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r 84- 004232 ADJUSTABLE RATE LOAN R1DER r NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WmCH CON. TAIl"-':S A PROVISION ALLOW-ING FOR CHANGES iN TH.E. '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 lOth day of August . 19~ and is incorporated intoane shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Sec-urity Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to THE EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRAND ISLAND. NEBRASKA (the "Lender"lofthe same date (the "Note") and covering the property described in the Security Instrument and located at lS32 She:onan Court. Gran::! Islan::!. NE 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 .....l.2.---- %, The Note provides for changes in the interest rate and the monthly payment as follows: 12 m:mths fran due date of first payment (1) Rate Change Dates and Frequency Thereof: Beginninl!~(~he rate of interest I must pay may changelinthe first dayofthemont~-=. '~'andon that day every -----1.2.__ months ther% ft~T, Ea-: h date (: .. ,vhich the rate of interest could c~~ is ca.Had- a "Rate Change Date:' (2) The Inde:.:: Any changes in the rate of interest will be based on an Index, The "Index" is Xl the Monthly Average Yield on United States Treasury securities adjusted to a constant maturity of _ 6 months ._X-.J vear _....;1 years _~__5 years as made available by the Federal Reserve Board. or CJ the Na- tional M~nthly Median 'Cost of Funds (annualizedl to fSLIC Insured Savings and Loan Associations. as made availahle by the Federal Hom.. Loan Bank Board, ICheck only one box,l The first Index figure for this Note lS ..J.Q.U4~"- I t is called the "Original Index," The most recently available Index figure as of 45 days hefore t'''ch Hate chanl'(e is ralled the "Current Index." If the Index is no longer avadablt', the 1';ote Holder will choose a new ind.,x which is based upon comparable information, The Note Holder will give me not ire of this choice, 131 Calculation of Cban!!",": BeIore each Chanl'(t' Date, the 1';ote Holder will determine any change in my rate of interest. The Note Holder will cakulate my new interest rate by adding ..2-.___percentage points L.._2-..__ '~'I to the Current Index and wunding the result to the nearest one-eigbth of one percentage point (0,125%), This rounded amount wiH bp the new rale of interest I arn r~uired to pay. , The maxilnuul interest rate i will b{' required to pay on this loan will be no more than l4-~.____ (-"{, , The nlinimunl inwf1:"St ralt' i will b(. rt;.~Ulred to pay Of} thi:-; loan wili be no les~ than "N/A. 1'1:, The Not.. Hold.... will ttwo d.,t..rmim' the new amount 01 my monthly payment which would be sufficient to repay the outstanding principal balance III full on tht.' maturity date at my new rate nf interest in substantially equal paynlt'nts, Thl' result of this cakulation is called the 'Full Payment" and will be the nl'w amount of my monthly payment. PI{OV ISIU:\ AI41 applit'able only if this box " checked, t.t} limit on Intel'e!!jt Rate lni..~r-t'~: Th(>' rule of iBlpre~t I am n.quin'ti to pay shall never be incn~aSt~d or decrt'cl:red on ilny singh,' Hau:" Changl~ Date by fnurl! than t-: from the rate of inten:'sll have been paying. (51 Effective Date of Changes: The nl'W raw of inter"st wlll become ..flcctlve on each Hate Change Date, I will pay the ne",' 8nlount of my HH.Hlthly payment ea\.'h munth beginning on the first monthly payment dute after the Rate Change DatA' untd the amount of my monthly payment i, again changed, 01' I have fully repaid the loan. (6) Notice of Changes: The Note Holder will ma!i or d~.ijver l-o me a notict! of any changes before t~at;h Rate Change Date. The Notice will advise m\:' of the n~w intcn~sl ratt~ on Iny Io.an. the amount uf my nt"W monthly pay.menL.."'i. and any additional matwts which the !\;ote Hoidt:r j~ rL'quin'Ki to disdmw. Provisions At7I, A(!'f.). Am.l. ,lOti AIlUt applu:<:iuic only Ii this box l~ ch..~.:kl'd. L l71 Borrower's Right To Limit Monthly Payment: Unl,,", ~tlOns ;\t\II and ;\Wl! '"'low will not P<'fIlllt nw Ceu do so, 1 nlay c.h()o~ lo limit the, amount of my nt.~v." monthi.v pa)'ment.. toHOWlug it Huu' ChanKf.l Dale to the arnount I ha'\!0 been paying multiplied hy tht': nUmbt'f I_if/fl. Thl~ dtHOunt l~ ("<111od tht> "Lnnited Payment. If t choo.se a IJrnited Pa)'ultmt as fUY UlunthJy p{:tymt~nt, t must gJ\'l' Ln\:' .'\ot-t. I iold~~l' nnt.H'(;' that I ruo doing so Ht h_sast I fj days befure my first ntH'" monthly pHynwIH IS rhw,