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r ] A .ti b t ADJUSTABLE DATE RIDER QQ i00$�� (1 Yea Treasury lndea- RateCaps)' 8.7" THIS ADJUSTABLE RATE IUDER is made" 7 dayof ('ebruary, 19 89 and is Incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security, InstnuncW') of the same date given by tb: uWasigned (the "Borrower ") to aware Borrower's Adjustable Rate Note (the "Note") to HOME FEOEAi11 SAVINGS i LOAN ASSi)C1lkT64N OF GMND ISLAND NEBRASKA (the "i ritder'q of the same date and covering the property described in the Security Instrument and located•at: Thies sate awlatttts Peerhlatm almiSg Tor tea in my Ins rm rain air m! t000fib► Palms". iita Sole elite bdit the anotat my Interest rate am thaage at nay eat Bane aai. Sire Ilse mWmaas aSti tin Suttdmram talc I mSai pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrusmt, lacrrov erand L mda r . Further covenant and agree as follows: A. WTER E ST RATE AND MONTHLY FAYMF.N'f CRANCES The Note provides for an initial interest rate of ?rir. SeXon 4 of the Note provides for chaajp iisht interest rate and tht monthly payments, as follows:' 4. INTEREST RATE AND MONTHL Y PAYMENT CfF.tL•1 GES (A) ChweeData The interest rate I will pay may change an the first daye march ,19 SO , and on that day every tt:ae].ve months thereafter. pawls date on wt-kh any interest rate could change is called a "Change Date." (s) Tlit Ida Beginning with the fast CilsBt�r. Date, my interest rate vwU roe basal on an Index. The "Index" is the weekly Ave Umi Wd on United states . Treasury securities adjusted no a constant maturity of l year, as made available by the Federal Reserve Board. The most teoent dada figure available as of the date 45 daasihefore each Change Date is called the "C::r'rar_ Index." If the Ind ea is Aso 1cf4 available, the Note Holder will choose a =-w: irdex which is based upon comparable ILMf or natiQx. TIj Ndtg, ' Holder will give we notice of thstrhoice. (C) Caleakdowof Chn Before each Change Date, the Note Holder will calculate my new intrtMlYate by adding tWo & one /half percentage paints l - S %) to the Current Index and rounding to the nearest 1 /gth of I ale. subject to the limits stated fn 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 waubd be sufficient to repay Sir fril the principal l am expected to owe on that Change: Date in substantially equal payments by the maturity date at my new interest rate. The insult of this calculation will be the new amount of my monthly payment. (D) I A tr evi lakrest Rate Cltaga The interest rate 1 am required to pay at the first Change Date will not be greater than 4re or less than A- R Of#. Thereafter. my interest rate will never be increased or decreased on any single C two percent hange Date by more than (2.0 ) — from the rate cfli xcest I have been paying for the preceding twelve months. The minimum interest rate on this loan sill never be less than - 9 - O °/i and the maximum interest rate will never be grater than (E) Effective Dale of Cltaagea My new interest rate will become effective on each Change Date. 1 will pay the amount of my new monthly payment; Lir4 using on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Notice of Ciarges The Note Rolder will mail or deliver tone 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 additikuml matters which the Note Holder is required to disclose; and (iv) ti:e 9+:dr4'sof the association yreu could contact regarding any questions about the adjustment notice. 11. CHARCFS; U'EM Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. CLmga; Ll"L Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a Priority ov cr thisSecutity Instrument. and leasehold payments of ground rents, if any, in the manner provided under paragraph Z 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 autuit's due under this paragraph. and in the et>:ut Borrower shall make payment directly, Borrower shall promptly furrash to Lender receipts 0t44sc5ng such payments. Borrower shall pttsmptly discharge any lien which has priority over this Security Instrument; howem. Botrcr:m ,-;Sall not to required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation secured, by7 such lien in the manner acceptable to Lender; (b) shall in good faith contest such Gen by, or defend against enforcement of such lien in. team 6roceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any Put 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 Imtrumtnt. If Leaner determines that all or any part of the Property ie cllbie�-t tmo gen tritic ma; attain a priority over this smWity Instrument , Lender shall give Borrower a notice identifying such lien. Borrower shall'satisfy sucdt lien or take one or more of the actions set forth above within ten days of the giving of the notice. C ltiMFM IlnffClm Covenant 14 of the.Secutity instrument is amended to read as follows: 14. Netke. F-xcept far any notice required under applicable law to begiven in another manner. (a) any notice to Borrower provided for in this Security Instrument shall be given by delivering it Of by mailing it by first class mail to Borrower ut the Ptoputy Address or at such other address as Batro' er may designate by notice to Lender as provided herein. and (b) any notice to Lenact shall be given by first class mail to Lender's address stated t:eretrf or to such other address as Lender may dolghate by notice to Borrower os provded fherem_ Any notice proaldcd for in this 5txutity lmtrtrmtr,a shall to deerr. -d to tense b--en given to Borroxet ur 1 ender whin giscn sn the manner devfgnated herein 'C Alf', .A f , M1 —I