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- - - 1 1 AD3U�TA�sL��ndrta�Ea��uD�� 90— 14 0 3 0'� .r THiS ADJUSTAbLE KA f�RIUrK is rnade this 2gZh aay or Dece��ber ��q 89 , � and is incorporatcd into and shall be deemed co amend a�d supplement thr Mangagc, ihed uf Trust, o� Sccurity Dccd (ehc "Srcurity Instrument")af the same date given b�the undersigned(the"Borrawer")to secure 8orrower's Adjustabfe Rate Note(ehe"Nott")to HOME FEQEML SAVI�IQS i LOAN ASSOCIATION OF ORANO ISLAN�, NEBRASKA (�he '•i.ender">of' the samr datc and cove�ng eha propeny dacribed iu tiir Sc�uriiy Iuyi�uu�cni�u��t lu�:ai�ai: 287D E Nighwa�r 3Cl,�t�3rL� T�land� � b aska (Property Address) TYis aote coeqiw p�ovbloa� �Uowdee for cl�snje� In my interat nte snd my moatl�ly psymeat�.Tai�note also limita t�e�monnt my interat ate cas chae;e�t any oee tlme aad dso tAe mldmum�nd thc m�ximam rau 1 must psy. ADDITIONAL COVENAM'S.In addition to the covenants and agreemznts made in the Security Insttument. Borrower and Lender ' further covenant and agree as follows: A. INTERFST RATE AND MONTHLY PAYIblE1dT CHANGFS 'I�e Nute provida for an tnitial lnterest rate of �Q•25 �'�. Section 4 of the Note provides far changa in the interest rate and the monthly paymertts.as follows: <. /MERFST RATE AND MONTHL Y!+A YME'NT CNANGES (A) C6as�e D�ta � The lnterat rs�te 1 will pay may change on the first day of -_ JaIluaTy .1g 91 .and on that day every �We�Ve months thercafter.Each date on which my interest tate could change is called a"Change Date." (B) The tadea Beginning wIth the Pust Change Date.my interest ratc will be based on an Index.The"lndex"is the weekly averagc yield on Uuited States 7Yeacury securities 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 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 which is based upon comparable informadon.The Note � Holder wiA give me aotia of thls choice. ; � . (C� Cakrl�UUo�otCYa� three � �� � Before each Change Date,the Note Holder will calculate my new interest rate by adding percentage +! ;:� pOiAtS( 3 [] 7�)to the Cntrent Index and roundina to the near 1_flu�e�of 1%,subiect to the limitc ctated in Certinn 4(i)1 hrinw, _ ?_r= Th1s roundtd amount will be my new interest tatt until the ncxt Change Datr. , The Note Holder will ttnen determine the amount of the monthly payment that would be sufficicnt'�repay in full the principal I am � expected to owe on that Change Date in substantially equal payments by the maturity date at my new interat rato.The tesult of this calculauon . will be the new amount of my monthly paymeni. , (D) Wits o�i�terest Rate Chsnses ' tnterest rate 1 am required to pay at the first Change Date will not be greater than __1�,,�a �lo or less than 8•� n•.A7f#fxAflEaU(#SD4it�E��tl(�4�f�c�c�(dG�idfr�dE�ldEi�ldfD6lbXil(�l(�fd��lil(�t�6Yal�ly]bYo'4XibK�Xx)c�l�f�xR��f��Q� , ��'�6�b1(tY��a�f�t�r�X��r�Nf��t�i��i�i�s��t�i�The minimum interest rate on this loan will n=ver be las than 8.0 hi and the maximum interest rate will never be greater than 15.0 %. ` (� Ettective Dste o!CAantes ; My new interest rate wi116ecame effective on each Change Date.I will pay the amount of my new monthiy payment beginning on the first moathty payment date after the Change Date until the amount of my monthly payment changes again. (F! Notice of Changs ._�� The Note Holder will mail or deliver to me a notice before each Change Date.The notice wiU advise me af: --- (i) the new interest rate on my loan as of the Change Date; �.<s�� (iij the amount of my monthly payment t'ollowing the Change Date; � (iii) any additional matters which the Note Holder is required to disclose;and ' (iv) the address of the association you could contact regazding any questions about the adjustment notice. � B. CHAItGES:LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Char�e�:Uew.Borrower sha11 pay all taxes,assessments,and other charges,fines,and impositions attributable to the Propeny which may attain a priority over this Securiry Instrument,and leasehold paymenu of ground rents,if any,in the manner provided under pazagraph 2 hereof or,if not paid in such manner.by Borrower making payment.when due.directiy to the payee thereof.Borrower shall promptly furnish L,ender all notices of amounts due under this paragraph,and in the event Borrower shall make payment directly,Borrower shall promptly furnish to Lender teceipts evidencing such paymenu. Borrower sha11 promptly discharge any lien which has priority�over this Security lnstrument; however, Borrower shail not be required to discharge any such lien so long as Borrower: (a)shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to Lender;(b)shall in good faith cuntest 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 any ' part thereof;or(c)shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this � i niy nstrumeni. i If Lender determines that all or any part of the Property is subject to a iien which may attain a priority over this Seearity Instrument, ! Lender shstll give Borrower a notice identifying such lien. 9orrower shall satisfy such lien or take onc or more uf the actions sct forth above � � within ten days of the giving of the notice. L4. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as follows: f� • U. NoQiee.F:xcept for any notice required under applicable law to he given in another manner.1a)any notice to f3orrouer provided tor in thi� � 5ecurity Instrument chall he given by deliverin��t or by mafGng it by fint class mail to Horrawer at the Property:,ddres±nr<+t w�h uthcr adJ�e+ti � as ffbrrower may Jesignate by notuc t�r Lender ati provided hrrein,auJ(h)�my not�ce ro I ender tihall hc giecn hy {"irtii clati�med �n 1 cnde�'� +� r� -• .iddrc�s tiratcd hercin ur u+tiucn i,thcr addre�t as 1 ender may dr,�gn.ite hy itohce�t�Nttttnµir ati rro�•�Jcd hcre�n. Atiy ni�ucc��.i�lnl toi m ihi. tic�urily Intitnimcnt�hal1 bc dccmcJ tn h;i�c hrcr��iccn tn korrcn.cr�n 1 enJc�+�hcn pncn u�thc m.inncr dr�iy.natcJ tiricm �