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I "I ADJUSTABLE RATE RIDER 87- 107'2.7 ti (I Year Treasury Index-Rate Caps) I THIS ADJUSTABLE RATE RIDER is made this 16th day of December , 19~, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") of the same date and covering the property described in the Security Instrument and located at: 4359 West Capital Avenue, Grand Island, Nebraska 68803 (Property Address) This note conl&lm provlsicD5 aUowlng for cbanges in m)' interest rate and my monthly payments. This note also limits tbe amount m)' interest rate can cbange at anyone time and also the minimum and tbe maximum rate I must Pll)'. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYl\IIfj~5CHANGES The Note provides for an initial interest rate of' ..... Section 4 of the Note prO\;des for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) Cbange Dates The interest rate 1 \l\;U pay may change on the first <lay of Januarv , 19 ~,and on that day every thlP 1 liP months thereafter. Each date on which my interest rale could change is called a "Change Date." (BI The Index Beginning with the first Change Dale, my interest rate \l\;1I be based on an Index. The "Index" is the weeki)' average );eld on United States Treasury securities adjusted to a constant maturity of I year. as made available by the Federal Reserve Board. The most recent Index figure available as of the date 4S days before each Change Date is called the "Current Index." If the Inde.~ is no longer available, the Note Holder \l\;1I choose a new index which is based upon comparable information. The Note Holder wiU give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Holder \l\;1I calculate my new interest rate by adding ~ nnp Ih" 1 f percentage points ( 2.5 1Jo) to the Current Index and rounding to the nearest 1/8th of I.... subj..."! to the limits Slated in Section 4(0) below. This rounded amount \\;11 be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to ~pay in full the principal 1 am expected to owe on that Change Date in substantiaUy equal payments by the maturity date at my new interest rate. The resuh of this calculation \l\i11 be the new amount of my monthly payment. (D) The (~%) Umits on Interest Rate Changes interest rate I am required to pay at the first Change Date \l\i11 not be greater than i 3. 5 ~. or less than 01.. Thereafter. m)' interest rate \l\;1I never be increased or decreased on any single Change Date b)' more than tl,ln rprrent from the rate of interest 1 ha\'e been paying for the prC\.-eding tweh.e months. The minimum inlerest rale on this loan will ne\'er be 7 t;'. and the maximum interest rate will ne\'er be greater than 1 3.5 1;'.. less than (EI Effecti,'e Date of Changes My new interest rale \l\;U become effeai\'e on each Change Date. 1 \l\ill pay the amount of my new monthly payment beginning on the first monthly pa)menl date after the Change Date until the amount of my monthly pa}ment changes again. (F) Notke of Changes The Note Holder will mail or deliver to me a notice before each Change Date. The notice \\;11 ad\;se me of: (i) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly pa}ment following the Change Date; (iiil any additional matters which the Note Holder is required to disclose; and (i\') the address of the association }'OU could contact regarding any questions about the adjustment notice. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instnunent is amended to read as follows: 4. Charges: liens. Borrower shall pay all taxes. assessments. and other charges. fines. and imposilions attributable to the Property which ma)' attain a priority o\'er this Security Instrument. and leasehold pa)ments of ground renlS. if an)', in the manner pro\;ded under paragraph 2 hereof or. if not paid in such manner. by Borrower making pa}ment, when due. directl).to lhe payee thereof. Borrower shall promptly furnish Lender aU nOlices of amounts due under Ihis paragraph. and in the e...ent Borrower shall make pa}ment directly. Borrower sbaH promptl)' furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority' O\'er this Securit). Inslrument; hoWC\'er, Borrower shall not be required to discharge any such lien so long as Borrower: (al shaU agree in writing to Ihe pa)ment of tbe obligation secured by such lien in the manner acceptable to Lender; (bl shall in good faith contesl such lien by, or defend against enforcement of such lien in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or an)' part thereof; or (cI shall secure from Ihe holder of such lien an agreemem in a form satisfactory to Lender subordinating such lien to thh Security Instrumem. If Lender determines that all or any part of lhe Propert)' is subject to a lien which may attain a priority over this Securit). Instrumem. Lender shall give Borrower a notice identif);ng such lien. Borrower shall satisfy such lien or lake one or more of lhe actions set forth above within ten days of the giving of the notice. L C. NOTICE Uniform Covenant 14 of the Security Inslrument is amended to read as folio",\: 14. NoUtt. Except (or any notice rCQuired under applicable law to be gJ\Oen in another manner, (a) any notice to Borrower pro\Oided for in ttu... Security Instrument shall be given by delivering il or by mailing It by fj"l class mail 10 Borrower althe Property Address or at such olher addre" as Borrower may designate by nOllce 10 Lender as provided herein. and (bl any notice to Lender shall be gi\ en b) first cia" mall to lend,'" addre~\ Slated herein or to such othe, address as I.ender may designate by nOllce to Borrower as prOVIded herein. Any notl<'e I'",nded rm Illlhi, Security Instrumelll shall be deem,...! 10 have bero given to !loriO"er 0' lender when gl\'enlllthe manner deSlgnaled herelll " ~