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i 89--. 100551 ADJUSTABLE RATE RIDER (I Year Treasury Index -Rate Caps) THIS ADJtISTAHLt3 RATE RIDER is made, this 31 day of JANUARY Ig :A 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 EEQERAL A0926 A LOAN &UMIATION OF GRAND ISLAND. NEBRASKA (the "Lender ") of the same date and covering the p:operty s -iibtd itt the Security instrument artd located at: 2210 RIVERSIDE DRIVE, GRAND ISLAND, NE, (Prwpe W Address) TAY NOW cantatas previsloas allowing for chess W is tty" Inttxtrft 1at4 aid say "aft Payments. TAN a" an 1Wta dw amount my hilt tMtecis eloxV aR say are time am An tbo nekdo en mW the naxlruan rota 1 ttnaat pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower.and leader further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.25 gib. Section 4 of the ;Vote provides for Changes the.eate�.est;rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHL Y PAYMENT CHANGES (ee) C-1-wi a .. to The interest rate I will pay may change on the first day of Fcahrt taarV ,19 _�_ , and on that day every t{yp lyp months thereafter. Each date on which my interest rate could change is called a "Change Date." (8) 7% Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" h the weekly average yidd.gni ,tit t d Mates . ' Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most imnbtil,Iadtx figure available as of the date 4S 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 which is based upon comparihble itjbrmatiort. 7be Note s Holder will give me notice of this choice. - (C) Calealatbu of C'Aastgaa t` Before each titattge Date. the Note Holder will calculate my new interest rate by addles. xiuo and Dtiefhai1 ; percentage points ( 2 - 5 41s) to the Current Index and rounding to the nearest I1.8th of I q'. 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 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 will be the new amount of my monthly payment, (D) Ltsaits on Interest Rafe Chaagm The interest rate I am required to pay at the first Change Date will, not be greater than 11.25 sRi or less than Thereafter. my interest rate will never be increased or decreased on any sin& Change Date by more than t',ign,naapnt from the rate of interest 1 have been paying for the preceding twelve months. The minimum interest sate ou t bb loanwill w%a be less than 7-nn —% and the maximum interest rate will never be greater than 14 - S (L) Effective Date of CAaagea -- My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first l monthly payment date after the Change Date until the amount of my monthly payment changes again. M Notice of Changes The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new Interest rate on my loan as of the Change Date; (u) the amount of my monthly payment following the Change Date; (iii) any additional matters which the Note Holder is required to disclose; and - (iv) the address of the association you could contact regarding any questions about the adjustment =dce. S. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument Is amended to read as follows: 4. Clatrges; Ilan. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to -the Pgopeny which may attain a priority over this Security Instrument, and leas _hold 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 sha4promptiy furnish Leader all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shat) promptly discharge any lien which his priority over this Secu:iiy 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 enforcement of such lien in, legal proceedings ego p Inge 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 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 en 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 chEs t�- Security Instrument shall be given by delivering it or by mailing it by first class mail to ltonower at t he Property Address or at such ether ad -dress as Borrower may designate by notice to Lender as herein, provided and (b) any notice to I ender %haul he 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 prn%, ailed herein. Any notice provided for in this Security Instrument shall be deemed to have been to Borrower given or Lender when bee%en an ahc manner designated herein. I-