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=3 AW LISTABLE RATE RIDER 89-100705 (I Year Treasury Index-Rate Caps) THISADJUSTABLE RATE RIDER is made this 6th day of February _ _ 19 ^89 and is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security 1 Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FEDERAL SAIC(NGI i LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (the "Lender ") of the sutra date and covering the property described in the Security Instrument and located at: 3011 Brentwood Court, Grand Island, Ne (Property Address) Thb tote contains proYWona allowing for changer in any latest rate and my ooathly payments. This maze ahw Units the amount my Interest rate an change at any one titre and also the minimum 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 %. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RA71E AND MONTHLY PAYMENT CHANGES (A) Change Data T1te interest rate I xil: P's may change on the fast day of - K Tt; b ,19 AD , and on that day every _Lwe a months ttawfter. Each date on w-ibkh taxy iateaect sae could change Is called a "Change Date." (S) The lade: Beginning with the first Cbaw Date, my interest rate w,2 be based on an Index. The. "Index" is the weekly average yield on United States Tremury securities adjusted to a constant maturity of I year. as made available by the 1"oderal Reserve Board. 1U most recent Index figure available as of the date 45 days before each Change Date is cased the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable sat'ormadcm, The Note Holder will give we notice of this choice. (C) CWeokdom of Changes Before each Change Date, the Note Holder will calculate my new inc rate by adding three & one /half — percentage points f 3-5 hA) to the Current Index and rounding to the nrarmt i,`Rctl of 1%? . subjv--.to.thse tarts azt fee .ms 4(D) bell . This rounded amount will bt my new interest rate until the next Change Date. The Note Holder will then determine the amount of the montbiy'pxy'=t.ch:t 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 rate. The result of this calculation will: be the new amount of my monthly payment. (D) Limits on Interest Rate Omega The interest rate I am required to pay at the first Change Date will not be grater than 10.0 %. Thereafter, my interest rate will never be increased or decreased on an s 1 I - - two I percent c n from the rate of interest 1 have been y single Ghange Date by mote than paying for the preceding twelve months:. The minimum interest rate on this loan will never be tats than 9-0 sA ttmd the maximum interest rate will never be greater than 16.0 try, (L7 Effeciltwe Date of Chaimps My new interest rate will become effectRe on each Change Date. I iiU pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monist* payment changes again. (F) Nodee 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; (ii) the amount of my monthly payment following the Change Date, (iii) any additional matters which the Note Holder is required to disclose; mad (iv) the address of the association you could contact regarding any quesdorts about the adjustment notice. E.. CHARGM- LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charges; Lteo.- Borrow er. shall pay all taxes, assessments, and other charges, fines, and Impositions attributa'''ble teethe Property which may attain a priority osiea'.ihi::s ,Security Instrument, and leasehold payments of ground rents, if any, in the manner provided corder paragraph 2 hereof or, if not paid in such banner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lander all notion 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 shall promptly discharge any lien which has priority over this Security 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 pr000edings 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 Gen to this Security Instrument. If Lender determines that all or any part of the Property is subject to a Gen 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 mote 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',. 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. i i.