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<br />84 ....., f 005281
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH roN-
<br />TAINS A PROVISION A..LLOWING FOR CHANGES IN THE INTEREST
<br />RATE, INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER
<br />PAYMENTS. DECREASES IN THE INTEP.EST F_4.TE MAY RESULT IN
<br />LOWER PAYMENTS,
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<br />This Rider is made this ~_ day Gf October, . 19JL and is ~tedintoand
<br />shall be deemed to amend and supplement the Mortgage, Deed of Trust. or Deed to SecureDebt(the..~
<br />Instrument") of the same date given by the undersigned (the "Borrower"i to secure BoJ't'Ower'8l'iote:tii~E
<br />EQUITABLE BUilDING AND LOAN ASSOCIATION OF GRANO ISLAND. NEBRASKA (the "Lettdef')cf,tI16
<br />&Sme date (the "Note") and covering the property described in the Security Instrument and Ioc:atedat- -
<br />
<br />__ 141(, R...,.rrling Tron r",l'lP, r.r"rrl T~l"rrl, NE "RM]
<br />Property Address
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<br />MODIFICATIONS. In addition to the convenants and agreements made in the SeeurityInstrument;; B0r-
<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 .~ %, The Now provides for changes in the interest rate and the.
<br />monthly payment as follows:
<br />12 mcnths fran due date of fintt J?llYDlElI1t
<br />m Rate Change Dates and Frequency Thereof: Beginning I the rate of interest I must pay may
<br />change in the fi rat day of the month. and on
<br />that day every __l2.._months tben>.after. Each date on which the rate of interest could ehan.."9 is called
<br />a "Rate Change Date,"
<br />(21 The IDdex: Any changes in the raw of interest w" '-.:' .,,-,,,ed on an h<dX, ThtJ"Index" is IX the Monthly
<br />Average Yield on United SUttl-S 1'rea"W1"Y socl,cilie,.; .l)usted to 8 constant maturity of _ I> IIlOIIW
<br />~.x.__l year__.~" 3 years _ __ __ 5 "ears as made available by the Federal Reserve Board. or 0 the Na-
<br />tional Monthly ~ledian Cost of Funds Hmnua!iz.edll-o FSLlC ll!sul't'd Savings and Loan Associations. 8llmade
<br />available by the Federal Home Loan Bank Board, ICheck only one box.!
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<br />The Iirst Index figure for this ~ote isl..:WJa'b. It is called the "Original Index." The most recently available
<br />Index figure as of 45 days before eaeh Rate change is called the "Current Index,"
<br />
<br />if the Jilde:&: is no )o~~ tlvailab!e. th~ Note Holder will r:hoo.~ ft new i~dftX which is based upon comparable
<br />information. TlW ~(){.e Hoiner will give m.e notice of this choi~.
<br />
<br />f31 CakulatioD of Cba.ages: Before ..ach Change Date, the Note Holder will determine any change in my
<br />rate of interest. The ~ote Holder will calculate my new interest rate by adding ...L~._pen:entap points
<br />L__._.L__ ~~t to the CUf'rerlt I ndi''A and rvunrlin;.; the result to the nea.-.oest o~.ghth of one pereent.:e-e point
<br />10,125'\'1, This roundro amount will be the new rate of interest I am required to pay,
<br />
<br />Tilt! maximum Illter.."t rat!' I ",ill ll<' rl'<jum'ti to pay on this loan will be no more than .ll..-_ %, The
<br />nliniulunl lnlt:'-rt-"~t nth' I 'ft-IU he r"lUin:>tl t.o pay on this loan WI!! he no less than -..n/...a..--~.'.
<br />
<br />Thto ~ote Holder willthton deternu"" the neW amount of my monthly payment which would be sufficient to
<br />repay the outstandmg principal balance in full on the maturity date at my new rate of interest in tlubstant.ially
<br />"Qual pa~'ments.. Thto ",'sult of Ihis cakulauoll is called the "Full Payment" and will be the new amount of my
<br />monthl~' paymenc
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<br />PROVISI01\ -\l4i applinlhle onJ~ if this box is checked.
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<br />i41 Limit on Intere..t Rat.. Incre8St'S: The rllte of intt'.....st I am Yloquired to pay shall never be increased or
<br />dt><.'~.a".'ti on any single Hate Chanjo(e Datt' hy more than " from lhto rilte of int~rest I have been paying,
<br />
<br /><<51 Effective Date of Cbange.., The n..... rat~ of inti'rest will become effective on each Rat.. Change Date_ I
<br />will pay the IWW amount of my monthl~' payment each month beginning on the first monthly payment date
<br />after the Rat.. Chang<' Dauo untilth... amount of my monthly payment is again changed. or I have fully repaid
<br />the loan,
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<br />t6I Notke of ChaDg..", Th,' "ob' Holder wll! mail or dell'''' to me a nollc.. of any ('hang,';; before each Rate
<br />Change Date. 'I'll" ,",otin' will advi,... me of th,' n,'''' mter,."t ratt' on nil' loan th,' amount of illY n,'w monthlv
<br />payment.... and any additional matkrs whi,'h Ih,' "ot" H,.ld,'r 15 wqu'",..J tL: disdos(',' .
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<br />Provisions "17), "-181, AHI!, and .\1 101 "ppliL'able only if thiS hox IS ch,',:k..J,
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<br />.....
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<br />171 Borrower'" Rigbt 1'0 Limit Monthly P,,)'ml'nt; I inll,s;; s.'\:tlOns\I\1l llml Ai LOI bl'lnw will not ['!'rlllit Ill"
<br />to dO!<(l. I may ,'hoo!ll' to lilllltthe "!nount of my n,.w n""l\hly p"yment lolh'Wllljo(:> Hat" Chang<' Dati> w th..
<br />amount I have be.l-n paY'lng multipll...l In tlw tltllnl,,'f 107', ThIS amount "cuUed the "Lilluted Pay'mcnc" If
<br />1 {'hoo..ii4:" a Ltnllt-t"<l Pa~}n)t"-ll[ ~b my llhHHhl) rmyi:ut'ru. 1 iUU.:,t ~h-'t' t.ht' 'lite lloldCrf :nolle". thut 1 aln tloin", so
<br />at k-a~l H, illty~ twfon' tn~' fir!o:t fl...W InuntWy ~)d)'!nt'nt IS dUl'
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