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1! 1 •,ai, ADJUSTABLE RATE RIDER 90-106641 (I Yeu Treasury Index -Rate Cap.'s) THIS ADJUSTABLD RATE RIDER ism &dethis 20 dsyof ._.,. Nnuember Ii) , and is irKwporeted into and &lull be denied to amend and supplement the Mortgage. Deed of Trust, or Secudiv Peed (the "Fiftulity Imuumt:ot") of the sesame date given by the undersi=.ned (the "Borrower ") to wute Batrower's Adjustable Rae Note (the "Note ") to HOME Fret gAL lIAVINOi ih LOAN A>1SOCIATION OF 001AND ISLAND,- NEIRUKk(the "Lender•') of the same date and covering the property described In the Security Instrument and located at: 1631 E. Capital and 811 West Louise• Grand Island, Nebraska 68801 (Property Address) Thies sees contains Providaa Wowing for Chsttse& U lay lateral rate sad my asoatisly Mymata, TMs Note W o limits file awsaat my fatrrest me «g Chasse at any orte these and oleo the imish am aM the ttmalattm rate 1 must pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrawer and Lender further covetsaat and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 8.0 7i. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4, IPMREST RATE AND MONTHLY PAYMENT CHANGES (A) Ratite Daers The interest rate: l will pay may d)ange on the first day of Qecembej: '1991 , and on that day every 1aptVp mandistho=11-er. Eadi date on which my interest rate could. chajigels called a "Change Date." (a) The Indus, Beginning with the first.Glaugse Date, - my inecmt rate will be based on an ladex, tint "Index" is the weekly average yield on United States Treasury securities adjusirei'.1i?.r4,=hrA:=turlty of I year, as made available by the Federal Reserve Board. The most recent Index figure available as of the dais d5 tWss ` eiore each (Change Date is called the "Current Index." If the Index is.rm Yaeger available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder win give me==- of this choice. . (C) CalesthUom of Charges Wore each Change Date, the Nose Holder will calculate my new interest rate by adding t•,•,^ Anil nno_hal f percentage points :r !ri) to the Current Index and rounding to the nearest 1 /Sth of ION, subiaz to the Limits slated in Section 4(D) below. This rounded amount lyM be my new interest rate un^ul .:be next Change Date. The Note Holder v,3] then determine the amoumz of the monthly payment that would be sufficient to repay in full the principal 1 am expected to owe on that Charge 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) tlwU.wwTwa!i*�>Zatrr�rnae+ The interest rate f am required to pay at the first Change Date will not be gzeazer than 1171 - 171 Se or less than re. Tc:eafter, my interest rate will never be increased or decreased on any simgla Change Date by more than two 13er cent from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than 6 . n % and the maximum interest rate will never be greater than 13.0 cro. (E) EffecUve Date o(Chaages My new interest raie. will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date m to the Change Date until the amount of my monthly payment o`.tanges again. (;) Notice of Chas es The Note Holder will tn,st or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new itterest rate on my loan as of the Change Date; (ii) the amounto5 my monthly payment following the change lute, (iii) any additional matters which the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any ques:ions about the adjustment notice. B. CHARGES; LEENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charges; Liens. Borrower shall pay all tares, 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 all notices of amounts due under this par'agr'aph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to (ender 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 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 Lender determines that all or any part of the Property 1s subject to a lien which may attain a pnority over this Security Instrument, Lender shall give Borrower a notice identifvmg 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 Covenant 14 of the Security Instrument is amended to read as follows: 14. Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by first class mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when Given in the manner designated herein.