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$4-""`(100830 R I D E R NOTICE: THE. MORTGAGE SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FUR CHANGES SN THE INTEREST RATE. INCREASES IN TFTE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES INJ THE fNTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this 10th day of February 1984, 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 "ROrrower") to secure Borrower's Note to The first "Jation~il Bank of Grand Island (the "Lender") of the same date (the "Note") and covering the property described in the Mortgage and located at 3136 Briarwood Boulevard, Grand Isl.and,•Nebraska. Peal Descri ti on: Lot Twenty-One 21 to oc wo to ren wo in the City of Grand Island, Hall County, Ne ras a. (Properly Address Modifications. In addition to the covenants and agreements made in the Mortgage, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of 11.75 `''o. The Note interest rate may be increased or decreased on each Change Date, as described in the Note. Changes in the interest rate are governed by changes in an "Index." The Index is the U. S. Treasury Securities - i Year determined in the second calendar month preceding each Change Date. Such changes in interest rate will occur on The Fi rst of February Cotr~nenci na February T _ T9ACi_ _ ____ increases and decreases in the interest rate are limited to a change of 2 °, each Change Date. If the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Note. Increases in the inter- est rate wilt result in 17igher payments. Decreases in the interest rate will result in Inver payments. B. LUAN CHARGES It could he 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 inlerest or other loan charges collected or to be colFee[ed 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 Borrnwer which exceeded permitted limits will be refunded to Borrower. lender may choose to make this refund by reduc~.ng the principal owed under the Noie or by making a direct Payment to Borrower. G. TRANSFER OE THE PRUPERTY tf there is any transfer of the property, including a transfer described in Paragraph ?7 of the Mortgage, Lender may require either an increase in the current Note inlerest rate, an increase in the Base Tndex figure, or a change cif any of the loan terms, as a condition of Lender waiving, the option to accelerate provided in Paragraph 17. fly signing this, Borrower agrees to ail of the above. }}ff~~ ~~;+ ~~'l i ~'~-~-~-~~`r'~ Borrower Charles Craig. ['90yer `•' 1 ~ ~ ~ i) t+ r~:,ri. ~~ R t.ea yer -"r^_Bor•rower