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<br /> � � APPL# 001-70305013 i _ �,`-'.�'-}''��
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<br /> � � ADJ�JSTABI.E RA'�'E RIDER - � � � fi �
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<br />• �� THIS ADIUSTABLE RATE RIDER iS N2d6 dlis 31ST �y pf MARCH 1997 ,2nd is .. ,,� • - -
<br /> � incorpnrated'mto and shall be deemed to amend and supplemeni the Mongage,Deed of Tmst or Sesurity Deed(the"Security , � , , � ' '_
<br /> • Insnnunent")of the same date given by the undersigned (the"Borrower") w sec�ue Bonowea's Adjustable Ra2e Note(the • _
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<br /> < "Note")ro � � _
<br /> HOME FEDERAI. SAVINGS & IAAN ASSOCIATIOPT OF GRAND ISLAND ' •
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<br /> (rhe"I.endea")of the same date and covering the property descn'6ed in the Secarity Insirument and lacated ar - .- {� --- . .• ��
<br /> . �'-�-�.
<br /> 1010 WEST FIRST STRSBT
<br /> GRAND ISLAND, NSBR.ASKA 68801 . •
<br /> I�P�Y Add:as) �, . . ._ , }�
<br /> . - -.
<br /> ` "' TEIIS NOTE CONTAIIVS PROVLSIONS �+1Ld.O�VIIVG FOR C�ANGES II�i MY INTERF.S°i'RATE AND MY � " i°"'� . -
<br /> MONT�ILY PAYMENT. INCREASES IN Tl� IlEi7'CI�FST RATE WILL AESULT IN RI(aHER PAYIbIIENTS. ., .. ` -
<br /> DECItEAS�'S IN T�INTEREST RATE WII.L RESULT H1V LO�VEIt PAYMENTS. - ` '.,��==�'-x'-.
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<br /> ADDYTIONAL COVENANTS. In addition w ti�e covenants and agreements made in the Security Ins7rument, . . ° �
<br /> - Bnrrower and Lendea fiuther covenant and ag�ee as foltows: � -�� :•�:.:�
<br /> A.TiVTEREST RATE AND MONTEfl.Y PAYMENT CHANGES �� `'%'�'°�';'�'�'._�
<br /> The Note provides for an initial int�est raie of �.5 0 0 %v. 'Itie Noie provides for changes in tPie � '��;;£�' ��_��
<br />�.j in�t zate and the monthJy payments,as foltows: � ��
<br /> . 4.INTEREST RATE AND MONTfU.Y PAYMEN'f C�iANGES ,' �. 4�_ �.'
<br /> •.�
<br /> (A)Cbange Da4es � µk�' ' . —
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<br /> .i The interest iate I wiU pay may change on the Srst day of APRIL 2 0 0 0 and on that day = °;�,:�.',:' ` �`
<br /> `� e y i2Ta m o n t h t h e a e a f t r a.E a c i i d a t e o n w h i c h m in t e re s t r a t e could chan ge is called a"Chan e Date." , �` ,.. . —
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<br /> (B)The Tndex �. -��� -
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<br /> Begaming with the first Change Date.my interest:ate will be based on an Index.The°lndea"is: ": ':�:`:'?r -�`�, `:" �. ;-
<br /> -�-�-��..:.� .
<br /> � THE WEERLY AITSRAGE YIELb ON UNITED STATSS TRBASIIRY SECQRITES ADJf73TED TO A r... �`+�_� <•
<br /> -'�� .
<br /> CONSTANT MATiJRITX OF 1 YEAR. AS MADE AVAILABLE BY TSE FEDERAL RESERVE BOARD. .^*�. �.:'��>��
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<br />. -�+' .. �.��'..
<br /> .-i 1he most recent Indea figure available av of the date: 0 45 days ❑ .�`�` �
<br /> before each Cdange Date is called the"Cument Indea" � :�_
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<br /> ��:_ — -
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<br /> 1f the Iude�c is na Iongea available,the Nate Holder will choose a new index that is based upon comparable infam�atiuon. �'�`"• '"�.'`
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<br /> '�e Nate Holdea will give me no6ce of this choice. ����_'
<br /> (C)C�lcot�tion ot C�ngcs • ' .�.�-F� .
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<br /> Before each Change Date,the Note Holder will calculate my new inteaesi aate by adding . ; _";,�,.;.,�_ ,i_ ,
<br /> • . Tt�to arm TxRBE {�v�,1tT�RS percentage point(s)( 2.�50 5'0) w the Current Indea�. �_.Y �;: ��,:.;M�-—
<br /> • 'Ihe Note Holder will then mund the result of this addiuon to the �Nearest 0 Next Highest �Next Lowest ' • • —
<br /> �_}. ouz sic�xsg ( .izs qo), � � . "'.^
<br /> � Subject w the limits stated in Section 4(D)below.ihis rounded amount will be my new interest rate iu►til the next Change ' • : ' .' �`
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<br /> 'Il�e Note Holder will then detramme t'�e amount of thc monthly payment that would be suf£cient to reqay the wipaid , --
<br /> � principal that I am expected to owe at the Chauge Daze in full on the maturiry date at my new interest rate in substantially . _ . �:. �'=''-
<br /> � ec�ual payments.The msnit of this ca2culation will be the a�ew amount of my monthly payment '°
<br /> (D)Limits on Inter�st Rate C6anges � . �
<br /> �Pl¢ase check app�op�late bo�s:if no bos is checked,the�e wil!be no�mum fimit on chan�es.) �. � �
<br /> ](1)'iftere an'Il be no maximum limit on intemst rate changes. • •. • • � : —
<br /> Q(2)'If�e interest rate I am required to pay at the�ust Change Date will not be greater than 9.5 0 o qo .
<br /> �' or less than 5.500 %. � � �:
<br /> �(3)My interest rate will never be incceased or decreased on any single Change DatE by more than •
<br /> T4J0 PERCENT p�cept�e ppint�s� � 2.000 %) from the . ' !—
<br /> rate of interest I have been paying for the prer.cding p�iod. �
<br /> 0(4)My intetesi iatc will never be greater thatt 12.5 0 0 %,which is called ihe"Maaimum Rate." '
<br />' T73E "MIIdIMUM RATE" VJILL NEVBR BE LBSS TFIAN 5.500$. � '� �
<br /> MULT197ATE ADJUSTAB�E RATE RIOER•gingte Family 8�94
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<br /> �-899Atosoet VMP 110i1TpA0E FORU8•(800)527•729� inniats: �
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