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ADJUS it ABLE RATE RIDER 9O-"1 Q (I Year TwAsuty Index-Rate Caps) THIS ADJUSTABLE RATE RIVER is made this 71h day of Nnvpmhgr . 19 On and is incorporated into and shall be domed to amend and supplement the Mortgage. Deed of Trust. or Security Deed (the "Security instrument ") of the same date given by the undersigned (the "Rorrower ") to secure Borrowers Adjustable Rate Note (the "Note") to HOME FFDEiiA4 SAYINtIS A LOAN ASSOCIATiQN a GRAND ISLAND. NEaRA13}tA (the "Lender ") of the same date and covering the property described In the Security lnstfurrtent and located at: 4306 ld 13th Grand Island, NE 68803 — (Pt perty Address) Thera sole cantsina pwThoa r alfortift for dava" to my intertst ate sad MY aaoatlly maseatr. This ,tare also limits, the aatvial trey iaterest ate can change at say one time and abo the tatraGmntat aua! Cie naatdaaa ate 1 moat pay. ADDITIONAL COVENAN'T'S, to addition to the covenants and agreements trade in the Security Instrument., Borrower and Lender farther coven= andl ate as follows: A. N.NMM MA"N AND MONTHLY PAYMENT CHANGES The NQW Ilcosid4zt, En an initial interest rate of t T 0 elo. Section 4 of the Note provides for changes in the interest rate sad the monthly paymmutemu railows: 1. PAfi' MT RATE AND I fGNTHL Y PAVML' T Cf-1AKCr.S (AU', Change Date 1(iCv: interest ate 1 win pay temp, Jilinge on the 0i sr tins., of: I-- .and ors t brit. qty e+ cry t.. ,os *- MID ntbsdterraller.Eachd4ir, J taliudsmy•i:, Me: Wit.1 .1:rtid',AW6<:ix(zaz14, "A awl) & i.e. (D) 7bte lades Beginning with the first Change Date, my iM.Mrsr Two will be based on an inftex. the "Index" is ,fie weehlti a%[.'TW yield on United States Treasury securities ad iiszed to a constant maturity •vf 1 year, as made available by the Fcdaal Rcmrve Board, The most recent Index figure availal le as of the daze45 days before each Change Date is called the "C'urrrnt Index." 16 the Ind,= is no longer available. the Note Hotdxr will choose a new Sndtit which is based upon comparable information. The Note HoIdr, willgivemenotice of this choice. (C) Calcalatioa of chairs Before each Change Date, the Note Holder will calculate my new interest rate by adding percentage pests ( 3.5 4e.,) to the Current Index and rounding to the nearest 1 /8th of 1r*. subject to the limits SQU in Section 4(D) below. ibis rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be suffident to repay in fun the principal 1 am expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. (D) Limits on Isterest Rate ChaWs „ ri or less than 9 interest rate i am required to pay at the fint Change Date will not be grater than }3;v -- Two Pert nt �_9s. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than 2% from the rate of interest 1 have been paying for the preceding twelve months. The minimum interest rate on this loan will never be loss than 9.0 r• and the maximum interest rate will never be grater than _16.0n. (E) Effective Date of Changes My new interest rate will become effective on each Change Irate. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (E) Notice of Chmigea The Note Holder will mail or deliver to me a notice before each Change Irate. The 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; (W) any additional matters which the Note Holder is required to disclose; and (v) the address of the association you could contact regarding any questions about the adjustment notice. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charge; Liras. 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 rents, if any. in the manner provided under paragraph 2 hereof or. if not paid in such manner, by Borrower making payment. when due, directly to the payee thereof. Borrower shall promptly furnish Lender an notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts 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 tong 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 Lender 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 days of the giving of the notice. C. NOTICE Uniform Covc -amna: l �• cE the �ecuriit: Gnstrurtrere 1; ssnr_�7:e�c�s n.;,5i;�: fulCan•5,_ , i i fi Notice. Except for any ssoai�:e reuired u inferplraaI a la :.� rr.l v- �4 n i;2:�7 r tier manner, (a) any notice to Burrs <xr n iiird'.fnr itr this • r.scsu t at3er address Somirity instrument shall be g�e lsy..t rI;}iJ:�a nz i :o Borrower at the Property Ad&m s a as Borrower may designate by riclum to Lender is provided liar in.. aad bbl a' v notice to Lender shall he given by first ct'ass mritf 03 Lender's address stated herein or to such other address as I -Loden may designate by notice itr Borrower as provided herein. Any notice provided for in this Security instrument shall he deemed to have been given to Borrower or Lender when given in the manner designared herein.