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1 <br />ADJUSTABLE NATO: RIDER <br />0 hctu Irea,iirs Indct Rate (aps) 89-.. 102630 <br />I I I ISADJUSTAtli I RAII- RII*..N is niadeIbis 1Oth dos of slay '19 89 <br />and is m,orporated into and shall be deemed to amend and ,uppicnient the %lotlgage, Oced of irtt+t, ter Securty Deed (the "Security <br />Instrument "Ot the satitc date gi%cn h) the undersigned (th, ^llortcrt +cr ") to scrurr Norrawcr's Adlustahte Rate Note (the "Note ") to HOME <br />FEDERAL SAVINGS • LOAN ASSOCIATION OF GRAND ISLANDu �IFGAASKA title "I cotter "1 of the same date and covering the <br />property dcscritnd in ih; tircurn\ Instrument and Ict:atea ,u, _ -~ <br />5U4 AI U East loth Street. Grand Island, Nebraska <br />-- -- -- - -. .. . _ IProperty Address) - -- - -- - - - -- - - - -_ - - — —. — <br />This note contsitrt ptosialoat allowleR for chantey in my Interest rate and my monthly <br />patMeats.'thts note also limits the amonat my iatereat rate van shame at any one time and <br />also the "dalmum and the madmum rate 1 mutt pay. <br />ADDITIONAL. COVENANTS. EN.ANT'S. In addition to the covenants and agrectnents made in the Security Instrument, Borrower and Lender <br />further covenant and agrec ar follows: <br />A. INTERFSt RATE ACID MOrI•H1 -V PA1•Mf. %I CHANGIt_% <br />The Note pro%ides for an initial interest rare tit _ 1.3.0 °b. Section 4 of the Note prosides for changes in the interest rate and the <br />monthly payments• as lollow s <br />4. 1ATF'RENrRArF. AND VON 1711 ) h4 YAf1; TU11AMit ii <br />(A) Chaste Vales <br />The interest rate F mill Isar may change on the hest day of June _ _ 19 90 , and on that day esery <br />monthxthereafter. Lachdate on which n►} Interest rate coutdchange is called a "Change Date." <br />(B) The lades <br />Beginning with-the first Change Date, ins interest rate will he based nn an tildes. the­ Indc%" is the weekly average yield on United States <br />Treasury secuntim adjusted to a constant maturity of 1 sear, as made asailable by the Federal Rr %erne Board. The most recent Index figure <br />ava'r!zble as of the date 43 daa before each Change Date is LaHVI the 'Torrent Index " <br />H the Index is no longer an- ..Oahle, the Note Holster %% I(.' .:h00%c a nom index en trash f, based upon comparable Wormation. The Note <br />Hotder will gise me notice of th:s ooicc. <br />(C) Calealatioll of Chisates <br />Before each Change Date, the Note errs new interest rate h% a4de., g _.j(uu - and- nne/,half percentage <br />points(. °•'r► to the (- urrere In -Sex and rounding to the nearest I -8th rt 14!16, subject to the limits stated in Section 4(D) below, <br />This tolrrtdeda rrictunt will he mw crew intrrl• ruin ntti the tie., r_ hanna in,,. <br />The Note F.-I -Adcr will then determine the a.T, unt of the monthly <br />