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<br />84........; 005696
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<br />ADJUSTABLE RATELOANRIDEB
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<br />NOTICE: TBESECuJU'n lN8T.U~Sl<<IDRESA~
<br />TAINSA PRovtSlON ALLOWfNG'F()R'.CID\lliGESIN~;I_.. .... ....,. ....'
<br />RATE. INCREASES INTHEINTEBESTRATEWIULRSStm'f~;lU(i~
<br />PAYMENTS.. DJ<<mEASES IN, TBEINTEREST, RATIi.lMAY;IUBUL'IlIN'
<br />LOWER. PAYMENTS,
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<br />This Rider is made this ~ day of OCtOber .19 Mandill' ..' ."
<br />shaH be deemed to amend and supplement the. Mortgage, Deed of Trust, orDeedto~DeDt\l
<br />Instrument"} of~ same date given by the undersigned {the. "&rrower'ltosec:ure~$
<br />EQUITABLE BUILDING AND LDAN ASSOCIAnO.NOF GRANOISI.AND.NEBR~KA!I;lie". ....... .... ..'
<br />same date (the "Note"} and covering the property described in the Security Instnumlntand~1at';.
<br />210 N. Piper *7. Grand ISlarth NE ' ... .
<br />Property Address --
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<br />MODIFICATIONS. In addition to the convenants and agreements made in the Securitylru;t.rmnellt;J3or.
<br />roW'e- and ~ fur"her oovenant liJ:,o agree as fOLv~:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES:
<br />The Note has an initial int.erest rate of ~ %, The Note po >'vides for c~ in the interestrate and the
<br />monthly payment as follows:
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<br />(U Rate C~e Dates aed !o"requeney 't~: BegiIl..niTl-.g in 19--85- the rete of int...erest-I must:pay~ma)!L
<br />change in the f'i rl'lr day of the month ~r (Month Aftet- ClosingMOIlth}. and On
<br />that day every 12 months thereafter, Each date Oll which the rate of interest could change is called
<br />a .. Rate Change uate.
<br />(2) The Index: Any changes in the rate of interest will be based on an Index. The" Index" is !Xl the Monthly
<br />Average Yieid on United States Trt:'asury securities adjusted to a constant maturity of _ 6 months
<br />.-L-l year____.3 years __..___5 yt:'MS as made available by the Federal Reserve Board. or [] theNa-
<br />tionsl Monthly Median Cost oj' Funds lannualized) to FSLlC Insured Savings and Loan Associations. as made
<br />available by the Federal Home Loan Bank Board, (Chock only one box,l
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<br />The first Index figure for this Note i~ ':;" It iscalled the "Original Index," The most recently available
<br />Index figure as of 45 days bej'ore each Rate change is called the "Current Index."
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<br />If tbe index is no longer available, the Note Hoider wiil choose a new index which is based upon compall\ble
<br />inf<''1nstio!l, Thp Not~ HnUlp.r wjn elvp m~ nt)tj('~ of t I1j~ (.;ht:tk~\
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<br />(31 Calculation of Changes: Before each Change Date. the Note Holdes will dC""ennine any change in my
<br />rate of interest, The Note Holder will cakulate my new interest rate by adding 2--percentage points
<br />1_.2...-.. "H to the Current I ndex and rounding the result to t he nearest one-e!ghth of one percentage point
<br />u'\ 1 (}r:.nt , ~:_ ____....I_...l ____~h_.. _...:u 1..._ ..L_ ____ __,,_ _~ ~_..___... r __ _____':__-1 -<-_ _ ___
<br />~v...l....v -l.'," lU"'''..... lVUJ........,<:..... ,,",LU'VU.U'" ....U.J. ~ l-U,", uew .qt,.\..~ UJ. lU"~.lC~l. .I. UtU t~UU_~ \-u pay.
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<br />The maximum mterest rate I will be r<'quin>d to pay on this loan will be no more than .l5!---%, The
<br />minimum intesest rate I will i~ l'f'<juin..:llo pay on this loan will he no less than _!1/A.__.'"",
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<br />The Note Holder will then determin.. the new amount of my monthly payment which would be sufficient to
<br />repay the outst<lnding prindpal halllnc!' in full on t h., m9tllrity Gate at my new mte of intereBt in substantially
<br />equal payments, Th.. result of thIS <'akulatto/l is called th.. "Full Payment" and will be the new amount of my
<br />monthly payment.
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<br />PROVISION A,4; applicable onl)' if this box is ('hocked,
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<br />toll Limit on lnte......t Rate Increases: The ral<' 01 intt:'rest I am t<'quired to pay shall never be increased or
<br />rlecreassO on an~o singh- Rate Change Dale by more than " irom the rate ollOter..st I hav>, been pa)'illgo
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<br />151 Effective Date of Changrs; The new rate of interest will become l'ffective on each Rate Change Dateo I
<br />will pay the new amount of my monthly payment each month beginning on the fIrst monthly payment date
<br />after the Rate Change Date until the amount of my ",onthly payment is again changed. or I have fully repaid
<br />the 1000n,
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<br />161 NoUee of Changes: The Note Holder will mail or deliwr to mt' a notice of an)' ('hallges before each Rate
<br />Change Date. The Notice will advise me of the new interest rate on mv loan, th.. amount of mv new monthly
<br />paymellts, and any additional matters which the Note Holder is l'f'<juired to disclose,' .
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<br />". Provisions A\7I. An!}, A\91. and AOO! applicanl;; unly if th,s box is "h""kt'li.
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<br />m ~'..R..lot To Limit Montbly Pay",,,,,,: Unless &ct.ions Al9/and Ai 101 below will not pt'rmit lnt'
<br />to do 00, 1 may choose to limit tbe amount of my new monthly paynl€nt iollovl'in;: a Hate Chan.liJt' nate \{) th..
<br />amount 1 have ~ payillllW:Jtiplied by the number 1.075, This amount is ('aUI'd the "Limited Payment," If
<br />I c~ a Limited l'&yn_II1" my monthly payment, I nms! giv.. the Note Holdt'r notic.. that I lllll doing so
<br />allM!!l II> dIly" beforo my tint ll<!W monthly IlaY1Tlt'nl l~ due
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