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Loan No. ............... ADJUSTABLE RATE LOAN RIDER 002360 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 LOWER PAYMENTS. This Rider is made this ...... day of ................ ..... y. ._. 19 ..8.... ?!�L . , 5 . into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or -, and is incorporated Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor- rower's Note to .... Firs; --- Association of Lincoln, a- United .. Staten corporation "Note") and covering the property described in the Security Instru- ment "Lender ") of the date (the ----------- --------------- U -------- * - -, and located at ...16f17. liarrAg;_Qa --- $.Vrggt. --- ... ... ,.Grand Nebraska . Nra.s.ka ... 6.8.80.1 ...... 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: I. INTEREST RATE AND MONTHLY PAYMENT' CHANGE DATES The Note has an "Initial Interest Rate" of ...10.750 Interest rate changes may occur on the Ist day of. July. 86 st (Jay of ........ October 19 and o e ...... 1 79. 8.6. and oil the 1st (Jay of Januiaiy n891 . . ........ and on the Ise day of. ........... . *'*"A April 19.... ........ 19 87 - and on those dates of those months in every Year 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 changes shall be made on the Ist day of.. _J,uly. 86 (late every and on that " " ....... Year(s) thereafter. Each date on which the principal and interest Payment may Change will be called a "Payment Change Date". 2. INTEREST RATE CHANGES (A) The Index Beginning with the first rate change date, my interest rate will he based on all index. The "Index" is the: (check one box to indicate Index) all M (1) u "Contract Interest Rate. Purchase of Previously Occupied Homes, National Average for ajor Types of Lenders" published by the Federal Home Loan Bank Board. (2) :-2 M94t Y_;kypFagliI, yij@�ld on U.S. Treasury Securities .......... adjusted_, t.9 aclonst,ant maturity. of published by the Federal Re* ................ serve Board. The most recent Index figure available as of the date tS (lays before each Rate Change Date and 45 days before each Payment 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 change. (B) Calculation of Changes Before each Rate Change Date or Payment (liange Data the Not(- Holder will calculate any new interest rate by adding . 245 percentage Points ( 2.450 it) the Current Index. The results I* tage of this addition will be my n I new interest rate until the next Rate Change Date or Payment Change Date. On each Payment Change hange Date, the Note Holder will then determine the amount of the monthly PftYment that would be sufficient to repay the unpaid Principal balance of my loan I am expected to owe on the Payment Change Date in full on the maturity date at my new interest rate in substantially equal 141.v- rnente. The result of this calculation will he the amount of my new principal and intereml payment until MY next. Payment Change Date. (Check box(s)) (1) If this box is chocked. there will 'Fr down. Th _�t be 114) "lax'"'U'll limit ')it chnI19M in the interest rate ill) e interest rate RN calculated under Section 2 (B) will he the new irjtere,,,j race. (2) If this box ix checked, the interest rate that I pay shall not increase more thall 100 1-lerct-wage txnnts on any Payment vnient change I)aje. If this ltox iq (,he4-k(- intere-A rat,� that. I I ya� shall 1141( j I 14 rf-�Iqp jjj,nj, than 100 'd, the 3"centage pointm eq, ally l'"vnient Changf, Date. 4) If this f)ox is cheeked, the +interersl rare I lint I Pav Aiall not in(ivasi, snore i lijin 1wrientKe jojjj on onv Rate change I)Aje. m