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1 ADJUSTABLE RATE RIDER ( I 90-105843 Year Treasury Index•Rate Caps) 4th October n•.► 90 THIS ADJUSTABLE RATE RIDER Itme & this ._- _dayof and b incorporated into toad dull be darned to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security lutrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME EEQBML SAVINOIfi A LOAN ABI W!bTION OF GRAND 181.AND. NBdRASKA (the "Lender ") of the same date and covering the property described In the Security Instrument and located at: I 1328 No. Howard Place, Grand Island, Nebraska 68803 (Property Address) iTiab rsoM ceatata provision allowing for cbgw In tray Interest rate surd my moatitly paaaoats. Tbb note also limits tits► $novel ery Iatervat ate an cbttse all any an gives and aloe do ■Inlrana load tb mtahnesn raw 1 raew pay. ADDITIONAL COVBNAIM. In addition to the cavetaloata and agreements made in the security Instrument, Borrower and Leader fwtbwooversant ad agree as follows: A. INTENT RATE AND MONTHLY IPAYMENT CHANGES The Note provides For an rietitia) interest rate of 11 -25- %. Section 4 of site Note provides for changes in the interest sate and the monthly payawnta, as fa&wwr• 4. INTEdi -Sr RATE AND MONTHLY PAYMBIVT CHANGES (A) Cbage Dante ttierast rate 1 will pay may change on the first day of November ,19 91 , and on that day every Thei 11 months thereafter. Each date on which my Interest rate could change is called a "Cha ge Date." W TM lmdm Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United Sates Treasury securities adjusted to a constant maturity of t year, as mane available by the Federal Reserve Board. The most recent Index figure %vail" as of the date 4!I trays before each Change Date h called the "Current Index.'" If the Index is no lotrigir available, the Note Holder will choose a new index which is based upon comparable information. The Note Molder will give me notice of this choice. (a cWtaisdavolclieft s 1ReforexlotcftChttageQSttte, the Note Holder will caltarlate my new interest rate by adding three and one -half percentage ,points ( , 3.5 a s) to the Current Index and rounding to the nearest I AM of 1 %, subject to the limits stated in Section 4(D) below. i IU rounded amount will be my new interest rate until the next Change Oste. The Note Holder will theft determine the amount of the monthly payment that would be sufficient to repay in full the principal I am i expected to owe on that Charge 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 may monthly payment. (D) Limits in latutwt Rate Cbe sga 13.25 The interest rate 1 am required to pay at the fsnt Change Date will not be greater than �, or less than Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than tu-- _.L.ia�i.L iraa the rate of intetxst 1 have been paying for the preceding twelve months. The minimum interest rate on this loan will never be lest titan 9.0 4lr and the maximum interest rue will never be greater than 16.0 pay (E) Effective Daw of Chu" My new interest rate will income effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first mttntldy payment date after Ike Chuxge Date until the amount of my monthly payment changes again. (F) Notice of Chaps" The Note Holder will mil or deliver to me a notice before each Change Date. The notice will advise me of: 4) the new interest rate on my loan as of the Change Dace: 1(ii) the amount of my monthly payment following the Change Date; 00) any additional matters which the Note 11*14rr is required todisclow-. and (iv) the address of the at weiation you coulm ~,enact regarding any questions about the adjustment notice. A CNARGIRS; LIENS Uniform Covenant 4 of the Uurity Ire:: w:.cat 6 "ici led to read as foilowt: 4. Chum; Lunn. Borroac!- awl pay all taxes, assessments. and other chat {es, fines, and impositions attributafb7e to the Property which tray attain a priority over this Security Instruments and leasehold payments of ground rent::,, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manners by Borrower making payment, when elate. directly to the Devoe thereof. Borrower shall Dromtstly burnish IItrtder all notices of fur oomts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall prtxut ,tly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument. bowever, Borrower shall not be required to discharge any such lien so Iona as Burrower. (a) shall agree in Arrirng to the payment of the obligation secured by mich lien in the manner acceptable to I_.stder: (b) shall in good faith content such lien by, or defend against enforcement of such Ben in, legal proceedings which to the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security Instrument. If Leader deter nunn that all or any part of the Property is subject to a [ten which may attain a priority over this Security Instrument. Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actiow. set forth above within tan days of the IlivinL of the notice. C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as tollotic 14. Notice. Except for any wwv requited under applicable law to he Kern ur another tnannet, sal any notice its Mittoact pins tded ton in the% Security Instrument shall he given by delivering it or by mash ma it by fir %I clans mail to Nostiower at the Pr"perts 1dJre.. ur at ouch Daher uidre.. as Borrower may designate by notice to I.ender as providetd herein, And Ihl any nuucc I" 1 ender shall he loosen hs urns .la %% marl at I ender', address stated herein or tu.uch other address as I coder mas demotitate M nonce to Ilottr"wcr ao pros ided herein %n% omm: lit os ido-d tat tit the. Security Instrument shall he drenied to hate teen 01% cot lot Ilt tmtwer of I coder w hen loosen tit the in.uuet de.rRnaicd litmus I 1 n.° i t. `i {psi; r. I