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1 • <br />ADJUS'T'ABLE" RATE RIDER i` 0�si = <br />(I Year Treasury Index- RateCaps) <br />THiS ADJUSTABLE RATE RIDER ismadethis ��. day of _ August 19 `�= _____= <br />and is incorporated into and shall be deemed to amend and supplement the Mortga ;e, Deed of Trust, or Security Deed (the "Seidrfiy <br />! Imstrument.") of the same date given by the undersigned (the "Borrower ") to secure Borrow*'s Aclaystable Rate Note (the "Note ") to HOME <br />i ffpM . SA%NQS &. LOAN ASS20ATI0N OF GRAND ISLAND, NEBRASKA (the "Cs ardgr "} of the same date and covering the <br />property described in the Security Imtrument and located at_ <br />R. R. # 1, Box ,.302, Doniphan,1;l)'�a <br />(Fropet�ess) <br />Ste[ tote iosinliia proddotta a/ewittg for el alles to my interest rate and my monthly <br />ptti- iiteab. Tbb hole sbo limits the ntaoaat lay interest me can change at any one tli a and <br />adss the atlalatass and The maxi tuts five I SHM pay. <br />ADDITIONAL COVENANTS, in addition to the covenants and agreements made in the Security Instrument, Borrower and Lender <br />further covenant and agree as follows: <br />A. INTUEST RATE AND MONTHLY I AYMEINT CHANGES <br />The Note provider for an initial interest rate of 12.0 _ - °i. Section 4 of the Note provides for changes in the interest rate and the <br />monthly payments, as follows: <br />4. INTEREST RATE AND MONTHL Y PAYMENT CHANGES <br />(A) Chun Dates <br />The interest rate 1 will pay may change on the first day of Sa to .pmiir , , t9 gn . and on that day every <br />twelula _. months thereafter. Each date on which my interest rate could change is called a "Change Date." <br />(1<) 'i'be Ittltlat �' <br />Beginning with the fast Change Date, my interest rate will be Erased on art Index. The "irWW' is the weekly average yield on Val Cr• <br />Treasury securities adjar.ai.to a constant maturity of i year, as rr4Jr,- vvailable by the Federal Reserve Board. The most matt <br />available art >�gthe date 45 days before each Change Date is called the "Qrirent Index." <br />If UWt 19tt' -kx is no longer available, the Note Holder will i hr_ ,-rrc a new index which is becsf upon comparable infori�til, °Tft& IF+= <br />Holder wit jix cc <br />me notice of this choice. <br />// of <br />Before each Change date, the Note Holder will calculate my rrecintertst rate by adding f our percentage <br />points e A .fJ hi) to the Current Index and rounding t3 U.; nearest 1/8th of Ire. subly l to the limits stzttd in Section 4(D) below. <br />This rounded amount wiif be my new interest rate until the ner i t a-ge Date. <br />Ile Note Holder w.% then determine the amount. a£'ti : t;aay''tly paymr fit. that would be sufficient to n';rsy in full the principal 1 run,. <br />expected to owe on that Change Date in substantially equal paymiav;r tiv the maturity date at my new interest rate. The result of this caku' W.Iaa. <br />will be thef5re+ev amount of my monthly payment. <br />(Et) fi.iiWN on latereat Rale Claagea <br />The Ott rest rate .> am required to pay at the first Change Date will not be greater than 14 _e7, or eess Ovn <br />Ire. f'hem:rfter, my interest rate will never be increased or decreased on any single Change bate by more than tw,- F ercent <br />.,.., , . L orh the rateof interest f have been paying for the preceding twelve months. The minimum interest rate on this loan wiJ never be <br />less than and the maximum interest rate will never he greater than <br />(E) dEntedve Date of Cbuwft <br />My new interest rate will become effective on each Change Date. l will pay Ilw amount of my new monthly pityment beg nning on the fist. <br />monthly &V/Tent date after the Change Date until the amount of my monthly (rs5; cent changes again. <br />01, . 'Notice of cbavre <br />T'T✓r.-Nk to Holder will mail or deliver to mea notice before The notice will advise me of: <br />(i) the new interest rate on my loan as of the Change l:r' : <br />(ii) the amount of my monthly payment following the `_lip : :r - ux:ir <br />+.iii) any additional matters which the Note Holder is re,y,ig. .' : ^cc; and <br />r :iv) the address of the association you could contact regardinganyq. r; itions about the adjustment notice. <br />D. CHARGF-ti%; LIENS <br />Uniform Covenant 4 of theSecurily Instrument is amended to read as follows: <br />4. turf"; Lit". Borrower shall pay all Faxes, assessments, and other charges, fines. and impositions attributable to the Property which may <br />attains priority over this Security Instrura. -nt, and leasehold payments of ground refits, if any. in the manner provided under paragraph 2 hereof <br />or, if not paid in such manner. by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Wider <br />all notices of amounts due under this paragraph, and in the eient Borrower shall make payment directly. Borrower shall promptly furnish to <br />Lender receipts evidencing such payments. Borrower shali promptly discharge any lien whi:h has priority over this Security instrument; <br />however, Borrower shall not N required to discharge any su:h lien so long as Borrower: (a) shall agtes iw%%riting to the payment of the <br />obligation secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of <br />mach lien in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of tilt litn or fisffeiture of the Properly or any <br />19Mr'.ttcreof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to L.crdt., a�:bordinating such lien to this <br />..�yR'.urjlty'.t�rttitumcnl. <br />1:!! l kYi:er determines that all or any part of the Property is uttject to a lien which ntay attain a priority over this ';(ct>_3irA. l.r : :r�rixnt, <br />Lender sham give Borrower a novice identifying such lien. Borrower shall satisfy; such lien or take one or more of the act.orr, tl.: o.lit uat <br />within trn day; of tie f iv'ing of the notice. <br />LC. N01110E <br />UniformCuvet :ant 14 of theSeiutity lusaument r. amended to read as flriinwv <br />14. Veat}ta. i•f..�nt (of any,v.ln v f w.f(',r umj!. �..rt, : :�h[u !w-W e.. hr r ,... ^late! n: , , a•• ° t' er )`- .Ideal 1•n n: eht. <br />_, . „y ..,�,. . given I}t .. ....... t;.f 9:f} nc ... .t li :eft :su <br />st,wilty (nsituincat [hail be gi%erl by deilcclltlg it air hq fliathng it fry NO cla -i; trail to Itor tu'.%^_r a! the 11ruperiv Addrev, ill at su, h other uddrea <br />as gvrti•++et ntn, dtcignAte by nuu•_e to 1 ea her as p :inla"d h;ieitt, and Ibt it :y nh'r Fir {ender .ha!i tic given 1 +v frt,t eta- wait tit t codrt', <br />a lilrc. ; etatml tirrvin or io vi, hr,:ttrr acldreii w.I ender my dtaf'f:,;r; fly ntitr,e ti) , •injdc,l fief[ n NIfi. e"n't :l,,•..• :di:d fo: lie lt,. <br />',r:tcr:t , fr otalr7ilt 0;.D ier d(efi'A L. fiat:' f1tCt18,6( ::1 !U Itf .; !l)i4t•r .d t fti',[(' :t 't ' fit l:rr.rt .t: •��': �:,[ 4•,ICIi <br />titw <br />