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20�205�4� Adjustable Rate Rider FHA Case No. 321-3132280-729 THIS ADJUSTABLE RATE RIDER is made this 19th day of June, 2012, and is incorporated into and shall be deemed to a.mend and supplement the Mortgage, Deed of Trust or Security Deed ("Security Inslrument") of the same date given by the undersigned ("Borrower") to secure B orrower's Note ("Note") to Wells Fargo Ba.nk, N.A. (the "Lender") of the same date and covering the Properly described in the Security Instaument and located at: 412 W 13th ST, Grand Island, NE 68801 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOR'ING FOR CHANGE5 IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAI�IIMUM RATE THE BORROWER MUST PAY. Additional Covenants. In addition to the covenants and agreements made in the Security Instru,ment, Borrower and Lender further covenant and agree as follows: Interest Rate and Monthly Payment Changes. (A) Change Date. The interest rate may cha.nge on the first day of October, 2017, and on that day of each succeeding year. "Change Date" means each date on which the interest rate could change. (B) The Index. Beginning with the first Change Date, the interest rate will be based on an Index. "Index" means the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year, as ma.de available by the Federal Reserve Board. "Current Index" means the most recent Index figure available 30 days before the Change Date. If the Index (as defined above) is no longer available, Lender will use as a new Index any index prescribed by the Secretary. As used in this Rider, "Secretary" means the Secretary of Housing and Urban Development or his or her designee. Lender will give Borrower notice of the new Index. (C) Calculation of Interest Rate Changes. Before each Change Date, Lender will calcula.te a new interest rate by adding a margin of one and three-quarters percentage point(s) (1.750%) to the Current Index and rounding the sum to the nearest one-eighth of one percentage point (0.125%). Subj ect to the limits stated in paragraph (D) of this Rider, this rounded amount will be the new interest rate until the next Change Date. (D) Limits �n Interest Rate Changes. The existing interest rate will never increase or decrease by more than one percentage poixit(s) (1.000%) on any single Change Date. The interest rate will HCFG-00603 FHA ARM Rkler-One Year Treasury Constant Maturitiea Index 4l05 VMP� 11H1 Wollers Kluwer Financial Services 201206184.1.1.2336-J20120129Y Page 1 of 3 3 1 0'