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• c ADJUSTABLE RATE RIDER 0-7- O2 1 (I Year Tmesmy Iadea -Pane GPs) a°d is THIS ADJUSTABLE RATE RIDER is made this 2(3 MCMPorated into and shall -- -----dalor April Instrument") of the same date given by t to "mead and the Mortgage. Deed of T 19 B.9 FEDERAL SAV1NrS b LOAk u�Emed (the ••Bo�'7 to �' or ma y Dad (c4• y > #oPatY described in tIx S �OCIATION OF GRAND LSLAkD NEB •s Adj�� B� � (the' :'Vo�a'7 c� iIOME ecurity InTtrUMtnt and located at: (the '•I.atda'� of the same date mad the 1423 North Grand Island Avenge, Grand Island, Nebraska This note comtafas Provisions (PrOP"Addrms) Pa, meats. This Dote alto limits for chsasa Is my interest rate and my r 111mDm and tlse am"at my Iaterest rate an e6aage at may oae alto to asazlmum rate I ®Qst pay. ADDITIONAL COVEN.VJTS. In addition "'the "Is and agreements made in the further covenant and agree as fojows: Security Instrument. Borrower and Lemda A' INTEREST RATE AND M The Aiote O,ti_THLY PAYI. EN'T CHANGES Provides for an initial interest rate of 1 J. 0 monthly Payments. a> follows: — —% won 4 of the Note Provides fix Charta`- in the interest rage an�Or 4• INTEREST RA 77; ANA �, AIONTHL Y PA YMEA'r CHANGES (A) Change Data. The interest rate' will pay may change on the first day of AUgUSt 12 months thereafter. Each date on which my interest . 19 90 (B) The ladex rate could change is callzd a •• . and on that day every Change Date.., Beginning with the first r_,h�$e Date, m inter Treasury securities adjusted W a constant Y G t rate will be bated on an Index. The .'Index" available as of the- nstach maturity of I year, as made available b t «•• u weekly average yield United States date 45 day -, before each Change Date is called the • Y he Federal RAE Board. If the Index is no longt•r available, the Note "Current Index.^ T most recent Index !figure Holder will give me notice of this choice. Holder will choose a new i, :dex which is based upon comparable information. The Note (C) CalcDlatloD of Ch:inga Before each Change Dare, the Note Holder will calculate my new interest rate by adding t!UO and One points`_) to the Current Ind half This rounded amount will be ern ez and rou'�g to the nearest 1 /8th of I%, sub' Percentage The Note Holder will then determine rate until the next C Jett :o the limits stated in Section D ermine the 8e Date. 4( )below. expected to owe on that Chart; a amount of the monthly Payment that would will be the new amount of m ; Date in substantially equal Payments b be sufficient to Y .ttonthly Payment. y the maturity date at my new interest rate. The r�wt of this calculation full the firricipal 1 am (D) Limits on Interest.Rate Changes The interest rate I am required to pay at the first Change Date will not (2'- --•a -II °•n. Thereafter, my interest rate will never be increased or decreased on an _0J • � Greater than _ •t � n ___ from the rate of interest l have been y single Change ��_—_7a or less than kss than R nn pa}ting for the preceding twelve months I he gate by more than percent era and the maximum interest rate aill never be greater S _ minimum interest rate on &- fective Date of C)aaM than - 0 this Ian will never be My new interest rate will become cffccti•.v Ou each monthly PaY•._-nt date after the Change Date until the amOCurt o Date. 1 will pay the amount of my new mOMMY Payment (F) Notice of Changes Y monthly Payment changes again �$1°°ing on the first The Note Holder will mail or deliver to me a notice before each Charge Date. The notice will ad (i) the new inter st rate on my loan as of th : Charge Dater (ii) the amount of m R s'� me of: y airs thly payment fol!owing the Change Date: any additional matters whtc :, :!:_ Ny. welder is required to disclose; and L (iv) the address of the association you could contact regarding any questions about the adjustment notice. B• C!-IARGES; LIENS Urdforrt Covenant 4 of the Security Instrument is amended to read as follows: 4• Chsrges; Item• Borrower shall a attain +i priority over this pay all taxes' assessments, and other charges, fines, and impositions attributable to the Pro or, if nc. paid in such manner, Security Borrower mania Payments of ground rents, if an ragry which may all notices of amounts due r, b this paragraph, and )- the event Borrowers y to re manner provided under 8 Payment, w ;en dun, directly to the payee thereof. Paragraph 2 hereof Lender receipts runts ing such Borrower shall promptly furnish Lender however, Payments. Borrow•cr shall hall make payment directly, Borrower shall nom Borrower shall not be required to discharge h promptly discharge e promptly furnish Instrument; obligation secured by such lien in the manner acceptable to Y su cl' b g Bon lien which has priority over this Security nish t Y such firn so long as Borrower: (a) shall agree in writing to the such lien in, legal proceedings which in the opinion to Lender operate to�evn good faith contest such lien b Payment of the Part the eof; or (e) shall secure from the holder of such Hen an a rr• :ment in a form satisfacto to y' or defend against enforcement of prevent the enforcement of the lien or forfeiture of the Property or any Security Instrument, g If Lender determines that aH or an ry Lender subordinating such lien to this Lender shall give Borrower a notice identi( ant of the Property is subject to .: lien which may attain a priority over this Security Instrument, within to days of the giving of the notice• Y g such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above C. NOTICE Uniform Covenant 14 of the Security Instrument is amended' to read 14. No p Y as follows: tke. Except for an noti,:r required under applicable law to be given in another manner, Security Instrument shall be glum by delivering it or b as Borrower may, designate mailing it by first class mail to (a) any notice to Borrower provided for in this address slated herein or otsuch other add Lessdaers lu provided herein. and b Borrower at the Property Oany notice to � Y Address or at such other address Security Instrument shall ender may designate by notice to Lender shall be given by first class mail to Lender's be deemed to have been given to Borrower or Lender wilt r, Borrower inrthe manner herein. Any notitt provided for in tht; matter designated herein.