<br />I
<br />
<br />84..... 002893
<br />
<br />Loan No, ,...';.7,7-35~,l.~18-....,.
<br />
<br />r
<br />
<br />~
<br />
<br />ADJUSTABLE RATE LOAN RIDER
<br />
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS
<br />A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN-
<br />CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS.
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTR
<br />
<br />This Rider is made this ......}Q!;h........ day of ..........................~y........,..., 19..?~.,' and is incorporated
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt
<br />(the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor-
<br />
<br />rower's Note to ."..,...,.,.....,."..,..,........,..,..,..."..".....".......",..,.."..,...".....,.,..,..........".............:.......,..,........,.....,..........
<br />~~~!lJ,:,~~~~.~":~..!?'!y.!!}g,~...i!!!4...~Q;!!!..-':\!!!j!?.<;J.!!!;.!.Q);L9.L!;.t~""Q;I"l).,-'..!!,Jb:Jj,t~!!.,.~t!!~..,.!L\;Q'rp.QJ:l!J.:j,Q!l,.,..
<br />(the "Lender") of the same date (the "Note") and covering the property described. in the Security'Instru.
<br />ment and located at P}~...~,<.>,!!!;!}..A!:!;!}y.L................. ....,.,.,.........,G.:and...lsland...Ne.bra.s.ka...6.8.aOL..........
<br />Property Address
<br />
<br />MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor-
<br />rower 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" oL..,.lh!t.QQ..... %
<br />Interest rate changes may occur on the 1st day of .....,......,.,...,..,.,......$.~P,~,\\1!!R~.r..., 19.~.S.,.. and ontbe
<br />1st day of ........................,.....l2~f...,!!!I1~.'-...., 19l:l.?.... and on the 1st day of ........................Ml!.r.<;.h...,..,..." 19:1l.~,..
<br />and on the 1st day of ..............................,!Jl.ll.e..,..........., 19.8.2... and on those dates of those months in every
<br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date".
<br />
<br />Changes in principal and interest payments to adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ......,........................J1Ule..............." 19l6...., and on that
<br />date every ,.,:::::::::::::::...... year(s) thereafter, Each date on whicn the principal and interest payment may
<br />change will be called a "Payment Change Date".
<br />
<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) J(J adjll.S.t.able..,Rate...Note..:::,.Mont.hlll,..aver.age"llie.ld...on.,1l,.S..,.,Ire.aliur.Y.,.SecJJ.I:itie.s..,..
<br />ad j us t,"'.l;\..!;.Q...,L\:g,l;l.atan.t...UIat.\u::it;Y...Qf"l..y.ear,.p,ub~ilihed.,.by...tb.e...F.ed,e.t::al.,Jl.e.ser.v:e.,.1l11At::d..,...,...,....,...,.
<br />
<br />Check box(es) to indicate limits.
<br />
<br />(1) 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 be the new interest rate.
<br />
<br />(2) 0 If this box is checked, the interest rate that I pay shall not increase more than ............. .....'
<br />percentage points on any Rate Change Date,
<br />(3) 0 If this box is checked, the interest rate that I pay shall not decrease more than ...,......,.........
<br />percentage points on any Rate Change Date.
<br />(4) 10 If this box is checked, the interest rate that I pay shall never be more than .13.,.9.50......%
<br />during the period I have my loan,
<br />(5) 10 If this box is checked, the interest rate that I pay shall never be less than .Om...........'., %
<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 />than .,.................. 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 Change Date.
<br />
<br />The monthly payment amounts 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 the Note, the monthly payments may be insufficient at times to pay accruing
<br />interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter,
<br />
<br />Form 8t3
<br />
<br />u
<br />
<br />L
<br />
<br />L
<br />
<br />-.l
<br />
<br />L
<br />
|