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ADJUSTABLE RATE RIDER : g9 — 100544 (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 27 day of JanuAry .19 89 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 Adjtatabk Rata Note (the "Note") to NOME FEDERAL 9AVI11O9 A LOAN A14OCIATIl;)1+! OF GRAND 1131 AND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 3004 Brentwood Square, Grand Island, Ne 68801 (Property Address) This am contain plodMoaa snowing for Chang" In my found rate ung any neatly gaynnts. This note also limits Mammonist my Intend rate =a ebugg at any oaa tines a" also tie WAMMm ChM lie maxlem rates tuahtpay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Insuument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provk1es for an initial interest rate of 12.0 fly. Section 4 of the Note provides for changes in the interest rate and the nwttsly payments, as follows: 4. [ATER&TRA TE AND MONTHLY FAVVENT C' MANGES (cif Chaape Data Ttic kheiesetate 1 will pay may change an the first day of March 119 90 , and on that day every t*rp1 v p months thereafter. Each date on which tpy interest rate could change is called a "Change Date." (s) TMe hale: Beginning with the fast Change Date, my Interest rate will be based on an Index. The "lades" Is the weekly average yield on United States Treasury securitva adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most tenant T aka figure avadul ie 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 w-Kch is based upon aWatmaCii 6. The Note Holder will XWe me notice of this choice. (C) claieaiod"OrCMaages Before each Change Date, the Note Holder will calculate my new interest rate by adding t: hree & onp/bAlf DercentU e pniiils.i { 3 : 5 all) to the Current Index aid rounding to the nearest 1 /8th of I%. subject to the limits stated in Section 4(D) below. 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 substantially equal payments by the maturity date at my new interest nte. The result of this. akuMon will be the new amount of my monthly payment. tD) Lina es. a latest Rate Changes The interest rate I am required to pay tut the UM Change Date will not be greater than 14 tlls or less than tire. Thereafter, my interest rate Rill nemitr be increased ar degreased on any single Change Date by more than *wn P era- pre t from the rate of interest I have been paying for the precediustwelve months. The minimum interest rate on this loan will never be ins than 9.O -% and the maximum interest rata will never be greater than 16.0 %. (El EYfeetive Date of Cinaaga My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the fiat monthly payment date after the Change Date until the amount of my monthly payment changes again. (i) Notice of CMngea The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (D the new interest rate on my loan as of the Change Date; (h) the amount of my monthly payment following the Change Date; (iii) any additional matters which the Note Holder Is required to disclose; and (W) the address of the association- you could coutsat regarding any ques0ons about the adjustment nodoe. 1L. CHANGES, LIENS Uniform Covenant 4 of the Security rnsnument isamended to read as follows: 4.. t bmwa; Liar. Borrower shall pay all taxes. assessments, and other charges, fines, and impositions attributable to the Property which may attain 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 paid in such manner, by Borrower making payment, when due. directly to the payee thereof. Borrower doll promptly furnish Lender ail notiicces of amounts due under this paragraph, and In the event Borrower shall make payment directly. Borrower shall prompdy furnish to Lender receipts e0dencing such payments. Borrower shall promptly discharge any lien which has priority over this Seanity.fnsnutment; however, Borrower shaft mcx be required to discharge any such lien so-bas as Borrower: (a) shall agree in writing to the pay=eat of the aWsation secured by such lien in the manner acceptable to Lender; (b) sban in good faith contest such lien by, or defend against enfot =eat of such lien in. legal proceedings which in the opinion of Leader agerares to prevent the enforcement of the lien or forfeiture of the Prope my air any W thereof; oe tc) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such ltrn to this Security lnstrtazimat. If Lender determines that an or any pact pf the ProoaV Is subject to a Hen 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 notice. LC. NOTICE Uniform Covenant 14 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 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.