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<br />R I D E R $~.fiQl0~4; <br />NOTICE: THE MORTGAGE SECURES A NOTE WHICH CONTAfNS A _ <br />PROVISION ALLOWING FOf2 CHANGES IN THE FNTEREST RATE. <br />INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER <br />PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN <br />LOWER PAYMENTS. <br />This Rider is made this 24th day of February , 19 84 , and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage of <br />even dale and attached hereto given by the undersigned (the "ROrrower") to <br />secure Borrower's Note to The P'irst National Sank of Grand- Tsl~and <br />(the "Lender") of the same date (the "Note") and covering the property' descrrbed <br />in the Mortgage and located at Rural Route, Cairo, Nebraska 68824. <br />(Property Address <br />Modifications. In addition to the covenants and agreements made: in the:-- <br />Mortgage, Borrower and Lender further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note has an "Initial Interest Rate" of 71.75 5• The Note <br />interest rate may be increased or decreased on each Change Date; as <br />described in the Note. Changes in the interest rate are governed by <br />changes in an "Index." the Index is the WEEKLY AVERAGE YIELD OF ONEY <br />YEAR UNITED STATES TREASURY SECURITIES AD <br />_OF f1NF YEAR <br />determined rn the second calendar month <br />preceding each Change Dale. Such changes in interest rate wilt occur <br />on Februarv 1 1986 and annually thereafter. <br />Increases and decreases in the interest <br />rate are limited to a change of 2,0 "-„ each Change Dale. <br />If the interest rate changes, Che amount of Borrower's monthly <br />payments will change as provided in the Note. Increases in the inter- <br />est rate will result in higher payments. Decreases in the interest rate <br />will result in lower payments. <br />B. LOAN CHARGES <br />It could be that the loan secured by the Mortgage is subject Io a <br />taw which sets maximum loan charges and that law is interpreted so <br />that the interest or other loan charges collected or to be collected in <br />connection with the loan would exceed permitted limits. In this event, <br />[hen: (a) any such loan charge shall be reduced by the amount <br />necessary to reduce the charye to permitted limit; and (b) any sums <br />already collected from Borrower which exceeded permitted limits will be <br />refunded to Borrower. Lender may choose to make this refund by <br />reducing the principal owed under the Note or by making a direct <br />payment to Borrower. <br />C. TRANSFER OF THE PROPERTY <br />If there is any transfer of the property, including a transfer <br />described in Paragraph 17 of the Mortgage, Lender may require either <br />an increase in the current Note interest rate, an increase in the Base <br />Index figure, or a chan~µ- of .ury of thr loan terms, as a condition of <br />Lender waiving. the option u, accelerate provided in Paragraph 17. <br />ey signing this, Borrower agrees to all of the above. <br />-T~1~~t~ta5 H. tmerton ~y~Borrower <br />_{~. <br />,: _ <br />$"`~e'anne L. Emerton^ Bor-r-ower~ <br />