- ~~n„~fl0241.4.
<br />ADJUSTABI:F RATE iOAN' RIDER
<br />Nt)'hICE: 1'li'r: ~F.('i1Rl'1'1' INti1 uttM4aV'f 5F('[IF1•i5 A ~OTF; WitICFt ('t?NTAINS
<br />~ PK(3VI510N 11.i.ON 1!vG FOK (IIAiY( Fa IN T11F; I.RTEKF;tiT KATE.' IN-
<br />CKF.Atih,ti i~. THh 1\1'F:KF.tiT uA"1'1?, \1'll I KF:~U1.1' IN 11{('IIh;Id`PAYMENTS.
<br />UF.CKF:ASE5 IN "1111' In 11(RFah KA 1'F. \ti'H,l. ldFatll;f IN 1.014'ISK-PAYMEN'('S.
<br />This killer is .Wade [his ..1.7th .day of ....June . , _ .. . , _. , • , ly; ,$2 -, ana is incorpCrated into and shall
<br />!~-r deemed to amend and supplement the ~~lortga~c, Uccd r,f 1'rutit or llecd'to SeeuCc Debt`([I~,r "Sccuri[y :ns;ru-
<br />urcnt") of the same dace given by t!:c under,igned (the "I:orrowcr") to secure Borrower's Notc to .The. First
<br />National. Bank of. Grand Island,. ~rand..Lsland,.Nebraska ...:.......:..;,..... ... ..........
<br />iihc "Lender") of the same date (the "Note") and covcrirg the property described ircahe Security ]nsvument and-
<br />!o~.,trda[....2$12.Independence tiv:enue, .Grand Lsland, Nebraska ..;..
<br />Modificuions. In addition to ihe~covenants andagrcemen!s maUC In [Ire Security Instrument, Borrower and
<br />LcnJcr further covenant and ^kcce asdOllOws:
<br />A. IvTF;KF:~T KATE AND h1O'vTNIY PAVMF:NT LIANC:hti
<br />l hr Nute has an "inuial Inir: r;Lkate" of 13..5/.S'o. The Note irucres! r,uc may be increased or decreased on the
<br />1.5~ day of the mono; brginnutg on .. March. l..::. , ....; l9;$6.. and on Ihat day of the month every
<br />l.? . months t[,.,,af[rr.
<br />Ch;urges in the interest rate are ggverned by ~fiangesin an intcrest rate index called the "Index". Tt;e Index is the:
<br />( beet ,~r~r tr,.~ ,~ rn~lic till lnrlr.r'.f
<br />ttJ l_l• "Contract Inures[ Kate; Purchatie of Previously (lu.rpicJ iiomc;, rJatioral :overage Cor alt Major
<br />1 ~;~e, of Lcndcrs" poblishrd ,w are Federal Home Loan Bank 13oanl-
<br />tzi x,. U. S. Treasury Securities- 3 year
<br />!f heel un~ !ws n. mdicu r~ .vhrrh p~ 'hr s oi,.r"mui,n.wn Lnir, on changes n rhr,intrr - on ruck (i~aagc Dat[, ;~na Lus it checked ;hoc will
<br />or ~~, mLLUm ~.m~r ~ ~ nungrsl
<br />(I) Li Thrrc ix no ma~!nn,m ;rout an changes inthe intcrest ~;.tc at any Cfiange Date.
<br />[?i >F;' The intcrest rate ctunot br chan);ell by,nbrc [hau ..5.0 i~errrntage yointsat any Change Date.
<br />I f the interest rate change,, ;hc amount of E3<~rrowrr's monthly ~aymcnts will change as;provided in the "Jo[e. ;n-
<br />~~c:,scs in the intcrest rate will resuL• !n higher Paymems. ZJecroases in the intcrest ratetwill result in tower payments.
<br />It. (.UAN CIIAKGF;S
<br />li could be that the Inar? sr~u~cd 6y the Setu~uy Instrumem is suhlec[ to a law which sets maximum I~~an charges
<br />.u,d i h;rt law ~. interpreted sothat theinterest orother Ionic charges"rnllrrtcd cx to hccollectedinconneclion with the
<br />.,n would rx.. cd prrmrtred !lotto. Ef rhis is the case, then: (A) any'such loan charge shall be reduced by the amount
<br />~~~;r"ary ;u rrdu~e the charge [.> th; peruuttcd limit; and (;t3) any sums ;dready`col(ccted frum,Borrowcr which exceed-
<br />r.! ; erm Well tmun wlll be relundcd ro Dorrowcr. Lender may chose to !hake [his rc{und by reducing he principal
<br />,..~cJ under ;!„~ Noce or by Winking a direct paymcm to i3orrower.:
<br />('. 1'KIUK LIFai
<br />II !.ender determines ;I::u ail or any pan ~>i the ,unu scs.rrcdby this Security Instrument are subjecl toaiien
<br />wtu.h ha, p~iuuty c,rr this :~« ir.ty ;n,!nuner~t. I ender may send Borrower'n no[icc identifying that lien:. Borrower
<br />~~ III ~ n;nptly ;ni wi h regard c tot! hs•n as I`iuciacc in p trrgr;iph 4 ~st.the Securityinvinrrnen[ Or shall promptly
<br />,~ ~uri a~! agreement r..r form fc!on 'n Lrnurr subord~nnting That Vien ~o thisSecur[[ylnslrumenC.
<br />I1. IKAN~FFa( l)F 1lIF: PKOI Cull'
<br />If thus is a trarsfrr u( the Pioprity subjecl iu paragraph 37 tjf the Security (nslru~l[rnt, Lendermaytequire(I)
<br />u; ,Were, se m the current '~oir uucrc,it rate, or (2) an increase rn (or tcmoi~:il ot) [hc limit at the amount of any one in-
<br />err •,t ;ats :hunge (it there is a limit), ~t t3) a cltangr ,n iht{lase Index figure, ur all of !hose, as a condition of Lender's
<br />~.,~~u~fl t6; option to acsclcratc pru:idrd in p;uagrafiittl;
<br />By ,igning this, Borrowwer ag.ecs to all of the abov,c_ /
<br />'`
<br />(Seal)
<br />Ral D. .son --...-•Borroru
<br />_ ~_ ~ ~l_ .,_ s .;mac-......(Seal)
<br />Beth A. Johnson _no,Ta.a
<br />' ° " ""'~^ °"` r " ' '~-r~~ ••~ l ^~ + •~ .r cArcd rJ, u@J Lrn~ f lri~u nc.r~ur r.r~r. r .n vnunr,, the fis(lndt3.mmrd wrllapply
<br />ADJJSTABLE RATE LOAN RIDER-IS,Sr .NCtir. Sao--aM ins a.~>N[n~
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