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ADJUSTABLE RATE RIDER
<br />(I Year Treasury Index-Rate Cape)
<br />TFitid;.A -LISTABLE RATE RIDER is made this 6th day of March Ig;�89
<br />and 4 incorpeWed into and shall be deemed to amend and supplement the Mortgage, Deed of Trutt, or Security Deed. (the "Security
<br />InsMir ml."Yon 6e same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to, HOME
<br />FffW- it .SaP.1W§ i_iLO 0 ASSOCIATION OP GRAND ISLAND NEBRASKA (the "Lender ") of the ssmo date and covering the
<br />prgW.y Awciiltti4 in the Security Instrument and located at.
<br />1217 East Sth Street, Grand Island, Nebraska
<br />(Property Address)
<br />TNa note east WN previsle a li oft for ciatgea Ia my interest rata Gad tq. tint ftl
<br />paytt ets. This mote tslao Mmits no =mot my latest rate tan ciaage 1119M amt tats attd
<br />also tietdataaas W tae ■axLtsamt ate I aotpay.
<br />NtDMIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument; Borrower and Lmder,
<br />f1wha ; cevenaat and auce as follows:
<br />A.•.. 04009E IRATE AND MONTIMT PAYMENT CHANGES
<br />The 1 c fur an initial interest rate of 12.0 6711. Section 4 of the Xwz Midas f- cbanges in &C ittzrest date -mac :he.
<br />maarl�r;��, as follows:
<br />4-- L i Sr"-.t w AND MONTHLY PAYMENT CHANGES
<br />(A) Ciaage Data
<br />Me, iate I will Apr 11 '
<br />twe�ve ley may change on the first day of •. ., " .19 90 ' . and on that day every
<br />months thereafter. Each date on which my is : u � rate" - cc 41 change is called a "Qtange Date." '
<br />(5) Tae 12dez
<br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States
<br />Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure
<br />available as of the date 43 days before each Change Date is called the "Current Index."
<br />If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />Holder will givi rase notice of this choice.
<br />(C) Cakabtlom of C mMen
<br />Before each Change Date, the(Note Holder will calculate my new interest rate by adding three & One/half percentage
<br />points ( 3*5 7a) to the Current Index and rounding to the nearest I /Sth of I%, subject to the limits stated in Section 4(D) below.
<br />This rounded amount will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am
<br />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
<br />will be the new amount of my monthly payment.
<br />(D) Usift on Itstersst (Rate Chaagn
<br />The interest raft I am req +Wired to pay. at the first Cam: oza -- ..a m not be greater than 14.0 alts or toss d=
<br />Il - 0 %. Thereafter, try interest raft-will never be incr sad or de rased on any sires: Change Date by mare & an tWC �S TCJ?^ t
<br />.�2.• n) from the rate of interest I have been paying for the preceding tw' 4 i.e months. T4x minimum interest rate on this loan w0rr:�n„r tae
<br />less than 9.13 a/i and the maximum inrrrest rate will never be grmrxrn. an 16.0 0 -
<br />(E) Effective Bane of Ciamges
<br />My new interest we will bee=, a ef,c:dwo u—m each Cha.. -We bate. l will pay the amours of my new m=&y payment beginning on the first
<br />monlKy payment date after the Chaz�= Da-"- tL:tz� the amount of any monthly payment char4es again.
<br />iE? Notice otCaattga
<br />The Note Holder wig mail or deliver to me a notice before each Change Date. The notice will advise me of-
<br />(I) the new Interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
<br />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjustment notice.
<br />S. CHARGES; LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. Caargn; Iku. Borrower shall pay all taxes, assessments. and other charges, fines, and impositions attributable to the Property which may
<br />attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph Z hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly fumish Leader
<br />all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to
<br />Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security instrument;
<br />however. Borrower shall not be required to discharge any such lien so long as Borrower: (a) shag agree in writing to the payment of the
<br />obligation secured by such lien in the manner acceptable to Lender; (b) shag in good faith coo such liens try, or defend against enforcemrcuc ,zf
<br />such lien in, legal. proceedings which in the opinion of Lender operate to prevent the enforce m-m: sf the Nn car forfeiture of the PtopeKy= L^'T =y 1 �!
<br />para thereof; or (c) shall secure from the holder of such lien an agreement in a t'orm satrsraar, :.y W L*= er subordinating such ties to ;ts i
<br />sec lly Instrument.
<br />If Lender detentacnes than a:.? or r,tty Tam: ,w Lite Property is subject to a i-:n w ±.s ±i tray attain a pri_risy over this Security Insur�re
<br />Condo shall a" 1 _�o,;vec •s rr�z-e I# 1-h � � lien. bar. ower shall mri-fy s=h :rte* v- take oae at more of the actions set fo,4:`.,.ab,ve
<br />withhz = days of the jiving of Otani ce.
<br />C. S HCE
<br />Unifvrtt .� ovrr a�} ,� _h• Sex ;: w � ? ' �" ss d-, xzended to read as follow: -
<br />14. Notice. Exce r5 `.'pt any not;c: re;i2rdr; tn:er applicable law to be given in another wz-,Lne -. (a) any provided for in this
<br />Security Instminent shall be givcwvt y:dejivering it or by mailing it by first class mail to Borr c vjt :&. the Prop", A6f`•N.z or at such other address
<br />as Borrower may designate by ncad:,r to Lender as provided herein. and (b) any notice to Letider shag be given by first class mail to Lender's Y
<br />address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in thk
<br />Security Instrument shall be deemed to have been given to Borrower or lender when given in the manner designated herein.
<br />c,
<br />(D) Usift on Itstersst (Rate Chaagn
<br />The interest raft I am req +Wired to pay. at the first Cam: oza -- ..a m not be greater than 14.0 alts or toss d=
<br />Il - 0 %. Thereafter, try interest raft-will never be incr sad or de rased on any sires: Change Date by mare & an tWC �S TCJ?^ t
<br />.�2.• n) from the rate of interest I have been paying for the preceding tw' 4 i.e months. T4x minimum interest rate on this loan w0rr:�n„r tae
<br />less than 9.13 a/i and the maximum inrrrest rate will never be grmrxrn. an 16.0 0 -
<br />(E) Effective Bane of Ciamges
<br />My new interest we will bee=, a ef,c:dwo u—m each Cha.. -We bate. l will pay the amours of my new m=&y payment beginning on the first
<br />monlKy payment date after the Chaz�= Da-"- tL:tz� the amount of any monthly payment char4es again.
<br />iE? Notice otCaattga
<br />The Note Holder wig mail or deliver to me a notice before each Change Date. The notice will advise me of-
<br />(I) the new Interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
<br />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjustment notice.
<br />S. CHARGES; LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. Caargn; Iku. Borrower shall pay all taxes, assessments. and other charges, fines, and impositions attributable to the Property which may
<br />attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph Z hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly fumish Leader
<br />all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to
<br />Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security instrument;
<br />however. Borrower shall not be required to discharge any such lien so long as Borrower: (a) shag agree in writing to the payment of the
<br />obligation secured by such lien in the manner acceptable to Lender; (b) shag in good faith coo such liens try, or defend against enforcemrcuc ,zf
<br />such lien in, legal. proceedings which in the opinion of Lender operate to prevent the enforce m-m: sf the Nn car forfeiture of the PtopeKy= L^'T =y 1 �!
<br />para thereof; or (c) shall secure from the holder of such lien an agreement in a t'orm satrsraar, :.y W L*= er subordinating such ties to ;ts i
<br />sec lly Instrument.
<br />If Lender detentacnes than a:.? or r,tty Tam: ,w Lite Property is subject to a i-:n w ±.s ±i tray attain a pri_risy over this Security Insur�re
<br />Condo shall a" 1 _�o,;vec •s rr�z-e I# 1-h � � lien. bar. ower shall mri-fy s=h :rte* v- take oae at more of the actions set fo,4:`.,.ab,ve
<br />withhz = days of the jiving of Otani ce.
<br />C. S HCE
<br />Unifvrtt .� ovrr a�} ,� _h• Sex ;: w � ? ' �" ss d-, xzended to read as follow: -
<br />14. Notice. Exce r5 `.'pt any not;c: re;i2rdr; tn:er applicable law to be given in another wz-,Lne -. (a) any provided for in this
<br />Security Instminent shall be givcwvt y:dejivering it or by mailing it by first class mail to Borr c vjt :&. the Prop", A6f`•N.z or at such other address
<br />as Borrower may designate by ncad:,r to Lender as provided herein. and (b) any notice to Letider shag be given by first class mail to Lender's Y
<br />address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in thk
<br />Security Instrument shall be deemed to have been given to Borrower or lender when given in the manner designated herein.
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