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<br />ADJUSTABLE RATE RIDER
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<br />88- 104750
<br />
<br />(I Venr Trr:alury IndCJl.Ralc Cllpi)
<br />
<br />TIllS ADJUSTADl,E RATE RIIJER i. madothi. __ 30th d,yof August , 19~.
<br />and i.s incorporated into and shall be dC'Cl1\oo In amend and supplcmenl the MorlBage, [ked of Trust. or Security Deed (the "Security
<br />Instrumen'"') of the same dale gi,"cn by the undersigned (the "Borrower") 10 secure Borrower's Adjustable Rale Nole (the "Nole") 10 HOME
<br />FEDERAL SAVINGS' LOAN ASSOCIATION OF ORAND ISLAND. NEBRASKA (the "Lender") of the same dale Bnd covering the
<br />property described in the Security Instrument and localed Ilt:
<br />
<br />2511 West 5th Street. Grand Island, Nebraska
<br />(Property Address)
<br />
<br />This nole ('onl.llu prodslonl IlIo"lnl ror eblnlltS In my Internl nile and my monltlly
<br />payment... Tbl" n011l! also limits lbl' amounl mJ' Inlrrn1rall! can ('baOlt al aoy one lime and
<br />ahn Ihr minimum and the mnlmum fIIlt I musl p.y.
<br />
<br />ADDITIONAL COVENANTS In addilion 10 lhe eOl/enanlS and agr~ment.... made in the Security Instrument. Borrower and lender
<br />further covenaDl and agree ll~ follo"'~:
<br />
<br />A. 1Nn:RF,!" RATE AND MONTHU PA\'M.:,,?; ~IfNGES
<br />The Note provido for an iniliallnlcre~l rale "f _.-.---:._~ 11'11. Sn'hon.& of the NOle pr01of1dcs for changes in the imerest rale and the
<br />monthly pa)menu. IlS follow\:
<br />
<br />4. '^7EREST R.4 TE AND .\tONTlII }' /I." n'EST CIIA.....G!::S
<br />IAI Cha. DIlle!
<br />The interes.t rate I \.\'illpa~ nuy chan~e on Ihe flT\1 dll)' of S.eptember ____ ~_ .__, 19 ~. and on thllt day every
<br />tl,I&:::lll.J:I mnnth\ Ihere'<lllcr. Each dale nn ....hleh m\ Inlcrt"1tt rail' l:lluld chanp:e i\ called a "Change Dale_"
<br />
<br />(8) The Indn
<br />Beginnmg With the flnl Change Dale, m} m'el~1 TIlle ~111 he haloed 1111 all Indell rhe "Index" 1\ the weekly average yield on United Stalo
<br />Tn:a...ury !occurilies. adjusled fa a cnn..tant malurlly of I ,'ear, a\ marJe a' aliahlr h, lhe Federal Re~erve Board. The most reo:nl Index figure
<br />available;u uf lhe date 45 da)'\ befure each Change Dale 1\ called lhe "( urrenl Indell ,-
<br />If lhe Indo i!o no longet a..ailahle, the NOle Holdet ~1I1 dlOn..e 3 11('\110 II11JeIl IlIhlCh l~ ba~cd upon comparable information. The NOh:
<br />Holdet ,,111 gh'e me nolice of lht~ ~holl':("
<br />
<br />to Cakugdoa or Cbn~
<br />Before each Chan,t::e Dale_ Ihe NUle Holder Will ~kulale my new Inlett"1tl tale h) addmp. ~~o _ &, one/ha 1 f penXnlnge
<br />pomls I '? !it _ "a I 10 Ihe ( urrenl Indo. and round ins 10 Ihe neareo.l I'Hlh 01 1-;', 'lublCl:1 10 lhe IImils slaled in Scrlion 4(D) bdoVt.
<br />This rounded amounl ",'iU be my n("VI mlet~l rate unlilthe nell Change Dale
<br />The Note Holder ",'iII Ihen delermme the amounl (If lhe monlhly rlllymenl thai 'oIoould he \ulTiclent 10 repa)' in fulllhe principal J am
<br />e"pcctcd 10 ""-e on thaI Change Dale III w!;l~lantiall~- equal payments b,. I~.e malunl~ dale al my new mlere\1 rale, nle tesuil of Ihis calculation
<br />....i11 be the nN amount of m\- mlllllhJ~ pa,.'mem
<br />
<br />(Dl )JmJb oa lalrn.1 Rail' (-iaUIft
<br />me mterot rale I am lequlTerl 10 pa~' al Ihe fint Change Dale ....111 nOl ~ B-realer. lhan ._. 11 lli.t~6 les~ih~nt
<br />7 00 r.. T"hcrea'lt'r, m~ tnlt're!>1 r.ut' III III f1e\er be tno,:rC'Jls.ed or dcxu:.a.\ed un IIn)' ~mttle (haoge Date by more lhan p C
<br />----L21L from lhe rale III IntelC"1 I ha~'e been pa~1ng lur the precedlntl; lwd\e month\ The nummum Inleres.t rale on lhisloan will never be
<br />le1o\ lhan _ __1---D11- "a and Ihe malllmum mlete!ol rale will flC'\'cr be grealer Ihan ~_~p_ ____OJo_
<br />
<br />It:, t:J'fKlhr Dall' 0' ('h.ntn
<br />M!> ne'olo mlerOl nue ""111 ha.:llmt tfla:me 011 each Change Dale I ",\II pa~' Ihe amoUll1 uf my new monthly pa)-menl beginning on the n~l
<br />monthl} p.I~menl date .afrer Ihe <.. nange Dale umillhe llmount of my monthl)' paymenl chang~ again.
<br />
<br />(}) !"lIolkr of l'bl.DltII
<br />The Nole Holder will m:ullll ddl\'er III me a notlet' before each (,han~e Dale fhe nulll."(' \10'111 ad\'I!oe me of:
<br />III lhe ne~ mler~t rale ~'n m~ loan as of the Change Dale;
<br />(ill the amuunl 01 m~' mumhly pa~ment follo"'-Ifl~ lhe lllan[fe Dale,
<br />(liil an)' .addltlUmU manen l4'hlCh the Note Haidet 1\ required 10 dl~d[)\.C'. lInd
<br />1t\1 Ihe IIddra~ olthe IL.\!l-UCIOltlllfl ~ou c\lulrJ cont.:!,1 rC'J1udmS an) ~..nllofl~ aboullhe ad)mlrnent notICC'.
<br />
<br />B. CHARGES; UL,"S
<br />UmformCo\nlanlol (If Ihe Sa:unl) In.\trument I~ amended 10 lead 4!llolI()",~
<br />
<br />.t. 0uIrps; I..Je.. Borrollla lhall pa}' all UUC!o, iUt.!oCUmenl~, and OlhC'l' charE;C'!>, lino, and ImflO'.olllorn attnbutable to th~ Propeny which may
<br />aUaln a pt1oril)' mer Ihis Sttunl~ lru.lIument. ItOd 1t'II!>ehold p.1)"ITlenU of p:round rent!., If an~'. in the manner pro\'ided under paragraph 2 hereof
<br />Of, if nOl paid in ~udl manner. by DorrO'oloC't malll1il pa~ment. y,hcn due, dnlXtl)' 10 the pa!o'~ lhereof, BorrOwer s.hall promptly furnish lender
<br />all nOli('t;\ of &mounts due under tM paragraph, and in the C"o"t"lIt Borro.'CT ~hall make payment dum I)', Borrower shall promptly fumi~h 10
<br />lc:Kkr rttcipl!o evtdcu:ini ~udl ~)mc:nl', Borro.'a lh.U promptly dl:l.Charlle an~ hen which has. pnonly o\'et Ihis SecurilY Instrumenl;
<br />hoa'C'lle'l'. BoTTo.'a ,hAll nOl be rrquued tu dlM:~rlle an)" iurn lien f.O long as BofTtlwer: (a) !>hall agree In wnting 10 the paymenl of lhe
<br />obliption ICCUled by !oueh lien 10 Ihe manner alo.;.-eplahle 10 lender: (hi ,hall In good farth conte'l;l ~uch lien by, or defend againsl enforcemenl of
<br />such Urn in.lqaI proca:dtngl. which In Ihe opimon of Lenda opt:rale 10 prr:lienllhe enfon."'C'Dlenl 01 the hen or forfeiture of lhe ProperlY or any
<br />pari t.hcrtnr; or (el ,hall ~re from lht hold.et of ~uch hen II.n agreemenr 111 a fonn !.atl~flJC1oty to lender \ubordmaunj such hen 10 Ihi\
<br />Sccuril)- Imlrumall,
<br />If Lcnda dc1.ennmes lhat .U or lU1)' pan or the Property I" subJIXl 10 II Iit'n WhlCh may aualn a ptlOnly O\ler thl\ SeeUnl)' In\lrum!:."nr.
<br />Lrndet ,haIl "lie EIorTo.et a nOher ldenllf,.,ns 'lllch lien, Borro'Atf \hall 'o311!.1)' !ouch hen or UI"t' one 01 more 01 Ihe nClions '-Cl fonh ah""e
<br />.-llhlD len dalys of the 5:1'l'in, ollht- notice
<br />
<br />c.. Nfmt..-.:
<br />UnifonnCovenant 14 of the Sn.-url1,. Imlrumem It amended 10 read a~ '1)1I~1."
<br />..- ,....., Eacep1 for all}' nntl::T 'C'l4Ulrt'd urWet apphcablt lalll tn ~ e.J\'r:rl In anluhn mannn. lal an\ nllll\.""t' 11.1 UOrTO\\C1" J'lro\IdCt.lI\>t In ltll'
<br />Srcuru, In\trutnnll .1u.1I he IIH~n t" drll~n"lDJllt or h" maihn, II h-) fUll din. mlui 10 BOrTlI"'t"f allll(' I'rnrerl\ AddrC'\\ Uf al \lh:h ,'lhrl addrt'..~
<br />lb Borr[J$U nlII,. d~l,pt.I.te h~ 001\,,;(" It: I cndt"f ,IlL J"!'O'tllkd hacm, and Ihlltn~ nolll"t 10 I ("ndC'T .hAlI he'" j1.1\("1'I h 111\1 di\" mo1l1 '" I C'Tl\kr ,
<br />addln. \1.,Iled hernn (d ttllu..h oth~ .dJrt'\o.~ ;all end" na, dl:'llsnatr b\ 1l""K(' It~ U..nn..n a. p""ldn:J IINnn -\11\ n"'I.c- p.,,, ,';...1 h., III "II'
<br />~unlJ In.lrumn:ll .b.aJ1 ~ Ikc-rnn11,' h..~(" tl('TfIliI'\-~ Iu [k,rr{'lllC1I1I{C1I1.k, ..h("fljtl'eTl In 'he m.lIlf1n d(""l.llIrt.1lrd h("1'I;"tl
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