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I ... ADJUSTABLE RATE RIDER 88- 101579 (I Year Treahry Index-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this ..~~.. day of ...............~~~.................... 19 ..~~.... and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date ~b~he undersigned ~~t "BorrOWtr'~to 5ecure Borrower's Adjustable Rate Note (the "Note") to.....~~gr....................~~f...~!.....~..~~....~~9.~.......................................... .............................................................................. (the "Lender") or the same date and covering the property described in the Security Instrument and located at: 4262 PENNSYLVANIA AVE., GPAID ISIAND, NE 68603 I Properly Addrm I THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR~ ROWER MUST PAY. . .{ ADDITIONAL COVENANTS, In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender further covenant and agree as follows; A. INTEREST RATE AND :\10NTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ..?~}.~?....%. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of ................~~................... 19.~~.... and on that day every 12th month thereafter.. Each date on which my interest rate could change is called a "Change Date." ( 8) The Index Beginning with the first Change Date. my interest rate will be based on an Index. The "Indcxn is the weekly average yield on United States Treasury securities adjusted to a constant maturity of I yC'ar. as made available by the Federal Reserve Board. The most recent Indell. figure available as of the date 45 days before each Change Date is called the "Current Index.".. If the 'ndell. is no longer available, the Note Holder will choose a new indell. which is based upon comparable information. The Note Holder will give me notice of this choice. (C) C.lculation or Chanle5 oJ~~each Change Date. the ~otc ~?!Mbd"OIl calculatc ~y new interest r~tc by adding ..~..~.................. .................................... percentage pomts (..................%) to the Current Indell. 1 he Note Holder w,1I then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). Subject 10 the limits stated In Section 4(0) 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 that would be sufficient to repay the unpaid principal that I am ell.pected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of my monthly payment. (D) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than ........~.~.~.~~.~.~...% or less than .........~.'lJ..~?9.Q...%. Thereafter. my interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.0%) fromf~e t~~ of interest I have been paying for the preceding twelve months. My interest rate will never be greater than ......~..............%. ( E) Effedite Dat. of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any question I mayhavc regarding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform CoVenant 11 of the Securily Instrument is amended to read as follows: Tra.fer of the Property or a Beneflc:i.1 Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not :) natural person) without lender's prior wriUtn consent, lender may, at its option. require immediate payment in full of all sums secured by this Security Instrument. However. this option shall not be exercised by lender if ellercise is prohibited by fedcra11aw as of the date of this Security Instrument. lender also shall not exercise this option if: (a) Borrower causes to be submitted to lender information required by lender to evaluate the intended transferee as if a new loan were being made to the transferee; and ( b) lender reasonably determines thatlender's security will not be impaired by the loan a5lumption and that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to lender. u "The IndCII figure uvailable us of I he dale' he inil ialllltcrcsl rate was dClerl11i ned for Illis loan was ...... ~."; ~?9.Q9 0/0. MUlTISTATI ADJUSTABlE RAn RIOER-ARM S.~-S,n~l(: FafPlly-Fannl. ....,fr"dl. Mac Uniform In.trum.nl form 31 t 1 J 85 M~ ttHQ(I'f(J(1"!'_i~J