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<br />84..........
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<br />005762
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<br />ADJUSTABLE RATE LOAN RIDER
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<br />NOTICE: TilE SECURITY INSTRUMENT SEClJRESA NOTEWBtC!l<<;:QN-
<br />TAINS A. PROVISION. ALLOWING FOReHANGESINTHEI~'
<br />RA'i'E;' INCREASES iN' 'lUl!;' iN'nliAEST'RATE'WllJ;;RiilSUI:.4
<br />PAYMENTS. DECREASES IN THE INTmtE8TRATEMAy,';R
<br />LOWERPA YMENTS.
<br />
<br />This Rider is made this 25t.h day of Septeaber ..' l\l84.-andi$~i
<br />shali be deemed to amend and suppiement the Mortgage.Deedof'fl'Ust.orDOetitl)~J::lebt-~i~ .>..... ......
<br />Instnnnent"} of the eame date given by the undersignedithe "Borrowe!''')to ~B~IJNQf.e1io~1'
<br />EQUITABLE BUilDING AND lOAN ASSOCIATION OF GRANDISlAND~NEBRASKA~fib.e'''I~n~~t;-'
<br />same date ,the "Note"} and covering the property described in the Security I~and~i~ii .
<br />729 l"hnrch PDadi t::raOO Tsla.Tld, NE
<br />Property Address
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<br />MODIFICATIONS. In addition to the convenants and agreements made in theSeeuritylnstnmIent.~,;'
<br />rower and Lender further covenant and agree as fo1lows;
<br />A.INTEREST RATE AND MO!\;'THLY PAYMENT CHANGES:
<br />The Note has an initial interest rate of l2L.... %, The Note provides for changes in the interest rate.lUlIftbe.
<br />monthly payment as tollows:
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<br />Ul Rate CbaIlgeDates and Frequeney T~r: B~):;' ;:n 19_85......-. therateofinterestlmt!8tpayftUlJ1.
<br />change in the --.-fi.xs.L-_day of the month of October (Month After ClosingMoath),andQU
<br />that day every_ 12 months thereafter. Each date on which the rate of interest couldchllJlga.iseaDed
<br />a "Rate Chan.ge Date."
<br />(l) The IDdflt: Any changes in the rate of interest will be based on an Index. The "Index"is f>> the Monthly
<br />Average Yield on United Stah~s Treasury securities adjusted to a co!l8tant maturity of _ 6 IllllQthll
<br />.....lL._l year _._3 v"ars .. .__,___5 vears as made available by the Federal Reserve Board, or 0 the Na.
<br />tional Monthly Median Cost of Funds iannualizedl to FSLlC Insured Savings and Loan Association8; asmade
<br />available by the Federal Home L<>an !lank Board, 1Check only one box,)
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<br />Tbefirst Index figure for this Note isl2..08-%, It is called the "Original Index." Tbe most recently available
<br />Index figure as of 45 days before each Rate change is called the "Current Index,"
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<br />I f th~ Ip--de~ is nn !or.ga- .aviiilahlt:"~ the Now Holder will choose 8 new index which is based upon comparable
<br />information, The Note Holder will give me notice of this choice,
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<br />(31 Caleulatiua 01 CiuoDKes: Before each Cha~ Date, tbe Note Holder will determine any change in my
<br />rate of interest. The Note Holder will calculate my new interest rate by adding ~tage points
<br /><_.21-'\) to tbe Current Index and rounding the result tn the nearest on&eighth of one percentage point
<br />iQ,125"'i>1. This rounded amount will be the n"w rate of interest I am required to pay.
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<br />The maximum intNest rate I wiil lH.' required to pay 011 this loan will be no more than ..l..S4----. %, The
<br />minimum im.er..s! rate I ,,"'ill I", reqUJr<.o to pay on this loan willIH.' no less than .:n/..a-.., %,
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<br />The Note Hold..r will then determine the lIew amoullt of my monthly payment which would be sufficient to
<br />repay tbe oot8t.anding pnncipal tmJance In full on the maturity date at my new rate of interest in substantially
<br />!~ual peYmt'nts, Th" l't'~uJt of this cakulation is railed ,ha "Full PllY"'t!lii" and will he the new amount of my
<br />monthly paYmt'nt.
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<br />PROVISIOl\: A\41 applkahle only if this box is checked.
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<br />141 Umit on Interest Rat.. In~.,..,_: Thl' rate of inter..st I am required to pay shall never be increased or
<br />decre.ased on any sin~le Rate Chang<' Date by mon> than . ..:2_ ,; from the rate of interest J have been payin",
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<br />(51 t-;f(ediv.. Oate of Changt's: The new rate of i"'~rest will become effective on eaeh Rate Change Oate, I
<br />will pa)' tM new IImount of my' momhly p>lyment ,meh month beginning on the first monthly payment date
<br />after the Rate Change Date until the amount 01 my monthly payment is again changed, or J have fully repaid
<br />the loan.
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<br /><6l Notke of C~: The Note Hold..... will mail or ddiver t:o ITIt' a notice of any challg<'S before each Rate
<br />Ch.anp Oate, The Not,ire will advi.... me of the new inwrest raW on my loan, th.. amount of my new monthly
<br />payments, llnd IIny additional matw", which the 1'o;0te Holdt'f is rl~uired to disclose,
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<br />I>ro"'lsionll Am, A(lH, Ai9l, and AtHlI applicable ollly if this box is clll'cked,
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<br />!7l u-.'.. W.ht To Umit Moodily P..y.....at' Unlm1s s..ctioos Al9llllld At 101 below WIl! nnt permit me
<br />in do 80, J lNIY ch~ to limit tlw amount of my nl'W monthly payn"'"t followillll a Kat!" Change Ilate to th.,
<br />amount I hIln been P"YlllJP; lIlulllpli...l by th.. number Lon.. This amount IS cal~ltJ", "Limitt.o Pay'm..nl." If
<br />i c.noo..... I.imited Payl'l>tmt as my monthly' I",ymen\" I most ;:'1\'1' tI", Noh' Hold..r 1l0!iCt'thlltlam domg so
<br />It, ~l lr, days bel.1N' my iint nt... monthly' paYfl1tmt .~ dOl',
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