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1 � ADJU5TAI3LE RATC RIDER �Q6460 (i Ycar 17ca�ury Indcx•Kutc Capsl $9'�"' THIS ADJUSTA�I.E RAT�RIpGR is made this _ Zg�h aay oF _ Nouember�� ,�q 89 . and is incorporated inta and shill bo damed to amend and suppleme�t the MongaYe, Decd of Trust. or 5ecurity Deed (the "Security � Instrument")of the same date�iven by the undersijne�i(thc"Barrower")to secure Borrow�r'�AdjustAbic Ratc Note(the"Nate")ta HOME F�QEit�L$AVtl�I�S i� LOAt�t ASSOCIATtOM OF�MND tSIAND�Nf�RASKA(�hc "LcnQer")of the same date and coverin�tho property described in che Security lnst�ument and located at: -- 3?? EaGt Ilf�] �itTPPt• �anr1 ,I„�lanti� NPh+rnSka (Propeny Address) ` TrM �ote co�Wu provWoa� �Howiy tor c��a is my i�terat nte �M a�y awrt��r p�ywe�q.TAb�ote�o Ii�lb tlie a�o��t�y I�hrat rnte ea�cMa�ae�t a�y o�e dwe aM �Iw iMe�id��a�d tAe�saalm�s nte 1 mul�y. • ADDITIONAL COVENAN7'S. in addition to the rnv�nants and agreements made in chc Security instrument, Honower and Lender funAer wvenam and aara as foUows: A. 1N7'�RE6T RATE AND MQNTHLY PAYM�NT CHANGFS The Note provldes for an initia!iaterat rate of 8.5 ro.Section 4 of the Note ptavides Poi changes in the iaterest ratt aad the monthly payments,as follows: � 1. INTEREST RAT6 AND MONTHLY PAYMENT CNANGES (A) CW�eD�ta The taterat r:te 1 wUl pay may chaage on the first day of DecembeT .19 90 .end on that day every ' +��p,�,u2 months thueafter.Each date on which my inarcst�ate couid change is calted a"Change Date." (H) 'I1e I�dex : Hejinnin�with the first Change Date,my interest rate will be based on an]ndex.The••lndex"is the weekly averaga yield on United Stata , � 7Yasury securltla adjusted to a constant maturity of 1 year,as made available by thc Federal Reserve Board.The most reoent Index fi;ure � avaikble as of t6e date 43 days before ach Change Date is called the"Cuttent[ndex." ; If tlse 1Rdeac is no lot�er available.the Note Holder w�c6fl shoose a new index which is based upon comparable informauon.Tht Note ., � Hofdar will�ive me nodce of this choice. r,,�� 1 /� /�� ��+1 �Q��.r0�s �:_:14 . 1 - • Before each Cinnje Dato,the Note Holder will calculate my new interest rate by adding �y�g afl� eiler�l3�� ,L`-,� • points� 2-5 �i)to the Current Indea and rounding to the nearat 1/Sth of I�i.subJect to the limits stated in Section d(D)below. � -_ - Taisromzdea amonnt�rili oe my new iaterat raue untit ti�e acx[c.�ange vate. ; The Note Holder will then determine the amount of the monthly payment that would be sufficient to re `. pay in full the principal I am ' a�pected to owe on that Change Date:n substantially equal payments by the maturity date at my new interest rate.The result of this calculation � � wiil be the new amount of m monthl y y payment. . (D) W�Its o�[iterest Rate CMa�a 7fie interat rate I am required to pay at the frst Change Date wi0 not be geater than �117_S % ot less than • ` s-S� �i.Thereafter.my interat rate will never be increased or decreased on any single Change Date by more tAan_tWO oercent � �_,from Ehe rate of intercst 1 have beea puying for the preceding twelve months.The minimum interest rate on this loan wiU never be � less than �.SEl hi and the maximum interat rate will never be greater than 13_S %. • QE� Et[�dre Date of Chs�tes My new interest rate will become effective on each Change Date.I will pay tht amount of:ny new monthly payment beginning on the first ! monthly payment date after the Change Date until the amount of my monthly paymrnt changcs again. � • (E� Notla of Ch�a�es � s�i�? ; The Note Holder will mail or deliver to me a n�tia before each Chauge Date.The notice will ad��ise me of: • ' (i) the new intercst rate on my loan as of the Change llate: i '. (ii) the amount of my monthly payment following,he Change Date; ." I (i;i} any additional matt�rs which the Note Holder is required to disclose;and � (iv) the address of the association you could contact regarding any questians about the adjustment notice. -- � d. CHARG�S;LIENS . Unifortn Covenant 4 of the Securitylnstrument is amended to read ac follows: � • �. C�ar�a;I�.Bonowa shail pay all taxes,accezsments,and other chazges,fines,and impositioas auribntable so the Proprrty tvtsich may ' attain a priority over d�s Savrity Instrument,and teasehold payments of ground rents,if any,in the manner prorided under paragraph 2 hereof ' or,if not paid in such manner,by Borrower making payment,when due,directly to the payee thereof.Borrower shall promptly fumish Lender all aotices of amounts due under this paragraph.and in the evtnt Bonower shall make payment directty.Borrower shall promptJy furnish to I.ender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; howevec, Borrower shall not be required to dischazge any such lien so long as Borrower: (a)shall agree in writing to the payment of the ublisation secured by such lien in the manner acceptable to Lender;(b)shall in good faith wntest such lien 6y.or defend against enforcement of such Iien in.lejal prceeedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any '-� ---- 1 part thereof;or(c)shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such tien to this , Sa:urity Instniment. � If Lender determines that all or any part of the Property is subject to a lien which may attain a priority oves this Security Instrumant. i Lendet shall give Borrower a notice identifying such lien. Borrower s►�all s�tisfy such lien or take one or more of the actions set forth above ' within ten days of the giving of the notice. LL. NOT[CF Unifotm C:ovenant 14 of the Security Instrument is amended to rcad as follows: h. f1. lVotice.Cacept for any noticr required under applicable law to be giveu in another manner,(a)any notice to Borrower pruvided for in thic � 5ecurity Imtrutnrs�t shall bc given by dcli�•ering it or by mailing n by first class mail!o Horrowcr a+.the ProDerty Address or at�uch other addre�.� as Borrnteer may des�gnate by noUce to!endcr a�pr�tiided herein,anJ(b)any nutice tu I ender shall he gicen Dy hr�t clas�rnail to 1 ender'ti r� '� ti• addrec�nt�ted herem ur to surh uthrr addrrss ac I.ende�ma�design�te by nohee al Hurmurr a,prcnided herrfn Am nu�ice�r�n�ded I��r in ihi� � ticrut�ly In�trument tihall he dectrocJ tt�h�ve I+ccn R��cn lo Horruucr c�r 1 endrt ahcn�;iticn m thr m.�r,tiC�dc��cn;�;cJ hcicin �