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A Loan No........ i3.65bf- 1 -15... ADJUSTABLE RATE LOAN RIDER 85- 002331 NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- CREASES IN TIM INTEREST RATE WILL RESULT 7N HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this.-.15th ... ..... . day of ............ MAY.-- _ ................... .... 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- Wwer °s >\ia 1: .... . ........ ........ .Ai--- . ............................... a-- ........... ......................._....... -- - ............ -i -o- .... rat Federal - Savings and Loan Association of Lincoln, a United States corporation -- .................. ........... _. ............................... (the "Lender") of the mime date (the "Note ") and covering the property described in the Security Instru- meet and located at ....25??.S.ta ecoach Road _- _- ._,- _--- Grand.. Island. Nebraska..68801 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 MONTHLY PAYMENT CHANGE DATES The Note has an "Initial Interest Rate" of _... 10 ..._.r 350 et _........ ,o Interest rate changes ma occur on the 1 t day of .. . ........._.... ... ... July_ _.....__...., 19.86 -- and on the OctXber 6 January 87 Ist day of ....... ..........._................... 19........ and on t 1st day of .._.._.. �'................ 19.8 A011'" --- and on the 1st day of . ......... ........ ... ............_. ........ ........, 19........ and on those dales of those months in every vear thereafter. Each date on which the rate. of interest may change will be called a "Rate Change Date ". Changes in principal and interest payments to adjust amortization of the loan to correspond with interest rate Chan egos shall be made on the Ist day of _..__.__._. .... ..July ............ _,__........ 1986.- and on that date every ....................... year(s) thereafter. Each date on which the principal and interest payment may change will be called a "Payment Change Date ". 1 INTEREST RATE CHANGES i A) The Index Beginning with the first rate change date, my interest rate will he based on an index. The "Index" is the: (check one box to indicate Index) (1) ..'s "Contract Interest Rate, Purchase of Previously Occupied Homes. National Average for all Mayor Types of Lenders" published by the Federal Home Loan Bank Board. (2) rXt Monthly average yield on U.S. Treasury Securi_t_ i. es --- --- ._...... adjusted to a constant maturity of 1 year published by the Federal Reserve board. ........_._._. __. _. ................ ...... The most recent Index figure available as of the elate 35 clays before each Bale Change Date and 45 days before each Payment Change Date is called the "Current Index". If the Index is no Ion er available, the Note Holder will r, a new Index which is 1 upon comparable information. The dote Holder will give me notice of this change. (B) Calculation of Changers Before each Rate C go Date or Payment Change fate the Note Holder will calculate env new interest rate by adding percentage lxosnis (. '• ti50 °f; l to the Current Index. The results of this addition will tae my new interest rate until the next [date: Change Date or Payment Change Date. On each Paymmnt Change Date, the dote Holder will then determine the amount of the monthly laymentt that would be sufficient to repay the unpaid principal balance of my loan I am expected to Bowe on the Payment Change Date in full on the maturity date at my new interest rate in substantially equal pay- ments. The rmlt of this calculation will be the atnount of my new principal and interest payment until my next Pa, t Change Date. (Check box(s)) (1) �] If this box is chocked, there will he no maximum limit an changes in the interest rate up or t . The interest rate as calculated under Section ' (fi) will be the: new interewt rats. (2) Jg,, If this box is chocked, the intc t, rate that I lay shall not. increase mores than. 100 pamentav points con any Payment Change Date. (3) Itl If this box is ches:ked, the interest rats: that 1 1my "hall not dm- reuse more. than 1(?0 etatage points on any Payment ('hangr, I)ate. (4) ""j if this tort is rhtwkrd, the intereset rare that. I pay 4holl not inumarw more than Imto -01148 peraettla ore any Rate Cbange hate. R