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Roger M. Sullivan
<br />Berniece E. Sullivan
<br />86-- 10116 9
<br />ADJUSTABLE RATE LOAN RIDER
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
<br />This Rider is made this . ,10th day of , .. March ........... 19 8 6 .. , and is incorporated into and shall
<br />be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instru-
<br />ment ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Note to .................
<br />First National Bank and .rust Company, In.. Auror .a .........................
<br />(the "Lender ") of the same date (the "Note ") and covering the proppeerty described in the Secuqrity Ins rument rd
<br />loptedat.....,. Rural Farm Ground„ Hall..County......ebr: R.R. Box 141A, �oniphan
<br />Property Address
<br />IVebr. 6$832
<br />Moiilicsfion. In addition to the covenants and agreements made in the Security Instrument, Borrower and
<br />Lender further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note has an "Initial Interest Rate" of .. %. The Note interest rate may be increased or decreased on the
<br />1st day of the month beginning on .. Jan , ,1$ , , , , , , , , 19. $ 7.. and on that day of the month every
<br />1 ? . months thereafter.
<br />Changes in the interest rate are governed by changes in an interest rate index called the "Index ". The Index is the:
<br />(Check as box to indkete Index.I
<br />(1) O' "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major
<br />Types of Lenders" published by the Federal Home Loan Bank Board.
<br />(2) 93• „ Fo, ur„ weok „a,v,er,age,a9ct }on,of,,the_ weekly „average auction to
<br />..,,,...Treasury „Bills „ad,jp.!i ; d „to „a„ six, month„ ma, turit ,y,.,,,,. .. .................
<br />(Check one box to indicate whether there is any maximum limit on changes in the interest rate on each Change Date; if jno box is checked there will
<br />be no maximum limit at changes.I
<br />(1) O There is no maximum limit on changes in the interest rate at any Change Date.
<br />(2) la The interest rate cannot be changed by more than percentage points at any Change Date.
<br />If the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Note. in-
<br />creases in the interest rate will result in higher payments. Decreases in the interest rate will result in lower payments.
<br />B. LOAN CHARGES
<br />It could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges
<br />and that law is interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br />loan would exceed permitted limits. If this is the case, then: (A) any such loan charge shall be reduced by the amount 4
<br />necessary to reduce the charge to the permitted limit; and (B) any sums already collected from Borrower which exceed- '
<br />ed permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal
<br />owed under the Note or by making a direct payment to Borrower.
<br />C. PRIOR LIENS
<br />If Lender determines that all or any part of the sums secured by this Security Instrument are subject to a lien
<br />which has priority over this Security Instrument, Lender may send Borrower a notice identifying that lien. Borrower
<br />shall promptly act with regard to that lien as provided in paragraph 4 of the Security Instrument or shall promptly
<br />secure an agreement in a form satisfactory to Lender subordinating that lien to this Security Instrument.
<br />D. TRANSFER OF THE PROPERTY
<br />If there is a transfer of the Property subject to paragraph 17 of the Security Instrument, Lender may require (1)
<br />an increase in the current Note interest rate, or (2) an increase in (or removal of) the limit on the amount of any one in-
<br />terest rate change (if there is a limit), or (3) a change in the Base Index figure, or all of these, as a condition of Lender's
<br />waiving the option to accelerate provided in paragraph 17.
<br />By signing this, Borrower agrees to all of the above.
<br />G ' �' (Seal)
<br />— Borrower
<br />— Borrower
<br />• If,”" A” am box ” Nwrkad ar /No box it checked, and t,em*r and 6om,w, , do not nrbenvire agree of wnlmg. thr firm ln,iet named -W apply.
<br />AOJMAKE RATE LOAN RIDER — sal -FHLMC WON NSTRUMENr 4.M4 W&"% Nnd Fom
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