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,. t 8~- jj(1~~~`~ ADJUSTABLE RATE RIDER TO DEfD 6F TRUST This Rider is made this Zkth day of Au~»st 19$1 and is incorporated into and shall be deemed to sinerfd and supplement the Deed of Trust of the same date given by the undersigned (the "Borrower"} a secure Borrower's note to Commercial Federal Savings and Loan Association of Omaha, Nebraska (lira "Lender"} of the same date (the "Note"} and covering the property described in the Deed of Trust and located at 31©$ Brenttiood Gircie, Grand Island, Nebraska l~$$~i Modifiiutkns. in addition to the covenants and agreements made in the Deed of Trust, Borrower and Lander further oonvenant ante agree as follows: t, interest Rate and Monthly Payment Changes. The Note has an initial interest rate of 13'QOQ $. The note interest rate may be increased or decreased on each Change Oata, as descrtbed in the Note. Changes in tM intereei raa ara governed by the changes in the weighted average yi2id at which the fede»I home Loan Mortgage Corporation committed to purchase conventional mortgage notes with a fixed rata of interest for the shortest available delivery plus 3/8$. The monthly payment amounts wiN also change on Pavment Change Daas as provided in the Note. B~susa payment changes may occur less often than interest rate changes and/or may be subject to certain {imitations described in the Note, the monthly payments may at ifines not be sufficient to pay accruing interne. In such Casa, unpaid inareat is added to the prindpal balance of the Nate and itselt aCCrllK ifitlreSt thlreatter. 2. it could be that this Foan is subject td a law which sets maximum loan charges and that law is interpreted so that the interest ar other loan charges collected or to be collected in connection with this loan would exued permitted limita. if this is the case, then: (A) any such loan charge shall be reduced try the amount newasary w reduce the charge to the permitted limit; and (B) any syms already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Tha Nota Holder may chodse to make this refund by reducing the principal Borrower owes under the Note or by making a direct payment to Borrower. it a refund reduces principal, the reductldn will 4e {reeled as a partial prepayment. 3. Transfer of Property; Assumption. Lender shah waive its option to accelerate under paragraph t7 hereof it (t) prior Lo such sale or transfer 9orrower notifies Lender of the proposal transaction and saes that Lender is given any informaC'son it may request in order to evaluate the parson to whom the property is being sold or trensferred, (2) Lender determines, in its sole discretion, that assumption of [he loan by the proposed purchaser or transferee wi^ meet standards of creditworthiness anA security which are acceptable to it, which standards shaft, insofar as may be practical, 6e the same underwriting standards K ara-[hen appiiW by Lander in connection with making a new loan, (3) the parse{ to wham the propa'ty is to be sold or transferred executes a written assumption agreement accepted in writing by Lander and agrees to pay ladder's normal conventional Voan assumption fee, and (a) no other defaults exist under the Mortgage Or Noa secured hereby. 3. By Signing this, Borrower agrees to ail of the above. Dead: ~'rt:: ~,' c;~, Ct??AM£RCIAr<,F`cDrcRRL SAYfN6S AN6 LOAN a o aPP veer ~udtay C.. 8 app M-23i Rev. ff8it U