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<br /> - � � ADJUSTABLE RATE RIUER ������.00 7
<br /> . (1 Year Trasury ladex•Rate Caps)
<br /> TH3S AA,I'�'STF3f.�RA'�'F_RiDER is made this Z1 day Qf FebruarY ,19 90,
<br /> � and is incarparatcxi inF::►;�nd shall be desme� to aimnd and sapptement the:1rlo:tgage, Deed of Trusi,ar 5ecurity Lteed (the "Security
<br /> Instrument")cF ctr:e�as,cqt�givets by the undersigaed(the"Borrouer")to secure Bonower's Adjustabte Rat�e l�iote(th:"Note")tfl HO�IE
<br /> FEDERA�.SAYINf3l�i!.'�l�N ASSOCUTtOM QF GRAND ISLAND. NEBRASKA(che"LendzP')of che same date and covering the
<br /> prapertY desCn�ed�a ctse�er.s��y l�s'.rume.nt and located at: . .
<br /> 3027 Brent�aod Place, Grand Island, Nebraska , � '
<br /> (Propeny Address)
<br /> nfa.eot�'�er�!��rorisia� aHawt�ror ctuqes ta n�y Isterese rate ��d my mo�tlQy �
<br /> , Qt9aee�3�t;t�[ia:as�jC:Nso iT�its tYe taaiat ay i�terrst rnte ae�c6tw=e at aay aee tln�e aad
<br /> �i6o I���F�aaOl�f51e eu3sem nt!I sYSt p�y. ' , r
<br /> �`:-Y
<br /> � MA!'I'IQh`AL Cf3VL?'t�,i{Ap±"tS_la additian to the wvenants and agrcements rnadP in the Securiry Instrumertt,Borsower and Lender
<br /> • furth..•rcavena,ztats�lagxa9�€�t��+�s:
<br /> A. Ih'TT3tE5�T�A�'E Alt#MU1i'[fILY PAYMEM CHA;YGES
<br /> 7'he.Nate pr�ti-i,�.fbs aa�o�:inte:est rate of �2.� �'o.Section 4 of[he No::proviiles for changes in the in��rest rate and ihe �
<br /> j raanthigis�7��rYCCncs;�:alis:�R:. . . .
<br /> � ` •- ..
<br /> 1. lNTEP.EST t?A�'��l;�lA MnNTHLY P.�4�7ifENT CNANGES
<br /> � fA) (�r�e 1� 1` _.
<br /> The inYarest rax f wril��lag c���;change on the first day of �'"areh , .19�_.and on tha3 day every
<br /> .�y�jyp mq:�t„�t Eheze�fter,Each date on which my inter�t rat•_could change is ralferl a"Change Aate."
<br /> (H) Ti�elslex •
<br /> Beginoir�g withthr,firp�.Change Date.my interesc rnce wilt be based an aa�adex.Ti:�••Index"is tht weekly averags yietd on Ltti:;��taus
<br /> Treasury securiti��zd}",;;tcti►a a constane maturity of 1 year,as made avai!�ule by th:�edeeal Reserve Baard.The most recent Infex 5gute ,
<br /> availabte as oF t'.v:stalt 45 da;?s.before each Change Date is called the"Current Index." � =
<br /> If ttx It�ex is na,tninger available.the Note Holder will choose a new index wluch is based upon camparable i�fonnatian.The Note ' �
<br /> Hotder wili givam�aCxxeof this choice. �-
<br /> iCi Calcwi�/tnient.G�rases • '`
<br /> � Befort each f`h�rig�Dat�.the Note Holder will catculate my new interest rate by adding fe�r petcentage --`�-,�`
<br /> �:r
<br /> points{, �y„�,. . °Te)u�tFre Current Index and rouading to the nearest 1I8th of 1�r,subject lo the limits stated in Section 4(D)EcipN. ���_,__
<br /> 'I'his rourtded amaurtr,�rii�be my new interest rate until thc next Change Date. °
<br /> The Narr.Ka?r?rr wiU then determine the amount of the monthly payrrrr_nt [hac would be suificient to repay in full the principal I.am -
<br /> a�pected t�owc ca tJLit Change Date in substantially equa!paym.nts by th:�r.�::�rity date at my new interest rate.Thc result ot'thiq c�lc�tlation
<br /> will be thR new aa+_Q;int of my manthly payment. -
<br /> (0) IJaUtt��Qeterc.0 Rate Ch�ssa .
<br /> The interert -a,*.e 1 am rcquired to pay at the first Change D;�.e will not be pleater th2n . 1�.n �lo or {c�s than
<br /> � ��� �"rol;i'ttereafter,my interest ra�.c�iill never be increased or C�:rc�sed on any Ein3le Changn Date by r��re than_,tW�.��c1t
<br /> � �� ^� fra�,tEte rate of interest l have been paying for the preceding tv.cSve months.Thc minimum interest rate an this toan K'.?;t*ever be
<br /> � ��r
<br /> ; tess thAn.�.�P ".and the maximum interest rate�vill ncver be greater tha�� �6.0 �o o, '
<br /> (E) Ei[ecth�,pate of Ciuges
<br /> � My new inir,tr-5t rate wiU become effective on each Change Date.l wiUyi�,��[ht amount of my new monihly payment beginning on At�e�rst
<br /> montt�y paymeptdate after the Change Date unti!the amount oP my mcnc!;iy n�ym�;pl changcs again.
<br /> (E� NnW;e ot Clus�es .-�'
<br /> The Nmr Holder will maii or deliver to n�e a notico Gefosee::::'.;C'�;rr,��Uate.The na[ice will advise me uf:
<br /> fiy; th:new interest raie on my loan�s of the Changc f�atc: •. -
<br /> liij thc�amaunt of my monthty pa.yc;cnt following the Chan.��;Y�nte: �
<br /> pi.i� i�n�additionai matters whicl:i:�e Note Holdar is re�uircai to discluse;aricl
<br /> (ivp t'readdress of the association you could contact regarcliiz�tmy questions�bout the adjustment notice.
<br /> B. CHA1Ni1S;.t.1�NS
<br /> ' • lJnifo.m Coveliattt+LOf thsSecu�ity tnstrument:i:;atnen�fed to read es foltUws: �
<br /> Q. Ch�t�pes;lie�.Borrowcr shsll�*ay all taxes,assessmenis.a1�ct�ther chargcs,fincs,and imp�sitiun;attributable to thc F'raperry which rnay
<br /> attaiR e pr.i�rity over this 5ecurity[nstrumen►.an�laascho!�1.��aym:nts of ground ren�s,iF any,in the manncr provided ur.der paragraph 2 hereof
<br /> or,if not pqid in such manner,by E3orroK•er rRa,ci:sg,payr,ient,when due,dicectly io ihe payee Ihercof.Bonower shall promptly furnish Lender
<br /> all itar'sets of ar'noun�s d�e under this put�::ipta,�uacl in the event Barrower shall make payment directly.Horrower shall promptly furnlsh to
<br /> I..ender rtce�pt�:evidencing such payments.ilorrower shall prompUy Jischary,e any lirn wLich hus prinrily aver this Security Instrumen�;
<br /> huWe�er, fk�•snwer sh:il!nut be reyuired to disehargc any SI1CI1 IICtI 50 IUII�' 85 }SOttOIV�(: (;�� aliall agrce in writin� to U�c p�yuicnt uf!hc
<br /> abligntien sec�r-d by such lien in Ihe manricr ttrceptable to Lender,(b)shall iu good fai�h cunte5t such lien by,nr defend against enforcement of ;_->,�--_-
<br /> sush lien in,Ir�;al proceeQings whieh in the npini�n of Lender aperate to prevent rhe enforcement uf the lien or fnrfcirore of the{'roperry or any
<br /> part thetrnf; Gr{c)shal!securc from the hufder oi such lien�n agrecment in a inrm�a�isfactory m t.ender sutwrdinating sucb�icn to this ,
<br /> Secur:r�y In,Lrcmcnt.
<br /> If l.ttuder detetmines Ihat all ar any part oP the Nropeny is subject tu a lien which may attaiu,�ptiuri[y uver�his Securiry Instrument, i
<br /> Lsader sh�ll give Barroxer a notict identifying such lien.8arrower shali satisPv suth htn or tale one or�nore uf the:n:tions L,t fnrth ahovt � i��
<br /> withln tcnd�ys of thegiving of the nntice.
<br /> L �. ���
<br /> t lnlfos�tt['�vtnant 14 uf Iltc�ccurity tnsirmnent is amended to read as follows: �
<br /> t4. '`ufkr.[xcept tbr any noUce rcyuited under appticablr taw to be given in anolhet mannrr,(:1)8fly I1W�l'C 10 HUtIO���!�ItU�ItICII POf II11IU�
<br /> Sc.�r.cy Ins:sutncnt si1311 be givCn hy deli.cring�t or��y ntailing it hy firat ci.ts,ntail ta Uvrro�cc.E at Ihc t'roperty Addrrsc i.r.it:urh othct addreis �
<br /> �s Fit:,rru•e_•t tnny d�5i�iate by hotikr It�I cndcs as�+rtn:i:led liere�n,and(h)any niarce tv Ecnjder th;.ilt hr eiccn E+�i�rst clsc,ma�!r,�F enit�r'c :-Y ..
<br /> �cidrr--sc•�+.e:#fi^reinorincuchc,th�f:lddtr;caci.endestu�vif°_�iF:iiatebvuuticeto[turro.tire:i;pr���ltledtie�!vn. MEtn�����c��mti�icJt,�r�i�tlz�.
<br /> Sr:urrtr tm�tnurcnr Sh�H t�ee_':e!ir.•�t tu ha�r ber.��v��ci�tv R��rrnacr i�r I�nder �+lien�:i�ctt�b trt;iiiaiu:rr�tr•,�•;i�t��1 hcrcin
<br /> �
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