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84- 003419 ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON- T AINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE, INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS, DECREASES IN THE INTEREST RATE MAY RESULT IN LOWER PAYMENTS. This Rider is made this ~._ day oL..__,JlJn~______._, 19J~ and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust. or Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to THE EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRAND ISLAND. NEBRASKA (the "Lender") of the same date (the "Note") and covering the property described in the Security Instrument and located at __.AlD.LCal.1jjL.D.rill.e...-.Gr.arui..I.s.land..JiE.--,-------,-.--------.---.-.---. Property Address MODIFICATIONS, In addition to the convenants and agreements made in the Security Instrument. Bor- rower and Lender further covenant and agree as foUows: A, INTEREST RATE AND MONTHLY PAYMENT CHANGES: The Note has an initial interest rate of .ll__.%. The Note provides for changes in the interest rate and the monthly payment as follows: The first Index figure for this Note is JJL.59%, It is called the "Original Index," The most recently available Index figure as of 45 days before each Rate change is called the "Current Index," (1) Rate Change Dates and t'requency Thereof: Beginning in 19_..85..-. the rate of interest I must pay may changem the .~_day of the month .Jll] Y (Month After Closing Month), and on that day every_, 12 -""onths thereafter, Each date on which the rate of interest could change is called a "Rate Change Date." (21 The Index: Any changes in the rate of inkresL .n be based on an Index, The" Index" is XJ tIie Monthly Average Yield on United States Treasury securities adjusted to a constant maturity of __ 6 months ..L-l year ____:3 years " years as made available by the Federal Reserve Board, or 0 the Na- tional Monthly Median Cost of Funds (annualized) to FSLIC Insured Savings and Loan Associations, as made available by the Federal Home Loan Bank Board. (Check only one box.) If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information, The Note Holder will give me notice of this choice. t3l Calculation of Changes: Before each Change Date, the Note Holder will determine any change in my rate of interest. The Note Holder will calculate my new interest rate by adding ....L....__percentage pointa '-_.2.......%) to the Current Index and rounding the result to the llearest one-eighth of one percentage point (0.125%1. This rounded amount will be the new rate of interest I am required to pay. The maximum interest rate I will be required to pay on this loan will be no more than __lA.......... %, Tbe minimum inLeresL nth:- I win oe r~uirtJ to pttY (HI this loon wili he nQ le~H than .lUA-..,,_ %. The Note Holder will then determine the new amount of my monthly payment which would be sufficient to repay the outstanding principal balance in full on the maturity date at my new rate of interest in substantially equal payments. The result of this calculation is called the "FuIIPayment" and will be the new amount of my monthlyoavment. C: PROVISION A(4) applicable only if this box is checked, 141 Limit on Interest Rate Increases: The rate of interest I am required to pay shall never be increased or decreased on any single Rate Change Date by more than % from the rate of interest. I have boon paying, (51 Effective Date of Changes: The new rate of interest will become effective on each Rale Change Date, I will pay the new amount of my monthly payment each month beginning on the first monthiy payment date after the Rate Change Date until the amount of my monthly payment is again changed, or I have fully repaid the loan, (61 Notice of Changes: The Note Holder will mail or deliver to me a Dutlee of any changes before each Rate. Change Date, The Notice wlU advise me. of the new interest rate on my loan, the amount of my new monthly payments, and any additional matters which the Note Holder is r'>quired to disdose, ProviaiorUl i\m. A(HI. A191. and A(lOl applicable only if this box is cbecked. L m Bono.......... Right To Limit Monthly Payment: Unless Sections A(9) and A(lO) helow will not permit me to do so, 1 may choose to limit the amount of my l'..,w monthly paym...nt following a Rate Change Date t<l the amount 1 have been p"ying mUltiplied bJ' tbe numoor 1,07[" This amount is (:alled the "Limitt.>d Payment," If I {:b~ " Limited Payment M my monthly payment, I must give the Not., Holder notic(, that J am doing so at lw"t Iii dilYs before my first. n<lW monthly V"ymcnt is due. .