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<br />83-t)04253
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<br />Loan No. ......???6J::,~::J~L.,
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />~.L: 'l1>.e W'a-sterly One-Half of Lot Five (5), in Block Two (2),
<br />in HannIs Second Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />NOTICE: TIm SECURITYINST1WMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS.
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<br />This Rider is made this ,4?tD. ,. '.. day of. ,...,il\4Y"dm.... ." 196.J..., and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed t.o Secure Debt.
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
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<br />rower's Note to . ............................... ....................'............'. ..........,. ........ ........ ,......', '........... ..........w".....................
<br />,. ~,~EI~E..~~.~.~:. ~}mS.~.':'~.'!$.~.. ~,'!.d.. .l:~~.':'. .,\,~ ~::!(}, ~ ~.~,;.?11,. .0. f. .ie. 1. ~(: () ,l.n, >..<l.. i],t."IJ t:~g..$.!;a.r;.e.a.. cox.p,ora.tJ.un...
<br />(the "Lender") of the same date (the "Note") and covering the property described in the Security Instru-
<br />ment and located at . .f.Qlt...e.'il!!;..~9,\lni~......................,.., ,..,.."Gcand.,J.sl.aud...N.ebraska..bB.aOl..........
<br />Property Address
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<br />MODIFICATIONS. In addition to the co\'enants and agreements made in the Security Instrument, Bor-
<br />rower and Lender further COVE'.nant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PA Y!\IENT CHAN{;ES
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<br />The Note has an "Initial Interest Rate" of."mull.23.Q... %
<br />Interest rate chanlle5 may occur on the 1st day of "u....,JU.lle.... .hh..' 19..ai. and on the
<br />1st day of .......h ...:iep,t.e.m.Jle,L 19.ti:'L and on the 1st day or . ......u.....:.lec.e.m.her..,. l!L.I:l..5.,
<br />and on the 1st day of "..... ......".......m..{la.r.c,L ... J9...:).1, and on those datt:os or those months in every
<br />year thereaft~r. Each date on which the rate of interest may chanlle will he called a "Rat~ Change Date".
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<br />Changes in principalllnd interest payments to adjust amortization or the loan to correspond ~;th
<br />interest rate chang€!! shall he made on the 1,( day or.. "'h", ..,.'l.lXclL....., HUH,... and on that
<br />date every .....~:-:"':-.:--::" yen(s) thereafter. Each date on which the prim'ipal and interest payment may
<br />change will be called a "Payment Change Date".
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<br />Changes in the interest. rate are govenled by chang"" in an inten...t, rat.., indt,x cailed the "Index".
<br />Check box (es) to indicate Index.
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<br />OJ C "Contract Interest Rate, I'urdlllSt.l 01 Previously Occupied Homes. National Average for all
<br />1V1ajor Types of LendeN" published by the Federal Home L.oan J'umk Board,
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<br />Se,: u r i t.l:!)~~:,;~~~,~; :,1: (;~~"t: '.l~ ~ ~:~;l!~tfG 11,~tt 7:~':-<;i~: ~ :i~:;;~)r~~'~t'~;: ~;:~~~~.Liie>i".rv.tUIOa cd .
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<br />Check box(es) to indicate limits.
<br />(l) Cl If tlUB boll iR chtlCked, there will be no maximum limit on changes in the interest. rate up Of
<br />down. The Preliminary Rate roteunl to in tbe Note. will he the new interest rate.
<br />(2) U If this box i!< duocked, thE' int..r....t rate that. I pay sirnll not increllJle more than .
<br />perct'nwge points 011 any Hale Change Date.
<br />(3) C.J If t.his box is {'hocked, the mwrest. rate that I pay shall not dec~ more than ....
<br />~-ent.age points on lUlY Hate ChlUlge Date.
<br />(4) !Xl If this boll is checked, the interest. rate that I pay shall never be more than ....U~OillL.%
<br />during the period I have my loan.
<br />(5) 00 If this box is checked, the intertllit rate that I pay shall never he less than .. .LUAUUU.. . %
<br />during the period I have my loan.
<br />(6) [] If this box is chtl(.1l.ed, the principal and interest payment that I {><'\y shall not incfease mom
<br />than "".H.d.... percent on any Payment Chang", Date.
<br />(7) 0 If this box is checked, the principal and interest payment that I pay shall not decrease more
<br />than "'"..""........." J.llIl'C<lllt on any Payment Change Date.
<br />The. monthly payment amoun. ts "ill al.sQ change on Payment Change Dates as pro~-ided. in the Note.
<br />~ payment changes may occur less often than interest rate changes and/or may be suhjtl(.'t; to certain
<br />lilnitaticmll de6cribed in the Note, the monthly payments may be insufficient at times to pay accruing
<br />interest. In !l\lcll case, unpaid interest is added to the principal balance of the Note and itaelf will accrue
<br />inWe.st. thereafter.
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