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84~ 006730 ADJUSTABLE RATE LOAN RIDER r NOTICE: THE SECURITY INSTRUMENT SECUIlES A NOTE WHICH CON. TAINS A PROVISION ALLOWING POR CHA.NGBS IN THB<~ RATE. INCUASES IN THE INTBltIlST RATE WIU.IlIilSUl.~IN_I. PA YMBNTS. DECltEASBS IN THE INTEREST RATE MAYIlIilSUl.1\.1N LOWEll PAYMENTS.. This Rider is made this 31st day of ~r , 19..H..-, IIIKI is ~j~i; shall be deemed to amend and supplement the Mortgqe, Deed ofTruat, or Deed to SecureDebt(thj.~y Instrument'" of the same date given by the undersiped Ithe "Borrower", to seeure Borrower:.'J.lfote~~ EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRAND ISLAND. NE8RASKAlthe ..~~'thj same date lthe "Note'" and covering the property de8cribed in the Security Instrument 1llKl1ecMed.. 43J.~ Calvin Drive, Grand Island, liE . ProPflrty Address MODIFICATIONS. In addition to the convenants and agreements made in the Security Instrument, B0r- rower and Lender further covenant and agree as follows: A. INTEltEST RATE AND MONTHLY PAYMENT CHANGES: The Note has an initial interest rate of -11-%. The Note provides for changes in the interest rate and the monthly payment as follows: 411 Rate Clump Dates and Frequency Thereof: Beginning in 19~, the rate of interest I muat pay may chanp in the first day of the month ,TMnUl~ IMonth After Closing Montbt. and OR that day every 12 months thereafter. Each date on which the rate of interest could chaup is c:aIIed Il "Rate Change Date." . C2) The IDdex: Any changes in the rate of interest will be hased on an Index. The "In<!~" ~Xl._the~~__.___ !-------,w-erage1'1elOOn Urnted-States Treasury securities adjustel1to a constant maturity of _ 6 montlas -X-l year _3 years .__5 years as made available by the Federal Reserve Board. or 0 the Na- tional Monthly Median Cost of Funds lannualizedl to FSLIC Insured Savings and Loan Associations. as made available by the Federal Home Loan Bank Board. (Check only one box.) The first Index figure for this Note is .uL..2Q%. J t is called the "Original Index," The moat recently available Index figure as of 45 days before each Rate change is caned the "Current Index." If tbe Indt>x 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 choice. 13) Ca1cuIatioa of Cbaups: Before each Change Date, the Note Holder will determine any change ill my rate of interest. The Note Holder will calculate my new inter.est rate by adding -----2...--percentap points ( 2 %) to the Current Index and rounding the result to the nearetK one-eighth of one pereentap point (0.125%1. Thill rounded amount will be the new rate of interest I am required to pay. The maximum intercst rate I will be required to pay on thi!! 1000n will be no more than _....l5_._ %. The minimum interest rate I will be required to pay on Ihis loan will be no lcs!! than..IJ/JLt7". The Note Holder will then determine the new amount of my monthly payment ",'hich would be sufficient to nIpIly the outstanding principal balance in full on the maturity daw at my new rate of interest in substantially equal payments. The result of this calculation is called the .. t'ull Payment" and will be the new lImount of my monthly payment. PROVISION Mil applicable only if this box is checked. .., Limit on Interef!lt Rate IncreaHfl: The rate of interl'!!t I 11m required to pay shall never Ix. increased or decreased on any single Rate Change Batt. by more than ", from the rllte of inwrt'st I have heen paying. lit Effective Date 01 Changefi: The new rate of interest will become.effectivt' on IJIICh Hate Change Date. I will pay the new lImount of my monthly payment each month beginning on t.he first monthly payment date after the Hate Change Date until the amount of my monthly payment iSlIgain chllngOO, or I have fully repaid the loan. .. Nedee of C....._: The Nol~ Holder will mail or deliver to me a notil:e of IIny chanf(t!/1 before 11llCh Rate Cbaap Date. The Nou(:tl will advise me of the lM'W interest rotl' (m 01)' 101111, thtJ amount. of my new monthly ~ts. IInd any addltionel matter!! which t.be NotE' Holdl'r i~ r€'(fuirtod t.o disdollt'. IJrovitlliom Am, Al~ll. A(9~. ~Ind AUO! lIilplklltlll' "f1I~' illhis hox is ehllC'k.'tl m h.IIoI"'I"1I Riskt To IJm-It MootAlIy f'lIIy_t: lInl@III1Se.'I.ionll '\(91I1nd 1\1 I III helow will nol pt>rmit!llt' too do 00. I _y clwooe to limit 11M! llImoont 01 my rww monlhly 11lIYfllt'tlt folloWlfI1( Ii HatE' Challf(t! nll~ tlllht' _l'It I havlI '-n pityinfil muhil:.lit,d hy tl... numlm.. t .07fi Thi!! Ilfllllunl ill clllkod Iht' ., Limitfc'd PIIYnwnI.. " I r I c~ IIIJmilMd 1'11.,.1111101. II.!; my nlfJllthly IIlilYFrnJI1I., I musluiVt, the No!tj Bold!,1" twlin' thlll I urn IInin/(~, at _lit If. daYt~ 1""OIl>' m.~ firlll. Iii""'" monthi.y !MOymel1t ill 11110' -.J