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A DDJ€ STABLE RATE,R1 1DER i Year.Ttrasirty'Indn-Rate Caps) g8-- 104591, . THIS ADJUSTABLE RATE RIDER ismadethis 19 dayof Atlqust 19 _191.~ 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 secti-e Bormwer's Adjsscabie Rate S+%te Ittlie "Note") to ROME FEDERAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAWD NEBRASKA (the "Lender") of the same dace and coverinr, the property described in the Security Instrument and located al: 309 Lakeside Drive, Grand Island, Nebraska (Property Address) 't'his note con:dots provisions alirowing for changer; in my Interest role and my monthly payments. 'this note also limits the amount my intertsl rate can change at any one time and sbo the minimum and the maximum rate i mast pay ADDITIONAL COVENANTS. In addition to the covenants and agroctnents made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTERES'r RATE AND MONTHLY PAYMENT CIIAWS u The Note provides for an initial interest rate of ~ • _5c. Section 4 of the Note provides for changes in the interest rate and the monthly payments, a; follows. 41,. INTf_'RFST IiA7F," ANO MONTULY PAYMENT C/fANGES Q,M) ('hence 1"Utes Tlic interest rate 1h ill pa-. may change on the first day of _xsJ Y -.19 89 , and on that day every . -_._.twelve._ months thereafter. Each date on which my interest rate could change is called a "Ciiange Date." (h) The tildes Hcgimling s%ilh the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield ott 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 45 days before each Change Date is called the "Current Index," If the Index k no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Hoider will give me notice of this choice. (C) Calculatiou of Changes Before each Change Date, the Note Bolder will calculate my new interest rate by adding _LwQ and pnB-half percentage points Y~o) to the Current Index and rounding to the nearest 1/8th of 1479, subject to the limits stated in Section 4(D) bellow, This rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine [tie amount of the monthly payment that would be sufficient to repay in full the principal I am .:.petted to otvc on that Change Date in r;ubstantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new ammount of my monthly payment. (D) Limits on Interest Rate Chang.-i The interest rate i am required !o pay at the first Change hate will not be greater than _ 5n rq or less than 7.0 re. -thereafter, my irate: est rate will never be increased or dmrm-;td on any single Change Date by more than two percent (21) ftom the rate of interest 1 have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than 7.0 % and the maximum interest rate wil! never beg. :ater than 13.5 (E) Effective Date of Changes My new;nirreo rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until t"r amount of my monthly payment changes again. (F) Notice of Changes The Note lioldcr will snail or deliver to me a notice before each Change Dam, The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Date; (iii) any additional matters which the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice: R. CIIARG4--';: LIENS Unifnrr Covenant 4 of the Security Instrument is amended to read as fo;!ows: 4. Charges: Liens. Borrower s1,711 pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain i. priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph Z hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Rorrower shall promptly futnisil to Lender receipts evidencing such payments, Borrower shall promptly discharge any lion which has priority over this Security instrument; however. Borro-,-er shall riot be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment rf the oblipatior, -ecurea by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, legal paoce dinxs which in the opinion of Lender operate to prevent the enforcei,tent of the lien or forfeiture of the Property or any part thereof; or (c) shall srrure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this 5ecerity Instrument. If Lender dctermiries that all or aty part of the Property is subject to a lien which may attain a priority over this Security Instrument, Lender shall give tiomower a notice identifying such lien. Borrower shall satisfy s,ich lien or take one or more of the actions set forth above within ten days of the giving of the notice, C. NOTiCF Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. :'slue. F.-.%cw? for any notice required under applicable law to be given in another manner, (a) any notice to Bt)rrol►•er provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail to Bo-rower at the Proper.y Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice t) Lender shall be given by first class mail to f.erder's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall be deemed to have bran given to Borrower or Lender when given t7 the manner designated herein.