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ADJUSTABLE RATE RIDER 84-006791 THIS ADJUSTABLE RATE RIDER is made this 28th day of Dlilc:'a1tler. " 19~ andiiJ~. and shall be deemed to amend and supplement the MortPIC, DCed of Trust, or Deed to Scalre Debt(the..Sol:tJrityI of the same date Biven by the undersigned (the "Borrower") to secure Borrower',~ Adjuscable Rate Note to,' GlIlt:eway Bimk and Trust. ~ . . ..< ,. .,...,<<' (the "Lender") of the same date (the "Note") and coverins the property deseribed in the SeCurity IPstr1Jl:ftClU~~~,~ #707: 109 North Locust Street, Grand IalarJd. ~68801. l"--.ol The Note cont8ina provtaiona allowtng for cMnpe in 1M IntfiMt rUt evtlrY ~. If theinterut ....<.. cr...... 1M Borrower'. monthfy peymenta wIff be. htgher. II 1M inteNet rUt ........ thelcm,'.wV. monthly peymenca wi" be lower. .' . AoorrlONAL COVENANTS. In addition to the covenants and qreemcots made in the Security InMrument, Borrower aad Lendcc further covenant and alrcc as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 12.75 Vt'e, Section 4 of the Note provides for cha1llCS in the interest rate and the monthly payments, as follows: "... INTE.REST RATE AND MONTHLY P A \"MENT CHAN(;FS ,A) CItHte Dates The im"rest rate I will pay may change on the first day of Januarv . 19~. lInd on that day every 12th month -.'.lheteJlller:-Each Lf'.Mi:olf'whiclrmy imemrralc wuiu'l:hau!l.c'cn;-alled a "C:...i"'5e--Bate;'!' __._m__.__....__.. , (B) TIle I'" Bqinnina with the firs! Chanlle Date, my interest LIte will be based on an Index. The "Index" is the weekly aveflllC yield on United States Treasury se;;urities adjusted to a conslant maturity of I year, as made available by the Federal Reserve Board. The most recent Index fllure available as of the date 45 days before each 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 nmice of this choice. to CaIaaIadon of 0..... Before each Change Date, the Note Holder will calculate my new interest rate by adding t:folo and one-hal f __ percentage points (2.5 '70) to the Current Index. The Note Holder will then round the result of this addilion 10 lhe ncaresl one-eighlh of one percenlagepoint (O.12SII!e). This rounded amount will be my new intn-nt fate until the next Change Dale. The Note Holder will then determine the amount of the monthly paymenl thai would be sufficient to repay lhe unpaid principal balance of my loan I am eXp(Cted to owe on Ihe Change Dale in full on the maturilY date al my new internl rate in substantially equal payments. The result of this calculation is called !he "Full Payment Amount". and it will be the new amount of my moothly paymmt, subject to subsection (D) below. (D) UIniIs OR I.term Rate OlllltlfS. The rale of interest I am required to pay shall never be increased or de;;reased on any single lnternt Change Dale by more than --5.._ from the rate of interest I hlwe been payinll for the preceding twelve months, My imerest rale also shall never be p_ter lhao J 0; Qf) 1I!e. ' (E) ~ 0. of CIIups My MW intn-nt fllte will become effective on each Change Dale. I will pay the amount of my new monthly payment beginning 00 the fir!! monthly payment dale after the Change Dale \lntil the amount of my monthly payment chaRaes again, (fl N... ef CIIups The Note Holder will mail or delivc~r 10 me a notice of any chan!l\cs in the amoun! of my monthly payment before the effe;;ti\'e lIMe of M)l chan~. The nOlice will include information required by IllW to be Jiven me and also the tille and telephone number of it prfWO who willanswlIT IIny quntions I may have regarding the notice," ~ ARM - I Vear Wlt"clUt PAymcn. Cap, Wltb Adjustmcnt to ."djllstlMnl Rale ('lip au Rate CliP Onr I.lft'. _ FIfl""'" -€.a IP""'_C_~ u L L _J