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<br />J4c__" 005700
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<br />ADJUSTABLE RATE LOAN R!n"RR
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<br />r-
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<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CON.
<br />TAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST
<br />RATE. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER
<br />PAYMENTS, DECREASES IN THE iNTERF..8T RATE MAY RESULT IN
<br />
<br />.. r...lI'T.'OY'lII _.. '-!'..'D"T~C'
<br />1Jt..Jw.c.n Tn-lL1'.l.EU,ao.
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<br />This Rider is made this .2.2nd.- day of Ot-f-rh>r 19~ and is incorporated into and
<br />shall he deemed to amend and supplement the Mortgage. Deed of Trost. 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 GRAND ISLAND. NEBRASKA (the "Lender"; of the
<br />same date (the" Note' 'j and covering the propE'rty described in the Security Instnnnentsnd located at
<br />_~..LN. Pi~L,l~L(;~__~~ 6a801
<br />Propeny 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 eaLp of~____ '1" The Note provides for changes in the interest rate and the
<br />monthly payment as follows:
<br />
<br />m Rate Change I)ates and Frequency Thereof; Begil'c' ',. ,j,~, th..:,....e ofinterestl mU$tpaymay
<br />change in the _._.tinit____uay of the m~nt" _.___ 11."0 .,~._tMonth After Closing Month), .and,on
<br />that du.y every__~.____,~~.Jnondls thereafter. Eaen dat.e On whkh the rate of intermt--cvuki c:h~~--isra!l6d-
<br />a "Rate Change Date."
<br />(21 The Index: Anv <'banges in the rat.e of int.erest will be hl:.sed on an Index, The "Index" IsXJ the Monthly
<br />I\v..ra~ Yield on Unit.ed States Treasury securities adjusted to a constant maturity of ._ 6 IllOIlths
<br />A.....l year ;} y,'ars " "..ars as made available by the Federal Reserve Board, or C theNa.
<br />tional t\lonthlv M",han Lost of Funds lannualizedl to FSLIC Insured Savings and Loan Associations, IlSmade
<br />avmlable hv the F.odi'ral Hu",!' Loan Bunk noard, ,Check only on.. box,)
<br />
<br />The first Indt'x fi>:ute fur t/us 1\ot., IS l2.lU''\., It is called the "Originallndex, ,. The most recently available
<br />Index Iigun' as of 4;; da,vs bdort' each itat." change IS called the "Current Index,"
<br />
<br />If th!t' Index!~ r!O Inn!;-:r !l\.~,iiahlp_ I ?if> \:nt.p HnldBr will choose a new index which is based upon comparable
<br />information, The 1\ot.. ilolder wli! "IV.. m.. notict, of this choice,
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<br />(31 Calculation of CbaDl!el': H..fore each Chan~ Date, the Note Holder will determine any change in my
<br />rate of int"rest, The ,"ote Holder will calculate my new ;nt..res!. rate by adding _..1............percentllglil points
<br />I~ '~,j to the Curn'nt Index and roundinll: Lhe rt'sult t<> Lhe ne.arest one-eighth of one pereentap point
<br />10,125'''" This roundt'<! amount will be the new rate of inteN'st I am required to pay,
<br />
<br />The n1aXlmum int-t'~st rate 1 WIll {)t> n>{luired t.o pay on this loan wiJi be no more than ~~%. The
<br />minimum intt..ltl,'st ratt. 1 wIiI h", n'tlmrt>ti to pay flU this loan win be no le-ss than nLiL.___.____ t1L
<br />
<br />'"he Not.. Holdt'r Yo'l11 tn..n d"lermm<.' th,' nt'w amount of my monthly payment which would be sufficient to
<br />repay t.he oULstandinj:' pnnnpal baian.." in full on the lllaturit~. date at my new rate of intere!lt in substantially
<br />'''lual payments. Th,. rt'sult of thts "ult-ulation IS eallt'<i the "Full Payment" and will be the new amount of my
<br />mnnt~J~' i-',,~yrra~nt.
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<br />PRO\' ISIO," '\;4) UpphCilUI.. only if this box ,s checked,
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<br />1-11 l.imit on In~t'rt'''l Ratt' Incre""",,: The rat<' of imer"st I am required to pay shall never be increased Or
<br />aocn?Bsed on an\' ~in~it' Hate Chanrtt' Dat{" by mnr~ than from the rate of inter-e-st I have been paying.
<br />
<br />tal Efft'Ctivt' Hllte of ChllD~es: The nt'w rate of imerl'st will become ..ffect,ye on each Itate Change Date, I
<br />WIll pa" thl' ',,"Yo' amuunt of my monthl" paymt'nt ..ach month hewnnin~ on the first monthly payment date
<br />after the Ratl' Chanl<" Dale until th.. amount of my monthly payment. is again chan~, or I have fully repaid
<br />t he loan,
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<br />i6l Noti.... of Cilanges: The Note Hnldl'r will mail or d,'Jiv..r to Ill<' a nOLiee of any challJreS before "aell Rate
<br />Chall-g'P Dat-E'_ The ~ot-i(~(> will advi~ rue cf the new int-erf'-st rat-t' nn my loan, thf~ amount of mv new monthh'
<br />P8-:'t'ments. and any t:dditlonal :matters whir" tht:< '\fJt-e tlo1d~~r lS noqu'lrro to dis(,'lnse.' .
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<br />PrOVHuons .\(;1, .\!~), e\!Hl. and At tW apph{'uhie \ml~' it t hi... box i~ \-twckp<!
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<br />i71 Borrow....'" Ri~bt To Limit :\tontbly P"ymt'nt: tinl"s, S,"'llOns .'\191 ltnd Ai 101 b,'low will nnt permit mt'
<br />t.) dQ !'i()-. i tHay rhooH4:' t-O Hrnit tht't ut!1ounl nf mv JWW monthly pay rn~'nt fnHowll1l{ a Hat€' ('hanJ.{e I )au) to the
<br />aftl{:r<.,H1t 1 hii\,t- ht'!t~~1 ~ \!Y1n~ rrmhrphpfj b\. ttH..- nl!l!1h~'r l_U7~), Thl~ arnount 1:0 caUe.'j t h{~ ..! -inutP,d Pavmtmt If
<br />r rhoo~ It l..rnuted Pa~'.rrH'!'nt ~P'i my mouthh. pii.vment, 1 rnu~t ~i\'t' ttw '/it-p Hnh:ipf nntiet1 that lam doil1J.t S(I
<br />,ill i""-B$i 1;) da\:'t:; i:wiO-..!'{~ my fH~f. n~~w HlOtuhiv ~1in--nu~nr i", t!tw
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