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<br />r <br /> <br />ADJUSTABLE RATE RIDER <br /> <br />83-Q04011 <br /> <br />0060096- 3 <br /> <br />.. <br /> <br />1HfS ~ lW.'E llllJlR. ia made this 29th day of July 1983 , and ia <br />1.oliiOI~.:Into and..sh8ll be desed. to -n. and supp1aDeDt the ltIrtgage, Deed of Trost, or Deed to <br />S8cu\:la Dek. (the "Sec:urtty~") of tbe88lledategf._.b)i' thel.lDltersiglled(the "llom:lwer:") to <br />8llQft ~s Mjl>>tah1e~mte to~ Federal. Sav11wI and lDsn. .A.,~.n,"f"HI'"(the <br />~)ofthe _date (the"lbte'") and cowrf:Dgthe J:ll'OllettY cleec::r1bed in the. Sec:ut1ty Instr\8alt <br />_..~...; <br /> <br />43:.l4 llla..valt Rd, Gr.,nd Island,. Nebraska 68801 <br />. . ...... ... <ProPirtY ~) <br /> <br />~ _~CON'1'lINS PROVISIONS ALLOWING FOR CRANCES IN THE INTEREST RATE <br />~1 5 YEAltS. ttTHEINTEll.EST RATE INCREASES, THE aoRROWER'S MONTHLY <br />PAYM'El.'lTS WILL BE llICHER. IF THE INTEREST RATE DECREASES, THE BORROWER~S <br />MONTHLY PAYMENTS WILL BE LOWER. <br /> <br />AJl1l'1'lIBL~. In addit100 to theCOllelBltSand agree.DE!QtS 1IlSdein the Security Jnst:ruBu:, <br />JJom:8r md !..eIllleI' furtber COlI88lt md agnoe as ~: <br /> <br />A. INTEREST RATE AND MONTRL Y PAYMENT CHANGES <br />'11liJlbte ..~... for 8It initial interI!st rate. of 1 Z . 125%. Section..4 of the Ibte provide for cbatl&es <br />intblt:1.m:enst rate and. the llIlI:lthly pIlJII81tS, as fOllOiii: <br /> <br />.. 4. lNTRltEST RATE AND MONTllLY PA!MENT CRANGES <br />{A) Cba~e Dstes <br />'1ba Tate of 1ntealer I ,au l*Y my ~ on the first day of ~bl"t" 1, 1988 , and on <br />tlat day -.q. 60th 1DJl:h.. t.llo4Mfter. EaI::h due on .tob1ch Dl1 rate of could ~ is callEd a <br />"a-ge DIta. .. <br /> <br />(8) The Index <br />~ wttn the first Olsoge tate, Dl1 1nl:.erest: rate will be based on an Index. h "Index" is <br />tbe WI!II!!kly -. yield on I.b1ted States Treasury -=1ties adjusted to a coostant maturity of 5 <br />)'e8Elt, as ..se ava:Uable by the ~ RiIIeerve llormi. The_t recm.tlyavaUable Index figure as of <br />the. date 45 ..,. before ellCh Cbqe lata ill cal.led the "Q1rrent Indelc. ,. <br /> <br />If the Index J.Jl llD loqJer -uahle, the !bte Halder will c.h:loE a tllI!W i.ndBt ..tUclI is based upcn <br />~I:lh~, The Ibte lb1der will g:l.ve me totice of this cloic:e. <br /> <br />(C) Calculation of Chanaes <br />lliI6:la -m a.... n.ce, the !bte !bld<< will calculate lU'J tllI!W rate of inl:erest by ~ 1 .900 <br />~ poUlta (i. too %) to the Q.cnrlt. Inlet. Tha sua will be IItf tllI!W interest rate until the next <br />a-.1lIIte, - <br /> <br />'lba.lbte ~ will tbIIll ~ the ~ of the llD1thly pl~ tblt \QI1d be 8Uff1c:ie.nt to <br />rept1 the \qlBJ4 jlIt'1:d.pU bIl.4uce of I1tf loen I .. tllXpICted to ~ on the a-. tate in full (XI the <br />ll!Ittll!r:'il::y dete. at =.r _ rete of inl:e!:'ellt 11:\ ~y eqya.l~. Tha ruult of this <br /><:.''''11att~ wtll be the _ -.at of ., <IlI:l1thly ~. <br /> <br />(1)) Effective Date of Chlllllu <br />~ _ r:ue of 1nc.-t wUl beooa eftective on oIICb ChIIllp. Ilate. I wUl pay the 1__ -m of <br />19 ~ ~ ~ lU&b ~ on the fint -auy IWI~ date after the a.we tate I&1til <br />tl:wt __ of ll\r lIPlthly ~ ~ aptn. <br /> <br />(E) Notice of Changes <br />n. !bte It;)ld<< wU1 .u or' deUYC to _ a wtic:e of aD)' ~ L'l. the aIlIlUIlt of ~ lIXXlth1y <br />~t llefl:a the effecUw date of <IQ)' <:hJqe. The tV)t1at will Laclude Womat.I.al requirEd by law <br />to be &1_ _.- alwo the title.- ~ l"UllbeI; of a plI1"IIOrI ..to wU1 ~ 8CI.'J queation I aay <br />IwN ~ the ~.- <br /> <br /> <br />a. CH4lG!S;LIEtfS <br /> <br />ll11fCIIIl ~ 4 of the.s.:urtty ~ is -*i to raid as fo.ll.clloe: <br /> <br />4.. 0lIIIailS. tJ:llHS. ~ lIbIll pay All ~,"8'1I orA, mi other <:hfu:1Ies. fines and illIpJ8itiooll <br />~ to the 1'Npcty;.tUch ., attain a priority 0WIr this Secu1ty ~, am l.etuJeb:lld <br />~. aroum! tWlt5. if allY, ill the ~ p;odded ... parlIF8Ilb 2 henof 01:, if not pa14 in <br />..... __. btr ~ l'llIIlWlg.!'&"", wbIo _, c:linctly to the pa)'llle thereof. !klrroo.1lr shall <br />~. . .............. ftnUh. . to ~ aU not.1t.:;es of ~ _ l.IQiar: this ~, and in the lMllIt ~ <br />.-ulllli!la {lQlelt <l1rctl,y, ~ stall ~y fumi.&h to ta1der receipts ~ such <br />~.... ~ au ~1 ~ aay 11al .'*dch '- pdortty 0WIr the Security Ins~ <br />~. tbat ~ llball not be requ1nd to <i1rIcI'eqe any such lien so 100& as 1bm:MIr; <Il) shall <br />.. 1n Iold.tilI& to tlw ~ of tbIo. <>111 ~tf.on secur:ed by such lien 1i~ a ___ acceptable to <br />r--.... .;. .(It). sbIJJ.. u. . . . ia lOQIl. fUth. coateIIt such lieo by, or data lllI&in&t- l!I.lfo~ of such lien in, <br />19l~~ Ul the opUWln of !..eIllleI' operata to paMill1t the enf~t of the lien or <br />~Q( .~..~ Ol: 1Il'lY part ~; or (c) au sa;:ure fraa the holder of such lien an <br />,,7 .. .,.jaa t'Qtilllllt1sfll:~ to UiPl8t ~t....~j'\l such lieo to this Security Ins~. <br /> <br />1(.. ~~_ tbec.. aU ... IIIJ1 pIft of the ~ is subjec.t to a lien ..tUclI lIB}" attain a <br />~q ~. ~ ~, UInllI: libaU seal ~ llDtice ~ ~h llAm. ~ <br />~.~ ~u. Ol' ... _ or lIIIll"& of the.actiiJQa set fanh above within ten days of the <br />._.Qf~..... <br /> <br />C.' ....ItU~. <br /> <br />~~GI;i9:L)'~of the~ ~ ia -u.l to rIlId as fo.ll.clloe. <br /> <br />....... IlOt.b ~. ... <<wH<;ab1. leli. to be &1_ in lII1Ot.lwr _, (4) !lIlY <br />ti,L. .. . .... ... .. for. m the ScuI:1t:y ~ llball be g1_ by deUftrq it or by <br />It< bt. f c1td.u ~ to ~ lit the l'topetty Mdress or at such <lddrMll as <br />~"'''''br ~ to~... ~ 1lmI1A, am (b) &l)' tV)t:ke to Li1ltder !!ball be <br /> <br />~'t':uu. un IU.l)Q :> ilWt ~lJa'i 1!1~X- 1-4 falll.Ll1 (N<;. C;tp) ~itied )183 <br />