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r-' I I?e,..~ 0824361-2 83-n06022 ADJUSTABLE RATE RIDER 83- 004387 ".IJIlS AIiroSi'ABIE RATE RIIER is made this 18th day of August 1983 , and is :lnoorporated into and shall be deemed to 8IIl!!IId and suppleIIIent the M:lrtgage, Deed of Trust, or Deed to Secure Debt (the "Security ~")of tbe SIIIle dat.egiven by tbe tn:Iers1gned (the ''BOrrower") to sei:ufe .!brJ:'CllllE!r'S Adjustable Pa}'llll!lll:. DOte to CamIerclal Federal. Savings and lDan i\ssociat1xln (the '1.EDIer") of theSlllle date (the "lbte")and cover:1agthe property desCribed in the SecurityInstrullent anillx:ated $:~ 35,\0 01.'.11_&_'118 ,Grand bland, Nebraslta 68801 - -. . . (Property AddRss) TI!ltNOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE EvERY 5 YEARS. IF THE INTEREST RATE INCREASES, THE BORROWER~S MONTHLY PAYMENTS WILL BE HIGHER. IF THE INTEREST RATE DECREASES, THE BORROWER'S MONTHLY PAYMENTS WILL BE LOWER. AtDITICN\L CXlIIElNIl'S. In addition to the covenants and agreEIIll!Ilts made in the Security InsttuIlent, 1lorrower IDi Lmder further CO!Il!Jl8Dt and agIl!e as fol.lol8: A. INTEREST RATE AND MONTHLY PAYMENT C~ The lbte pr:ov1des for an initial interest rate of U . ""'''%. Section 4 of the !bte provide for changes in the :lntersst:rate IDi the 1IIOIIth1y paJllll!Dts, as fiiIICiii!: JJ, "4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates vep'e"'cer '!he rate of interest I will pay 1IBY ~ on the first day of~- 1 1988 ,anden thet day every 60th llIlDth tbereafter. Each date on >i1ich my rate of interest could ~ is c.a.lled a "0tIrIge late. .. (8) The Index Ileg1m:lng with the first: ~ late, my interest rate will be basOO en an Index. The "Index" is the ~y -. yield en llIited States Treasury securities adjusted to a ccnstsnt maturity of 5 years, as 1llIIde available by the Federallleerve Boan:I. The IllllSt recently available Index figure as of the date 45 days before each lllaIwa Oate is c.a.lled the "0Jrrent Index." If the Index is DC> laqp!r awilable, the lbte Iblder will clDose a new in:Iex lih1ch is based upcn cmpu:ahle 1nfomat:loo. The!bte lblder will give !IIi! rot:!ce of this croice. (C) Calculation of Changes 1.900 BefolJi! each ~te, the !bte Iblder will calculate my new rate of interest by addJ:qJ percmI:lIp po;lnta (' %) to the Qltreat Index. The SUII will be my new interest rate until ~ a-. Date. - 'DIe lbte lb1der will thon dete1:m1ne tbe 8IIlOmt of the 1IIOIIth1y pe.yment that I<OOUld be sufficient to lJi!IlllY the unpaid pdnd.psl balaD=e of my 10sn I lIIl expected to owe en the ~ late in full en tbe -.:-1ty date at my new rate of interest in aabstsntislly "'Jll&l Jll>YIIII!Ut8. The x.clt of this reJeoJlatioo will be the new IDIXl1t of my lIlIXIthly pe.yment. (n) Effective Date of Changes ~.lWi. rate of _interest w1ll beo:JR effective on each Olaoge Date. I will pay tbe new 8IIlCU1t of lIIf 1l1llDthly ~ each lIIlIIth ~ en the first: 1IIOIIth1y payIIIIlIIt date after the Ollq;e Date Intil the -.It of my 1IIOIIth1y ps]'lIlmt cbsqpes again. (E) Notice of Changes The lbte Iblder will IIIIil or: deliver to me a notice of arr:t cbsqpes in the llIIID!Jl1t of rq mcnthly PI<}IIIBlt befanl the effective date of arr:t <:haqp!. The lX)t.U:e will include informatim required by law :>> be 81_ me _ also the title 8Ild tel.e{baoe llUIIber of a person Wlo will .-r my questioo. I 1IBY ~ ~ the oot.ke." B. C8A&G&S. LIENS 1h1fom ~ 4 of the Security l'nstnDmt is 8IIIl!llded to resd as fol.looe: 4. calIiZS; UI!IlS. ~ sl1lill pay aU ~,Go;! a_otto, and other chatges, fines and :lmpos1tioos at.trl.butable to the Pl:operty Wicl1 1IBY attain a pd.orlty over this Security Instn:ment, and lessehold ~ or gxoonl rmts. 1f arry, in the __ pI'OIIided under psragrapb 2 beJ:eof or, 1f DOt paid in lIUCh ~, by ~ IIIIldll& ps)UeDt, Tot1en due. d!rectly to tl'le payee t:heI;eof. lbrrower shall pcaIptly fumi8h to Lmder aU notices of allOUlltS due under this psragrapb, and in the ewnt ~ sball ..... p8}WUt d1rectly, llorroloer sIBU pcauptly fum1sh to Lmder rece1pta ~ su.:h ~ ~ sbaU pmIptly d.U1c:haqe any lien >i1ich bIs pdor1ty over the Security Instn:ment ~. tbat ~ shall mt be requ1red to <l1.setarge arr:t su.:h lien so loog as ~; (a) shall .. in liIriting ll) the ps)'IIBlt of the ob:liptim secured by such lien :In 8. 1I&ale1' acceptable to lIIialK; (b) sball in good faith cooI:est such lien by, or defeOO against eofott:emellt of such lien in, ~~... . ~ in the opln1on of Lmder operate to prlMll1t the enforc.8Dent of tbe lien or fcda1a:ure of the Pl:operty or my part thereof; or (c) shali secute fraa the lnlder of such lien an .-.e:lna fola 8&t1sfa:.tmy to Lmder ~ su.:h lien to th1a Security Instnment. If. ~ ~~ tbst aU or any part of the Pl:operty 15 subject; to a lien "*'1ch _yattain a ~. OVIII:s.:urity ~,l.eoder sbaU ser:lllorroloer notice ~ su.:h lien. ~ .a.1J,..~. 8Ullh lien tr t1!ke ooa or IIOre of the II<:t:ialIJ set forth alxMl within ten days of the ~..QfuQdce, .,. C. _ICE ;;:.1 ~~ 14 of the ~ ~ 15 8IIIl!llded to mal sa follololl. 1;" 14~~~ftr any ~..1'8ljIl1rC under >q1pli("l>l\te law to be given in aootber __, (a) any ,~! ....lD;l!bmlIIit,.~ fo1r :In theSei:udty l"nsI:rUDeot sIBU be gi_ by deliver1n& it or by ",..~U br.flnt ew. Mll ~ to~ at the Property ~ or at such ~ as ...~ ~ "'.'.~ by III)t1ca to tAllIlc all pn:Mded Iwni:n, ani (b) Ill\Y notice to la'der shall be ADJUsrULIl un /UDEll ~ YIWt 'l1\l.A$UlY IlIDI>lt - 1-4 FuHy (Nu C4p) ModtHed 5163