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<br />'ADJUSTABLE. RATE RIDER 89--w 10264.9.
<br />1I Near Ite.l,IIte Indct h.ue( ap,t
<br />111 Is AfLII tiI AHl l RA I I R101-R t, nfade thf, 17th dote tot pin} .19 89 _ ,
<br />and is incorporates; into and ,hall hr d(,tnc.l to amend an,l ,upplentenI I", Shtttgage. Dccd of """' air 5tctuit% Deed (the "Security
<br />Instrument ") 0l the wn� date given M the undersigned (the ' ltotrower ") w'cLure Borrowrr's Adtustable Rate Note (the ••Note ") to HOME
<br />E DERAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAND► NEBRASKA_ (the •'Lender•'► of the saute date and covering the
<br />property descrihed Of the Sccunt% Instrument and located at.
<br />3ta . Pr•imrC)SO Drive., Grartd- island, Nr~ - --
<br />tProperm AJdr;:t,►
<br />This note coatalatt pr(nislom allowing tot changes in my lntereMt rate and my monthly
<br />pa)ment., •I hfq note also limits the amount my Interest rate can change at an) one time and
<br />aho the minimum and the maitimum rate I must pay.
<br />ADDITIONAL COVFNANTS. In addition it) the covenants and agreements made to the Security Instrument, Borrower and Lender
<br />further covenant and agree a% follows:
<br />A. INTER"WO RAfE AND MON Flit V PA%MFNT('HAV MS
<br />The Note pros tdc k for an initial interest rate t.t ., .^ I� _. 't'o. ti,� uon 4 of the Note prosides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. INTE•Xk.S/' RA T1 AN AfO.N. rlft
<br />(A) Chtruei am
<br />The interest rate I will pay may change on the first da) of :__June _,June _. _ _ , 19 90 , and on that day every
<br />t(yajv._ __ . mont hs thereafter t ach date on which ms uuere't n)tccould chats" t, called a "Change Date."
<br />1S1 che•trr(ka
<br />Beginnigfta-;.h the first C hinge Date, my interest rate will he hash! a?r)s-Made%. c *t: '•Index" is the sverkly average weld on United State-
<br />Iaeasury secutili•- «,asljusted to a constant maturity of t tear, as made ava',laMr by ":`.c F(Mcral Reserve Board. The most recent Index figure
<br />a,;ailubte as e! t 15e dt.e 44 eta a. tx:fore each Change Datc i< crUt.l the "i'urren► hide %."
<br />If the held as no longer a%ailable, life Note Holder wrJl .hoow a new in&% which is based upon comparable information. The Note-
<br />Holder will9mcarcnoticeof this choice.
<br />Wit Calcufiadoo of Changes
<br />Tkfore each Change Date, the Note Holder will calculate my new Interest talc by adding four percentage
<br />pvtofs ( 4.0 __..41o) to the Current Index and roundtag to the nearest I • Ath of I °'o, subject to the limits star>_•d in Section 4(D) below.
<br />Thut rounded amount will be my new tntere%i rate until the next Chanute Dwe.
<br />The Note Holder will then determine the amount t f the monthl,. ,rrAr.,,wit that would he sufficient to repay in full the principal t am•
<br />expected in ime nn that C'hgnEv Dale In ,!dfvtatat: 'lr ry•-' f,a-, : :bt, I`+ 'lhr Tnd. at O a.Ze at my new interest rate. Inc result of this calculation.
<br />will be the new amount of my monthly payment
<br />(D► IJMlt% on Interest Rate ('hanger
<br />The mteres, rate 1 am tcyufred to pay at the tint t hot: :t.e E7.at: w0l nut tic greatct than 1�.Q °c or Ims than
<br />1 •0 na. Thereafter, m% fntetr,t talc will utver he lit, rca ed ,,: ' creasc,l nn stns %inylet hange 1)ate by more than jWn percent
<br />Itont the rate of nterest ! furl( hecn pavtnp flit the nrcacdr:r�, ^.seise munch, I he nu111nium interest rate an this loan w' ill never be
<br />less than. _ .9.5 °'o and the ma%t:nunt urterest rite will nt•vc: he greater than 16.5 0.0.
<br />ft.) Effective Date of('Ranges
<br />My new in:erest rate will bo,omc ctfeCn,.; on each ( hange 1)ite I :,r. pal, ttic amount of Fit new mr•nrhh payment beginning on the first
<br />monthly payment slate after the Change Date urn? the amount lit nn moll:` s - ,tsntrr,! , h;fn} r,;tkaln
<br />(F) Notice of ('hange%
<br />The Note Holder % •`I: rnL.h,r dchser to lac a lit -!I, helore cash ( 1•allge Darr
<br />M the CCU u:tcrest rate *in nn loan as „f the( hinge Dale.
<br />In+ rl t a _ •ount o! nri tnonthh pas meal inlluw rig nc� l I ar.�!v C.)3:::.
<br />first L77 addnionai mattrt% whi,h the Note Bolder 1, rcy,nr.d
<br />(rvl the ad.cressottl:cr.• :: a!„ insou '(w1d,unrattICgardinga °t,a. :: ::::�'^.,utIneadIu%imenrn.,•rcc
<br />S. C114RGD': LIENS
<br />I rtt, rsn ( axectirl-4 of the Sccunr v ln,trunrent i%amendcd to read a, fall•,+•,.
<br />4. Charges: Item. Borrower shall pay all taxcs, assessments, and other tharres. fine, .trs.: mp -miln, attributable to the Properly which may
<br />AI N)m a priority over thts Set -urret inutument. and lcas.hold pdyutrutN of ground rent:, f ar:y, to the mannet pro-. ided under paragraph 2 hereof
<br />or. if not paid in such manner. by Rorrowct making payment, when due, dir ecily to the payee thereof Horrower Shall promptly furnish Lender
<br />all notices of amounts due under the-, paragraph, and to the esem Borrower ,hall make pavinen: directly. Borrower shall promptly furnish to
<br />tender receipt; eviden,mg such pasmelus tlorrowrr shall rtomptl% di%,hargr any hen whith has pnonty over this Security Instrument;
<br />however, Borrower shall not he required to discharge artll such hen ,u Intig :a, liorruwci tat ,half dgrre rn %lifmg u. the payment of the
<br />obligauon secured by such lien to the manner a,teplable to 1 ender, (h) shall to f(W faith ,ontcst such lien hy, or defend against enforcement of
<br />such hen in. legal prf)cecdtng%vshl,h in the opinion ( +1 I ender operate to pret,:nt the Villor,cnic'ttf (•l the hen or forfeiture of the Property or anv
<br />Pat[ thereof, of (c) %hall %(Lure from the holder of ,u,h Iren an agrecmcnr to a form ,ali%faotjrs to I ender subordinating such lien to this
<br />5tcurny ItISIfUmCftr
<br />If Iender dctermnics thou all ur anv hart of Is,:. lrroperrn :. ,uhfe,' ••t of Iren w1Ut11 mar efl.im a I,r:•,trts ,•vcr rIII, ',c',unn ln,tnauent,
<br />lender %hall gt+e B"trowet a nnh:r fdentAing su.ir I :•n ltorro„cr 1,•iil ..th,:s ,uth bell ,,. "llc ,Mv ,v I n .c •.t rill e, r,,nls ,c t faith ebose•
<br />•within ten days of thegivutg of the rn•h,c
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