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NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON - TARNS A PROVISION ALLOWING FOR CHANCES IN THE INTEREST RATE. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE MAY RESULT IN LOWER PAYMENTS, This Rider is made this ._t__._._ day of -_ -_ January 19 81_ and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust. or Deed to Secure Debt (the "Security Instrument ") of the some date given by the undersigned (the "Borrower ") to secure Borrower's Note to THE EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date (the "Note ") and covering the property described in the Security Instrument and located at 612 E. Capital Ave., Grand Island, NE — .__._. _ _ _... - - - - - - -- --- - - - - -- - Property Address MODIFICATIONS. In addition to the convenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES: The Note has an initial interest rate The Note provides for changes in the interest rate and the monthly payment as follows: (1) Rate Change Dates and Frequency Thereof: Beginning in 19Bii___ the rate of interest I must pay may change in the first__`___ day of the month___Februar _- _- ______ __i tgonth After Closing Month), and on that day every - -_i2_ _months thereafter. Each date on which the rate of interest could change is called a "Rate Change Date. 12) The Index: Any changes in the rate of interest will be based on an Index. The" Index is CXthe Monthly Average Yield on United States Treasury securities adjusted to a constant maturity of __ 6 months __ X 1 near ______ -.3 vears ------- 5 vears as made available by the Federal Reserve Board, or the Na- tional Monthly Median Cost of Funds iannualized) to FSLIC Insured Savings and Loan .Associations, as made available by the Federal Home Loan Bank Board. (Check only one box.) The first Index figure for this Note is 2? "o. It is called the "Original Index." The most recently available Index figure as of 45 days before each Rate change 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 information. The Note Holder will give me notice of this choice. (3) Calculation of Changes: Before each Change Date, the Note Holder will determine any change in my rate of interest. The Note Holder will calculate my new interest rate by adding -___2__pereentage points ( —_Z_%) to the Current Index and rounding the result to the nearest one- eighth of one percentage point (0,125%1. This rounded amount will be the new rate of interest I am required to pay. The maximum interest rate I will be required to pay on this loan will be no more than .__ 14 _ �4,. The minimum interest rate 1 will be required to pay on this loan will be no less than _9,`- = "(. The Note Holder will then determine the new amount of my monthly payment which would he sufficient to repay the outstanding principal balance in full on the maturity date at my new rate of interest in substantially equal payments. The result of this calculation is called the "Full Payment" and will be the new amount of my monthly payment. 1, PROVISION Ad41 applicable only if this box is checked. 14) Limit on Interest Rate Increases: The rate of interest I am required to pay shall never be increased or decrease(] on any single Rate Change Date by more than 1 ._ "b from the rate of interest I have been paying. (5) Effective Date of Changes: The new rate of interest will become effective on each Rate Change Date. I will pay the new amount of my monthly payment each month beginning on the first monthly payment date after the Rate Change Date until the amount of my monthly payment is again changed, or 1 have fully repaid the loan. (b) Notice of Changes: The Note Holder will mail or deliver tome it notice of any changes before each Rate Change Date. The Notice will advise me of the new interest rate on my loan, the amount of my new monthly payments. and any a(fdit.ionai anatters which the Note Holder is required to disclose. Provision; A( 71. A00. A(9). and A110i applicable only if this box is cho-ked. O Horrower's Right To Limit Monthly Payment: Unless Sections A(9) and A110) below will not per-nit me to do sae, I may chex >t-e to limit the amount of nay new monthly payment following; a hate Change Dztta, to the a�rwmnt I have Fin paying mult.iphed by the number t.t)75� Thi:a amount is called f 1w "Limit d 1'eayanent.' 11 I c hearer a l.±naite -d Payment, as auv anonthiy pavane>nt, t must gi r Ohl, "dote, I lr ider >aotic,, ! -heat I jau alomg ea at tfswq. )r' clays f "'#fart, my f;rat „mow araa.ratltia Iran }'aeeesnt l" fhw