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<br />ADJUSTABLE RATE RIDER
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<br />84!....:..J..003642
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<br />601 S. Clark, Grand I sland, Nebraska
<br />(Property Address)
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<br />The Note contains provisions allo1ringfonhanges In thein~trati. nlJle~~lio::'
<br />increases, the Borrower's montbly payments will be blgher. If tbelnterat!rate!~;ct1M!' c
<br />Borrower'smontbly payments wlIl be lower; ,
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<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made ill theSeCurity1Ilstnni!elltiJli;iriiwet:caDd'.Eeiider
<br />further covenant and agree as follows: ,::_~,::,,_--,/,:'-,,:"-,;:~:: _ ,..\';':":\-'__:-:\:;;::.:::'/~:\:'>::,-:._;:_/:
<br />:-- ::. :'- ;,- ~:' ---: ::;-.-: :'-'::-:':'; '-.,' ----::,..- <'-,: ::'.~::,>}:;:?:-~":-~ ~;
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES Cc c c.. .'. c.......... ..'e'f';;"
<br />The Note provides for an initial interest rate or 11 %, Section 4 olthe Note provides f()r cbangesin the.iri.e..~:rate'and)jiec:' .
<br />monthly payments. as follows: ;_'---.,:i :,_<,r:_'.::-?/::,~:,:;':!<'it?,~i:~':~:,
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<br />4. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES
<br />L '__ ,,_:. J-' c_ _"_'-',,:;',C
<br />(A) Change Dates <_O:__>~_'__ -, ';-'-'--':'~:~'--<~"----',-,-;
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<br />The interest rate I will pay may change on the 1 st dayof _ Sprtpmh~T'_ c_ _ _,,'- _:, :_~',~,9j:?'~5~:::':>'_~9-~1':-~-
<br />on that day of the month every 1 ;/ months thereaf!er. Ec;,. late on which my interest rate-could'c:h~geis _c31led:a ~-cCli:~e'Diuh},~' , --
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<br />;,-',---.-.'------'--'-'-;,.,.
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<br />(B) The Index ... ...............;',;'.'.
<br />Beginning with the first Change Date, my ;ai.erest rate will be based on an "'Index." The_lndex-is the weekly a'(~e yield;~~:U~~~;t~~';,.-"
<br />Treasury securities adjusted to a constant maturity of gng years. as made available by the Federal Reserve -,Bo~d~~J'Jie.-.ltlost
<br />recent Index figure available as of 45 days before each Change Date is called the HCurrent-Index." - , :>-:__';:~::- <'-:~;_~'::--':-::''-'---:'_:
<br />If the Index is no longer available, the Note HoWer will choose a new index which is based upon comparable info~atiori. 'the-Note-~oldei,:-~
<br />will give me notice of its choice.
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<br />(C) Calculation of Changes
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding two and one half pereentageJl<>ints
<br />( ? t; 070) tathe Current Index, and rounding to the nearest 1/8070. The sum win be my new interest rate. Theminimum:iiJt~restr,ate
<br />on this loan will be no less than 9 5 070. The maximum interest rate on this loan will be-no more than 14'~ S OJo~
<br />The Note Holder win then determine the amount of the monthly payment that would be sufficient to repay in full the priilcipal-.I ain
<br />expected to owe on the Change Date in substantially equal payments by the maturity date at my new interest rate. The result of thi.s calCulation
<br />will be the new amount of my monthly payment.
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<br />(D) EIfective Date or Changes
<br />My new interest rate will become effective on each Change Date. t will pay the amount of my new monthly payment beginning on the [",st
<br />monthly payment date after the Change Date urail the amount of my monthly payment changes again.
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<br />(E) Notice or Chonges
<br />The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of:
<br />(i) the new interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
<br />(Hi) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the title and telephone number of a person who will answer any question J may have regarding the notice.
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<br />B, CHARGES; LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
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<br />4. Charges; Liens. Borrower shall pay all taxes, assessments. and other charges, fines and impositions attributable to the Property which may
<br />attain a priority over this Security Instrument, and leasehold payments of ground rents, If any, In the manner provide<.i under paragraph" fte-reur
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph. and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to lender receipts evidencing such payments, Borrower shall promptly discharge any lien which has priority over thiS Security
<br />Instrument; however. Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of
<br />the obligation secured by such lien in a manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforceme_nt
<br />of such Hen in, legal proceedings which in the opinion of Lender operate 10 prevent the enforcement of the lien or forfeiture of the'Property or
<br />any part thereof; or (c) shall secure from the holder of such lien an agreement in a form ~,ati5factory to Lender subordinating such lien to this
<br />Security Instrument.
<br />If Lender determines that an or any part of the Property is subje~t LO a lien which may attain a priority over this Security Instrument. Lender
<br />shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or rake vne or morc of lhe ai.:tions set forth above within tcn
<br />days of the giving of the notice.
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<br />C, NOTICE
<br />Uniform Co\'enanl14 of the Security Instrument is amended to read as follows:
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<br />)4. Notice. Except for any notice required under applicable law to DC given in another manner, (a) any nmj\.~c t\) HOflt}wel' prov,Jed fur Hl tlus
<br />Security Instrument shaH be given by delivering it or by mailing it by first dass !Hajj [Q Borrower at the Property AJ.drc.s:; IJ( at such othtl addrc.%
<br />as Borrower may designate- by notice to Lender as provided herein, and (b) 3UY noti..:e to Lender shall be given by fir.')~ dass mail 10 1. cndcl'\.
<br />addres.s staled herein ()f to such other address as Lender may designate by notice to Borrower as pro,'ided herem. _-\n) Burin' prl~v;dt:d (~)r m thi~
<br />Security Instrument s.hall be deemed 10 have been giveri 10 Borrowf:f or l.end!:1 when r.he-n if. Ihe manner d('.\jgn~H\:d ht'1~;n
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