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~~.--~~t~~ii~7~ AD,iUSTA9LE RATE Rf DER TO DEED OF TRUST This Rider is nsade this 28th day of NOVember 1981 and is incorporated into and she!! i1e deemed to anund and sup¢flment the Deed of Trust of fhe same date given by the u!ndarsigrnd (the "gorrower") to secure gorrowerb note to Commercial Federal Savings and Loan Association of Omsha, Nebraska (the "Lander") of the same date (the "Nab°) and covering the properly described in the Dead Ot Trust and lOCat~ at 2403 li Louise Grand Island Nebraska 68801 Modiflutions. In addition to the covenants and agreements made in the Deed of Trust, gorrowcr and Lender further conversant antl agree as follows: 7. Intergst Rate and Monthly Payment Changes. The Note has an initial interest rate of 13.000 $, The note intercsi rate may be increased or decreased on each Change Date, as described in the Note. Changes in the interest rate are governed by the changcs in the weighted average yield at which the Federal Nome Lawn Mortgage Corporation committed to purchase conventional mw•tgage notes with a fixed rate of interest Tor the shortest available delivery plus 3/13$. The monthly payment amounts will also change on Payment Change Dates as provided in the Nob. Because payment changes may occur less often than interest rate changes and/or may be subject to certain limitations described in the Note, the monthly payments may at times not be sufficient to pay accruing interest. In such case, unpaid interest is adtled to the principal balance of the Note and itself accrue interest thereafter. 2. It could be that this loan is subject to a law which sets maximum loan charges and that law is interpro[ad so that the interest or other loan charges collected or to be collected in connactinn with this loan would exceed permitted limits. It this is the case, then: (A) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (g) any sums already collected frwn Borrower which exceeded permitted limits will be refunded to 8orrowar. Tha Note NWdar may choose to make this refund by reducing the principal Borrower owes under the Note ar by making a direct payment to Borrower. If a refund reduces principal, the reduction will be trvabd as a partial prcpaymant. 3. Transfer of Property; Assumption. Lender shall waive its option to accelerate under paragraph tT hereof if (7) prior to such sale or transfer Borrower notifies lender of the propoaad transactiw+ and sees that Lender is given any information it may request in order to evaluate the parson to wham the property is being sold or transferred, (2) Lentler determines, in its soU discrotion, that aaaumption of the loan by the proposed purchaser or transferee will mNt standards of cnditwarthinass and security which era acceptable to it, which standards shall, insofar as may bs practical, 4a tM same underwriting standards as are than applied by Lender in connection with making a new loan, (3) the person t0 wham the property is to be sold or transferred axecubs a writbn assumptior, agreement KceRtad in writing by Lander and agrees [o pay Lender's normal conventional lean assumption tea, and ta) no other defaWta exist under the Mortgage Or Note secured hereby. 4. ey Signing this, 8orrowar agrees to all of the above. Dated: November 28, 1981 l_-~-~ ~`.j~ ~ ` ! -- r[Z~aT rrowar nrrawer L3sda 3. Is€f!r COMMERCIAL FrQEjDEIRAL//SAVIC~GS AND LOAN @y; ~fi~~s~LP l~fi2.r.~.4 ~_-~ iii- ~St= REC DERS MEMO: ~~ t' . ~1<<r c.~- Oaadt i.,_,