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84~*"'' 001961 Loan No. ....S.Z1S5.:1-1fi..... ': ~ ADJUSTABLE RATE LOAN RIDER 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 FAYMENT9 This Rider is made this .._.13~?---....... day of .-...._....._._....~I?r~.......----, 1984..., and ie inoorperated 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 "BortrwreY') to eecuns Borg rower's Note to .......- - -......._.._...--- --- -- - -- ---- - .. ... .. ........... ....°°---.-.....°-°---°--....'---.w.......,.,.:_ First Federal Savings and Loan Association of Lincolna a United Scales co;poration. (the "Lender"} of thek l6mEas tt 7 (S ree t ~„} and covering the property deetxibed fn t~ Sec~ftjF I~xt/= ment and located at ----. ---__........-..__ ......................_....___._........ Grand..i4~a?la~..Ngbaekl--b88D~......._.. Property Address MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree ae follows: A. INTEREST RATE AN'D MONTHLY PAYMENT CHANGE6 The Note has an "Initial Interest Rate" of_----11.400....% Interest rate changes may occur on the 1st day of ...-_ .........................AugpsE -------~ 19.85.. and on the Ist day of ...............--.---.._..-. November-__-, 1985-- and on the 1st day of ---------......--.------February--., 19:.96. and on the 1st day oE ___._ ......................HaY......-...-._., 19..$4.. and on those dates of those months in ever}r year thereafter. Each date oa 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 correspond with interest rate ahangea shall be made on the Ist day of .-..---------------.---------May----------.....-, 19.56... arul on that date every . -.-----'.. -. year(s) thereafter. Each date on which rho principal and interest payment may change will be ca)led a "Payment Change Date". Changes in the interest rate are governed by changes in an interest rote iadez called the "Indez". Check boz(es) to indite Indez. t 1) ~ "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for alt :Major Types of Lenders" published by the Federal Home Loan Bank Board. (3) ~ Acijuaxable..)ba[e-.tlate._---Mont:hly.-.axerage.-yield...aa..A...Sn..xreas~ry...S~ecuxi<t.~.tis... as Sus led.--t Q-. a..-cauataat.-matur.itY-. u-f..1..ysax.- puh.llshed..bx..-the..)adtizal_ Reaerre.. Baaicd.~.• ................ Check box(es) to indicate limits. f I) ^ If this boz is checked, there will be no maximum limit oa changes in the interest rate up or down. The Preliminary Bata referred to in the Note, will be the new interest rate. t'2) i_] If this boz is checked, the interest rate that I Iwy 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 ..13.95.Q....% during the period I have my loan. (5) CgJ If this bo: is checked, the interest rate thai I pay shall never be less than ..II...._.........% during rho period I have my loan. tfi) L~ If this lwx is checked, the principal and interest payment that I pay shall not increase more than . _. .._ _.. percent on any Payment Change Date. (i) ~ If this box is checked, the principal and interest payment that I pay shalt not decrease more than ._.-_....___._ percent on any Payment Change Date. The monthly payment amounts wit! also change on Payment Change Dates as provided in the Note. Because payment changes me occur leas often than interest rate changes and/or may be subject to certain limitations described in the Note, the monthly pa ants 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 inte:r~t thereafter. H~„~ ~ U i l_._.