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Loan No.._..b52b.3- 1- 1a..... ADJUSTABLE RATE LOAN RIDER 85-00541 P I 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 RESCiLT IN LOWER PA'Y'MENTS. This Rider is made this ......25th ... __. dati, of ..__.October 1g 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- rower's Note to.__ First. .Federal_Sav_tags....amd..Lo2t1 ASS.Qciation of Lincoln, aUnited States corporation (the "Lender ") of the same date (the "Note ") and covering the property described in the Security Instru- ment and located at .. 2$.Q5..South_JCi_tcl.e ... arive_ .. .. Grant Isl.and,..:Iebras:Ka 5$1301. Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrurn-nt. E0r- 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 _ ... 9.2.10.1' Interest rate changes may occur on the Ist clay of December 1986 .. and on thr Ist day of ......... ------- .------- March.._.._. .... ..., 19...87. and on the Ist day of June 1997 and on the Ist day of ._..... __ .... ..September ... _., 19.87. and on those dates of those- months in every year thereafter. Each date on which the rate of int rest may change will he r•alled a "Rate Change Date ". Changes in principal and interest payments to adjust amortization (i( the loan to correspond w;th interest rate changes shall be made on the 1st. day of December. I .. 19 $5. and on that date eve ry 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 an index. The is the: (check one box to indicate Index) (1) 1 "Contract. Interest Rate, Purchase of Previously Occupied Homes, Nationa; Average for all :Major Types of Lenders" published by the Federal Home Loan Bank Board. (2) -e 4cl ttly -. a.ve.rage..yi.p.l.d.. on_.U...S..Treasury Securities adjusted to_a..const ant .mat.urity of 1. year published by the Federal Reserve Board. The most recent Index figure available as of the date 1., days before each R.,.t(- Change Date and ;15 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 Change Date the Note Holder will calculate my new interest rage by adding 275 percentage points t 2. 750 ; j to the Current Index. The resuits of this addition will be my new interest rate until the next Rate Change Datr or Payment Change Date. On each Payment Change Date, the Note Holder will then determine the amount of the monthly payment, that would be sullicient, to repay the unpaid principal halanc•e 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 substantialh• equal pay- ment~. The result of this calculation will he the amount of my new principal and interest payment until my next Payment Change Date. (Cheek box (s)) (1) [-j If this box is checked, there will he no maximum limit on changes in the interest rate up or down. The interest: rate as calculated under Section '. (I3) will he the now interest rate. (2) 1% If this box is checked, the interest rat(, that. 1 pay shall not increase more than 100 percentage points on any Payment Change Date. (3) ;Jd If this box is checked, the interest rate that l Im; Alall 1101 decroasc more thrul 100 L. percentage points on any Ptnrnent ('bring(, Date. 44) ; ' If this box is checked, the inlcrer +l ratc Thal I pay "hail nut IiN'1'l'il 1• I11mv th nl percentage pointy on anv Hall, C'httnge Date. t . .. I—, I lip.. .i