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<br />g4,,~.•~'o o i o s4 <br />R I D E R <br />NOTICE: THE MORTGAGE SECURES A NOTE WHICH CONTAINS A <br />PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. <br />INCREASES IN THE INTEFEST RATE WILL RESULT IN HIGHER <br />PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN <br />LOWER PAYMENTS. <br />This Rider is made this 1st day of March 7984 ,and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage of <br />even date and attached hereto given by the undersigned (the "Borrower") [o <br />secure Borrower's Note to The First National. F3ank of Grand island <br />(the "Lender") of the same date (the "Note") and covering the property described <br />in the Mortgage and located at See Exhibit "A" <br />Route 3, WoodiZiver, NE <br />roperty 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 11.75 u. The Note <br />interest rate may be increased or decreased on each Change Dale, 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 One <br />Year United States Treasury Securities ad~us e o a cons an ma u y <br />o ne ear. <br />determined in the second calendar month <br />preceding each Change Dale. Such ~hanc~es in interest rate will occur <br />on The.First of February Commencing February 1, 1986 <br />Increases and decreases in the interest <br />rate are limited to a change of 2 °, each Change Date. <br />If the interest rate changes, the 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 to a <br />law 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 />then: (a) any such loan charge shall be reduced by the amount <br />necessary to reduce the charge 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 Nole or by making a direct <br />payment Co 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 change of any of the loan terms, as a condition of <br />Lender waiving the option to accelerate provided in Paragraph 17. <br />By signing this, Borrower agrees to all of the above. <br />1 {~' P <br />pf ~ ~- <br />Robert A. Wiles Borrower <br />`Nadine L. Wiles Borrower <br />