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ADJUSTABLE RATE RIDER g9� 101988 (1 Year Treasury Index -Rau Caps) THISADJUSTABLERATF —RnxRismade'Qris 18 dayof _ April 19 89 and Is incorporated into and dolt be deemed to amend and supplement the Mor%W- Dad of Trust, or Security Deed (the "Security Instrument") of the same date gives by the undasigned (the "Borrower") to secure Borrower's Adjustabk Rate Note (the "Note ") to U91LE. MEW 8AViNOS a LOttiil AUOWMM OF GRAND ISLAND, NEBRASKA (the •'►.cadet") of tMe aamc date and covering Haiti property dcaiNd in tbcSecurity Mnmmeat amd located at: 114 Cornet, Aida, Nebraska 68810 (Property Address) a►ate eats }ra.idaas allrwirtg for ci ames in my kkrtrt rule sail or aalhfy M7aest& Tl'Mis oak ttho h WS; tie aatwaat r4 hataeat ate as dicer at a" on dame m d abo the a hi+a"ttawrsttritits t muchamase raw I Mrritlay. ADDITIONAL. COVENANTS. ii:.addWft tj�. 4ha covenants wt d agreements made in the Security Instrument, Borrower and Leads furthercovenant and agree as follows: A. IN' ERM RATE AND MONTiRLY lAlf AMT CHANGES Th►e Nitre provides for an initial interest`n.dt of 9 his. Section 4 --f :he Note V avitles for chances in the interest rate and the mriO1y payments. as failow . 4. 1WTREST RA7*A' N J.v1¢b7i 1 72 Y PAYAii&T CHANGES (A) Chap Daks The interest rate I will pay may cbo*l on the first day of may ,19 90 , and oa tout day evet3t:. twelve Warsths thereafter Each dateouwhich my interest rate could change is called a "Change: Be*.- (S) The ladex .. . . Beginning with th' first Change Date, my intlk'M`Tite will be basted on an Index. The "Index" is the weekig avcrage yield on United States Treasury E&,uritles adjusted to a constant maturity oz 1. year, as made available by the Federal Reserve Bond. TTk most recent index figure available as of the date 4;f days before each change Date is called the - -current index." If the Index Is no Iona available, the Note Wider will choose a new Index which is based upon comparable information. The Note Holda will give me nrttice pf this choice. (C) Caleaistioutircha tses L*gie cacht Chime' mate, the Now Holder will calculate my new interest rate by adding -two and one/half percentage Points( , %s)10 thrCurrent Index and rounding to the ntarest 1 /81h of I %, subject to the limits stated in Section 4(D) below. This roundel amount will he 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 am expected to owe on that Change Date )n substantially equal payments by the maturity date at my now interest rate. T k rcult of this calculation will be the new amount of my monthly payment. (D) Umik es latkrat RaSeCholies 7The intact rate I am required to pay at the first Change Date will not be greater than 11.5 % or less than ' 5 %. Thereafter, my intestst rate will never be increasad:ar decreased on any sin&' 4"hange Date: by more than - two at?rCeflt om the rate of intacm 1; rave been paying for the pmoi:Z'14 iwely: months. 7119:01b4imurn interest rate on this loan will never be less than 7.0 A and the maiximu n intirtm rate will never be greate` a 14.5 qy, (E1 Flfad" Data it Champs 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 monthly payment date after the Change Date until the amount of my monthly payment changes again. (i) NNice of Cbmimpe The Note Holder mi;; mail or deliver to rate a write before each Change Date. ' ilie notice will advise me of: (i) the nra 5nterest rate on my loan as of the Change bate; (ii) the amount of my monthly payment following the Change Date; (iii) any additional ttta.tets ,,r:zich the Note Holder is regalraf to disclose; and (iv) the address of tf'.eaw::RctiVicn you could contact reguding any qu Atlons about the adjustment aMoe. D. I CHARG ; MNS Uniform Covenant 4 of the Security (:�.,Irument is amended to read cs follows: 4. Cheram L4aa. Borrower shall pay ail taxes. assessments. and'o0w - charges. firm. and imposbia ns attributable to the Property which ma -,r attain a priority over this Security Instrument, and leasehold payments of ground rents, if any. in the manna provided under paragraph 2 here:!: Or. if not paid in such manner, by Borrower making payment, when due, directlyto 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 the Obligation secured by such lien in the Manner acceptable to Lender; (b) shall in Yood faith contest such lien t-r. or defeW y#airait enforceracrri of such lien in. k2d proceedings which in the opinion of Lender operateto prevent the enforcement of the lien or forfeiture of the Property or any M thereofl or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security instrument. 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, '" riw Dvmwer a auci a identifying such lien. HmOwet 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. NOiflCE Uniform Covenant 14 of the Security Insttulwnt is amended to read as follows: IC Ne*r- Except for any notice required under appli_ahie tiw to be g vcri in another manner. (a) any noum to Borrower provided for in this Security instrument shall be given bydefivennil it or by mailing it by tint class mail to Borrower at the Property Address or at such wtv address as 86f low" tnay designate by notice to Lender as prop -ded! herein. and (b) any noti,c to lender ehall be g:ven i,Y first class mail tr+ t efL:r'c aQQttss stated hereiner touch other address as tender may designate by notice to Horroxer as provided herein. An•. notr:e prow Ided for nz tt :tr Se_ nr5lylnTtut! renttl�3llhe�« dtuAaLrhetIIg ,vrntn�r.ti.,,f_,.I,a„n.; _..I;M�:� �ath:insrrt;ercinrgnuc€iheretn ,a �f t I