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I AMUSTABLE RATE IUDER 89`10304.4 (i Year T rawry index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this day of T. ing + 19 ,9. and 4 incorporated Into and Shill be deemed to WMW and utpphmettt the Mortgage. Deed of Trust, or Security Deed (the "Secutitlr 1 IrgtrtsRat+nt ") of the satar ones gaaen b1r the uudersigmd (the+ S +Btrrrgwar ") to secure earrawer's Adjustable Rate Note (the "Ngts") to IMIR t Property described in the Saw[ D N (� "fir ") of the same date said covering the tY Ieurarrtent and treated at: 61 S Reasent. Place, Grand Islall,d, Ne 68801 (VIOPerty Address) 7hi ante attlldw lwa isi tM dan iw chmpon IN my 4Naat tale anti my wNub g+ayassab. "k agile WIN iluMla the taumm my lateM rate tea OWW at my one titre Wd ttlsa the asirhat�� sad tlarr..,,.:a�a rraNi)itilrN w. ADDITIONAL COVENeV+ii'S. In addition to the cavemit and agreements shade in IM Secttdty Instrument, Borrower and bender flusher covenant and agree as follows: A. IIYI'Fi Iff RAU AND hWNnalf pAVMENT CNAKGES - 71se Note provides for an initial coldest rate of 9 - r1i,. Section 4 of the Note provides for changes in the Interest rate and the monthly payments, as follows: 4. CMXWF RATE AND MONTHLY PA yMepiprCUANGES (A). Chum Dow The interest rate I will pay may change on the first day of i twelve tnonihs thereafter. Each date on sirhkh my interest rate could ' 1990 • VA va that day every (iI 11e laiett nie is called a "Claatage Data." Bg$kW ft with the first Chatsgo Date. my Interest rate will be based on an Index. Tice •'Index ++ is the ! Treasury securities adjusted to a oonataat maturity of 1 year. as made available by the Fc&-4 Reserve Hoard, The most so=t Index figure available as of the date 45 days before each Change Date is called the "Current Index." If the index is no longer available. the Note Holder will choose a new index which is based upon cgmparable information. The Note Holder will give the notice of this choice. (C) Giaiabst el CWgm Before of Date. the Not; Holder will calculate my new interat rate two and one /hail -- –. Para �? �5 4it)lo theC'urrent 1.4. w .�.... r . � �� — �... a1, �. 8L�iv5auaisfeihofine .W0Jefftath!'Il litiititEdtfia&dko4(D)below. - 'dais ro+it�ded atnamt will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the w,,_ntRly payment that s ^assid b3 suffir�at to expected to owe on that Change Date in substantially epay in full the principai I am Y equal WYnknts by the maturity date at my new interest rate. The result of this ceIcuWion will be t6enew amount of my monttrsy pay�t, • .. (D) UmM a bahUnd Rate LlaUgaa 7.? interest rate I am required to pay at the first Change bate will not be ' greater than, -• 41 _ S or less ithul • Q %- Tiheregfter. my intrnst rate will never be increased or decreased on any sin& Change prate by more tban wo� �t from the rate of interest I have been paying for the pritceding twelve months. TTie minimum interest rate on this loan will never be Ass tbAn � - Sn ei and ripe maximum interest rate will aev -tx be �. grater than 14 . S t4 Effw re Dale W MY new interest rate will become effective on each Change Date. I will pay ti:'e amount of my new monthly payment beginning monthly payment date after the Chan jle Date until the amount of '"monthly Payment changfte on the fuss met' Note Holder will mail or didliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; ' (ii) the amount of my monthly gYmeuk 116llowing the Change Date; i (iii) any additional matte which the Note Holder is required to disclose, and j Cv) the address of theaus6ciat ion you could contact regarding any questions about t1t odjustsoent iwtioe. f IL CHARCMS., LIENS 3' Uniform Covenant 4 of the Security Instrument is amended to read as. follows: , 4- C1141111M LIN& Bower shallpWY•atlt taxes. assessments. and a(fser charges. fines, and imppssions attributable to the Property svbich tna attain a� - Securityrirts6ctttrent, and leasehold payments of ground rents, if any, rut' ' unanner Y or. if no�OM in such manner,') Borrower making payment . when due, directly to site provided under paragraph 2 hereof all ootkea 'Gg,amouats due under this payee thereof. Borrower SW promptly furnish Lender p�Faph, and in the event Borrower shtWl stake payment directly. Sar�ower sbW promptly Leader rec�PU evides� such pmts. Borrower shall promptly discharge any lien whUh bai I furttisth to however, Borrower shall not be regraired to discharge any such lien so 1 priority over his Instrunftt; obdgatioa secured by such lieu in the', long as Borrower:. (0) dill) agree in writing to the payment of the sgattner acceptable to Lender: (b) shall in good faith cotftestsuch lien by. or defend against enforcement of sash lien in. kpl proceedings which in the opinion of Leader operate to prevent the,enforeement of the lien or forfeiture of the property or any Part tberaof; or (c) shat! secure from the holder of such lien an agreement in ot fours .,satisfactory to Leader subordinating such lien t&;Oti's Security la:ttyment. If Leader determines that all or any part of the Properly is .fit to alien which may attain a priority over this Security Instrument. Lerder shall give Borrower a notice identifying such lien. Borrower shttl:satisfy such lien or take one or ority of the actions set forth above within ton days of the giving of the notice. C. NUTWE Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. Nape. Except for any notice required under applicable law to be given in another manner. (a) any notice to Borrower provided for in this Security instrument shall be given by delivering it or by mailing it by first class mail to lictrower at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by first class mail to Lender'. address stated herein or to such other address a_c Lender may designate by notice to narrower its provided herein. Any notice provided for in thi. Security instrument shall be deemed to have been given to Burrower or Lender when given in the manner designated herein. r '.1 it —J.--