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ADJUSTABLE RATE RIDER (1 Year Treasury Index-Rale Caps) TIllS ADJUSTABLE RATE RIDER U made 'hi. ~daYOr October .19~, and Is incorporated Inlo and shall be deemed to amend IlDd supplement the MOr1gftge, Deed or Trust, or Security Deed (the IlSecurlty Instrument"') of the same date Riven by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to HOME FEDERAL SAVINGS I LOAN ASSOCIATIDN OF GRAND ISLAND. NEBRASKA (the "Lender") 01 the same dale and covering the property described in the Sa:urity Instrument and located at: 88-105734 ]405 S. Eddv and 2320 N. Howard, Grand Island, Nebraska 68801 (Property Address) ThIs note coatalDl proYiliOlll IIIowlq for cbllllel 10 my interest nle aad my mODlbIJ p.ymeau. 1'IIls nole "'0 IimIII tbe amounl my laterat nle can cblnle a. la, ODe dme Ind aIIo the mlalmum.ad the maximum nle I mUll pay. ADDmONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree 8.5 follows: A. INTEREST RA'IE AND MONTHLY PAYMENT CHANGES The Note provides for an initiallnlerest rate of 10.5 1IJo. Section 4 of the Note provides for changes in the interest rate and the monthly payments, 115 follows: 4. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES ~~in~"::;'::::iU pay may change on the firs' day 01 March ,19~. and 00 thatdayevcry 1 ? months thereafter. Each dale on which my interest rate could change is called a "Change Date. to (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly .avcrqeyield on United StaleS Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent lndex figure available as of the date 45 days before each Change Date is called the "Curremlndex." If the Index is no longer available, the Note Holder will choose a new index which is based upon compuable Information. The Notc Holder win give me notice of this choice. (C) CakulalJoa of CbaDaes 8cforecach Change Date, the Note Holder will calculate my new interest rate by adding rhrJ::lI::I f., nne-hal f percentage points { 3.5 'To) to the CUrrent Index and rounding 10 the nearest 1/8th of 1%, subject to the limits stated In Section 4(D) below. This rounded amount win be my new interest rate until the nat Change Date. The Note Holder will then determine the amount of the monthly payment that would be suffidenl 10 repay in fulllhe principal I am apcctcd 10 owe on thai Chanle Date in substantially equal payments by we maturity date at my new Interest rale. The result of this calculation will be Ihe new amounl of my monthly payment. tD) UmllI OD lalnatlbte a..alel The inlerest rate J am required to pay al the first Chanse Date will not be greater than --1 ~ "'tor less than a n %. Thereafter. my interest rate will never be increased or decreased on any sinlle C~ Dale by more than Wo ?~ from the rate ofintcrcst I havc been payins for thepreccding twelvc months. The minimum inleresl rate on this loan will never be less than 9 ll'Jo and lhe maximum interesl rale wiD never be ITcater lhan 16 lIJt. (E) Effective Ollie of Cb.aps My new interest rate will bl:COme effectivc on each Chanse Date. I will pay the amounl of my new monthly payment beaInnina on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) NotJcoolC/wlps The Nole Holder will mail or deliver to me a notice before each Change Datc. The notice will advise me of: (i) the new interesl rate on my Joan IU of the Change Date; (ii) the amount of my monthly payment followin8 lhe Change Date; (iii) any additional matLers whlc:h the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustmenl notice. B. CHARGES; UEr;S Unifonn Covcnanl4 of the Security Instrument is amended to read as foUows: 4. 0wIa; lJeaa. Borrower shall pay all taXes, assessments, and other charges, fines, and impositions Iluibutable to the Property which may attain a priority over this Security Instrument, andlcaschold payments ofg.ound rents. ifElllY, in the manner provided under parqraph2 hereof or, if not paid in such manner. by Borrower making payment, when due, directly 10 the payee thereof. Borro'Wa'shall promptly furnish Lender all notices of amounts due under this paragraph, and in the event Borrower shall make paymenl directJy, Borrower shall promptJy furnish to l...a1da n:cdpts evidmcina: such payment!:. Borrower mall promptly discharje any lien which hI! priority over this Security Instrument; however, Borrower shall not be required to discltarsc any such lien so 10111 as Borrower: (a) shall agree in wrilina to the payment of the obliption secured by such lien in the manner aa:cptable to Lender: (b) shan in good faith contest such lien. by, or defend apinst enforcement of such lien in, lep1 procccdiRg!l which in the: opinion of Lender operate 10 prcveDlthe enforcement of the lien or forfeiture of me Property or any part thereof: or (c) sba1l secure from the holder or such lien an qrcement in D form satisfactory to Lender subordinaUDllUch lien to this Security lIlItrumenL If Lender determines that aU or any part of the Property is subjcct to a lien which may attain a priority over this Security Instrument, Lender sballlive Borrower . notice identifying such lit:n.. Borrower shall satisfy such litn or take one or more of the actions set forth above within lea days or the livinlofthe notice. C. NonCE ~niform Covenant 14 of the Security Instrument is amended to read as follows: ... Nolk:e. Except for any nolia: lUIuired under applicablc law to be shren in another manner, (al any nolice: 10 Borrower provided for in this Securily Instrument Iihall be slven by dcJlveringlt or by mailllll il by fint class mail to Borrower al the: Propcny Address ur at such other address AI Borrower may dcslp1ate by notice to Lender as provided herein. and {b) any notice: TO Lender shall be liven by first class maillo Lcnder'.~ addrns It.led hcrc:inar to IUch other addrcu as. Lender may desianat~ by nOlier 10 Borrower IUo provided herein. Any noUet' rrovidl!d for in lhll Srcurity Imtrumcnt .hall be dt'erf1ed 10 h.I"'c: been IivCl1 to Borrower or Lender when givCl1 In Ihe manner desi,nated herein