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� � ADJUSTABLE R,ATE RiDER ; 89� 10�3�� (i YearTrcasur>Index•Rntcl'nps) . THlS Al�JUS"fABIE ltA7'�RIUk.R is madc chis ��n� day of �oVemb2T �� E�Q Y� � and is incarporated iato aad shall be damod �o a�nend and suppleruent the Mart�a�e. Uad of 1Yust, or Sccurity Deed (the "Secwity Instn�ment•')af the same date�ive�by the undeni�ned(the••8on•oK•cr")to securo Borrower's AdJusu►alr Rate Nate(the•'Natc")ta MOME F��,�/VINQB�LOAN ASSOCIATION OF ORAND ISI.AND, NEBRASKA (thc"Lendet")of thc samc datc and covetins the property described in�he Security Inst�umen�and locxted�t: 1603 Stolley Park Circle, Grand IsLand, Nebraska r (�'ropeny Add�ess) TYI� Mote co�tal� provWo�u aqo�riq [or cba�a 1� wy isterai t�te R�i sY aw�t�ty p�ywe�b.TYf�eote dao IIwtU tYe aao��/wy I�terctt nte cas cAa�=e�1��r o�e doe��d aLo tiie�I�Is�w�w I�e�ula�e nte 1�nwt p�y. ; ADDITIONAL COVfiNANfS.In addition to the covenanu and agreements macie in the Security Instmment�Horrower and Lender � funher covenant and ura Rs foUows: A. tNTEREST RATE AND MONTHLY rAYMENT CHANGFS • The Note ptovides for an initial interest rate of 8.75 �i. Section 4 of the Note provides for changes in the interest rpte and tho • monthly payments.as follows: � �. INTEREST RATE AND MON?HL Y PA f:ilENT CHANCES �� k' Qecember 90 � 'i'he interest nte I will pay may change on the first dAy of ,19 ,and on that day every i �WElVe months thcaeafter.Each date on which my interest rate could change is called a"Chsmge Datt." � (s) 7'�e I�dex � He{inning wlth the first Change Date,my interat rate wil!6e based on an Inde�.The"tndex"is the weekly average yield on Un9ted States � Trasury securities adjusted to a rnnstant maturity of 1 year.as made available by the Federal Reserve Board. The most recent lndex figun ' avaeBable ts of the date 45 days before ach Change Date is calle�the"Cti�rrent Index." = i ii tbe Index is no IonSer available,the Note Holder w�ill choose a new index which is based upon comparable iniormation.The Note " ` i Ho2der wUl sive rne aoHce of thls choia. � t � (� CakdNfar o(Cl�ea ,. two and one/half E . Before each Chan�e Date.tix Note Holder wip calcutate my ncw interest rate by adding percentage (��.— ; peea:s[, �_� 9�)to ths Ceurtnt lndea and:ountleag so the nearat 118th of!�lo,subjat to thr limits stated in Section 4(D)below. _---.- ! This rounded amount wiU be my new interest rate until the neat Change DatC. ` � 1 :_ 7 The Note Holder will then determIne the amount of the monthly payment that would be snffi.-Itnt to repay in fuli the principal I am � � expated to owe on that Change Date in substantially equal paymenu by the maturity date at my new interest rate.The result of this calculation ; wil{be the new amount of my monthly payment. • (D) I.Wts w t■tera�Wee c�a��cs 10 75 � The intetest �tte 1 am required to pay at the first Change Date will rtot be greater than • _% or less tban . �-�� 7i.Thereafter,my interat rate wiU never be increased or dec�eased on any single Change Dase by more than '�WO s�rcent � . �,II�from the rate of interat 1 have been paying for the preceding iwelve months.The minimum interest rate on this toan will never be ; less than �-7� 9i and the maximum interest rate witt nevcr be greater than 13.?5 %. ! � j lE) Etfective Date ot Chiesa ' My new interat rate will become effective on each Change Date.i will pay the amount of my new monthly payr�ent 6eginning on the first ! monthty payment date after the Change Date until the amount of my monthiy payment changes again. �= � (F`) Notkeo/Cl�a� i-"'�- ; The Note Nolder will mail or deliver to me a notice bef�se each Change Date.The notice wi0 advise me of: �; (i) thc new interat rate on my loan as of the Change Date; '� -- (ii) th�amount of my monthly payment following the Change Date; . (iii) any additional matters which the Note Holder is required to disclose;and (iv) tlx addras of the association you could contact rcgarding any quations about the adjustment noti�x. � � ' D. CHARGFS:LIENS i Uniform Covenant 4 of the Security Instrument is amended to read as follows: I. Cianea;IJeiu.Borrower sha11 pay ali taxes,assessmenu.and oiher charges,fines,and impositions atuibutabie to ihe Property which may . ' � aitain a priurity over this Security Instrumene.and leasehold payments of ground rents,if any,in the manner provided unQer parap,�raph 2 hereof , a,if not paid in such manner.by Borrawer making payment.when due,directiy to the payee thtreof.Borrower shall psompcly fwnish Lender , all notioes of amounts due under this paragraph,and in the event Borrower shall makc payment directty, Borrower shall prompJy furr(ish to � I.ender receipts evidencirtg such payments. Borrower shall promptiy discharge any lien which has priority over this Security lnstrument; � however.Burrower shall not be required to Qischuge any such lien so long as Borrower: (a)shaq agee in writing to the payment of the ablijation secure�by sucfi lien in the manner acceptable to Lcnder;(b)shall in good faitb contest such lien by,or defend against enforcement of such lien in.kaal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of ihe Propert}�or any ; � pan thereof;or(c)sh�l!securt from the holder of such lien an agreement in a Porm satisfactory to Lender subordinating such lien to this i Security Instrument. I If l,ender determines that all or any part of the Property is subject to a lien which may attain a priority over this Security lnstrument, Lrnder shali�ive Bonower a notice icfentifying such lien. Borrower shall satisfy such lien or take onc or more of the actions set forth above � within ttn days of the giving of the notice. L4. IVIITIC� Unifurm C'ove►tant I4 oP the Security Insirument is amended to read as follou•s: U. Not4ee.(rxcep!fat any nnalce required under aDplicable latv to be Riven�u anaher manner.(al any nouce to lic3rroµcr pro�ided for �n th�� ticcunty In�trumrnt chall bc giLen by delivering it vr by ma�ling�t by first r(n55 mail u�Hnrrowcr at the Nra�rrty A�Idrr�•ur,�t.u�h�uhcr addre�� ati l3urrowcr mav dcciqnc�te hy nuuic tv 1 cndet �s pra�idcJ hcrc�n, and Ih►any noh:e m 1 endri shatl hc�.�.en �+� I�r�t rl.i•.ui.ul t��1 cndrr'. �� „ r.- acldre�.�ctaerd here�n m�u tiu.h uther addrr�c a�!endc-r rnay Je�i�nate hti n��uce t��H��rre,+�rr a��i��fdrd herr�n 1m �i,+ta c��n,�:dc�l t�.i �n�In. 4r�uri�y Iriu�umcnt sh.�!!ho Jta•mctl u�ho�c hreti gi�er�tu fi�arnaci ��r I cndr� «��:•n��rn n��ttr m.�nucr�1c�ic�n.�lctf hc�c.n . � ,F