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<br />ADJUSTABLE RATE RIDER
<br />(I v.... TI'tUIII)' ladell-RIlIe Cap')
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<br />THIS ADJUSTABLE RATE RIDER Is made this ...Z!},t.h. day of .........~.P.1;,U,..................:...... 19 ~.?.,... and is
<br />incorporated into and shall be dccmcdto Imend and supplement the MorlSlle, Deed of Trusl or Sec:urily Deed (Ihe
<br />"Security Instrllment~) of the lime date liven by the undenilned (the "Borrower") to secure Borrow.:,'s Adjustable
<br />Rate Note ( the "Note") td....J~Rn!~~,~...>>,'"n.~.,~,~,P.}i,'Aft~ih.,1i!!~J.C?,p.i!-.!..A.,~.~~.~~!!.t!~.~........ .................... .............
<br />...........................................................................,.. (the "Lender") of the lime dlte Ind coverina Ihe property described in
<br />the Security Instrument and located at:
<br />
<br />4404 Calvin Drive. Grand Island. Nebraska 68801
<br />....................................,...............................................'j',;,;;j;;;;.Add';.;;.j"........................'...................'....................................
<br />
<br />88_102156
<br />
<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE
<br />AND THE MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORROWER'S
<br />INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE B0R-
<br />ROWER MUST MY.
<br />
<br />
<br />ADDITIONAL COVENANTS. In addition to Ihe wvenanls Ind larcemenls made in the Sec:urity Instrumenl. Borrower
<br />Ind Lender further covenanl Ind laree as follows:
<br />A. INTEREST RATE AND MONTHLY PAVMEN1' CHANGES
<br />The NIHe provides for an initill inlerest rale of ,7..,J.7o..'L... %, The NOle provides for chanscs in Ihe inleresl rate and Ihe
<br />monlhly paymenb. .s follows:
<br />.. INTERfST RATE AND MONTHLY PAYMENT CHANGES
<br />(At CIlup o.t..
<br />The interest 'ale I will ray mlY chanle on Ihe lirsl day of ........J.l,I.l.~.............................. 196~L...lnd on Ihll day
<br />CYClJ 12th monlh Ih_fler. Each dlle on which my inle,est rile could chinle is called II "Chanle Date."
<br />(.tn.l....
<br />BeaiMinl wilh the Iinl Chanle Date. my inleresl rile will be based on an Index. The "Index" is the weekly
<br />IYCnle yield on United Slales Treasu,y sec:urities Idjusted 10 a conSllnt maturily of I year. IS made Ivailable by the
<br />Federal Racrve Board. The mosl recenllndel Iilu,e available u of Ihe dale 45 days before each Chanle Date is called
<br />the "Current Index.....
<br />If the Index is no lonler aVlilable, the NOle Holder will choose a new indel which is based upon comparable
<br />information, The NOle Holder will live me notice of this choice.
<br />(C) C....... C1Iups
<br />Before cac:h Chanp Date. lhe NOle Holder will calculale my new interest nle by addins ...IJltQ..."nd..Jln~.......
<br />........bd.f.................... pcrc:cnla.e points (.~.~,~!L....,%) to the CuncnL Indel. The Note Holder will then round the
<br />mull of tllia addition to lhe nearesl one.eilhth of one pe,cenlale point (O,125~), Subjecl to !he limib Silled in Sec:tion
<br />4CD) below. thia rouacIed amount will be my new inlerest rate until the nut Chanle Dlle.
<br />The Noee HoIeIcr willlhen delermine Ihe amounl of the monlhly paymenl that would be sufficient to repay the
<br />unpaid princ:ipallhat 11m expected to owe at the Chanle Dale in full on Ihe mlturily dale II my new intelesl rale in
<br />sullllanlilll)' equal paymCIIII. The result of Ihis calculation will be Ihe new amounl of my monlhly peyment.
<br />(D) u.a.. _ 1..1fIII R.t' CIIaIIpI
<br />The laterest rate 11m required to pey Illhe Iinl Chanle Dlle will nOI be sreater Ihan ..9~,L25..............'l or less lhan
<br />........1..12.S........~. Thereafter. my interesl rate will neyer be increased or decreased on Iny sinlle Chanle Dale by more
<br />thalltwo percentile point. (2,0'") frem Ihe rite of interest I have been payinS for Ihe prcccdinl twelve month.. My
<br />iaterat file will /lCYer be Irealer than .....L2,.,l;!5...'",
<br />(Et Deed.. 0... .. CIluaII
<br />My new interat rite will become e/l'ecliye on each Chanle Date. I will pay the amounl of my new monlhly peymenl
<br />bqinninlon the fint monthly payment date after Ihe Chinle Dale unlillhe amounl of my monlhly payment chanaes
<br />apin.
<br />I F) NtMIee 01 CIluaII
<br />Tile Noee Holder will deli"r or mail 10 me I nOlice of any chanlcs in my inlereil 'lIe Ind the Imount of my monlhly
<br />payment before the ell'cc:ti" d.te of Iny chanle. The notice will include information required by raw 10 be aiyen me and
<br />allo tile ti'" Ind telephone number of a pe,son who will Inswer any question I may hive rell,dinl the notiee,
<br />.. TRANSFER OF THE PROPERTY OR A BENEnOAL INTERfST IN BORROWER
<br />Uniform Covenant 17 nf lhe Sec:urily Instrument is amended to read al follows:
<br />T................,..,.. .1IntIIdaI1.......... Borrow.. If all or any parI oflhe Properly or any inlerest in it is
<br />sold or tranafi1t,ed (or if a beneficial intereslln Borrower is sold or transferred and Borrower is nOI . natural person)
<br />wilhout Lender's prior ""itten consenl. Lende, May, II ill oplion. require immedilte paymenl in full of all slims secured
<br />by tbl. Security Intlrumcnl, However. Ihis option shill not be ellercised by Lende, if uercise is prohibited by federalllw
<br />I. or lbe date 0( Illia Security Inslrument. Lender Ilso shall not exercise this oplion if: (a t Borrowe, caulClto be
<br />..lNftltled 10 Lendtr informallon required by lender 10 evaluale the intended I,ansfe,ee as if I new lOin were beinl made
<br />10 ... tr.....erM: .nd (b) Lender reasonably dllermincs Ihll Lender's security will not be impaired by the lOin
<br />-pt- and that the rist 0( I breach of any covenanl or alreement in litis Security Instrumenl is Icceplable 10
<br />Leader,
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<br />....
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<br />
<br />l WON Inclell O,ure nlllable I. or Ihe dale: Ihe inlliol hlle:re51 rille WII5 delermincd for lhis loon was ..fi.,(i,J.......... '.'1,
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<br />....nsTATt AOMTAIlIIlATlIllDlA- ~IIM H-s.r.~ f i1flll1v-Fln/llt Mat, f.1CIdl1 1Qc Un.lorllllllSINllllnt
<br />
<br />form 3111 ,) 15
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<br />rrc '_IMI".',......
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