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ra f MMUSTMLE RATE RIDER 104354 0 Year Treasury Index -Rate Caps) g9� THIS ADJUSTABLE RATE RIDER is made this Sthday of August 19-89 89 and is hxorpotratrd into acrd shall be decreed to &=W and supplement the Mongw, Deed of Trust, or Security Dad (the "Security Inst n mm ") oli the same date peen by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to HOPE F DMM IAVIMOB A LOAN A3500AT1ON OF 0 W&A-WO 1190 l - Ki1(the "Lender ") of the sanse date and covering the propert)r detetibed iiti rite Security !;?tstrutttent !tad locatett at: 103 1t'iee Street, Aida, Nel atska 68810 (Property Address) _- T)riat ttatti tytwtlar pwokfaaa, aloft tttg for chow in tray burnt tare Wd tttt>r ttttartitit Nye- This nNs An KnIP3 411ta ttMtsaaat oy inleeaN note M cbmir at rap axe tlaae waiv:, aM the tntialatana ttM the sasaiatts rata I torts(' Inn. ADDITIONAL COVENAMS. In addition to the covenants and agreements made in the Security Instrumst�t titrOW covenant sad agree a►s follows: `. A. INTERM IRAIR AND MOh7'tf X PILY li NT CHANGES The Nate for an issitial interest rate of Sri. Section 4 of the Note rovides for chat in the int prm'� P tap ei�t monthly payments. as fdllurrg: ` 4: /NTERaT RA11r AND MONTHLY PAYMi .. - ,%4NOES:: - • , (A) Chmp Osten The itxerestt rase 1 will pay may change as the first day of SeRtlElnber Ig 90 antf tr t 4ay ever+ upl up tnihA thereafter- Fach date on which my interest rate could` d=Vis called a "Change Mte:" (5) The lade t Beshinive with the tt wi thartse Date. my Interest rate will be based on an Index. The "index" is the weekly average yield on United Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal liteserve Board. The most recent Index ft uric : ` ' .atvailable as of Hie date 43 days before each Change Date is called the "Current Index." r If the Index is no Iona available. the Note fff;& [!..will choose a new index which is based upon comps>:d, information. Tire Note kicllc er will give tae notice of this choice. (C) cakaUtlaa of CttattBea Btforraw*C4taase Dtue, the Note Wder will cat;; r my nsi w interest rate by adding three and noe/Half percentage 'points i^ 3.5 eNt) to the Cunif:nt Index anti rummy ns to'dn nearest 1 /8th of I Pa. subject to the limits -uiOed in Section 4(D) below. This rounded awmat willl$ my new intetmt rate unta f t ortt Change pate. The Note holder wilt fin determt� the amount of the monthly payment that would be sufficient to repay in full the principal 1 am expected to ow: on that CbmW Date in m b siaritially equal payments by the maturity date at my new interest rate. The result of this calculation will be the lac:ti•:oiimkit of iii monthly pir�.—eis.; (D) l.Jnitt wet IaMtr!seImate crania The igtereu rate 1 Arn required to pay 4;.'d W. "first Change Date will not be greater than or less than 9S5 t91/. Thereafter. my interesr -rii_ sc,.;Y vr�er be increased or decreased on any single Change Date by more than two percent .rem the rate of Interest l iris °•mlt. less than g • 0 x94 and the max: trot .•15>' rate will never be greater than 16.0 qi • (F) Elfeefive Date N ChattDes ; My new interest rate will become effective on exrr i hangc Date. l will pay the amount of my new monthly ptiyntent beginning on the first monthly payment date after the Change f� =: until the amount of my monthly payment changes again. (H NMfreof(Amon The Note Holderwili;.tttaii or deliver to the a notice L-9efore each Change Date. T he notice will advise me of (i) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Date; ftii} any additional matters which the Note Holder is required to disclose; and (w) the address of the assodulon you could contact regarding any questions about t lic adjustment notice. IL CHARGES; IWWS Uniform Comamt 4 of the Security Instrument is anavgcd to read as follows: d. C o lm, LI Man. Borrower shall pay sit taxes, assessments, and other charges, fines, attributable to the Prol;,rxty: which may attain aptiuc ty over this Security Insir;;ct*nt, and leasehold payments of ground rents. if any, 0, tt.'emunner prey4od under parrr:aplt 2 hereof . or, if not paid in such mama, by lkrrower making payment, when due, directly to the payee therkil.,'i'i4,"ow•.r,• ,uJariil promptly furnish Lender W aciis of mowe due under this paragraph. and in the event I3acowcr shall snake payment diaullp. l3oitawrr stall promptly furnish to lender receipts evidencing such payments. Borrower shall promptly diwharge any lien which has priority over this Security instrument: hown-et. Borrower shall nos be required to discharge any such lien au tong as Borrower: (a) shall agree in writing to the. payment of the obliphm secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of . such thin i.rr.legal proceedings which in the opinion of Lender operate to prevent the enforcement of the.lien or forfeiture of the Property or any pact thereof; or (c) shall secure trop[ the holder of such lien an agreetnettt in a form satisfactory to Lender subordinating such lien to this 'Saewity instruirwril. if Lander determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument. Larder shah give Borrower a tarries Wmifyina such Wm. Borrower shall satisfy such lien or take one or more of the actions set forth above _ within ten days of the giving of the notice. C. NOTICE Uniform Covenant Hof the Stfculity Instrument is amended to read as follows: R. Nolilce. Fuept for any notice required under applw2ble law to t`e given rat another rt armor. (at any notice to Itotro%cr proeided for in this Security Instrument shtil be gi%rn by delivering it or by mailing it by first class mail. to Battower at the Properiy .Adders or at su.It ether address ai tbtrurtr MAY de.titiate by nf:tt :e ru 1 ruder as tx+r ded henity. anti Of any notice to Lender =half be gi;cn by first ciz ;s mail to t cndcr'c adtirtssssatedtercinotsnsu; het' trraddi:;sasLcrrlcrtitaydcy,gn, etch; rt+; ucetc�lt .nrouesa.t`t.-. :`dc�if:c•r,�n 1t t. «�.s,�et'y +��rdc+ty•� :.uttsi� Sn :urimy Initrurr -ens theft be cicetned to have been gse en so Boo rr,eer +:t I cst lrr ohc is r. r.cn vi flit rn nitc• dry,. nstcd hcrcni