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<br />84----
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<br />005706
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<br />ADJUSTABLE RATE LOAN RIDER
<br />
<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 INTEREST RATE MAY RESULT IN
<br />LOWER PA YME."lTS,
<br />
<br />This Rider is made this ._22nd.- day of (Y-t-QbPr . 19-84- 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 />t_~_,__...H! ,..,1 .f_hn. e...-..... n...ta muon hv d,.", nnrlll-rl:li~ (t.hp "Hn:rrowp.r") to 5P.Cllre Borrower~s Note to THE
<br />EQi:;ITABlEBUILOINGANO'lOAN' ASSO-CIATIONOF GRAND -ISLAND: NEBRASKA (the "Lender") of the
<br />same date lthe "Note", and covering the property described in tbe Security Instrument and located at
<br />204 N. P~r Jt7, GraOO Island, NE 68501 _
<br />Property Address
<br />
<br />MODllt""I(';A TIONS. j n addition to the conven.ants and agreements made in the Security Instrument~ Bor~
<br />rower and Lend",. further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES:
<br />The Note has an initial interest rate of m- "(. The Note provides for changes in the interest rate and the
<br />monthiy payment as follows:
<br />
<br />(I) Rate Change Dat_ and F~uency Thereo!: Beg'",~ .- ,d,B.5-. thu , ,--i.e of interest I must pay may
<br />change in the___.tirst..___.day of th", "'''n' h_._N;;r~,!'" .,~_(Month After ClosingMontbi.l!Dd on
<br />that day every _._....1.L____months ther"after. Each date on which the rate of interest oouldcbangeis called
<br />a "Rate Cbange Date."
<br />it) The Index: Any changes in the rate of interest will he h3sed on an Index, The "Index" is IX the Monthly
<br />Average Yield on United States Treasury securities adjusted to a constant maturity of ._ 6 months
<br />__.-X.___l veal' ;1 "NU'S _.. _.5 wars as made available by the f'ederal Reserve Board, or [J the Na-
<br />tional M~nth!y Median 'Cost of Funds Il;nnulllizedl to FSLlC I nsu;ed Savings and Loan Associations, as made
<br />available bv tht, Federal !lome Loan Bank Board, iCheck only one box",
<br />
<br />The first Index fil(Ul't' for this :-;ot" is12--03'~. It is called the "Original Index," The most recently available
<br />I ndex figure as of 45 day" l~for.. ..ach Rate change is called the "Current Index."
<br />
<br />If the Index IS no longer aVailable, I Ii.. Note Holder will choose a new index which is based upon comparable
<br />information. Th.. Note Holdt'r will J!l\'t' me nollce of this choice.
<br />
<br />i3l Calculation of CbanJ!fti: Before each Change Date, tbe Note Holder will determine any change in my
<br />rate of interest. The ?\;ote Holder will calculate my new interest rate by adding ~perallltappoiftt&
<br />,___--2.%) to the Current Index and rounding tile result to the nearest one-eighth of one percentage point
<br />IO.l25''i-l, This rounded amount will he the new rate of interest I am required to pay.
<br />
<br />Th(~ m~~im~m inkr~i r-ut~ } ;"-;i11 t.'-i' rc-qi.irni to pay on this kkin W"iU be no more than ~%. The
<br />minimum int~~Te$t rut(- 1 wlH lx.' ff"<luirro to puy on this loan w:ill br. iiG less than _.-AJa-- ('k".
<br />
<br />The f\O"..e Hdrlf"'-!" will th~~ d~t!'!'"!TIi~ the !!'!w !gnQHnt ryf my ffit'nth!y p!ty~nt whkh w!)uld b@ .ll~ m
<br />repay the outstanainl/.' pnncipaJ balance ;n fuJJ on the maturity date at my new rate of interest in substantially
<br />",mal ""vroenL.. The r""ult oi this calculation is called the" Full Payment" and will be the new amount of mv
<br />~~~_. ' .
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<br />PROVISION AI41 applicable only if this box is checked,
<br />
<br />141 Limit on Inter~l Rale IO('J't'Bli....: The rale of interest I am Tl'Quind to pay shall never be increased or
<br />dt>creased on any s1n~-je Rlltl' Cha~'" Date by more tllan _~_ " from tbe rate of interest I have ~ payil'l!f,
<br />
<br />(5} Effective o.~ of CbAm...~~ Th.e Ml\' rate of interest wil! l.-set~ome effective un each Rete Cha=te Date. !
<br />will pay the new amoum of my monthly paymen~ eac-h month beginning on the first monthly payment date
<br />/tfter the Rat... Change Date until th.. amount of my monthly payment is again chaDgl!d, or I have fully repaid
<br />the loan
<br />
<br />161 Not.iff of CbanJ!...., The Note Holder will mailOJ' deliver to me II notice of any changes hefore each Rate
<br />Change Date, The Notice will advise me of the new inl.en'St rate on mv loan. the amount of my new monthly
<br />payments. and any additional matters which the Note Holder is requ'ired to disclose,' ,
<br />
<br />Provis,on.s Am. At",i. .-\\9i. and ,>,1 !OJ "ppheabl" onl,' If tlus box ;5 du!('ked,
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<br />L
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<br />m Borrow....'s Rile.t To Limit M_thiy Pay_nt; [lilliO-53 s.",'tln.." A\'!land AIIOI below will not permit me
<br />to do~, I tr.ay dn)a~ t,i'< htnit tt-re am~nm:" t)J my n~w month:~' p.ayuwnt followin~ a Uat,e Change Date to the
<br />'unGuat 1 hllv..l....... paytnK multiplied by Ii... number 1.075. This amount IS ~al!ed tbe "Limited Pl\~-ment." If
<br />i c'-_.. Lunlloo PlIVnwflt a~ my monthlv p;lvrtl\'nt, I must j.(ivt' th.. Not.. Holder nutKt' that lam cloill({ so
<br />lit It'lli"\' I C' day. oolon' my lir,t .ww "",atill>' pa\'lIWfll is dOl,
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