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r ADJUSTABLE RATE RIDE1$9 -- 102389 (I YearTrrasury index- RateCaps) THIS ADJUSTABLE RATE RIDER is made this pd, day of - _ maY _ .19 89 and Is incorporated into and shall be deemed to annend and sups0tamt the Mortgage; Deed of Taunt, or Security Deed (the "Security Instnimeat'l of the same cUteSiven by the undersipsod (the "Borrower'+) to secure Borrower's Adjustable Rate Note (the "Note ") to HOME IDSRAL SAMM- 11 A LOAN ASSWATM OF GRAND ISLAND NiiitYRASI(A (the "Lander ") of the sane date and covering the Inopert7r described is the Security [attrumtsnund locttud at: 121s East 11th Street, Grand Island, Ne 68801 (Property Address) Tics rate e4aWas /tatrlda dkgdn for cbm a is y lattteert ate ass/ tap M abr /ayweats. Tiia sale she 1wh tie Moment any Merest ate eu eiasge at any aria de ad ttlao tie tsisiarssa rrtM tie aandauast rak 1 tawl Oq. ADDITIONAL COVENANTS. In addition to the coveruwts and agreements trade in the Security Instrument, Borrower and Lender further covenant and agree as follows: A: 111W REST- RAIM AND MONTHLY PAYSSM CHANGES ` The: Note provides for an initial interest rate of 13.5 r, ra Section 4 of the Nc'- -& :,ids Tor- changes is the interest rate and the intluthly payments. as follows: i INTEREST RATE AND AWNTHL Y PAYMENT CHANGES (A) CMW Dates The intaest rate I will a PaY tom, c`trr; rm the fist day of Ally .19 90 , and on that day every ti-10111A nia'nths thereaiUr. Each date on which my interest rate could change is called a "Change Date." (s) lrkhdes Beginning with the first Ctatrgc Dates my interest me will be based ten an Index. The "Index" is the weekly average yield on United States Tciaasury Securities adjusted to a constant matrity of i year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date 43 days Woreeah Cr7 ; BeDateis"ledthe '•Crrentlndtx." if the Indoor is no longer avarlat[e.- t lac mzie Holder will choose a new index which is based upon comparable information. The Note H(dJdcr will give the notice of thischalce. :10 Csicw4rtioaofCbuem Befon: ea*Change Date, the Note Holder will calculate my new interest rate by adding Four and one/half percentage points ( 4 _ f, sli) to the Current index and rounding to the nearest 1/8th of I %, subject to the limits stated in Section 4(D) below. This rounded amount will be mg new interest We until the next Change Date, The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in fv11 the principal I am - daps: d to c::c c.r that Chwige Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. J.... (D) Theirs on 1sSereat Rate Churs The interest rate 1 am req,ttired to pay. at, ' tte f rraU. - Change Date will not r_e greater than 3+ 2 4'i or less that Thereafter. my interest rate will r ever be icreased or decreased on t mr r!ngle Change Date by more lhan ` l ao . ,pe.rce It (9-0) frcm 0 e raze of interest i have been paying for the preceding twelve months. The minimum interest rate on this loan till • Dever ire less than q _ r Ire and the maximum interest rate will never be grater than 16.0 egk, W El adveDateofC.littrlm My new interest rate will bts;nme effective on each Change Date. 1 will pay the amouur. rf my new monthly payment beginning cc the first monthly payment date after the Change Date until the amount of my monthly payment charges again. (F) Nodoe of Ciaages The Note Holder will mail or deliver tome a notice before each Change Date. The notice will adviw me of: (i) the new interest rate on my loan as of the Cawnge Date; (ii) the amount of my monthly payment following the Change Date; (ii) any additional matters which the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. R CHARGES, LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charges ; 1,10M. Borrower shall pay all taxes, assessments. and other charges. fines, and impositions attributable to the Property which may attain a vWority over this Security Instrument. and leasehold payments elground rents, if any. in the manner provided under paragraph 2 hereof or. if not paid in such mantrcr, by Borrower making payment. when due, direv3111 to the payee thereof. Borrower shill 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 lied which has priority over this Security Instrwnmt; 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 good faith contest such lien by. or defend against enforcement of such lien in, fegai proceedings which in the opinion of Lender operate to prevent the enforcerrint of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to lender subordin_tin.0 such tin to this Security Instrument_ If Lender determines that all or any part of the Property is subject to a lien which may attain a pti(mty over this Security Insrument. Under shalt give Borrower a notice identifying such lien, Borrower shall satisfy such lien or ratre one or rr.en of the ;=:tions set forth sbovc within ten days of the giving of thenotice. C. NOTICE Uniform Covenant 14of the 3[curity Instrument is amended to read as follows: 114. Nelhe. Except for any notice required under applicable law to be given in another manner, (ai any notice to Borraaer provided for in taus Sedulity imtrument shall begiven by delivering it or by mailing it by first d"% mall to Botrosvcr at the Property Address or at such other address as Borrower may designate by nuticr_ to bond. -r as provided herein. and (b) any notice to lender shall be given by first class• marl trs I ender•= _ addrns stated htttrtr t•r to lin 4h other address as lAmder may designate by ndtrte to evit;"ucr ar, prorrdcd herein. Any notice prot;dcd for rn rh,. Security Imulinrtril% ha;iheeccmedro ha, c been griven it* Borrower (it trrderw hell grtcnin the rMinnerdevgn ,::sfhererr, ... i a i r s1 1p' r t' r .� I