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_ - i ADJUSTABLE RATE RIDER 98_ ��,1 THIS ADNSTABLE RATE RIDER is made this 30TH �y of APRIL , i998 ,and is incorporated into and shall be deemed to amend and supplement the Mortgage,Deed of Trust or Security Deed(the"Security Inswment") of the same date given by the undersigned (the "Bonower") to secure Bonower's Adjustable Rate Note (the ��Note")to HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND (the"Lender")of the same date and covering the property described in the Security Inswment and located at: si4 � si6 SOUTH VINE 1722 IDLEWOOD G�rD zsr�rrD, NEBRASKA 68801 GRAND ISLAND, NE 68803 [Property Address] THIS NOTE CONTAINS PROVISIONS AI.LOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PAYMENT. INCREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL BESULT IN LOWER PAYMENTS. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A.INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 8.5 0 0 %. The Note provides for changes in the interest rate and the monthly payments,as follows: 4.INTEREST RATE AND MONTHLY PAYMENT CHANGES (A)Change Dates The interest rate I will pay may change on the first day of �Y , 2 0 01 ,and on that day every 12TH month thereafter.Each date on which my interest rate could change is called a"Change Date." (B)The Index Beginning with the first Change Date,my interest rate will be based on an Index.The"Index" is: THE WEEKLY AVER.AGE YIELD ON UNITED STATES TREASURY SECURITES ADJUSTED TO A CONSTANT MATURITY OF 1 YEAR, AS MADE AVAILABLE BY THE FEDERAL RESERVE BOARD. The most recent Index figure available as of the date: XX 45 days ❑ before each Change Date is called the"Current Index." If the Index is no longer available,the Note Holder will choose a new index that is based upon comparable informadon. The Note Holder will give me notice of this choice. (C)CalcWation of Changes Before each Change Date,the Note Holder will calculate my new interest rate by adding THREE AND THREE QUARTERS percentage point(s) ( 3.750 %) to the Current Index. The Note Holder will then round the result of this addition to the XX Nearest 0 Next Highest 0 Next Lowest ONE EIGHTH � .125 %�. Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments.The result of this calculation will be the new amount of my monthly payment. (D)Limits on Interest Rate Changes Please�heck appropriate boxes;if no box is checked,there will be no maximum limit on changes.) (1)There will be no maximum limit on interest rate changes. xx (2)'The interest rate I am required to pay at the first Change Date will not be greater than 10.5 0 o qo or less than 6.5 0 0 qo, xx (3)My interest rate will never be increased or decreased on any single Change Date by more than TWO PERCENT percentage point(s) ( 2.0 0 0 %) from the rate of interest I have been paying for the preceding period. xx (4)My interest rate will never be greater than 13.5 0 0 %,which is called the"Maximum Rate." THE "MINIMUM RATE" WILL NEVER BE LESS THAN 6.500$. MULTISTATE ADJUSTABLE RATE RIDER- Single Family 8/94 Page 1 of 2 �-899A(9408) VMP MORTGAGE FORMS-(800)521-7291 Initlals:__._ __._.