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F L ADJUSTABLE. RATE RIDER 100411 (I Year Treasury Index•RateCaps) 89,.1003 _ THIS ADJUSTABLE RATE RIDER is made this 13 day of _ _ January .19-998 and is incorporated Into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME EMRAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "L.erder ") of the same date and covering the property described in the Security Instrument and touted at: 2307 west Denla. Grand Island Nebraska 68803 _ (Property Address) Thin note cautatr provhtioas a"WINS for chaaga in oy Interest rate sod tray tnnathb paymests. This note also Units the amount gay Interest rate can change at any one daps and ahto the mildmi sm and The maximum rate 1 out pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 12.0 R'i. 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) Change Data TU interest rate 1 will pay may change on the first day of February .19 90 , and on that day every t>aQUA..- months thereafter. Each date on which my interest rate could change is called a "Change Date." fRl<. The Index 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 Kvurities adjusted to a constant maturity of 1 year, as made available by the Feder: Reserve Board. The most recent Index figure availableas of the date 43 days before each Change Date is called the "Current. Ind".. If the Index is no longer available, the Note Holder will choose a nerw index which is based upon compatible information. The rote Holder will give me notice of this choice. (C) Calculation of Changes Befxeeach Change Date, the Note KcIder will calculate my new interest rate by adding twee & one/half percentage pests ( 'a � %) to the Current Index and rounding to the nearest• flfkh of I %, subject to the limits slued in section 4(D) below. This rounded amount will be my new interest rate until the next Change Date. The Note Holier will then determine the amount of the monthly payment that would be sufficient to repay in fall the principal 1 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 win be the new amount of my monthly payment. (D) Lldb oa Interest Rate Changes The interest rate I am required to pay at the fast Change Date will not be greater than 14.0 or less than R,1a qi. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than .tom 11preaut C, 2 = }—from the rate of interest L have been paying for the preceding twelve months. Theminimum interest rate on this loan will never be less than •- 9.0 Ti and the maximum interest rate will never be greater than 16.0 �. (E) Effective Date of Cpasges My new interest rate will become effective on each Change Date. I will pay the amount of 6y newwonthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. • (F) Notice otchaftes The Note Holder will mail or deliver tome a notice before each Change-Date- -lire notice will advise me of- (I) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment fo!lowing the Change Date; Oil) any additional matters which the Note Holder is reqa4zed to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. B. CHARGES; LW_NS - Uniform Covenant 4 of ¢be Security Instrument is amended to read as follows: 4. Charges: Lea. Borrower shall pay all. taxes, assessments, and ocher charges, fines, and impositions attributable to the Property which rainy attain a priority over this Security Instrument, and leasehold payments of ground rems, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making".payment, when due, directly to ¢tae payee thereof. Borrower shall promptly furnish'Lender all notices of amounts due under this paragraph, and in the event Borrower shirt. m4ke payment directly, Borrower shall promptly furnish'to Lender receipts evidencing such pa)mmis. Borrower shall promptly discharge ary lien whin has priority over this SocQicly Instrument; however, Borrower shall not 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 Lender; (b) shall in good faith contest such lien by. or defend against enforcemena cif such lien in. legal proceedings which in the opinion of Lender operate to prevent tbe enforcement of the lien or forfeiture of the Property or acs }r 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 a lien 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 days of the giving of the -ratite. C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as follows. 14. Notke. 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 marl to Lender's address stuted 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 when given in the rnanner designated herein. fj