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<br />84,"'- 005702
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<br />An TTTQ,." A DT ..., D A,."..., T {'\ A AT DTn~ll
<br />.l"'1.LIU v u .a. .L""1.LI......~ ."..c;a.....&.:.I ..&...I".......,. ..........:aJ.a,;,.......
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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 IDGHER
<br />PAYMENTS, DECREASES IN THE INTEREST RATE MAY RESULT IN
<br />
<br />T .n._1'r..'t"" n... "U'"...r1I...Yf7\O
<br />JJ\J....Cin rn.l.l1'.t~J.'ID.
<br />
<br />This Rider is made this ---"nd...- day of OctnhPr , 19~ and is incorporated into and
<br />sha.'l be deemlld to amend and supplement the Mortgage, Deed of Trust. or Deed to Secure Debt (the "Security
<br />Instroment") 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"; and covering the property described in the Security Instrument and located at
<br />204 N. Pi.per--1.L Grand Island. NE 68801
<br />P:ropeny Ad.dress
<br />
<br />MODIFICATIONS. In addition to the convenants and agreements made in the Security Instrument, Bor-
<br />ro..er and Lender further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES:
<br />The Note has an initiai interest rate of UL %. The Nate provides for changes in the interest rate and the
<br />monthly payment as follows:
<br />
<br />ill Rate Change Date" and Freq.."'..."y Tbe,..,.,f: Be;;;" . ,'g ,n 19B5--.. the rate of interest I must pay may
<br />change in the . f i rHt: day of the month No'~'" (Month After CiosingMunthl. and en
<br />that day every ~_~_months thereafter, Each darenn which the rate of in_t could changeia.eaiied
<br />a "Rate Change Date,"
<br />(2) 'fhe Index: Any changes in thl' ratl' of interest will be based on an IndeJ<, The "Index" isKl the Monthly
<br />;\Vtlr::ge Yield ':>0 Unitt.>d States Treasury securities adjusted to a conatant maturity of __ 6 months
<br />-X.. 1 vear .:3 vpars. S vears as madl' av<lilllbll' bv thl' Federal Reserve Boa.-d. or [J the Na-
<br />tion;l- M~nthjy r;ledi~n 'Cost of F~;'-ds I~nnualizedl to FSLlC I nsu~ed Savings and Loan Associations, as made
<br />available tw th" FNI"ral Homl' Loan Bank Board, ICheck only on" box.i
<br />
<br />Th" first Indl'J[ figure for this Note is J.2.03"!'" It is called the "Original Index, .. The most recently available
<br />1 ndex figtJTI?' ns of 4fi rl-aY5 l_)(>f()~ ("~{'h Rflt-e t'hange is ('~Jled the "Current Index."
<br />
<br />Ifrhp Inry{>''i{ 10: po lntt~r tlv~il~hh-.. : h~ Nnt6:" Hn!de-r wi)! ~hon~~ ~~w i~rje?r which i~ bft~ u~n(,omp!!..'1!.b!e
<br />information, Th" )\;ote Holder will g:1V!' m" notice of this ('hoice,
<br />
<br />t31 Calculation of Changes: Before each Change Date, the Not... Holder will determine any change in my
<br />rat... of interest. The Note Holder ....ill calculatt' my new interest rate by adding --2-percentage paiute
<br />I~%l to the C,UTent Index and rounding the result to the nearest oUl~'eighth of Qne percentage point
<br />((1.125%1, This rounded ameEM will he the new rate of interest I am required to pay,
<br />
<br />The maXllnum interest rat.' i will b" rt'Quired to pavon this loan will be no more than ...m..-_'lo. The
<br />minimum intert'sl rat" I willl", f't,<!ulr"d to pay on this loan will be no less than .-JJ./.iL--%,
<br />
<br />The Note Hold.'r will th,," determill" the new amount of my monthly payment which would be suificient tu
<br />repay the outstanding prlnl'ipal halance in full on the maturity date at my new rate of interellt in substantially
<br /><'qual payments. Th.. I't'sult 01 this mknlation is ('ailed the "Full Payment" and will be the new amount of my
<br />n"Vlont hl,-, n.llvt1'U\nf
<br />H~""''''<V.'''.' r"....~. ......h,
<br />
<br />PROVISION A141 !Ipplie"hle onl~' If this box is "hecked,
<br />
<br />141 Limit on lnle......l Rale Inereao;es: The rate of interest I am required to pay shall never be increa~ or
<br />decreased on any single Rate Chan)o(E' Dat" bv mor<' than " from the rate of imerest I have heen paying,
<br />
<br />i5l Effective Date of Chang...: The new rate of intt'rest will boc'orne efk.:tive on each Rate Change Date. I
<br />will pay the new alllount of my nlllnthly payment ..a,,1I month beginning 011 the first monthly payment date
<br />after the Rate Chanl(t' Date until the amount of my monthly payment is again changed, or I have fully repaid
<br />the loan.
<br />
<br />161 N..ure of ChanX....: The :-.iote Hold"r will mail or deliver to ml' a notic" of any changes before each Rate
<br />Change Date, The Notice will advise me of lh., new interest rate on my loan, the amount of my new monthly
<br />Pi'ynwnts. and an\' addiliorud matters which th.. Not., Holdl.r " requirt'(lto disdo"...
<br />
<br />Provisions A(7:,A18I, AI\II, and AlIOl applkllble onl,v if this hox " ..hll{'ked.
<br />
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<br />m 1Jorro,..~'s Right Tn Limit Monthly P..yment: tlnlt,ss ~....'tinl1s At91 !Iod /\001 bt'low will not permit me
<br />to du...., I may <chou,..., to hlmt th" amount of my new Inonthly payment foilowin!.: I! Hat.<' Clulll~ Date to the
<br />amount I hllVI' boon l>aying multiplied by th., number It17;, This amount is clllll'<lthe "Limit,ed Pavment.." If
<br />J ('h~ a Li-m~u~ Payrnent fit: my montWy paYln*ml. I must. j{lV\' t h~ Not.p Holder not i('{~ that I n;n doinJl su
<br />at Jeast 1 f> daye- befott~ rr,)' fJt~t tww nwnthty pJl(\'lUtmt i~ c.iut"
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