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<br />RID E R
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<br />84 - 0024'2
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<br />DEED OF TRUST
<br />NOTICE: THE OOItlGY4Xl6ItU SECURES A NOTE WHICH CONTAINS A
<br />PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE,
<br />INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER
<br />PAYMENTS, DECREASES IN THE INTEREST RATE WILL RESULT IN
<br />LOWER PAYMENTS,
<br />
<br />This Rider is made this ..8.t.h- day of May , 19...6i., and is
<br />Incorporated into and shall be deemed to amend and supplement the Mortgage of
<br />even date and attached hereto given by the undersigned (the "Borrower") to
<br />secure Borrower's Note to The United States National Bank of Omaha, Nebraska
<br />(the "Lender") of the same date (the "Note") and covering the property described
<br />in the Mortgage and located at 1311 West 9th Streetc Grand ISiandj Nebraska 68801
<br />Lot Two (2), Block Four (4), Wallich's Addltlon, to the lty ot Grand sland, Hall
<br />County. Nebraska
<br />
<br />( Property Address)
<br />
<br />Modifications, In addition to the covenants and agreements made in the
<br />Mortgage, Borrower and Lender.:, further covenant and agree as follows:
<br />
<br />A, INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The Note has an "Initial Interest Rate" of 12.00 %, The Note
<br />interest rate may be increased or decreased on each Change Date, as
<br />described in the Note, Changes in the interest rate are governed by
<br />changes in an "Index," The Index is the U.S Treasury Securities-
<br />One Year The weekly average yield of one yeaF"lr.S, Ireasury :.ecurHles
<br />adiusted to a constant maturity of one year,
<br />, determined in the second calendar month
<br />orecedino each Chanoe Date. Such chanoes in interest :,ate will occur
<br />~n The ffrst of February Commencing February 1, 1986
<br />
<br />
<br />Increases and decreases in the interest
<br />rate are limited to a change of 2-% each Change Date.
<br />
<br />If the interest rate changes, the amount of Borrower's monthly
<br />payments will change as provided in the Note, Increases in the inter-
<br />est rate will result in higher payments, Decreases in the interest rate
<br />will result in lower payments,
<br />
<br />B. LOAN CHARGES
<br />
<br />It could be that the loan secured by the Mortgage is subject to a
<br />law which sets maximum loan charges apd that law is interpreted so
<br />that the interest or other loan charges collected or to be collected in
<br />connection with the loan would exceed permitted limits. In this event,
<br />then: (a) any such loan rharge shall be reduced by' the amount
<br />necessary to reduce the charge to permitted limit; and (b) any sums
<br />already collected from Borrower whiCh exceeded permitted limits will be
<br />refunded to Borrower, Lender may choose to make this refund by
<br />reducing the principal owed under the Note or by making a direct
<br />payment to Borrower,
<br />
<br />C, TRANSFER OF THE PROPeRTY
<br />
<br />If there ;5 any transfer of the property, Including a transfer
<br />described in Paragraph 17 of the Mortgage, Lender may require either
<br />an increase in the current Note interest rate, an increase in the Base
<br />Index figure, or a change of any of the loan terms, as a condition of
<br />lender waiving the option 10 accele'-ate p"ovided in Paragraph 17.
<br />
<br />By signing this, Borr'ower agrees to all of the above.
<br />
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<br />p..,<"'/},II, ( L~. r J '(1..- "'.. ,,'r I ,.
<br />~i,ftnes J, Sa~ay Bor.PcSwer
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<br />En Pen M. Satl1tl<ly
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<br />BorroWer
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