|
Loan No. .....54.kG.I-h-3.8.....
<br />ADJUSTABLE RATE LOAN RIDER
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHFCH CONTAINS
<br />A PROVISION ALIAWLNG FOR CHANGES IN THE INTEREST RA'Z'E:. IN-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGIiER PAYMENTS:
<br />DECREAf7ES IN TITE INTEREST RATE WILL RIt;SULT TN I:OWEIt PAYMENTS:.
<br />This Rider is made this ...._._..1~1~?..._-- day of .............._..._...."'~.._..._., I9..j}9._, and. is incorporated
<br />into and shaIl he deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to 3ecuti'e Debt'
<br />(the "Security Instmment"} a# the same date given by the undersigned. (the 'Borrower") to secure Bor--
<br />_-
<br />~yver"a $Totde to ...._. ....... - - • ---_...._......._._-° ............................ - ~ -- ------•--
<br />zrst a eral Sav3:iigs and~Y.oa~ Ass©ciatian of Lincoln, a Untte - rates corporation-
<br />.....
<br />{ the- "Lender"} of the a dat~ {the "Note"} and. covering the property described m the Security Inetru-
<br />k Lar at Court _ .._ _ Grand,-ZSlandi,_hehraskn 6$$OT
<br />merit and located at -..- - •--...-- -...._ .. .................. ------__---°---•
<br />Property Address-
<br />iIODIFIGATIONS. In addition to the covenants and agreemonts made in the Security Instrument, I3or:
<br />rower and Lender further covenant and agree as follows:
<br />A. TNTEREST RATE AND 11iONTHLY l'AI'RTEN7' CHANGES
<br />The Note has an "Initial Interest Rate" of-.-.._i1-400 .~
<br />Interest rate changes y occur on the 1 t day of ............... .......J'fly...... 19..85. and on the
<br />1st daq of ............_.. ..... - ~c sober --.., 19.8.._ and on the 1st day of ............ .. January, 19 86
<br />and as the 1st day of .._ ._ ........... ...AR.~i.l.........., 19..8fz-. and on those dates of those months' in every
<br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date'..
<br />Changes in principal and interest payments to adjust amortization of the loan to rnrrespond with- --
<br />interest rate changes shall be made an the let day o# ........................-.°-..Agril,-..._._..-, 19H6... and on.that
<br />date eveay .- .--:---'.... year{a} thereafter. Each date an which the principal and interest payment may
<br />change will be called a "Payment Change Dnte".
<br />Changes in the interest rate are governed by changes uz nn interest rate irides called the "Index".
<br />Check lwxi~} ta.indicate Index,
<br />(t} f ; "'Contract Interest Rate, Purchase of Freviausly f}ceupied FIam~, National. Average for all
<br />blajorTypes of Lenders°' published by the Federal-Home Loan ELxnk Baarkl
<br />(~} ~ Ad,tustable..~?:Q..~?4~e..-- ;lQtlt!#~Y ~Yeragg-.y~e~d ap tt S T;ead4~Y ~ecixxitie$-..
<br />ad jested to a c anatnnt a<aturity,- a, 1, year„pub211st~ed_, by-..the, Federal., ftesezye $oaxd ,._,,._,._.-
<br />Check-hpx(~} to iztdisytte limits.
<br />(1} ~ j If this hox is checked, there will he no mazimum limit an changes- in the. inteiest rate rip or.-
<br />dawn. The Prelinsiaary Rate iefezred to in the Note, will bo-the :sew intert~t rate:
<br />(~} [] If this. hex fs checked, the interest rats that I pay shall not increase- more -than ................._.
<br />percentage points on any Efate Change Date.
<br />(3} ~ T# this boa is checked, the interest rate that I pay shall not decrease more- than ..._.._....-.._.,.
<br />pe~reentage points on any Rate Change Date:
<br />(#} ~ If this hox is checked, the interest rate that I pay shall. never he: more<thaa ..J.3.,,2~9;,...~
<br />during :the period. T have my lean.
<br />( } ~ If this box is checked, the interest- rate that I -pay shall never be l~s~:thaa ,_fl:.,-,,._...,..~,
<br />during the period I have my loan.
<br />(6} ~ If this hex is checked, the principal and interest payment that T pay shall not increase mare
<br />than .,.............._.. percent an any Payment Change Dnte,
<br />(7} ;"~ If this boa is checked, the principal andznterest payment that I pay shall not decrease more
<br />than ._..._ ............. pererni: an any Payment Change Date.
<br />The ~atlilillr ppaayment amouata wifl also change on Payment. Change. Dates as provided in the, Note.
<br />Because palrtn~t chatsges may occur laze often-than interest rate.changes sad/ormay he subject to certani
<br />limitaticana desenbed in the Note, the monthly payments may be insufficient at times to y accruing
<br />interest. In aueh case, unpaid interest ]s added to the prmeipal balance of the Note and itself vrill accrue
<br />intemst thsrea#ter.
<br />r+~ ~
<br />L._~_
<br />
<br />
<br />
|