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<br />-� °; �anlr�Ar�erica Hau��rtg�ervices V�1RIA�L.1�RA'TE FtiDEl3 - = �----- �-
<br /> . ,� A D'sviston of Bank of America, FSB (1 Y�ar Treasury lndzx-Rete Caps '
<br /> �� -Fixed Fiete C�nversion Optton) `-.
<br /> ��I:� THiS VARIABLE RATE RIDER is made this 0 3 day of FEBRUARY 19 9 7 ,and is inoorporated . .` �.���_,
<br /> into and shall be deemed to amend und supplement the Mortgage, Qear� of Trust or Sswrity Deed(the"Se�eity
<br /> ;� In s t r umen Y')a f t he same da te given by t he un dersigne d (t he'Bcrro�ne r°)to se�ure 8arrowe r's Note, Dis�ass+ro ____�.
<br /> � and SecuriryAgreement(the"Note°)40 ' ' -::�'�••� -
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<br /> ,•<<;;�.� BANKAMERICA HOUSING SERVICES, A DIVIST_ON OF BANK OF r�I�7ERICA, F5B - . . �-c.�^'"''�'�:_-
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<br /> �'.=� (the"Lender'�of the same date and cavering the property described in the Sacuraly Instrument and lacated at , �'�`�"�^-�`
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<br /> 831 E CAPITOL AVE "� '`�
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<br /> GRAND ISLAND, NE 6S8D1 . . �'.`;. '.
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<br /> � TFfE NOTE�RaVIDES FOR A CHANGE IN BOAROINER'S INTEREST RA'TfE AND MONTHLY .�° ��•����-�,-_
<br /> j_,,;�- PB��It�i�f�6T. i'HE NOTE UMfYS TIiE AMOUNT THE BOAROWER'S VA6�IABLE RAYE CAR! � �_
<br /> " Ct+�VGE G1�t A�1Y ONE TIME AND THE MAXIMUM RATE TNE BORROWEH MUST PAY.THE . � �' '` =
<br /> NOTE ALS2) CANTAIWS THE OPTIOP�I TA CONVERT YFiE IiARIA�II� RATE TO A FIXED � ' �;� ' "-
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<br /> ��' .�i ADDRiDNAL COVENAMS. In addiUon to the covenants and agreements made in tho Security Instrument, `��'� �
<br /> Borrower and Lender further covenant and agnaa as foltows: �'-���
<br /> . � A. VAAIlft3LE 1�11Y��t�SY RATE dWD i�lOi�i'P�OLY PA E�lY C • ��`�' � -
<br />. YM FOA�lGES . ,��;�r . , .
<br /> ' , The Note pravides tar an iniHal interest rate of 8.0 0 0 %.The Note atso prcvi�s�f�r changes in the �i � "
<br /> , .. interest rate and monthty payments as tollows: '-�`' �;r ���t: 4:-
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<br /> PROMISE TO PAY: I promise to pay to your order tha Unpatd Balance with i:�:�res3���4nitial rate of: .��,�. ��__'�
<br /> 'I`;,�,.�:, 8.000 % per year.The interest rate I will pay will change in accordan�s�vith the�a�visions of this • �`°�-:;r�,--�
<br /> ` .i��; agree:atent I'll pay this amount in installments as shown in the payment sched�a:a, or as recomputed due to •'t°�'*�����:
<br /> ,i�ix changes in the interest rate.Each monthly payment will ba applied as ot its schedviad d��date. If no lnteres4 �=�.,�;• �---_�-
<br />_ rate is disGosed above,the iniUal Interest rats is the Annua!Percentage Rate shown befaw. `�� ��-��• �� "`-
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<br /> 1(�iTE�REST RATE: l�Ay inWaf interest rate rrtay not be based on the index used ta make later adjustmenb. My -:�-- .__
<br /> ` iMero:i rate may change 11 months after my flrst payment is due and�vory 12 montha thereafter �;,�t.-:.�...__.
<br /> . based on movements in th�monthly averags yietd on United States Treasury securitles adjusted to a constant �:����°_
<br /> maturiry of one year, as made availabte by the Federal R�aerve Board,which is the index rate. My intsrest '���`` ° �=%�7=% —
<br /> rate cannot tncrease or deorease by more than 2.0 0 "/o at any interost rate change or by mote than 5.0 0
<br /> °r6 over ihe term o�this agreameM.The interest rate will equal the index rate in eftect 4 5 daya before the ' � �'
<br /> lnterest rate change date plus a margin o} 3.75 % (roundod to the nearest 1 8 of one percentage � '��r=�
<br /> . :,,;� poir�Z)unless the interest rate�,ps Itmit the amount o!change in the ini�rest rate. -.�. � � �=` '
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<br /> VARIABLE RATE: �'�"'�""'"� �--
<br /> a. Month{y Payment Changes. My monthty payment amount vaill ct�an e each time m int�rest raio is �.'Vi''�,��_
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<br /> . adJusted. The monthty payrr�ent amount wiil fuliy amarGze th0 remainin� unpaid balance at the a�j;�s'F� ' —
<br /> .� ,� interest tate in equal monthly payments over the remaining term o?4his ttyceement � `'"�'-.��.��'`'•� _°-
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