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87- 104726 "z Loan No. .......75993- 1. -1$... ADJUSTABLE RATE LOAN RIDER NOTICE. THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- IN THE INTEREST RATE: WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this ........................ clay of ............................................... 19.A7... and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or heed to Secure Debt (the "Security t "•) of the same date given by the undersigned (the `Borrower ") to secure Bor- rower's Note to .. ............................... x ....... . _ .First. Federal. Savi_n�gs (r::Loatne:Associtiion o::Liricooti; a Urilied:Sated:;corpo "ration (tbe,.Lc�nder") of the 913 SiolI "Noy") and dirc eg rand Isylar c, Nebraska �688�3 fl'- aenatand located at ...... ............... .............Y.. ..............._......................... .................................................................. Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree as follows: 1. INTEREST RATE AND MONTHLY PAYMENT CHANGE DATES The Note has an "Initial Interest Rate" of ... ... 7.950 .. M Interest rate changes may occur on the 1st day of .. ....... .September , 19.88.. and on top, 1st day of .............December - . .................._., 19.. �8. and on the 1st day of ............................................... 29........ and on the let day of ...._...- J€ ?..! ...... ..................... .......... 19.89.. and on those dates of those months in every year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date ". Changes in principal and interest payments to adjust amortization of the loan to correspond with interest rate changes shall be made on the let day of ........... September .........................1 19.88.. and on that date ------ .. year(s) thereafter. Each date on which the ...................... principal and interest payment may change will be called a "Payment Change Date ". 2. INTEREST RATE CHANGES (A) The Index Beginning with the first rate change date, my interest rate will be based on an index. The "Index" is tie: (check one box to indicate Index) (1) D "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of " published by the Federal Home Loan Bank Board. (2) ® AM1,11 Y.. u r n.. Y�eid..a!1... =.5.t..1.rt4:s4!ry ..Securities......._.... . ............................... ._.___ .... adj_usted to constant maturity of.1_year published by the Federal Reserve Board. ........ ........................................ ..... •- •-------- ........... - - -- ............................. ....................---................. ............................... The most recent Index figure available as of the date 15 days before each Rate Change Date and 45 drys before each Payment Change Date is called the "Current Index ". If the Index is no W available, the Note Holder will choose a new Index which is based upon comparable information. Tim ote Holder will give me not ce of this change. (B) Calculation of Changes Before each Rata Change Date or Payment Change Date the Note Holder will calculate my new interest rate by adding ........25D......... percentage points ( .... MOO ..... %) to the Current Index. The results of this addition will be my new interest rate until the next Rate Change Date or Payment Change Date. On each Payment Change Date, the Note Holder hill then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal balance of my loan I am expected to owe on the t Change Date in full on the maturity date at my new interest rate in substantially equal pay- ments. The result of this calculation will be the amount of my new principal and interest payment until my next Payment Change Date. (Check boa(e)) (1) Q If this box is checked, there will be no maximum limit on changes in the interest rate up or dourn. The interest rate as calculated under Section 2 (B) will be the new interest rate. (2) Ifs any Pay this t the ink rate that I pay not inc more than...... percentage points (5) fl If this boat is chocked, the interest rate that I pay shall not decrease more than ......100....... pontle on any Payment Change Date. (4) Q If this at chocked, Ihia rate that I pay not in more than ..... ........... pacentap points an a" Fi