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<br />84-- 003912
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON-
<br />TAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST
<br />RATE. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER
<br />PAYMENTS, DECREASES IN THE INTEREST RATE MAY RESULT IN
<br />LOWER PAYMENTS.
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<br />TbisRider is made this 21th....... day of J[l1le _____ 19~ andis incorporated into and
<br />sballbedeemed toamend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the"Security
<br />Insttumerlt'"}ot the same date given by the undersigned lthe "Borrower"l to secure Borrower's Note.to THE
<br />EOUtTABl.E BUILDING AND LOAN ASSOCIATION OF GRANO ISLAND. NEBRASKA (the "Lender") of the
<br />stUDe date lthe "Note", and covering the property described in the Security Instrument and located at
<br />1321 N. Shennan Pl~ Grand Is1~ NE 688~____
<br />Property Address
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<br />MODIFICATIONS. In addition to the convenants and agreements made in U-.e Security Instrument. Bor-
<br />rower and Lender further covenant and agree as follows:
<br />A, INTEREST RATE AND MONTHLY PAYMENT CHANGES:
<br />The Note has an initial interellt raU! of ll..._ %, The Not<> provides for changes in the interest rate and the
<br />monthly pa~'ment as foUow~;
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<br />(l) Rate Cbtmge Dates and Fre<j......ey The......f; Beginning in 19.85-,... the rate of interest I must pay may
<br />chaJl:p tJlthe .J::i.l:::st.______day of the montIL._..~J;;__._.._.._.lMonth After Closing Month). and on
<br />that dayever}.__.....lL.....,__.J11onth!S theroofter, Each <!aU! on whi' \he rate of interest could change is called
<br />a "Rate Change Date,"
<br />121 The 11Ide-,,; Any changes in the rote of int.er"",,, will he based on an I ndex, The" Index" isX::; the Monthly
<br />AV'l!t'agt> Yield on United StateS Treasury ","",unti"" adjusted to a constant maturity of .__,___ 6 months
<br />1L.. I vear .. J years 5 ""ars as made availab.le bv the Federal nl'"",rv" Board, or the Na.
<br />ti...nai'M~nthly M;;&~n 'C()!lt oi Funds \~nnuali1.edl to FSLlC .1 nsu~ Savinjts and Loan A~sociations, as made
<br />available hy the F(!deral Horne I.o..n Bank Board, I.Ch""k Imlv Ont' box,l
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<br />l'he finft Ind.;" figure [rn'this NOl., islll..'s2. %, It ia called th<o "OnginaJ Index," Thl' mnstre<.'ently available
<br />Index figun> as of 45 days befON ...cb Rale c.hange is "alled the "Current Index, ,.
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<br />If the Index is no iollJC& aVlUlable, the NOl" Holder will choo.8l" a new index which IS based upon comparable
<br />information. TIw Note Holder ..ill give "w nolie,' of this ('hoice.
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<br />13l CakulaUoa 01 Chaag_ BefOnl c'lll,h Change Dale, the Note Holder will determine any change in my
<br />raw of intertlllt. The Note Holder will cakul"t., my n_ int,,""'t rate by adding2.."""..._.percentage points
<br />1__._....2..%1 to the. Current Ind..... and rounding the ""mlt to the ll""~t one-eighth vf one percentage point
<br />(0,1 25%}. This roundlld am<lUnt wili be the new rate "f in\"tt'8~ Illln nltjtUred to pay,
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<br />Tbu ~'num inta~t rat~. i wi!! be requir{"f'j te pay ..Hi thi~ 108!1 wiH h~ nn more than lL '7"0. The
<br />minimum int_t rale I will be ""lulfl>(110 pa~' on thIS loa" WIll be no les. than nl(1 ",
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<br />TIw Note Holder will then determine the nl.'W amounl or my monthly payment which would be sufficient to
<br />repay the outst.andinl{ princ.ipal balanee in full on the maturity date lit 'lly new fate of interest in substantially
<br />equal payments. The result of tlus calculatiOn .s t'allt'd the" Full Payment" and will be the new amount of my
<br />monthly payment,
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<br />PROVISION "i4Iapplicabll' only If this 00" is chockt'd,
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<br />i4l Limit.... Io..,."..t Rate 10""""""": The rate of interest 1 am requirlld to pay shall never he increaslld or
<br />decrea5ed on any single Rat<, Change Date by more thlln '" from tbe rate of interest 1 have been paying.
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<br />t5l weeti_ D.te of Chang"'" Tue new rat" of iuterest wiil become effe<:tive on each Rate Change Date, I
<br />will pay the new amount of my monthly payment each month beginning on the first monthly payment date
<br />after the Rate Change Date until the amount of my monthly payment is again changed, or I have fully repaid
<br />the loan.
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<br />1$ N<Jdce of Chaage,c The Note Holder will mail or deliver to me a notice of any changes before e.ach Rate
<br />C~ Date, TIw Notiee ..rol advise me of U", new intarest rate on my loan, the amount of my new monthly
<br />pa:v-n\.8. and any additioll/ll matters which the Note Holder is required to disclose.
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<br />Provi$ioos A(7l, Al81, i\l91, and AI 101 applicable only if this box is checked.
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<br />m s......... Richt To UJalt M....t.hb Pay_a", llnle811 Sections Ai91 and At I 01 below will not permit me
<br />to do lIO..l may choose to limit the amount of tn.v new monthly payment fnllowing a Rate Change Datelo the
<br />_~ IIM_.Men flllyingmultipli<<l by the nwnw 1,07&, This amount is called the "J.imited Paynwnt," If
<br />I c:a- al.imit.ed Pa)'lJl<Mt all my _tbly paynwnt. I must gi", the Not.e Holder notice that I am doing "')
<br />'" leut '16 tli!:ya bofOi'1' my first new monthly payment is due.
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