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''? ""`f i 110111 ADJUSTABLE RATE RIDER (Payment Cap) TFIIS ADIUSTABLE RATE RIDER is made this .....'kih.... day of .........Jaz»~zy ...................... 19..8.., and'is incorporated into and shat! be dcemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument"} of the-same date given by the undersigned (the "Borrower") to secure Borrower's Adjtutahle Rate-Note to ......................Superior . Mgstgd9(=,...~?)~................................................................................ ...................................._.......................................:... (the "Lender") of the same date (the "Note") and covering the property described in the Security Insirumrnt and located at: .._.819 Orleans - Grand Islatgl~,_NE,...58801 ................. [Property Address) The Nots confoins provisions allowing for changes in the interest- rote every year. If the inferost-rate increasss, the Borrower's monthly payments wilt be higher. If tha interest rote decreases, the Borrawer's monthly poyments will be lower. The Borrower also may be able to limit monthly poyment increases to Tth% each year. ADDI770NAL CovetvAtvrs. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covrnant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ...._l~ ~ ~.......%. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: "4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate 1 will pay may change on the first day of ...........-".?~~ ........., 19.. $`~........, and on that day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The IrMex Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant 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 Change Date is calico "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon camparable information. The Note Holder will give me notice of this choice. (C) Calcultttioa of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding .. ~ ~ 4...., percentage points (.. 2.f.4......%} to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). This rounded amount will be my new interest rate until the next Change Date. The Note Haider will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal balance.of my loan I am expnaed to owe on the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation is called the "Full Payment Amount", and it will be the new amount of my monthly payment unless I choose the amount permitted by Section 4(D) below. (D) Borrower's Right to Limited Payment Amount Unless Sections 4(F) and 4(G) below will not permit mz to do so, I may choose to limit the amount of my new monthly payment following a Change llate to the amount t have been paying multiplied by the number 1.075. This amount is called the "Limited Payment Amount." If 1 choose the Limited Payment Amount, I must give the Note Holder notice that I am doing so at least IS days before my first new monthly payment is due. (E) Additions Yo My Unpaid Principal. Balance If t choose the Limited Fayment Amount, my monthly payment wind be less than the amount of the interest portion oCa monthly payment which then would be sufficient to repay my unpaid principal balance in full on the maturity date at my current interest rate in substantially equal payments. If so, each month that the Limited Payment Amount is less than the interest portion, the Note Holder will subtract the Limited Payment Amount from the amount of the interest. portion and will add the di6erence to my unpaid principal balance. Thz Notz Holder will also add interest on the amount of this difference to my unpaid. principal balance each month. The interest rate on the interest added to principal will be the rate required by Section 4(C) above. (F) Limit oa Unpaid Principal Balance; Increased Monthly Payment Amount My unpaid principal balance can never exceed a maximum amount equal to one hundred twenty-five percent (125%) of the principal amount I originally harrowed. My paying a Limited Payment Amount after any Change Date could cause my unpaid principal balance to exceed that maximum amount. if so, on the date that my paying a Limited Payment Amount would cause me to exceed that limit, 1 will instead Ixgin paying a new monthly payment until the next Change Date, The new monthly payment will be in an amount which mould be sufftcient to repay my then unpaid principal balance in full on the matugtydai; at my current interest rate in substantirlly equal paymeras. tG) Ragylred Nall Pgymealt Atnouat- Beginning with the first monthly paymettt after +hz last Change Date, 1 will pay the Full Payment Amount as my morttbly g8ymcnt. (Ntl Etlective Date of Changes.. My-new iriterest rate will become etfect+vc on each Ch:utgc Date. 1 will pay Che amount of my new na>nthly° payment heginniitg earl the first tiwnthty payment date after the Change Date until the amount of my numthly payment chang,~s again, AD11KtAlGE RAtE Ill$ER--1 Ysot TrWWry Index (f[),,..SIngM fom~ty--b:t}~__FWAM Uniform tmtwmrnt