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<br />ADJUSTABLE RATE RIDER
<br />(1 Tor Tteemyladat- VANcap)
<br />90.... 106940
<br />• THIS ADJUSTABLE RATE RIDER Is merle Ibis 28 day of November ,19 90 .
<br />said is incorporated into Wad sha8 be denied to wand and supplement the Mnngap. Dad of Trust. or Security Dated (the " Security
<br />losimmid,$) of the mass data given by the undersigned (the "eatrosrer'e) to secure Borrower's AdjtWable Rua Note (the "Note•) to HM
<br />N 9p GUND IBLAND. NURUKA (the "iatidar ") of the awe due Will oovpiag the
<br />FIM& SAVINGS A LOAN
<br />propertydnecrlbadintbSowky Instrument and loMW O:
<br />418 W. Stagecoach Road, Grand Island, Nebraska
<br />'property Address)
<br />791st Woo Castilian pinrlsloas allowing for elttutga in my totaled into and any raoaft
<br />rWyweat, TMIs Wale &a Rauh the amount ■y Intend rate test eMsarge at ON ON d= W
<br />also 1M mldratrm and the madval ss rate I toast My.
<br />ADDITIONAL COVENANTS. In addition 10 the owreoaats and apollead made is the Security le"Meseot. >Bonotra ad 1"Alr
<br />11tttMler cowWntm ad agree Ws fotbrvs:
<br />A, INTER= RATE AND MONTHILY PAYMT►NT CHANGES
<br />'lire Not provides for an initial ivarest rue of Sedioo 4 of the Note Provides for cbm0n in the interest rat and die
<br />miali y paytt eft as follows,
<br />,. INT REST RA TE ARID MONTHLY PAYMENT CHANGES
<br />(A) Ck V11110n December .19 9U .wlontlantdWy y
<br />7U imated pie I win pay may change on the first day of
<br />wombs thereafter. Eareb date on which my interest rate could change is called a "Change Due. ••
<br />m 'IM loin on united States
<br />Beginning with the first C hop Date, my interest two will be based on an Index. The "Index" is the weekly average yield
<br />• Visi tury securities adjusted to a constant maturity of 1 year, as trade available by the Federal Reserve Board. Tire Mont 10=1 Laden figure
<br />available as of the date 43 days before each Change Date is called the ..Current Index.
<br />If the Index b no longer available, the Note Holder will choose a now Wks which is bated upon eotaWOk iatormad0a, The Note
<br />Holder wiB give me notice of"choice.
<br />(C) Cslealadw Of cbmw _,_percentage
<br />adowwbChaup Due. the Note Holder win calculate my new interest rate by adding
<br />Ponta ( i _!_ %) to the Current Index and rounding to the nearest 1 /fish of 1%, subject to the limits sated in Seati. n 4(D) blow.
<br />M6 rounded wzwunt will betray new interest rate until the next Change Date.
<br />The Note Holler win then determine the amount of the moby the nient that would be sew idnt interest to rate. repay fall h Ihis eiPW E am
<br />expected to owe on that Change Date in substantially equal payments y
<br />will be the new amount of my monthly payment.
<br />(D) Ueala ate latest Raft ChO tga a 0 •)t of less than
<br />T1ne interest rate 1 w required to pay at the tint Change Date will not be greater than . _ two t7@TCent
<br />. a _ n,�_ tits. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than
<br />� 1 U from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this lout will never be
<br />lesi dust q-13 % and the maximum interest rate will never be greater than � 3 -- -�•
<br />(E) Effective Date of Changes
<br />My new interest rate will become effective on each Change Date, l will pay the amount of my new monthly payment beginning on the Sint
<br />monthly paywerrt date after the Change Date until the amount of my monthly payment changes again,
<br />(F) Nadel of Cknstga
<br />INC Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of:
<br />(i) the new interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
<br />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjustment notice.
<br />IL CHARGES; LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. Charign: Liens. Borrower shall pay all taxes, assessments, and other chaTpn, fines, and impositions allrtbutable to the Property „ cheroot,
<br />attains priority over this Security Instrument. and leasehold payments of ground rents, if any, in the manner provided under paragrsp
<br />or, if not paid in such manner, by Borrower making pacrltem, when due, directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all notices of amounts due under this paragraph, and in Grit event Borrower shall make payment directly. Borrower shall pramptiy furnish to
<br />Lender receipts evidencing such payments. Borrower shall promptly discharge any lien whA has pr'on'g over this Security Instrument;
<br />however. Borrower shall not be required to discharge any •uch lien +o long as Borrower: (al'halt agree in writing to tote payment of the
<br />obligation secured by such lien in the manner a:ccptable to Lender. thl +halt in good faith ceraist such 1•en r,-. or defend against enforcement of
<br />such lien in, legal proceedings which to the opinion of Lender overate to prevent the enifetcetmet of the lien or torfeiturt of the Property or any
<br />part thereof; or (e) shall secure from the holder of such lien an agreemene in a fora see :is ;aisory to Lender subordinativA such lien to this
<br />Security lastrwnent.
<br />.. .. .. ...�•.._ .._ . ,tom.. .....J........., .. r.in ■ nrinritV over rho Security InstrlKKtient,
<br />If IRadtr determines than all or any pan of .nc rrvyc... 41 ,,,.,,..•. •.... ,..............,, -..�.. _ , .
<br />Lender shall give Borrower a notice identifying such lien. Borrower ;halt w: :,iry such lien or take one or more of the anions set forts above
<br />within sera days of the giving of the notice.
<br />C. NoncE
<br />Uniform Covenant 14 of the Security Instrument is amended to read as follows:
<br />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
<br />Security Imtrument 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
<br />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
<br />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
<br />Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
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