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v 2:1111 ,(r zS.+vR ti "1'iw"" ,Y f 7 �r# R » 1VWh v :l ( 'l f r✓, "^. X.{, f' �" 1 r .j� O 89 2 2- „ April <s 09 TH1S,kDJUSTABLERATE%IDE isamdeems Z� Deed (the "Security trop and shall be deemed to`amend grad snPP�°R the -,M�+ 7rm�t: or StsavtitY to HOME and is irtcor?cxated a the (� "Borroweri to sem- B -o-d ,Is Adjostabie Raze Diobe (the "lvote") frtstnsmenP of the same date give by of the same date and onverut; the c_F.,1ERpL SAVINGS Ik ASSOCIATION OF GitAND ISLAND NEBRASKA (tie "I eoder'7 property tesen'bed in the Security I sstrtr> gad Located aL . 4OW West Capital, Grand Island, Nebraska (propertywddras) TItLs note coewna Pr.. mom snowing for ehaages h rnY Interest rate and s7 �� payments. This note also liadts the aasorrnl my iatecesl rate eaa eianse al any one dee grad a8 o be sainiumn and tie gunzinnuo rare I owl Pay. — ADDITIONAL CDVENANrS. In addition to the covenants and agreements made in the SauritY Instrument- Borrower and Lender further covettartt and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES changes in the interest rate and the The Note provides fc r an initial interest rate of 1 3.0 S°• Section 4 of the Note provides for monthly payments, Its follows: 4, INTEREST RATE AND MO,VFHLY PA"YENT CHANGES (A) Change Dates , l9 _qQ _ . and on that day everY mny The interest rate I will pay may change on the first day of twelve months thereafter. Each date on which my interest rate could change is called a "Change )date: (B) Tlm index yield on United States Beginning with the first Change Date, my interest rate will be bated on an index. The "Index is the weeldy average y Treasury securities adjusted to a constant maturity of I year, as made available by the rederal Reserve Borud. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current index." n comparable information. The Note If t',re index is no longer available, the Note Holder will choose a new index .hich is based upo Holder will give me notice of this choice. ((-) Calculation of Changes three' and one /half percentage Before each Change Date, the Note Holder will calculate my new interest rate by adding _ poin'.s ( - -'o) to the Current index and rounding :a the nearest 1 /8th of 15a, subject to the limits stated in Section 4(D) below. Thi; rounded amount will be my new interest rate until the next Change Date• payment these would be sufficient to repay in full the principal I am The Note Holder will then determine the amount of the monthly pay enpected to owe on that Change Date in substantially equal payments by the maturity date at r:y new interest rate. The result of this calculation ,mill be the new amount of my monthly payment. (D) Limits on Interest Rate Changes rater than S n % or less than The interest rate I am required to pay at the first Change Dare will not be g N tmn percent 11.0 a1o. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than n paying for the preceding twelve months. The, 6.5 um interest rate on this loan will never be from the rate of interest 1 have bee l 9 • ,10 0/o and the maximum interest rate will never be greater than ess than _ - - -qo (E) Effective Date of Changes payment beginning on the first My new interest rate will become effective on each Change Date. 1 wi.: pay the om gorges �mnew monthly paytne MY monthly payment date after the Change Date until the amount of my month!}' pay r �' (r) Notice of Changes The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me o (i) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Bate: (iii) any additional matters which the Note Holder is required to disclose; about the adjustment notice. (iv) the address of the association you could contact regarding any questions B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: rt which may 4. Charges; Liens. Borrower shall pay all taxes, assessments, and other charges, fines, and Y positions at to the Property h 2 hereof attain a priority over this Security instrument, and leasehold payment s cf , 'u`id rents, tha f ante theheot. Borrower hall promptly furnish r Lender or, if not paid in such manner, by Borrower making payment, when due, • Y payee furnish to all notices of amounts due under this paragraph, and in the event Borro, - shall make payment directly, Borrower shall promptly Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security ment ofethe however, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree inr defend against enforcement of, writing to the obligation secured by such lien in the manner acceptable to Lender; to shall a good faith contest such lien by, to such lien in, legal proceedinggu which in the opinion of Lender an atgreementem the o form satisfactory tolLender subordinating `suehplien to thany is part thereof; or (c) shall Security instrument. If Lender determine-, ta notice identifpying suchel en. orrowershall sat sfy such which lien orytake one priority a of the acttionsrset forth above Lender shall give Bo within ten days of the giving of the notice. C. NOTICE Uniform Covenant !4 of the Security Instrument is amended to read as follows: notice to Borrower provided for in this 14. Notice. Except for any notice required under applicable law to be given in ano,her manner, (a) any Security Instrument a�r�hanate by ao delivering by ovided herein and (Ib) any notices to Lender tshalrbe given byrfirstclass mad to Lender's as Borrower y g address stated hereinSor tl be deemed to address as been Lender en toay designate Lender when giver inr as rov, desigtnated hereince provided for in this Security Instru W