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r 84- 003499 I Ir f [ I r f " r RID E R NOTICE: THE TRUST DEED SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. Thi s Ri der is made thi s 29th day of June , 1~4 , and is incorporated into and shall be deemed to amend arur-supplement the Trust Deed~even date and attached hereto given by the undersigned (the "Borrower") to secure Borrower's Note to NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION, (the "Lender") of. the same date (the "Note") and covering the property described in the Trust Deed and located at 3027 W. Capital, No. 34, Grand Island, Nebraska -- Suite 34 "D" Windsor 5 uare Condominium Pr-onertu Re"ime in Unite 4 Lot 2 Block 8 Re lat Continenta.l Gardens, an Addition to the City of Grand Island, Hall County, Nebraska an etac ed garage "W" ( Property Address) Modifications. In addition to the covenants and aareements made in the Trust Deed, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of ~%. The Note interest rate may be increased ol" decre?:, j on each Change Date, as described in the Note. Changes in the int<.: ~st rate are governed by changes in an "Index." The Index is the U.S. Treasury Securities-One Year. The weekly average yield of one year U.S, Treasury Securities adjusted to a constant maturity of one year. ' , determined in the second calendar month preceding each Change Date. Such changes in interest rate wi 11 occur on fi rst of' February commenci ng February 1, 1986, and annua 11 y thereafter Increases and decreases in the interest rate are limited to a change of ~. each Change Date. If the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Note. Increases in the interest rate will result in lower payments. B. LOAN CHARGES It could be that the loan secured by the Trust Deed is subject to a, law which sets. maximum loan charges and that law isinterpreted.sothattbe interest or other loan charges collected or to be collected in connection with the loan would exceed permitted limits. In this event, tnen:,(a) any such loan chilrge shall be reduced by the amo.untnece~sary.tored.uce the charge to permitted limit; and (b}an.xsums alreild.Yq}l1e~t~df'r~m Borrower Which. exceeded permitted limits wil1.bereJund~dto~orI"O\'ler. Lender may choose to make . this reJund byreduci ng the princ.Jpal oWlld- under the Note or by making a dil'ect paymellt..to B,orrower; TRANSFER OF THE PROPERTY " ,-- - .,. -' ,- - ," - '>: ~--- : ':~:-'-' If ther!} is any transfer of the property,incluc!inga. tra!1~f:~t.de:s!cr1hll~;ti<' in Paragraph, ?~.of the Trust Deed, LendermilY req!Jtre!eitf1~f;'~J:I;'tl'l(;rll~~j;)! tn . thecun;enj: Note rate, an increase in t~~~se.lnc!el\,f49.~r!l,,;(}r;'~ of any of the.loan terms ,(is a conditi on of Lende.r;waivtn:9? tpewl'l'ttl),n a.l;ce l!lr.ate prov.ided in Paragraph 25. ' ." . .