|
<br />, . .
<br />
<br />ADJUSTABLE RATE RIDER
<br />(I Year Treasury IndUo.Rale Capa)
<br />
<br />THISAO)U8TldILERATERIOERlsmaclelhls~"iftl1daYOf,. April .19~
<br />and II IRClIl'JIOrated .Inlo and shall. be decmedlO ~end and supplemenl Ibe Mortsase. Deed of Trusl, or Security Deed (lbe "Securily
<br />IllIlfUment")of Ihesame dale a!Valby Ihe uiulerli&ned (lbe "Borrown")to secure Borrower's Adjusllible Rate Note (Ihe "Note") 10 HOME
<br />FEDERAL SAVINGS' LOAN ABSOCIATlON OF GriAND iSLAND, NEBRASKA (the "LeDdei''') of the same date lIIId coverlnllbe
<br />~deserlllcd in the SecurilY Iflilnuilenl and localed al:
<br />
<br />24lBNorth.Webb Road. Grand Island, Nebraska 6B803
<br />
<br />(Property Addras)
<br />TIIII .... co..... ........... ....... f..... ...., 1.lend .... ud .., __
<br />PDJ..... nil..... n.1I ......_.., 1.1inIC.... c:u cbIIp' .1.., 0.. .... Ad
<br />.. 1M ....... ud .... aiuJ~llI. rale I......,. '
<br />
<br />8S....
<br />
<br />102172
<br />
<br />ADDITIONAL COVENANTS. In addillon 10 the covenanlund agreemenlSmade in lhe SecuriIY InstnImenl, Borrower and Leader
<br />further covenanl and a._ as follows:
<br />
<br />A. INTEIIIST RATE AND MONnlLY PA\'.'ltENT CHANGES
<br />The Note provides for lIII Inlliallnleresl rale of 9.0 .,.. SectIon 4 of Ihe N01e provides for dwqcs in the i01erest rate and the
<br />IIDIthly payments, as follows:
<br />
<br />.. INTEREST RATE AND MONTHL Y PA YMENT CHANGES
<br />(AI CIIuIt 0....
<br />The inlaal rate I will pay may clwlae on lhe flfst day of May , 19 ~,and on that day every
<br />I' months lhereafler, Each date on which myinten:st rate could chaa&e is caJJed a "ChanleDate."
<br />
<br />(II n.11IIIn
<br />BeainnlRI wilb lhe nnt Clianae Date. my interest rate will be based on an Index. The "Index" is the weeklJ averap: yicId on United Stares
<br />TRUUf)' IClClIfilia adjusted 10 a conslanl maturity of I year. as made available by the Federal Reserve Board. 1be most _ Index flpfe
<br />available as of the dale 45 days before each Chanae Date is called the "Current Index."
<br />If the IncIn Is no loncer available. Ibe N01e Holder will choose II new Index which iJ based upon comparable information. Tbe NoIc
<br />Holder wID live me notice of tbls choice.
<br />
<br />(C) CaIaIIdH ofOlapl
<br />Before acb CIJanp Date, lhe Note Holder wID c:ak:uIate my new Inlerest rate by addiDa t hrF!F! pcnleIIIa&Ie
<br />poinII << J . 9 'Ii) 10 lhe Cumat Index and roullllinllo lIIe nearesl Il8th of) 'Ii. subjedlO the IImiIs -m iD Sedioa 4(0) bdow,
<br />ThII rauncIed amount wID be m)'newlntaat ..te untIllIIe aat CIJanp Date.
<br />TIIlt Nole Holder wID then delC11DiDe the amount of the rnooIhIy payment that would be sufflciall to tepa)' iD full tbe princ:i.,.J I UII
<br />apecled to owe 011 that CIJanp Date In substanllaUy equal paymettlS by the matwil)l dale allD)' _ iDtaal rate. The raub of Ibis ClIIcuIaIioa
<br />wID be tbe _ UIIOUJIt of m, monthl, JIIo)'IItCIIt.
<br />
<br />(D) ....... .....1...CIIupI
<br />Tbe lntcrest rate I am rcquImt 10 pay II lhe lint c:1wtae Date wID DOl be pater Ihatt 9 . 5 .,. or less Ihatt
<br />B. S .,.. 1bcrafler, my intcral rate wlDncver be Inc:reued ordecrased onaDJsirqJc CIJanp Date by _Ihatt hln
<br />:2 f..... tbe rate of Interest 1 have been parinl for the ~RI twelve 1IIlIIIllu. The miaitmIDIlnlcrest Talc on Ibis loan will never be
<br />leudllllt ArC; or.andlhemultnumintaatralewiUneverbepatcrthan 14 .... The max~num interest rate
<br />the ,nd waar.will cct be greater than 9.5~: the Jrd year the interest rate w1ll not be greater
<br />,., ---C8tlIB than l~.
<br />M, _Interal rate wID become etTccClve on each CIJanp Date. I wUl pay lIIe amount of my.. moalhl, payment Ilq/JmiJlI on the first
<br />~, PQIItCnI dale Iner the C1wl&e Pate untlIlheamount of my monlhly paymettt cban&a apIn.
<br />
<br />CfJ N....,CIIupI
<br />Tbe Nole Holder wID mall or dell_lo me I notice before each C1wl&e Dale. Tbe notice w\U advise me of:
<br />(I) lite nrwlruerat rate on my IoaJt U ofllle CIJanp Dale:
<br />(i1) tbe amount of my monthl, payment followlna the Otanp Date;
<br />(U11 IlII1 addllioaal matters whldt lhe Note Holder is required 10 disdose: and
<br />(Iv) tbe atIdJaI of \be UIOCiallon you could conlll:t rcprdIna an, quatlOlll about the adj\lSlltlet1l noIiw.
<br />
<br />.. aL\ItGF.S; UENS
<br />Uaif_ CovCIIIJtt 4 of lite Securil, Instrumenl Is aIllaIded 10 read as follows:
<br />
<br />.. ~ ....... Borrower shallpa, J11Iua, _IS. and other charla, finn, and impoIIdolll attribullble 10 \be PnIpert, whic:h ma,
<br />aIIlIln. priorit, _ibis Securil)' Instrumenl, and Jeuchold paymal\l of around realS, If aDJ. In \be manner provided under puqraph 2 hereof
<br />or. If aoc PlIid Ia such manner. by Borrower makltta paymenl, wfIen due, dira:tly 10 the payee thereof. Bon-oweuhaU promptl, fumisb Lender
<br />a1111G11t:a of __ due under IhIt paraanpb. and in lhe evallllorroWer shall make payment directly. Borrower shall promptI)' fumisb to
<br />LatdIr ncdpll evIcIcnc:Ina such pa)'lllelrll. Borrower shall prompd, dbcharae IlII1 lien which has priorily _ IhIt Securil)' Inslrumau;
<br />--, Borrower lhallaoc lie iequIQd 10 dilrhar&e any such lien 10 IDIlI u Borrower:.{a) shall qne In wrilin& to lIIe paymenl of lhe
<br />obIptlao.....1I7 1uc:ll1Ien Ia tbe manneracllCJlllble 10 Lender; (b) shall in aood fallb contallllCh lien by, Dr defend apinsl enfon:emcnt of
<br />such... ",1rpI procaedIap whicIt in tbe opinion or Lender operate 10 prcmlllIte enfon:ement of the lien or rorfelture of lhe PnIperty or an,
<br />ptIrt .....,,: . (cJ shall - from lIIe holder of such Ilea an qJWI'ICtlt Ia . form IIlllfadOly 10 Lender IUbordilllliRlsuclt lien 10 tills
<br />lIIatdI)' ..........
<br />IU...- daCInttI_ thai aU 01' any part or the Propan, IIsubjeo:t 10 a lien which may altaln a priorlly over Ihis Security InSlrumenl.
<br />LIlIIIIIr",1M Borrower IIlOIIce IdenUr)'ina such lien. 80rnnra shall IIlld)' luch lien or like one or more or Ihe K1lort1 lei forth lbove
<br />wIdtItt ""'of the &Ivbtaof lhe nodce.
<br />
<br />c:.. NOIICIt
<br />Ualfora CuwIn\IlIt 14 of I" !lecurlly Instnttnent Is lUtletIded 10 read as follows:
<br />
<br />....' ....... e.apt fOl' ..., notice required under appIJeable lI.iO be liven In IIIOIher manner.la) any n01ke 10 Borrower provided lot in lhi,
<br />1ecttI'il)I11IIlntntent'" bellm1by dellver1n.l. Of by mllllRJ II b, nflt dUl maU to Borrower allhe Propetty Mdre5\ or at sll\:h llther ad"~"
<br />. ~ ma)' 4nlpaat by nolalo Lender .. provided hemn, and (b) any notlct! to l.cndrr shall be .lm! hy nut clast maUll> I,end.,',
<br />1ddralI....... herdn or 10 I1ICf1 OIlier addmt .. l.endft mar cIeIlJRale by notice 10 Borrower .. ,"ovlded he~ln, Any nOlle. II,o\'lded rOl in Ihi\
<br />IInriI)' "'_1 thaUbtdclemed 10 have been liven to BorrowlIf or I.ender.heft liven In lhe mann" dn1lnaled httdn,
<br />
<br />J
<br />
|