(the "Note")to The �qUiiZ�le 8uilding and Coen Assaciatian o! Grand Isla^G, Nebraska, A federai Savi�9s Bank (the"i.endP-")of the same ciate and covering!he property descriF,rd in che Security Instrument and Iecated at: 4138 N 150TFIi�D CAIRO, NEBRASKA 6S8?_4-9518 [Propem Acidrcss] THE NOTE CO!�TAINS PROl�ISIONS Ll,LLOWlNG FlJR Ci�ANGES IN THE INTEREST RATE AND THE MOlUT�iLY PAYM�NT. TiiE iVOTE LIMITS TWE AMC?i�NT THE BORROV�ER'S iNTERES f RATE CAN CHAfYGE AT AhY ONE TINfE AND THE �`� lVIAXlMUNI RA.TE THE P�CIRROWErR MI;ST P1aY. �;: _�� ABDI'('TC1�i.AL COVENA'JTS. In addition to the covenants and agreements made in ehe Security Instrument, �� Borrower and Lender further covenant and agree as;ollows: �� `�" A. L�TEREST i�ATE APrD MOi\THLY Pr1Y1�1E;VT CHA�tiGES The Note pro�-ides for an initiul inte:�st rate of 7. 1 25 `10. The Ncte provides for changes in t'�e in[erest rate a^� the monthly payments, as follows: �. INTEFiEST I2A'TE ANt�4,101THLY P�YbiENT CH.�PiGES � �� {��) Chan�e Dates �, Ti�c �nterest rate I vri!1 pay may chan�c on the tirst day of JANUARY , 2001 , and on that day e,ery 12th mcnt}i t}�ereafter. Each date on wnirh my interest rate ceuld cllange is calie�a "Change Date." {I3} TF�e Index Beginning with the firsC Chan£c Daic, my interes� rate wil{ be based on an Index. The "In�iex" is the weekiy average•yield on United States 'i reasur� se�vrities adjusted to a constant maiurity of 1 year, as made available hy th� Federal Rescr.e Baard. The niost .ecent Ir.�ex figure available as of the date 45 days before each Change Date is c�ilcd the "Current Index." If ti:e Index i� no longer avai(aF11e, the Nrzte Holder wil! choose a new index which is based s�pon comparable in?orriation. The Note Holder wifi give me notice of this choice. !C) Calcnlation of Changes Before eacn Change Date, thc tiote H�lcerc✓ill cale�lrate my new�nierest rate by adding �= 7Wp percentage point(s)( 2,p� �/j to the Current in�zx. The ?v'ot� �-iolder ti�iU. then rour.d the resuit of this addition to the nearest one-eighth of c�ne ��rcentage i '�Oi!;� (O.I�$��). Subject co ihe iirni.s staied in Se.ction 4(D) below, th;s rounded amount will be my ne,w interest ra;e unti! the r.est Change ilate. � The Note Held�r�,vil; then determine the amc�unt of the monthly payment that would be sufficient to repay the un�ai!i princi�al that I sm expected to owe at the Change Date in full on the Maturity Date at my new interest rate ' in sabstantially eqaal �ayments. The resuft of t,�is calculation�vill be the new amount of my monLhly payment. �;�s {I3) Lir��i4s on [nferest Ra?e Chsnges Thc intere�t rate��m re�ui;ed to pay at the first Change Date will not be greater than �• 1 2E� g� or less than 5• ? 2 5 %. Thereafter, my interest rate will never be increased ar decreased on any siny;le C�:ange Date by more ihan tw�o percentage�ints (2.0%) from the rate of ir,terest I have been paying for the precedin; tweIve months. tvtv interest rate will never be greater than 1 2• 1 25 q. tfSy interest rate w� 11 never be lower than 5. 125�. , (E) Effective I�ate of Changes My new interest rate will become effective on ezch Change Date. 1 will pay the amount of my new monthly payment hc;�inning on the fi,-st month{y paymer.c date af;er !he Change Date until the amount of my monthly � payrnent clfangcs ag:iin. � _. (�'j itiot:ce of t'han�;� "�n�� o�e Iiolder wi!1 uelive�or msil ro me a no!ic� of a�iy =Langcs in my interest rat� and the amount o[my �� mon!hly pay.rT,ent be;ore th:effective date of an�� clr..nge. '1'he nc�tice will include information reyuired by law to be gi�•en me �nd also the ritle and telephene number of a person who wiil answer any ques!ion I may h2ve � rc��ardir�the nr�tice. � � FJllii.l I5TA"E AD,2URTA6LE RATE PIDER-AP.IV7 S-2-Single Family-Fennfe MaelFreddie Mec Unliorm Inahument � Form 3111 3l85 Ar ��r 'A•$zZC�i33C151 VMP MpqTGPGE FORMS-ICOOIF21-7291 � PrinteE on Recy.leA Pper �6 � A � , 1 zt � � u