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<br />ADJUSTABLE RATE RIDER
<br />(I Year Treasury Index - Rate Caps)
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<br />88- 10130~
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<br />THIS ADJUSTABLE RATE RIDER is made this ...~lJ.1l1 day of ................b1AOCH.................., 19...88., andis
<br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the
<br />"Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable
<br />Rate Note (the "Note") to,.....WIMES'l'..BANK..NEBRASRA,...NATI01lU\L..AS9XIATlON........,.....,....,.............,.......
<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 />..,..J~.~.,.~.,~.f.,'~..,~~~.,.~.,.~.?~9~,.....".....,......,..,.......,...,...,..,..,..,..."....",...,.."....".,....",....,.
<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 !\10NTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of ....1..315...%, The Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />( A) Change Dates
<br />The interest rate I will pay may cl>.ange on the first day of .................APB.ll...,.............., 19...89.., 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 I 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) Cakulation of Changes
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding ...~.J\N)................
<br />...~..JWJ.:.....,........ percentage points (.~..,~Q.QQQ.%) to the Current Index. 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(0) below, this rounded amount will be mi new interest rate until the next Chltnge 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,.,3.7~.O'Q..% or less than
<br />..........5,.31500.%. 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 ..12..3.7.5.....%.
<br />( E) EfI'edi,e Date of Cunges
<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 />TrallSferofthe Property or a Beneficiallntefes. in Borrower. If all or any part ofthe 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 exercised 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 transfer<<; 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 .......6..7.7.0.000io.
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<br />MUlTISTATE ADJUSTABlE RATE RIDER-ARM !>.2-S":cjle f-,'ITHly-Fanni. .....Freddi. Mlc Uniform Insfrument
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<br />Form 31 1 1 3 85
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<br />N(; fl/fiO J NO {]t!J.440fJl
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