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<br />ADJUSTABLE RATE RIDER 88- 10500 E
<br />(I Y..r TttUUrl I"'IX-R.," c.,.)
<br />
<br />THIS ADJUSTABLE RATE RIDER Is mlde lhis ..J~,t~.. day or ...}.!!p..t!!!!1i?!!!.'...................... 19 ~.~....., Ind is
<br />incorporaled inlo .nd sh.1I be deemed 10 .mend .nd supplemenl the MOrlsase, Deed or T,usl or Sccu,ily Deed (Ihe
<br />-securilY 1nmumenl") or the same dale si.en by the undersisned (!he .Bor~owe'.) lo,ecu,e Borrower's Adjuslable
<br />R.le NOle (Ih, "Nole") lo......Nl1.r:<<Il.~,t..~,i\n,~,..N!1,!?r..i\~J.~"..!.!i\~.1.\!n!!,L...~.~!1.~,).!!.nQ,~..........................................
<br />.................................,..........,.....,....,......,.............., (Ihe "Lend.,") or Ih. ,ame dale and coverins lh, p'operlY de,c,ibed in
<br />Ihe SecurilY Inmumenl and localed al:
<br />517 South Grant, Grand Island, Nebraska 68801
<br />....................................................................................i";~~;;;~.Add.;~.j...................................................................................
<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 BOR-
<br />ROWER MUST PAY.
<br />
<br />A.DDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security InSlrUmenl. Borrower
<br />and lender fUrl her covenant and agree 35 follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Nott: provides for an inhial interest rail: or ....~:.Q9...... %. The Note provides for changes in tb~ interest rate and the
<br />monthly payments. as follows:
<br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />I A I Clwq:e Dol..
<br />The inl.,osl ralc 1 will pay may change on ,he firs, day of ..,!J,(;tp.b.llf..,l............,......... 19..1),'L. and on Ihal day
<br />every 12th month thereafter. Each date on ....hich my interest rate could change is called a "Change Date."
<br />(B) .....I...ox
<br />Bcginnins with the first Change Date. my mterest rllte will be based on an Index. The "'ndex" is the weekly
<br />average yield on United St3tes Treasury securities adjusted to a const.ant maturity of I year. as made available by the
<br />Federal Reserve Board. The mmt recent Indel figure available 85 of the date 4S days before each Change Date is called
<br />the "Current Index. ....
<br />If the Ind:x is no longC'r available. the NOle Holder will choose a new index which is based upon comparable
<br />information. The Note Holder will give me notia: of this choice.
<br />C C I CaltulalioD .r Cha"l"
<br />tff' each Chins, Dale. Ih. NOle Hol~.r5'/lill calcula,. my n.w in'."'1 rat. by adding ......T.\'I(),..a.~,~..()'rlE!m..
<br />'..,........................,....... per..nl.se PO"" (........:.........%) '0 Ihe Cu,renllnde., Th. No'e Holde, wllllhen round lhc
<br />result of this addition tOlhe nearest one-eighth of one percentale point (0.125%). Subje<:t to the limits stated in Section
<br />4(0) below. this rounded amount will be my ne.... interest rate until the next Change Date.
<br />The NOIe Holder will then determine the amount of the monthly payment that would be sufficient to repay the
<br />unpaid principal that' am ~ll1CCted 10 owe at the Change Date 10 full on the maturity dale al my new intercst rate in
<br />substantially equal pa)'ments The resuh of thiS calculation will be the new amount of my monthly paymenl.
<br />I D I U.,;II .. I....... R... ChaoC"
<br />rointercsl rate I am required to pay at the first Change Date will not be grealer than .J9.:.Q9..............c.;. or less than
<br />................Q..........%. The:rc:after. my inlerest rale will never be IOcreased or decreased on any single Change Date by more
<br />~han tWO PCrcc~u8c points (2.0%) from thei~leO~ i~terest I haye been paying ror the preceding twelyc month~. My
<br />IOtcresl rale will nner be Ireater than ............:........ -('. )-
<br />lEI U..d,. Dol. 0' ChaoC"
<br />My new interest rate will become effecti-vc on each Change Date. I Will pay the amount of my ncw monthly paymenl
<br />bclinninl on the fiBt monthly payment date after the Change Date until tile amount of my monthly payment changes
<br />apin.
<br />t FI NDIin or Chaqos
<br />The Note Holder will deliver or mail to me a oOlice 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 />allo the tiile and telephone number of a person who will answer any question I &nay have regarding the notice.
<br />B. TRANSFER OF THE PROPERTY OR A BENEFICIAL 1r..'TEREST IN BORROWER
<br />Uniform Covenant 11 nr the Security Instrument is 3mcnded to read as follows:
<br />T......eror IIIe Propert, 01'. &n.ficiallatetftl ill Borrowrr. Ifall Dr any part of the Property or any interest in it is
<br />sold or transferred (or if a bcnefiaat inlerest in Borrower is 50Id or lranSrcrred and Borrower is not a natural person)
<br />without lendcr.s prior written consent. Lcnder may. 3t its option. require immediate payment in full of all sums secured
<br />by Ihis Security Instrument. Ho.acr. this option shall not be cJtCrclscd by Lender if exercise is prohibited by federal law
<br />as of tbe elate of Ibis Security ln1itrument. lender also shall not uercisc lhls option if: (a) Borrower causes to be
<br />submiued to Lender information required by lender to evaluate the intended transferee as if a new loan were bein. made
<br />to the transferee; and (b) Lender reasonably determines that Lender., security will not be impaired by the loan
<br />auumption and that tbe rk1: of a breach of any covenant or a.reement in this Security Instrument is acceptable to
<br />Lender .
<br />
<br />..The IndeJl nlurc available as of the date rhe inilial illlcrC!l1 rate \\allo del ermined I"or Ihi!!. loun \\>l\ . ....7 ~.&~ ..... 0.0.
<br />
<br />~TJlTATI AO..\I$TAaE RAn RtOEA-IAM S'l-s..--~ i- .ir~.,-FIII\Ne 11M F.eddtI Mac Un.lormlnllNlMftl
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<br />fOf1ftJ1I' J a~
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