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85--. 04230.5 Loan No. ....... 6335.fa- 1ml.a._. ADJUSTABLE RATE LOAN RIDER 1 TI- 1_161 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 LO«rER PAYMENTS. This Bider is made this ... ..13th_...... day of _ ...... _.M4Y - .... _.._...., l9. a5.., 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 same date given by the undersigned ( the "Borrower ") to secure Bor- rower's Note to ._._ _ . First Federal Savings and. Loan_ Association of Lin..c..oln,...a. Unitet )- _S.taGes...oArpRratian.. _ __. (the "Lender ") of the same (late (the "Note ") and covering the property described in the Security Instru- ment and located at . 1935 North_Sherntan... . ... _.__....... .Grand- . Island, - .Nebraska ..688al -.. Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- rower and l -knder further , nv1 , nant and atgrce as follow: 1. INTEREST RATE AND MONTHLY PAYMENT ('11ANGE DATES Tile Note has an "Initial Interest Rate" of _10.780 ' Interest rate changes may occur on the Ist clay of July 1 , 19 W. and on the fst day of ...._.... _. _October 19. _ and on the 1st. day of January.__ ......, 191$7_. and on the 1st day of _ April. 19 $7. and on these dates of those months in every Year thereafter. Each (late on which the rate of interest may change will he called a "Bate Change Date ". Changes in principal and interest paymcnt:s to adjust amortization of ahe loan to correspond with :ntsest rate changes ,hall he matle nn the 1st day of July I . , 19 86.. and on that date every -°--- --- yearts) thereafter. Each date on which the principal and interest. payment tray change will hca called :a "Payment Change Date ". 2. INTEREST KATE CHANGES c A) The Index Beginning with the fir--t rite change elate, my interest rate •. il: be haled on on index. The "Index" tha : acherk out- box to inti:catt! Index) (1) 7 "Contract Interest Rate. Purchase of Previously Occupied Homes, `rational :Average for ::aft :Major Types of 1. endem" published by the Federal home Loan Bank Board. in Y tonthly average-yield nn.tJ.S..Treasury Securities ad .lusted to, a constmnt.. turity of .1 year polished by the Federal Reserve Board. The most recent Index figure available as of the date 1:; clays before, t.ach Rate Change Date and 95 clays before each Payment Change Date is called the "Current Index ". If the Index is no longer available. the Note Hol(kr will ch(x)re a new Index which 1s based upon comparable information. The Note Holder will give nun notice of this change. dB) Calculation of Changes Before each hate Change. Dale or 1'avment ('hange Date the Note Holder will calculate my new iatterext rat.( by adding 245 percentage ftoints s 2.450 ': ) to the Current Index. The result.w of thi,,% o +ddition will he my new interest rate atntil the next Rate ( hange Date or Payment Change; Date. On each Payment. Change Date, the Now holder will 1111,11 detertnine the .amount or the monthly tAynt t that would be sititieient to reiray the unpaid principal balance of my loan lam exptatted to owe on the Payment Change Date in full on the maturity date at my new interest rate in substantially, ectual pay- . tx. '17he. result of this calculation will lost the amount of my new ftrinciptal and intt .,r(Nt payment until <nw next Payment Change Date. 1 Chvck l"n.1 s)) t I) : If thins box ice 4 hes~ked, there will be no maximum limit oil changes in the interest rate tit) or do wn. 'Phe aii"CAt rate :as calcutatod under Section :' 1 l3) will he tho eta =w interest ratty. 12) i1, If this box i!.w checked, flit, iatervst rate that I I111y shall not increast, coon, 1111111 100. j °entago polnt.4 con 8111v P"vanent Change Date. f =1) 1 If £his Iaox ii, that ked, tlav inters -t rate that I tta %, vhaall not rlecrrait, tna,re than 100 d reetltage lusin&a nn nny Paysstent Ulvuive Dalt . 19) If thin tlrox k ehet'Ftad, the intcre^�t mate, that I 11111 .,hall not tilt Ir.'aast, srtom than grev'ent.age 1,trttnt�a on arty Rate f'hangev fate, n, I 9�