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t. F AD'usTASar eas�,E ex psmnEt $9- 100895 (1 Ye Trury Ind•Rate ta) " THIS ADJUSTABLE RATE RIDERismidethis 16th dayef �February .19 69 and is incotportued Into and shall be deemed for amend and supplement the blar'�, gage, Deed of Trust, a Security Deed (the "Security Instrument ") of the same date given by the undersisud (the "Borrower ") to secure Borower's Adjustable Rate Note (the "Note ") to HOME FFEQEW SAYINGS ! LOAN ASSOCIATION OF GRAND ISLANd NEBRAS!(A (ohs ••LtrAa••) of the same date assd coveting the Prey described in the Security instrument and located at•. 2603 OrFlarnaaan, Grand Island, Nebraska. (Property Address) This cote eoaftilm 0 01 ttNer dbwbg fa ehttst W la ray Interco rite OW my ttaaatilj ilsytttaeata. iM Rate atw Retreat at simust ny Interest rate as cue at amore time steed also the aaiahaute Sind the oakum no I mat pay. ADDITIONAL COVENAM S_ %x idditiaa io i3ta covenants and agreements made in the Security Ifttra tot, Borrower and Leader further covenant and agree as follows: A.. IIHfEREST RAIE � T1y i1(ONnMy PAVMf%Jr- CIMG_ES; Note �4des ter ati;irtiWiptenxt rate of 2 i,4t.: section 4 of the Note provides for changes in the interest rate amt the ;tzeonthI3!p>r�mts. as folfdiiva: .. , d• ROF. EST RATE AND MON1 kY PAy"Rt4_ T CHANGES °' (A) ChtupcDaka ' ' The incur• roue t w;g pay inlay clog un r''rc 6 -day of - M r -h > 1` 90 ,andonthatdayevery ;. twelve„ months thereaffev: date on which trey inter rate could change is called a "te1)ate, +' (e) The Iaulex Begimdng with the first Change Date, my interest rate will be based on an Ltdcx. The "Index" is the wewf vejage yield on United Swam Treasury securities adjuttrxt tin a constant maturity of I year. as made available b37 the Federal Reserve Board: the most recent Index figure available as of the date 45 ds s before each Change Date is caged the "Ciurent Index." If the index is no longer avaliatrk the Note Folder will chum* a new index which is Used upon comparable information. The Note Holder will give me notice of this Choice (C) Calculation of Chnagts Befnexcch Change Date, the Note Holder will calculate my new interest rate by adding thrtaa &- r� tree ha 7 f percentage points 3/ rte) to the Curnemt Index and rounding to the nearest 1 /8th of 1 %, subject to :ttz Ilir r*° 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 :%Vqy 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. Tito result of this calculatiou will be the new amount of my monthly payment. (D) Utsaitr oa Iakrrat Rate Craapta The ftsttxest rate I am required to pay at the first Change Date will not be greater than _ 1!{.p or lees than 10— W Thereafter, m interest rue will never be increased or decreased on an single two percent y y Ingle Chance Date 6T more than (2-0) , from the rate of interest I have been paying for the preceding twelve months. The minimum interca; rttx on this loan will never be less than _ q _ 0 we and the maximum interest rate will never be grater than 16.0 (E) IEiteefhe Dale of Ckinges My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly XMent beginning on the flu x: money Payer date af!zr doe Change Date until the amount of my monthly payrxn tin changes again. (F) Notice of Citngges The Nctv'Holder will mail of deliver to mea notice before each Cft'w•rDa'e. T"ne notice will advise me of: (i) the new interest rate on my loan as of the Change bate; (ii) the amca.:r of my monthly payment foil owing the Change Date; (iii) any additional matters which the NoteHalder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. D. CHARGI S; LIENS Uniform Cov4-,rua :.4 0f rite 5i surity Instrument is ammiled to read as follows: 4• ' f.4eattt. f ter - tmwershall pay all tastes, asscnettts, and other charges, firm.' and impositions attribumbie to the Property which rr r, attain a prior:syoitts this Security Instrumcmt' and laselwldpayment, ofgiro; :t ice. if any, in the manner provided under paragraph 2 hercel' or, if not pail in such manner, by Borrower making pa }anent, when dux~ directly td the payee thereof. Borrower shall promptly furnish Lender All notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender resents evkk!1?d16* such PaYntents. 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, egal Proceedings which in the opinion of Lender operate to prevent the enforcement of the Goy or forfeiture of the Property or any Pan 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 Imtrttrnent. If Lender determines that all or any put of the Property is subject to a Ben which may attain a priority over this Security instnrment, I.!Mrs • •" 21ve Rorrowu a notice identifying such lien. Hortowet shall 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 as follows: 14. Notice. Except for any notice required under applioaable 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 I161110wer may designate by notici to Ixnder as provided herein, and Ib) any notice to t.endet shall be given by first class mail to Lenders address stated herein or to tuck other adt:ress as Lender may designate by notice to Borrower as provided herein. Any notice provided for in t t k Smurity Instrument shall be damed to have been gi,,en to Borrower or Lender when given in the manner designated herein. J .