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ADJUSTABLE RAT 85-001943 E RIDER (I Year Index— Payment Cap) THIS ADJUSTABLE RATE RIDER is made this .1.6.t:b.. day of ...... Age .ih ............................ . 19 .$5,... , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the-Note") to ....... ..... Supexio=..I1ar tgagrn,.. l tic .................... . . . .......... ............................... " "'•" ............................................... I••..... (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: RR 2. Box 239 A Wood River NE 68$83 ................ ..............t...............R + ....... .............I................. .. . .............................................. ............................... IProperty Address) THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE BORROWER MAY LIMIT MONTHLY PAYMENT INCREASES TO 7%% EACH YEAR IF THE PROVISIONS OF THE NOTE PERMIT IT. ADDr'0?4*L COVICNAM& In addition to 4he covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ...10.9 The Note provides for changes in the interest rate and the monthly payments, as follows: 4- INTEREST RATE AND MONTHLY PAYMENT CHANGES; BORROWER'S RIGHT TO IAMIT PAY- MENT (A) Change Dates The interest rate I wdl pay may change on the first day of. ...`fare•t� 19 86 that day every 12th month thereafter. Each date on which my interest rate [Auld change is called a "Change Date.n (B) The lade: Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each 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 information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Bolder will calculate my new interest rate by adding ....ane•.and......... •.,six• ten ths ..... percentage points (......�.r.G...... %) to the Current Index. The Note Holder will then round the result of this addition to the nearest one - eighth of one percentage point (0 125%). This rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation is called the "Full Payment." It will be the new amount of my monthly payment unit" I choose the amount permitted by Section 4(F) below. (D) Effective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly Payment beginning on the first monthly payment date after the Change Date until the amount of my monthly Payment changes again. (E) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes to my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information required by law 10 he given me and also the title and telephone number of a person who will answer any question 1 may have regarding the notice. ( F) Borrower's Right to limit Monthly Payment Unless Sections 4(H) and 4(I) below will not permit me to do so, I may choose to limit the amount of my new monthly payment following a Change Date to the amount 1 have been paying multiplied by the number 1 075. This amount is called the "Limited Payment." If I choose a Limited Payment as my monthly payment. I must give the NOW Holder notice that t as doing so al least IS days before m) first new monthly payment is due. (G) Additions to My Unpaid Principal If I choose to pay the Limited Payment. my monthly payment could he less than the amount „ Portion of the monthly payment that would be sufficient to repay the unpaid principal e less t 1 owe at the monthly panteret date in full on the maturity date in substantially equal payments If so, each month that the funned Payment t Icss than the rntarest portion, the Nutt Holder will yubttact [hc I inured Payment from the amount nl the ""erns[ t IN le n r WA"STATa AWUATAM,[ RATS FADign -- 1 Yaar Tr e*" Msaea- -S-npN r Q-4 - . rirMA F iKMCt /rNlaml,ylwmMn