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<br />84 - 004849
<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTEWHICH.cpI!r;
<br />T AINS A PROVISION .AlLOWING. FOR CHANGBSIN.THEIN'l'ERES'f
<br />RATE. INCREASES IN THE INTEREST R..4.TE WILL RE8UL'rlNlUGBER
<br />PAYMENTS. DECREASES IN THE INTEREST RATEMAYBE8ULTUr
<br />LOWER PAYMENTS.
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<br />This Rider is made this .M:t11- day of ~t.aDber 19...,aL-and illim:~"
<br />shall be deemed to amend and supplement the Mortgage, Deed ofTrust,orDeedto~Debt;{t~.'! ..),-
<br />Instrument"} of the same date given by the undersigned (the "BOlTOWer"1 tosecure~er'8:-JVI) ." ..... .... ,}, .'
<br />EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRAND ISlAND. NEBRASKA(tbe ~'l~!J:i)ftbec!
<br />same date (the "Note") and covering the property described in the Security Instrumentandloeatecht:
<br />2208 Bralmi, GraJ'ld ISlaJ'ld, NE 68801 .
<br />Property AddrelJs
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<br />MODIFICATIONS. In addition to the convenants and agreements made in the Security InstruJne!1t'lfi!Jr;<
<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 int:.welltratEnllld~ .
<br />monthly payment as follows: . .. ...
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<br />(1) lliate Chang,e Dates and Frequency Thereof: Be~nning!n 1~ ~ ihllrateofin~tl~P!Q;',ll*Y:
<br />change In the ". fl rst .,,__day of the month.._..._~_ _(M"",th Aftet CIomngM~.~~'
<br />that day every _._.ll..._._..months thereafter, Each date :lhich the raw (If interest eould~ia (!tI~':
<br />a "Rate Cbange Date." . . .' ."
<br />(2) The Index: Any changeg in the rate of interest will be based on an Index, The "Index" isK!theM~:"
<br />Average Yield on Uniti'd States Treasury securities adjusted to a constantmaturityof~ 6~-
<br />.Ji........l yt>.ar ........_....3 Yf!.ars.......5 Vears as made available by the Federal Reserve Board,orOtheNih'
<br />tional Monthly Median Cost of Funds lannuali7.edi to FSLIC Insurf!d Savings and Loan As.sociationll,asl1lade.-
<br />available by the Federal Home Loan Bank Board, ICheck only one box,)
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<br />The first Index figure for this Note i...:L2...Qi.. %, It is called the "Original Index." The moat recently avaiJllble.
<br />Index figure as of 45 days before each .Rate change is called the "Current Index,"
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<br />I f the Index is no longer available, the Note JI()lder will choose a new index which is hallfJd upon comparable
<br />information. Tne Note Holder wHi gt\'C me notice of this choice,
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<br />13} Calwlaotion of Chang"". Before ,'neh Change Date, the Note Holder will determine any change in my
<br />rate of intere.~t, The Note Holder ",ill calculate my new interest rate by adding 2........_percentllg& points
<br />1_.2..._._%i to the Current Index and rounding the result to the nearest one-eighth of one percentage-point
<br />(o,125%j. This rounded amount will be the new rate of interest I am required to pay,
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<br />The maximum IIlterest rate I will be f{'(luired to pa~' on this loan will be no more than .....15-_%, The
<br />minimum int-eft'st rat,' ! will IX' r"'luired to plt~i on thIS loan will be no less than .n/.1fl.....-- %.
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<br />The Note Holder will then det.~rmine th,. new amount of my monthly payment which would be sufficient to
<br />repay the outst.anding prindpal balance in full On the maturity date at my new rate of interest in substantially
<br />equal payments, The result of this I,akulation is called the "Full Payment" find will be the new amount of my
<br />monthly payment.
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<br />PROVISION Ai4) applicable only if this box is checked.
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<br />141 Limit on Interest Rate lnc...."""..: Thl' rate of imerest I am required to pay shall never be increased or
<br />decrealWd on Itny single Hatt' Change Date by more than ,., from the rate of inwrest I have bren paying,
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<br />i51 t:ffecuvt' Date or Changee: The new rat.. of interest will bt.",ome efk",tive on each Rate Change Date. I
<br />will pay the oow amount of my monthly payment each month beginning on the first monthly payment date
<br />after the Rate Chan~ Date until the amount of my momhly payment is again changed, or I have fully repaid
<br />the loan,
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<br />(61 NotK:t' of Chang"": The Note Holder will mail or deliver to me a notice of any changes before each Rate
<br />Change Date. Tbe Notice will advls,' Ult! of the new interest rat{. on mv loan. th.. amollnt of my new monthly
<br />pay'nwnt.., and any additIonal matt"" whkh the Note Holder is r"'jll'ired to disdos...' ,
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<br />Provi..."ns ,\l7l. _'\flli, A!!II. alld ,\11 O! appl.icable only If this hox is ch,,,.k.<!d,
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<br />m BorTvwv'l! Right To Limit tth'ntld,)' Payment: Linlt'Ss s.,,'tions Ail!} and "\1101 b"low w,ll not pt.m"it, Int'
<br />to do "'J. I may d:\Q()5(> to limit tbf! a!ll{}unt of my new monthly pnym''llt folluwlOl( a Hate Chao!,,,, Dute to the
<br />Illllount I bav" l>e<m parii'll( multiplil>d hy th., rmmt..,r ) .tl7i>. This amount is c"ll."j tfw "Limited Payment." If
<br />1 thoo..., It Limited Payment a~ my monthly paym,mt. I must j(ive tilt' Nntf' Holder notle" that I !l~1 doin!, ,0
<br />Ill. IMl<!. I fi day" hel..,.. my fir"t rww monthly' !,aynwlll i.., du.'
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