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ADM- STABLE RATE RIDER 101090 0 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 27th dap of February ,19 89 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Dad of Trust, or Security Doed (the "Security '"Note") Insiruttfent ") of the same date given by the undera4pwd (the "Borrower ") to seaue.8ofrower's Adjustable Rau Note (the to HOME - _ FMD_E*a SAVINGS • LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (tire "Lender ") of the same due and covering the propetty described in the Security Instrument gad located at: Not Available, Grand Island, Nebraska 58803 (Property Address) Thin a>•te coala w PMWWaas ~ME for cbmit a IN coy Interest rule ad my a oo ft aya nts, Thin now alas Hesits the aauoaat .y interest rate me champ at any one tim MA d" the Mmimm Od the awes nasal grant ay. ADDITIONAL COVENANTS. In addition to the cne cants aat agre-ements made in the Security Instrument* Simmers• and Leader lirites, covenant and agree as follows: A9 MATE Akr4: 1E4tiZ<#1$tiY P4#Yi .h)` C iGES Tixa Note provides for an i 1 ,e^dst ia;2 a° i - 'des- '4 of the Note provides for changes in t3te interest oak a ate: , >xraRltiiiY payments, as follows.: .A IMyg7'RAdE: 4113• fY10V3Ti'LY 3'1N11V7'i M '.� hi fiitaest ;ate yw311.payruay change on the first day of April ,19 . and on that day every m,-:' ht .hereafter. Each date on which my interest rate could change is called a "Change Date." (9) T(te Ltadtx Beginning with the fast Change Date, my interest rate will be based on an Index. The "Index" is the weekly averages yield on United States Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index ftgtue available as of the date 45 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 Holder will give the notice of this choice. (0 Cdcobdom of Ck ftft t - Before each Change Date. the Note Holder will calculate my new interest rate by adding thra. a & nne -ha 1 f percentage " points ( ; - _9; %) to the Current Index and rounding to the nearest 1 /8th of I%. subject to the limits 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 repay In full the principal I arm 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. : 4.1)) )<laeib oa Ltetrat likale Citaatga : 'nme i~ *Mast rate I am required to pay at the first Change Daze will nos be grater thin 16 -% .cc !)mss than 3 XFAJY@ Wa%ilgi{MMjWi7"*" M3CXXXX X �� XXXYX >! cBrKlfiXrYtXia74tYeYeYtXltalfahirYeli M&M The minimum interest rate•bn this loan ca never be II t4tian 9, 0 ri did :he maximum interest ra%,V w'j never be greater than (E) Weedve Date of Edna" My new ili.exest rate will become effevic m.- on each Change Date. I K pay the amrnrnt of my new monthly payment beginnuften the rust monthly Payareniidate after the Change Da:rr-until the amount of my momhly payment changes again. O7 NodcrofChaaga The Note &Holder will mail or deliver tome a notice before each Change Date. The notice will advise me of: W the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Chang: Date; (iii) any additional matters which the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chirps; MO. 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 not paid in such manner, by Borrower making 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 Lender receipts evidencing such payments. 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 ilia obligation secured by such lien iv cite manner acceptable to Lender. (b) shall in good fa ch contest such lien by, or defend against enforcement of - �— such lien in, fetal proceedings %,Lj_r. in the opinion of Lend;.-7 operate to *_ the er?r+*cement of the lien or forfeimm of the P'moaxy or any M thereof; ort (cy shall Secure' from tL& I:, eider of such lien an agre -nmv i1• a `a-m satisfactory to Lender subcrdirtating s;s i ij t�� t'ti. Security Inst;ai mfi: If of the Pr, :F&ty is subject. to a lien wmrac nay attain a priority over 611.9 Seem. r=r, Mrar, '� s +� i�' 'fi=r v1735LT'4y` r rat ?(iflAg Such IiLSS We'. Ower Simi sa_]sfy such o 6,or take oar or more of the 3CS4f S 5!it 1n211 tzftavc - si;fiii st dvg,!! ;t1}, 8W:wf?.`.dr- at:r, t,1nt 14 of ;5ecmiwty lt�5 :: i � am :�fs6 a. =:ad as fcflows: lit for any: Godter required underappliabtt law to be in another manner. (a) any notice to Harrower provided her in u»s :5oitrity itu."lrr fit shag be given by deliverinjt it or by mailing it by a`asrl sss mail to Borrower at the Property Address or at such other address [� as Borrower !iio � designate by notice to Lender as provided herein, and - ;DDY any notice to Lender shall be given by first class mail 0 Lervier's address stated herein or to such other address as Lender may designate by notice to Burrower as provided herein. Any notice provided far in this Security Instrument shall be deemed to have been given to Borrower or Under when given in the manner designated herein. �r J