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~- ~~ . $4.~ f1OO118 C R I Q E R f ,~ NOTICE: THE MORTGAGE SECURES A NOTE WHICH CONTAINS A PROVI51ON ALLOWING FOR CHAbfGES IN THE INTE"REST RATE:.`. INCREASES IN THE INTEREST RATE WILL RESULT fN HiGHER [ PAYMENTS. DECREASES IN-THE fNTEREST RATE WILL RESULT fN LOWER PAYMENTS. This Rider is made this 9th day of January 19.:84', and. is incorporated into and shall be deemed to amend and supplement-the Mortgage of even date and attached hereto given by the undersioned'{the.."Bor--rower"}, to secure Borrower's No[e to The First National Bank of- Grand - Is3arri {the "Lender"} of the same date {the "Note") and covering. [he property described in the Mortgage and located at d Drive.-Grand Island Nebraska _~SauY,~_E,frv,~E~i~,~5.)_F~et of Lot Eiaht (8) and the North Twenty 2D feet of of to o e's ub tvvision, ran s an a oun~lQebras a - Property Address Modifications. In addition to Che covenants and agreements-made in tYie (t?ior[gage, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES T e Nate has an "Initial Interest Rate" of 11 3/4 0. The Note inter st rate may be increased or decreased an each Change Date, as dpr~cribed in the Note. Changes in the interest rate are governed by changes in an "Index." The Index is the . U.S. Treasury Securities - One Year determined in the second calendar month preceding .each Change Date. Such changes in interest race will occur on The First Of Februar comnencing February 1, 1486 lncreases and decreases in the interes rate are limited to a change of 2 $ each Change Date. tf the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Note. lncreases in the inter- est rate will result in higher payments. Decreases in the interest-rate will result in lower payments. 8. LOAN CHARGES It could be that the loan secured by the Mortgage is subject to a law which sets maximum loan charges and that law is interpreted so that the interest. or other loan charges collected or to be collected in connection with the loan would exceed permitted limits. In this event, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to borrower. Lender may choose to make this refund by reducing the principal owed under the Note ar by making a direct payment to borrower. C. TRANSFER OF THE PROPERTY If there is any transfer of the property, including a transfer described in Paragraph 17 of the Mortgage, lender may require either an increase in the current Note interest rate, an increase in Che Base index figure, or a change of any of the loan terms, as a condition of Lender waiving, the option to accelerate provided in Parayraph 17. by signing this, Borrower agrees to atI of ~ above.:'' teven nson Borrower ,/'~ j ' , ' ~+. dnr ra~~` t t nson Borrower "~