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I I ADJUSTABLE RATE RIDER 89 -100336 (1 Year Treasury index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 16 day of Janu!'Ary .19 89 , and Is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Dad (the "Security Imtnamuat ") of the same date given by the undersigned (the "Borrower ") to secure Borrower'& Adjuswblo Rato Note (the "Note ") to HOME FEDERAL SAVMS R LOAN Al1MOCIATIOM Of GRAND ISLAND, NEBRASKA (the "Landes") of tho aaxsae date and covering the property descrIW In the Security lotrurneritt and located at: 508 Johnson Place, Grand island, Nebraska 68803 (Property Address) 171iu Wile COWAN gnviek" arawieg for chosen In ty ham" naa and of taaaathibr pays Beets. Tkk NOW also IInib the anseat au lalereat rate can chases at any an dme and ah o the oldness tad the oasinan rate i test w. ADDITIONAL COVENANTS. In addition to the covenants and agreements trade in the Security hmnttu lent, Borrower and Lender further covenant and agree as follows: A. BWf19KM RATE AND MONTHLY PAY11 WM CHANGES 7be Note provides for as initial interest rate of 12.0 aRi. Section 4 of the Nntc VMides for changes in the interest rate and the monthly payments. as foilouri;:. 4. /MEREST RA 7F AND MONTHLY PAYMENT CHANGES (A) cbsu a D"" The interest rate I wftty may change on the first day of Vphrna Tn .19 90 . and on that day every twelve mw in thereafter. Each date on which my interest rate could change is called a "Change Date." (>h 1 Via lhiat BeSion tt with the first Change Date, my interat rate will be based on an Index. The " Index" is the weedy average yield out United States Treasury seczritin adjuttid'to a constant maturity of I year. as made available by the Federal Reserve Board. The most repeat Index figure available as of the date 45 dayibefore each Change Dam is called the "Current Inda." if the Inlet is no lougrr,': sr!4al k, the Note Holder will choose a now index: which iA based upon Comparable information. The None i. Holder will give me notice of thisohaim. ' (C) cdcdWaaofCltasee& - �- - - -- "�- - - - ^- - vi�C l Ids - - - mtnc awu� aara.�c tic. iur ipGic ii6wil.T vruhta�ht.-uhaie my uew inierese tilt tty'>� LhirE� a .. points ( 3.5 %) to the Current Indic and rounding to the nearest 1 /Sea, of 1 %, subject to the iimia stated is Slot m 4(D) badow. This rounded amount will be my new interest ram until the am Change Date. The Note Holder will then determine the amount of the monthly payment that would be suffident to repay In full the prIndpel I am cgxxted to owe on that Change Due in substantially equal paymento by the tusks* date at my new interest ram. The result of this calculation will be the new amount of my monthly payment. (L1) 1lAmft m is kstat:lkLte Cbmgp The interest rue I am required: to pay at the first Change Date will not be greater than 1-4-0 % or has than 10.0 cep, Thereafter. my imbaca rate will never be increased or decreased on any single Change Date by mote than tun n -rtr prat 2.0) fray the rate of interest 0 bave been paying for the preceding twelve uVanthra. The minimum intend ate on this loan will sever be . : Tess than 9.0 sti and the maximum intarestmte will new be greaterrhea (10 ii;ffaethe Dale of Chongea My nevi interest rate will become effective on each Change D ate. Amilt pity .rJne amount of my new monthly payment bq>haing on thus first monthly payment dam after the Change Date until the amount of my monthly payment changp again. (F) No" of Clasen The Note Holder will mail or deliver to we a notice before each Change Due. The motive will advise me of: �. Of the new interest rate on my loan as of the Change Dam; (d) the amount of my monthly payment following the Change Date.. (iii) any addido W,'Mament which the Note Holder is required to diselosC and ' (iv) the adds ess of the association you could contact regarding a lily q uafions about the adjustment aotirx. 9. CHARGES; LIENS Ussiform Coverami 4 of the Security Instrument is amended to read as follows: C Gateau; Limit. Boni twa shall pay all taxes, assessments and other charge, fines, and impositions attributable to the Property which itiay attain a priority over this security Instrument. and leasehold payments of ground rents, if any. in the manner provided under paragraph 2 hemf or. if act paid in such manner, by Borrower malting payment, when due, directly to the payee thereof. Borrower shall promptly furnish Leader ail notices of amounts dux under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly fytraish to Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall trot be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to Iander, (b) shall in good faith contest such lien by, or defend against enforcement of such !ten in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any Pon thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to I.aadet subordinating such lien to this security instrument. If Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument. Lender shall give Borrower a notice identifying such lien. Borrower shag satisfy such lien or take one or mots of the actions set forth above within ten days of the giving of the notice. C. monm Uniforms Covrshaaht la of the Security Instrument is amended to read as follows: 14. Notice. Except for any notice required under applicable law to be given in another manner, (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 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 or to such other address as Lander may designate by notice to Borrower as provided herein. Any notice provided for in this Security Imarumrni shall be deemed to have been given to Borrower ear Lender when given to the inanner designated herein. 1