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� � ��-S�I��ORDE� 89�„ �n F14 rJ� . ADJUSTABL� RATE RIDER ' Q•.. 1 Q�,�12 U Year Treasury Indea•Ratc Caps) ^ �v THiS ADJUSTABLE RATE RIDER is made this �4 day of Nouember ��q 89, �lnd is incorporrted intn and shall be deemed to amend and supplement lhe Mort�age, Deed of Truat, or Securily Deed (the "Security � Instrument")af the same dato�iven by tho under9l�ned(the"�ortowcr")to secure 8orrower's AdJuss�ble Itatc Note(thc"Note")to MOME FECElIAL SAYlf�l38� LOAN A880CtAT10N OF tiflAND ISLAND, NESRASKA(tfie '•Lender")af the sama date and caverinj tha propeny descdbed in tho Secu�ity lnstrume�t and located at: ,1A11 rjtOjj,e�t ,p31''� Cjsrle� �anri j,alanriF RlahrasJca (Property Address) • TW �ate co�WM pro�Woa Wowiy tor cMa�a Iw � i�tenst nte �N �y aoatMty p�y�b.TIW�ole�ho U�14 tUe aro��t a�y 1Mteral rate p�clu��e et a�y o�e d�e a�d �ho tYe wl�i�aw aid t��wd�o�rate i oat p�y. ! ADLIITIONAI.COVfiNAI�Ti'S.ln addltion to the covenants and agreements made in the Securttp Instrument,BoROwer and Leader ' fureher oovensnt and st�ree as follows: A. INTERFST RA7E AND MONTHLY PAYMENT CHANGES • The Note provides fc+r aa initial interat rate of 8•5 9i.Section 4 of the Note provides for changes in the interest rate and the ' monthly paymems,u foUows: i � 1. lMEREST RATB AND MONTHLY PAYMENT CHANGES � (A) A��e Drta ; The interat rate 1 will pAy rtwy chu�ge on the iirst day of I�onE?mhaa� ,19_��and oa ehat day every • �],yg months thereafter.Each date on which my interest rate could change is called a"Change Date." � ' (d) Tre[Mes ' Beginning wlth the Frst Change Date.my�nterest rate will be based on s�n Indea.The'•Indac"is the wakly avera�e yidd oa Uuited States 7Yeaswy savrities adgnsted to a wnstant matudty of 1 ywr,as made available by the Federal Reserve Boud.The most recent lndac ff=ure ; availabk�of the diie 43 days before each Change Date is called the"Current index." i i8 the Index ls no longer available,the Note Holder wlll choose a new index which is based upon mmparaDle informadon. The Note � Holder.v�l give me notla of this chola. �.� t;�,°: (G� CMe�YW►�ot C�es : Before ac6 ��' °' Chan{e Date.the Note Holder will calculate my new lnterest rate by adding �y�e anQ-eneTha�f Pa�uE� �_ points( 2-5 �)to the Curnnt lndex and rounding to the nearest !l8th of 1 hi.subJect to the l�u stated in Secdon 4(D)below. ' _-- i Tnis rou�ai amwnt wiR oe my aew iatcrac nu uatii ti�e ncnc f=hange Lau. _' -.` � The Note Holder will then determine the amount of the monthly payment thac would be sufiicie�u to repay in flill the principal I am � � tapeeted to owe on that Chat�e Date in substandally equal payments by the maturity date at my�ew interest rate.'fhe rault of this calculaUon i will be the nrw amount of my monthly payment. (D) LImIb 0�lafertsl R�te Chanscs The interest rete 1 am required to pay ac the flrst Change Date will no[ bc greater than �,�.� %i or tess than " �+--�+ 9i.Thereafter.my interat rate will never be increased or decreased on any singie Change Date by more than two p,ercent � ��_from the rate of interat I have been paying for the preoeding twelve months.The minimum interest rate on this iwm will never be ' less than 6.S qi and the maximum interest rate will never be geater than 13_5 , r/i. : ' � (�7 Ettectlre D�k ot C�u�es My new lnterest rate will beoome effective on each Change Date.I will pay the amount pf my new monthly payment beginning on the first monthly payment d�te after the Change Date until the amount of my monthly payment changes again. ��+ � (� Notloe of C�s�es • � °' f ••,;,; , 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 my loan as of the Change Date; ; (ii) the amount of my moethly payment foltowing the Change Date• �, . . � (iii) any additinnal mattets which the Note Holder is�equired to disclose;and t � (iv) the address of the association you could contact regarding any questions about the adjustment notice. - , �. t�ARGES;LIENS Uniform Covenaat 4 of the Security Instrument is amended to read as follows: 4. Ciar=es;iJeis.Bonower shafl pay alt taxes.assessments,and other charges,fines,and impositions attributable to the Propeny which may , ' � attain a priority over t}tis Security Instniment.and ieasehold payments of ground rents,if any.in the maiuier provided under paragraph 2 hercof • or.if not paid ia such muuisr�by Bonower making paymmt,��hen due,directly to the payee thereof.Bortower shall promptly futnish Lender all notka of amounts due under this paragraph.and in the event Borrower shstll mske payment directly.Borrower shall promptly furriish to Lender receipts evldencing such payments. Borrower shall ptomptly discharge any lien which has priority over this Security Instrw't�ent; however, Borrower shatl not be requ3red to d9scharge any such lim so long as Borrower: (a)shall agrce in writing to the payment of the obllgatioe secured by such Iltn in the mannet acoeptable to Lender;(b)shall in good faith conttst such lien by,or defend against enforcement of such lim in.legal ptoceedinEs which in the opinion of Lender uperatc to prevent the mfo�cement of the lirn or forfeiture of the Property or any r-=--=-_- put theteof;or(c)shall secure from the holder of such lien an agreement in a form satisfactory to Lendrr subordinating such lien ta this � Savrity instrument. � if Lender determ9nes that all�r an � ' � y part of the Propetty is subject to a lien which may attain a priority over this Security Instrument. ': Lender ahalt give 8orrowet a notice ldentifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above � • , within ten days of the giving of the aotia. � � L C. NO?IC� Uniform Covenant 14 of the Security Instrument is amended to read as follows: 1�. Noike.�xrept for any notice required under aDplicable law to be given in�nother rnanncr,la)any notice tv�.rrrciwcr provided far in�hiti Security Instrument sh�ll tre gfven by delivering it or by mailing it by first clati5 mad to Borcower at the Proper�y Address or at cuch other addresti �s Horrowe►may de�+gnate hy noiicr ro t.ender ac prnvided herein,and Ibl any notice to I.ender shall he gi�rn hy finl rla�.mail t�� I ender'� �' '�•' �tddre�c statrd hereinur lo cuch other addrecs as Lender may designate by natice to 14orruwe�ac prm ided herem -'1m nntrce��r��i�led f��r m ilu. �" ` �C;:urity(o�trument ahall tse deerned to have hceu g�cen u,Fivrru�ti!•r nr I ender when y��en m tl�r m�nncr dc��;natcJ hcrcin �