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-......, ~ .oj. ADJUSTABLE RATE RIDER 84'-006815 THJSADJUSTABLE RATE IUDER is made tbis 28th day of IJeoellt)er .. 192!-, and is iacorporatedJato ;~.. be ~. to amend ancl' supplement the Mortsase. DOed of Trust, or Deed to Secure Debt (the "Security Ill5trument") _the same date liven by tbe I1Ilder5ipcd (the "Borrower") to secure Borrower'.s Adjustable Rate Note to Ga~ BlInk am 'TruIIIt ~'1Y (1le"Lcnder")of the samcdatC (the "Note") and coverins the property described in the Seturity Instrument and located at: '1101, 109 North Locust Street, Gram Island, Nebraska 68801 "'-- The Note contei..s provieiona aIowIng for cIwIgM In the InterMt rate ..,." yeer. If the ....... rate In- <<...... the Borrower's monthfy ~ will be. higher. If the InteN.t rate ........ the ~....'. monthfy payments will be lower. . ' ADDITIONAL CoVENANTS. In addition to the covenants and agreements made in the Securit'y Instrument, Borrower and Lender further covenant and asree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 12.75 Ole. Section 4 of the Note providcs for changes in the intercst rate and the monthly payments. as follows: ".. INTEREST RATE AND MONTHLY PAYMENT CHANGES I . (4) CInuIat Dales. . -!-----~~~uhe..iiJ:st.da.y_oL Jan~ ,,-.-l9~. and on teat !lay every 12th mend! , therca:fier. Each date on which my interest rate could change is called a "CbanaeDate." (II) 11Ie Iadn Bqinnins: with the first Change Dale, my interest rate will be based on an Index. The "Index" is the weekly average yield on United Statcs Treasury securities adjusted to a <:onstant maturity of 1 year. as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Chanse Date is called the "Current Index." If the Index is no longer available, the NOle Holder will choose II new index which is b8sed upon comparable information. The Note Holder will give me notice of this choice. ((;) CtIic1IIadH o. Citanps Before each Change Date, the Note Holder will calculate m)' new interest rate by adding bID and Olle-half percentqe points ( 2.5 ..) to the Current Index. The Note Holder win then round the result of this addition to the nearest one-eighth of one pcircentqe,point (0.125"). This rounded amount will be my new ill1<<est rate until the next Chanse Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to rePay the unpaid principal blIlance of my loan I am expected to owe on the Change Date in full on the maturity date at my new intercst rate in substantially equal payments. The result of this calculation is called the "Full Payment Amount", and it wiil be the new lUl;1ount of my monthly payment, sltbj<<t to subtec:tion (D) below. . tm UIBi1I OIl ItMcnst Rate CIttm.... The rate of interest I am. required to pay shall never be increased or decreased on any single Interest Chanae Date by more thaR <; " from the rate of intercst I have been payins for the precedins iwelve moiuhs. MyiotCrest rale also shall never be ~ tlIlm ,.. 9~ Oft. ., .. ,'....... Date ., CIiIupI ttbltGWinterest rate will become effective on each Change Date. I will pa~ tile a~unl of my new monthly payment ~ OIl the Am montWy payment date after the Cbanse Date until lhe amount of my monthly payment cltanaes apiD. (I') Netke ., Citanps . . . The Note Holder will mail or deltv'er to me a notice of any chanaa in the amount of my monthly pa)'ll1Cl1t before lhe effective tilate ., MY cIwlp. The notice will incltide illfonnation required by law to be siven me and also the title and lelepbone number of a plInM wilo wiIIlmIWct Ifty q~ I may have rqardinl the DOlice." .... ARM - 1 Y.., WIdIeet ~ Cap, WIda A~ to Adjustmeet Rate Cap and Rate Cap O\w Uft. -- _. _ .- $__._"- L L u ..J ..J