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<br />R I D E R <br />$~ ~----~ t i ~i 0 4 ~17 <br />N4Tt6E: THE Mf1RT6AGE SECURES A NOTE WHICH C_flNTAINS A <br />PRflVl510[J ALL©WiNG Ft7ft CHANGES iN THE IrTEREST RATE: <br />(NG~REAS-ES- IN THE IN'i"EREST RATL WILL RE`itri_T IN HIUHER. <br />PAYMENTS, DEGREASES IN THE INTEREST RAT F_ WILL RESULT IN <br />LOSNER PAYMENTS. <br />This Rider is made this 18th day of January 19 84 , and is <br />incorporated, into and shall be deemed to amend arrd supplement the Mortgage of <br />.even- date and- attached hereto given by the undersigned {the "borrower") to <br />secure Borrower's Nof.e to The United States National [3ank of Omaha, Nebraska <br />{zhe "Lender") of ttte same date (the "Nate"} and covering the property described <br />in the- Mortgage and Located at 405. East Stoney Park Road, Grand. Island, Nebraska <br />r..+~ n ~.,~ F ,., Rl nr4 ? in Rnr~ch frrhrii vi cinn_ a Ra-Sd6-t~V15'l On 0 0 5 rou9 15. <br />(Properly Address) <br />Range 9-West of the 6th P.M., in Ha71 County, Nebraska <br />Modificatians-. in addition io the covenants ar~rd agreemen*_s made in the <br />Mortgage, Borrower and Lender further covenant and -agree as foliows_ <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note has an "Initial interest Rate" al 11 314 =;. The Nate <br />interest rate may be increased or decreased on each l.hange Date, as <br />described in the Note. Ct'~angczs in the interest rate are governed by <br />charu}es in an "!ndex." The Index is the <br />O.S. Treasury Securities -One Year <br />determined in the second calendar month <br />preceding each Change mate. Such citanc es ail interest rate wi;l cceur <br />on The First Of February Corrcnencing Fe~ruary 1, 198b <br />Incre~+ses artid dec:re:ases in ti,e interest <br />rate are Limited to a change of ~ `, each Change Date. <br />tf the interest rate changes, the amount of Barrower-'s monthly <br />payments will change as provided in the Note. i.,cre,ases in the inter- <br />est rate will result in higher payments. Decreases in the interest rare <br />wilt result in lower payments. <br />8. Lc7AN CHARGES <br />IC could be that the loan Secured t>y tY?e trtortgage is subject to a <br />law which sets maximum loan chaegeS and ttrat law is interpreted so <br />that the interest or of#~tar~ loan charges coliecled or to be cailected in <br />connection with the loan woutd exceed permitted limits. In this event, <br />then: {a} any such loan cltiarge steal! be reduced by the amaunL <br />necessary to reduce the charge to permitted limit; and {b) any sums <br />already catlected tram Borrower which exceeded {'~errnitteti limits will be <br />r-efuaded to Borrower. tender may ctruase to make ttris refund by <br />reducing the principa# owed under the Note- or by making a direct <br />payment. to Borrower. <br />C. TRANSFER OF THE PRC7PERTY' <br />1€- there is any transfer cr the propert}=, ir~ciuding a transfer <br />described in Paragraph 17 of the Mortgage, t.ertder may require either <br />ansncrease in the current Note interest rate, an ir7crease in the Base <br />'lnctex' F=gore, nr a ctrantJe of ar'ry of ittr> ic~.rn terms, as a condition of <br />Lensier' waiving, the caption to aceeterate prcivsded in PreracJraph i 7. <br />By, sig~irtr~ this, B.orro~rar agrees to alt cif the at~ove. <br />'~'Oonald L. Mali on {3orrowar <br />-r .~: ) , <br />M"ir'te rO. Mad~SOn Borrower <br />