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I i:7~:~nn .~ 002279 CAPPED ONE-YEAIl AIM RlDEI. TO THE MOI.TGAGE/DEED OF TRUST/TRUST INDE1lTUU fl90f<405-1 NOTICE: ALLOWING RESULT IN PA 'P.!!lITS . TIllS SECUlUTY INSTRIJMI!ltT SECURES A NOTE WBIOJ COllTADlS. A PIOVIS:IOIl !'OB. CRA!lGES IN THE INTEREST RATE. INCUASES IN THE, IN'1'EUST MD'.' MD. HIGREI: PAYMENTS. DEClUSES IN THE INftIEST RATE' HAY RESULT 111 LOWIIl' Thia Rider ia ..... tMa --L!!..L clay of Nay 198'4 ",' ~.", It1~ ineorporated into and ahall be d_d to a_d aDd auwleMat: the' MOrt....I....". TruatlTrullt Indenture (the "Seeurity In:etru8e1lt'" of the a_ dau al- bJ.. tile undereigued (the "Borrower'" to secure Borr_r~ a Note to ToverFiDaIlC1~. ll1e., (the "Lender") of the aaM date (the "Note'" aad eoveriDg the property cl...d:bed in the Security Inst~nt and located at: 4.1(,} ,\ri7on;; (:rAnl1 Island :,ehraskn 681\01 (Property Addreaa) MODIFICATIONS. In addition to the covenants aad agree_nte ..de in the Security Instnment, Borrower and Lender further covenant aad agree as follova,: A. INTEREST RATE AND K>NTBLY PAYMENT OWIGES The Note haa an initial intereat rate of lP.r75 %. The interest rat...,. be increaaed or decreaaed every 12th _nth on each "Change Date". aa ...cribeclin the Note. Changs. in the interest rate are governed by tbe level of tbe Indes .a defined in the Note. The Index is the weekly average yleld on Unit.... Stat.. Treaaury securities adjusted to a conatant maturity of one year, aa publlahed by the Federal Reaerve Board. The ....i_ change in the intereat rate at anI. one time 1& 2 percentage points. The _xi.... interest rate is ~ %. i'l.4tf'lo gt The .oathly par-nt a_unt may be adjusted every 12th _ath to talte effect on the _nth following each Change Date aa deacribed in the Note. The n_ _thl,. par-nt aaGUnt is based on the intereat rate in effect on the ChaDge Date and will reeain in effect until the month following the next succeeding Chaage Date. B . LOAM ClL\l.GES If the loan secured by the Security Inatrueent Is subject to a la. which aeta _xi_ interest rates and loan charges and that law is finally interpreted so that the interest or other loan chargea collected or to be collected in connection with the loan would exceed peraitted limits, then: (1) the interest rate or aay such loan charge shall be reduced to the pe....itted limit; and (U) any s_ already collected fro. Borrower which exceeded permitted l~ts will be refunded to Borrower. Lender _y choose to _Ite this refund by reducing the principal of the Note or by -.king a direct pa,...nt to Borrower. C. CONVERSION FEATURE. The Note contains the following provisions peualtting conversion to a fixed intereat rate and par-nts: (i) Provided Borrower is curreat with respect to all pa,...nts due on the Note for twelve eonths prior to the firat, second, third, or fourth Change Date, Borrower _y, at Borrower- s option, IIOdify the repa,...nt tena of the indebtedaesa secured hereby on the first, second, third, or fourth Change Date (defined in paragraph 4 of the Note). At that tl... Borrower ..y conYert the adjustable rate loan: evidenced by the Note into a fixed intereet rate loan to be fully repaid in equal monthly payeenta of principal and interest over the reealn1DI ter. of this loan (i.e., 29, 28, 27. or 26 years, dependinl on the converaion date selected). (ii) Exercise of Fixed Rate Option. (a) Request for Quotation. If Borrower is interested 1n converting this loan, Borrower "'ust notify the Lender, in writinl, that Borrower ",iahes to have a fixed rate and payraent quoted. Borrower lIlust send this request for quotation after receiving a Notice of Periodic Adjust..nt under Section 4 of the Note and at least 30 days before the Chanae Date. (b) ~tation. When the Lender receives Borrower's request for quotation. the Lender will send Borrower a notice quoting the fixed rare and payeent being offer" and the conversion fee which Borrower will have to pay if Bonower decides to convert. The conversion fee wi 11 not ..e.eell ,'.\iN) % of the unpaid principal balance of this loan <>n the Change D~ The Lender will send this quotation at least 20 but no eere than 30 da,s before the Change Date, TMC-{)29 (~c) (Page I) R@v 2/84 (CAP~)