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ADJUSTABLE RATE RIDER 104483
<br />(I Year Treasury lttdeit -Rate caps) $+
<br />THIS ADJUSTABLE RATERIDERismadethis 4th dsyof August .14 89
<br />mail is imorpmatied into and shall be detfoW to ah ad and Va0glkment the Mortgage, Deed of Trust. or Swurlty Died (the -Security
<br />last coo mt ") of the save date gives by the undttrt>ignad (the "Bortawer ") to secure Borrower's Adjustabk Rate Noce (the: "Note ") to iiaM
<br />MMMM MOM & LOAN Af MWTWM Of *"NO IMAND, NURASK-A (the "Lender ") of the same date and covering the
<br />property described in the Stewiry InKnuism turd coated sts
<br />224 South Sycamore, Grand Island, Nebraska
<br />(Properly Address)
<br />This we eeataiga prs+v efli mfr four cbm w i• am low" rate a" my • 16h
<br />payttsarits. Tfga tarots air NOW the a ns well a>y iatKM rate no erage at gray on ties saM
<br />air thus ■tiialme and ft tassheim rate 1 mm pour.
<br />ADDITIONAL COVENANTS. In addition to the coveauants and agreemmis trade in the Security Instrument, Borrower and Lender
<br />turther covenant andagree:as follows:
<br />A. INTERN RATE AND NONTHI.Y FAVMFNT CHANGES
<br />The Note linwidos for an initial imereat rate of i. Section 4 of the Note provides_ for changes in the interest rate and the
<br />monthly payments, as follows:
<br />.1. INTEREST RATE AND MONTHLY PA MEW CIfANGES
<br />(A) Cl aage Dan
<br />The interest rate I wiR•pay, may change on the firsi.,is y v: r __ September . 19 r3Q . and on that day every
<br />ttiti:1.1 -a- ' rt�4&b3 thereafter. Each date on,wftich my interest rate could charge is called. ft "r hati�o I to"
<br />m Ttell�aI... ,... . .
<br />Begiartitljwith,ti(ad *,C,'hanpe Date. my interest ratewill be based on an Inde -L Tha"tndeit: J0t1ti weeitix
<br />v.)kw.4c yield on United States
<br />Treauny secuiitks adjust W' to a o:ortatantt maturity of l year, as made available by the_ J €ei}vsl,. Ax&ve Boar& T1 most recent index figure
<br />available as irf:` be date 4S days before each Change Date is called the "Current Rude*"-, .
<br />if the, ftilft is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />HaWet wilt *sauce of this choice.
<br />Berl lq. `.�erisiWoa � •
<br />hatyt`IAiY4. the Note Nobler codl ci ti a my rttw interest rate by adding *hreg nnri ---/half percentage
<br />WWII s • �' C _ !ri) to the Current index and rouiding to the crmrest I /Sts of lei, subject to the limits stated in Section 4(D) below.
<br />Pbitt rounded amount will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount. at the monthly payment that would be sufficient to repay in full the principal I am
<br />rstpected to owe on that Change Date in substantially cq!r payments by the maturity date it my new interest rate. The result of this calculation
<br />will be the new amount of my monthly payment.
<br />(D) . Lim* w Ink Race Changes
<br />71k. titt2 tat rate 1 am required to pay at for tint Change ' fate will not be grtuc.c than - -. -13.5. _ ni or less than
<br />IN. Tercets fter. my interest rate will acivr tv increased or decreased ors any single Change Date by more than .tyiD.,pggr,,ec, it
<br />frcxrr the rxe of interest 1 have been (wyiag fr, r r „to.; 7eceding twelve rvrx }? s, The minimum interest rate on this loan will never bi ,
<br />less than _ .%and the maximum interest rare wiVxr +espie greater than
<br />_.
<br />(RD Elfeedvt Date of Cflrow$
<br />My new interest rate will become effective on each Change pate. I will pay the-m w,:uru vi ay :ew monthly payment beginning on the firs^
<br />- anotnhly payment date after the Change Date until the 4nt.:tini of my monthly payrrwt:c -*44es ag;C,__ ;
<br />(F) Notice of Clttaagea
<br />The Note Holder will mail or deliver tome a notice before each C'hinge Date. The nGt.ce
<br />(i) the new interest rate on my luan as of Vlz Change Date;
<br />(ii) the amount of my monthly payment ti;ITrtwing the Change (late;
<br />(lilt any additional matters which the Noce Hoiden is required todisclosr.�,. rrtd
<br />(iv) the address of the association you could contact regarding any questtcrs about the adjustment notice.
<br />■. CHARGES; LiENS
<br />Uniform Covenant 4 of the Security Instrument is artmettW to read as follows:
<br />4. Cb@Ms; Liam Borrower shall pay all taxes. asseilmran. and other charges. fines, and impositions attributable to the Property which may
<br />attains, priority over this Security Instrument, and leaschuld payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or. if on paid In such manner, by Borrower mating payment, when due, directly to the payee thereof. Burrower shali promptly furnish Lender
<br />an notices or amounts due under this paragraph. and in the event Borrower shall mate payment directly. Borrower shall promptly furnish to
<br />Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument;
<br />however. Borrower shall not be required to discharge any such lien so long as Borrower: fa► shall agree in writing to the payment of the
<br />obligation secured by such lien in the manner acceptable to Lender; (b) shall in goad faith contest such lien by. or defend against enforcement of
<br />rtNdl lieu in. legal proceedings which in the opinion of Lender operate to pre %ent the enforcement of the lien or forfeiture of the Property or any
<br />Met thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to lender subordinating such lien to this
<br />Security instrwnent.
<br />If Lerdet determines that all or any part of the property es subject to a lien which may attain a priority over this Security Instrument,
<br />:L-3 =i -e 8enc:xr a se:icc 3 n.;i €Jiro iuiLh lies. dviIo -cr ,hail sati,fy Such lien or take one or more of the salons set runh above
<br />wiilkin ten days of the gi-ving of the notice.
<br />C. Mlffi 1K ,
<br />UniformCtsvettartt 14 of the%ccunty instrument is amended to read as follows:
<br />14. Mada Etcept for any nuttse required under appltiable law to be gt;cn in another manner, (a) any nutter to olinower plusiscd tot in this
<br />Sa:uttty instrument shall be given by del o,ertng at or by rttadmg:t by first class matt to Borrower at the Vromrty Address rte at ouch other addre,s
<br />as Burruvver may &-iq ttate by notice to lender as plut-ldcd fhcretn, and IN any ruder to Lender shall be gain tiv fir-,t t.laac inml to 1 cndrr'c
<br />a0drerssratc4 hrtetn e r re.suLh t :ffrt addresses l.crtdrr m,�ydeo�gt�are Fi rat Lt a rte lktrrtfweras pretvt ltd F.eretn • ni, s:ott, a V*o%AW, fog to tl:.�
<br />4k-uunty Instrument omit hedctrttcd►r, hale Ufa given to ftf:rt::Frr :•r I mci;r ti.hrtt Fl.'m ;nif:c marairt dr, t :.trr.l hr c:n
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