<br />r
<br />
<br />Loan No. ......521.6.5.::1::1.8.....
<br />
<br />~
<br />
<br />lRDIN
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />83- 001448
<br />
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS:
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
<br />
<br />This Rider is made this ....,.....~:L,....., day of ,..........~'gL...................., 19~1..., .and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt
<br />(the "Securit;yIristrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
<br />
<br />rower's Note.to ........,.....,..,."...."....."....,......,'.......,.."...,..,.,..,..,.,....,.............".,...,..............."...,..".....................,."...'
<br />.Eir.at.,F.e.d.era.l...Sa:vings,.and.,Lo.an..As.s.ociation..o.f"Lin.c.a1n.,.,,a,,1Inited..Sta.t:e.s...co.ri'Ora.t.ion...
<br />(the "Lender") of the same date (the "Note") and covering the property described in the Security lJistru-
<br />ment and located at "391.6.,.Maxy.11!ne....".....,....",........,."",.......,,..,.,Gl::and.~sland....Nehus.ka...6.8.8.Ql...,.....,
<br />Property Address
<br />
<br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor-
<br />rower and Lender further covenant and agree as follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The Note has an "Initial Interest Rate" of.......ll.25LL.. %
<br />Interest rate changes may occur on the 1st day of ..................,......,....,llec.embe~.." 19..84. and on the
<br />1st day of .,......,....,.................Ma.&ch.........., 19,85... and on the 1st day of ...,.......,.....,.,....,,J:Ull&-.........,., 19...35.
<br />and on the 1st day of .,.,...,.....,..,..............,$,~,p.r;,~lIIp.!:.r,' 19..~.5.. and on those dates of those months in every
<br />year thereafter, Each date on which the rate of interest may change will be called a "Rate Change Date".
<br />
<br />Changes in principal and interest payments to adjust amortization of the loan to correspond with
<br />int_t rate changes shall be made on the 1st day of .....,..,..,.........,...,......,Sep,t.e.mblU..,., 19,85,., and on that
<br />date every ...,::=,'"::::::::..,.. year(s) thereafter, Each date on which the principal and interest payment may
<br />change will be called a "Payment Change Date".
<br />
<br />Changes in the interest rate are governed by changes in an interest rate index called the "Index".
<br />Check box(es) to indicate Index.
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board.
<br />
<br />secur;,!=J!t~~!.~l1~.~i~~:~~~:~::~:~~~:~~~~t:;~:f.~;fri~Jf:f:~i~~~:p.:~t:I~~~:::~~~~~~::::i::::'~;:i:::R~~~:~y.~::i;;ard.
<br />
<br />Check box ( es) to indicate limits.
<br />(1) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or'
<br />down. The Preliminary Rate referred to in the Note, will be the new interest rate.
<br />(2) 0 If this box is checked, the interest rate that I pay shall not increase more than .....,........,....,
<br />percentage points on any Rate Change Dat~
<br />(3) 0 If this box is checked, the interest rate that I pay shall not decrease more than ...,...,...,.......,
<br />percentage points on any Rate Change Date.
<br />(4) KI If this box. is checked. the interest rate that I pay shall never be more than ,..l~AD'O'Q..,. %
<br />during the period I have my loan.
<br />(5) KI If this box is checked, the interest rate that I pay shall never be less than ..,1DA,QOO....%
<br />during the period I have my loan.
<br />(6) 0 .If this box is checked, the principal and interest payment that I pay shall not increase more
<br />than .,.............,.... percent on any Payment Change Date.
<br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more
<br />than ..,.......,.,..'.,.. percent 01\ any Payment Change Date.
<br />Th& mono thly (IIlYDleOt amounts will also change on Payment Change Dates as provided in the Note.
<br />S--payment cbange&may occur less often than interest rate changes and/or may be subject to certain
<br />!lmitatioDs .~in the Note. the monthly payments may be insufficient at times to pay accruing
<br />IQtenllR.. In such -cue, unpaid interest is added to the principal balance of the Note and jtself will accrue
<br />interwt therea..ft.er.
<br />--
<br />
<br />L
<br />
<br />-.J
<br />
<br />L
<br />
|