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ADJUSTABLE RATE RIDER (I Year Treasury Index-Rale Caps) 88- 105141 THIS ADJUSTABLE RATE RIDER Is made this ...22n.d-day of Sp.Dtember . J9--8B.-, and is Incorporated Jnto .nd shall be deemed 10 omend and supplement the Morlsage. Deed of Trust, or Security Deed (the "Sec:urity IDummeRt") oflhc same date given by the undersigned (the "Borrower") 10 secure Borrower's Adjustable Rate Note (the UNote") 10 HOME FEDERAL SAVlNQS a LOAN ASSOCIATION OF GRAND ISLAND. NEBRASKA (the '"Lender") of the same dare and coyering the propeny described In lite Sccuril)' Instrument and located 01: 660 N. Orleans. Grand Island. Nebraska 688m (Property Address) ThIs note contains provlJloll! aUowln. ror chanles In my Inlensl rate and my mOD'hly PlIJ'mCDu. Tho Dote also limit.!! Cb amount my Inlemt rate tan chanle II any one tlme and also the minimum and tbe maximum rate J must ply. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender funher covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of ten ClJo. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) CIwlge OtI'ts The interest rate I will pay may changc on the first day of March , 19~. and on that day every 12 months thereafter. Each date on which my interesl rate could clm~,ge is called a "Change Date." (8) The lad.. Beginning widl the first Change Date. my inlerest rate will be based on an Index. The "Index" is lhe weeldy average yield on United Slates 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 [ndex is no longer available, the Note Holder will choose a new index which is based upon comparable information. The NoI,e Holder will give me notice of this choicc. (0 CalculatlOD Dr Chanles Befor.e.each Change Date, the Note Hold.er will calculal.e my new inlerest rale by adding three & one-hel f percentage points ( 3.5 'fa) to the Cu~nt Index and rounding to the nearesl 1/8th of IlIJ'o. subject to the limits stated in Section 4(D) below. This rounded amount wUJ be my new interest rate until the next Change Date. The Note Holder willlhen determine the amount of lhe monthly payment that would be sufficient to repay in full the principal I am expected to owe on that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. (D) UmllI on Inla'rsl Hair Cbange!! The i.nterest rate I 11m required 10 pD.)' iU lhe first Change Dale wUl not be grealer than 15 - 0 OJlI or Ic:IIs than 8.0 .". il~ll;ft;/hl\~1'aY.1Q\lIl'i~~~;g~~l\it:~~:(j(,~~~~WXXXXXXXXXX XXXXX!fn.llRl\~lll\I\Itllll<\l\;l(~~iQil~)fIliJ\Kl,l\-Wil\&<"""~l\lIl6~" The minimum interest rate nn thi, loan will nevor he lessthan 8.0 Ofoandth~maximumlnterestratcwillneverbegreat.erthan 15.0 %. (E) mecllye Date of Change!! My new interest rate will become effective on each Change Dale. I will pay the amount of my new monthly payment beginning on the first monthly payment date after tlle Chang~ Date \lntil the amount of my monthly payment changes again. (F) Notice or Chanles The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; (n) 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. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chargesi IJeDS. Borrower shall pay all taxes. assessments, and other charges, fines. and impositions attributable (0 lhe Property which may attain a priority over this Security Instrument. and leasehold payments of ground rents. if any. in the manner provided under paragraph 2 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 shaU make payment dir.ectly, BOrrower shall promptly furnish 10 Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall not be required (0 discharge any such lien so Jong as Borrower: (a) shall agree in writing to the paymenl of the obligation secured by such lien in the manner aCttptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of such lien in,legaI proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof~ or (c) shall secure from the holder of such '~n an agreement in a form satisfactory to Lender subordinating such lien 10 this Sec:u.rity lnstrumml. If Lender d~ennincs that all or any part of the Property is subject 10 a lien which may attain a priority over this Security Instrument, Lender sitaII live 3orrower a notice identifying such lien. Borrower ~hall satisfy such lien or take one or more of the actions set forlh above within tm dlys of the giving of the notice. C. NOTICE U~fonn Covenant J4 of the S.ecurity Instrument is amended 10 read B5 follows: '4. NDIb. Except for any notice required under applicable law (0 be given in another manner, (a) any notice to Borrower provided for in this Security Instr.unent shall be given by delivering it or by mailing it by first Clas5 moUlo Borrower al the Property Address or at such other address u BolT01Wer may designate by noti~ to Lender B5 provided herein, and (b~ any notice 10 Lender shall be given by first class mail to lender's addra\5t&led herein or to such otl"!; addrCS.!i as Lender may desianate b)" notice to Borrower as provided herein. Any notic.e provided for in t11i~ Security Insuumenl shall be deemed to have been given 10 Borrower or Lender when given in lhe manner designaled herein.