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941854() ADJUSTABLE RAFE 141DIAt 7 106068 I )IIS AD.IIiSI -1131 h R�111 KIDI K 1, nt;ulc 1111s 16 'ill day of OCTOBER 19 87 and IN ill, (it inur and Nhall he devilled to amend ,utd supplenunl Ihr 1lntlgap0, Drcd of Ili \ "I of Well Ir Settle Ik•hi tlhc "iccuril Ins[rnrmrnl "I of the same date glyell by the undersigned title "Iitaluwcl ") to scCUr• Rofnowcr'N Adpolablc Raw ,tuc to CITICORP MOR11GAGE, INC. (the „Iender ") of the Name date (Itlt' "Noll.") and covcrinp the I,rohrtty dONCtihcd m the $crusty IONInnnen! anti IoNAled tC 1812 BARBARA AVENUE GRAND ISLAND, NE 68803 rut.rl uIr >nnul, ; THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE. IF THE IN- TEREST RATE INCREASES, THE BORROWER'S MONTHLY PAYMENTS WILL BE HIGHER. IF THE IN- TEREST RATE DECREASES, THE BORROWER'S MONTHLY PAYMENTS WILL BE LOWER. ADDIItnN\1 CIA N,\Nis. In addiIion to the erwenanIN and agrxntcnIN made in the Scar trey Instiantcn1, Borrower and Lender further cotenant and acrce as Iolltm,: A. INTEREST RNFE AND MONIHIA PAI'Mt -All CHANCES The Note firm idcs tin an initial Interest lane of 8.250 °'n. Section .) o(Iht Notc pru\ideN fur ch urges in the inlcrest rate and the monthly paynunts, as tollowN: 4. INTEREST RAI'F, AND MON'IHIA' PAIMENI ('HANI;I•;S (A) Change Dales The interest rate twill pat\ may change on the lnr i da> of NOVEMBER 19 88 , ;Intl on that day c\ctN 12_ _it, month thereafter. Each date on \%hick my interest tale could Chance Is called it ••Change Dale" (B) The Index Beginning with the first Change Datc, my interest tale will he based on all Inde\. I he "Index" Is the weekly average yield on United States Treasury securities adjusted to it constant maturity of 1 \earls), as made a%ailablc by the Federal Rescrve Board. The most recent Index figure a%ailahle as of the (talc 45 dakN helor'c each ( ha ngc Date is called the '(intent Index" If the Index is no longer acailab!c, the vote Holder t%il! choose it nett irides which is haled upon comparable information. 'I Ise Note Holder will Lice me notice of tills choice. (C) Calculation of Changes Before each Change Date, the time Holder will talculatc III\ new inlrresl rate by adding ---- -.. --- THREE_ AND 325[1000 pertcnutge points 1 3.325 "'„) u, the ('Intel][ Irides. file Note holder \kill then round the result of this addition to the ncarCN1 one- eighth of one percentage point (11.125" i,). fills rounded aunount twill he my new interest rate until the next Change Dante. The Note Holder will then determine the amount of file monthly payment that would he sufficient r, repay the unpaid principal balance of my loan 1 ant expected to owe at [he Change Dale in full oil the nullurity date at l]1 nett interest rate in substantially equal payments. The result of the calculation is callCd the •'Full Payment Amount ", and it will he [he nc\v amount of my momhly payment, subject to subsection ID) below. (D) Limits on Interest Rate Changes My interest rate is subject to the following limits if the appropriate hot is checked: 0 The ralg 000uerest I am required to pay shall nc\cr be increased or decreased on arp single (nteresl Change Date by more than -_- 'ro from the rate of interest I hake been paying tier the preceding 12 nxmlhs. © My interest talc also Nhall nctcr he greater Than 14.325 (E) Effective Date of Changes My new interest rate will become c(fecti\e on each Change Date. I will pay the anunl]u of my nc\% nunuhh payrnent beginning on the first monthly payment date alter the Change Da[c until the anrount of my nu inlik payn[ent changes again. (F) Notice of Changes The Note Holder will deliver or mail to me it notice of any changcl in (he amount of nit n[on(lik pakntenl before the cilectke date of any change. -file notice %kill include infinntauon required by [ant to he plies me and also the title and [elephone number of a person who will answer any question I may ha\e regarding file notice. B. TRANSFER OF THE PROPF.RIN OR .A BF:N11-41 'IAL I'S FERE'S "1 IN BORRO1i'FR Uniform Covenant 17 of the Secunry Instnnncnl is alIMILICll to read as tOIlowN. Transfer of the Property or a Beneficial Interest in Burrower. If ail or an% pant of the Property o! any merest in 11 11 sold or transferred (or if a beneficial interest in Borrower i, told or Iian0crred and Roltowcr is nol it ?]al 111,11 person) \%ithout I ender 'N prior written consent, tender may, at its r , r e i t innnrdt, t I . t ntcn i n t o I I of all um it uui t Ills S"Ill t In inn t• Ili t tt, this option shall not he exercised by I endCI it cxcrCISC IN pnIIIINIed h} fe•IICr,II law aN of the date 0l 11111 SCturtry !11,111111,011 1 ender also shall not exercise This option ill la) Borrower rntsrs III he stdnnirted to I ender Intinmation iequ!r I h, I cndcl to c\alua le the intended transferee a% it it new loan were heior nttrdc [u !110 IlalINICIt'r: 111d (h) I ender rasonahl\ d"1011M!r. !11111 1 c1111cr'N aCUr!I\ wIll not he itnpaned by rlte lo.111 :INwmptiun and 111;11 the risk ,I o Meath l]1 ,111% ,o „roan! ,,r 11 1111, "c, 11(11\ 111111 u111cnr ;s aco.,ptable !n I coder. i. 4^ r.�