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ADJUST.~LE RATE RIDER l3-oo 3(, S'/nOSQ952-2 'IHIS ADJUSTABLERA1E RIlER is made this 11 tn day of Julv 19R3 , and is iDcorporate:Lintoand sOO1lbe deemed to anend and supplement the MJrtgage, D=ei of Trust, or D=ei to Secure rebt. (tl~ "Security .Inst:nInent") of tl:e.same date given.by tl:e undersigned (the "Bo~") .to secure Borrotoa:-s. lldjustab1e Payment rote to Ccmoercia.l Feieral Savings and Loan Association (the '1..ender") of the same date (the "Note") andcover:l.Ilg the property described in the Security Inst::runent and.locat:ed ..at: 200'lWestJohn,..Crand Island, Nebraska 68801 (Property.. Address) TBE>NOTECON'l'AINS PROVISIONS. ALLOWING FOR CHANGES IN THE INTEREST RATE EVERY 5 YEARS. IF Ttm INTEREST RATE INCREASES, THE BORROWER-SMONTHLY PAYMENTS. WILL BE HIGHER. IF THE. INTEREST. RATE DECREASES, THE BORROWER-S MONTHLY PAYMENTS WILL BE LOWER. AJx)ITI01'~L.. COVEN\NrS. In addition to.. the .. covenants and agreements made. in the Security Instrunent, Borraoa' and 1.eoo& further covenant and agree as fallows: A. INTERES!RATE AND MONTHLY PAYMENT CHANGES '!bal'bte p:rovides for an initial interest rateofll. 375 %. Section 4 of the Note provide for changes in the interest. rate and the monthly }nyments, as follows: "4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates 'The rate of interest I will pay may change on tre first day of September 1 198R ,and on that day evet'Jr6Oth month thereafter. Each date on Wich my rate of interest could Change is called a "0w1ge Date. .. (B) ThE~ Index Begirl'l:l11g with tre first Olange rate, my interest rate will be based on an Index. The "Wex" is the weekly avex~age yield on United States Treasury securities adjusted to a constant maturity af 5 ~s,as madE~ .M1i.lab1e by the Federal. Reserve Board. The most recently available Wex: figure as of tre date 45 daY!1 ware each Ulange Date is called the "Cltrrent Index." If the Illdex Is no longer avail.aliI.e, the Note Holder will cOOose a new 1ixiex r.trl.ch. is based upon canpElI'ableW()1:mation. The Note !blder will give me r:otice of this croice. (C) Cal.culation of Changes BefOtli!i eac:h O:limge Date, tre N:lte !bIder will calculate my new rate of interest by ~l . '100 petl::ent:age pcUm:s (l. <H'lO %) to tre Cltrrent Index:. The sun will be my new interest rate until the next ~ Date. - 'Il1e 1'bte Fblder will then determine tre aavunt of the monthly J:ayment that '-'OOld be sufficient to repI1)' the unptIwi pr:toclpal ba.lan::e af my loan I an expected to awe on tre 0laI1ge rate in full on the maturity date at ~, new rate of interest in substantially equal payments. The result of this calculation wiU be the new allXlUnt af my mcnthly payment. (D) Effe,ctive Date of Changes My new rate of interest will beco:De effective on ....ach Olange rate. I will J:aY the new atOOunt of my \II)I1thly }n)'lIIli!l1t each month begi.nn:ing on the first llXXlthly payment date after tre Olaoge rate until the <1IlWnt of 1m" monthly }nyment changes again. (E) Notilce of Changes The N:lte: Iblder will mail ar deliver to me a notice of any changes in the atOOunt of my monthly payment befOl:e the effective date of any change. The notice will include :lnformatiro required by law to be given me and also the title arxi te1e~ne nunber of a person lobo will answer any question I may have ~ tre notice." B. CHARGES;LIENS Ihifotlll. Coveoant 4 of the Security Instnment is ameroed to read as follows: 4. CEIAR.GES; LIENS. Bo~ shall }ny all taxes, assessnents, am atrer charges, fines arxi :iJnpJsitions att:ributable to the Property which may attain a priority Oller this Security Instrunent, ani leaserold pa)'llle11tS or gt'Ouod rents, if any, in the manner provided under paragraph 2 hereof ar, if not paid in such mamer,b)i' Bo~ ma.king payment, when due, directly ta the J:ayee thereof. Porraoa' shall pra:aptly futnish to LeOOer all rotices af aIll)uots due unier this paragraph, am in the event Porrower shall. make P'JL)'lllellt directly, Borrower shall pranptly furnish to Lender receipts evidencing such }n)'lllE:l1tS.Bot'r(~ shall pranptly discharge any . lien which has priority over the Security Inst:runent prol7ide.i, thatBorro~ shall rot be required to discharge any soc.~ lien so loog as Borro~; (a) shall agree in writlIlg to de }nyment af tJ:e obligation secure:! by such lien in a lllaIlIler acceptable to l.eoder; (b)..sna.U in good faith cantest .such lien by, ar defend against enfarceo:ent of such lien in, l~~Yli:rl.cl1in the opi:nion af Len.:1er operate to prevent the enforc6IB1t af the lien or forfeiture of tl':e Property ar any part: thereof; ar (c) shall se.curla iran the holder of such lien. an ~ .in. a ..f011lt satisfactory to. Leoder subordinating such lien to this Sec:urit'j Jnstrul1ent. If.l.el;xi.er tret:e:rm:i.nes that. all. or any part af the Property is subject to a lien wmch may attain a ~t:yOYIilr.~tyInst~t, I.eoder. shall sero Borrov.e:' noticeidentifyitlg. such lien. Borra\\er ~sa.:tisfy. s\.J:;.h lien ar take ane ar !IDre .of the actions set farth above w:l.th1rl .ten da)'$ of the gi~ aftl8tice. C~NO'1:+.cE ~Xlll/O:lv~~ 14of~..~itY Jnst~..U>. ~.. .toreaq as follO'<oll: l~~~t.i~,~~~~ f(>>:at'1.Y inoj;.igereq,*edw;i1i!I' applicabl.: la""to ..l:Je.. given in ~~~t:QB!;)~~. pr~. for. it\ t:~~:!,ty lnscIUJleP,tsha11 regiVen ~frl.1~.ithj1' f:l.rS~ ~mail~~to oo~>at tl1ePropertY .<\I.idress or &.>~.m!!'.l d~~j~~.bYl:k;\ttqe ta 1.ender .\'lspro'iTlded herE-J.p" <.u"Xi (b) any to '.i -4 Family No Cap) Modified 5/83