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97- 104711 Loan No. ........ Z6860 ADJUSTABLE RATE LOAN RIDER WITH OPTION OF CONVERSION TO FIXED INTEREST RATE 1" RCSs'THE SSCURiTY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PPWVSION ALLOWING FOR CHANGES IN THE INTEREST RAT& IN- CREASES IN THE ' INTMW RATE WILL RESULT IN HIGHER PAYS. r DZMASES IN THE INT=W RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this ........ 10th....... day of ..... August ............................ 19AL, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, a_ Deed to Secure Debt (tom "Security t ") of the saw date given by the undersigned (the "Borrower") to secure Bor- ... ................_.................... ............................... ...... -- lrirmra�Taviiigs and Loan lsaociati� of Lfncoln,_ a_United.,Statg.,q�rpq�g�(,n _ . ............................... ... .._............................ (tam "Lender") of the safnftthe "Note ") and covering he perty described m the Security Instru- meat and located at ......... rwood _......._. GP mail..Island .- .......... ebraska 68801...... ...................... ..._..........g . . Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- sow r and Lender further covenant and agree as follows: L INTEREST RATE AND MONTHLY PAYMENT CHANGE DATES The Nye has an "Initial Interest Rate" of ........... 7.450 Interest rate changes may occur on the Ist day of ------ -- --- ----- --------- - - - -A4 bar.......... 19....$$ and on the let day of ............................ Januany.......... 19 $And on the 1st day of ... .............. Mrll .................. 19....62 and on the 1st day of .... _......_........ J T....................... 19 ..... 89and 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 me& on the 1st day of .................. ........October..............., 19.... 8§ and on that every — ' -77.. year(s) . Each date on which the principal and interest payment may date ..............._.... change will be called a "Payment Change Date ". L INTEREST RATE CHANGES (A) The Index with the first rate c date, my interest rate will be based on an index. The "Index" is the: ( Cm to indicate Index) (1) Q "Contract Interest Rate, Pumime of Previously Occupied Homes, National Average for all Major Types of Landers" published by the Federal Home Lean Bank Board. mthly average yield on U.S. Treasury Securities adjusted to a onnstant aaturity..of..l year published•_by, tale- Federal.- Reserve.,Hq This most recent Index figure available as of the date 15 days before each Rate Change Date and 45 days before each Payment Change Date is called the "Current Index ". If the Index is no lon available, the Note Holder will choose a new Index which is based upon comparable information. 11M Note Holder will give me notice of this change. (B) Calculation of Changes Before each Rate nge Date or Payment Change Date the Note Holder will calculate my new in rate by adding ......................... �v percentage poi ? 500..... %) to the Current Index. The results rite (.- •--- '._.... 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 Nate Hclaer will then determine the amount of the monthly payment that would be sufficient to repay the unpaid pnnct* balance of my loan I am expected to owe on the Payment 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) 0 If this boa in d Jwd, there will be no maximum limit on changes in the interest rate up or down. 11w interest rate as calculated under Section 2 (B) will be the new interest rate. (2) points Y Pad Date. the in rate that I pay shall not increase more than ........100_.. -. percentage (3) 91 It this b x is chocked, the interest rate that I pay shall not decrease more than ........100 ..__ percentage points an any Payment Change nt (4) If this boa is chocked, the interest rata that I pay shall not increase more than ........... . percentage points on any Rate Change Date.