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<br />004551
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<br />NOTICE: THE SE,qJRIT'lINSTRUMENT SECURES ANO'1'EWHICHCpNTAINS
<br />A PROVISION A'LtoWINGFOR CHANGES IN THE INTERESTR.:A'f:"Er IN::
<br />CREASES IN THE'INTEREST RATE WILL RESULTINHIGHER:PA/YJVf;E:
<br />DECREASES IN THE INTEREST RATE WILL RESULT IN LOWERPAYMli'i
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<br />This Rider is made this ...3Qth.....,... day of ,.......lm<;mRt.........,....,..,." 19..J?,tandi~il1e()rp~r#!!(V
<br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deedt<lSecurE('Ili\~tC"i
<br />(the "Security Instrument") of the same date given by the undersigned (the"Borrower")t<lsecu~:{~o~_c:
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<br />rower's Note to ". ,m",,' ....... ........ ......'..,. ....... ............,........ ............. ,... ,.. ,......" ....... ....,..._...,:_....un_"'__'__',,"'n"..~"",_;'"
<br />l"iE.s.~"l",~d,~r.~.~,..S.~y_i'!!';~...'!!1.d.n~~.~..~.~.~_22!.a_1;.~,2!'!..qK..J:.c!!)9!?J!!.,,_,~,..\.!n;l..t~g,.i?,tJ.;j;Jl~;..Q9.rJ)P1tat1.oll.:"""
<br />(the "Lender") of the same date (the "Note") and covering the property describedintheSecuntr'IJ:lstnl"C
<br />ment and located at .~~()_8...!I()rn.e.S.~E!!i2....... ... ,.....,........ ..........,....,...Grand..I.sland,...Nebr.asla3--c68BtJ.:tc,.........
<br />Property Address '. .
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />MODIFICATIONS, In addition to the covenant. and agreements made in the Security Instlument;Bor-
<br />rower and Lender further covenant and agree as follows:
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<br />A, INTEREST RATE AND MONTHLY PAYMENT CHANGES
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<br />The Note has an "Initial Interest Rate" oL....13.,.![QQ..... %
<br />Interest rate changes may occur nn the 1 at day of
<br />] st day of _____uOB_n._ mumm.ht:1_-?:r..~h_._.m_.__, 19~Q._ _ ar!.d ~E LA- lst day C)f _ ___ ______JJJne~~._o. ~-~~1 19..B6,;',o
<br />and on the 1st day of .,.,......,...............!?gRj;!<!!!b.(~r.., 19.!l!l.., and on those dates of those months in every
<br />year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date".
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<br />Changes in principal and interest payments to adjust amortization of the loan to correspond with
<br />interest rate changes shall be made on the 1st day of ,......,.....................,.Seotembllr-...." 1986.... and on that
<br />date every ...,.... . year(s) thereafter. Each date on which the prim:ipal and interest payment may
<br />chan/(e will be called a "Payment Change Date",
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<br />Changes in the interest rate are governed by changes in an interest rate index called the "Index".
<br />Check hox(es) to indi~'ate Index,
<br />(1) 0 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all
<br />Major Types of Lenders" published by the Federal Home Loan Bank Board,
<br />(2) :[.1 ArUlJS,t1\bl,e..Rat.e...Note,.".. J1onthl}C..av.erage. yiel.d..on,. U.S... T.r.easur.y..Sec.ur-iti,esuh
<br />ad j us t,"lrt.t.9... sL ,G.Q.n~j;ant. .ro.at,ur. i,ty.. Q f.. .1..)1 ear... pub.l ishe!.i.,. bl'. .t.he.. E.ede "al-..R eSel've, .Boar-d...,
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<br />Check box(es) to indicate limits,
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<br />(I) 0 If this box is checked, there will be no maximum limit on changes in the interest rate up or
<br />down, The Preliminary Rate referred tD in the Note, will he the new interest rate,
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<br />(2) [J If this box is checked, the interest rate that I pay shall not increase more than ..
<br />percentage points on any Rate Change Date,
<br />(3) L:::: If this box is checked, the interest rate that I pay shall not decrease more than,
<br />percentage points on any Hati' Change Date,
<br />(4) [] Ii this box is checked, the interest rate that I pav shall never he more than ..11l-.,Cl!;()...... %
<br />during the period I have my loan, . .
<br />(5) [] If this box is checked, the interest rate that I pay shall never be less than ..1Q..,91)()..n.. %
<br />durin/( the period I have my loan,
<br />(6) If this box is checked, the principal and interest payment that I pay shall not increase more
<br />than percent on any Payment. Change Date,
<br />(7) C If this box is checked, the principal and interest payment that I pay shall not decrease more
<br />than '........h percent on any Payment Change Date,
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<br />The monthly payment amounts will also change on Payment Change Dates as provided in the Not<l.
<br />Because payment changes may occur less often than interest rate changes and/or may be subject to certain
<br />limitations described in the Note, the monthly payments may be insufficient at .times to pay accruing
<br />interest. In such case, unpaid interest is added to the principal balance of the Note and itself will accrue
<br />interest thereafter.
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