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ADJUSTABLE RATE RIDER gleam 104452 (1 llnr Tmwwy ladex —Rate Caps) THIS AD.tMABLE RATE RIDER is made thisMIX..., day of ......... h, l* ............................. 19 ....g ;, antl is isceipamied into and shah be dectested to amand and supplement the Mortgage, Deed of Trust or Security Deed (the t ") of the some data skmet by the (the -Borrower") to secure Borrowees Adjustable Rai KOM (the "Note) to ...... MI 61.. ...... ............................... ...... .................. ................... »......... ». (the "leadot") d the sarne date and covering the property in die I sad located at, 831 !lest Sunset Avenue, Grand Island . Nebraska 68801 ........................».. ............................... _.......................,.............................................................................. ............................... Ip►openy 1 «. '10 IF AounmemALCOMAKM In addition to the covenants and agreewnts made in the Security Instrument. Borrower and Lender farts covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT' CHANGES The Note provides for an initial inter rate of l..W.5......%. The Note proves for changes in the interest rate and the monthly paymaats, as follows. 4. RM11 FST RATE AND MONTHLY PAYMENT CHANGES (A) Chenille Dates The interest rate I will pay may change on the first day of ..... Qc. LWter .......................... 0..8$... and on that day every 12th month thereafter. Each date an which my interest rate could change is called a "Change ate." (B) The labx Belinsing with the firm Cheap Date, my interest rate will be based on an Index. The "Index" is the weekly average yield an United States Treasury securities Wiumed to a constant maturity Of ! year, as made available by the Federal Reserve Board, The mom runt Index figure availalk as of the date 45 days before each Change ate is calms the "Currant Index." If the Index is so longer available. the Note Holster will choose a new index which is based upon e„-nparabk information. The Now Holder will give me notice of then Choke. (C) Csleeularioa of Changes two and one half Bdore each Cheap Data. the Note Holder will calculate my new interest rate by adding ..... ............................... ..... ............................... percentap points (• - s.........%) to the Current Index. The Note Holder will cheat rancid the reek of ibis addition to the neared h darn percentage point (0. 125%). Subject to the limits stated in Suction 4(D) below, this rounded amount will be my new interest rate until the next Cheap Date. The Nola Holes will then determine the amount of the monthly payment that would be sufficient to repay the empid principal that I am expected to owe at the Change Dote in full on the maturity date at my new interest rate in substantially opal paymeats. The result of this calculation will be the new amount of my mthly payment. (D) Lhethe on Islemeet Bobs Chenga 9.875 The interest rate I am required to pay at the Arai Cheap ate will to be greater than ...........................%or leas than .......... $15,....x. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.0%) from the rate of interest 1 have been paying for the preceding twelve months. My interest rate will atria be greater than .13..825....... %. (B) Weeds Dace of Cbaaga My now interest rate will become eReaivs on each Change Date. 1 will pay the amount of my new mthly payment beginning on the first monthly payment date after the Cheap ate until the amount of my monthly payment changes again. (F) Notice of Chlaagaa The Note Holder will dddveu or mail to an a "ice of any changes in my interest rate and the amount of my monthly payment before the effective date of any cheap. The notice will include information required bylaw to be given me and also the title sad telephones number of a person who will answer any question I may have regarding the notice. IL TIRAMFfa OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 or the Security instrument is amendej to read as follows: Tito sraf do Pnq" ae o Bsudeini bwmrem la Borrower. !f alt or any pan of the Property crony interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) orkbout 's prier writes contest, Landa nay, at its option, require immediate payment in full of all sums secured by tlds y ! f fowerer. this option shall not be exercised by leader if exorcise is prohibited by federal law as of the date of this Sm"y lammmem. Leader also shall not exercise this option if. (a) Borrower causes to be submitted W Leader information required by Leader to evaluate the intended transferee as if a new loan were being made to the and (b) reasonably dater that Leader's security will net be impaired by the loan ion and that the riA of a broach of any comnam or agreement in this Security Instrument is acceptable to MTd! f WA* 11111ft4toddle WC Faem3tt13r&S �i