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~~~~-°oo~ar~o ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. This Rider is made this ....... day of .................:.. . 19..... ,and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security IiISVU- ment") of the same date~ven ~ tlhe undetsigned (tl~e "Borrower"~ to secure Borrower's Nofe to ...... . ......... . - Go en e t Savings an Loan Asso cation - (the "Lender") of the same date (the "Note") and covering the property described in the Security Instrument and located at 1424 West Stagecoach and 2424 South Locust, Grand Island, Nebraska 68801 ......................................... Property Address - Moditicstions. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of 12 t006/o. The Note interest rate may be increased ofdeereased on the 1st day of the month beginning on . ,December, lr. _ . , _ „ 19. a3.. and on that day of the month every .12.. months thereafter. Changes in the interest rate are governed by changes in an interest rate index called the "Index". The Index is the: [Check one box to indicate /ndex. ] - (1) ®• "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of Lenders" published by the Federal Home Loan Bank Board. .......................................................... .................................................................................................... lCheck orte box to indirnte whether there is any maximum limk on changes in (he interest rate on each Change Date; Jno box is checked there will be no maximam limit on changes. ] - (1) ^ There is no maximum limit on changes in the irterest rate at any Change Date. (2) l?t The interest rate cannot be changed by more than . 1... percentage points at any Change Date. If the interest rate changes, the amount of Borrower's monthly payments will change as provided in the Note. In- creases in the interest rate will result in higher payments. Decreases in the interest rate will result in lower payments. B. LOAN CHARGES It could be that the loan secured by the Security Instrument is subject to a law which sets maximum loan charges and that law is interpreted so that the interest or other loan charges collected or to be collected in connection with the loan would exceed permitted limits. If this is the case, then: (A) any such loan charge shall be reduced by the amount necessary to reduce the chazge to the permitted limit; and (B) any sums already collected from Borrower which exceed- ed permitted limits. will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. C. PRIOR LIENS [f Lender determines that all or any part of the sums secured by this Security Instrument are subject to a lien which has priority over this Security Instrument, Lender may send Borrower a notice identifying [hat lien. Borrower shall promptly act with regard to that lien as provided in paragraph 4 of the Security Instrument or shall promptly secure an agreement in a form satisfactory to Lender subordinating that lien to this Security Instrument. D. TRANSFER OF THE PROPERTY if there is a transfer of the Property subject io pazagraph 17 of the Security Instrument, Lender may require {I) an increase in the current Note interest rate, or {2) an increase in (or removal of) the limit on the amount of ariy one in- terest-rate change (if there is a limit), or (3) a change in the Base Index figure, or all of these, as a condition of Lender's. waiving the option to accelerate provided in paragraph 17. By signing this, Borrower agrees to all of the above. Ker~ireth W. Staab --Borrower _,r~~' ................... . (Seal) - Rose Diary Staa15 ~ --Borrower ' {/ rttlMC eAeR Me puc is ~1eerAatt w f ~ bar u--ckixked, artd treukr and Borrower do nw arhrrwise axnt rn wnnnx, rha lirsr Fnd.~x namrd wrt[ aaP{v. AO.NiS7ABtE I~Tg LOAN RIAER~s~at-rwa~tc uractx+n utsteuutat ,•ru.,., s.~FS..,.m..~wFa.w,