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ADJUSTABLE RATE RIDER (I Y..r Tr....ury Ind..-RII' Clpo) THIS ADJUSTABLE RATE RIDER is mldethis .g~.I.~... day or ...~~P.!~!!'!?~!:........................ 19 .~~..... and Is incorporated into and sholl be deemed to amend Ind supplement the MOrlsase. Deed of Trust or Security Deed (Ihe "Securily Inmumenl") of lhe same dale jiven b)' Ihe undersigned (the "Borrower") to secure Borrower's Adjuslable Rate Note (the "Note") to ....NQnle~.t..~.ank...Ne.br.a.ska....lila.t.i.anil.1...A$.sQ.<;;ia.t.iQJJ............................................ .............................................................................. (the "Lender") or the same dale and coverins Ihe properlY described in Ihe Security Inmumenl and located al: 902 East Sunset, Grand Island, Nebraska 68801 88_104963 ....................................................................................i.p.~;;.;;;;.Add.;~~~.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 CO\'EN4NTS. llladdition to the covenants and agreements made in the Security Instrument. Borrower and lender rurthcr covenant and agree 35 follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides ror an initial interest rate of ......7..:.?~...%. The Notc providcs for changes in the interest rate and thc monthly payments. as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Chonle Do,.. Tbe interest rale I will pay may cbange on tbe first day of ...Q.~~!).~.~!:..........................., 19..!l.~..., and on lhal day every 12th month therearter. Each date on which my interest ratc could change is called a "Change Date." I B) The Inde. Beginning with the first Change Date. my interest rate will be based on an Index.. The "Inde~" 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 Boar~. The most recent Index. figure available as of the date 45 days before each Change Date is called the "Current Index.'i.. If th~ ~Index is q~..Ionger available. the Nole Holder will choose a new index which is based upon comparable information. The No~e Holder will give me notice of this choice. (C) Calcul.tion gr. Ch8nge5 Berore each Change Dale. lhe Nole Holder will calculale my n.w in'cr.sl rale by adding ........T.wP...an.ll..pJ:\IL . .....b~J.f........;............, percenlage poinls (...2.,.5.0......%) to the Current Inde.. The Nole Hold.r willlhen round the result of this addition ia the nearest one-eighth of onc percenta8c poim (0. i :Z:J-ro;. Subject~::. the !::::.:~! !:ltlllled in Section 4(0) below, this rounded amount will be my new intercst rate until the next Change Dale. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid prir\cipallhat I am expected to owe at the Change Dale in full on the maturity date at my new interest rate in substantially equal payments. The result of this ealeulallon will be the new amount of my monthly payment. << D I Limits on Inttr"1 Rale Changes The interest rate I am n:quired to pay at the first Chongc Dale will not be greoter than .."9.....7.5....."....,,.1:} or less than ...5....7.5..............%. Thereafter. my interesl rale will never be Increased or decre:lSed on any single Change Dale by mOte than two percentage points <<2.0%) from lhe rale of interest I have been paying for the preceding twelve month!.. M'v .' 12 75 ... ,"terest rate will never be greater than ...................".%. ( E) ElI'fClhe Dole of Cblng.. 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 dale after the Change Date until the amount of my monthly payment changes again. ( F 1 Nolice of Chlnl" The Note Holder will deliver or mail to me a notice of any changes in my intcrest rate and the amount of my monlhly payment before the effective date of any change. The notice will include information required by law to be 8ivcn me and also the title and tclephone number of a perstJn who will answer any question I may have regarding the nOlice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 or the Security Instrument is amended to read as follows: Transfer 01 tile Pro pert)' or _ Beneficiallnteresl in Borrowtr. If all or any part of the Property or any interest in it is sold or transferred (or ir a beneficial interest in Borrower is sold or transferred and Borrower is nol :I nalural person) withoUI Lender's prior written consent. Lender may. al its option. require immedialc payment in full of all sums sccured by lhis Security Instrument. However, this option shall not be exerciscd by Lender if cxcrcisc is prohibited by redcrallaw as. or the date or this Security Instrument. Lender also shall not cJl.ercisc this option ir: (a) Borrowcr causes to be submiued to Lcnder inrormation required by Lender 10 evaluate the intcF'ldcd transferee as if a new loan were being made to rhe transferee; ilnd (b) lender reasonably delermincs that Lender's security will not be impaired by the loan assumption and that the risk of a breach or any coyenanL or agreement in this Security Instrumenl is acceplable 10 lender. ..The Index fig.ure availablc a!l of lht:' d;lle Ihe initial inlcre~t ruU: wa~ cJl!lcrminccJ for 11m loan \\a~ ..1...85..... ....0'0. .....lISTlTE .lOJ\JS1A.U RAt( RIOlR-IPM S,,)_Y<;;l" + ,I~,f~-Filnl\l..... Fr~l. Wac Unlfo~ In.lrument FonnJU' J 85