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___ _-_ � � ADJUSTAI3LE RATE RIDER ��-'10034� _ _ (I Ycnr Treaaury Indcx-Rnte Capsl l'H1S ADlli5TAHLE RATE RIDER is made this ��tt7 d�y py� Janu�3ry ��q 90 � � and !s incorporated 'ento and shall be dcemed ta amend and suppkmrn! thc I�1orEga�c, Decd oP Trust, or Security Deed (the "Security Instrument")of the samc datc�iven by the unttersigned(the"Borrawer")to sccurt f3orroweT's Adjustablc Rate Note(the"Note")to HOME FEDERAL SAVlNGS� LOAN ASS�ClATlON QF�MND ISLANQ.NESEUSKA lthe'•l.ende�")of the satne date and cov�ring the � property dacribed in the Security Instrument and located at: 904 West Louise. Grand Island� NE 68801 (Property Address) i Tbi�note coetalm provislo�a allo�la� tor chaa�es In mN Isterat rale �ed my monthly psymeat�.T�i��ote also limiu the amouat my interest rate can chsnfe at�ny one tlme aad �Lso the�elnimu�and t6e muimam r�te 1 mu�l pay. i ADDtT10NAL COVENANTS. In addition to the rnvenants and agreements madc in thr Security lnstrument.Borrower and Lender � , further covenant and agree as Pallows: � . A. 1NTEREST IUTE AND MONTHLY PAYMENT CHANGFS The Note provides for an irtitlal lnterest rate of 8•Z5 .qo.Section 4 af�he Note provides for changes in the interest rate and the monthiy paymenu,as follows: �. INTEREST RATE AND MONTNL Y PA YMENT CHANCF.S (A) Cb�n�eDats � ttcle�vetej 1�r�te 1 wiil pay msy change on the first day af February �19 g� ,and on that day every ; � months thereafter.Each date on which my interest rate could change is calted a"Change Laate." � � (�) TrelMex � Beginning with the�rst Change Date.my interest rate will bo based on an Index.Thc"Index"is the weekly average yield on United States , 7'ressury secudtlea adjuetM to a constant maturity of 1 yea*,as made available by the Federa! Reserve Bc+ard.The*nest recent ln�cK�geire available as of the date 45 days before each Change Date is called the"Current Index." If the Index is no longtr available, the Note Holder will choose a new index which is baseei upon comparable information. The Note . Hotdtr will give me notice of this choice. . (G� Calc�htloa of Cla� .�F --= a°.�.a.�i�.:.t�i i.'t'.ri'yy�a^..-iic.a}i2:iv"tc iivtu'ci wi�S iaii.iildic iiiy ii2i�iiticic5i iaic`vji au'u'ln� t�!�n J� n�1A�l�a1�' �� _ _ - -- points� 2•50 ni)to the Cunent Index and rounding to the nearest 1/8th of 1%i.subject tu the limlts stated in Section 4(D)below. �_ This rounded amount will be my new interest rate uatil the next Change Date. =_ The Nate Holder will then determine the amount of the monthly payment that wauld be sufficirnt to repay in full tht prinsipal I am � ; expected to owe on that Chan�e Date in substantially equal payments by the maturity date at my new interat rate.The rauit of this calculation will be the new amount of my monthly payment. � (D) Usib o�tateresf Rste C6ae=es 10 25 ' � 6 25ntvest rate 1 am required to pay at the �rst Change Date will not be greater than • % or than • hi.Thereafter.my interest rate will never bt increased or decreased on any single Change Date by more than tWO 2 DETCent from the rate of intetrst 1 have been paying for the preceding twelve months.The minimum interest rate on this loan will never be � less thsn 6•Z5 hi�tnd the maximum interest rate wi11 never be greater than 13.25 qs, � 1 (� Etfective D�te ot Chseaea � My new interat rate will become effective on each Change Date.I will pay the amount of my new monthly payment beginning on the first � monthly paymrnt date aftu the Change Date until the amount of my monthly payment changes again. � ' (F� Nodce ot Chaesn � :y,:. � The IVote Holder will mail or deliver to me a notice before each Change Date.The notice will advise me af: (i) the new interest rate on my loan as of the Change Date; �� + --. (u) the amount of my monthly paymcnt following che Change Date; , (iri) any additional matters which the Note Holder is required to disclose;and � (iv) the address of the association you could contact regarding any questions about the adjustmem notice. ..._ B. CHARGES;t1ENS � Uniform Covenant 4 of the Security Insuument is amended to read as follows: ' �. Cbt�es;i.ieas.Borrower shall pay aU taxes.assessments,and other cha�ges�fines,and impositions attributable to the Property«hich may � attain a priority over this Security lnstrument,and leasehold payments of ground rents,if any,in the manner provided undcr paragraph 2 hcrcof • or,if not yaid in such manner,by Borrow•er making payment,when due,directly to the payee thereof.Borrower shal!promptly furnish Lcnder all notices of amounu due under this paragraph,and in the even[Borrower shalt make payment directly, Barrower shall promptly furnish to ' Lender receipts evidencing such payments. Borrower shall promptly discharge any licn which has priority over Ihis Security Instrument; however. Sonower shall not be require@ to discharge any such lien so long as Borrawer: (a) shall agree in writing to the payment of the obligation secuted by such lien in the manner accrptable to Lender;(b)shall in good faith contcst such lien by,or defrnd against cnforcemcnt of � such lien in,legal proccedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfciture of the 1'raperty or any ;-_-<—-- part thereof; or(c)shall secure from the holder of such lien an agreemem in a farm satisfactory te> Lender subordinating tiuch Iien to�hiti � Security Instramcnt. Jf I.endtr determines that all or any part of the Praperty is subject to a lien which may attain a priority over�his Security In.truuunt, I � Lendtr shall give$orrower a notice identifying such lien. �orrower shall satisfy such lien or take one or more of the actionti sct lonh ahuve ;_ . _ within ten days of thc giving of the notice. I C. N077CE �� Uniform Covenant 14 of the Security instrument is umended to read as fvllows: �' l�. Pioleea Except for any notice required under appticable�aw ter be given in another manner,(a)any nutire to Borruwer pro�ided f+�i n�thic � —_ Security Instrument shall be given by delivering it or by mailing it hy�rst rtass mail ro Borrower at the f'ropenp Addre+��r��t tiu�h��her:��Idi cc� � ��r as Borrower moy designaic by no�ice to Lender as provided hercin,and(b)any natice tn Lender shall he give�i by tir�t .I,�.. m;�0 n� t �nJ�•r'� .' address statcd hcrcin or tu�.uch othcr address as I.cndcr may detiguatc hy nu�icc m fiorr<�wrr a�protiidcd hctcin. An. nr��,c��.�uL J i�•� �u i i�� ' ` Sewrity Instrument tihall be ileen,ed fe�have F�een g�vrn t��ficxrnv.cr�,r I cr:der�•.hen�i��en�n thc manucr Jcc,E-n:,ic�l hc�rui r 4;5�. � iT' `�74'� � _rr1r� -�.:r. 3'., '. �J.: t''. ` .