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I If 0908503-4 CAPPED ONE-YEAR AIM RIDER TO THE MORTGAGE/DEED OF TRUST/THUST INDENTURE 84- r NOTICE: THIS SECURITY INSTRUMENT .SECllRES A N()TE.WIlICH ALLOWING FOR CHANGES IN THE INTEREST RATE. .INC~SESINTHE RESULT ... IN HIGHER PAYMENTS. DECREASES IN THE .:INTEKEST .aATE PAYMENTS. This Rider is Ulade this l.5th day of incorporated.into and shall be deemsdto.amendand Trust/Trust Indenture (the "Security Instrument'" undersigned (the "Borrower") to secure Botrower's (the "Lender") of the same date (the "Note") and covering in the Security Instrument and located at: 4026 F:don Dr., G('(~n.d Island, ~';ebras,kR 6-8801 (Property Addrsss) MODIFICATIONS, In addition to the covenants and Instrument, Borrower and Lender further covenant A. I?'TEREST RATE AND MONTHLY. PAYMENT CHANGES The Note has an initial interest rate of 1.0.875 %. The increased or decreased every 12th month on each "Change Date", as Note, Chsnges in the interest rate are gover.ned by the level defined in the Note. The Index is the weekly average yield Tr-easu-ry seeurfties adjusted to a constant maturity of one -year-, toe federal Res,erve Board.. The maxi:mu.-w change in the time is 2 percentage points. The maximum interest rate is The monthly payment """unt _y be adjusted every 12th month the month following each Change Date as described in the Note. Thenewlllonthly. payment amount .is based on the interest rate in effect on. the Change .Date:and remain in effect until the month following the next succeeding Change Date., B . LOAN CHARGES Lf the loan secured by the Security Instrument is subject .to a law. .wbich. sets maximum interest rates and loan clJarges and that law is fir"ally interpreted so that the interest or other loan char.ges collected or to be collected in .conne.ction with the loan would exceed permitted limits. then: (i) the interest rate. or any such loan charge shall be reduced to the permitted limit; and (11) anysullls already collected from Borrower which exceeded permitted limits will. be refl1nded to Borrower. Lender may choose to make this refund by reducing the prinCipal of the Note or by making a direct payment to Borrower. C. CONVERSION FEATURE, The Note contains the following provisions permitting conversion to a fixed interest rate and payments: (i) Provided Borrower is current with respect to all payments due. on the. Note for twelve months prior to the first. second. third, or fourth Change Date, llorrower may, at llorrower- s option, modify the repayment terms. of the indebtedness secured hereby on the first, second, third. or fourth Change Oat" (d"iin"d in paragraph 4 of the Note), At that time, Bo.rrower may convert the adjustable rate loan evidenced by the Note into a fixed interest rate loan to be fully repaid in equal monthly payments of principal and interest over the remaining term of this loan (Le., 29, 28. 27. or 26 years, depending on the conversion date selected). t (11) E1<ercise of Fixed Rate Option. (a) Request for Quotation. If Borrower is interested in converting this loan, Borrower must notify the Lender, in wri ting i that Bon'ower wishes to have a fixed rate and payment quoted. Borrower must send this request for quotation after receiving a Notice of Periodic Adjustment under Section 4 of the Note and at least 30 days before the Change Date. (b) Quotation. When the Lender receives Borrower-s request for quotatlon, the. Lender will send llorroli'e.r a notice quoting the fixed rate and pa}'1l!ent. being o:ffer..d and the conversion f..e which Borrower will have to paY'!"fJ,9,rrower decides to convert, The conversion fee will not e"""..<;\ .' n,..." % of the unpaid principal balance of this loan on the Chango J5&t..~._- The Lender "'111 send this quotation at least 20 but nO eore ~han 30 days b.for~ the Change Date. TMC-029 (qe) (Page 1) Rev 2/84 lCAP 5)