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<br />ADJUSTABLE RATE RIDER
<br />(i Year Treasury Index-Rate Caps)
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<br />88-100027
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<br />THIS ADJUSTABLE RATE RIDER is made this ..JJ..S.L day of ........J/JJ,~.r~m.~,R.........,.......... 19~Z...... and is
<br />incorporated into and shall be deemed to amend and supplement the Mortgage, Dced of Trust or Security Deed (the
<br />"Security Instrumcnt") of thc same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable
<br />Rate Note (the "Note") to ..N,QR~JE.SI...lHlli.K..NEB.RAS.l<A.....NJnlONAL...AS.s.QC1.AUQN..,...............,..,.........:..,..........
<br />....................,................................,........................ (the "lender") of the same date and covering the property described in
<br />the Security Instrument and located at:
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<br />. ." ~9. ~...tQ~.,,~ ,~., .~N.RQ."..~ ~.~. R~,~,~~.. ,?~~.?~. ............,..............,.....,..".. ,. ,.,...',...... ... ,...... ...,... ..... ,....... .........,.. ,..... '....., ...
<br />[Properly Address)
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<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE
<br />AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S
<br />INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR-
<br />ROWER MUST PAY.
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<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower
<br />and lender further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note providcs for an initial interest rate of ..7....50000%. Thc Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. INTEREST P.ATE AND MONTHLY PAYMENT CHANGES
<br />(A) Change Dates
<br />The interest rate I will pay may change on the first day of ...J.AN.UARY............................., 19.8.9....., and on that day
<br />every 12th month thereafter, Each date on which my interest rate could change is called a "Change Date."
<br />( B) The Index
<br />Beginning with the first Change Date. my interest rate will be based on an Index. The "Index" is the weekly
<br />average yield on United States Treasury securities adjusted to a constant maturity of 1 year. as made available by the
<br />Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is called
<br />the "Current Index. "**
<br />If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable
<br />information. The Note Holder will give me notice of this choice.
<br />(C) Calculation of Changes
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding .Jl~O...ANn..............,...
<br />....QNE...HALF............... percentage points (.2.5000,0%) to the Current Indel(. The Note Holder will then round the
<br />result of this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated in Section
<br />4( D) below, this rounded amount will be my new interest rate until the next Change Date,
<br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the
<br />unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in
<br />substantially equal payments, The result of this calculation will be the new amount of my monthly payment.
<br />( D) Limits on Interest Rate Changes
<br />The interest rate I am required to pay at the first Change Date will not be greater than 9..,500000000W< or less than
<br />....5...50.QOO.QOO.%. Thereafter. my interest rate will never be increased or decreased on any single Change Date by more
<br />than two percentage points (2.0%) from the rate of interest I have been paying for the preceding twelve months. My
<br />interest rate will never be greater than 1.2.5,00000%,
<br />( E) Etrectife Date of Changes
<br />My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment
<br />beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes
<br />again,
<br />( F) Notice of Changes
<br />The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly
<br />payment before the effective date of any change, The notice will include information required by law to be given me and
<br />also the title and telephone number of a person who will answer any question I may have regarding the notice.
<br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
<br />Uniform Covenant 17 of the Security Instrument is amended to read as follows:
<br />Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is
<br />sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)
<br />without Lender's prior written consent, Lender may, at its option. require immediate payment in full of all sums secured
<br />by this Security Instrument. However. this option shall not be exerciscd by Lender if exercise is prohibited by federal law
<br />as of the date of this Security Instrument. lender also shall not exercise this option if: (a) Borrower causes to be
<br />submitted to Lender information required by lender to evaluate the intended transferee as if a new loan were being made
<br />to the transferee; and (b) lender reasonably determines that lender's security will not be impaired by the loan
<br />assumption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to
<br />Lender.
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<br />.~The Index figure available as of the date the initial interest rate was determined for this loan was ..7..,02QO,O.0.00010.
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<br />MUlTISTATE ADJUSTABLE RATE RIDER-ARM 5.2-S,r(;le ~;Jnllly-Ftnni. M.. Freddie Mac Uniform Instrument
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<br />Form 3 111 3 85
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<br />NC fl;'W I NO (J 81"UfJ6j
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