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85_. 00478 Loan No. 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 ..._..27th_,_...__ day of .....- SePtemher .. -..... 19..85 -, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (tire "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Bor- F wsetr' .N�etre a T siir ings. .aid Ioa...Associ'afIori of .LiricoIi� a - Uri3teJ BtaEes.co...... iori (the "Lender") of the �s�me date lthe "Note ") and covering theirropert y described in the Security Instru- mrart and located at _ _ Avenue i,rand 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: I. INTEREST RATE AND MONTHLY PAYMENT CHANGE DATES The Note has an "Initial Interest Rate" of ..... 9.180 Interest rate changeetta�yaLcur on the �s day of _._......._. _ _l0v mbe Ta . 7980..... and o he y st day of .... - .... _ 19. ... and on1�e 1st day of _.. - _ . ... . ... ....._, 1.... Au;ust " and on the 1st day of -.- - 19 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 chanmshall be. made on the 1st day of :lovember 1386 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 tA) The Index Beginning with the first rate change (late, my inter -,e rate will lx, based on an index. The "Index" i, the: (check one box to indicate Index) (1) L'j "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of Lenders" published by the Federal Home Loan Bank Board. J2) ionthly average yield on U.S. treasury Securities =' adjusted to a constant maturity of I year ublished by the Federal deserve Board. ....... _.._..__. - _ . The most recent Index figure available as of the elate lie 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 'Vote Holder will choose a new Index which is based upon crrrnparabie information. The Note Holder will give me notice of this change. (B) Calculation of Changes Before each Rate Change Date or Payment. a Chan Date the :Vote Holder will calculate my new interest rate by adding -IS. percentage points (� 750 `i) to the Current Index. The results of this addition will be my new interest rate until the next Rate Change Date or Payment Change Date. On each Payment Change Date, the Note Holder will then determine the amount of the monthly paymesit that would be sufficient to repay the unpaid principal balance of my loan I am expected to owe on the Psymiont Change Date in full on the maturity date at my new interest rate in substantially equal pay- ments, The reeoWt of this calculation will he the amount of my new principal an re d interest payment until my next Payment Change Date. (Check box(s)) (1) If this box is chwted, there will be no maximum limit on changes in the interest rate up or down. The interest rate as calculated under Section .' ( 13) will fw the new interest rate. ('L) ;C' If this bras is checked, the interest rate that 1 fray ;hall not increase more than percentage pcunta on any Payme -nt Change Date. L (:3) k It this box is cFeecked, the interest rate that 1 }ray ,hall not decrease nu,re than 100 1",entage points tort any Payrnent Change Date. (4) , "'1 If thin lx-)x is the+ed, the intere� t rate that i pay bhall nut increase more than twr,- *ntage points ton any Blatt Change bate.