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I ADJUSTABLE RATE RIDER (I Yea Treasury Index -Rata c:a#") . 89' 1.00293 THIS ADJUSTABLE RATE RIDER isawle this _....U___._ day of nuarX ,19. Fl-q and is incorporated into and shall be deemed to anwid anti supplement the hitxtgage. Deed of Trust, or Security Dad (the "Security Insuumme') of the same date given by the undadawd dthe "Batrower ") to secure Borrower's Adjuatdtle Rita Note (then "Note ") to HOME FEDERAL SAYISM S LOAN A885MATIM M OF MAN-0- 11;LA141). NEBRASKA (the "Lender ") of the same date and covering the ptealtetty described in the Security Instrument asttf kK*tr4 ant. 523 ill. Beal, Grand Island, Neciraska (Proptsty Address) This ante I.Asis o jore lWese eNemft toe chaegN In nay lasn"I rate MW My - Mh Mineah.314 nett afro Violin The statwN my Ialerest fast can dltaye at any Dart din star) do tree Ntdsntttt MM am WAxIsetsin rate I gnat pay. ADDITIONAL COVBNAMS. In addidou.to tltA cotiraants and agreements made in the Security Instrument. Borrower and fin the r covenant Rand agree as follows: i A. IN7EJt»f8r am AND MONTHLY Ai1YMRNT CHANGES . The Note provides for an initial Interest ratert>E J 2.5 .%. Section 4 of the Note provides fa cl� in the interest rate and the monthly payments. as follows: A IMERESr RATE AND MONTHLY PA..YMENT CHANGES (A) Cbmw Deft i The interest rate I will pay may change on the rot .day of, February .19 90 , and on that day every i twelve months thereafter. Each date on .veihUh my interest rate could change Is called a "Change Date." (tI)• Thelada ;:, -:• . ; `.' Begirming with the first Change Date. my interest rate will be based on aa.Indemt. The "Itteiex" is the Mreeily averye yiidd em UmititxlStates ' -•'; ,i. Treasury secusities adjusted to a constant maturity of I year, as made avaiUble by the Federal Reserve Hoard. The most recent Index £leisure i available as of the date 43 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 upsm comparable information. The Note Holder will give me notice of this. jj (C) Caln"MostotCbftm • ' . four Before each Change Date, the N ere Eloiditr will calculate my new interest ate by adding percentage Voin .: ( 4-n %) to. tb= Cd :-t t^ end reund!r to the az —*-111t': a!!%, r :bJect to the Hmit: in .S -^•'.. Won: AID) bdow— . - This rounded amount will be my=* * igterest rate until the nat:Cbange Date. The Note Holder will then determine the amount of the monthly paj=ent that would be sufficient to repay in full the principal I am expected to owe on than Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this ateutadon will be the new amount of my monthly payment. (D) Lloift oa trsi nd litaft Cl alp The interest rate 1 sea.. required to pay. at the first Change Date will not be grtaur than 14.5 Vi or less than 10.5 elf,. Thereafter, my interest raw will never be increased or decreased on any.sV&Ebsa Date by ore than f ian ptmrcent ' (2.0) from the rate of interest I have been paying for the preceding twelve months. Thegfximtmt: iatcrest rate ao this loan will never be less than 9. ❑ sFi Brad the maximum Interest ate trill never be greater than (E) Fl KO" Dtale oli Clkatogea My new interest rate with become effasive on each Change late. I wiMpay 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) Noticeolchtttsgea The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me oh (i) the new intexestrair on my loan as of the Change Date; (9) tine amount oft ymonthly payment following the Change Date; (iii) wy 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 adjustment notice.: IL CHARMS; LEEKS Uniform Covenant 4 of the Saztritylustrttment is amended to read as follows: . 4. Charge; Liss. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold payments of ground rents. Tarry, in the manner provided under paragraph 2 hereof or, If not paid in such manna. by Borrower making payment, when due, directly to the p4yee thereof. Borrower shall promptly furnish Lender all noti M of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall not be required to discharge any such Gen so Ions as Borrower: (a) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to 1. ender, (b) shall in good 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 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 Security instrument. If Lender determines that all or any part of the Property is subject to alien which may attain a priority over this Security Instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten Clays of the giving of the notice. C. NOT IM Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. Notkr. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Security instrarrcrrt shalt be given by dclivcring it or by mailing it by fitst class malt to Borrower at the Property Address or at such other address As Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by first clus mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender w hen given in the manner designated herein. r. ss era. r� 1� —J- y ss era. r� 1� —J-