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<br />84 - 005062
<br />ADJUSTABLE RATE LOAN RIDER
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<br />.....~_..... --.."".... r..__......__..... ..........r.-._........_..._ ....._........._~CI ... -,T_trl'r.l '''1''I''.''Y'' ~^"'l'
<br />nVJIvEh In.Ei !3o.l!l\JUnlll. h'l:J".rUJMJ:!.i1'tl ~.(!,~lJn~o l'\. nv.lCl nfi.l.'--'" ,-,un.
<br />TAINS A PROVISION ALLOWlNG FOR CHANGES IN THE INTEREST
<br />RATE, INCREASES IN THE INTER&..CilT It.~TE WILL RESULT IN HIGHER
<br />PAYMENTS. DECREASES IN THE INTEREST RATE MAY RESULT L"l
<br />LOWER PAYMENTS.
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<br />This Rider is mad.. this _-2?~_ day oL~Ptembe~:....._. 19~ and is incorporated into and
<br />shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Deed to Secure Debt (the "Security
<br />Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to THE
<br />EQUITABLE BUILDING AND LOAN ASSOCIATION OF GRANO ISLAND, NEBRASKA (the "Lender") of the
<br />same date Ithe "Note"} and covmng the property described in the Security Instrument and located at
<br />____ RR ~Box ~Gram 151~-,-NE ____
<br />Property Address
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<br />MODIFICATIONS, In addition to the convenants and agreements made in the Security Instrument, Bor-
<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 ll.__ %. 'The Note provides for changes in the interest rate and the
<br />monthly payment as follows:
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<br />m Rate Change Dates and Frequency Thereof: Beginning in 19.~ the rate of interest I must pay may
<br />change in the fi rst day of the month~tober (Month After Closing Month), and on
<br />that day every 12 -.----months thereafter, Each date on which the rate of interest could change is called
<br />a "Rate Change Date,"
<br />(2~ T!;; !;de~; Ai;y ch~~ i:fi the .fate .f:";f i:i'ite..=i:-qt ;;'iH hi:' b~:7ed C~ ~~ 1;j-;:l-eJ{. T!:-e uh:-da~" is [Xt~M~!-.h!y
<br />Avelage Yi..ld on United States Treasury .ocurities a(!iu;,~,., to a c.onste.l't maturity of _ 6 months
<br />.X-_l year _____3 y..arll _ __..5 years itS mad.. I! "!lol.. by the :;'oo"ra! Reserve Board, or Ll the Na-
<br />tional Monthly Median Cost of Funds iannuabzedl to fSLlC Insured Savings and Loan Associations, as made
<br />available by the Fooeral Hum.. Loan Bank Hoard, tChe..'k only nne box,j
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<br />The first Index figure for this Not<' is ll...lla%. It is called the "Original Index, "The most recently available
<br />Index figure as of 45 days before ,,"ch Rate change ill called the "Current Index,"
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<br />If the Index is no longer available, the Note Holder wiii choose Ii new index which is based. upon comparable
<br />information, The Note Holder will givi' me notke of this choice,
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<br />(31 Calculation of Changt"8' Before each Change Date. the Note Holder will determine an,v change in my
<br />rate of interest, 'The Note Holder will calculate my new interest rate by adding __L-percentagv points
<br />L....L..,...c:hj to the Current Index und rounding the result to the nearest one-eighth of one percentage point
<br />(0,125%1, This roundoo amount will he the new rate d interest. I am required to pay.
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<br />The maximum inte1<'St rut<~ I w,ll I.., requJred lo pay on this loan will be no more than m--- %, The
<br />minimum int...rest rate I will h.> requirerllo pay Oil this loon will be no less than niA_. ,+.
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<br />'The Note Holder will then tletermine the new amount of my monthly payment which would be sufficient to
<br />repay l.he outstanding principal balant'(' in full on the maturity date at my new rate of interest in substantially
<br />equal payments, The result of this calculation is called the "Full Payment" and will be the new amount of my
<br />monthly paynlt!nL
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<br />PROVISION Alol1 applicable only if this box is checked,
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<br />(41 Limit on lote......t Rale lonea..es: The rate of int...rtlst I am rl'Quiroo to pay shall never be increased or
<br />decreased on any single Halt' Chang" flaw by more than ('" from the rate of interest I have been paying,
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<br />is. Effective Date or Chllllg"": The new rate of interest will become effective on each Rate Change Date, I
<br />will pay the new amount: of my monthly payment ":.1"h month beginning on the first monthly payment date
<br />after the Rate Change Dale until the amoum of my monthly paynltlnl is again changed. or I have fully repaid
<br />tbeloan
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<br />161 Notic:e of Chaages: The Nole Hold.'!' will mail or deb"",. to ml''' notie<' of lIny changes before each Rat"
<br />Change Date, The Notke will advise m.. of tlw new mte'n'st rate on my loon, the' amount of my new monthly
<br />payments. and any additional matters which th.. Notl' Holder ,>< rt'ljuired to disdose,
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<br />Provisions Al7i,l\181. AI91. alld AilUi applieaul.. only If this box IS dll.'ck.><l,
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<br />m 8orn>wer'a Rlaht To Umit Mont.hly Pay'ment: Unless Sections Ai\H lInd AWII below will not ptlrmit me
<br />to do so, I fllll)' choOMl t" limit t,", amount of my II,'W monthly paynlent following 1\ Raw Change Date to the
<br />IImf>Wtt I hav" been pIlying l"di.,p;,~,~ :,~. . hI' number 1.015. This amount is l'>11l.>d t,", "Limit.eod Payment." If
<br />1 ci\()o&~ a i..irulttC PByn:mnt as 111); JHOillhly [lily :--~.el:it. i i1Hi..'Sl ~iV(l thtt ~ott; Hulder m~lke that. 1 ~Ull dniil~ ,So
<br />lit 1(l4"t. 15 day" hefore llly fitlit fll'" "'HI1I.hly I....y,n"nl " <iu..
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