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<br />84-004021
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />This Rider is made this ~Ot:h. day of_._~_o.I~__. 19~and isincorporatedinJ;a'and
<br />shall be doomed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (th'tl",$eCurio/
<br />Instrument"} of the same date given by the undersigned (the "Borrower") tosccureBolTowerts N~toTffE<;
<br />EQUITABLE BUILDING AND LQAN ASSOCIATIONOFGRANDISLANO; NEBRASKA (thePLender") oUhe
<br />same date (the "Note") and covering the property described in the Security Instrument and located ,at
<br />__.--J..41a.~_-IlilMi, NE68801
<br />Property Addre,'ls
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<br />MODIFICATIONS, In addition to the convenants and agreements made in the Security histrument, Bot-
<br />rower and Lender further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES:
<br />The Note has an initial interest rate of _.12.._%, The Note provides for changes in the interest rate and the
<br />monthly payment a8 follows:
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON.
<br />TAINS A PROVISION ALLOWINGF()R ClIANG$1NTHEINTEREST
<br />RATE..INCREASES IN THEINTERESTRATE.WILL Rl!:SULTIN'HIGHl!:R
<br />PAYMl!:NTS. DECREASES IN TlIE INTl!:RESTRATEMAYRl!:SuLTIN
<br />LOWE~I PAYMENTS,
<br />
<br />(I) Rate Change Dates and Frequency Thereof: Beginning in 19.s5..-, the rate of interest! mustpaYlIlay
<br />change in the f.irst....__dav of the month Auqust (Month After Closing Month); and on
<br />that day every J < ....Jilo~ths thereafter, Each date on which the rate of interest could change:is ealled,
<br />a "Rate Change Date,"
<br />(2) The Index: Any changes in the rate of interest will be based c.. an Index, The "Index" is \Xl the Monthl..v
<br />Average Yield on United Slates Treasu,"y $eCurjti,,~ adjusted I. " constant maturity of ._ 6 months
<br />.._-X-l year ~____3 years ~ ____.._5 years as m>.,'.: available by the Federal Reserve Board. or L1 the Na-
<br />tional Mont.hly Median ('Dst of Funds (annualizedl to F'SLlC Insured Savings and Loan Associations, as made
<br />available by tile Federal Home 1,'>>In Bank Board. iCbeck onl~' one box.!
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<br />The first Index figure for this Nott! is ..llL..SO:\:. It. is called the "Original Index, "The most recently available
<br />Index figure a" of 45 days before each Rat!! chfll1!,.... is called the "Current Index,"
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<br />If the Index is no IQng,lr available, the Note Holder will choose a new index which is based. upon comparable
<br />information, The Note Hoider will 1O\'e me notiL'" of this choice,
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<br />(31 Calculation oC Changes: Before each Cbange Date, the Note Holder will determine any change in my
<br />rate of intel'e$l. The Note Holder will calculate my n..w intel'eSL rate by adding .2L__.._pereent.age points
<br />L.__.L5"u t.o the Current I ade" and rounding the result to th" n".arOiOSt one-eighth of one percentage point
<br />10,125%1, This rounded amount will be the new rate of intertlst i am required tu pay.
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<br />The maximum interest rate I will b.- r''qumod to pay on tbb loan will he no more than .l5........._._ %, The
<br />tninimum int.erest rate I will tw n~quired to pay (in this loan y.till be no-less than .n/..a_~"H(!i;",
<br />
<br />The Note Holdl'.t will tnl'n determme the new amount of my monthly payment which would be suWeien~ to
<br />repay the outstanding principal bala",,,, in full on thl' maturity date at my new rate of interest in substantially
<br />equal payments. The result o( this cakulation is caliI'd the "Full Payment" and will be the new amount of my
<br />monthly payment,
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<br />'X PROVISION Ai41 applicable only if this box is checked.
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<br />(41 Limit on Inte....st Rate Increases; Tbe raW of mtNest I am r>>quired to pay shall never be increased. or
<br />decreased on any single Rate Change Date by more than l.~_ ", from the rate of interest I have been paying,
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<br />(5t Effective Date of Cba.ngl.'6: The new rate of interest will become effective on each Rate Change Date. I
<br />will pay the new amount of my montbly payment each month beginning on the first monthly payment date
<br />after the Rate Chang... Date until th... amuunt of my monthly payment is again changed, or I have Cully repaid
<br />the IQan.
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<br />IIll Notke of Changes:: The Note Holder will mail or deliver to me a aotice of any changes before each Rate
<br />Change nate, The Notie" will advise me of the new interest rat" on my loan, the amount of my new monthly
<br />payments, and any additional matters whi<:h the Not" Holder is required to disclose,
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<br />Pr'wisillM AI71, A(81, A191. and A{lO)llpplic"ble only if this bOl< h checked.
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<br />m Bonowll1"..lUght To Limit Mouthly Payment; Unless Sections Al91 and All 01 beluw will not parmit me
<br />t.o do!lO, 1 llUl.y dlOOlW to limit th. amount of my m.'w monthly payment following a HaUl Change Oat.. to Lhe
<br />amount I hav.. t-n payiltg multiplied by the number 1m!" This amount is "aUed th" "Limit.,.j Payment."' If
<br />1 chonse ~ Limtt.ed POYllumt lt8- my l1\unthly p.uYl-nent~ I fB.Ust !,rlVt\ tht, Not.{~ Iloldt~r nolift~ t.hat. 1 am. doint< so
<br />at I_t H, day'~ I...ton, my firM new munthly I",)'n""'t i, du..,
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