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ADJUSTABLE RATE RIDER 89-- 1045u ri
<br />(I YearTreasury index -Rate Caps) ,
<br />THIS ADJUSTABLE RATE RIDER ismade this 29 ._.dayof August_,
<br />and is incorporated into and shalt be dtttrneal to amend and supplement the Nfortgage, Deed of Trust, or Security Deed (tlte "Security
<br />Ingrate m,,) of the &attic date given by the undertillmd (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note) to HOME
<br />ttl . RAYING# A LOAN AILROCIAT)Ol! OF GRAND ISLAND, NEBRASKA (the "Lawler") of the same date and covering the
<br />property described in the Swurity instrument aid iacatad at:
<br />216 W. Phoenix, Grand Island, Nebreaslca
<br />(Property Address)
<br />Tags :halt coalow pervisNrs Aewbg for China Is my lateral raw OW try iaisalmy
<br />psyn"N. Tbb Nat elan Bolls flit somm 031 laurel rant can damp at stay ante tiw vial
<br />- aitii ti1i aiir{ t'�i "� :.le l i.rl jtsy. ,.
<br />! ADDITIONAL COVENANITS. to *A%tion to the covenants and agreement§ trade in the Security Instrument, Borrower and Lender
<br />fttcther covenanat sad a,�easfollosrs: .� � • .
<br />A. IN11MM RATE AND MONTHLY PAYMENT CHANGES -
<br />Tke Nate pc oa for on initial interest rate of 8.50 N. Section 4 of the Note provides for cu*'. S. &'the iritmtwxate and the,
<br />` monthly pathst�teatts. as follows: 4
<br />a. INTE iP-..l TT; eCND MO.'VTHLY PAVWENT CHANGES
<br />(A) CliaW[lawns
<br />The interest rate i oill pay may change on the first day of Septemhar —,19 qn and on that day every
<br />twelve mimths thereafter. Each date on which my interest rate could change is called a "Change Date."
<br />(a) TIMiallex
<br />Beginning with the*z, a Change Date, my interest rate will be based on an index. The "Index" is the weekly average yield onUnitt d Stag
<br />Treasury w- -urities adjusted to a commits maturity of I year. as made available by the Federal Reserve Board. The most recent Index figure
<br />availabieasof the dateM days bd`an -m& Change Date is called the "Current Index." f
<br />if the index is no *"We. the Note Holder will choose a new index-which is based upon comparable information. The Note•.. ,
<br />(iialder will give tote tsoHoe qf: tr�s.•.'disil^e. ,
<br />t� ifaiealalfaaatalles two and one /half
<br />aefexreweh Change Date, the mkt ifolder will calculate my new interest rate by adding per+ Bit
<br />points ( 2.5 ffs) to the Ctr:;.itst Index and rounding to the nearest l /Sth of 1%. subject to the limits stated in Section 4(D) below.
<br />This rounded am ou st will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal l am
<br />expected to we on that Change Date ire substantially equal payments by the maturi ty date at my crew interest rate. The result of this calculation
<br />will be the new amount of my monthly, -r Xwnt.
<br />W Lftails oa Ittlow I Path ti'IiasRtte : �}'{� ay�
<br />The interest rate VtiAim requi:ar2 ra pay at i�:ir first Change Date w-0 net be greater them � It3..51 :_ • ri or less s(ktats
<br />6.5r7 ra, The•rm'? er. my ixi ;e�rst rate will never be increased or decrease ��an any single Change ecrut tw_..�. D �� nt
<br />(2.0) from the rate of inheres lr4ve been paying for the preceding twelve months. The minimum interestt rate on tw,!W —v will never be
<br />S. .1sand the noilsimum interest rate will noer be greater than
<br />t'Ls " iJfidi +e R1atMiir�P�attNt+a
<br />My new interest r*wvk3 become effective on eAe 6(—hange Date. I will pay the amount of my new monthly wayment beginning on theffvt . . ,
<br />monthly dote a110 etc Ciwiiig i'34tte until t i; attiou :,t of ;uy monthly papr.c, change.: strain.
<br />Wk t!; ttlet of ti ba+sga .
<br />The %cte Holder w W trail or deliver to me a notice before each C :liange Bate. "i he notice µill advise me of:
<br />li) the new! it .,rest rate on my loan as of the change Date;
<br />t :i) the amount of my motithly.payment following the Change I)atc.
<br />Iniip any additional maitenjl A. -ich the Note Holder is «gr�red to diwla :•;, and
<br />IN). the address of the as*;MAV -on you could contact rep datg any yue9ftris al,o -alt the adjustment notice.
<br />L CHAR(WS. LIU*$
<br />Uniform Covenant 4 of Me 5ecur:Ay lnstrurnew is amended to tead as follows:
<br />4. C Mn a: Use. Borrower shall pay ad taxes, assessments. and other charges, fines, and impositions attributable to the Pre{ trey which may
<br />attain a priority over this Security Insiramen1, and leasehold payments of ground rents, if any, in the manner provided under wowarh Z hereof
<br />cc. if trot paid in such manner, by Borrower making payment, when due. directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to
<br />Lender teceipts 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 Burowa: (a) shall agree in writing to the payment of the
<br />obligation muted by such lien in the manner acceptable to Ltader. (b) shall in good faith contest such lien by. or defend against enforcement of
<br />mach liian in, legal proceeding.% which in the opinion of Lender operate to prevent the enforcerrsent of the lien or forfeiture of the Property or any
<br />part thereof; of (c) shall secure from the holder of swb lien an agreement In a firm satisfactciry to Lender subordinating such lien to this
<br />Siernrity lwnsatatai.
<br />It LeWkv dnermiaes that all or any Vert of the Ptoperty is subject to a lien which may attain a priority over this Security Instrument,
<br />(ender triton give Sorrowtt a tnvikv iuentifyitrg smh hire. &Nruvmv shwl.nri,ly such lrr, i t" itlkw v�re Of irt,.ie CA the wilons wt lv*.h abort;
<br />within ten days U the giving of the notice.
<br />C. %W K:L
<br />tlni ftwm ( of amm 14 of the Security Instrument is anttndcd to teed as follows.
<br />U. %&Wv. I'r -epi fm any notice required under appli.ahle law to be given ill another manner, (a) any trance to Mmoaet vio, ided for to this
<br />!eturtev fit %I invent halt hep -irn by deer eying it of by mailing it by first class matt to Mir to* cr at the Yriiperty Andrei. ur at SULh i,thtr addtrt.
<br />to Bctrrui.eI m-4y dnttnatt• 9y n(d,.e tai 1 ender m rfloak l lirrcIfi, aryl th) ahi fit itu a rt, I ender shall he git -n sty to st .la,. mail iLi I cndc-'••
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