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r- - f v ADJUSTABLE RATE RIDER (I Year TrersuryIndex-Rate Caps) 89- .102242 THIS ADJusTABLERATER IDERisnudethis 21st day of — - April 89 w 19 acrd is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust" or Security Deed (the "Security Instrument") of the same date given by the undersigned (the • "Borrowerr" to secure Borrower's Adjustable Rate Note (the "Note'") to HOME FEDERAL SAIANOS i LORN ASSOC.tAT10N OF GRAND ISLAND NENAS1(A (the "Lender ") of the sanre date and covering the Property described to the Security Instrument and located at: ?14 1_akeside ©r,0rand Island, NE 68801 (Property Address) Tiia meat coahiaa grsrikru. aMowfaE far Amps in tray frakrst a* w aQ tawatiily WOMAN. Thlm mane dens Yaattt tit mmtmmmt ma? iaterW rate me thamge at may am tiro mat afro the m midmm coma tft mtmdmtamt rate I mist py. ADDITIONAL COVENANM In addition to the covenants and agreements made in the Security Imtrment, Borrower and Lender fat IW coves tan t and agree as follaws- A. IMMEST RATE AND MOh,'�'g W PI&IMM CHANGES The ]ovate PWY=cxs fcr an- initial ist rate of - 10.0 'Ice. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as E &ows: 4. 11WRESTRA4 AND MONTHLYPAJ aCENTCHANGES (A.) Chap Data The interest rate i will pay may change on the frrstday of October .19 9Q coral on that day every months thereafter. Each date on which my in=est rate could change is called a "Change Date." (it) The In" Beginning with the first Change Date, my interest rate will be based on a-n I - The "Index" is the wftWy average yield on United States Treasury securities adjusted to a constant maturity of I year, as. mile available �_*; :lf.e }vede'cal Reserve Board. The most taint Index figure tn;a 2ble ai of the date 43 days before each Change Date is called tie. ° Cox.. am; !� T the Index is no longer available, the Note Holder will cfiacee- t W%. 6iiec. which is based upon cook -a-Ibu t° ration, TIuC 1!fit; Holder will give rue aoCsceof this choice: (C) CalNmdom of Changes Before each Change Date, the Noto holder wiU calculate rM nprr interest rate by adding _ two $ one -half percentage points ( .7-5 ni) to the Current Index and rounding co 'Me nearest 1 /8th of I ni, subject to the Wits stated in Section 4(D) below. 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 in full the principal I am exnecrtd 10 oeve on that ChaW, Date its substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my irwmti;;• p$yment. (D) Lfafb w imeetsest RaleCiplatgea The interest rase' f -ten required to pay at -r-N- first Change Date ;; not be grater than _ ' 2 . © yh or less - tear:• 8 -n Co. TIFt after, my interest rate waraver be increased or decirweed on any single Change!.L by more than two _ from the rate of interest I have been paying for the Y:ta edinS twelve months. Them3mimu:a interest rate on this loan will never be less than A , n % and the maximum interest rate ase7 mccve~ be greater than (b 'Effective Date of CWgxa My new interest rate will become effective on Baca Change Date. I will pay the amount of my new atottthfy payment beginning on the first trv<;-.Pt7a,.pttyment date after the Change Date until the amount of my monthly payment changes ag,s e 11I7+ NotkrolCYmget► file Note Holder will mail or deliver tome a notice before each Change Date.. Tae notice will advise me of: (i) the nrw interest rate on my loan as of the Change Date; (ii) the a=unt of my monthly paym_nY following the Change Date; (iii) any additional matters which the -Note Holder is required to disclose; and (iv) the address of the asswawon you could contay. rqu i AS any questions about the adjustment notice. S. CHARGES; LIENS Uniform Covenant 4 of the Security instrument is amended to read as follows: 4. Charles; Ikms. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, it not paid in such manner. by Borrower malting payment, when due, dirm -dyto the payee thereof. Borowtr shall promptly ftunish Lender all notices of amounts due under this paragraph. and in the event Borrower shall make payment directly, Borrower shall promptly famish to Lender rcmipis evidencing such payments. Borrow shall promptly discharge any lien which has priority over this Security ent; urity Instrument; however, Borrower shall not be required to discharge any such lien so tong as Borrower: (a) shall agree in writing to the payment m the Obligation secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of such lien in, legal proceeding:, which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property nr any VWt thcrxf; or (t) aliall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such fien to this Security Instrument. If Lender determines that all or any part of the Property is subject to a lien whirh may attgn t pa=rity over this Smurity Iustturrtcnt. lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or talc one or more of the actions s;t forth �bave within tendays of the gising of the notice. C. NOTiCE UmforrrrC'overant 14 oft he Security Instrument is amended to read us fo7lcr�s: I4. Notire. Faepi for any nolme required under applicable taw to be given in another manner, tat any notice to Borrower provided for to this Saurity instrur..:r,* stall txaicer by delivenng,t or by rn4hs:g it by rust c lass mail to Borrower at the Prt ,•re »y Address or at su,h other edtide.c W & mat CtsiVIAt; N -t;cr to I girder 114 rWATdrd rterein, and (hi any nr'ttce ttv 1 ender shO tie given by first class mai! to f err:ier'� ad,lreas stated herein. ur tt. su_h iytt:er address as Lender may alcsrgnate by tit -rice to Marro -wer as prm.tded herein Any notice provided fur If, 711,1 =W o UFO; If"! rum . rr- t beergi. entr• erler tt*emarnerde,1grIaleclsvresr . 4 11 _ _.