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ADJUSTABLE RATE RIDER $9 i0421 $ <br />(1 Yet Treasttty tttdex- ltataCaps) <br />TIiIS ADJUSPABU RATE RIDER is made tAis — Z9 day of June .19 89 - <br />and is ittoorpciMed into and shill be deetneil to amend and supplernmi the :Mortgage. Deed of Trust. or Security Deed (the "Security <br />lmttu rent ") of the same due riven by the urdetrarned (the • 'Borrower") to smure Borrowex's Adjustable Lute Note (the "Note") to HWE <br />F rltAl. M—WAIM i LOAN ASaOCMMM9 G.M1MD iMAND, NEBRASKA (the "tender ") of the same date and covering the <br />prgcmydescribadintheSecuritylntsrumented lowed-at: <br />622 South Kimball, Grand Island, Ne <br />(Property Address) <br />Tbb sale eaMBma gretwhis abw* tae clieft" Is my 3alercat ate Md my asn" <br />paJ ee M 76ia tttttrit airs lmft trite stowat mdr katrtreat nu cart elisage at atq axaa dw Md <br />abe ttrt ombdmitta aaf tie anctkma rate 1 trtttttai stay <br />ADDITIONAL COVENANTS. in addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br />further coenant and agree-as follows: <br />A. t1V VMT KAU AND MONTHL -d PAbW � <br />'3.Z�. <br />The Note provides f.'f*r an initial interest rate of _ !',. Seccurr. x rat the Note provide for changes in the interest nu and the <br />moothly payments. tntqpUcows: <br />4. LTftLt'BEST PATE AND ;tlCE :V7111_ Y PAVMFNT CrfA'Vla;Cs <br />W- Change Dan <br />The interest rate I will pay rnay change on the first day of , August _ M 90 . and on that duty every <br />twr,2 u_e _ _ months thereafter. Each date on W hieh my interest rate could change is called 7 "Clta lgitDate." <br />(B) Tfeiriiea <br />Orginnity with the first chatgg .4itc. my Interest rate will he based on an Index. "The "Indot" is the weekly average yield on United States <br />Treasury securities adjusted to a cmhant maturi.y of 1 year, as made available by the Federal Reserve Board. The most recent Index figure <br />available as of the des.t rS days before iaach Change pate is called the "Current inden." - <br />if the index is od&w ff a.arlabk, the Nate Holder wirl choose a new index which is based upon comparable inftdrw. Lion. The Nate <br />. Holder rills give me notice of this chr*rac. <br />iii „,taitMninN Cho" <br />.'!. <br />Before each Chu W Date. the Note Holder will calculate my new interest rite by addtttg ' F•O t t �."3 `=• �w haLf percentage ` <br />points( z,,ws. .4t) to the Current rode+ and rounding to the neareit 1 /Sth of i r., subject to lire lli:tibditated in Section QD) below. <br />'Msrrtrtttded amount wili be my new interest rate until the next Charsge pate. <br />The Note Holder will then determine the amount of the monthly payment that would ')se_ suf`cicnt to repay in full the principal l am <br />expected to owe or: that Change Date in substanttally equal payments by the matumv date at my new interest rate. The result of this calculation <br />will be the new amount of my monthly payrricni. <br />(D) Uri tb trine lowe t Rafe (Uwam <br />T?!c interest rate I am required to pay at the firs. Rang- Date will not be s" „rote than ..__.__����r�,!a or less than <br />Ki. Thereafter. ny interest rate milt re%cr tx spar;, iao-1 cu drereasrd con an4 ;, il)ec: hange pate by more q it r'''---=- •^p. --= t= ^t <br />,' f = of interest L hoc been pay mg f our�"o.M; �edi ng m c k c m rmt h. I hrr:3,nrt(mm i rnr`rs i rate on tii'is Win will rsever be <br />�--- '. 7 bb U <br />tessthan.. Nand thentaumuti!.aris 7tralev.i :!t :escr tic greater than <br />• (EI iRlltltfitrt'ulttt of t'iumn <br />My new ►merest rate will bermvwaf3. :;ti>e', n acts(. hange L13te. 1 will pay the amount of my new monthl}• payment beginning on the first <br />ttsonlhly payment dat2after tf:e t 'htinaY site uni,P the amount cif my monthly pavmrnt ch3ngL5 ag,in_ <br />tt) �itrttice of C'Aleagea 1°� <br />Th e%'ol cHr• 1 .t:1;••'wUi mad c!rdchtertameiz tcehcforcrach(hangeW.%- Ihrnut!.r%di4dsnerncuf: <br />its the rew interest s are ^n my loan aisof the k hanget)a% <br />}n1 the amount of trs tntymbly pa)Tnent fuL'cswmp. ; :}cr'C ttan� a Vale. <br />Wit any additional myaie ri% hich the N .jeHaiJetetreyuued1od- .%Jmc.and <br />Uc1 the . rrgard! nganyquesuonaahoste�ead ;urtnunt•r,tuee. <br />i. CHARMS; UE\S I . . <br />Uniforttt covenant s of the 16:wvty Mtt:l atrtent is amended tomAd as follows <br />g. fter”; tAm. lSar;rker shall pay all rates, askssrnmis. and other charges, finis. and impositions attr;'nuluble to the Property which may <br />attain t ptiurtty ot'e► this Sircmity lnstryment, anri leatthulQpa t :rt(ms of ground ter►c, if any, in the manner pro%ided under paragfaph 2 hereof <br />err, if nol paid to such wAnner, by Borrowr. n:akmilpaymcni.who due, directly to the payee thereof. Butrutter ~hall promptly furnish Lender <br />all noom of amounts due under this pisrairtfph, and it) the et eat 13e110wer shall make payment (hrectly. Borrower shall promptly furnish to <br />Lender receipts okknong such payments Burrower shall promptly discharge any but which ha. priority O%cT !his lwtulity Instrument; <br />howner, Wmrsev shat) Erin lie requsfe•d to drn'rarge any ss_a Len so lung as fk -t-or ia) r.hai) agree to writing it, the payment of the <br />obit mwn ter:ured by su:h lien on :he rnanwr acceptable toi 1(rider. f b) shall to good faith contest sue h Jim try. ort defend against enforcement of <br />wch lien rn, kgal txc :etdirtgs whtth in the (gip :morn off ende► o poste to pun eat the enfu%ement of the ben or forfnture of the property et any <br />Pat( thintof; or to f ha'l tarure fmm the holder cif •.uO lien an «gteement in a form rar!sfactory to Lender suborrdmating tuck lien to this <br />Stcur,ty Instrument <br />If I.tnder deferinines that adl or any part o! the Property is sabiecr to a lien which ttiay attain a priority our 'thrs .Security Inftrunient, <br />1_cnkr shall a1te Btaroves a nt2Ll-�r tdentlf %ing i:k.;h lice Kn -ttner tkaic cztxcfe civh Ism er take t.nj! o! Sat•!: it !! : _'tom t:° rY li`!t�! *4ri <br />wr, hin ten des f's of r he gr>.rrg of (!re "fo- <br />' C'. %.OIK'E <br />LeifXI" t cnevrart to of the Smu!itc intrtu.sntm I: attien-k -J to read at 1(14,* . <br />14, NoGh t. li c•.r t f•-t rrn> s: +at,:- resia:rcd i.r }rt ;tiyyit.ahir law to lie g!ten In aril ?h *_s 1`11.3nrer, fat ant r : :, :,e t,• Hwr,•urr rri walcJ if sit rfn. <br />tic trr4t' Too unr!t *i'.it -egrter:h.Qc;.•.r'.! :pit :fti,rsni;;rigitt) fit .sc!s; nis :l w, lit Vt,. -.wr•: < ?,1•t.ccsa •:r,'::iris5AJ•c- <br />ac 1f!,,t �c ■tf f'aF ^' 'd'?- by .--... a tic } f7 je? a; rrr -li. i t r. ri - <br />rt .._ .. 3s...t=., .a;.t1. ^.ts - :.s :e ,F� °:1:'• '•���i�;;•. .;. .�.t•. 'ir.�• <br />�;� :r• :__uaItst[ ..t!. h: its.`, Jrc- •s :trxtt :rn ;.dc, <br />pr- yrr,_p,, !rft,:••,y:•:r tr•t_c.'rt ^`r•r4 :r _;i :••..,'t!.�r't' : <br />. i'ii'..- .. r ! : c:r - r' • f•a;r t- r; v .tt� r73S tra�r7 . . f r. ^. `:7 p <br />foe. <br />�t <br />i <br />