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R~ ^~i~ ~3 314 ADJURTABLE PAVMENT RIDER
<br />THIS ADJUSTABLE P.4YhtENT RIDER is made this ~'t;e ... day of ...:Lulu ....... ........ .
<br />19 4`? ,and is incatporated into and shall be deemed tt> amend and supplement the Mortgage.. Deed of Trtist or Deed to
<br />Seeurc Deht'(the "Security Instrument"1 of the ame date given'by the undersigned (the "Bocower') to secure Bbtmwer's
<br />Adju.tabic Payment Note to :....~nnmerc:i.al. F~:deral .Snvinns. & .Loazt :,Sssnc..:.: , ..... ..... .
<br />...............:.................., ..... (the "i_ender"7 of the lame date (the "Nate") and caveringthe
<br />prot>eny de<cribed tmthe Security lnsuvmeht and located at_
<br />'+ "1",o*-h. .~oasi.,:.israttd. >s.laztd.,:."±ebraska: a.lia01 .............. . .. , ........ .
<br />k+~~m pddts~t
<br />The-Note Contains Rrovisions Allowing For Changes In The Interest: Rate And The Monthly
<br />Payment And For Incn-ases in'The Principe} Amount To Be Repaid.;
<br />The Note Also Provides For Calculations OtTwo'Seperate Monthly Payment Amounts. One
<br />-Will Be The Amount 4hat The Borrower Must Actually: Pay Each`Month. The Other'WIII Be
<br />An Amount That: The Borrower Would 'Pay Each Month To Fuliy Repay The Loan: On The
<br />Maturity late. This Means That The Borrower Couid Repay More Than The Amount Orig-
<br />inally Borrowed Qr That:The Borrower Could Repay The Loan Before The Maturity;Qate.
<br />ADt)frIONAG EOVENAD'TS. Tn addttien o the caccnants ahd agreements made in the :Security instrument, Bor-
<br />rower and;i~;nder ftaher covenant and agree . ~ tallow.;'
<br />A. INTEREST RATE AND MONTHLY PAYMENT i:IiAlVGES
<br />The Note prow°ides for an initsal interest rate of .}.5 , , 5r~ `"r: Secnons 2. 3: 4. 5 and 6 of the ':Vote provide far changes m
<br />she interest rate and the monthly payments, as follows
<br />2. INTEREST
<br />(A) Interest Owed
<br />interest wiil tx charged on that part of principal which has .not beer. paid, interest will be charged beginning on the date
<br />of this Note_and continuing omit the fullsinaunt of priitppal h-as'been paid:
<br />15.'Sp~
<br />Beginning an the date et"zhisNote, twill owe interest at a vear}y rote of .. `k: hhe rate.: of interest t will owe-.will
<br />change on the first day, of tht nt+suth of ~e}xtaary~-- • ly `~3 and on that day every• 6th month thereafter: Each
<br />r date on w}iich the rate of interest could change z+ caHul an "Interest Change Date."Thenew rate of interest will!'become
<br />effective bn each Interest Change Date:
<br />(B) The Itdex
<br />4ny changes in ttte rate of interest will Lie traced un changes in the Index. T'he "[ndzx" ss the weekly auction averege rate -
<br />on Itnited States Treasury bttis with a ^uturity of 6 mnrnhs,.as made available k+y the Federal Reserve Board.
<br />[f the Index is ntr longer available, the +tote Hold@cwrlf choose a new index which isbasedutwn comparable infurntation.
<br />i`hr. \otc Holder will gig c nit notice of this rhatce.
<br />The most recently a.;tilabk tndex figure as of tat dare 45 days before each Interest C.hang~ Date is carted the "Currant
<br />Indcti.
<br />(C) Cakul>ation of lnier~~Rate Changes
<br />Bctorc each lotcrea Chang bate, the Note Holder wilt ca:cu ate my.new rateof interest by adding .'.4.399.:; ....
<br />percentage puims ( 4, 309... `cl to the Current Index. The Neu Hoiden wtll then-round the resuh of this addition. m the
<br />n.,aresr one-eichth o~ one percentage point li?.1 ?~- %). This roundedamount ~~~ill be niynew race of interest untiFthe next interest
<br />Change llate-
<br />(DI Interest ARer Default
<br />l he rate of i mere.+t required by this Secaon Z Ia fh~ rate i wi1L ~,we both iufore and"after any default described ur Section
<br />9(B) tx;luu.
<br />3. CALCULATION OFAMOLT"1'S Ov-'ED EACH MONTH
<br />The Notu Holder will calculate my-Full Monthly Amount. The Ful] blouthly Amount" is the amount of the monthly .
<br />payment that could ~ sutncient to repay the unpaid principal balance of mt' ;oan in full at the rate of interest i
<br />am nryuired tt pac by Setitm'_iA) and Z(C) abocr..in subst:,ntiulo eyual,payntegtspn 2tti.-Sect -l~st' ""'
<br />~0 -,., s+hr~h i; called the ~ matupty date". My&rst Put: ~lonthh Amount isU:S. $ . ..g~g_gg-:. Before
<br />ea..h [nteast Ch .-,~c Date, ihr, tvpte Holder will calculate the n~:x F~atl Mtantht} Amount which twill owe each tuonthbeginning.:
<br />on the hest ,•r n r;} puyrxnt date niter the interest Change,Date.
<br />7 nr full t1 alit ~ .draoum 7pwe relay be, mvrr araeas rfwn. the amount f am requireE try pug each momb: 5ectitrn 4 helpw
<br />;ra, - r ,< <.r:- - rnr o'nr~ ~ >>rh%r ~ir{rment urv3 hate' tt iyitL uhr~nge: Sec~ion~ beWx ris~scribcs how. mi' wzpttid pnncigett 6alnrure
<br />xr.l c~ha.egr ;'ut ° ,am,:wr ,~ err, rnunthi;-. fictimrnt wul She FuG R1vxlhlT• Arrtr~tutt tare d9~ereni.
<br />S. PAl' Yt>N I'S
<br />?A) Time and Plycc of N~ym~ntc.
<br />t + t i ~ p~r~cipa~ m.d :nte:_.: ny rti:,ktng paynicnE., r•:cci manth. My naonthiy}'aYments will he apphcd ta;interesr
<br />~. ! ^i'l i1~i .1i.
<br />uili ransG mr ter.n~ht} pt+} m. n~~ n she first dati `- aeit m of}i hegrnnittg on -,5 , - t <, t ...... .. .
<br />i+1 i .•iG incl. .c+c pa , ic. ,+ + . r~ `nrvRth ^.t~,, I ere:: paid al! tti , c, cipul .r~:. ir.ICR.~- :md a~iy ~`iher :hai~;cs
<br />sic v, .*+~7 ?r~,n,n :Ud ! ., x: ~,tdrr in;. tiotc. tl i .~ ~-. .. ..._„:,ti n iw, t>L.. ... -~.:he mahrrify ,.ei.. 1 ~.. i;l ,
<br />il.• +~ E.".~: .; ~• ~:i .±., h!a, :,a__, i,iaa%;ul o. oil,; ... I ~ v, '•4it :rzt: the ,irutunE :~' tn} .act ttY iltl; pal 'nl F:a!rtr t:~"
<br />AI~.StiSTABLE i~AYAA~~1T EilD1:Fi -->.r±=;ta ~iirnil~d -° t.=: f3; -_ ~helet4 Untlgrm tttntratn~ttt iPtan ~-. Am,)
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