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84 --001956 Loan No......~~r~}6-1-~d....• ADJUSTABLE RATE LOAN RIDER NOTICE: THE- SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE.- II+f- CREASES IN THE INTEREST RATE- WILL RESULT IN HIGHER PAYMENTS. . DECREASES IN THE INTEREST RATE WILL RESULT IN IAWER, PAYMET3T$ This Rider is made this ..........13th.-,-. day of ..........~i:1 ........................ 19 $4-.., and is inoargornted into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Iked to Secure-Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to ascots'=TIC rower's Note tO -- -°°--'--- _,..._....-- ----..°°°--...--'° --------°---° ................•-..........-•-.....-.....:......--...........s....,:...:..... First Federal Savings and Loan Association..of._Lincoln-,.-a-United,_$t~t~~,-fiQ~gQ~p~;,gp;•„ ( the "Lender") of the same date (the "Note") and covering the property deatgibedut 1~t Sscueffty 3ndEt~=: meet and located at ,1115 South Lincoln--_.--_.--._.--__.---._---_.~~~.Zeland,..Ne.haaaka.:b88i11_......... Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Tnetrrment; Borg rower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of_....L1r.4QQ.-..% Interest rate changes may occur on the 1st day of .._ ...........................Auguxt........, 19.85.. and on he 1st day of .....--_---------------------N9Xembec...-, 19$.x_. and on the 1st day of ....._-.------•--------P.ebsnax7t_.., 19.$b.. and nn the 1st day of -_.......--._.-_.........__ MaX.....-.._....., 19.8.6.. and on those dates of those months in evee~ year thereafter. Each date on which the rate of interest may change will be called a "Rate Change lkte . Changes in principal and interest payments to adjust amortization of the loan to oorreepond with interest rate changes shall be made on the 1st day of -------------------•.--.--.-.May.................., 198b.... and oa that date every _.'-"--'..... year(s) thereafter. Each date on which the prinwpal and interest payment may change will be called a "Payment Change Date". Changes in the interest rate are governed by changes in an interest rate index called the "Index". Check hos(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) ~] ?!dlutzl-bla..Rate..HA.te.--..ltan2hly..avazage..yield_on..J1.S...T.ceasucy...5ecur3tiea... adjusted-- to_a.- conrEHpk-.!aaturi.ty..Q7f..-1_.yeac.-P+dished..by...[be..Pederal..ReserYe..Hoard........-..._....... Check box(es) to indicate limits (i) ^ If this box is checked, there will be no maximum limit on changes in the interest rate up or down. The Prelinunary hate inferred to in the Note, will be the new interest rate. (2) ^ If this box is checked, the interest rate that I pay shaA not increase more than .................... percentage points on any Rate Change Date. (3) ^ If this boa 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 .13t95II.-~~~% during the period I have my loan. (5) ®If this bo: is checked, the interest rate that I pay shall never be lees than .0 .................% 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 mom 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 ma occur leas often than interest rate changes and/or may be subject to certain limitations described in the Note, the monthly Pa ments 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. Fbrm EL13 u L ~ ~ ~