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<br />ADJUSTABLE RATE RIDER 84 003396
<br />(I Year Index-Payment Cap) -
<br />
<br />THIS ADJUSTABLE RATE RIDER is made lhis ....,2Sthlay of .....,.J.liT.I~...,....,.,..,.........,....., 1984...." and
<br />IS Incorporated IOtO and shall be deemed to amend and supplement the Mongage, Deed of Trust or Security Deed
<br />(lhe "SecurilY Instrumen,") of lhe same dale given by the undersigned (the "Borrower") to secure Borrower's
<br />Adjuslable Rate Nore (lhe "Nole") to .. ...s.1JI;:gT.,j..9.+...~;t;tgi\lg~....m9,.....,..... .,.......'.................,.,.....
<br />.... (lhe "Lender") of lhe same dale and covering lhe property
<br />described In the SecurilY Instrument and localed at:
<br />
<br />..,.... .lQ24.. E... .Pl....o.::mix.. :::. .G:l:and . Is.la.nd,.. NE..., .68.801.....
<br />[Propeny Addreu I
<br />
<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES
<br />IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE
<br />BORROWER MAY UMIT MONTHLY PAYMENT INCREASES TO
<br />7~% EACH YEAR IF THE PROVISIONS OF THE NOTE PERMIT IT,
<br />
<br />ADDITIONAL COVENANTS. In addilion to ~he covenants and agreements made in lhe Security InStrument,
<br />Borrower and Lender further covenant and agree as follows:
<br />
<br />A, INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />
<br />The SOle provides for an initial interes( rare of . ))..,~.?" %. The NOlC~ provides for ch_loges in the interest rate and
<br />the monthly payments. as follow!.:
<br />
<br />( A I Change Dates
<br />
<br />The tolereSl rate I w,lI pay w,y change on the Ii", day of ...Jul:i.. ......., 19 85...,.,... , and on
<br />lhal day every 12th month lhere.tiel. Each date on which my IlltereSl rate could change IS called a "ChangeD"re."
<br />
<br />(ill The Index
<br />
<br />BeglDnIDg with the first Change Date, my IDterest tate Will be based on an Index, The" Index" is the weekly
<br />,,,crage Yleid on Umted Stares Treasury securities adjusted to a constant malUmy of I year. as made available by the
<br />h:de,"i Reserve Board. The most recent Inde~ figure aVailable as of the date 45 days before each Change Date is
<br />(ailed the "CUffe-ot index..'
<br />
<br />
<br />4, INTEREST RATE AND MONTHLY PAYMENT CHANGES; BORROWER'S RIGHT TO LIMIT PAY.
<br />MENT
<br />
<br />If the Indc,\ b no lonr.er avatJabie. the Note Holder wiH choo~ a new lOde..... which is bas-ed upon comparable
<br />i!l{J.'i f11Jtk'!1 fht: ~OlC Holder will glV'~ me noOCJ:: of thi) choice,
<br />
<br />\ (. i C a kula tivn or Ch.naes
<br />
<br />Bel')re each Chanlle Dale, lhe NOle Holder will calculate my neW ,nterest rate by adding .....9.fll\!,..<ID!;\........
<br />six tentl),S" percemalle poln" ( ..1..6...., %) 10 lhe Current Index. The NOle Holder
<br />""ill then round the result of thiS addHlOn to the nearest one.e.ghth of one percentage polm(O.125%), Th,s rounded
<br />Jmu-urH .... d! r.e my new Intere~t rate untillne ne"t Cha.ogc Date,
<br />
<br />The "01e Holder will then determine the amoum of the monthly paymenl that would be sutlk,ent to ..epay the
<br />unp.,!;} pnn~lpal thai J am c,\pected lO owe 3llhe Change Date in full On the maturity dale at my new interest rate in
<br />':d..b~t.JntlJ.H)' equal payments. The resuit of th.Js calculalion i~ caUed the "Full PaymeoL" It will be the new amoum of
<br />m) monthly paymem unless. I choose the amount permitted by Secuon 4( F) below.
<br />
<br />\ I) I Effe<:li_e Date of Cbanlles
<br />
<br />'1) nt'\,\," lnLereSt rate WlU become effecll\.'e- ~.n e.~~'.:h Chang>: L):!tt ~ Wi!! p3.j' -:.h: ~r.iv..<<i. 0r wi n~..... ilh.Jlilhi,.
<br />p..) m~n{ beglnmng on the first monthly payment dat( after the Change Date until the amount of my monthly
<br />p.i) tHem changes agaln.
<br />
<br />( E) Notice of Cbanll""
<br />
<br />The ~OlC Holder w111 deliver or moul to me J nvuce vI' any ,hange~ in my Interest nHe and the amount uf my
<br />monthly- pJ:ymCnl before the effective dale of an} change. The notice wiH include information requlfeJ by law to be
<br />given me and also the [itle and telephone number of a perwn ....ho will answer any question J may l1a...'t': regarding the
<br />nutIce
<br />
<br />(F} B-~rQ~tr'$ Rigbt iG Um.ii f-Tiuothl)' Paymem
<br />
<br />Lnh::);~ Secuons. 4{ H) and 4( I; helo\'\" WIlt not permH me w do ~o, 1 may choose Iv limn the ..tnlvunt of my !lev.
<br />tnuDthl)- payment following a Change Date to the amount I ha.ve been paying muhiplic:d by the number i .075. Thb
<br />-3!nl...unt I'> ;;'alie~ the "Limited Payment," If I cboo.se a Limited PS)'Ulcnt as my monthly plJl}'fficnl, I rou:)t ghe the
<br />Note Boldtr notice- tbal 1 all); doin& SQ at least l~ days before m)' fi~st new monthly pa)nlent is duc:.
<br />
<br />t G} Atldilions to My Unpaitl Prindpal
<br />
<br />I
<br />L
<br />
<br />tf t (h~,.ioc u; pa)' the Limited Pa)-'me:nt. my m.omhly payment cuuld be Its-s- than Ih~ dflh)Unt '.:d Ihe :n!CiC-:"~
<br />portW-f!: of the ownth!y payment that w(}uJd be .sufficient 10 repay the unpaid pnnclpai I owe ;H the monthl)- pJ.) mC'lH
<br />J-l{C" m full \In th(' ma-writ)' -date In substantially equal pa)'menb. If w, -f;'<ich momh lh,u Lhe LH11l~~'d f\:J)'nH~nt 1.'" k-....7I-
<br />lhan the wte:rciot purdon. tbe Note Holder w~H tJubtracl the LllnncJ Payment from the J;1h,lUflt '-:if thl;: Inh::,l"'>,t J'hHtt~-"i
<br />
<br />IitUf",Tlf-TAlt A.O-JU-.-r..... ftA-Y. flIOI,R-1 v...,. Tr-NNIIJ ~..-Sit->QM fat'l'''y-I'NUA_'1'MLItt<: ~m m.U"'~1
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<br />;. 0,:'J' J 'i;)' ,~. ,,--J
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