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<br />84---- 004250
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<br />ADJUSTABEERATE LO.A.NRID:eK,
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<br />NOTICE: THE SEClmITY INSTRl1MENTSECUItESANQ1.'E'
<br />TAINS APROVISIONALLOWINGFORCI1A:NGESIN;;~E .?\
<br />RATE. INCREASES1NTHE INTERESTRATEWII..L.R:J!lSIlL'i' I .'. .... ...... .n
<br />PAYMENTS, DECREASES IN THE'INTERES'I'RATE;;M~~;R~'r\IN'
<br />LOWER PAYMENTS. .
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<br />This Rider is made this 9th . day of .'. Auqust; '. .' ,1984andis;ihc0rP9l'
<br />shall he deemed to amend and supplement the Mortgage, Deed of Trust, or Deed'to~IJe~l?
<br />Instrument") of the same date given by the undersigned {the "BolTOwer") to secure'6(l1To~!,!!;N
<br />EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRANDISLAND.N.EB'fl'~~r<A'(~he"~d.,,<
<br />same date (the "Note"} and covering the property described in the Security lnstrumen,t aridlocatlld'4lt';'
<br />1416 Branding:..~~".:,,", Grand Island, NE 68801
<br />Property Address
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<br />MODI FICA TIONS, In addition to the convenants and agreements made in the Securit,y Iristrunlent','Bll!".'
<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 -D-- %, The Note provides for changesintheinterest.ratean~.thil'"
<br />monthly payment as follows: . . .... . . \,':;
<br />12mc:'.ths fmn due dateoffti::st;J?Iil,~t:
<br />(l) Rete Change Dates and Frequency Thereof: Beginning l:aQF'1L......., the rate of interest I ~;pllY;JljaJh .', .....
<br />change m the fi ,,-,,1- day of the mQnt~ QiJ:..~.."JtftlIlf~i @d.On
<br />th"t day every --12..--'!l'mths th..~",it~r. F,,,,,h d.>te on which the rate of interest couldchange~CIilled<
<br />a "Rate Change Date,"
<br />t21 The Index: Any changes in the rate of interest will he baaed onl'.n Index, The "Index" is Kl the Monthly
<br />Average Yield on United States Treasury securities adjusted to a constant maturity of_ 6 monthsc
<br />.-X-J year_3 years ,~_5 years as made available by the Federal Reserve Board; orO theNa-
<br />tiona] Monthly Median Cost of Funds \annualized~ to FSLIC Insured Savings and Loan Associations, as inade
<br />available by the Federal Home Loan Bank Board, (Check only one box,)
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<br />The first Index figure for this Note is~, It is called the "QriginaIIndex," The most recently available
<br />Index figure as of 45 days before each Rate change is called the "Current Index,"
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<br />If the Index is no longer available, the Note Holder will choose a new index which is baaed upon comparable
<br />information, The Note Holder will giye me not.iee of this choice,
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<br />(31 Calculation of Chang_ Before each Change Date. the Note Holder will determine any change in my
<br />rate of intereSt, The Note Holder will calculate my new inte.rest rate by adding ~____,__percentage pol'lts
<br />t_---2..-_ %; tc thf!, Ct.irrent Index and rOillliiin.g tb~ t~llli, to the Dearest one:-eignth or one percentage_ point
<br />(0.125%). This rounded amount will be the new rate of intereo;t I am required to pay,
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<br />The maximum lIlterest ra~ I will be required to pay on this loan will be no more than ..~4--..%, The
<br />minimum inte"",t rat" I will be r<'qUJred to pay on this loan will be no less than ..ni.fJ,.._..... %,
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<br />The Note Holder will then determine the new amount of my monthly payment which would he sufficient to
<br />repay the outstanding principal balance in full on the maturity date at my new rate of interest in substantially
<br />equal payme.nts. The result of this cakulation is called the "Full Payment:' and will be the new amount of my
<br />monthly payment.
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<br />PROVISION ;\141 applicable only if this box is checked.
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<br />(41 Limit on Inlerest Rat.. Increases: The rate of interest 1 am required to pay shall never be incr..aaed or
<br />dec.....aaed on any single Rate Change Da\{' by more thanl1/a. ", from th.. rate 01 int..rest I have been paying,
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<br />151 1'::Uective Date of Changes: The new rate of interest will become effective on each Rate Change Date, I
<br />will pay the new amount of my monthly payment eacb month beginning on the first monthly payment date
<br />after the Rate Change Date until the amount of my monthly payment is again cbangt>d, or I have fully repaid
<br />the loan,
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<br />t6l Notice of Changes: The Note Holder will mail or deliver to me a notice of any changes bdore each Rate
<br />Change Date, The Notice will advise m.. of the new interest rat.. on my loan, the amount of my new monthly
<br />payments. and any' additional matters which the Not., Holder is rl'Qu'ired to disclos",' -
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<br />Provisions A(71, A(81, A(9), and Atl O~ appli<:able only if this box IS checked.
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<br />171 IWnower's Right To Limit Monthly Payment: Unless s...:tions AI\II ami A(lOI below will :wt permit m"
<br />to do so. I may choose to Iinlit the amount of my new monthly payment following a Rate Change Dale to the
<br />amount lba"e b......n paying multiplied by the number l.075. This amount is called the "Limited Paymefll," 11
<br />I ch\lOS<l II Limited Paynll\nt as my monthly I'''ymmlt, I must giv" the Notl' 1I01d..r notic<, that I Mil doin!t so
<br />at IeaBt 1& days bef(lTe IllY first new monthly paym,'nt is dULL
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