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I RID E R 83- 005157 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 23rd day of September , 19~, and i~ incorporated into and shall be deemed to amend and supplement the Mortgage of even date and attached hereto given by the undersianed (the "Rorrower") to secure Borrower's Note to The first Nationi1l Bi1nk of Grand Islcmrl (the "Lender") of the same date (the" Note") and covering the property described in the Mortgage and located at Lot Twenty One (21), Block One (1), in Brentwood Subdivision, City of Grand Island, Hall County, Nebraska Also Known As 2207 Woodridge Court, Grand Island, Nebraska bSSUl (Property Address) Modifications. In addition to the covenants and agreements made in the Mortgage, Borrowerand lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note ~las an "I nitia! I nteres t f< ate" of 11 3/4 %. The Note interest rate may be increased or decreased on each Change Date, as described in the Nots. Changes in the interest rate are governed by changes in an "Index." The Index is tile U S TrPMsurv C;prqritip-; - One YPnr , determined !n the second calendar month preceding each Change Date, Such changes in interest "ate will occur on The First of February CommencinG February] 1985 . Increases and decreases in the interest rdteare limited to aChange of 2_~, each Change Date. I f the trHer'est ri'te chanyes, the amount of Borrower's monthly payments will change as proviejed in the Note. .ncceases in the inter- est ri'te Will re5ult in higher' payments. [)ecreases in the interest rate will result In lower payments. 8, LOAN CHARGES it could be that the loan secured by the Mortgage is subject to a law which sets maximum loan charges and that law is interpreted so that the interest or other loan charges collected or to be collected in connection with the loan would exceed permitted limits. In this event, then: (a) any suet) loan charge shall be ,'educed by the amount necessary to I'educe the charge to permitted limit; and (b) any sums already collected from Borrower' which excee<J:&U per'mitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing t.he principal owed unde!' the Note or' by making a direct payment to Borrower. C. TRANSfER OF THE PROPERTY If there is any transfer of the propecty, including a tr'ansfer' described in Paragraph 17 of the Mortgage, Lender' may require either an increase in the current Note interest rate, an increase in the Base Index figure, or a change of any of the !0.1[1 terms, as a condition or lender waiving. the option to a(.ceierate provided in Pacagraph 17. By Signing this, Borrower agrees to all of the a9o,ve. L ....,. ~~. Borrower--- 1-,) if'!" ",,~'[,(i .1,---,,-,..__.__ K3'th lee... <.ta va.' Borrower