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Loan No.....63319-1 -18 ADJUSTABLE RATE LOAN RIDER 00226` 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 kVILL RESULT IN LOWER PAYMENTS. This Rider is made this _9t_ .. . . day of - -- --- __...?`?�Y....___ ___ _..., 19._.85, and is incorporated into and shall he 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�wer's N4 t� .. _._ __ .. _ .... _.... rst a era Savings and L03n Associat iOn of Lincoln, i lliiited States corliorati-oll_ _.- ......_... _....... .__.._._.._ . ...... ...... ....... __..._.. - .- _...__ . _....... ...... ... .... .............. __. ... (the "Lender') of the same date (the `Note ") and covering the ii�roper Security described in the Security Instru- ment and located at . _ 110 East 15 Street Grated Island, Nebraska 681 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 MONTIMY f'AYNIENT CHANGE DATES The Note has an "Initial Interest Rate" of 10' 150 Interest rate change, arur on the t day of July ]f)86 and o he ,,, ovtx� g�i Sanua -ey " day of _�. __ __ April , 19. and on 1st day of _.. 19_ and on the Nt day of , !9 and on those dates of those months in every Year thereafter. Each date on which the rate of interest may change will t,e called a "Rate Change Date ". Changes in principal and inta r(-t ;raynia -nts to adjust amortj7 tion of the loan to grre;pond with interest rate shall be made on the : st day of I Y . .... ... . - _, 19. . and on that (late every yearl s) thereafter. Each date on which the principal and interest payment may Change will tie called a "t'ayment. Change hate." 2. INTEREST RATE C IIANGES (A) The Index Beginning with tlu- first r:•ate- (hinge date. my inters t rata will h(c haled on an index. The ..Index.. the: acheck one. box try indicate Index) (1) "Contract Inren -t Rate. Purchase of Previously Occupied Homes, National Average for Al Major Type of L�endem" puhlishe:d by the Federal flome I.�n Bank Board. 12) Monthly avera6e yield on t,'.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 1:; days heiore each Rate Change hate and t:i clays before each Payment Change Bate is called the "Current Index ". If the Index in no longer available. the :Vote Holder will choose a new Index which is based u)xrn comparable information. The Note Holder will give me notice of this change. a3) Calculation of Changes Before each Rate (4 Tvv hate or Payrnent Changp y e the 'Vote Holder will calculate nay na�w interest rate by adding purce,ratage points t ' ) to the Current Index. Tho resuli.d of this addition will he my new• interest: rate until the next Rate Change Date or I'ayntent Change hate. On each Payment Change Date, the ;vote Holder will then determine the amount of the monthiv tasyment that would he sufficient to repay the unpaid principal balance of my Dean I am expected to owe on the Payment Change Bate: in full on the maturity date at my new interest rate in substantially colual pay- itientm. The result of this calculation will he the amount of my new principal arid interest payment until my next: Payment. Change Date. (Check box(s)) ('1) I t It third box is clter.ketd, there will let. no nlaxinrutn limit on changes i» thv interest rate up or down. The interest rate as calculated under �xtion 2 a 11) will he the llvw interc'sl rate. (Z) ' If this &amts is checked, the inters "Mt rate that I Imy shall nut sarcreasc more than 100 percentage Ixnnts on any I'aytnent Change Date. (3) �` If this Ixax is ehezeEscd, the interest rate that 1 ;>as <heail wit rlo. a;aoec fhan 100 ppmentage pornla on any Ilavme -nt Change Date, (I) If thin box in a hawked, the interest raft, that 1 pay 4mll not un,re€ase, more Chian tovv, n1aKo la,ants on any slate Change hate. "