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<br /> �� 97—► �,���r2 ADJUSTABLE I�ATE RIDER 20o a 7 a��
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<br /> (1 Ycnr Treasuiry Index-Rate Caps)
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<br /> T11IS ApJUST/'�6LG RATE R1DRR is mxdc tnis 3RD day of FEBRUARY
<br />,�� - . . �:.�
<br /> _ 1997 , an� is incorporated into an�shull be deemed to nmcnd and supplcment the Mortgage,Deed of
<br />,=1���� Trust or Security Deed(the"Security Instrument")of the same date given by the undersigned(the"Bonower"}ta -n-.
<br /> _- .,,.,�,.,,� secure the Bonowcr's Adjustable Rate Note(the "Notc")to ��
<br />-- •- _� The Equitable Building a�d laen Asaocietion ol GrenO Islend, Hebraske, A Federel 5evings Benk `�_
<br /> !.w��; (the"Lender')of the s�n�e date and rnverins the property described in the Securiry Insrrument and locatecl at: c
<br />_��;;S�L{., 304 S CLEBURN QRAND IS�AND, NEBRASKA 68801
<br /> a�:�,;t_;,,, �
<br /> - (Properry nddrcss�
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<br />"''�, THE NOTE CONTiAINS PROVISIOf�S ALLOWINti FOR CHANOES IN THE INTEREST
<br /> _:.::,-� ,
<br /> RATE AND THE MONTHLY PAYMENT. THE NOTE LIN9ITS THE AMOUNT' T
<br /> ----- BOAROWER'S INTEREST RATE CAN CHARICE AT ANY ONE 41ME AND THE
<br /> -- MAXIMUM FiATE THE BORROWER MUST PAY.
<br /> _�"9�.�.� -
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<br /> ADD]PTIONAT.COVENANTS.In uddition to the covenants and agrcements made in the Security InsErument.
<br /> ��-�;� Borrowcr and Lender further covenant and agree as follows: _
<br /> —�� p�IN'���EST RATE AND MONTHI.Y PAYMENT GHANGES
<br /> -- _-_ � The Notc �rovides foran initial interest rate o4' 7 .250 3'0.The Note provides for changes in _
<br /> - �... the interest rate und ttic monthly pnyments,as follows:
<br /> — 4.IIVTEREST RATE AND 1�IONCHLY PAYMENT CHANGES
<br /> - (A)l:nwnge uai.es ,2002 ,and on that
<br /> .--=:= The interest ratc I will pay may changc on the first day dAARCH
<br /> day every 12th month therenfter. Each dute an which my interest rate could change is caYied n"Chsu►fi�Dute."
<br /> (B)TR�e Index
<br /> Beginning with tl�e fi�st Change Date.my interest rnte wlll be basod on an Index. The"Index" as i�a wee�ly _
<br /> averogo yield on United States'Creasury secui•iiies adjusted to n cunstunt maturiry of 1 year,as made nveilable by
<br /> the Federal Rcserve Bourd.The most recent Index figure available as of the data 45 days befflre each Chango Date
<br /> is callod the"Curcentindcx."
<br /> If the Index is no longer available,the Note Holder will cl�oose a new index which is bnsed upon comparab;e
<br /> infotmation.The N�te Holder will give me nottce of this choice.
<br /> (�C)Calculatlon ot Changes
<br /> Before each Change Date.the Note Holder will calculate my new interest rate by ndding
<br /> � percentage point(s)( 2•� 96)to the Cumnt
<br /> Index.The Note Holder will then round the �csult of this s�ddidon to the nearest one-eighth of one perccntage
<br /> — point(0.125�0).5ubject to the limits statecl in Section 4(D)Ix:low,this rounded Rnwant will bc my new interest
<br /> � rate until thc next C6ange Uate.
<br /> The Note Holder will then determine the amount of the monttily payment that would be sufficient to repay the
<br /> unpaid principal that[am expected to owe at the ChunQe Date in full on the Mnturity Dute at my new interest rate
<br /> in subst�ntially equal payments.The rasult of this calculation will be the new amount of my a�onthly payment.
<br /> (p)Ltm[ts on Interest Rate Changes
<br /> 7he i ntetest rate I an►rcquired to payat thc first Ch•�n�e Dute will not be greater t�an 9•2 5 0 �
<br /> ar Icss tbian 5.2 50 %.Thereafter,my interest rate will nevcr be increased or decreased an
<br /> �-_�.4L1 -- any single Ch:u:gc Date by more than two percentsRc poinu(2.0�0)f.rorra thc rate of interest I have becn paying
<br /> - - ° for the prcceding twtive months.Niy intcrest rate will never bc�rentcr than �2•250 . `�•
<br /> - � My interest rate wi 11 never be lower than 5.250AS•
<br /> �— (E)Ef[ective Date of Changcs
<br /> _= My new i��terest rate will become effective on each Change Date. I will pay the�mount of my new monthly
<br /> --_�°-� payment beginning on the first montlily payment datc aftcr the Change Date until the amount of my monthly
<br /> -�i�;,�o payment changes again.
<br /> _ __"�,� (Fj Noticc ot Changrs
<br /> ___-_ __�... .,..�:..o..P onu�hunos+c in mv inteiESt IatC 311(I tI1C i1rilRUttt 0�Rly
<br /> — -- .�� 'ITIe Ivotc rioidcr wiii aciivci vi n�w..�.��..�.•--�. -.v -----_----- •
<br /> -•�""°�� monthly payment before the ei'fective date of any chnnge.The notice�vill include tnformation required by law to
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<br /> -` --_="-'-�+ be given me and also thc title and tclephonc number of a person who will answcr any qucstion I may hnve
<br /> --_-"��;L��.�� reparding thc noticc.
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<br /> 4"�•� NCUl.71SYATE ADJUSTASLE RATE RIDER•ARM 6•2-5lnplo Famfly•Fennle hteelFreddte Mec Unitorm Inetrum�nt
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