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Loan No.
<br />ADJUSTABLE RATE LOAN RIDER -00541(l
<br />IQOTICE: THE SECURITY IIQSTRi?MENT SECURES A NOTE WHICH CONTAINS,
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. I ":-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMFNT�;.
<br />DECREASES IN THE INTEREST RATE WILL REST_LT IN LOVER PAY'MENTQ
<br />This Rider is made this -_ 30th clay of October
<br />into and shall he deemed to amend and supplement- the Mortgage, Deed •oll Trust, or Deeci t , ti can 1)"h-
<br />(the "Seeurin Instrument",) of the same date „riven by the undersigned ithe "Borrower'; c•trre,,;r.
<br />rower's Note to
<br />i'xrst ced.era] Savings apd._Loa-r_- Association of Lincoln a IIa p Stares c:,rporatann
<br />(the "Lender ") of the same date (the "Note ") and covering the property descrrhed ,n thr Securit, l,._aru-
<br />ment and located at 434.5 Kay Avenue .. '-rand Is-1-and, `- iebraska 583:3
<br />Property Address
<br />MODIFICATIONS. In addition to the covenants and agreements made in the Srcur,i • lrt�:ru: ; .n-,. 'n "I-
<br />r•ow•e•r and Lender further covenant and agree as follows:
<br />I. INTEREST RATE AND MONTHLY I1AY_17ENT CHANGE DATI-Z
<br />The Note has an "Initial Interest Rate" of . - 9. aI0 ere
<br />Interest rate changes may occur on the Ist day of December
<br />.l day of !larch a;na on
<br />19 ��. and on the Isi day of u'le 1ga'
<br />and on the Ist day of September _ . lg 37 and on those datzc of rho.,;, n., h
<br />ear thereafter. Each date on which the rate of int,eresi ma change will he tailed a "Pate r u n ever,
<br />y
<br />,r .Ate..
<br />Changes in principal and interest pa)•menis to adjust amortization of the ,oan to cog ,land with
<br />:nterest rate changes ,hall he made on the 1st day of December i 9 86 and on t; ^,at
<br />- - - - --
<br />ate etNrY -- year(s.) thereafter. Each date on which the _principal and nterost par-n-nr may
<br />change will be called a "Payment Change Date ".
<br />'' INTEREST RATE CHANGES
<br />A) The Index
<br />Beginning wol-i the, first rate change elate, nt} interest rate a-iil he lased -)n _.Jc.,._ n.lex
<br />the: (check one hox to indicate Index)
<br />U) "Contract Interest Bate. Purchase of Previously Occupied Home-;. 'Cantonal Avrraer
<br />all Major Types of Lenders" published by the Federai Home Loan Bank Board.
<br />ro -) f >40nthly, �: _. average .an J.S. Treasury Securities
<br />adjusted to a constant maturity of 1 year published by the Federal es: -rv: 3aard•
<br />The most recent Index figure available as of the date I , days i,ei(,re , ach I� t, than e i t: t, peel
<br />45 days before each Pay:meni Change Date is called the "Current Index ".
<br />If the Index is no longer available, the Note Hoider will choose a neq, Index which is ha ed 4t,on
<br />comparable information. The Note Holder will give me notice of this : han�•e.
<br />iB) Calculation of Changes
<br />Before each Hate Change Dare or Payment Change Dole tit(• Note Helder will caiculatc „, nf•w
<br />mierest rate by adding 27`' percentage points t 750 ��,) to fhe Curren' Index. "J'hc rc -:u1.
<br />of this addition will hr my new interest rate until t.ho next Raft. Chance L)aie or Pavmein Chan,c Hate.
<br />On each Payment Change: Date, the Note Holder will then determine the amount of t -hr• monthly
<br />payment that. would be sufficient to repay the unpaid principal balance o my loan I am expected u, utive un
<br />tite Payment. Change Date in fall on the maturity date at my new interest rate in .<uh =t.antiaih edual
<br />rnents. The result of this calculation will be the• amount of my new principal and interest 1.aymenr until
<br />my next Payment Change Date.
<br />( Check box (s) )
<br />(1) _; If this box is checked, there will he no rnaxununt limit on change; in the intcrc:•�t rate up
<br />nr down. The interest rare as calculated under Section tfil will he the ncn' imerest rat c.
<br />(2) 1 If this box is che.cke.d the interest rate that 1 pa) fwll not 111crvasc rnor, Than 100
<br />percentage pomtti on any I'acrnent Change Date.
<br />(3) Xr If th, huh i ,pecked the interest rare (bolt 1 p.,c 1:2111 nut �Iecr -tt�c tnut, iban ?0(!
<br />per< tnt,age 1x,rnt„ on any Payment Ch Minix
<br />c4) If this box t4cfuckc ^d by intrr,• <t ra,i�• that 1 �,i, :i;,,li mi n::' a�: ;�;�nc r!;;sn
<br />;,anenf.ar:o potnl� nn an), ftn(c Chango main•.
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