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X, J'r"^1+i r ".9 . 4 Nt ? j 4VY nA t MF'u~~K' 1~ dt 1 6 i•'-. a a f 2A-d ``J 002636 Loan No....5.7573. 18....... . P AN ADJUSTABLE RATE 1A) RIDER FWt5T 4Q 2~ MMAL LINCOLN NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RAT. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS. , 19:84..., and is incorporated This Rider as made this -?.7t-t day of kkPY..>. into and shall be deemed to amend and supplement the Mortgage, Deed of Trot, or Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bor- rower's Note to (the "Lender") of the same date (the "?rote") qnd covering the property described in the Security Instru- ment and located at ---4234_JAr-i Gra ad..IsLan:,-•Nebraska....688.01...------........... Property Address MODIFICATIONS. In addition to the cevenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an "Initial Interest Rate" of % Interest rats changes may occur on the Ist day of .....................B. Pt=t= 1985.... and on the 1st day of 195.... and on the 1st day of ........................I"~1.........., 19:86... and on the 1st day of 19.$6_,. and on those dates of those months in every year thereafter. Each date on which the rate of inteest may change will be called a "Rate Change Date". Changes' in principal and interest payments to adjust amortization of the loan to correspond with interest rate changes shall be made on the 1st day of ..JUM........_...., 198fa.... and on that date every ----'Tear(s) thereafter. Each date on which the principal and interest payment may change will be called a "Payment Change Date". Changes in the interest rate are governed by changes in an interest rate index called the "Index". Check box(es) to indicate Index. (1) ❑ "Contract Interest Rate, Purchase of Previously Occupied Homes, National Average for all Major Types of Lenders" publish(A by the Federal Home Loan Sank Board. (2) ® Ad~utable Rath lVak..~ .`bnthly av~aCL Y~:c..S7Ix UAS.,..'L'X~1iY.~~i~.. adjus 2..a GS?F ! .motorjy_.Q ....~':~9.I I .bY..t h e...1;.ede- ...1eaer p- BCazd. Check box(es) to indicate limits. (1) ❑ If this box is chocked, there will be no maximum limit on changes In the interest rate up or clown. The Preliminary Rate referred to in the Note,.will be the new interest rate. (2) ❑ If this box is checked, the interest rate that I pay shall not increase more than percentage points on any Rate Change Date. (3) ❑ If this box is checked, the interest rate that I pay shall not decrease more than percentage points on any Rate Change Date. (4) Pq If this box is checked, the interest rate that I`pay shall never be more than during the period I have my loan. (5) (y9 If this box is checked, the interest rate that I pay shall never be less than R....... % during the period I have my loan. (6) ❑ If this box is checked, the principal and interest payment that I pay shall not increase mom than percent on any Payment Change Date. (7) ❑ If this box is checked, the principal and interest payment that I pay shall not decrease more than percent on any Payment Change Date. The monthly payment amounts will also change on Payment Change Dates as provided in the Note. Because payment changes ma occur less often than interest rate changes and/or may be subject to certain limitations described in the Note, the monthly payments may be insufficient at times to pay accruing interest. In such ease, unpaid interest is added to the principal balance of the Note and itself will accrue interest thereafter. Pam 90