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Loan No....°566,21=-118-•-•- ADJUSTABLE RATE LOAN RIDER N ~4- i:iO1060 NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this ...1st.---.- y of ---.._ M~~?......._ ............... 19.$4-.., and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to'Secure-Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor- rower's Note to .. ....................°- ----...• -.._- ...°- ---°------ ----- • --- ------ °--..-.....--•°------°--------•--°--•-•---••----•---....:..::• First Federal Savings -and-.Loan Association- of..L3ncoln~--a-_United: Slates;;cQrpgrati,o~:-- (the "Lender") of the same date (the "Note") and covering the property described iri the Security Inatru=- ment and located at . 2318._Vandergrift.._---_._.-_..-.-_-.,,_._,-_-.-_..Grand..island.,..IIehraska-b8801..----;__ Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument; Boe+: rower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of.-.....11.500----% Interest rate changes may occur on the 1st day of ___.._.-.._.°---------------M~x€h----.----, 19..$~-• and on she - 1st day of ----------------.---..----_---September-, 19-$~--- and on the 1st day of .-_.---_.-----------...-Maxsh-_-.-----, 19__#fi_: and on the 1st day of ..._...__.... ---Septglgb.€x., 19- $~Z.. and on those dates of those months in everq ------------- year thereafter. Each date on which the rate of interest may change will be called a "Rate Change :Date". Changes in principal and interest payments to adjust amortization of the loan to_correapoad-with: interest rate changes shall be made on the 1st day of ._ ................_......._._March.__.-_...., 1985--. and.on-that date every ....---.----.._.. year(s) thereafter. Each date on which the principal and interest payment tndy change will be called a "Payment Change Date". Changes in the interest rate are governed by changes in an interest rate index called the. "Ii-de="r' Check bon(es) to indicate Index. (1) ^ "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for -all"- Major Types of Lenders" published by the Federal Home Loan Bank Board. (2) ® _asi,7astable..Ant-a._Nnte..-..Manthly..axeLage...yfield..nn-.D-..S...Tzeasury.:-SecuciZie.s-_: adjusted_ts. a..~vasSa<nk..WakuxztY.-Q£--l..y-Ear.._pvblishe:d...by...the._1:rderal_.Aesr..axe-.board..---------•------,- Check box(es) to indicate limits. (1) ^ If this box is checked, there will be no ma~mum limit on changes in the interest rate. ;up;or . down. The Preliminary Rate referred to in the Note, will be the new interest rate. (2) ^ If this box is checked, the interest rate that I pay shall not increase more than .................... percentage points on any Rate Change Date. (3) ^ If this box is checked, the interest rate that I pay shall not decrease more than .................... percentage points on any Rate Change Date. (4) ®If this box is checked, the interest rate that I pay shall never be more than. ..l;,.gsp....% during the period I have my loan. (5) ®If this box is checked, the interest rate that I pay shall never be less than -.&.-000•-,.---% during the period I have my loan. (6) ^ If this box is checked, the principal and interest payment that I pay shall not increase more than ....._ ............. percent on any Payment Change Date. (7) ^ If this box is checked, the principal and interest payment that I pay shall not decrease mote than _____..........__ percent on any Payment Change Date. The monthly payment amounts will also change on Payment Change Dates as provided in the Note. Because payment changes may occur less often than interest rate changes and/or may be subject to certain limitations described in the Note, the monthly payments may be insufficient at times to pay accruing interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue interest thereafter. Form S43 u ~~..,