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I }/.3- oo~99"L RID E R NOTICE: THE MORTGAGE SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this IDtL. day of September , 19 83, and is incorporated into and shall be deemed to amend and supplement the Mortgage of even date and attached hereto given by the undersioned (the "Rorrower") to secure Borrower's Nole to The First National Bank of Grand Islanrl (the "Lender") of the same date (the "Note") and covering the property described in the Mortgage and located at Lot 5 Block 2 Brentwood Subdivision to the n Nebraska known as 113] Woodridge Boulevard. Grand Island, NE 6801 ( Property Address) Modifications, In addition to the covenants and agreements made in the IV'lOrtgage, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of 11.5 't. The Note interest rate may be Increased or decreased on each Change Date, as <1esnibed in the Note. Changes in the interest rate are governed by ch,lIlges in an "I ndex. " The I ndex is the U.S. Treasury Security - 1 Year , determined in the second calendar month preceding each Change Date. Such changes If1 interest rate will occur on the First of February cO!Mlencing February], 1985 I ncreases and decreases in the interest rate are limited to a change of ,,~_~, each Change Date. if the interest rate changes. the amount of Borrower's monthly payments will change as prOVIded in the Note. I ncreases in the inter- est !'ate will result in higher pdyrnents, Decreases in the interest rate will result in lower payments. B. LOAN CHARGE.S It could be that the loan secured by the Mortgage is subject to a law which sels maximum loan charges and that law is interpreted so that the inlet'est or other loan charges collected or to be collected in connection with the loan would exceed per'mined limits. In this event, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to permitted limit; and (b} any sums already collected tram Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. C TRANSFER OF THE. PROPERTY If there is any transfer of the property, inCluding a transfer described in Paragraph 17 of the Mortgage, Lender may requir'e either an increase in the current Note interest rate, an increase In the Base Index figure, or a change of any of the 10im ler'llls, ;is a condItion of Lender w<living,lhe option to <leeelerdte pr'ovided in Paragraph 17. By signil'\ij this, Borrower agrees to all of the above. l' /u- '- 1/..-: c=-------..--4: Van. ~ Wrenn, ,) r. Bofrower , Lor~;~~h~;; -',.-.,.1" ,~~ .._<11;'"1 ,'....~..,_ c_ 'if6rro;.;er-