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8 -~~u238~ <br />ADJUSTABLE RATE RIDER 1'O DEED OF TRU~T <br />This hider is made this 8th day of 1`L.n lost .'~ ~ inpprporatad <br />irdo and strati be deemed to amend and supplement the Deed of Trust of the sartre die given by flte <br />undersigned (the "Borrower"} to secure Borrower's note to Commercial Federal Savings and Loan <br />A~,.;ia'~ of tJrrs,.~ha, Nebraska (tfre "Lender"} of the same date (the "Note") and ooverin9 the Property <br />~ ~ the Deed of Trust ar~d located ai <br />4117 Mason Avenue Grand Island tte6raska 68801 <br />tom. in addition to ttte covenants ~ ache®rnents m~fe in tf-e Dead of Truce,"Borrower arm <br />Lerxier further covenant and agree as foibws; <br />1. Intere3t Rate and Monthly Payment Changes. The Note has an initial interest ~ Of i4» 250%. <br />The rye interest rate may be increased or decreased on each Change Date, as ~ Fed~af <br />Changes in 4he interest rate are governed by the in me w:d average Y~ <br />Hortte loan fsAortgage Corporation canmitted a purchase oonventronat rr~es witlt a tr>~d tee of <br />interest for line staResY available delivery Plus's%. <br />The monthly Payment amounts wilt also cherxJe on Payment Change Dates as provided in ttre Note. <br />Because Payment changes may occur less often that: ;~tterest rate changes artdlor may be subject to certain <br />limitations described m the Note, the monthly payments may at times rat be sufficdertt ~ pay accruing <br />interest, in such case. unpaid interest is added to the phncapat Balance of the [Note and itself accrues <br />interesttheseafter <br />Z. tt could ba that this loan is sub}ect to a few which sets maximum loan cha-9es acrd that taw is <br />interPrebd so that the interest or other ban charges cotiected or to be c»Necoed in connection wish this loan <br />would ezc:eed pea*nitted Limits. N mis is the case, then: (A) any such Barr charge sttaU be reduced by the <br />amount r~cXxssary to reduce the charge to the permitted limit: quid (B} any sums akeady coAeeted from <br />Borrower which exceeded permitted Hnuts will tae refunded to Borrower The Mote Holder may choose to <br />make tttis refund try reduang the phnapal Borrower owes under the Note or by making a direct payment to <br />Borrower. If a refund reduces pnnapat, tf~ reduction wiN be treated as a partial prepayment.. <br />3. ey sigrnrrg this. t3orrawer agrees io all of the atwve. <br />!, <br />r <br />_ ~•' .- ' r-'' ',l~~~-~r ~'` L~`ZBbt~ war <br />^-atgchln~ran 'srrfyar <br />/. ~:~~, <br />~... T <br />µ-•yfl~~2ra ,. ;;az3~ar Bo[rowe[ <br />ra 2sr <br /> <br /> <br />