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<br />t\-DJUSTABLE BATE RIDER
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<br />84 - 006147
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<br />THtSADJUSTABLE RA'IE RIDER is ",-'lde this~.s.L.......... dey of NovPlllbF!t' ,~19~,.
<br />and is incorporated into and sball be deemed to amend and supplement the Mortgage, Deed of Trust,'orDeed toSeelll'eDellt(th<<l"!~'"
<br />lnstrume!!t") of the same date given by thel1nderslgned (the "Borrower") to secure Borrower's AdjustabfeRate Nottto.. ~"~",
<br />SAVINGS .. . lOAN ASSOCtATlOW 'OF GRANDfSLAND," NEBRASKA (the "Lender") OftheMmedete(t/ll!~'~~'c-
<br />and covering the property des<:ribed in the security Instrument and located at:
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<br />1516 Ando, Grand Is1and,Nebraska 68801
<br />(Property Address)
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<br />ne Note COlltalaspro"lolou a.IItnriDgftJl'"c.......lnthelttteml ..... If _hltemt,ndll.
<br />~~, i= ~I~ffers ~ ~~t5 wfIt-he'-higlier~ If -tile -tnt.emt'me:-~; _:-
<br />Bom>wer's moDllIly pa,.-ts will be lower,
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<br />ADDITIONAL COVENANTS, In addition to the covenant and agreements made in the Security Instrument, :BorroWerll!ict;:~,
<br />further co~ant and agree as rollows:
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<br />A, INTERESTRATEANDMONTHLYPAYMENTCHANGFS ,"
<br />The Note provides for an initial interest rate of .~__ %, Section 4 of lhe Note provides for changes in the interest rate8ncl:~"
<br />monthly payments. as follows:
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<br />(B) ne IIIdu
<br />Beginning with Ihe first Change Dale. my interest rate will be based on an "Index," Tbe Index is ~he weekly avenlJC yield,on Unite4SWcs-
<br />Treasury .""untie:! adjusted to a COllSlant maturity of _ one years, as made available by the Federal Reserve Board, Thli.lDOSt'
<br />recent lndr.x figure a\'aiiabic as of 45 alAY' ~fotc each Cha.iig~ ,Date a c:Ued t~ uC'urrmt tnddt~ H
<br />If the Index is no longer available, the Note Holder will chO()l;e a new index whlch is based upon comparable information. The NoteHokk:r
<br />will give me notice of its choi""
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<br />4; J.I\TEREST RA TE AND MOlVTHL Y PA YMENTClfANGES
<br />(.-\) CIwIIe Dales
<br />The interest rate I will pay may change on me . ls,1:.. .. .__, ,by' January ,l!V1:10 '...'
<br />on that day ofthe month every 12 months ,jlcreafter. Each dale on which my interest rale could cbange-isClilled a "CbaIlp'DiIt:!"''''-
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<br />(C) Cak:aIloti<Nt of ClJaapI
<br />Before each Change Da~e, the Note Holder will calculate my new interest rate by adding two and one- hal f pereemage points
<br />( 2. 5 ,.~) to l!leCurrent Index. and rounding totbe nearest 1/8%. The sum will be my new interest rate. Tbeminimumintetest!'llte
<br />on th", loan will be no less tban____ 9 ,__.__ ...., The maximum interest rale on this loan wUl be no more than 15 %.
<br />The Note Holda' will then de1er".jne t.be amount of the mQ!lthly ,,"ymeflt Ihat would be sufficient to repay in full the princlpallam
<br />.,pc.:ted to owe on the Challj!C Date in substantially equal paymenlS by the maturity date a' my new interesl rate, Th. result of this calculatlon
<br />wlll be L.it:e new amount of my monthly payrumu-
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<br />(0) Eft"'~"-ofClwl&es
<br />My mw int"""'1 rale will become effective on each Chan!lC Date. I will pay Ihe amount of my new monthly payment bel!Iinning on the rlJ'St
<br />monthly payment date after ,he Change Date until the amount of my monthly payment changes again,
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<br />(E) Notkeol~
<br />The Note Holder ",ill mail or deliver 10 me a notice before CJl;Ch Change Dale, The notice will advise me of:
<br />(I) the new interest rate on my loan as of the Change Dale;
<br />(ii) the amount of my monthly payment following the Char"" Date;
<br />(iii) any additional maIlers which the Note Holder is required to disclose; and
<br />\i;} tbe tille and telephone number of a person who will 8Jlliwer any Question I may have regarding the notice,
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<br />8, CHARGES; UENS
<br />Uniform Covenant 4 of the s..,unty lnsllumenl 1> amended to read as foUows:
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<br />4,. CIaartIeI; {..leu, Borrower ,hall pay all t""... assessments, and other charges. fines and impositiom attributable to the Property which may
<br />attain a priority over this Securily Instrumen!, and leasehold payment!! of ground renlS, if :my. in the manner provided under paragraph 2 hereof
<br />ot, if not paid in suclt manner. by Ilorto...... maJ<ing payment, when due, directly to Ihe payee thereof, Borrower shall promptly furnish to
<br />Ltnder aU r~ of arncunts due. under this paragraph. a.."'1d i.cq the event Borrower shall mak~ payment directly. Borrower shall promptly
<br />furlllsb to Lender rec:cipu ~idenc:ng such pa)'tJlt!fUs. Borrower shaii promptly discharge any Hen which has priority -over fhis Security
<br />In$trumcnt; 110_. Borrower shall nO! be rtlquired to discharge any such hen scion!! as Borrower: (al shall agree in writing '0 the payment of
<br />lheoblilat_ -..red by ,uclt lien in a mann.er """"l'tabie to Lender; (b) shall in good faith contCSI such lien by, or defend against enforcement
<br />....f...cr, lien in, letall'fO<:<<dings ,."",b lOlbe opinion of L<nder operale to prevenl the enforcemenl of the lien or forfeilllle of the 'Property or
<br />any part fiK'teof; or h:) shan !\CCUfe from the holder of such hen an agreemem in a form s211sfa.ct<,\f1' tQ Lender subordinating such iit'o to 1his
<br />S<<owity lmlrumelll.
<br />if l.....oe. <letermi"", thai ail or any part oilhe ProperlY" .ub)ectlo . hen which may all.m a ;monty O"CT thIS S<<onrilv In.slrument, Lender
<br />~':aIY(- DorT'l.1:W<<. no{fCC ide:Dtif'yjnt $ucn- Her!. BorroWfl" ~hAU satisfy such Hen or la.kc ont: Of more of the actions, set fonh above within ten
<br />~1*(l{~$twi#!4'f {~nnt~.
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<br />Co Nt)t1(."l'.
<br />Untl-Ofm (.:{J~ 1-4 of tfit: Sc;urit;r hutrommt if. ,u~ to read as foH~
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<br />I.~ N....~ E.x.c~ f"lf u)' ~1ltke fiN.J~ Wtdff 1lPf.'it~bw to bc'-gfit-Ml in Mt).thcr manner. ta~ an)' nm_tc"t h) fk.'}(fOWer provid51 for 1M: this
<br />*,W*'ll.Mt~ ~ k .l~ ~y adl\'trin'1:t or b-,' ~hnJ it. U;' ftnt -c:ia'!f.1 rtUlu to Botro,*,--er III tttt Pn'-pot-rtr ,\ddros (IT at ~-lJch other ad~~
<br />at. -8Qr.fP-'W1:t mA-Y~ b1lWtke ~~) L~ at: provided hcr~j1-,.and- tb} any 1}t;l!tt:t: h) Lender ~ha.H ~ glV'efl by finn ..~tlli-s ma.ll III Lender';.
<br />~- Sl-Uttfd w.m l.Jt to' $~.h tJitM idd.te..& t~~' may ~~t e-y fto;k!t UJ 8t;)rrt)~ 1l~ pnwi:Qmi nt:1'1:'111 AlI,y flnfi>:":t' l'rH)\.ld<<l (or In thi",
<br />~it)' h)#'l:t~ ~f. ~ -dr.emed t.o h::if.'fi!' ~ g.:t"'tltllO ~M'rO'wt-t' ->,)t L.el~ wbt'n g,.wen itj 1M manOCf (k~~gn~ted h{."'f~m
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