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<br />r <br /> <br />~ <br /> <br />l.1NCOtN <br /> <br />83- 002777 <br /> <br />Loan No. "....5.321.8:,.l::lRm. <br /> <br />ADJUSTABLE RATE LOAN RIDER <br /> <br />NOTICE; THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS <br />A PROVISl:ON ALWW!NGFOR CHANGES IN THE INTEREST RATE. IN- <br />CREASES IN THE :fN'I'ERES'f,cRATE WILL RESULT IN HIGHER PAYMENTS. <br />DECREASES IN THE INTEREST RATE WILL RESULT IN LO\VER PAYMENTS. <br /> <br />This Rider is made this .",,,...lst,.u.... day of ..u.,u.JlJ.!:\e....U"u."d"umum' 19~J...., and is incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt <br />(the "Security Instrument") of the same date given by t.he undersigned (the "Borrower") to secure Bor- <br /> <br />rower's Note to "'''''''''''''dd'''''''''''''' ............"..."................u"... dd... ........."..""....""",,".'''.......m.....''.''m''''''''''',,... <br />,.FirsJ;"F.edaul, .S.81lingIL,ansL.l.aall, As 1lJ),c.:l.at .Lo.u..o f,. Li,uca).ll ~.,a,,!J.uitlld. ,,$,ta.t,e.a ..!:,Q,>'p'Q);a.U.Qn", <br />(the "Lender") of the saine date (the "Note") and covering the property described in the Security Instru- <br />ment and . located at d.32Q7...W.e.st..S.t.ate..."............".. "'''''''''d,.....,.GJ:and...J.sland.,.liebras.ka,.b,8.8.QL,,,..,,. <br />Property Address <br /> <br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- <br />rower and Lender further covenant and agree as follows: <br /> <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> <br />The Note has an "Initial Interest Rate" oL.....U_J.;;O,,, % <br />Interest rate changes may occur on the ]st day of ,.......u.....m......d......D_hd-r.." 19...&4. and on the <br />1st day of ....m".'..".....""..d""Ma..e.l;,,,......, ]9..&5.. and on the 1st day of .d.."....d....'.."d..Ju-ae".....".., 19,,~5, <br />and on the 1st day of ,,,.u,,.....,,.........,......,li&f>l;eJllhlH', 19.,.&5. and on those dates of those months in every <br />year thereafter. Each date on which the rate ot interest may change will be called a "Rate Change Date". <br /> <br />Changes in principal and interest payments to adjust amortization of the loan to correspond with <br />interest rate changes shall be made on the 1st day of .d......".........."..."dmS...~tem-OO!;..., 19,.a;;" and on that <br />date every '''._____... year(s) thereafter. Each date on which the princIpal and interest payment may <br />change will be called a "Pa)'IDent Change Date". <br />Changes in the interest rate are governed by changes in an interest rate index called the "Index". <br />Check OOx{es) to indicate Index. <br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all <br />Major Types of Lenders" published by the }<'ederal Home Loan Bank Board. <br />(2) Gl ,..\dJ~t..bJ.41."Rau..":iote...,,.. M.o.nt b..Lr.. ..>1e.cage.. .y.teld.. .0.0" U~S~,,:r~.eas>.U'.Y'.'''' ,,,. m, ,..'""" '" <br />Secur.t\;.J.!;lt.,~It)!,l,*.\:.\lg"J.9.. .~,,,<;'.9.!l1'J;;U1\:....ll!lg.l,\J;.~.~Y.., 9t,..~..Y!;.?f..Q.l,\!!\.t!?1w\1.J).Y.. .!;.l}~...X.!lg~.r:.4.t.~!~.;;,'AJ;y~...~gard. <br /> <br />Check OOx(oo) to indicate limits. <br /> <br />(1) 0 If t.his.OOxis checked, t.here will be no maximum limit on changes in the interest rate up or <br />down. Tho Preliminary Rate referred to in the Not.e, will be the new interest rate. <br /> <br />(2) 0 If this box is checked, the int.ere.st rate that I pay shall not increase more than ..........." <br />percentage points on any Rate Change Date. <br />(3) 0 If this box is checked, the interest rate that I pay shall not decrease more than ..".."..,........ <br />percentage points on any Rate Change Date. <br />(~) l:XI If this boJC is checked, the interest rate that I pay shall never be more than ..,l.4...QQD.... % <br />durirlg the ~riod I have my. loan. <br />(5) (j If this box is checked, the interest rate that I pay shall never be less than ...l.O..ODD,.., % <br />during the period I have my loan. <br />(6) 0 If this box is checked, the principal and interest payment that I pay shall not Lncrease more <br />than ."'......m.h.... percent on any Payment Change Date. <br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more <br />~n ,............"..... ~ei1t o~ any Payment Change Date. <br />The monthly payment amounts will also change on Payment Change Dates as provided in the Note. <br />Because payment changes may occur less often than interest rate changes and/or may be subject to certain <br />limitatiollS dt18tribed in the Note, the monthly pa)"Illents may be insufficient at times to pay accruing <br />inte~t. ~.. ~ch case, unpald interest is added to the principal balance of the Note and itself will accrue <br />~t thetel.l!ter. <br />-- <br /> <br />L <br /> <br />L <br /> <br />-1 <br /> <br />L <br />