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I 84 - 002562 ADJtJS'O\BLE RAn:: WAN RIDm r I l'Dl'ICE, TIlE SECURITY I:NS'IlltMENl' smJRES A ture WHIOf <nrmINS A PRO'IISICll AlJDIDlG Fffi C',.h.~ IN '!l!E IN'J'E!I.FST RATE. no.FA.~ IN '!HE IN'I'!'mST RAn:: wru, RESULT IN HIGIER PA't'MIiNl'S. I>liDa'.ASES IN '!HE IN'I'!'mST RATE MAY RESULT IN ~ PA't'MIiNl'S. . ~ {"' -ii': 'Ihis Rider is made this 11th day of May , 1984',};;!, and is incorporated into and shall be deeI1Ed to amend and suwlarent theMOrt";i< Deed of Trust, or Deed to Secure Debt (the "Security Instluaent-) of the_'~te given by the undersigned (the "Borrcwer-) to secure Borrower's NOte 1;0 'lllE mrrrABLE BUILD~ AND LOAN ASSOCIATIctI OF GRAND ISINI). N9lR1lS1<A (the. "Lemer"') of the SMe date (the "Note") and covering the Pl'qJerty described .in the Security Instrurent and located at 1204 West 8th, Grand Island, NE 68801 ., Property M1ress Ifl)IFICATICNS. In addi tioo to the covenants and aqreements made .in the 5ecurltyi' Instrunent, Borru.>er and Lender further covenant and aqree as foUews: A. Interest Rate and Monthly payrrent Changes: The Note has an "Initial Interest Rate" of 11.5 'II. 'Ihe Note interest ratellllW be increased or decreased on the 1st day of the m::nth beginning 00 June 1, 1985 - and on that day of ~th every 12 IlO1ths t:l1en!.after. Changes in the interest rate are governed by changes in an interest rate index called the " Inde,x" . The Index is the Moothly Average Yield an United States 'l'reaw:y securities adjusted to a constant maturity of _ 6 m::nths ~ 1 year _ 3 :rears 5 years as nade available by the r'ederal Reserve Board, or the Naticnal Moothly ~an Cast of FUnds (annualized) to FSLIC Insured Savings and Loan AssOClations, as nade available by the Federal Hone Loan Bank Board. (ChecIc: ooly ooe box.) The L'1terest ,ate cannot be changed by rrore than ~ percantage points at any Change Jate. If tJ1e L"1terest rate changes, the arrount of Borrcwer's llUlthly paynEnts vi.ll change as provided in the Note. Increases in the interest rate will result in higher paioTlents. Decreases in t,'1e L'1terest rate will result in lOo'er payments. B. Loan Charges: It could be that t.'1e loan secured by the Security Instrument is subject 1;0 . law ....'hich sets maxL'1U1\ loan charges and that law is inteIpreted so that the in~t or other lean charges collecte<J or to be collected in CCI1IleCt1Oll with the lOlUl wau1cl exceed pemitted lin'its. If this is the case ,then: (1) any such loan ctlu9t lIha11 be reduced by the arrount n~sary to reduce the charge to the pellllitted lilll1tJ lUll (2) any S\.mS already collected fran Bo~r which exoeeded pellllitted 11m1ta vi.1l be refunded to BorrOo'er. Lender !MY chCXlSe to make this refInJ by reducing the principal CMed under the Note or by naking a direct paYItent to Borll:Jloler. C. Prior Liens: If Lender determines tIjat all or any part of the SWlS secured l:1y th1a Secur1ty Inst.runent are subject to a lien which has priority over this Security Instrulent, l.ender may send Bonu.er a notice Identifying tl'.at lien. Borrower shall PralPC:ly se<:u1'e.an agreement .1...'1 a :onn satisfactory to Lender sul.x>rdinating that lien to this Security Instr1.li1ent: D. Transfer of the Property; L If there is a transfer of the Prq>erty as described in the Security Ins~t, Lender may require (1) an increase in the current Note interest rate, or (2) an increase in (or removal of) the limit on U1e dH'<)unt of any one int.erest rate chanqe (if there is a limit), or (3) a change in the !!dse I~ figure, or all of u-,-u a condi.ti.on of the Lender's waiVing t.."" option to dc.'\.'-,derate provided'iQ the Security Instrurent. i ,r" ~ /.l/ '.' .,,:"( .. ;.. (,,?L,.-, .IT' .",::"..,/ /c~;}4$/~7 , . llo==-r ------r.;nu;;r ''<._1.1 .b._JJ ....... h !\::J!j:~""~..c'",,,l'-'''''