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<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 />