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Loan No. ...... 7733 -1 -.18 ADJUSTABLE RATE LOAN RIDER 86-- 10JL056 NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this ....... $th_. -__.. day of .. FebruarY- _-- ................ 8ti•_• ...., 19.. _ ,and is incorporated into and shell be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Bor- F�ir's st >Nederal 8aviiigs and boa.. As§oc a£................ of Liricol... ;......11'riiteii Stai:es"oorpo'rat;ion ' (the "Lender") of the same date (the "Note ") and covering the property described in the e ' Instru- mart and located at ... ?4fl Lakeside Drive Grand Island, Nebraska 68801 . . -- ._...I .................. ... •--- --- ••------ _.._........_ ................. 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 ro Interest rate changes may cur on the 1 day of ......... .......... ........................ _ 19 ..87.. and on e A ust November 19 ........ day of ................... ___� _....__ _ 19 _ -- -.-- and on a 1st day of - -------------------- --- -• -_ - -- --- ............ y �e6ruary ....... 19 ------- and on those dates of those months in every and on the ist da of ._...---.--• . ... .. ........ ................. . . 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 1st day of .... ..--- --_--- - - - -_. � Y...----- ----- ------ -_ - --_, 19_8T. and on that date every --- - --_- -_.._- ------ 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 fast rate change date, my interest rate will he based on an index.. The "Index" is the: (check one box to indicate Index) (1) ❑ "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of Lenders" published by the Federal Home Loan Bank Board. (2) © Monthly average yield on U.S. Treasury Securities adjusted to a 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 days before each Payment Change Date is called the "Current Index ". If the Index is no longer available, the Note Holder will choose a new Index which is based upon comparable informatim The Dote Holder will give me notice of this change. (B) Calculation of Changes Before each Rate Change Date or Payment Change Date the Note Holder wilt calculate my new interest me by adding ..... .. Z50 ........ percentage points (..2.500 ...40) 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 will then determine the amount of the monthly payment that mould be sufficient lent to repay the unpaid principal 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 boils)) (1) C If this box is checked, there will be no maximum limit on changes in the interest rate up or down. The interest rats as calculated under Section 2 (B) will he the new interest rate. (2) M If this box is checked, the interest rate that I pay shall not increase more than .....100 - percentage points on any Payment Change Date. (3) JE If this box is checked, the interest rate that I pay shall not decrease more than...... lop_ _.. percentage points on any Payment Change Date. (4) �] If this box is checked, the interest rate that I pay shall not increase more than _ percentage points on any Rate Change Date. -fro.. 4AV I