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n�f/ i ;r' 6 . a rat�r�s:;:as This is a corrected adjustable rate rider to be re- recorded to go with ueeci of 1 ruse Lm3r- x au- 108941 - legal on beck ONE-r AMUSTABLE RATE RIDER i 0 7 2 2 (1 Yeartreaatrry Indat -Rate Cw) 9o-- THIS ADJUSTABLE RATE RIDER h Mack this 30th day of December ,19 9Q.. be doomed to amend and supplement the Mortgage, Deed of Trust. or Security Deed jibe "Security - -• WA is Incorporsted Into stud shall Instrument ") of the tame date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to NOMR ai - - - -_ FEDERAL 9"Nag i LOAN ASSOCIATION OR ORAND ISLAND. NEBRASKA fthe %ender"I of the same dale and covering the - -- - ptropei y described in the Security Instrument and located at: '' a d Talranris sue 2530 St. St Patrick (Property Address) TNs Note cisawn provbbas allorriwg for chsata In my lakra/ raw sad my monthly paywrals. This Note also Iindis IM ssaosat ray htlernl ratio era charge at any one dine sad also tls asWmsm Nod IM IrWWON rate 1080 Pay- ADDITIONAL COVENANTS. In addition to the covenants and agreements made is the Security Instrument. Borrower and Leader furtAee coveawt and agree as follows: A. INTERM RATE AND MONTHLY VAYM�jVT,7�ilANGfS tar_ moron 4 of the Note provides for changes in the interest rate std the The Note provides for an initial interest rate of _!_%. ssmathty payments. as fouows: q- . 4. INUREST RATE AND MONTHLY PAYMENT CHANGES (A) Chats Data December , 19 — 91 , and on that day every The interest rate 1 will pay may change on the first day of "Change two 1 r months thereafter. Each date on which my interest rate could change is called a Date.', (B) 'fhe loft Beginuing with the first Change Date, my interest rate will be baud on an Index. The � • Index" is the weekly average yield on United States Reserve Board. The most recent Index figure i, Treasury securities adjusted to a constant maturity of 1 year. as made available by the Federal : available as of the date 43 days before each Change Date is called the "Current Index." if the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder win give me notice of this choice.' ` r (C) CdealatioN of Clasen three and one /half percentage Before e 5 Chaage Date, the Note Holder will calculate my new interc.: rate by adding to the limits stated in Section 4(DI below. P points ( air) to the Current Index and rounding to the nearest I /11th of I %. subject - i• This rounded amount will he my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that maulki be sufficient to repay in full 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 ;.. win be the new amount of any monthly rayment. - (D) Writs on blow" ROW Clraage.+ The interest rate I an required to pay at the first Change Date will not be greater than 12.75 rh or(1I ��than or decreased en any single Change Date by more ihaa ; B _7e+ 4a. Thereafter. my interest rate will never be increased from the rate of interest 1 have been paying for the preceding twelve months. The nimum interest rate on this loan will new be less than 8.0 % and the maximum interest t rate will never be greater than % (E) Effective Date elChaages My new interest rate will become effective on each Change Date.1 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. (F) Notice ofCbsv*m The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: �. (i) the new interest rate on m) loan as of the Change Date; (Ii) the amount of my monthly payment following the Change Date; fill) any additional matters which the Note Holder Is required to disclose; and 04 the address of the association you could contact regarding any questions about the adjustment notice. B. CHARGES; LIENS i Uniform Covenant 4 of the Security Instrument is amended to read as follows: I 4. Clartn; Item. Borrower shall pay all taxes, asses +menus• and other charges, fines. asrd impositions attributable to the Property which may of reins, if an). in the manner provided under paragraph 2 hereof attain a priority over this Security Instrument, and leasehold payments ground or, if scot in such manner, by Borrower making payment, when due, directs) to the payee thereof. Borrower shall promptly furnish Lender paid ill aotioes of amounts due under this paragraph. and in the event Borr, wer shall make payment directly, Borrower shall promptly furnish to lien which has pnotity tvtt this Security Instrument: Lender receipts evidencing such payment+. Botrc� cr ♦hill promptly discharge any however, Borrower shall not be required to discharge an% such lien so long as Borrower sal shall agree in wrirs:g u, the payment of the obligation secured by such hen in the manner acceptabie ro Lender. ibi shall in good faith comot such lien by, or defene a,tamst enforcement of - t such hen in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any form satisfactory to I. ender subordinating such lien to this part thereof. or Ic) shalt secure from the holder of such lien an agreement in a Security Instrument. _ .�_.." .......- ....., ..r .h. vrmrrrc iG .uhictir ai a lien w bleb may attain a pnoruy over this Security Instrument, Lender shall give Borrower a notice idenufving urah lien. Ekwoaer .hall .arinh <uat lien or rake one or more of rite actions set forth above within ten days of the giving of the notice. C. NOTICE Uniform Cosenant 14 of the Security Instrument is amended to read as lollows: 14. Notice. Except for any notice required under applicable law to be given in another manner, tal an)• notice to Kirrow er provided for in this Security Instrument shall be given by delhering it or by mailing it by tirst Class mad to Borrower at the Property Addre%i or at such other address 1 as Borrower may designate by notice to Lender as provided herein, and IN any notice to Lender shall he gtsen by first class mail to Lender's address stated herein or to such other address as lender may designate M• notice to Ik►trower as provided herein. Any notice pros ided for in this Security Instrument shall be deemed to have been green to Ikxrower or Lender when gswit in the manner designated herein. 1 i