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ADJUSTABLE RATE RIDER (1 Yea Treasury ledeu -Rite Caps) 89-105370 THIS ADMISTABLE RATE RIDER is manes this 31 st day o f .August ad k wborporated faro and derail be i's, a,4 to amend and mpplemcot the Mor%ar, Dead of Tn&st, or Security Heed (ft "Seenrity iaatrt Wr,) oC the same date gives by tine a dersiglaed ( the "Roagwtr ') to secure Borrower's Adjustable Rate Note (the "Note") to - MMMAl. U MOR * LOW A86,MAT10M OF O#AMt>< ISLAND: NEWAMA (the "Ltnder ") of ttia same date attd eoverieg the --- ��r. �... �; �.. t(_ rrh.�rir�lnu>tirotandlarated -at: �' •� � � •. _ - 4035 Ai rpart R(zhd ;, Grand Island, AE 68803 • t[Ropet'tywddrrss). , f ° . TW "a R'iaw" fallvlrMtM aliawiaa for eratttgt; Ile 4,*11141)A No 4w, a!sttiRy P"Mones. V& "k alw Italia area "a" I" biera.i rate eaa pli�ef��rjsMtts Wjaa tad ales lie rriaimrtaa sat lit atlralsaata eerie I atwt g►ay. ; ` ::. ;' `, -:, ; ' ` A00010NAL COVIENAN T& In additias to the twA sans and Agreements- mil le iq.:t� qty lmiruttaeet; � � " "s > r ' A+ IIiZlSf.>fE RATE AND MONTHLY PAYE off t1�11ANCES TUe Note provides for an initial interest rate of 7 3 • 7.. Se��tion',r! Nptpides for Changes in the interest rate and.the sueMNy payments. as follows: r. 4. INTEREST RATE AND MONTHLY PAYME'NF CHANGES (A) C%WDOW The interest rate I will pay tray change on the first day of October 14 90 . andon that da;: twelve . 12 ) months thereafter. Each date an which my interest rate could chop is tialled a "Change Date." rn Tee IfWO Begtonan with the first Change Date. my interest rate will be based on an index. The "Index" is the wrrelrl t atverde Ileld on UnIted States i Treasury securities adjusted to S constant maturity of I year, as made available by the Federal Reserve Board: The repeat Index figure available as of the due 45 days Wo" each Change Date is called the "Current Index." i If the Index it no longer available. the Note Holder will clsom a new index which is%bated upon comparablri intittigation. The Note Holder will give ate WON of this choice. ; (C) cdem omoicben s Before each asaoge Due, the Note Holder will calculate my new interest tote by adding four points( 4.5 slit) to the Current Index and rounding to the nearest 1 /Sth of 1 %, subject to the limits sated in:l eet4ir& 4('�}ttr33c�as: yThis rounded anouat will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly paymmK wat would be sufficient, to repay in full the pritwi li IE am i expected to ogre on that Change Date in substantially equal payments by the mat7r date at my new interest rate. The result of this calculation will be the new arnount of my monthly payment. i (D) Union w lahrest Rate Cbsors Jhc fntcr st rate I am required to pay at the first Chme Date. *T not be greeter thart 15.0 wi or less thin 1 low sli. Thereafter. my interest rate will never be increased or decx+Ois: ^.d on any single Change Date by more than.tWQ 12 11 I)ereent from the rate of interest 1 have been paying for the preceding csi a- months. The minimum interest rate on this loan will never be lm than n i raw I n 1 % and the maximum interest rate will never be greater than 1111 X1110211I 1 Oat. (E) E tfeedve Dale of Cuero My new Interest rate will become effective on each Change Date. l will prey.tr&e. amount of my new monthly payment beginning on the first asonthly payment date after the Change Date until the amount of my mon&.ty Ktiyea pant changes again. (h Notice of Cuors lyre Note Holder will mail or deliver to me a notice before cub C ita. ,y, il:4tr. The no:rAr.w,' U advise me of: (i) the new interest rate on my loan as of the Change Dart (ii) the amount of my monthly payment following the Charge Datr.:o,; (iii) any additional matters which the Note Holder Is repaired to wsclose, and 60 the address of the association you could contact regarding any questions abr)a,C the adjustment notice. 11.1 CHARGES; LIENS ( ai,form Covenant of the Security instrument is amended to read as follows: 4. Cbesrsst Llow. Borrower shall pay all taxes. assessments. and other charges: i l 'n", 4 i�tpA^c Lions a 9h ,va6le to ti t�.l?y� ¢eery xi ?k:t9 may itxtiew priority over this Security instrument, and kasthold payments of ground : ants, if :1,t! +� „hex ,he muanet �rovide0 ur izt t rxgraplr 2 hereof off; if not paid in such manner. by Borrower making payment. when due, directly to the payee thereof. Borrower shall promptly far�i::t I.,eitder all notioec of amounts due under this paragraph. and in the event Borrower shall make payment directly. &,grower shall promptly, f srn[uh to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; bwnwa. 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 mariner acceptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of etch 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 tlkreof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Swwky 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. Unaiier sfrtaii give Burrower a notice identifying such lien. out ruwet sieall satisfy such lien art tAkc une or ttture of else actions set fortis above witisintee days of the giving of the notice. C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to read as follows: N. Notice. Except for any notice required under applicable law to be given in another manner. (0) any notice to 1wrtower provided for in this Security Insttumem shall be given by delivering it or by mailing it by first class mail to Borrower at the Property Address at at such other address as Borrower may designate by notice to Lender ay provided tuerein. and (b) any entice to Lender ,hall be given by fit .1 da L% mail to Lender's address eared hetem of to such other address as 1- ender may dttigmte by notice to Burrower as provsdcd hciem Anv native provtdcd fvr in thy% 5a.ueny Instrurrscnl shall be dcrnrrd to have bcca g1vcn to Borrower or ucddr► ahes +given in the manner dolftiascd N-1 ell) 4r: 11_