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ADJUSTABLE RATE RIDER (I Year Treasury Index-Ralc Caps) 88- 106127 THIS ADJUSTABLE RATE RIDER b madelhl. 7th dayof November .19~. IUllJ is incorporated Into and shill be deemed to amend Bnd supplement the Morllllc, Deed of Trust. or Security Deed (the "Security !nstrumentU) of the same dale allieD by the undersia:ned (the "Borrower") to secure Borrower's Adjunable Rate Note (the "'Note") to ~ FEDERAL SAVlNOS I LOAN ASSOClAnON OF ORAND ISLAND. NEBRASKA.!lhe "Lender") of Ihe ,ame dale and coverlns Ihe plOpeny desalbed In IheSecurlty IDllIUmen. and located at: 3624 Schroeder Avenue. Grand Island. Neberaska (Property Addr...) TIdJ Dote coatalDl prorillODl' aUowlal for waps 10 my lateral ....e lad my moalbly paymenll. ThII Dote also Umlta the Imoual my Interest nl, CloD dllDle at Iny ODe lime IDd also tbe minimum aDd tIae mulmam rate I mul PiI,.. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower Bnd Lender further covenant and agree as follows: A. INTEllEST RATE AND MONTHLY PAYMENT ClfANGES The Note provides for an initial interest rate of 11 . Ufo. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: .. lNTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) Chaqe Dar.. 89 The interest rate I will pay may change on the first day of December , 19 _. and on that day every b.lP-l \lP- months thereafter. Each date on which my interest rale could change is called a "Change Date." :91;\ (8) Tbolod.. Beginning with tlle first Change Date, my interest rate will be based on an Index:. The "Indcx" is the weekly average yield on United States Treasury securities adjusted. to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Indcx figure available as of the date4S days before each Change Date is called the "Current Index... If the Index is no Jonger available, the Note Holder will choose a new index which is based upon comparable infonnation. The Note Holder will give me notice of this choice. (C) CaleDlallo. of ChaOR" Before each Change Date, the Note Holder will calculate my new interest rate by adding thrpP &. nnp-/h~ 1 f percentage points f 3.5 0Ja) to the Current Index and rounding to the nearestl/8th of 1%. subject to the limits stated in Section4(D) below. This rounded amount will be my new interest rate until the next Change Date. The Note Holder will then delermine the amount of the monthly payment that would be sufficient to repay in full the principal J 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) UmlII 00 laterat hie Chao.. The interest rate I am required to pay at the first Change Date will not be greater than 1 ~ n Dfa or less than 9.. 0 %. Therearter, my interest rate will never be increased or decreased on any single Change Date by more than tWD oercent l2 .. 0) from the rate of interest J have been paying for the preceding tweLve months. The minimum Interest rate on this loan will never be Jess than CI n lIJa and the maximum interest rale will never be greater than 1 6.. 0 DJo. lEI EllediY. Dale 01 Cbaqes My new interest rate will become effective on each ChanBe Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Dale until the amount army monthlY payment changcs again. (F) Notice of CUDles 1i1.~ 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 Dan:; (ii) the amount of my monthJy 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. CHAlIGES; LIENS Uniform Covenant 4 of the Security Jnslrument is amended to read as follows: .. CIIarJeIj 1JeaI. Borrower shall pay all taxes, assessments, and other charlcs. fines. and impositions attribuu.ble to the Property which may attain a priority over this Security Instrument. and leasehold payments of ground rents, if any, in the manner provided under parqraph 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 aD nouCCI of amounts due under this ;-magraph. and in the event Borrower shall make payment directly. Borrower shall promptly funiish to Lender receipts evidencing such paymenLs. Borrower shall promptly discharge any lien which has priority over this Security Instrument; ~, Borrower shall not be required to discharge any such Jien so long as Borrower: (a) shall agree in writing to the payment of the obtipuon sc:cured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcemenl of suCh Iicnln.lepJ proc=dinas.which in the opinion orLender operate to prevent the enforcemenl of the lien or forfeiture of the Property or any put 1beieor; or (c) sbaII secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security I-......m. If Leader dctcrm.i.nes that aU or any part of the Property is subject to a lien which may attain a priority over lhis Securit)' Instrument. I...cDdet s.ha:1 Jive: Borrower .. notice identifying such lien. Borrower shalt satisfy such lien or take one or more of the actions sel forth above within ten days ofthe aiviDl oCthe notice. C. NO'IICE Valform Covenant 140f the Security Instrument is amended to read as follows: -, M. Nada.. &t:epI for any notiee required under applicable 1..,10 be Biven in another manner. (a) any nOlice to Borrower provided for in this Security Insuument shaD be liven by dellverina it or by mailil1l it by fint class mail to Borrower al ehe Property Addrels or al stich other address u Bonower may dcsilU1e by notice In Lender as provided herein. and (b) any notice 10 Lender shall be given by first class; mail"lo Lcnder',\ addntllUllcd herein or 10 IUch other address as Lender may dcsilMee by notice to Borrower as provided herein. Any nolicc I1rO\'ided for in this Scaarity ]mtrumcnt Ihall br deemed to havl: bttn siven to Borrower or Lender when Jiven in ehe manner designDlcd herein