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<br /> ADJUSTABLE RA1`E IiIDER 90_,_. �
<br /> 11 Year l'reas►uy index-Rate Caps) 1 a 14 6 ..
<br /> THIS ADJUSTABLE RATE RIDER is mnde thit _j 6 day of march ,19 90 ,
<br /> ' � and is ir.cotparated into aa� shall be detmed to 3mend and supplement the t1+4artgage, Deed uf Tcust, or 5ezurity Dced (the "Security
<br /> Insuument")af the samc date given 6y th�und.°rsign:d(the"Eorrouer")ro ser:use Borraw�er's Adjustable Rate Nnte(the"Note")to HOME
<br /> FEDERAL SAViNCiS� LOAN ASS�iATiON OF t3RAND 4SLAND, NEBRASKA(the"Lender")of the same date and ccs�•ering the
<br /> property descrihed in the Security Instrument and tocated at:
<br /> 3008 8ientwood Square, Grand Islar.d, Nebraska
<br /> EPropetty Address) •
<br /> Tbis note contaftrs procisFons alloRieg fos efisnges io mp interest iatr ead my mont�tg
<br /> p�yrnrnts.This oote atsolimlts the amouat�y intetesi eate cua c6ange at any one time aad
<br /> aLso 11sQ micimom and t6e msudmum�ate A mast pay. '
<br /> � ADD1T10NAL COVENANTS. In additioa to the covenans and agreen:e.^.0 cnade in the Security lnstrument,Borrower and Lender
<br /> further covenant an�agree as foUow•s: '
<br /> A. IN'FEltFST RA7E AND MQ:�iTHLY PAYM�NT CNANGES
<br /> The Note provides for an initial interest rate of 8•5 —°'o.Sec���7::c�-�ae Note provides for char.g�in th:iate_�est rate a.z���ie'. . .
<br /> montMy payments,as fo!lows:
<br /> 4. /Ni�;3t�ST RAT£.4ND.1fO,VTHL Y PA}'.1fENT CHAtiC,ES � .
<br /> , (A) Change FPns�s �
<br /> The interecc ra�e�•wif!pay may change an the Grst day of A(]T i 1 ,!9�1,and on that day�°--
<br /> }�y���e months thereaftet.Each date an which my interest rate coutd changc is called a"Change Qate." '
<br /> (BI �l'be index
<br /> He�:;..ning with L,e�:rst Change Date.my interest ra:c will Ue ba5cd on an Index."fhe"Indrx"is theµ�cekty average yield on Uni[ed States
<br /> Yreasury securities adjustu3 to a conslant maturitf of! year,as maac available by the Federal Reserve H�U::9.Thr most recent Index fi;3�:r •
<br /> availab?e a4 of the dat��5 aays before each Chanac Dzr:is calted the"Currrnt Index.•'
<br /> If tt:Sn�ex is no longer available,the Naie Hd.�:r wi6t t:sc�.::;a new index whieh is based upon cumparabte information_The tiote ' '
<br /> Holder sv;ll��.•e me notice of this choice. '
<br /> (C) Cakulatlon o!C6�nges �
<br /> Before each Char.ge 9ate,the Note Holder will ualculate n�y ac�+interest r�:;.::'_p adding two_� ne `�a f percentage
<br /> points( .2�5 �70)to the Current Index and rour.din�:: _::r.earest 1 i8ch of i�'o,subject ta ehe limits staced in Section 4(D)below. '
<br /> This rounded arnoun:ai�f be my new interest rate until the next C7�.L::�;Date. � -
<br /> The Note Holder will then determiae the amount of th�zr=�r::nly paym:•n[ [hat evoul3 be:�F!icient ta re?2y in full the principa!1 am •
<br /> expected to owe on that Change Uate in substantially e.;a�'�ayrr.�n[c by the macurit��dzte at my new intere�! -u_:..�he result of this calculation
<br /> wil!be the new amount of my monchly paymen[. � ,�
<br /> {[L) .bimit9 on Intereat Rate ChAnges . �-
<br /> The ir.�:rest rate i am reyuireJ to pay at thc (:rst �':':�,��._ f)aie �vi1! not hc greatcr than 1_Q.5__�__,%�� or less than � �"
<br /> �-� - ol�.'Thereafter,my interest rate�.�ll never hr -:.:at�;.�nr de�rcn��.;:.5 on any cingte Change 1)ate by mnre thz:: tW0 oercent
<br /> (2-�� fram th�rate of interett 1 have heen payirA'cr•-�-:��;.ling twe:L��::�nthti."i hc minimum intcrc,t rate on this l�Yan will ne�c:r I�e
<br /> less than �_� .�._�'o and the max�mum interr---�__:� : -:. �n c�c;rcatcr chan . _13.5 _q�o, `
<br /> (F.) �,fQective Uate oP C:hAnges
<br /> My r.ew interest rate will becorr�e€fcctive on ca.:'-'���:.-_;:�:'�� f wiU pay�shc amaunt c�f r,.y rtew monthly payment hcginnin�on thc fint
<br /> monthly payment date after the Ch;mge llate unti3 tt.z_--_�_::t n:my muathly payment changc,as;ain.
<br /> '�*...
<br /> (k) NoNce of C6anges ...
<br /> The Note Holder wil)mait or deh�cr tn mc.�noricC heforc e:. - i h:+nge 1)atc. (hc nuhcr u�ll:�dvi�c mc of: �
<br /> (i) thc new intcrcu ratc on my Ivan tis c�f thc('hzr.y.�:.=_;:;
<br /> (ii/ the.�mount uf my mun[hlp paynicnt f��llouintt � :�.� -:�KC U<,•::
<br /> (iii) any 4�:,t;oua)n�atters ahuh thc Ko��s I i:::;er:�,��.,.-_s1'�..:,�. •�:.,����
<br /> � (iv) thca4�sessoPthcaswciaUon>�nucv...'�:cr:r.c.:,t rc:c�.,1 �, ::r•_,�;..•r:,untic�brnit thcadjustuicn[unticc.
<br /> B. C�4.1Et4��I:S: IJtNS
<br /> Un:.°:rrrr�:o.cnant 4 ut'tlic Sccurit�:Inslrurneut iti an;cndr�!to rc.u:at folluw�:
<br /> �. C'hArges:i,iens.F3a;rriv.•�r shal!pay:ill t:l�CS.iKtiCStF11C11�S,:a�td othcr chargeti,finc�.;ind inip�+.n�vnti allr�l�utal;le r�,>>'.�::I':.,perty�hiCh»;ay
<br /> attair.a rri�rity c�vcr�ni�Sccurny in�uumcnt,and Ica�chnld p:+y�ucnr.��:�:ruwid rem�,�i any,in�he�ntiunct ptovidcd ur.dct�:::::igra�ih 2 Ncreof
<br /> or.if not p3id in surb manuer.hti lionower mak�nF.payrr�ent.tichrn due.d�reclly t���n�•�,.��,«��ne«��r. i;o�«,���er sn:ill pturtt�•ti�. furni�h I.ender
<br /> al!noli:es of amoanEc due uneicr thi:paragsaph,and ir.the cti•eni Botrcnc�r;h�E{{Fna��•pa�mcnt,lircrity,liorrou�cr;hall pr:,mpily fumi�,h to
<br /> I,ender receipt5 evidencinv such paymentc. Burre���.er ShaU nrumptly diceharF:e .�uy I�en +vhi�h Ir.ic pnonly over thic Se.urity lutiirument;
<br /> hUuCvcr. licn�owcr shal! nnt he rci►�:ued to diuhar{•c;iny �u,h hrn �n lon: ,i� Is;�rn�«cr. (a► �haU ac�cc in wntinF�to ihc {r,iyn=cnt <,t thr
<br /> uhLgation se.ureci Hy such lien�n the manner arccptablc ta 1 cndrr.Ih�.htdt ui:��a.!!,�ith�nute,t ,uth hen hy,ordef:nd:ifeaintit enfnzcernent nf
<br />. cuch I�Cn in.Irgal prncectling;�ch:ch in thc opiniu�i��t I cndlr iti�,.;.iic u��,rr�cm thc cnt��rccntcnt nf'Ihc licn ur fnriciturc��f ttic i'roperiy cir any �-_--��
<br /> part thereof: iyt(cl shall ce,tue frc�m the hnldcr ��f tiuch hcu ��n.iyrccu�cni u�.i h�rm cah,faitury tn 1 cndcr tiuho►etintitinc;tinch iren ;u thiti
<br /> Scetrcity Inetrumcnr.
<br /> It t endcr de�crnnnc.that c�ll t�r any r.vt of thc F'cu�,rr<< i,�uhjc�t tu a licn ti�hr_h may.rttain.���nnrify t+L'cr th�ti 5ccuntv I�nitumcnt, ,
<br /> 1 endet shal!F��e i3nrro�ser a not�,e�dcntifywg surh licn. Kurro�ee yh;�l1 ti:tnti(ti �u,i�hcn�,r�ake o�1c c�r�n�rc�,f :hc ait�Um �Ct t��nlr ah�iec �-
<br /> µ�chin ccn days of�he F���ng nr�i,r nn�ur. ���
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