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r 84 -"R OOi790 Loan No. ....,57.543.~].wi&••••. ADJUSTABLE RATE LOAN RIDER NOTICE: THL SECITRITY INSTRUMENT SECURES A NOTE WHICEi CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTER'!' RATE:. IIiI~ CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PiF', _ DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAY14111f3 This Rider is made this _.--.St.11-.-.---..-- day ot .....................Ap~j.L._...°--°, 19.89..., a~ is ittstarpsratvd= intn and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Dead to Sewn Debt (the "serurity Instrument") of the same date given by the undereigned (the "Horrowbst`j ba aacvre Bar- myrer's Notes to .......---°-°---- '- - -- ...._..........-- ----._._..---•-' - ................._..........._.....~_....................,..._....::. Pirat Federal Savings-and Loan Association of Lincoln, a Onited States co ores;ioa (the "Lender") of the same date (the "Note") and coverin the g t?~Y descrihed in-tits 8rdteity ItitNza'aP meat and located at -121 East 11 ..............._.-_.-.Gr~Pdl.. Ig~AR54,..~4~~~ff1541..~.$.8(1`~r.........,. . _ - .. Property Address MODIFICATIONS. In addition to the covensnta and agreements made in the Secueity Instrument; Bow rower and Lender further oovensat and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Notes has an "Initial Interest Rate" ot._---2.1.!?Ua....~o Interest rate changes may occur on the 1st day of ------------------------------ A!!81!$S..°---., 19.$S.. and otl tbs 1st day of -_ .-..- ..--.--_..._..._. Noyember._. 195__ and on the 1st day of -_------..---.--°-- Fe_l??:lta?cY..„ If).:#~!. and on the 1st day of ..-----------------...-.. NgY..._---_.._-, 19 K6.. and on those dates of those months is wsl~ year thereafter. Each date on which the rate of interest msy change will be called a "Rate Change Dab". Changes in principal and interest payments to adjust amortization of the loan to oorraspand with interest rate changes shall be made on the Ist day of .---...----..._ ...............MaK...._...._.._., 198fi... and on filet date every ------- year(s) thereafter. Each date on which the princtpel and interest pymertt may rhange wit! he called a "Payment Change Date". Changes in the interest rate are governed by changes in an interest rate indez called the "Irrdez". Check bozl~) to indicate Indez. (1) `_; "Contract Interest Rate, Purchase of Previously Occupied Homes, Nstioml Average for sU Aga jor Types of Lenders" published by the Federal Home Loan Bank 13osrd. (2) try '±~.iu$b.~b~g.-RaSe..v4F.~.--.1"~.~~C.h~lY--axe.~asg Y.LEI.A...ea.U.:.$.~...TSeasuxY...S~~.ug~x~.~at... adjusted to a constant..metu{itg._of .!_,y~,~,r..puk~I&hgd-..b3:...4k1~..1'Rd@Kai..R~#eSvg..B9,L1.F4l.s..,-.-.._.....,.. Check bo:I es} to indicate timita. (1) ~ If this boz is checked, there wiN be no mazimum limit on changes in the interest rate np or down. The Pmliminary Rate referred to in the Note, will be the new interest rate. t2) [_ If this bas ie checked, the interest rate that I pay shall not increase more than .................... percentage pointP an any 12ate Change Date. (3) ;~ If this boz is checked, the inter~L refs that I pay shall not decrease more than ...-..-.__-.-_.-.. percentage points on any Rate Change Date. f4} f~ If this 6oz is checked, the interest rate that I pay shall newer be more than ..13.~.R5D.....~, during the period I have my loan. (6) ~ if this bo: is checked, the interest rate that I pay shall never be lees then ..D..,.._.-..-_..~ during the period I have my loan. (8) f^ If this bo: ua checked, the principal and inteceat paymenC that I pay shall not increase more than percent on any Payment Change Date. (7) ~ tf this boz is checked, the prnopal and interest payment that I pay shall not decrease more than ._.. ___-.-.... percent on any Payment Change Date. The monthly payanent amounts wit) also change on Payment Change Dates as provided in Ltte Note. Btetwuae pavmmtt changes ma occur less often than interest rate changes and/or may be subject to certain limitations destxibed m the Note, the monthly pavnuxtW ma be insut6cient at times to y accruing interest. In sash case, unpaid interest is added to the principal balance of the Note end itself will accrue interest thereafter. i'.u.n WA u