|
$$5� 005478
<br />AITJUSTABLE RATE RIDER
<br />(1 fear Treasury Index -Rate Caps)
<br />THIS ADJUSTABLE RATE RIDER is made this _15.x day of - _____iiD1fEA1�2Y— `_______ —. 198J
<br />._ - ---.
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, teed of Trust, or Security Deed (the "Security
<br />Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME
<br />REDO §6VINOS G LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the
<br />property described in the Security Instrument and located at:
<br />417 Linden Avenue, Grand Island, NE 68801
<br />(Property Address)
<br />TINA now contnisa provWona sNowityt for changes in my interest rate and my monlMY
<br />payments. This note also Nmils Ike amount my interest rate can change at any One time sad
<br />Also the milni"M and the maximum rate i must pay.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agterment% made in the Security Instrument, Borrower and I -ender
<br />further covenant and agree as follows:
<br />A. INTF�MT RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of gr .- .______.___._°a. Section 4 of the Note provides fur changes in the interest rate and the
<br />monthly payments, as follows:
<br />A INTEREST RATE . t 'sD MONTHL. Y P.4 Kif -VT C'IL4 %'6;:.S
<br />IA) ClOpor Daeea
<br />The interest rate 1 will pay may change on the first day (,t NC Vem-ber 1, _ _ _ _ _._ , 19 _86- , and on that day rare:
<br />months thereafter Each date on which Inn intern! '.!c :hold changes called a "Change• Date."
<br />ISF Thor index
<br />Beginning with the first Change Date, my interest rate will he based on an Indrt. the ••index" is the wrekN ayetagC )VId on UmIcd Stair•
<br />Treasury securities adjusted to it constant maturity ul I year, as made available h. the I eieral Re <erse Board. The most recent Index Iigurc
<br />available as of he date 4t days before each Change Date is called the "( urrent Index."
<br />If the Index Is no conger a•.attable, the Vote Haider will choose a nrw mdrx wnl,h !, hased upon comparable miormatmr.. The Noic
<br />Holder will grior me notice of this choice
<br />s('t ['ak�Mtlntt a[ ( :Anuses
<br />Before each Change Date, the Vote Holder will calcuiaic m) new ;ntrrrst tatr hs aching QL'��_.;�__S. Y �4- :1<ir�5 ____ ;ser.rnt r
<br />points t 5.. _7; Fi Cu
<br />t to the rrent Index and rounding !u the nearest 1 01h of i. *., :utefe.t !I' the Itm;ts stated to Scolon 4(1)t below
<br />This rounded amount will be my new interest rate until the next Change Date
<br />Che N(He Hodder will riser. determine the amount oil Inc Pnomhh pasmrm spas +,cold hr - rUIf:,XrA! ;.r -Cr41, In f,,!€ the p r: -Mpai 1 am
<br />cAMted to owe tin that Change Datum suhstaluially ryuai pa)rncrut by the mill"e"t) Gate of sm new n r!r,t IJ4' The result of ants :aicuiatann
<br />wall he the stew amount of m) monthly - dvmrnr
<br />MO [Jaw On Interest Rate ('Manses
<br />t ertSI rate I am rea;uirild pa, At ;hr tint i hangc Dare w t1 n. :seater bare 1;, Q'k :rs ire• •fiats
<br />Therealtrv, my tmeresr sate All nescr tie lilacdset Ac :If —r 7 T
<br />lsam atte rape of t tit eresi I tta,r bees ; asrjig ter Ihr prr,.rdtru Iwelsr'n, =rY. : fmn!nuini :r!esrs! vale r <n ohs, I�sa❑ "i rurver '.+c
<br />irsv than
<br />8. 17 tiro isrt,t nc� rnax:misIn ,n:rrr+s rate wi11 firsts he glraIcr :hat. 4. 37")
<br />Ellf ave hate of ('Aatges
<br />tits new tnteitot late will rea:r,rne effel :,r •,n each ( .'h.nnttr bate 1 wi1 i °d, ,.!tr anrr,:,n; fry lie. ni, "I W : ;,r9'.III rOt Ncwlnnur0 it Ih' sir. r
<br />monthly "4) intent date after the 4'hangr Date. ,ins% 1tic dsnou :t rn nit triantnl% pas uicw: !range, avail,
<br />PI}Y rNlee Of (.�
<br />The Note Fioodrr wtit mail or ateii%c? rto ear d nnh,e heh'ic ra,b ( hange i)atr I tie a,k ddt!s, sec• „?
<br />Of Inc now intereyt rife am hiv I"a t as r.0 f tic t !tanljr, f fair,
<br />tint :hearniunt tit my monthly paysticnl fol€ -mil, tic ( hange l rate.
<br />(ini an) &&Itlfofuti matters whwh the Noic Hoidrs fn fr pnicd ril aas.la,a, atn,,9
<br />tt%R 'fit athtfe?y of rites asaxtatusn mr >u c,euid, +tisa.rr rcgarshng .ropy %i :c „t,na, elf, =,ter sips ddfd••fgnrnt nnisce
<br />/. l Hatt[ :R +: Lltrt
<br />I;nafoorricoo,enary 4of the'+ecurlty In %trunicni :s artscndct! t,, Portia a, Jolt —,
<br />4. [`TMtIaF [JIM, Bonnowelr shall rony all tatc,. axsessrncm%. and mhet ;harke. 'tnr,, and .nip + °,ilnrt,s attrii^rstahte to It:r Pri'l wi,
<br />attan a prmrtty cner thix fiet -url!% instrument. and leasehold payments of gfolind ernes;, ,4 tins. in stle inannct 1• :4,ss,ded undr! paldyfratit, ' twre "I
<br />Or, it rust pacd to such manner, hp thrower malimp payment, when illise, directly shr 114 „” :fate if M1110wes .hall prawnI1 1, ltsna,h I rss,iel
<br />aW woon of arnoutai dart under altix Varagiaph. and in the escnt Flortatwet +hail make paymcm inetils, Btrrro%cir %hall priinipals iwf :t• -h r;,
<br />Lender resespfs evisiviKing such pa)`tirwrio. borrower shall prompils ,its,hatsr AIII hell wh"ll ha, pfl,rtuty r,+.er !ha, +c °slirrts ImInAftarul
<br />how", Nwfttwe9 ihall hot N re4uned to Jothatae Any ,u4fl pall '•,Y !,"To as Itolt,rw,r Iat 'nail aptee :It writ rig Sir the pa,mviit i1 01C
<br />f*hW"M J.aufrd h) ,rssh hen to ;he manrler aa.rprnhlr f,r i ruder; IN shall m to -KI latch :a hits ;,i.h rirn !s, -.,t slrfend alown,t fnllor, rrrtrnl „<
<br />*tech beer in, tegai prr,ceaxhnga which to the opimnri ,f I cadet olsrratc h+ pte,rna the ensn; +.emew of Oir itch ;,s 1 „rtettutr r,I !Ire 1 "n,Miss "I acs
<br />Twit thereof. ,sr fort what! mute folml the hold,— of +u,,h hen an aateement :n i lorlti adtr %rair,•t, I,'; 1 ender „rlws,i,nAtina sai..t, i;en Iro ,! : >•
<br />'Iftlirray lnur(rrr�ttt
<br />tf I tndtt retrtm two that all .+r am, (Sao r4 the I'ri ,pert+ : a0,imv ' -,r i hen wtat4r rna, as!ar:t a :,o:.rrrrs •,et 't;r, '-W� ol'i, lrr,ttnmon•,
<br />Ruder %Wl aitt Wf ..*er a nolKe i felttllvinp tiff S9 ilefo Ii rtMwrt ,Hall ,all�t, wr3, tl iu °r ,r iai c •rtR .,r e,wfr I,c a.lr,.1'P. rt -1 1 "!Ih
<br />.stein ten 44v4 :nf M@ F"Ing a,I the fvo4r
<br />r.rw4a«crie s „ eoomt 4:4 fw',r, uri!e lfivk,www .4 Am ndrs ;a,f a= t „rlr.,a•.
<br />14 VOW! i (.ep! Lx At,, alc,frce !e(liUtol lonael oppii; able tea ° ,rte qr. -n ”, t; lt,.. ,H.
<br />"',rk'Pi1 Nq jhxa 4£1!t?Sdil tf"�Att r°C anveio r1A delli,frnp 'f ,, !„ I!r oily. rt;a=. Id,'r^ ,a ^t a' '. •- 1�',;,,,., x,. !!,'.... .. I. a .
<br />.4F ftEw r; Me9"• 'TM, '.}r €;suet, fry rpi )'it, C' !,r l 'Jf f A, �I<�.. r h' , r.Y : >.••.: ift.t "i ,1", ..:'-....r i,• Via. ':.1; , ".1 -- I ',.
<br />hA..€t :.r ';r. ",i: Jt11t s, latrnsa .;;. I f"Ifl ntd,
<br />
|