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897 101068 ADJUSTABLE RATE RIDER (1 YearTreasury Index -Rate Caps) THISADJUSTABL.E RATE JUDe is made this 1st day of March 19 89 and is incorporated into and shall her dtlaaWd to: attsend and supplement the Mortgye. Deed of Trust, a Security Deed (the "Security Instrtr+mme') of the stone datesivett by the underiitned (the "Borrower") to secure Borrower's Adjwtable Rate Note (the "Note „) to NOME "MM” SAIiM(OS A LOAN A=SOfYJLTMDN OF GRAND ISLAND, NEBRASKA (the "Lender") of the same date and covering the property daaibed in Ilse Security Lttstrumettx std lee at: 3020 West Brentwood -Blvd., Grand Island: Nebraska ' tiYra�aEy Address). Tile ogle ewtasataa taemitiaaa atiitt>1iif - t3atages Is aq iakssst stele easai 4 rMnthlf ' i %:'> ` " " s °'syaaearft ilia aNa aloes imifs tlrr "itga4oixoaley isttetrerst rwte eeaa etleage u aaty estst titae asai ,;..; sAa►Heasiais��amttietapdewuai tie yq. ADDITIONAL COYENANM In addition to the coveaattto and agreements made in the Secauity Instrument, Borrower and Lender furthercovenantandagreeasfolloww A. INTENT E9T IRATE AND MONTHLY PAYhOM CHANGES The Note provides for an initial interest rate of 9 - 5 ft. Section 4 of the Note provides for char4o in the interest rate and the monthly payments. as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) CMW DOW The interest rate I will pay may change on the first day of march ,19 90 , and on that day every tt+a2lua months thereafter. Each date ca which my interest rate could change is called a "Change )Ate." (8) Tik Ia/ex Beginning with the first Change Dante, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constaat maturity of 1 year, an made available by the Federal Reserve Board. The most recent index figure available as of the date 43 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 comparable information. The Note Heider will give we notice of this choice. (C) Calrabdmatchagea Before each Change Date, the Note Holder will calculate my new interest rate by adding teen A me '1ha 1 f percenpercentage t points (, 2.5 4%) to the Current Index and rounding to the nearest 1 /gth of If/*. subject to the limits stated in Section 4(D) below. This rounded amount will be my new interest rate un l the next Change Date. The Note Helder will then determine the amnnrA of the monthly payment that would be sufficient to repay in.full the principal I am expecoe4 Mow on that Change Date in substantially ecaal pa zertts by the maturity date at my new interest rate. The rciatilt of this calculation will bethe:acwanotmt of my mentblypayment. (D) UAW eta [worm RasefAr"" 7 Te interest rs tm 1 am required to pay ear, tNe i s?s:. CSttaage .Daze. wiB not be greater than 11.5 bin or It% than 'a. Thereafter, my interest rate will tie: be i4 ammsed or d= shed on any single Change Date by more thaw ta,tn r'tarrent —12-0) from the rate of interest I have been paying for the rrm --ding twelve months. The minimum interest rate orathis loan will never be less than 7.0 and the maximum interest rate w:1 cqmr. be greater than 14.5 .,k. (E) iEtfativa Datse eft Claagn . ' , . My new ante mt Carr will become effective oaewt Chang. Mt. l will pay the amount of my new mora3rla-psymens bet;lnnh g on the first monthly payment date: afta the Change Date until the Arnow, of'm,-z- monthly payment changssagain. (F) Netloetttei�' "m The Now Holder will mail or deliver to me a nooi! a before ash Change fl;v!e. The notice will advise me of- (I) rite new interest rate on my loan rut n f :he Change Date. Cui thaamount of my monthly payme; f,ilowinS tbe. Change Date; (iii) any additional matters which the Ivct: bolder is m4uired to disclose; and Ovi theaddress of the association you mutid contact regarding any questions about the adjustment notice. 11. CHARGMpLILNS Uniform Covrmamt'4 of the Security Instrument is amended to read as follows: 4- Cit RqP; lJeae. Borrower shall pay all taxes. assessments. and other charges, fines. and Impositions attributable to the Property which may attain a priority over this Security Instrument. and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or. if net paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notieas of amounts due under this paragraph, and in the event Borrower shall make Payment directly, Borrower shall promptly furnish to Lender. toreipts evidemcing such payments. Borrower shag promptly discharge any lien which has priority over ibis Security Instrument; howcser, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in wtitmi to the payment of the obligttian gectued 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 which in the opinion of Lender operate to prevent the enforcement of the lien at forfeiture of the Property or any part thereof; Of (c) shall secure from the holder of such Gen an agreement in a form satisfactory to Ieu,*r Subordinating such lien to this arxutit3! (i>strwnent. t • . • 1.•f`teegda de ra mines that all oa an,, Part of the Property is subject to a'dea which may attain a priar4ty over this Security Instrument, ;;;. , `'.. ''• .. Lender shall.give.l wee a r!otfce i :ifs, r "stxis lien. Baser.... -r ..'-,nil sWI%fY such lieu or ta;ce ore or mare of the actions set forth ab+:vc within ten days of thtgiving of the notice. L Y. t. C. NOT!" 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 of by mailing it by first cbm mail to Borrower at the Property Address or at such other address as Borrower tray designate by notice to tender as provided herein, and (b) any notice (to tender shall be given by first class mail to I.rnder's address stated herein or to such other address as Lender may designate by notice to borrower as provided herein. Any notice provided for in t hn Secutity Irtstmunent shall be deemed to have been given to Rorrower or Lender when given in the manner designated herein. r i e