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ADJUSTABLE RATE RIDER 90- 405601 (1 Year Trasusy Index-Rate Caps) THIS ADJUSTABLE RATE RHWK is made this _21st day o f __ September .19 90 �+ and is inoorpduattxl into and shall be deemed to yw rid and supplement the Mortgage. Iaecd of Trust, or Security Deed (the "Security I lasuament ") of the am date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note Ithe "Note ") to HOME FOERM BAVINOS a LOAN I1IMIATION OF GRAND ISLAND. NEORAWA (the "Leader ") of the same date wall cwvaing that property daaibe:d in the Security lm nximat and kicatid at: 1421 Coventry place. Grand Island, Nebraske 68801 (Property Address) This aeft eaataiss pnvkkm allowtag for tlws" Is way lowest raw mad 4 nneatblr /ayearob. TW Dote who IWm lie wwwaal way talersal mw caw burg+ of any one date aW aba Ibex axle desist mad dat wMrlwam ram 1 wad pay. ADDITIONAL. COVENANTS. In addition to the covawtu and agreements made in the Security Irutrument. Borrower and Lender Gtrdtat oavtouaat wad ongree u totbws: A. IN1FJ M RATE£ AND MONTHLY rAYiWBNT CHANGES The Note provWes for an initial interest rate of 11.5 tAs. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. WERESr RATE AND MONTHL Y PA YMENT CHANM (A) Chap Data The interest raw 1 will pay may change on the first day of October — , (9 91 , and on that day every 17 months thereafter. Eachdateon which my interest rate could change is called a "Change Date." (ll) TIM ["in Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yirld on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date 4) days before each Change Date is called the "Current Inden." If the Index Is no longer available, the Note Holder will choose a new index which is based upon comparable information. The NOW Holder will give me notice of this choice. (C) Cakshid" of Chump Before each Change Date. the Note Holder will calculate my new interest rate by adding three & one -half pereemage Points ( '14 9; %) to the Current Index and rounding to the nearest 1 /0th of I %. subject to the limits stated in Section ND) below. Thb rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be wfftctent to repay in full the principal 1 am exported to owe on that Change 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. (D) LWm un lisps d Rate Cf s"a The interest rate 1 am required to pay at the first Change Date will not be greater than 13.5 ob or less than Q-5 fills. Thereafter, my Interest rate will never be increased or decreased on any single Change Date by more than two 2%) fran the rate of interest 1 have been paying for the preceding twelve months. The minimum interest rate on this loan will never be Sea dawn Q _ n % will the maximum interest rate will never be grater than 16.0 41b. /foil Fltecdva Dam of Chga My new interest rate will become effective on each Change pare. 1 will pay the amount of my new monthly payment beginning on the first rnoriddy payment date after the Change Date until the amount of my monthly payment changes again. (F) Nodes of Cha tpa The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (1) the new interest rate on my loan as of the Change Date. (ii) the amount of my monthly payment following the Change Date; (iii) any additional matters which the Note Holder is required to disclose; and (iv) the ad ilress of the auocistion you could contact regarding any V.,estions about the a4ww weer• txorlee. L CHARGISt URNS UDifQvi r Covenant 4 of the Security Loarruatew is anian&d to rand as loliows: 4. Cberps; LIsse. borrower shalt pay all trues. awmasarmits. and other cbarlim. fines, and imposdrio" annbv able to the Property which may attain a pricn a over uns Swum inunt mem. and iessarmW p symma s of Wvurad rems. iti any, m tiro terara r provided urrucr paragraph 2 ncravi or. H ant paid in ww* Masser, by Sorrower making paymiett.. Whew due, directly to the payee thereof. Borrower %hall promptly furnish Lender all notiws of ansnuats due wialkv this paragraph, and in the event Borrower %!tall make payment directly, Borrower shall promptly furnish to Lowther toctripts evideaciag suck payments. Burrower shall promptly du:harge any lien which has pritrity o%er this Security Instrument; haatave. Borsow+er shnil not be required to discharge any such lien so long as 11 rrower: la) shall agree in writing to the payment of the oblipAm secured by such lien in the manner acceptable to Lender; (b) shall to good faith contest %uch hen by. or defend again+► enforcement of suds Can in. feral proceedings which in the opinion of Lender operate to prevent the enforcement of the hen or forfeiture of the Property or any pan tAersof; or (c) shall secure from the holder of such lien an agreement in a firm satisfactory to I ender %ubordenating such ben to this Security Inswun"I. If Lender dxlenoines that all or any part of the Property nub/at to a lien %hick may sham a pn.xuy orer Ihi% tiecun►% In %trumew. . Lender shall give Borrower a nolwe idenul%indl %ut.h lien Wwrimer %hall %an%fs %u:h lien or take lone tar mare al the a%ntm% %et forth abo%e within tat days of the giving of the notice. LC. NOTICE Uniform C mimatt N of the titturit) Instrument is amended tit read m rollout N. Nellita. Except for any notice required under applicable law at he iiii co to artttrhti manner. Mal and non,c it, littriowcr pro%tJcd tar in the% Seurity Instrument shall Ise gmen h) delinenng it tar h) mtarhtts it h► Itr %t d2%t mail ht Bttrtaticr at the Pr,tm1% %JJfc,, tar At %u,h %plot Addre%. as Borrower may designate b) notice his ( ender s% pr.ndded hticrn, and th► ant nttr%,r rat i cra4r %hall IV µhen l•% 1110 slat% mail In 1 e10cr'4 addreustated hnein of to %uch other addrK% m I cntki nia% Jt%rRnalc It) rnrti,c tit lieantact 4% prosI&til hcre to %11% n.•h. c 1•110t1J<J towl m 1111% Security Instrument OWIhedeemedtoha%eheen Rt%cn ht Hinrtutrt at 1 ender when linen ift the inanucr Jc%rynaldal hctem .i 7 1.4 Ta r F IIlIIIIIII� AL