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I ADJUSTABLE RATE RIDER 8900'"111110 O 3 3 (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER h made this 20th day of JaL.i�s`• ry and is incorporated into and shaU be deemed to amend and supptetnerit the Mortgage, Deed of -Trust, or Security Deed (the "Security Inatrument") of the same due given by the undersigned (the "Borrower ") to secure Bon'awcr's Adjustable Rate Note (the "Note') to HOME FrOElIAL ><AYI!!tT! # LQAN AttOClATlON OF QMNQ lt3LANQ, NEBRABKA (the "Lender ") of the same data end covering the property described in the Security Instr-ame,7i and "i tcd at: 404 Woodland Drive, Grand Island, NE 68801, (Property Address) This mole contalm previtlasa aWwhg for eltangea is try intewt m%. NW my taoatitly paywesta. TNa "ae ale llaalts the amount my latest rate as eksage at any one time and rhea tM tNnlr mttl the maximem mte 1 tssat pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Leader further covenant and opm as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. • INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Cbup Data The intact rate I will pay may change on the first day of —February .19.8—, and on that day every 12 months thereafter. Each date on which my Interest rate could change is called a "Change Date." urn 71e lark: Beginning with the first Change Date, my interest rate will be based on an index. The "index•' is the weekly average yield on united states Treasury securities adjusted to a constant maturity of 1 year. as made available by the Federal Reserve Board. The most recent Index ftwe 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 whichlis based upon comparable information. The Note ; �= Holder will give me notice of this choice. (C► Cah kdm of Change w.r� � rt_, � � • TL N.^'.� Ili"�'a':.�.i..i ....r.... .._ three - ..L, .......let: rw3 true int�i s•: :a.�� ate.. - -- paints t 3 • Q to the Current lades and rounding to the nearest I /8th of 1 aAi, subject to the limits stated in Section 4(D) bd ow. This rounded amount will be my new interest rate until the next Change Date. The Note Hokder will then determine the amount of the monthly payment that would be sufficient to repay in frill the pchidpal I am expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. (D) Lads as Interest Rate ChapW The interest rate 1 am required to pay at the first Change Date will not be grater than 12.5 !i or less than 8.5 �Fi. �' 14d( dtJ( OEOL�Xd( I�CIQKO�i�f9( 9�JiNf( 91X9Q) PXlI4C:) �J( NllM1 fi29b9Fkl�IQJ�N(4N(RJ!!F]Q"1( -, XtrattxE�f�PlO�jtl�aililEkflltSc�le fikAtlirlE: f9lriEii9EiPRs7ilttR ►RIiYStrkR! &. The minimum interest rate on this loan will never be less than B -S �and the maximum interest rate will never be greater than 14, 9; **See back for additional M ' EffwdveDoleotChm" information _ My new interest rate will become effective on each Change Date. l will pay the amount of my new monthly payment beginning on the first t d monthly payment date after the Change Date until the amount of my monthly payment cbmVis (F) Notice of CYagea The Note Holder will mail or deliver to we a notice before each Change Date. The notice will advise me of- (I) the new interest rate on my loan as of the Change Date-, 60 the amount of my monthly payment following the Change Date; (iti:) any additional matters which the Note Holder is required to disclose; and' Ov) the address of dwassociatica you eoukicontact regarding any questions about the adjustment notice. IL CHARGES; LIENS Uniformfocaant 4of the Security Instrarmiat is amended to read asfbHows: 4. Ctrargea; LIM. Borrower shall pay all taxes, assessments, and o.trer charges. hires. and impositions attributable to the Property which May , tttain a priority over this Security Instrument, and leasehold payments of ground rents. if any, in the manner provided under paragraph 2 hereof 'or. if not in by Borrower paid such manner, making payment, when dime, directly to the payee thereof, Borrower shsU promptly furnish Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly fundsh to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Securfty Instntmnt; however. Borrower shall not be required to discharge any such Gen so tong as Harrower: (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 contest such lien by, or defend against enforcement of such Gen in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or _ f any part thereof; or (c) shall secure from the holder of such Gen an agreement in a form satisfactory to Lender subordinating such lien to this Security Instrument. If Lender determines that all or any pan of the Property is subject to a Gen wNch may attain a priority over this Security Instrument, Lender shall give Borrower a notice identifying such Gen. Borrower shall satisfy su&, lien or take one or more of the actions set forth above within ten days of the giving of the notice. C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. 'Kotiee. Except for any notice required under applicable taw to be given in another manner, (a) any notice to Borrower provided for in this ti Security Instrument shall be given by delivering it or by mailing it by first class mail 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 class mail to Lender's address stated herein of to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in thz. Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. PI