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84 """ t~G0744 ADJUSTABLE RATE RIDER (Payment Cap) TH13 ADJUSTABLE RATE RIDER is made this ..1Q~.., day of ......... ~?t<~'Y ................... 19$4...., attd K ittmrponted into and shall be deemed to amend sod supplement the Mortgage, Decd of Trwt, or Deed to Scenrc Debt (the "Security Inurument'7 of the same date glum by the undersigned (the "Borrower") to secure Borrower's AdjuaabTe Roe Note to ............................SuP.~ar.. aSS':r.. Inc,......................................................................... .................................................................................. (the °Lender") of the same date (the "Note") and covering the propvty described in the Security Instrutrtmt and located at. 2616 Del Monte Avenue - Grand Islatidr_NE 68801 (Properly Address] The NeN r;oMoins previsfens tsllewiny fer cheraBes in Me iMerost rota every three y.en. If tM interest rote ineneses, the ianower's teonthly PeytneMs will M hi'her. If tM interest rent deuraetts, the f3enewnr's naenlhly paytttnMs wiN be fewer. The Borrower else ntey bra eble to litnif teoMhly poyan.m inrxeeser to ~~x-.«h y.... ADDmtNVAL COVEIVAtViS. In addition to the covenants and agreements made in the Security lnsttvmmt, Borrower and lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ...12c~5.......%. Sections 4 through 8 of the Note provide for changes in the interest rate and the monthly payments, as follows: "4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) C1iasRe Dates The interest rate 1 will pay may change on the first day of ...........AP.ril 19...~~......, and on that day every 36th month thereafter Each date on which my interest rate could change is called a "Change Date." (B) The Indea Beginning with the first Change Date, my interest rate will be based on an index. The "index ' is the weekly average yield on United Sates Treasury securities adjusted to a constant maturity of 3 years, as made avaiWde by the Federal. Reservt Board. The most recent Index figure available as of the date 45 days before each Change Date is sailed the. °Currrnt index." -f the Index is no longer available, the Nore Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Cakalatiott of Chattges Beforeeach Change Date, the Note Holder will calculate my new interest rate icy adding ...,2 ~`~...., percentage points (....~...~.....%) to the Currertl Index. The Note Holder will then round the resuh of this addition to the nearest one-eighth- of onepercentage poim (0.125go). This rounded amount will be my new interest rats until the next Change Dste. The Note Holder will then determine the amount of the monthly payment [hat would be sulficimt to repay the unpaid principal balance of my loan 1 am expected to owe on the Change Date in full on the maturity date at my new interest rate in substantially eyua) payments. The resuh 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 5(A) below. (D) Effettire Date of Chwtges My new interest rats will become elfeetive on tech Change Date. I will pay the amount of my ntw monthly payment beginning on -the first monthly payment dare after the Change Date until the amoum of my monthly payment changes again. S. BORROWER'S RIGHT TO LIMIT AMOUNT OF REMAINING. MONTHLY PAYMENTS (A) Cakatatios of Gradtated MwtYly PryateM Awrtawt t may. choose to limit the amount of my new monthly payment following a Change Date if my new interest ralc would cause the monthly payment I have been paying to inertase by more than seven and one-half percent (7.39'0). !t I ebwe to Bmit tYe-amoaat of sy waaNly Mytt~t, I mast give the Nott Holder aottce that I am doitle w at least IS-days 6efors_wy 6eaitaew ttsoatYly payateal is due. When 1 da so, on the first monthly payment dale after the Change Date I will begin payinga new monthly payment whu:h will be equal to the amount t have been paying each month for the preceding twelve months multiplied by the number 1.075. Thereafter, on each of the first two anniversaries of the new monthly paytuettt date, my monthly payment will again increase by an amount equal to the amount I have been paying each month for tbe preceding twelve mwtths multiplied by the number (.073. Eves If 1 lucre chgsea to liudt wy woatMly Paytneat, Sectioac S(B), S(G~ and ti below way require ate to ply a tBlkrattfautaaat. (B)_ Redpced, Ms!tNttly Wyweat Ataotnt My graduated rttonihly payment sakula[ed under Section 5(A}above could be greater than [he am(Mtsj1 of a monthly payment-,wliieh then wouhf be sttlficimt to repay my unpaid principal balance in full on the-mtl-tfr'lty;~4 at my current intrust:tatsin.su6sumtiaGy_equat payments. tf so, on.ihe date my paying a graduated monthly ptsymclu itrpult(causc me to pay ttwre than the tower amswnt, t wit) instead then begin paying the tower antounl as my montllly,payairaiantil the next Charter Date. - iCl tacreattel; Mattttilr Rs~yweru Autowt MY P+Yinf a Sraduatcd mewtthiy uaytnent calculated uttdtr Sax;tion S(A) above eatdd cause my W(paid principal txditncc to raced thr brmt styled rn SScctf~ TfN} bt~la+r. Itsta. an the dare that my paying a mnq(}Jg ~mllA Catitse aK tr> cu..ed that hmrt, { yell inetcad-hcgm payipg.a new-mc_utthi,y payment until the next Chap~a)-ayp'~tttr tueolhly . paY'nkvn will hr utae emnuai wh~:h wuuW be sugi.~tr+tt Fn repay my than unpaid prince poi tyliitiios in ±tt)L lee maturity a4l~at my ,'arr5grl!!!+<CSat rat(C Ul sulastantiailya(uai pstyntcnis. ~11E `lI 'fstlr-- ZratMYty Itr~la, U)-`°$trgl. f <a14ay-.~5:i g3.-..f-tMA t+ttit«ta MrgW.t.la