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_ 1 � ADJUSTA�LE RATE RIDER 90_,,,: 1 U 0 2 5� 11 Ycar T�rasury Indcx•Rute('nps) i NIS AUJUSTAHLE RA i-�RIpER is madc this g�� a�;o` ,��.�r�. __. , ,�g90__� � and !s incorpouted into q�d�hsil bc decmcd to nmend and supptcmcnt Ihc Mortpa�e, lhcd of Trus1, or Scrurity Oced (�hc "Securlty ltutrumtnt"}aP thc sama;date`ivcn by the undersiRncd{ihe"Borrower"?ta sccurc R��rrowcr's Adjustable Rate Note(thc�'Note"�[o HOME RE�EIt4l 3AVIN[�8 a IOAN A�4fihClATi�N QF OA�NQ 19L�N@ HE99ASKA ith� "L�nd:r")nf th�samc date and covering tY�c � N�opr�ty Srssrilx�l ii�the�csurity i�sirument An�located At: 16[14 west 3rd Street. Grand Island. Ne 68801 � (P�operiy Addras) — T1k �ote rnwtsl�s provbioay �Iiuwi� tor classa la my i�terest rnte a�d sy mo�tMly p�yme�t�.TAi��ote�Iso Iimlu tMe�000�t iay intere�!nte u�cha�ie at�ny oae Umr�nd � �Mo iMe d�w��a�d tirc asaxla�r��ate 1 a�rsl p��. ' ADDITIONAL COVENAN7'S. In addition to the covenants and agrcemertts made in the Security lnstrument, Borrower and Lender � further covenant and agrec as fallows: A. IN7'EREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an inidal interest rate of 'I.] -[1 n•, Section 4 af the Note provides for changes In the interest rate and the , monthly pxymenu,as fallaws: f � 4. INTEREST RATE AND MONTHL Y PA YMENT CHANGES (A) Cra�e D�ta The Interest ratc 1 wiU pay may change on the first day of FebTUa T y ,�g 91 ,�d on that day every � �' � � months thereaftet.Each date on which my interest rate could change is called a•'Change Date." � (Y) Thel�dex i Beginaivg wiW the first Change Date.my interest ratc will be based on an Index.The"lndex"is the weekly average yield an United States � 'I'reasury securities adjusted to a constant maturity of 1 year,as made available by the Federal Reserve Board.The most reant Index figure : available as of the date 45 days before each Change Date is called the"C�rrent lndex." !f the Indea Is no lon�er available,the Note Holder wiU choose a new index wh9ch is based upon comparable informarion.The Note ` ' Holder will�lve me notice of this choice. • � (C) Cakwl�tlo�ot Cra�a ;� . &fore each Change D�te,the Note Holder aill caiculate my new interest rate by adding TI1�69 de e,--�e��-ha�f P�rantaSe i� =�` ��- - ' P��f �•� 9i)to the Currrnt Index aad rounding to the nearest 1/8th of 1 ne.subJect to the iimits stated In Section 4(D)below. ° - ; This rounded amount will be my new interest rate until the next Change Date. �__ � The Nott Holder will then determine tho amount of the monthly paymeat that would be suf�cient to repay in fuU the principal 1 am ac�xted to owe on that Change Datt In substantially equal payments by tl�e mawrity date at my new interest rate.The resul►af this caiculauon - will be the new amonnt of my monthly payment. (D) Ilm(v oe Ieterat Rate C6aegcs � -- The intuest rate I am required to pay at the first Change Date will not be geater than 13.0 01� or less thu� � 2 O 9i.Thereafter,my intetest rate wiU never be increased or decrrased on any single Change Date by more than tW0 oercent � : • from the rate of interest I have been paying for the preceding twelve months.The minimum inttrest rate on this loan witl nevtr be - ; kss than 9•� �i and the maximum interest rate will never be g�eater than �6.0 qo. � (� Eftecdve Date of Cd�eses My new interest tate will become effective on each Change Datc.i wili pay the amount of my new monthly payment beginning on the first � monthly payment date after the Change Date until the amount of my monthly payment changes again. ,; � (F� Notice ot C6antcs ' ;;� � The Note Holder will mail or deliver to me a notice before each Change Date.The notice will advise me of: �_:�_ � (i) the new interest rate on my loan as of the Change Date; � .--,_ ; (ii) the amount of my monthly payment foilowing the Change Date; t ` G>i) �Y additional matters which the Note Holder is reyuired to discloxe:and � (lv) the address of the association you could contact regarding any questions about the adjustment notice. ''' B. CHARGES;LIENS � Uniform Covenant 4 of the Secnrity Instrument is amended to read as fallows: �• !. CLa►�es;Uew.Borrower shall pay all taxes,assessments,and other charges,fines,and impositions attributable to the Property which may attain a priority over this Security lnstrument.and leasehold payments af ground rents,if any,in the manner provided under paragraph 2 hereof or,if not paid in such mamur,by Borrower making p�yment.when due.directly to the paya thereof.Borrower shall promptiy furnish Lender all not�Ces of amounts due unda this paragraph,and in the event Borcower shall make payment directly,Borrower shall promptly fumish to Lender teceipts ev3dencing such payments. Borrawer shall promptly discharge any lien which has priority over this Security Instrument; howevet, Borrower shall oot bc required to discharge any such lien sv long as Borrower: (a)shall agree in writing to the payment of the obligation secnred by such lien in the manner acceptable to Lender;(b)shall in gaod faith contest such lien by,or defend against enforcement of �,, such lien in.legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or arty � � part there�f;or(c)shaU secure from the holder of such lien an ageement in a form satisfactory to Lender subordinating such lien to this • Secudty Instrument. { 1f Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Inst�ument, � Lender shall give Botrower a notice identifying such lien.Borrower shall satisfy such lien or take one or more of the actions set forth above � � witA�n[en days of the g�v�ng af the noticc. _� � C. NOTICE Unifo:m Covenant 14 of the 5ecurity Instrumcnt is amended to rcad as follows: � 11. NoUce.Except for nny notice requ�red under applicable law to be�iven in another manner.(a)any notice to Eiorrower provided for in this ia Security Imtrument chaU be given by delivering it or by mailing it by first clasti mail to Borrc�wer ai�he I'r�,prrly Address or at cuch other addresc � as 6c�rrnwer may Jecignate by nohce ro lender;xs prcrvicied herein,and (b)c�ny notice to I cuder sh;�11 hc g�ven hy fir�t clac.rna�l�n 1 ender'� r� �,- a addre�s st�ted herNin or tn,uch nther address as I.ender may deii�n�tc hy nut ice to'3c,rrower a�prm�decl herem .Anc nc,ti�c��r��Ird t��r:n rhn SCiurny imlrumcnl ch.�ll he dermed to havc heen��vcn:u Iforrnwrr or I endcr whcu�•��cn in�lic manner dC.�yn:�tcd hcirin ��,.r� � _�+iy"r�' �+�' %, ,��