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<br />($,j-+JU;:Slti4 <br />ADJUSTABLE RATE RIDER <br /> <br />00824215-9 <br /> <br />~~ Tuee 1 9~3 <br />an-s AIUusr.~ 11.t\.:rE; R:II.ER is made w..is 2 (h. n day of ,J. , and is <br />inc:orpoJ:'lilt:ai :tnto aild shall be dOOlled to aMnd and supplement the Mn"tgage. Deed of Trust, or Deed to <br />~ Secuir:e J:ebt. (the ~Sl!OJrity mst:1::'tDent") of the same date given by the UIXiers:igned (tb:! ~Eorrower") to <br />secure Ilorttlller's Mjustahle Pa}'!lBlt l.lOte to G::maercial Federal Sav:lDgs ani lDan Association (the <br />'~") of l:he same date (the '1bte'") ani coved:ng the ~t)l described futhe Security 1nst:ralle:lt <br />and looated al:: <br /> <br /> <br />Island, ~$ebra$k.a 6MOl <br />~ Jidi4-essj <br /> <br />PROVISIONS ALLOWLlIlG FOR CHANGES IN THE I~:rEREST RATE <br />IF tIm I1rr.EREST R.../;.,TE INCREASES. THE BORROWER'S MONTHLY <br />BE HIGHER. IF TifE Itt'TER.EST R..<\TE DEC.REASES, THE BORROW'ER'S <br />MONTHLY ?A~MEN~S WILt BE LOWER. <br /> <br /> <br />,mm~ ~. In llldd:1tioo to the e~ a."ld ~ts lIaie .:ll:t the Sean:1ty lrlStrl..ElerIt. <br />~._.I.e.ttlder. f~~ .mx$..' agree.as f'o~: <br /> <br />A.Hfl'EImS17 RAn: AR\.'D-MONTm..'l Pl,.'lMEllIT C <br />n. .~'~i.IlillJ folt'. an im:t:ial..~.rate of Sect:iM 4 of . the ~te provide fot'. c~ <br />itnthe1nt~~ andthe.lD'lt.h:1y pIll)lllll!fits, as follO'll1lll1: <br /> <br />"4. IN'l1!:RESTR..>lTE AND MOf<"!'Hl,\' PA'.t::MEllIT C!iANGE$ <br />(A) Chang0 Dates <br />the rate of :!..m:er-cst: I will PIY.~. c~oo tl'e first: day of August 1, 1988 , and on <br />th!lt day ~t 60th !lI:'ath tl:'ereaft:l.\lr. Each date 00 .wl1ich my ntt:e of :f.iiEerest ~-----rs-calJ.ed. a <br />"~~te." <br /> <br />(>>) 'l'he, Index <br />~ 1Iiit:h the !'irst (~ l}J.t:e, tuy interest ntte will be based 00 an lr:J.ielc. The "I1:xIelc" is <br />the loeekly_~ :rtw en Uni.ted Sta.0!:5 Tr:eaaury oocut'ities a:ljUlJtoo. toa CODStant lIli!ttud.ty of 5 <br />~, .. ~. ~1'\l'lJ.1Li>bw. by tt.e Fedlilral .~. Board. 11'le llW:ll!Itrecendy availabJ.e L"Xlex: figure.ss of <br />the date 45 00,"' I2tt)A eecll Cho~ Duteb c.a.lled. the "(Jurroot!..l:1delt." <br /> <br />If the b!dex :k.1'l !Xl ~ ~. the tbt.e !bldw: will. dl'JOtle lit lleW iooex lohtch 18 ba.!Ied upc.n <br />~bleWOl_t:i.l:ll1.1m l'C.t;e ibldft..r \oIi,ll giVJ1:! me fecwe of ws deice. <br /> <br />(C) Calculatlun of Challgu <br />Wo.re ~.~ Chi~ tate., tlw }bte !hl.der will calCt.li;.te tuy new rate ()f interest by ~ 1. 900 <br />~~!Ot.llge ~n:im:'& . "l;")(l to the QJrrent~. n-e >lUll will be ~ nt,~ interest rate until the neltt <br />a-. i'ate. <br /> <br />The lOte lb~r wUl tmo ~ He'D1.nt of tre !tOOtht)' payment that \Q.1J..d be suff1c:Umt: tQ <br />~~, the wpIl1d pdnclpo.:l ~~ of .'rIl'f lam '( an ~ted to '.)W 00 tre Omlge rate in full 00 the <br />-.turity <:W.te ,it rleW rate Qfkltli!'re:llt In5l..ll:l8t:8ncLally equU payments, Iheresult of t.h:i.s <br />~til'.ll:l 1Iiill be tw..., .Da.lnt 1)f r!rf l'l'IXtthly p;1)"1lllll1t.. <br /> <br />(0) !\:[ft:!,ct he D.'lt:e of Challgn <br />My tlIi!liiI tate 01 in~t will. ~ eiflllCtive OIl ~ O'aJge lAiu;e. r Will pay the _ amount of <br />l1l'11U'lthly pi).. ",nch !ll:lDth ~~ 00. !.:.he first lIDnt.hly p.j'!1Blt date after the Qlarige !:Qte \lOtil <br />l::he llllD:dlt of '!I\)r l'l'IJIilli:hl)'fU~t <~ ~. <br /> <br />(1':) Noti,ce of <br />'ll:le ~, '~r or dd.1wr l:tj ;ze it ootice of c~!.n the i.Il'lDJI'1t. of my lOOnl:hly <br />ilIl)'lllOnt be.foal It:h! >effect1w datil! of 1"he IXlc.k;e iAclude wormat:too required by law <br />to be given ;ze al1d aloo dIe t:l. t.le aa! ru.mber of a j,el:'aon <..t1O will ~ any qtJeStiM I may <br />~ r~'lJ the t1l:<t1ce. ,. <br /> <br /> <br /> <br />R. CHARGES; LIRNS <br /> <br />Ih!fone ~nt: .. of the <br /> <br />4. Qi~; Wl!)iS. 1~ <br />,\U;tr~llll: -to ~ <br />~~or <br />mJ::h <br /> <br />ot'OOl: d~~, r:inl:ls and im:p;l&itio!::ls <br />fust~t, am 1~'l)1d <br />if oot in <br />lb~ <br />the e-~t :Iior:rower <br />such <br /> <br />~ ,(1$ <br />iAny <<dO!! t~';) r A'ft14'l' llfnll h-!l <br /> <br />nA.R ritt'," ~l!~ y <br /> <br /> <br />;' ~H~U <br /> <br /> <br />