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ADJUSTABLE RATE RIDER $5_101076 (I Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER Is made this 23rd day of ---February t9 89 and Is Incorporated into and shall be deemed to amend and supplement the _ Monsue. Deed of Trust, or Security Deed (the "Security Instrument ") of the same date given by the undazIpW (the " IlmoweP) to secure Borrower's AdjusW* Rate Note (trite "Note ') to NOME F�EIL aAWllrilii>s i LOAN ATIf30ClATTON OF QRANIi ISL/IND, NEBRASKA (the •`Lends ") of the acme date and covering the property described in the Security instrument and located at: 4136 Liberty Larne , Grand Island, NE (P'ropertyAddress) TW sate coahiM pravlld a a>aowfag for elopes i, ear interest rak sad my awaft Mlts mils. Tide ante sim Yenta the simuat asp• fateren rate en cbsisp at any we tim we ale tic mielaay. aM tde apadaatra rtNeq i im�p¢,p. • ADDITIONAL COVENANTS. In addition to the made in the Scwiv Inttrtu=, Borrower and Lettdea :.•.'..' further covenaat and agree as follows: A. INTERM BATE AND MONTHLY PAVNEW CHANGf;S The Neste preiviatis tear, an initial interest rate of 12.0., Rte, SeWoh 4 of the pieate pnTa*es for changes in the interest rate and the monthly paymetitk' its follows: 4. INTEREST RATE AND MONTXL kPAT&;7IT CrfANGBS (A) Caaageriettesa • The interest rate 1 will pay may change on the first day Sf ; m f_Aa rch 1 ,19 90 , and on that day every t-8 I ve months thereafter. Eachdate on whidimy interest rate could change is called a "Change Dade!'-. 7 (B) The iatcea Beginning wdlt the first Change Date, my interest rate will be based on an Index. The "lades" is the gramp arc :erW'f'dd an United States Treaw,x•seaari adjusters to a constant maturity of I year, as made available by the Federal Reser�v Boma. n'e m"": rest index figure ava.rr'K-_.sz z4F 3 ciTAW0,4 beore each Change Date is called the "Current Index." If the Ittdez"is as lezec: available, the Note Holder will choose a new index wh,* is based ul3otr eamparabk information. The Note : r fC Holder will give>s'ruace of this choice. _ (C) Calealiation of cbmp Before each Change Date, the Note Holder will calculate my, new interest rate by adding three $ one/half percentage points t 3. 5 RWi) to the Current Indies and rounding to the nearest 1 /8th of I %. subject to the limits stated in Section 4(D) below. _ This rounded amoustt will be my new interest rate until the next Change Dat- The Note Ealder will then determine the amount of the monthly pvsment that would be sufficient to repay in full the principal I ate 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) IJalb on Interest Rate ChwWo The interest rate 1 am required to posy at the first Change Date will roc tar: grater tbra 14.0 eyy or less than 10.0 %. Thereafter, my Interest twty -w-M never tx(ncreased ordoaa�se4 ca ano single Change Bate by mere than two percent e 7 n) from the rate of interest I have bt'en paying fac the preceding twelve insist"",,. The minimum interest rate on this loan will never be . Ies3 tan 9.0 9% amSthe nuWmum interest rate will never be grater than, PLO . 0 Nti. (1) EffeetiveDateMe((Taitgea My new interest rate will become effective on each Change Date. l will pay the anarxu�x: of my new monthly payment beginning � rite first the aWy payment date after the Change Date until the amount of my monthly payment cfswuga again. (V) Nadee of ClNla M ' ;r : The Note Holds 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) Lbe amount of my monthly payment following the Change Dlete; (iii) any additional matters which the Note Holder isrcq;dred to disclose; and ((v) the address ofh9reassoeiation you could contort rarardingany questions almut. the adjustment notice. IL CHARGES; LUNS Uniform Covenant 4 of the Security instrument is amended to read as folla-)car: 4. CJarza; Ilan. Borrower AaR pay all taxes, assessments,, and other charges, fines, and impositions attributable to the Property w!d.h may- attain a priority over this Samriuylotrume aL and leWhold p' assns of ground rents, if any, in the manner provided ugilnrGar"li 2 hereof or. if not paid in such manner; ley .Swower making payment, when due, directly to the payee thereof. Borrower shall praa;dy furrftts Lender . all notices of amounts due under this psrg , ;b. and in the event Borrower shall snake payment directly. Borrower shall promptly furnish to Lender receipts evidencing such paymrjL'2i• 8crrower shall promptly discharge any lien which has priority over thz, Security Instrument; however. Borrower shall not be etsgisich4i.t,a ,zuharge any sixh teen so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such lien in the maraer,a;,teptable to Lender, (b) shall in good faith contest such lien by, or defend against enforcement of such Hen in, MW proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any 3 Put thereof; or (c) shW secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this security Tmttttmentt. i 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, t Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days of the giving of the notice. LC. NOTICE Uniform Covenant 14 of the Security Insimment is amended to read as follows: 14. Notice. Except for any notice required under applicable taw to be given in another manner, (a) any native to Borrower provided for in this Security Instrument shill be given by delivering it or by mailing it by first class mail to Borrower at the Property Addressor at such other address a i Borrower may designate by notice to Lender as provided herein, and (b) any notice to Ltnder shall be given by first class mail to t ender', address stated herein or to such other address as Leader may designate by notice to Burrower as provided herein Any notice provided tar in this Stcutity Instrument shell hedcemed to have been given to Borrower or I.ender %hen given in the manner designated herein.