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35--a 002536 63285 -1 -19 rLoan No .. ............................... i ADJUSTABLE RATE LOAN RIDER 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 24th ........ day of ....... _.-- m?y........ I _...... ........ 19 -.85., 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- _.... -. � i'KaA� era, Savitiga and' Loan t5siaociation of I:Incoln, a Unifda "'Sfatii " dkporatrdii ...I ..................................._..._. ._...................._......... - - -.. ..........._ - - -- - - - -" ............. " -•-" ................................. (the "Lender ") of the same date (the "Note ") and covering the property described in the Security Instru- ment and located at ....22,09 y1k1ng..Foad.. -...._......_._-..._..... _. Gr4Lnd..J aland ,...Nebraska..688M... .... ... 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...750 --- % Interest rate changes may occur on the Ist day of ........ .... .. ..... .... July_...._ - , 106-. and on the Lst clay of _.... ........ ____- .._Qta:.ntltar.._....... 19...$.4 and on the 1st day of ..__. ...... January. ........ -....... 19.87... and on the 1st day of ........ ....._..APT11 _._ .... 19.87. and on those dates of those: months in every year thereafter. Each date on which the rate of interest may change will he called a "Rate Change Date ". Changes in principal and interest payments to adjust amortization of the loan to correspond with interest rate changes shall he made on the lsl day of . __ . - ...July...... .... _ , 19 86 -. and on that (late every ...-._--".-'... 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 be haled on an index. The "Index" i; the: (check one box to indicate Index) (1) 71 "Contract Interest Rate, Purchase of Previously Occupied Homes, National .Average for all Major Types of Lenders" published by the Federal IIonte Loan Bank Board. (2) —LJ - Monthly. average _.yield..on. "t1.S.._Treaaury ..Securities .... ... ____. __ ... ... ..._.. adjusted... to.- a... conntAnt.- maturi.t y... of...J..year..sublls}zed..by... the. Fode.r.41..Roaarvo.Board, .. ._ ........... __ __......_ ....._. _.. The most recent Index figure available as of the date 15 days 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 Change Before each hate Change Date or Payment Change Date the Note Holder will calculate illy neaw interest rate by adding . 245 percentage points ( 2.450 to the Current Index. The results of this addition will he my new interest rate until the next. Rate Change Date or Payment Change Bate. On each Payment Change late, the Note Bolder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal balance of my loan I am expected to owe on the Paymctrit Change Date in full on the maturity date at my new interest rate in substantially equal pay- ments. The reaeult of this calculation will be the amount of my new principal and intero4t, payment until my next Payment Change Date. (Check box (s)) (1) If this box is choked, there will be no) maximum limit on changes in the interest rate* up or flown. The intere st rate as calculated under Section 2 (11) will he the new interest rate. (2) [X If this Ixez is checked, the interest rate-, that I pay shall not increase ntorer than . 100 pereentaget points on any Payment Chatege hate. (�II � if this box is chmAed, the interest rat, that I pay hall not de. rea r enure than 100 percentage prints on any Payment. Change Datc. (4) i. , If this box is checked, the interest rate that 1 pay shall not 1n, rca�� nu>r, th1ur g.wrewntage Ienints on any hate Change Date. P,,.rrn •sA; Ifs:, er�4i