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I ADJUSTABLE RATE WDER $9.r 100 34 0 Year Treasury Index•Rate Caps) THIS ADJUSTABLE LATE RIDER ismadethis 20 day of January , 19 89 and b incorporated Into and &W be deemed to surmid and supplement the Mor4W. Deed of Mud, or Swa ty Deed (the "Security Imtruaf M ") of the Satre date given by the umkralgaed (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FEDERAL illAHllM A LOAN A>ZfOM MR 9 .G—RAND ISLAND. NEBR"KA (the "Lender ") of the sattae due and covering the property described in dw Security Imtrument acid bated at: 3125 West State, Grand Island, Ne 68803 (Property Address) 7tl+ia note eoshim pro Maas W%wMg for chasm M my lskaaat rate ani my rwalib payaiestts. TMs soft do Nwih ere a onset sty Interest rate can draage at any age dw teal also the midwsm ard the marinas rNe 1 wM pay. ADDITIONAL COVENANTS. In addition to the covenants and Weements made in the Security Instrument. Borrower and Lender further covenant and agree as follows: A. INTEREST' RATE AND MONTHLY FAWNzNT CHANGES The Note provides for an initial interest rate of 12.0 tlir. Section 4 of the Note rovides for monthly payments. as follows: p in the interest rate and for 4. INTEREST RATE AND MONTHLY PA k74EN7 CHANGES (A) Chmp Data The inw iaa fine I will pay may d aw on the rust day of Fenr.sa= _ .19 90 . and on that day ever — true, ve mvatlu thereafter. Each date on which my interest rate could change is called a "Change Date.'• (g) TWlain Beginning with the first Change Date, my interest rate will be based on an Index. The " Index" b the weekly average: yield on United States TYenury severities adjusted to a constaut maturity of 1 year, as made available by the Fedentl Reserve Boerd. The most recent Index figure available as of the date 45 days before each Change Date iscalfed the "Current Index. , If the Index is no ) oeger available, the Note Ha)? a will choose a new index which is based upon comparable information. The Note Holder will give the notice of ft choice. (C) cded desatClraagas Before etch Chun Date, the NM Kbider wrilLgticulate my new intern rn�. gy �� tlirap gn.i r no /hal F _ points r– 3 - � rlti) to the Curren Index and gOmdina to the ite�M 1 /8th of 1 err. subject to the limits stated in Section 4(D) bdow. This rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am expected to owe on that Change Date in- 'Ubstantially equal payment$ by the maturity date at my new interest rate. The result of this calculation Will be the new amount of my monthly Payment. (B) Limit w iueseac Rue CfYaMW The interest rate I am required to -pay • at• glee first Change Date will not be greats than 1-4 - 0 9t► or less than 10-n —%- Thereafter, MY utter rate will never be increased or decrezxd on any sitwe Cbaage Date by more than _ tWo percent 0 0) R the rate of imterestt het %* been paying for the preceding twelve months. The m%edmim interest rate on this loan will never be less than V.0 +fi sad the nraxitntim interest rate will never be greater than 16.0 R. (>0 Effective Deft 4CCIa" a My new interest rate *M become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change (late until the amount of my monthly payment changes agaib- • (F) MWke of tAaasit The Note Holder wM rash or deliver to me a notice before each Change Date. The motice wd i dvise me On ( tthe new i[CM&O:est rate on my loan as of tb*Change Date; (ii) the amount of my inont@by payment following the Change Date. fi`u') any iddidonal matters of" the Note Holder is required to disclose; and frc) the addrM of the associ=on you could contact regarding any questiotu ;about the adjustment notice. li CHARGES; LKIM Uniform Coyeaact 4 of the =i'rity instrument is amended to read as follows: 4. Chows; brief. Borrower sw pay, arc, taxes. assessments, and other charges, fines, and impos!tnons attributable to the Property which tray' attain a priority ever this Secatcq instrument, and leasehOW payments of ground rams. if any, in the manner PrOl&r under paragraph 2 heeaf or. if not paid in such mac W, by Borrower making; payrment, when due, directly to the Meg threreaf, Borrower sbaU • all notices of amounts dub under this � promptly furnish Lender. Deragraph, and Ea the event Borrower shall maxi: Payment directly, Borrower shall promptly furnish to Leader receipts evidencing such payments. 8orfowa shall promptly discharge any lien which bars priority over this Security Instrument; however. Borrower shall not be required to disc[arge any such lien so long as Borrower: (a) shall agree in writing to the payment of ti% Obligation secured by such lien in the manner acceptable ca Lender; (b) shall in good.raitb contest such lien by, or defend against enforcement of , such lien in. k&W procadinga which in the opinion of Lestcfsr operate to prevent the cafbrcement of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such 49n an agreement in a fc= satisfactory to Lender subordinating such lien to this Security Instrument. If Lender determines that all or any part of the Propeny is subject to a riexe %r jch may attain a priority over this Security Instrument.. Lender shall give Borrower a notice identifying such lien: Borrower shall satisfy suL, jen within ten days of the giving of the notice. or take one or more of the actions set forth above. C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. Niaidee. Except for any notice required under applicable law to be given in another mariner, (a) any notice to Borrower provided for in this 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 80rrovaer 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 or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice ptovided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. f b.• K`