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<br /> � ��` � ���LTST�B�,E RATE RIDER �
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<br /> �>.x.�c..u�ti 2��278�3
<br /> :� �' . _ (1 Year Treasen• 3ndex-Rate Caps)
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<br /> �'� �>�"x� THiS AD�USTABLF,RATE RILER is made this 25TH day of �CTOBER .
<br /> � "� r�r"-y �U96 ,and is incrorporated inio and shal! be dcemed to amend and supalement the Mortgage. Deed of
<br /> � � � �,;
<br /> � �,��� � Trust or Securitv Deed (the "Securi;y Instrument")of tfie s2me date given by the undersigned(the"Boiruwer")to
<br /> �` ��� ry secure!ae Fsorrrwer';Adjustable Rate Note{the"Note')to
<br /> � ,, , � ThP ;a��table 9uiiding and Loan Asscc?a;ion of &rend Island, Ne�raska, ti Federal 5:rin3s 8artk
<br /> ��,�'t "`� (tt:e"'LencSer")of?he same date and coverir:g the property described in the Seci!rity Znstrumen:arxi Irxsted�t:
<br /> ��� �y�' '? 13c3 ih' 1Si Si GRP.ND :SLAhD, NEBftASKR 6880i-5763
<br /> "� �; ,��� (?mpem Addr^ssJ
<br /> �� ��� V E� '�1-�E h0T[ �ONTA,NS PRO�JIStr,�yS ALLdWING FOR CHANGES ft� T�E iNTERzST
<br /> "�`�`'" " Rl�Tl: AhD THE MOhlTHLY Pi>YIIF.FNT. THE NrJTE t�lMiTS THF: Aft�lQLJ;2l' THE
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<br /> ,� � �� S PORIiOVN�R'S i1TERE�T RA k E CAN CkiIaNGE �T AM1Y QNE TM� AN9 THE
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<br /> A,AAY,IPJI{JM RATE 3HE �Jl�ROWER PI�LIST PAY.
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<br /> �v � -3.ITI3ITI(J�i:�L COYEIA�V"T�. In addition to the cover�a,�ts and�greerr�nu madc in?he Se:urity Instrument,
<br /> � �; x�w 8orro;ver and C,ender further covenan!and aeree zc follows:
<br /> j .y ctiYt1� "iY
<br /> tit �' ' ' .' 1. Iti"�'EREST RATE�`�ID b10"sVTHLY PA�'3'fE�"T CHAtiGE.S
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<br /> y Tt:e tiote Providec for ar initia; interc�t rate of 7.7�0 M.T'ne'ti�:e pro�•ides for changes in
<br /> `�s . '� the intere�t ra,e znd the mvn[hl;payme�'.s,as f�;�ov.�s:
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<br /> 4. 1:tiTE:?�ST�S►:AtiD:�iQ:VTHLY F:11��YF!'T C�IAtiG1=:S
<br /> (A)trha:t�e Ja:�s
<br /> The ir.erest rate I wil! pay rr.a� change on the fi;st da�of fvQ1��b18Er-'�t , ?_(?i11 ,and on t�hat
<br /> x c'.a;e•,�cr� f 2th rnenin thereaf:er. L-ach date on which my;r�terest:3,e rou!d chan�z is c:�!etii a "Change Late."
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<br /> (I3)The Iizdcr
<br /> R�,innir,g rvith !he frst Chan,�e D�tc, mv in�crect ra,c�tiili bc h�ccd on �;� lridcx. T:hc "Indcz" is the weeklv
<br /> <.•:c����c. �,ieid �n U�,iecu States Trca:u:} securUCS zdjustec; ;o a;nnstar,t m:.�tnritr oi i y�:�ir, as n��ade avail2ble by
<br /> �:c i•^_derai 2esene Board. Th^most recer:t Indez igure a��ai(a`�le a;af.he date��days i.�efc:e each Change Datc
<br /> - is cal!ed tt:e "Cu:;���:t I��ex."
<br /> If the Irdex is ;;o lor,ger a��ailable, the Note Ho13er�cii1 �-,�,cx,ce a ne�.�� �n�ez which is hased epon corr.par2ble
<br /> 1[IiOiR:atio�.Tne`:ete Holder wili gi��e me ro:ice oi this choi�:e.
<br /> fC! ti:::lcu(;;ticr,of Ct�anges �
<br /> f�efa-z�ach Ciia��ge rate,tiie Note Hofder ui11 ralculate n;v nei�ir.terest rzte by a:lding
<br /> � percentage point{s)( 2•� �)to the Current
<br /> �:? ;r�e:. The tii,te f{�tinrr aill thcn round the result nf this add;tion to th�� ncarest one-cighth of ore percentage
<br /> ! point (0.125��. .',ic;�;cct ta the limits stated in Section 4iD) belc!K•, this rour.ded amount will be my new inte:est
<br /> `i rai�antil thc ncxt C!:anee nate.
<br /> � �''.,� � The Notc Ne'dr:�.�if! �iie�determine the araaunt of thc rr.:.n�hly payment that u•ould be sufficient to repay the
<br /> � �mpaid principal 'nat I arn cxpec?ed;o oe.e ui the Cha�te 7ate in fuli on the b.z�urity TJate at my new irtterest tate
<br /> ?? in substr�n�ially;:•{ual paymen;s.The re>uit of this calcula!icn•��ill be the r.°tt'�7llnilpt �f my mon�hly pavmene.
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<br /> .� `. (i)) Limifs n;i Ir�terest Raic Char.�es
<br /> The interest ratr.I a.�n required to pay at ihe fi*st Change D�;e wi!1 �ioc be g�eater than 9•�50 �
<br /> .� ��'�; r
<br /> x r,,��,� or less than �•��� �o. Thereafte*,m}�:nter�,�'rate wili nevtr be incre2sed or de^reased on
<br /> = � any s;ngi�Chaa_r,e Bace by more than t��o percentace noirts {:.p^.` from the rate of interes?I have Eeen paying
<br /> *, �`? �`: i<>r the p;ccecii��_ twe�ve nic,r.ths. ?�t� iate:esi ra:e wiil r:ever b�greate• tha,� i 2.7�0 c�.
<br /> -�-..-.:,.-..:-_.,,�.,,;"� ��y interast rate wilT never be tovrer th�n 5.750%.
<br /> ,;;,; (r,} Eficcti:"Date of C`an��
<br /> ,�. ,u'�, h�T: �ew inte�est rate u•ill hecome effective cn each Change Date. : will pay ±he:�moant of my new mon:lily
<br /> *� paymen! beginriin� on the first monthly �zymanE date afte: the L:han�e Date un[il the amount of my mon[nly
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<br /> *ayr�ent c�anLes again.
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<br /> t"{ '�f �'�' (Fl ':°�r�ticc of Changcs
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<br /> "t'he No?c Holder wili delive�or maii t�n�e a notice of an}�chznge; in m}� interes:rate and the a�ount of my
<br /> �*�^.n!hic ;;a�r.e�,t befnre the eftec'itie d;�te o;any change. Thc aotice wiil indude in�o!�mati�n required by law tu
<br /> h� �.*,i�en rne and ai�o thc tide and te(ephor;e r,umbf.r of a person who witl answer ar.y Guestion I may have
<br /> rr�;;:rc;inc thc r:oticc.
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<br /> ;-� �V�7!S�ATE RDJUSTL�,SLE f.A7E RIDER-ARM 5-2-Sinc�le Famity-Fannie�Aea/Freddle PJlac Unifcrm Inttrument
<br /> ' �� Form 3111 3/85
<br /> S � ��-P22�i;�7r5; VM�MOq'GAG[FORM�-tP,ppIS21-7241 � Printsdon dnCP
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