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_ I `� ' _ RE•RECQR�ED � �;g�. i0C89t► 8� �° �Q5�85� ADJUSTABLE RATE RIDER rTHIS AD3l3S'f'ABLE RATE RIt3�R is made Wls_ 23rd dsy af . October .1984_, u�d is incorparated into aed shxli be d�e�ned to ameud and suppiemsnt the Mort=aae. Deed of Trust.or Ueed to Secure Debt(the"Securlty � InswlneaY')of the�a�ae date�ivrn bg the�decsi�ned(the"Bonawer")to secure Aorrewer's Adl�ustabk RatG NatG to H01AE FEDERAL BAViNGB i LOAN A890CIATION OF GRAND ISLAND. N�dRASKA (the"l.ender")of the seme date(the"Note") � �nd coverin�the property descdbed in the Secudty lnstrument�nd located at: �, ,_,p��} a,►a;i,,hi o _ Doniphan, Nebraska 68832 (Property Address) 7'Ye No1e ewt� �o�Yia� aNwl� for craqes i� 1M j�taat este. Ii tre i�lerat n!e i�cn�ea.tYe lorrower'��t�y M7�b wW 6e Y�rer. it tle i�terrat ak dec�a, t1e � ; aoaower's�tMy P�T�ab wW be bwer. ADDITIONAI.C010'ENANTS• In additioA to the covenant and�gramenu made in the Security Instrument, Borrower and Lendar further covrnant�ad+�rse�s foUows: - -- ___ � A. IN7'ERI�3T RATE AND MONTHLY PAYMENT CNANGFS � The Note providea for An initl�l interqt rate of 12 9'i.Section 4 of the Note provides for ch�a in the intercst rate and the monthly payments,s�s foflows: I 4. lNTER�'ST RAT6ANDMONTNLYPAYMENT CNANGES tA) �eDna lst Oecember lg 85 7he interest rate I will p�y may cia2nge on the day of - •�d on th�t day of the month every months thereafter.Each date on which my interest rau wuld cbange is called a"Chanse D�te." (�) 'I'�e Isiex : . Hepnnin�w�ith the first Chan�e Date�my interat rate wiU be based on an"Iadex."The Indeu is the wakiy avera�e yidd an Unital States : 'I�rxsury ucuddes adjusted to a constant maturity of one yp�rs,�s made available by the Federal Raerve Boud.The moat t -� reoent Ind�x fi�we availabk a�of 4S dsya before each C6an=e Date is callod the"Current Iedeu:' ' � if the lndc�c is no lonaer available,the Note Holder will choose s new iadex which is based upon comparable informatioa.The Note Holder -�� �_ ; will=lve me notia of it�choia. - . #__ ; (G� Glcd�tlo�ot(��es � - ; Before each Chu�e Due,the Note Holder wil!calculate my ne�v interest rate by adding two and one-hal f perantage poinu --_ r 2•5 �Ai)to the CtirreN lndea�,and round9ng to the narest 1/8gi.The sum will be my new interest rate.The minimum interest rate en this loan will be no les�t6an 9•5 9i.The ma�dmum interest rate on tLis lwn wiU bo no more than 14.5 yr�, '•_, 7lie Note Holder wlll ttKn deeermine the amount of the monthly paytnent that would be sufficient to repsy in full the princip�l I am =' { �xpxkted to owe on the ChAnge Date in substantlally equal psyments by the maturity date at my new interest rate.The result of this calculatlon � wiil be the new unount of my monthly paymrnt. � � (D) Fltectlre D�te ot Aa�e� My ne�r inierat rate vrill beoome effective on ach Change Date.1 will pay the amount of my new monthly payment bealnnin�on the first monthly p�yment dau after the Change Date untii the amount ot my monthly payment changes again. J � '" (L+� Notloe ot C�es �'�°' The Note Holdet will mall or deliver to me a notice before each Change Date.The noua will advise me of: '�-- (i) �he new interat rate on my loan av of the Change Date; E;`�. � (ri) the amount of my monthly payment foUowing the Change Dau; � t , ('iii) any additional muters whicb the Note Holda is requirod to disclose;and ._ .. � �v) ti�e title and tekphone number of a persoa who will answer any question 1 may have regarding the notice. , � - � E. CHARGFS:IdENB . Uniform Caveaaat 4 of the SecuritY Insmunent is amended to rad as followa: �; 4. CYarsea;Ler.Bonower shall p�y all taaes,assasmenu.and other charges.fines and impositions attribuuble to the Property which may attain s pNority over thIs Socvrity InsWment.aad leasehold payments of ground rrnts,if any,in the manav provided under puagrnph 2 hercof or,if not paid in such manner,by Borrower making payment,whm due.diroctly to ttx p�►ya tl�ereof. Borrower ahall promptly fumi�to I.ender all notices of amounts due under this par�raph,and in the event Borrower shall make payment dlrectly, Bonowu shall promptly fwnish to Lendtr teaipts evidencing such payments. Borrower shaU promptly discharge any lien which has priority over this Security � Imtrumeat;however.Bonower shall not be requirod to dischuge any such lien so long as Bonower:(a)shal!aga in wrIting to the paymrnt of the oWiZttfon aavred by such Gm in a manntr acceptalsle to Lender;(b)shall in aood faith contest such lien by,or defend againat enforament � - T� of such lien in.le�al proceodin�s which in the opinion of Lender operate to praent th�enforcement of the lien or forfeiture of the'Property or � Ny put theceof;or(c)shall secure from the holder of such lien an agrament in a form satisfactory ta Lender suburdinaHng auch lien to this j SecuritY Ittstrumrnt. ' � lf Lrnder detrnnines thst all or any part of the Proptrty is subject to�lien which may attain a priority over this Security Instrument,Lender shall�ire�ossawer a notice idendfying sucit lien.Borrower shall satisfy such lien or take one or mare oP the actions set forth above within ten Ldsya of the�ivinj of the notia. �. �� .. Uniform Covenant 14 of the Security Instrument is amended to read as follows: � � 14. fVotlee.Except for eny notice required under applicahle law to be givrn in nnolher manner.(a)any notice to Borrower provided fot in this � 5ecurity Instrument shall bt given by deiivering it ar by m�iling it by fir�t class mail to Borrower at the Property Address or at such other uddress ti ` as Hs�rrower moy designatc by noticc to L.endtr ea provided herein,end(b)any n�tict Io Lendcr shall be givrn by first dass ma�l to I ender's adArr�s alated herem nr tu s�eh uther address as Ixnder may designa►e hy notiee tcr Borrower as pro��ide�herem.Ar.y nuuce pr�v�ded for�n�his . ',ccucny In•.rn�mcnt shall be deemc�l lu have hccn gi�•cn tci lintrciue►Ur l,ender when��en in the manner d�siqnated herein � i�:. ��'� rt;�j�%', �; - • r