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__ . _ _ _ ____, — .� 1 � 1 I �I]�JUSTABLE RA�"E �tIDER 90-- 1 a 4 3 01 . p Yrat T:raeur;lndez-R.:te Cap�1 TH1S ADJUSTA�LB RATB RIDfiR is aude this 25 day ot _ _ ��1Y _ ��q 90 �rd i�iacorponud into�nd ehall be damed to unead �nd supplement th� Mor��a�a. qeed of T�wt, or Seeurity Deed (ehe "S�+curity r tnserun�aC')of tho�date�iven by the undersiarbd(the"aorrowe�")ta�ecure BorroweP�Ad,justablo R�te Nate(the"Note")to HOME � E�t�SAWNtis i tOAN 1�8SOCIATIOM OF OMND Ilt1.AND, NEaRAS1U.(thc��[,ender")of the sstne date and coverin�the ProPenY de�cdbed in the Sacuriry Iruttumeet�ed Ic+crtM at: , 112G W. 9th Street. Grand Island� Ne 688Q1 lE'*oP�Y Addras) "� ?tiia �ole to�Wr �ro�Niw ayo�tar cw� i� �y iNeral rnte �M s�r �wtWy ' Mf�b.TW w.k M�e NMa i1�e�.0.�1�r 1■�era�nie e�N cra.Re u��o�e d�e•M alw t�e�a�w�l tre�ui�a�a1e 1�wi p�. � ADDITIONAL COVP.NANTS. In addltion to the wvenants a�nd�graments m�de in the Security instrnment,Bc�rrower and Lender � ituthet cove�nt and yra u fopowr. � A. 1HTERE�7'�A7E AND MONTHLY PAYII�NT CHANGF� � 7'he Note provides for sn iniNal i�taest rate oP 8•�� Ry,Section 4 of the Note provides for chu�es in the interat rate and the . aanthy payments,as follows: 1. !M'EREST RATE AND MONTlILY PAYMFNT CHANGES (A) Ci��e DNM 7l�e intaest nte 1 will pay may change on thc Grst day of Auqust �1 g 91 ,and on that dsy every i t��Ql uR moeths therpfter.Each date on which my interat rate could changa is catlod a"Change Date." � (�) 1tie I�ia � Be�innins with the fust Change Date.my interest rate will bc based on an Index.The'•Iad�"is ths w«kly avers►ge yleld on United Stata t j 'IYeaswY savrides adJusted to a mnstant matwiry of 1 yeu,As made available by the F¢deral Raerve Bosvd.The most recent lndex fi�rc availabk�es M the date 4S days 6efore each Change Date is called the"G�acnt lndex." If the Index is ao lonaer availaDk,the Note Holder wlll choose a new index which is based upon comparable information.The Note � � Holder will�ive me noNce of this choia.• ; <: (Cl C.rc*l�tlo�of CW�p .••' --1 __-_ _ . __ _. ._ _ _ _.-. _ _ _ _ ' . _ 1 I - - -- - Hefoie acL"Chanje D�te.!he Nett Holda vr�!salculau my new intcrCSi rate by adding t��n an.i �.,o h�1 f - - -��' Po1n�s� ��, 9i)to the t�rrent lndex and rounding to the neucst 1/8th of lhi,subject to the IImits stated in Section 4(D)belowe 1�� � 7'his�ounded amount will be my new interest rate untA the next Change Dau. �.->_ The Note Holder will thea determine tho amount of the monthly yayment that would be sufficient to repay in fuli the principtl I am j rxpected to owe on that Clur�e D�te in substandally equal paymenu by the maturity date at my new interest rate.The result of this calculation : wi11 be the new amount of my monthly payment. - (D) IJ�i1�o+�Iateer�t Rak C�p � 7'he interat nte I am required to pay at [he first Change Date will not 6e greater than 10.75 ry� or less than ; ?�� 'li.Therafttr.my lntercst rate a�ill never be increased or decreased on any single Change Date by mote than -��o rrPnt i �t��?,.0�from the rate of interest I have ban pa�ng for the preceding twelve months.The minimum interest rate on this loan will never be � ?.?5 �►snd the cra�dmum interest rate wiQ never be geater than 1 fl_74 qa, ' � �� r�aY�at�orc� ` � My new interest rate will become effective on each Change Date.I will pay the amount of my new monthly payment beginning on the first i monttily paymept date after the CtwngaDate until th=amount of my monthly payment changes again. ! (F� Nodce of Ch�s y 'I'!rc Note Holder will mail or deSisu to me a notia before each Change Date.The noda will advise me of: . � ' � (� the new interest rate on my loan as of the Change Date; � '' � Cu.) the amount of my monthly paytnent following tht Change Date; , ' � (iii) stny additional�f�attero vrhich the Note Hotder ls roquired to disctose;and "'. ' ; (iv) the address of the assopation you could contact reguding any questions about the adjustment notice. .. , a. CHARGES:LILNS ; UnIform Covenant 4 of the Security Instrument ls unended to read as follows: �1• CY�S:Uer.Bonower shall pay al!taxes,assessments,and other charges.�nes,and impositions attributable co the Property which may attain a priority over this Security lnstrument,and leasehold paymenu of ground rents,if any�in the manner provide�under paragraph 2 hereof � or.if not paid in such roanner,by Bonower malung payment,when due,dlrectly to the payee thereof. Borrower shal)promptly fumish Lender all notices of amounu due under this paragaph,and in the evcnt Borrowee shall malce payment directly,Borrower shall promptiy fumish to L�ender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security instrument; however. Borrow:r shall not be required to dtscharge any such lien so long as Borruwer: (a)shall agee in writing to the payment of the obllgation secured by such lien in the manner acceptab2e to Ltnder;(b)shall in good faith cantest such lien by,or defend agalnst enforcement of such tien in,lcgal proceedings whlch 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 seeure from the holder of such lien an agteement in a form satisfactory to Lender subardinating such tien to this Security Instrument. , If Lender determines that al)or any patt of the Property is subject to a lien whirh may attain a priority over this Security Instrument, , I.ender shatl give Borrower a notice identifying such lien. Horrower ahall satisfy such licn or take one or more of the actions set forth above within ton days of the giving of the notice. M LC. NOTICE � Unifotm Covenant 14 of the Sccurity Instrument is amended to read ac follows� � M ld. Notice.Except for any notice required under applicable law to be given in another manner.(a)any notice to gorrower provided Por in this � Security I�strument shall be given by delicering it or by mailing it by lirst class mail to Borrou�er at the Property Address or at tiuch other acldress �� as Borrower may designate by notice to Lender as provided herein, and(bi any notice to Lender�hall be given by first class mail to Lendcr's er � address statec!herein or to s�ch other address as Lender may d�signate by notict to Barrower at providrd here�n.Any notice pro�•ided for in this Security lnstrument shall be deemed to have been given to Borrouer or 1_cnder when gi��en in�he m.�nner designatcd hercin. � �„ . _r..,.—.-�_-...-- -.. _ �__„—_—