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I 84....... 004082 ADJUSTABLE RATE LOAN RIDER r NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON. TAINS 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 lst_ day of AUQUSt. 19~ and is incorporate<! 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.toTHE EQUITABLE BUILDING AND LOAN ASSOCIATlONOF GRAND ISLANO,NEBRASKA(the"Lender'')ofthe same date (the "Note") and covering the property described in the Security Instrument and locate<! at 616 S. Madison. Grand Islcurl, NE 6!!SOl Property Address MODIFICATIONS. In addition to the convenants and agreements made in the Security Instrument, BOr' rower and Lender further covenant and agree as follows: A, INTEREST RATE AND MONTHLY PAYMENT CHANGES: The Note has an initial interest rate of --12- %. The Note provides for changesin.theinterest tate a~d;tbe' monthly payment as follows, PROVISION Al41 applkllble only if this box is chtICked, (1) Rat~ Change nates and Frequency Thereof: Beginning in 19. change in the first day of the month._ r,l}~ust IMonth AfterClosing-Ml!l1.thl; ann!,',,- that day every 12 months thereafter, Eacu ""ate on which the rate ofiilterest CQuid:~::is:~i!r a "Rate Change Date:' . . .......c (2) The Index: Any changes in the rate of interest will he based on an Index, The "Index': isCXtb.e~dnthlt Average Yield on United States Treasury st"Curit.ies u.dj~c~ to a constant maturity of _6mQDtIl$:' ...-lL_l year .__.....:1 year8___.._5 years as made available by the Federal Reserve Board. orO th~;Na-'o, donal Monthly .Median Cost of Funds lannualized} to FSLlC In...ured Savings and Loan As~tions,.llsmade' available by the Federal Horn... l.oan Bank Board. IChl.'Ck onl)' one box.! The iirst Index figure f(lt' this Note is J.Lli6%, It is called the "Original Index, .. The m05tJ'e,cootlYllVllililbli . Index figure as of 45 days hefore each Rate charnw is called the "Current Index," If the Index is no ionger available, the Note Hoider will choose a new index which i3 based UJl91\ comparable ~nfO!"!!u!tiO!1. "'!''he Nut...e Holder will give me notice Qf thi5 ch.ok'-e. 0) C.akuJati.on of Change<<: Before ..ach ChaUj.,'t1 Date. the Note Holder will detllnnineanyc:iulngll:in.~ rate of inLere8L The Note Holder will calculate my new interest rate byaddin8~tlIgecJl(lilll'.ll;'" I_...:L....... <H U) the Current lodex and rounding the result to tb.e nearest one-eighth of on&.~~~" .. 10,125%1. This rounded amount will be the new rate 01 interest 1 am requlred' 1;0. pay, . . ThtllUaximult! jnle~t ta~~ 1 ~-jH ~Jt'; ~th~ Ln lld)' on tbjfj- ;oan wm lM- ftoJ'I.I\ihtdwU ,_~~~-~,:$~; minimum Ulteresl. rale I will I,.. required 10 pay ~m this loon will be no less than --:sJ/.a-- %. Th" Note Holder will then d"termine tbe new amount of my monthly payment which woulclb&llIlffi_~.1lo " tllpay the outsr.anding prim,ipal halam'<l in full on the maturity date at my Il&W rate llf lnterestin.~~ti8Ull", equal paym>>nts. The result of this calculation is called the "Full Pa)'ment" and will be the newamoimtofmy monthly payment. i41 Limit on Interest Rat., locreases: The rate of interest I am rt'quired to pay shall never be in~. or' decreased on aoy sln~le Rate Chang<' Date by mar;, than ':;-. from the rate of interest I have been paying,. iSl EUedivt> Date of Cbangs: TIw new nit., of interest will become effective on each Ral,a C~ Date.. 1 will pay the lUlW amount. 01 my montbly payme.m <'lIeh month beginning on the first monthly payment date after the Raw Change Date until the amount of my monthly payment is again changed. or I have fully.repaid the loan. t6l Nod<< 01 Changes: The .Sote Holder will mail or deliver to me" notice of any changes hefore each Rate C~ Date, The Notice will advise me of the new interest rate on my loan. the amount of m)' new monLhly paytnefll.S, and any additional mat.ters which t.he Note Holder is required to disclose, Provi"ioM ;,\7). At>il. At9l. .."J .." H)! "I'plkabk only If this box is dll>ckl..!, L m 8ort0"'er'~ Rlgllt To Limit Monthly I'ayment: Unltlss s....uons AWl and AOOl below will not !Wrmit me to do llU, 1 ill4Y choose to Umit tbe amount 01 my lWW monthly payment following a Rall' CluIn~' Date to thl' amount 1 haw ~n payill8 multiplied by the number 1075. This amount is cail.'d the "Limit...! Payment."' If I d..)(~"" .. Un.\Jw(\ P:'j,mmt as my mont.hly' I'''y"wnt, I must ~lve the 1'01,' Hold..;- notice that I am d<ling so allMi( }t, d6>'~ het'ort- my fast new monthly ~~)'o)tml is ,h.1t!