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<br />Loan. No. ....5:].>98-'1....15..,...
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTEwmeI'lCQN'rA'IN&"
<br />A PROVISION ALLOWING F'ORCiIANGES IN THE I~rEMST .
<br />CREASES IN THE INTEREST RATE WILL RESUL'l' INHIGaERP
<br />DECREASES IN THE INTEREST RATE WILL RESULT INLOWERPA
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<br />This Rider is made this ........llth....... day of ..............,..........,:Mall........." 19.811..., and~il1~~"'<
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of TrustiOrDeed~'~!~;'
<br />(the "Security Instrument") of the same date given by the undersigned(the"BOrrower'?:to.~t~,.
<br />rower's Note to "......"'.....'........',...,...,................,...........................__.n..................,...,.....:......:......:...,.,.,....;,.,:...;:,0;:..".
<br />Eir.sLF.e.deral..Sav~OJs,..aod..Laao..J.\ssocialloo,.Qf"Lir::lcol[\...a,,!,Inltli(;L,s.t~.!;.~!l.;~~~~~':.r
<br />(the "Lender") of the same date (the "Note") and coveringthepropertrd-mbed:m.~;~t#,I~..
<br />ment and located at .2.601..WesLWaugb...............,...... .............,.,....Gr.apd..lsla~..J:.IE!br.aSka....6BfJmL::.;... .
<br />PropertyAddMs ..... ......
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<br />l\IODIFICA TIONS. In addition to the cover~ts and agreements made in the Sec-..mty !-nstr~~i~~~~
<br />rower and Lender further covenant and agree as follows:
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<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL....1L5AD.... %
<br />Interest rate changes may occur on the 1st day of ...............................Septemher., 19..6.5:. and~.ijle.
<br />1st day of ...............................DecembeI.m' 19.85... and on the 1st day of ....................m...MarcIL,...,~, 19",i6&:
<br />and on the 1st day of .........................,.....June......,....., 19..86., and on those dates of thosemontbsin~
<br />year thereafter, Each date on which the rate of interest may change will be called a "Rate ChIlnge Date' .
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<br />Changes in principal and interest payments to adjust amortization of the loan to coneapond with
<br />interest rate changes shall be made on the 1st day of ,................................Ju/le...........,." 19.86... andonthst
<br />date every ...____.... year(s) thereafter, Each date on which the principal and intereRtpayment may
<br />change will be called a "Payment Change Date".
<br />Changes in the interest rate are governed by changes in an interest rate index called the "Index".
<br />Check box(es) to indicate Index,
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board,
<br />(2) !Xl -Ad.julitab1e..Ra.te..Nate, ,~. .Monthlll...av.erage..lIi.eld..on..U.S.....Ire.as\Jry..,SecJ.l:r.iti~,s..
<br />adjusted...tQ.,8.,coost.ant.. matu..i.t)'..oL,l.. year,.pwlished"b.y..,the.,Eede:r.al..Resery.e..Bo.at.d:....,....,..,....,
<br />Check box(es) to indicate limits,
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<br />( I) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or
<br />down. The Preliminary Rate referred to in the Note. will he the new interest rate,
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<br />(2) 0 If this box is checked, the intereRt rate that I pay shall not increase more thlln ....................
<br />percentage points on any Rate Change Date.
<br />(3) 0 If this box is checked, the interest rate that r pay shall not decrease more than .....m............
<br />percentage points on any Rate ChIlnge Date,
<br />(4) ~ If this box is checked, the interest rate that I pay shall never be more thlln ...13..QSO'... %
<br />during the period I have my loan,
<br />(5) Q If this box is checked, the interest rate that I pay shall never be less than ...(1....,.........%
<br />during the"Period I have my loan. .
<br />(6) 0 If this box is checked, the principal and interest payment that I pay shall not increase more
<br />t.han ,............ percent on any Payment Change Date,
<br />(7) 0 If this box is checked, the principal and interest. payment that I pay shall not decrease more
<br />than .................... percent on any Payment ChIlnge Date,
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<br />The monthly payment SIIl()unts will also change on Payment Change Dates as provided in the Note.
<br />Because payment changes may occur less often than interest rate changes and/or may be subject to certain
<br />limitations described in tht; Note, the, monthly paymen!S ~ay be insulficient at times to pay accruing
<br />mterest.. In such case, Wlpllld mterest 18 added to the prmclpal balance of the Note and itself will accrue
<br />interest thereafter.
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