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0060f27-8 · ADJUSTABLE RATE RIDER 83-n 0 4 313 'lHIS AIlJUS'rABlE RA1E RIlER is made this 15th day of August 1983 , and is incorporated into and shall be deemed to anend and supplement the~, Deed of Trust, or Deed to Secure Debt (the "Security Instnment") of the same date given by the mders:igl1ed (the "Borrower") to secure Borrower's Adjustable Pa}'llll!llt mte to CcmIIerdal Federal Savings and loan Association (the "Lender") of the saue date (the ''Ibte'') and covering the property described in the Security IDstrllDBlt ani located at: 1128)1f l'latlCock, Grand Island, Nebraska 68801 (Property Addi:ess) THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN TIm INTEREST RATE EVERY 5 YEARS. IF THE INTEREST RATE INCREASES, THE BORROWER'S MONTHtY PAYMENTS WILL BE HIGHER. IF THE INTEREST RATE DECREASES, THE BORROWER'S MONTHLY PAYMENTS WILL BE LOWER. AIDrITONM. cx:JVENMnS. In addition to the cavecants and agt'l!BIlI!nts made in the Security InstrllDBlt, Borrower and I.eIIder further COITenant and agree as f011ol.ll: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The &lte provides for an initial interest rate 042. 125 %. Section 4 of the &lte provide for changes in the interest: race and the lID1thly pll.)'IIII!Ilts, as fOIl(ii;: "4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The rate of interest I will pay nBY ~ on the f:lxst day of October ~ 1988 , and on that day every 60th llIlath thereafter. Each date on Wdcl1 my rate of interest ~ is called a "C1lange IBte." (B) The Index Begiming with the first Ovmge IBte, my interest rate will be based on an Index. The "Index:" is the ~y average yield on United States Treasury se::urities adjusted to a coostant IIBturity of 5 years, as made available by the Federal Reserve Boam. The most recentlyava:Uah1.e Index: figure as of the date 45 days before each 0Iange IBte is called the "0Jrrent Index." If the Indelt is m ~ avai.lable, the &lte lblder will clDose a new index Wdcl1 is based upon rnI1p'~hl.. :lnfoIllllltion. The &lte lblder will give me rotic.e of this clDice. (C) Calculation of Changes Before each Olauge IBte, the &lte lblder will .....l....,l..r-.. my new rate of interest by ~. 900 pen:eotage points (1.900 %) to the Q.u:rent Indelt. The SUll will be my new interest race until the next. Ovmge IBte. - The &lte lblder will then deteImine the aont of the lIIXlthly pl}'llll!llt that tOJld be sufficient to repay the mpajd principal balaIK:e of my loan I an expected to 0t0Ie 00 the 0Iange IBte in full 00 the maturity date at my new rate of interest in substantially equal pl}'llll!llts. The result of this calc:ulation will be the new aont of my lIIXlthly pl}'llll!llt. (D) Effective Date of Changes ~ new rate of interest will becaIIe effective on each Ovmge IBte. I will pay the new 8IIIDlDt of my lIllnthly payment each llIlOth ~ an the fi..-st lIIXlthly p!l)meI1t date after the ~ IBte mill the aont of my mmthly pa}'llll!llt ~ again. (E) Notice of Changes The tete lblder will 1IBi1 or deliver to me a notice of ;my changes in the aDIlWt of my IIXlllthly pa}'llBlt before the effective date of any~. The mtice will incJuIe infOnDlltial required by law to be given me and also the title and tele\iUle llI.IIIber of a person lobo will BIIlNer any question I may haIIe ~ the IIlltice." B. CHARGES;LIENS ll1iform Cbvelant 4 of the Security Instnment is a&eDded to read as follows: 4. lJi\RG!S; LIENS. Ilorroiier shall pay all taxes, .............-.r-.., and other chaIges, fines and impositions attributable to the Property Iohich may attain a prtority over this Security Instrunent, and leaselDld Jl!l)'IIIl!Ilts or groIDl reots. if;my, in the ..mamer prwided under paragraph 2 hereof or, if rot paid in such mamer, by Ilorroiier making pa)llllB1t, toh!n due, directly to the iByee thereof. Borrower shall ~y furnish to lRnder all notices of <mlWts due unier this paragraIh, and in the eIIeDI: Borrower shall make pil)'llll!llt directly, Ilorroiier shall prtmptly furnish to Lender receipts evidenciIll such pa)'ll8llots. ~ shall praI(lt1y discharge any lien lotW:::h has priority OYer the Security InstruDent pl'OI7jded, that Borrower shall rot be required to disclatge any su:h lien so loog as Borrower; (a) shall agree in ~~ to the pa}'llll!llt of the obl:lga.tial secured by such lien in a DBmi!I" acceptable to lender; (b) shall in good faith contest such lien by, or defend against enforcEment of such lien in, ~. ~i'W' ~ in the opinion of Lender operate to preIIeDI: the enforc8llfl1t of the lien or forfeiture of the Property or ;my part thereof; or (c) shall secure fum the 00lder of such lien an agAllIIIlIUt in a fOJ:lll. satisfactory to I.eIIder submiinating such lien to this Security Instnment. If lender rlItr-..rmi.- that all or any part of the Property is subject to a lien Wch may attain a p:j.ority over Security Inl1tnment, I.eIxIer shall seod Borrower notice iden~ such lien. BorToIor!r aI:laU. satiafy such lien or take ooa or ovre of the actions set forth above within ten days of the gi.q of 1Illtke. C. NQ'l'ICE lkd.foJIl~ 14 of the Security InstruDellt is aamied to read as follOloB; 14. It.lUI:e' F.Ircept for any notice tQqu1red utder appllcable law to be given in another lIIUltler, (a) any "I ~ to 1lorroweI: ~ for in the Security InstIUlll1lJt shall be given by delivering it or by ~ it by tint <:.laaa nail a&b:lllUd to Borrower at the Property Address or at su:h address as BomMI: -.y ~te by rotice to Leoder as prorlded herein, and (b) any notice to Lender shall be ADJUSTABLE RATE RIDER 5 YEAR TREASURY INDEX - 1-4 family (No Cap) Modified )/83