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ADJUSTABLE RATE RIDER 90-106060, (1 Yew Treasury Isdat -Rate Cap) THE At )1USTA2uItATERIDF.Ris made this 1 7th day Of October t9 a.Q it MVWparated Imo "d shall be downed to mend and supplement the Mortgage. Deed of Trust, or Security feed (the "Security bWWMgW-)V C the MW date Shm by ter undersignecl (tea •,Bortowc•) to same Borrower's Adjustable Rate Nate (the "Note') to Fl lIAI: lAYIIWS LOAN ASSOCIATION OF GRAND ISLAND, NESRAMC^ (the "Linder') of the same date and coveting the is if d=P#v4 lathe St xx rky Inoriment and focated sec: }'4272'Nevada Abenue,- Grated Island, Nebraska 68803 r w t x (Prop" Ad*-) rry Thb sob emads PMWk ss a0atrig fsr down i my how" tar aai 4 � Mytttit�fa. iii star Was Un amwrt sq fazakrM rat m ehasga a any seer tlr tstsd '', c i'IIS4*c�ylFq. y.5. w` t aYstlraiht+st d.:he ratat+aeae l nsart psi ' - x ; t N s '- is 8"dtfill to the std agtemeats made ht the Security Itutttsimt, Baroans atsd , ✓: 9 lull 'S .fis�eeasNwtfaodagrea aafmowe _ - - .a a ,SAME AND 1110M I&T FAYM M CHANGESI 7fe 24ow peoddea for as h" interest rate of _11 25 %. Section 4 of the Note provides for d'ango In the interest rate and the moethi).paymeots.>iafrtllowc 4... Mf JIMT X.1 TE AND MONTHLY PAYMENT CHANGES W: chow DON rate I will pay may change on the first day of November 19 91 and on that day emy : mond r thcreaft x. Each date on which my interest rate could change is abed a "Change Due � The lades Beginialsig with the first Change Date. my interest rue will be based on an lndu The "I ndex" is the weekly avenge yield on United States Trcitsrry securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure strad" as of the date 45 days before each Change Dare is called the "Current Index." If the lndex is no longer available, the Note holder will choose a new index which is based upon comparable information. The Now Hoiden wM give the notice of this choice_ Ka' �lahAos of Chisms Before each Cbm Date, the Note Holder will calculate my new interest rate by adding three and one -half percentage ppjgts ( 3.5 %) to the current Index and rounding to the nearest 1 /8th of 1%, subject to the limits stand in Section 4(D) below. Tun 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 sufficient to repay in full the principal I m expected to owe on that Change Date m substantially equal payments by the maturity date at my new interest rate. The tesul of this cakvlatlon will be the new amotmt of my monthly payment. (0) Lake m Iate va Rase Changes The interest rate I am required to pay at the first Change Date will not be greater than 13.25 % or less than 9.25 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than flan (2-b;%) from the rate of itt minimum interest I have been paying for the preceding twelve months. The minimu interest rate on this loan will never be ltm than 9 • 9e and the maximum interest rate will never be greater than 1 S . n %. M Effective Dale of Chnages My new interest rate will befor a effective on each Change Pate. 1 will pay the amount of my new monthly payment be inning on the first monthly payment date after the Change Date until the amount of :ray monthly payment changes again. CF) Notice of Cktmges The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (7 the new interest rate on my loan as of the Change Date; (ti) the amount of my monthly payment following the Change Date; (ter) any additional matters which the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. IL CHARGES; LIFNS Uniform Covenant 4 of the Security Instrument is am'^a:d to read as follows: 4. C>srow Lkts. Borrower shall ,-say all fazes, assessmen!s, aid other charges, fines, and impositions at ributabte to the Property which may W— it priority over this Security Instrument., and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, if" paid in such manner, by Borrower nu Emg payment. what due, directly to the payee thereof. Borrower %hall oromtxly furtush I_rnder ail nod= of amounts due tinder this paragrzph, and in the event Borrower shall make payment directly, Borrower shat promptly furnish to Lender recripm evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; harerer, Harrower shall not be required to dixharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obfigstien::tuttd by such fien in the manner acceptable to Lender; (b) shall in good faith contest such lici by, or defend against enforcement of such Stn in, trod proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any pert thereof; or (c) shall secure from the holder of a-h Len an agreement in a form satisfactory to Lender subordinating such lien to this Sec>ydy instrument If under Jest n.iines that all or err y part of the P. operty is subject to a !ten which may attain a priorty over t "'s Security I art umeat, f.crider shall eve Borrower a notice identifying such lien. Borrower shall s,t-sfy such lien -1 :ate cne or .sere of the +.i set forth above within test days of the giv:: q of the notice. G NOf[C.:- thtjform Covenant 14 of [he oecnrity Ins•.rument is amendca; to rr^-d as follows: 14. Nocke. Exec" for any notice required tinder applicable taw to be given in another manner, (a) any noti_: to Borrower provided for in this Security Instrument shall be given by delivering it oc by mailing it b; first class msil to Borrower 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 seal Ac gi.en by first clan mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice prov:dcd for in this Security Instrument shall be deemed to bive been given to Borrower or Lender when givrn in the manner designated herein.