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AWSTAsLE RATE RmER 89•x- 1019031, • q Rear Treastry lndat.Rate Caps, - THIS ADJUSTABLE RAZE RIDER is made this 5th dsy of April 19 80 OW is iaoorponUW into aced sl all be deemed to ammd and suppkmeut the Mofyage. Deed of Trutt, or Serarity Deed (cite "Security taatrtemeaet „) of the same date t vm by the undas(Rosd (cite "Harrorwx ") to exure Borrower Ad justabie Race Note (the •'Nee••) W HOME EEC am "N a LOAN ASSOCIATION OF DRAMs! MLAND ME!> WKA (the "Leada'l of the same dace and covering cite propenydescribeid LttheSbassityInKrumatt andlottttad act 1804 West Charles, Grand Island, Nebraska (PropenyAddteu) TW WN eataaatlaa Irayhiaar aiawlag tae Chosen In my latand raft ad nay a a@ tj MyrMt. TW leer aiae yeaiU the memo my Wonsan" ena th"W at miy one Uaw tad atw tie arWesm aaai tae aeaedrartm rate I no ply. ADDITIONAL COVENANTS. In sadditka to the covenants and agreements trade in the Seatrty Instrument. Harrower and Leader further covenant and agree n follows: A. INIIMESg' RATE AND MONTIH.Y PAYMENT CHANMS The Note provides for an initial interest rut: of 12.5 alts. Section 4 of the Note provide::, ft chanym in the rotes rate and the monthly payments. as follows: 4. 1N UEST RAW AND MOMNLyPAYMENrCHAWA = . (A) Ci wmiea The interest raft 1 will pay Guy change on the rust day of May , IB 9� and oathaLdiyevseyr twelve months thereafter. Each date onwhicte mx ia°.aim My eoyld change Is called i” (11) The loft :• ,: ,. tBeginaing with the firer Charnte Date, my interest race wi�f fbe E q;ed rah m Index. The "Indall is ftwsdrlyaverye yidd on UM%W Std Treasury secauftfes adjusted to a constant maturity of I yes -, a vfJ ble by the Federal Rese eras Hoard. The two rnoeet bAin fc= availableasofthe dateO days before cub t hangeDaeisQUeA he•'L+.m=lndea.- if the Iatkx Is no loagerr avallabh. the Note Holder; vain, bhoose a av index which is based 1i Holder will give me notice of this choice. upon infoaatilan.9q! (C) Cakni wn of ciuwu Before etch: Change Date. the Note HoW will calculate my new 1w&==u by adding Three. ?z one/half �i to the Current traders and ro l points( ; - 'rounding to the nour,.t I /nth of 1 %. sub W to cite limits stated fn Section 4(M blow., 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 is tail the prim" L eta expected to owe an that Change Date in substantially equal payments by the maturity date at my new Interest rate. The result of acre ea;cumba will be the new amount of my monthly payment. (D) FAmW.rra lstknw Rsw Changes The interest rate I am required to pay at tlu first Change Date; will not be: grater than 14.5 4ia cc law thin 0.5 alts: Thereafter, say Interest rate vWU never be increased or decreased on a nyalnjle Change Date by am thast two f" ercent �2.0 h4w the rate of interest I have been paying for the preceding twelve months, TMn um intterast rata oa tiny ltsmt tvlJl�naver be less than sib and the maximum interest rate will never be Uutty than erg, (F) Effective ate of cha.gu My new interest rate frill become effective an esch Change Date. I R31i pay the amount of my new Monday pay:ttent bagittaiag on the ffrat moca ly payment date after the Change Date until the amatuu of my moeililypayment changes again. (F) Netirar of Changes The Note Holder will mail or deliver to etsq. nG4ce bcl'ut+e each Charge Date. The notice will advise ens cf (I) the new intem -t rate on my loran as of the Chas je Dates (ii) the amount of my montWypityment following the Change Date; (W) any additional matters whltlfllse Note Holder is Mquired W disclose; and (iv) the address of the atsoclWan you could contact regarding sus$. questions about the sdliutmmt tenure. R.• CHARGES; LIENS Wif6rnt Covenant 4 of the Sec aflty Instrument fs aflm2d d to road a$ fallow .% 4: ChMp; Liam. Borrower shall ay aD'tuxs, itsaessntents, and other rlssuges, fina, and fmpa(tfm ttltributaDe to the Property which may j attain a prioritp over this Security Instrument,: 04 kaaebold paytae U of ground rents. if any. In the Samna provided trader paragraph 2 hereof or. if not paid In such man". by Borrower malting paymmt, when due, dimtly to the payee thtteof. Dorrotwr shay patttmptly tfltralah Lender all tenures of amounts due under this paragraph, and in the event Horrowa shall make payment dIrentfy, 8onoswcobey prong* furnish to I'.ersda receipts evidencing such payments. Borrower shall promptly discharge any lea which has pearity ow chit Satwky lna mme t; however. Borrower shall trot be required to disebatge any such lien so long as Borrower: (a) &MU agrtle to writing to the payment of the obligation secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien curb lien in, hgal proceedings which In the opinion of tender by. or dehnd against estforoement of ogerste to grey*.± the afore.: mesa of th—C h'.:. or f�NU ns Of this Ps upwty or any part thereof; of (c) shall secure Rota the holder of such Gen an agreement in a form satisfactory to Lender tubordigatiag such lien to,this Security Imtrttmrat. If Lied& determftxs that all or any part of the Property is subject to a Gen which may attain a priority over this Sacurity instrument. Leader shalt give Borrower a notice ikodfAV such lien. Borrowea shall satisfy such lien or take one or mm of the Gr±eas •,a f=th eLsvc whi+in of the giving orthe notice. LC. MGM" Uaitofs Coverum 14 of the Security Iasrrtsmmt is amended to fad as follows: If. !`Ielfev. Except for any notice required under applkabk law to be given In another manner. (a) any notice to Borrower provided for in this Security Inrwmmt shall be given by ddivuing it or by malting it by rust cuss mail to Bonosrer at the Property Address or at such other address as tlorrosrer may de:e4"te by notice to Lender as provided herein. and ft any notice to Lender shall be given by Hut class mail to Lender's address stated herein or to such other address aS Lender may designate by nott%e to BotrO%w as provided heron. Any notice provided for in this Security Instrumml shall he deemed tothave beers given to liorroeer or Lender widen given in the runner designated herein.