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1 <br />ADJUSTABLE RATE RIDER <br />(I You Treasury Indtrt•Rate Cape) 8g.r.. 103370 <br />t mmADitwAm RATE RIDER is made this Ord day of June .19 89 <br />and A iao PWMW into 11411 mbar be tbnrud to 41101041 and sttpphansat 1110 M OP, Dead of Trust. or Sw rhy Dttad (the "Stwri1y <br />Lsmtnaaaat`q W Use ttasae t1tA0 di+rwt by cite uatlwslgaad (the "imrrorw ") ib maim Norrowar's AdjoUble Raw Now (it* `NoWl to tM <br />(tM "Laadsr ") of tyre saute t4ft acrd oov0riag tits <br />pt+alwrar titaeribad im tbt Sarcttaity iattruuratat steel iacated nt: <br />1609 5tagEoachr Grand Island. Nebraake <br />(Property Addrm) <br />7fbl waft eaanbm pratrbtl0aa tt%Wft hr ebmgp Is aw htWW eels aft my tttlOMlta <br />psymseW This seller ab e IbaNls do smaaal my blinme raw eats ehsW at say ass Yma aft <br />Obe Ira mishimm aft MIt meth sum raft Iwo pay. <br />ADDrI 1ONAL. COYBNAM'S. In addition to the covenants Wald apmaimu mead* in, the Security Matt. borrower and Lender <br />ttitrrtlssr covenant and agr0a nt follows: <br />A. lM1AgT RAIM AND MONT OIL T FAY?4tln T CRANIUM <br />lfte I±pate psoriMs for as initial imerest 11110 at -D 111. Section d of the iVQ4a prnwidetc 02 chtusee is the lateral we and the <br />mooQirt)t payttte - a• follows: <br />L OMESTRA 7E AND MON77ILY PAYMENT CHANGES <br />. (A) L7treNr.DaAm . <br />Mw interest raft I will pay may change on the first day at, .19 go ._ . and on that day e-ka . . <br />t.uielve months thereafter. Each date on which my interest rate could charge iscalkd a "Chop Date." <br />(p 1tr IatMr>r <br />Brgiataing TOW1 the first Change Date. any interest rate win be bued on as Index. The "Index" father wAnkly average yield oa United Stater <br />Treawy aacotitia adjusted to a constant mourity of 1 year. as made available by the Federal Reser.* Board. The tarter room ladat tlhttre <br />availar k as of the date 45 days before each Chaste Date is causal the "Current Index." <br />It the Index is no kaaygr.,a-vailabie. the Note Holder will dsoose a new indn whidi is based upon, compard a infinmatim., The Now <br />Holder will pve meswsice of dpa.dtoice. <br />. tier Clsitetirllln� of riiaargas , . <br />+ Worrm&Chimp Die. the Note Holder will almlate my new interest rate by odttitirg - Lttira sad O09413al p ye <br />_.. tr..•+ err n► w stns a.rrraaa a.00c oa rvtsetw� m the 110attrt ii later or iw{ auoysss tQ tR latatr t4ttW M 30cu It 4(17) WOW. <br />1% r 11nded atiOaM will be my am Weest rate oath the Watt Change Date. <br />The Note Haider will tbm daenaine the simount of the monody payaleM thm would be auffidatt to repay in full the prindod L stn <br />cgmctad to owe on that Cbs pe Date in substantially equal payments by the maturity date at ray oew;nter at rate. The result of thia calculation <br />: will be the new amount of any monthly payment. <br />. 121!4; ' fjratili M Ial1iM ttalltLflaagla <br />The isucrttpt MW 1 *as r11111hed to pax at the rust Change Date will not be greater Uum 11 .0 Iti or Is" than <br />%-. :Meander. my interest tact will never be incrwed or decreand on any magic CUmprt: Me by more than tTwo R!rcent <br />s feoia the raft of iNawt 1 have bian paying for the preceding twelve mooft. The, minimum interns mean this loam shill ae err be <br />` paK fifers 7.0 % and the msadiauts iMetase rate will never be granter therm 14,10 Ill. <br />al fNseMea DsMO M Ciaagta .. � , . <br />My am' i race will become effective on each Change Date. t will pay the amount of my new monthly payment beginsiag otaoe lint <br />monthly paymam date after the Change Date until the amount of ray monthly payment clsaapm sgaia. <br />(19 NaliceMglatlgta . <br />The Note Holder wfll mail e! deliver tome a notice beta reach Change Date. The notice uill advise tae of.- <br />(I) the sew interest rate on my loss as of the Chistme Date; <br />(ii) theamoaat of sly monthly, payment foibwi tt{ the Charge Date; <br />( iii) any additional n titters which the Note Holder is required to disclose, and <br />(iv) the address of flitAnociation you could contact regarding any questions about the adjustment notice.. <br />IL CRADG811; 11lElM8 <br />Uaifotna C4wmuat 1 of the Security instrument is amesdsd to read as follows: <br />I. CbWM iIM& i•orrowo shall pay all tarva. assessments. and other chary". finer. and impositions attrihutabie to the Property which may <br />attains a priority aver tiler Saratrity Itrtrusment. acid kaaaboid paylaets of Rouod recta. it auty. in the manner provided trader paragraph 2 hereof <br />or. it sot ptsid is sacb mamma, by Borrower staking payment. wbes due. directly to the payee tbeaof. Borrower shall promptly futibb Lender <br />W nabobs of asaoum due under this paragraph. and is the event Borrower shall snake psymest davcdy. Borrows shall promptly furdsh to <br />Lander r rusips evidsadts suds payments. !narrower sw promptly disciwge any lien which has priority over this Security lastrutu nt; <br />however borrower shall sot be regtsired to dwcbwp any such lien so Ions as Borrower: (a) sbW *pee in writing to the payment of the <br />oblipaion sawred by swch lies is the wAmmtir aouptabie to I.etder; (b) shall in good faith contest such lien by. or defend against enforcement of <br />snail lint in. IqW preroesdiap which in the opinion of Leader operate to prevent the enforcement of the lien or forfeiture of the Property or any <br />Part Nwroof; or (c) aball secure from the holder of such lien an agneemats in a form satisfactory to Linder subordinating such lien to this <br />10ettrity letsfnlaseM. <br />It Lander determines that all or any part of the property is subject to a lien which may attain a priority over this Security instrument. <br />Lander %W give borrower a notice identifying such ben. Borrower shall satisfy such lien or take one or more of the actions set forth above <br />m it iw he days of the giving of the notice. <br />l C. <br />tlaiform Corenam la of the Strurity Inotunirm is atnen&d to read as fc.+Ilows: <br />U. 14410110. F1WgX frK MAY rcottce rtquiled under aWitAb)e law to tx *ititn in awmhtr manner. (a) any noty t io Borrower provided for in this <br />S "'=:<r to `'. =aa = '':!!'t it..0 .'.c:.-:.iA4 it ci i y 011641 s ii fly first On- fmi in fiRwrower at the Vroperty Address or at such whet addtcss <br />tli Ilo4rawrt may dcerltaate by n+><rct ro 1 ender as ta►entdnl hrrttn. and IN any antra to l,tdaer %hail be pyre by first clan marl to i ender',. <br />addrt+n 4ra14d hrtt,n c r to Hach uth!r old :ass ss 14ndtt rnsy Qrc+Knatt by notKr t r lt+aru.cr ss txr�.eded hrrrrn Any notioc provided for in thn <br />art +cntr frsttvrntut .±ta'I tv cirr*TWd uI have be" liven to mw(Fnrr of i ender whrn *+. cn ei the manna dlstgnalt- hritm <br />i� <br />�Fl <br />zw <br />r*� <br />+r <br />t <br />