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88-104801 ADJUSTABLE RATE RIDER (. Ynr T_....,. ._x-Ra.e Capo) nns ADJUSTABLE RATE RIDER is madelhis ...;Ull.~.. day of ...........b.\!g~.~.L................... 19~.!L.... and is incorpora'ed into and shall be deemed 10 amend and ,upplemenl the MDr'gage. Deed of Trust Dr Security Deed (the "Security Instrument") of lhe same date given by the undersigned (lhe "Borrower") 10 ,ecure Borrower', Adjustable Rate ND'e (,he "Note") 10......llnntl:Il.t...B.ank..N...braaka....Hat.i.anaJ...Assoc.iaUol1......................................... .............................................................................. (lhe "Lender") of the same dale and c:overing Ihe property described in Ihe Security Instrument and located at: . . .........1.Zl.4...Co.v.ent.ry..~ane....Grand...l6laDd...Nelu:a6ka..fi88D.l................................................................... I Proper1)' Addrcu) THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BOR- ROWER MUST PAY. ADDITIONAL CO\'E"oi4 ....TS. 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 ~ONTHLY PAYMENT CHANGES The: Note provides for an initial interest ralc of ...z.~.??......%. The Note provides for changes in the interest ralc and the monthly payments. as [ollows: .. INTEREST RATE AND MONTHLY PAYMENT CHANGES IA I Chango Da,es The interest ratt I will pay may change on the first day of . .... .Sel'.tember................... 19..~.~..... and on thaI day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Dalc." I B) The Index Beginning with the first Change Date. my interest ralc will be based on an Index. The "Jndex" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The: most recent Index. figure available as of the date 45 days before each Change DatI: is called the . 'Current Index..... If the Index is no longer available. the NOle: Holder will choose a new index which is based upon comparable information. The Note Holder will give me notIce of this choice:. (C I C..cub.ion of Chanle Before each Change Date. the: Note Holder will calculate my new intercst rate by adding ....:r~lQ...and,.on~...... .1]~.U.................... percentage poInts (..~.,.~.o.......%) to the Current Inde.. The NDle Holder will then round the result of this addition to the nearest one-eighth of om: percentage point (0,125%). Subject to the limits staled in Section 4( D) below. this rounded amount will be: my new interest rate until tbe: next Change Date, The Note Holder ,,"'ill then determine the amount of the monthly payment that would be: sufficient to repay the: unpaid principal that:)..am eXl"CCted to owe at the Change Datc 10 full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation will be: the new amounl or my monthly payment. 1 D I Limit. nn Inlores' Ibto Changes The interest ralC l am required to pay at the first Change Datc will nOl be greater than ...~....7.5 .......% or Jess than ....?'!.??...............%. Thereafter, my intercst rate will nevcr be increased or decreased on any single Change Date by more thart two percentage points (2.0%) from the rale of interest I have been paying for the preceding twelve month!.. My interest rate will never be greater than ....11....1.5.......%. 1 E) Elreeli.. DaIO of Changes My new interest rate will become dfccti\'c on each Change DaLe. I will pay the amount of my new monthly payment beginmng on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. I F) Nolieo of Changes The Note Holder will deliyer or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effcctive date of any change:.. The notice will include information required by law to be given mc and also the title and telephone number of a person who will answer any queslion I may have regarding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 nf the Security Instrument is amended to read as follows: Traasfer ofllle Property or a Benefici.llnlerest iD Borrower. Ifall or any part of the Property or any interest in it is sold or tr.ansferred (or if a benefiCial interest in Borrower is sold or transferred and Borrower is nol B nnlural person) without Lender's prior wrinen 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 exercisc is prohibitcd by federal law as of the date of this Security Instrument, lender also shall not exercise this option if: (a) Borrower causes to be submitted 10 Lender information required by Lender 10 evaluate the intended transferee as if 8 new loan were being made 10 the lramfcrc:c; a'1d (b) lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risle: of a breach of any covenant or agreemenl in this Security In5lrumcnt is acceptable to Lender. --The Index figure a,,'nilable as of the dale Ihe initial inlcre!<ot rale wa~ dClcrmincd rOT Ihi~ loan \\'3~ .7.....n2:.. .. O'n IlULTlSTATE AD..'1JSTABLE RATE RIDER-A.RM !t.2-~"",;le F.lr-...~-hn"...... rreclth. ".e Uniform InllNtMnl Form 3111 J B!!I