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4ROJUSTABLE RATE RIDEM 0.1 06402 (1 Year Treasury index•Rate Capri 29th October ,39 THIS ADJUSTABLE RATE RIDER N made this day of std is Incorporated into and shall be deemed to amend and suppktnent the Mortgage. Deed of Trust. or Security DDeed (the "Security twavom ") of tht same date g(vta by the undee*m d (the "Borrower') to secure Borrower's Adjustable Rate Note (the "Note "Ito IOYS UDEM t'WM0* R LOAN A83t)CIATHM OF G MD ISLAND, HEBAAleKA (the "Lender ") of the same date and cavcdug the fit- ° -- — property dam'bed in the Security instrument and located at: 3931 Dover Ct.. Grand Island, NE 68803 ( Ptoperty Add rew) lu mote costalas ttrovisbta allowNg for cAtaages la say Ntenest into am silly am t* Paymate. TAN note also lindlis ft r meat my Intemsf rs:tr can change: at a" (ruse lino* and atw tfie roWrxnnt attdA the tnttrJmntta cep A (,trust: (l(lu'- AJ?i MIDNAL COVENANTS. in addition to the covenants and MM- — lrresiz; in:,rie irr the Swat' Y Iusirumcnt, Borrower � l r.��r f if trcovenant:andmumasitrlll?.+ss A. AIN•AVt>6S`A' IAAAIM AND W410'l9[iL4t 1PEAiYME NT CHA.N rG IS The dip . pwAdes roc an itaagalt im=Wm rMe of l2.25 %. Section 4 of tht Note provides for changes in the irstterest sate and the mantply pup -Marta -, as follows: 4. nv7TiRF r RATB AND MONTHLY PAYMENT CHANGES (A) CIMP Data The interat rate l will pay may change on the first day of ik+r c mhPr 1 .19 _91— . and on that day every 12 _ months thereafter. Each date on which my interest rate could change h called a "Change Date." (.) ■ W ladvit Begiardng with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly aveatgc yield on United States Treasury securities adjusted to a constant maturity of 1 year. as made available by the i:ederal Reserve Board. The most recent Index figure available as of the date 43 days before each Change Date is called the "Current index." If the Index h no loam available. the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (s) CakaiatlaaetCIRNW, percentage Before each Change Date. the Note Holder will calculate my new interest rate by adding thr� °� heal€ _ Points ( 3.5 %) to the Current Index and rounding to the nearest i /Sth of I%, subject to the limits stated in Section 4(D) below. Thb rounded amount will be my new interest rue until the next Change Date- The that would be sufficient to repay in full the principal 1 am The Note Holder will then determine the amount of the monthly payment expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest sate. The result of this calculation Y in tie the new amount of MY monthly payment. (D) Units as latend Rate tAamrs 13.25 % or less than 1U interest rate I am required to pay at the first Change Date will not be greater than 9i. Tbereafter. my interest rate will never be increased or decreased on any single Change Date by more than MRCXt 1t W noiltt9 from the rate of interest 1 have been paying for the preceding tweh-e months. The minimum interest rate on this loan will never be less than 2.0 9r and the maximum iterest rate will never be greater than _ 16.0 tb. (E) Ekew2veAnte of CYaaga My new interest rate wilt beoome effective on each Change Nate. l will pay the amount of ray new montbiy payment beginning on the first monthly paymat2 date after the Change Date until the amount of my monthly payment changes again. (t) Ko9ee o! CYaagcs The Note Holder will mail or deliver to me a notice before each Change Date- The notice will advise me of: (1) the new interest rate on my loan as of the Change Date; (u) the amount of my monthly payment following the Change Date; (tit) any additional matters which the Note Holder is required, to dW— ose; and (W) the address of the association you could contact regardin_a wW questions about the adjustment notice. IL CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charger Una+. Borrower shall pay all taxes, assessments. and other charges, fines. and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold payments of ground rcnts, if any. in the manner provided under paragraph 2 hereof or, if not paid in such mariner. by Borrower making payment, when due. directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts due under this paragraph. and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Lender teoeipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however. Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the 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 such lien in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security instrument. If Leader determines that all or any part of the Property is subject to a lien which may attain a priority over this Security instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten dabs of thegiving of the notice. C. [V[QlL7IIC[E Uniform Cove —wit t ll4of the Security Instrument is amLnda ej_ nMf W 6c1)G7ws: 14. tNaiSm. Lvv�, EdT any notice required ureter appiicaE','= Ldw 031 f ?c Plat ,:m uother manner. (a) any notice to Borrawez prc: -fded for im Oil. Sdr,>riLyj rm�—r. at d^kl a given by delive AS is a's by (,sailing t YZy fmt dassr, sti to Borrower at the Vrop=Tj.: /+�:ri•tss of at arch dither r�i i ces� .as Sarrowrtar ULT C z7g n t t + antice to Lev.5s: as irevide : qer ( iii any actice to Lender shall be f_ u L s Cast :'trait to Lc�vl' ad& ass =I(.,i�encrrj, such,t tizeradcfrea ,ss.:,C,�i+1ei =5 "13�gna "•e bynti:izrniid�:rrame:a; prat- idedLm #jn_?n}r�x6xpns��aifa iS�Fns, Sectdritg l;cst^.:Tf.^Trshall Ue•,1u:,sied ao [ ^��e r:�giFen r4� gror. aweT as 1. °n8:r wL:stgi��„ is *.� =e manner ii_sipnates. w.��-eir_ 4 {q w jW:i:l.• - ,. -; .• - ; 3, 4