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<br />ADJUSTABLE RATE RIDER 90--1 a G 7 a
<br />(1 Year Treasury Index-Rate Caps)
<br />• THIS ADJUSTABLE RATE RIDER is made this — 20th day of _1110. nmhQr _ _..__.19 _go __,
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security
<br />Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to P"
<br />FEDERAL SAYINGS A LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the sans; date and covering the
<br />property described in the security Instrument and located at:
<br />2917 N. Webb Rd. Grand Island, Ne 68803
<br />(Property Address)
<br />Thb note contains provisions allotriag for changes in toy Interest ate sad my moathty
<br />psymeab. This note also limits the amount sty interest ate can change at qtly oat time and
<br />also the minimum and ;the tr allmum rate I must pay.
<br />AfJ')TIlLGNAL C0VlFNJa!N75. tlr: o. *venaau :s and agreements made in the Secutity Instrument, Borrower and LcM.-i
<br />3t- n:.rcoveoaar,tuzd Wee asI- rags:
<br />A. iNTkRR ST ip.( -M AND MOIN-L•T.ORIY 1?A1MhE%T (ZMiAMA;�._
<br />The Note ptvti % y: all imi;iral -iwe sq raw, of the Note provides for changes in the interest rare and the
<br />cr,mthly paymen, r, w f.i.7r ws.
<br />4. INTEREST It S 1' = 4.�Z^ yYD : \'TaT?Z k' P.9'� :44��'T Ch:4 ti L
<br />(A) Chamge;Dates
<br />The interest rate x will, Fa) may thattge on tree tivst day of _ T)Qct . fir , 19 !91 — . and on that day every
<br />twe t ye mans hstltarrasier. Each date on which my interest rate rLw :d change is called a "Change Date."
<br />(B) The Itatyett
<br />Beginoing with the East 2ranSr slate, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States
<br />Treasury securities a4iusted to a constant maturity of 1 year. as made available by the Fed", Reserve Board. The most recent Index figure
<br />available as of the daze 45 days Wore each Change Date is called the "Current Index."
<br />if the Index is no lopgw available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />UsAet will give me notice of ibis ch -aice.
<br />(C) CaltaktienolC111"Res :
<br />Before eacb Charge ft w. the vote Halfia. will calculate my new interest. r -w: !�,y adding three and one half percentage
<br />points ( 3.5 Pap to the Cunent•lna n and rounding to the =6:v. t/Rh of 1 Co. subject to the limits stated in Section 4(D) below.
<br />This rounded arnourt wilt be tutu now interest rare until the next Change ]rate,
<br />The Note Holder will then de`:rmine the amount of the monthly payment that would be sufficient to repay in full the principal f am
<br />expected to owe eon that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation
<br />will be the new arnoant of my monthly payment.
<br />(D) Limits on Interest Rate Changes
<br />The interest rate I am required to pay at the first Change Date will not be greater than 1_3 . Q_ ra or less than
<br />9.o Thereafter, my interest rate will never be increased or decreased on any seagle Change Date by more than two percent
<br />from the rate of interest 1 have been paying for t1he ^receding twelve months. The minimum interest rate on this loan will never be
<br />less than 9.0 e/•o and the maximum interest rate will never be greater than 16.0 al,
<br />(E) Effective Date of Changes
<br />My new interest rate will, heoome effectty :.ten each Charzee Date. i will pa. • 4ite a- rasr :t of my new monthly payment beginning on the first
<br />monthly payment date after the Cl=e irate until the amount o5 sty monthly pa)r —=c[iM -)- s again.
<br />(bl Netk a of Changes
<br />The
<br />Now I{Ltioftr Wilt n:a %or deliver tome a notice before each Change dare. Tatenoiice %02 advise me of:
<br />(it, &mrzew interest rate on my loan as of the Change Date;
<br />(ii) _be amount of my monthly pa)Tnent following the Change Date:
<br />(iii) any addi6anv naiiers which the Note Holder is required to dis: ase: anal
<br />(iv) the address ott1a: association you could comac ::egardinganp.busnOsabiut :`e adjustment notice.
<br />B. CHARGE'S: LIENS
<br />Uniform Covenant 4 of the Security Instrument isamended to :ead.as follows:
<br />I.
<br />46 Charges; /Jets. Borrower shag pay all taxes, a sessmestc, and ouar charges.. fmvs. axd, imp vsr5, ns attributable to the Property which may
<br />amain a priority over this Security instrument, and (easeh z `.t pa)Tnen:s of grot:rd.erts, if any. it :hr manner provided under paragraph 2 hereof
<br />or, if not paid Ea:9,=h manner, by Borrower making ^a},:.en-. whet: due, dl--= y to the payee zh6mf- Secrawer shall promptly furnish Lender
<br />all notices of a-wimis due under this paragraphj, aril! in : eve: 2JrrIcis; : stall Waite pa)r:rtcnt direzig, wrrower shall promptly furnish to
<br />Lender re>+sprs ewWbrtcing such payments. *141 pTomnZy 1 isaha g ant• Lien w•tt:ct tars peitc +y� cver this Security Instrument;
<br />however, Barn: :der shalt not tie re.7uirei r,a• _ sz!: ;arge sz,s •let.. P_-T, s,-. long; a,. $rro ?wee_ (a) snal1) .miner ;,r: arting to the payment of the
<br />obligation secu:ddby such Lieu - ..u?r- c1 :�p.GrT. °_ Lj :2ra' :.�Le j:'..'.= •�_auin g ti :c,. r::,;_: 5'; e.. C,E. ,• :, :_. °ett.iagainctcnforcrment of
<br />such lien in, legal prpceesi.w)p vv 1!431. a rite o r a ,--t i f Lender en: -:IT 6 z eiture of the Property or any
<br />part thereof; or (c),,hail seairc from the ii(iGPer ,�f such lies an agrceme at is a ice= 1=6zr :abnrdinating such lien to this
<br />Security Instrurnem.
<br />If Lender determines thai -eJ or any part :,;'the Property is_subject top [yet which m--p Plain a priority over this Security Instrument,
<br />Lender shall give Borrower a notice identifying such lien.. Et.r,-: wen shall satisfy such lien one or more of the actions set forth above
<br />within ten days of the givi4a Of the notice.
<br />C. NOTICE
<br />Uniform Covenant 14 of the Secur'1y instrument is amended to read as folio s�•:
<br />14. Notice. Except for any required under applicab4L J;i1i I)•I)e ca.) any notice to Borrower provided for in this
<br />Security Instrument shall be tvea ty delivering it or by matlii±g it JIV tint the Property Address or at such other address
<br />as Borrower may designate by notice to Le de, as provided hc':ein, and ^iodes saa5l be given by first class mail to Lender's
<br />address stated herein or to such other address as Gender may designate by as pro tided herein. Any notice provided for in this
<br />Security Instrument shalt be deemed to have been given to Borrower or Lender when given in the mariner designated herein.
<br />i
<br />X74__
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