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ADJUSTABLE RATE RIDER 89- "101056 (I Year Treasury Indent -Rate Caps) THIS ADJUSTABLE R,l:TU•IrMER is made this 28 day of February 19 89 - and is incorporated into•and shall`hi deemed to amend and supplement the MortMe. Deed of Trust, or Sccusity Eked (the "Security Wtrumint") of the saate data givatt �V, the undetsigzed (the "Borrower ") to secure Borrower's Adjustable Rate Note (the °Note ") to HOME MM SUMS A LOU MOCIAU M OF GRAN_ D ISLAND. NEBRASKA (the "Lender ") of the same date and covering the property described in the Securil;E,LttSntment and located at 40t'sill: 6th St., and 322 West 11th St., Grand Island, We 68801 (Property Address) TIDY. data fir )trOvilk" 0119W gl fair tdtaages la tap Want ate sod acey nos" paytaraattc •T(W.tttate 11b* %M11 tie weans say laftrat raft cola changs u u)r am tine out aha fate mat atzr tie gate f tones pay. . ADDITIONAL COVEKAtMS. In and to the eomnanu and agreements trade in the Security iestrureac, Borrower grad Lender. h tber covenant and agree as follows:. A. IN ERR 14TE• AND MIDNVRiY itAYMENT CHANGES The NOW provides for an irtitiaf ittosest ram *f 11 • 9•. Section 4 of the Note provides fbir. changes in the interest rate and the monthly paymentu, as folkww 4. /MEREST IMTH /MD MONTHLY PAYMENT CHANGES (A) CiclWEafft. The interat, rate I MR pay may change of iae first day of Urch 0119 90 , and on that dayevery . :M I Ifa manths thereafter. Each date on whkk my interest rut could change is tailed a "Chang a Date.:, (a) TIM hwa Beginning with the first Change Date, my interest rate wt.1 l be based; ai.an Index. The " Index" is then wanly avenge yield on tfeiW&ates Treasury secutities•adjatsted to a constant maturity of ) year, as made a3• able by the Federal Reserve, Poard. The most recent loom i; -Xure available w of rite dato49 days before each Change Date is called the "Current Index." II<the Index is na, lagw.. available, the Note Holder will choose a new index which is based upon comparable information. Tb-- Ndz Holder will shemenadecoftitfsc bite. (C) CtiJntlat(us of Chorea' , Before each Change Date; the Note Holder will cakulate my new interest rate by adding three & one /half percentage. points Us,tf r, Current Index and rou:!& 3 to the nearest 1 /8th of 1%. subject to the limits stated in Section 4(D) below. This rounded -amount will be rzt m.w interest rate unto the ncxi Change pate. The Nato holder will then cWe mme the amount of the monthly p iuyment that would be sufficient to nosy in full the principal l am expected to 13w40111, thai Change Date in substantialiy equal payments by the maturity date at my new interest rate. The fault of this calculation will be the anew AlUdiint of my monthly paytnc L (U$ ILitaits a Iaaetest• llPrptrc Qanges Tfia .interest rate I oars; trxi7 zed to pay at the Teas . cGmn= Date will nct, be. g; eater than 13.0 rfi or less than i -- —� Thereafter, :..y interest r - -u2i -.d never ea iy,:;r she Chat Date by more than two percent s =from the rate cte.i wrest I have t mn paying fir rho preoiLi)g tvweve mon:�r,. , ee t um irmrrest rate on this loan will never tat �' teas eitttn 9.0 !is mufthe maximum interest ru:: wi.,U never be greater than M Effathe Dote of 0hougea My new interest rate will become effective on each Change Date. l will pay the amount of my new monthly pays' nt beginning on the first monthly payment: datc after the Change Date "til the amount of my monthly payment changes again. (F) Notiaeut'Che"M The Note Hdider will marl or deliver to me a notice before each Change Date. The notice will advise me of: (i) sloe new interer: r -ate on my icon as of the Change Date; (ii) 11 :4 amount of my monthly imment following the Change Date; (iii) a'LJ additional maters wtidt; ilm Note Holder is required to disclose; and (iv) the address of tta associat ica you could contact regarding any questionsabout the adjustment noticir. S. CIHAAGFB; UMS Uniform Covenant 4 of the Security instrument h amended to read as follows: 4. Chrpa; tier. Borrower shall pay all toes, assessments, and other charm, fines, and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold payments of ground rents, if arty, in the manner provided under paragraph 2 hereof or, it not paid in such manner, by Borrower mating payment, when due, directly to 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 Leader receipts evidencing such payments. norrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall not be required to discharge any such Gen so long as Borrower: (a) shall agree in writing to the payment of the obligation sectued by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of such tier in, legal proceedings 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 lien which may attain a priority over this Security Instrument, Lender shall Rive Borrower a notice tdentifyinS circh Nett. Borrower shall satisfy such lien or take ose or more of tlta:cilor-,s se; forth abmw.a within ten days of the giving of the notice. C. NOFICE Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14: Notkt. Except for any notice requited under applicable law to he given in another manner, (a) any notice to Borrower provided for in ch-.1 Security instrument shat begiven by delivering it or by mailing it by first class mail to Borrower at the Property Addressor at such other ad;rrs as Burrower cosy deugtmic by not%ee to Lender as provided htrein. and (b) any notice to Lender shall be given by first class mail to Lendm's address stated herein or to such other addreu as, lender may designate by notice to Borrower as provided herein. Any notice provided fo: `security Instrument shill he deemed to have been given to Borrower or Lender uhth given in the manner designates) herein. i .4 —J--