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ADJUSTABLE RATE RIDER 89,x,. 10 0 4 5 a (1 Year Treasury Index-Rate Caps) THIS ADJUSTABLE RATE RIDER Is made this 23 day of January, .19 aS and is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, of Security Deed (the "Security Instrument ") of the same data given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the " Notte") to HOME F1gDEML SAYINGS A 40-AN ASSOCIATION OF GRAND ISLAND. NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and Molted at: 3031 Roselawn Drive, Grand Island, Nebraska (Property Address) T'!ls NOW contains p soMhsr aMwlsg for damps N my ialletwt raft and my aaood tg p11yatattta. This pee abe Ilitatla the aectwat ty latest rate can chase at any taws dw mM "the taidaaa mW the mattimoae raft I and 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 provider for an initial interest rate of 12.0 �. Section 4 of the Note provides for changes in the ilrlerest: ante and the monthly paynnetrts, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Chomp Dofn The interest rate t will pale may change on the first day of FphritAry .1990 . and on that day every twegLye-- months thereafter. Each date on which my interest rate could change is called a "Change Date." (i) 1W index Beginning with the first Change Date, my interest rate will be based on an Index. *The'•lndex" 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 resent Index figure available as of the date 41 days before each Change Date is called the "Current Index.- If the.lm&x is no longer available, the Note Holder will choose a new index which is based upon comparable informatim," The Note Holder will giveme notice of d6schoice. ((.) Cafa�4tiamnfea Tkfore.each Chambate. the Note Holler will calculate my new interest ttxte by addWS three and One /half percentage points I J.. Ct ' ? to the, Current Index and rounding to the noreit t /8th of 1%. subject to the limits stated in Section 4(D) below. This rounded amount will be sty new interest rate until the next Change Date. The Note Holder will 0= determine the amount of the monthly payment that would be sufficient to relay in full the principal I am expected to aiwe on that ChartV 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 mr monthly payment. (D) Liinft on Iatetras hate Ciaagxs The interest rate 1 aver required to pay at the first Change Date will not be greater than 14 . jh' t!i or less than j— W Thereafter, my interim rate will never be increased or decreased on any single Change Date by more than tyap pp,.,. ont 2 • from the rate of interest I dace been paying for the preceding twelve months. The minimum interest rate on this loan will never be ICU than 9.0 qi and the ma:amum interest rate will never bcgreater than 16.0 i (E) Effective Date of Changes . My new interest rate will become effective on each Change Date. I `1'rr71 pay the amount of my new monthly payment beginning on the first monthly pays WAt date after the Change Date until the amount of my marst K pa.,yment changes again. (� 1sGt ewe of chuges The Note Holder will mail or deliver tome a notice before each Change Date. The notice will advise me of: . (i) the new interet rate on my loan as of the Change Date; (d) the amcsratof my monthly payment following the Change Date; f -) any additional matters which the Note Holder is required to disclose, and (iv) the address of the associatio® you could contact regarding any questions about the adjustment notice. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chargerbriers. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a priorityaver this Security Instrument, and leasehold payments of ground rents, 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 the payee thereof. Borrower shall promptly furnish Lender all notices of amoumts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing. such paymears. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however. Borrower shag@ no; be required to discharge any such lien so long as Borrower: (a) shall agret in wri&4 to the payment of the obligation segued by such. Ben in the manner acceptable to Lender; (b) shall In good faith contest such lien by, or defend against enforcement of such lien in, legal proceed 4s 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 sutaasidinating such lien to this Security Instrument. If Lendrr determines that all or any part of the Property is submit to a lien which may attain a priwrity over this Security Instrument, Lender shah give Borrower a notice It is m Eying such lien. Borrower si^.aii satisfy such 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 az fddbws: 14. Nodee. Except for any notice required under applicable law -to Ise given in another manner, (a) any notice to Borrower provided fear in this Security Instrument shall be given by delivering it or by mailing it by Prrst class mail to Borrower at the Propeiy 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 1 ender'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 when given in the manner designated herein. "r.