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ADJUSTABLE RATE RIDER (I YexrTr...ury Index.Ral.Caps) THISADJUSTADLERATERIDERlsmldethis 16 day of November .19~ and is incorporated into Ind ahall be deemed to amend and supplement thn Mangasc, Deed of Trult, or Security Deed (the llSecurJly Instrument") afthe wne date siven by the undersigned (the lIBorrower") to secure Borrower's Adjustable Rate Note (the IINalett) 10 HOME FEDERAL SAVINGS. LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (Ih. "Lender") of the aamc date and .overins the property described in th. Security Instrument and located at: 88- 106253 1412 5. Eddv Street. Grand Island. Nebraska (Property Addrcss1 ThIs Dote roatallll proYIsIODl lIIoMaa for cbaapl In my lDlerest rate lad ID)' mODtllb' p.ymeall. Tbll Dote also Umlts [be Imouat my lateral rale caD CblDal at lay ODe lime aad alto the mlDlmum and the mulmum rate I musl pI,. l'i ; l::" I ~! ,.. Ii I: r \: l; ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender . ftirther covenant and agree as follows: . A, INTEREST RATE AND MONTHLY PAYMf1iTEfHANGES The Note provides for an initial interest rate of . OJ'o. Section 4 of the Note provides for chanlel in the Interelt rate Bnd the monthly payments. as follows: 4. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) Cba.... Data 9 The interest rate I wiJI pay may chanse on the first day of December , 19 ~, and on that day every twel va months thereafter. Each date on which my interest rare could change is called a "Change Dale." (D) n.IDdex BeginninB with the first Change Date, my interest rate witt be based on an Index.. Tht: "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of I year. as made available by the Federal Reserve Board. The mOllt recent Index figure available as of the date 45 days before each Change Date is called the "Current Index.." 1f the Index is no longer available. Ihe Nole Holder will choose a new index which 15 based upon comparable information. The Note Holder win give me notice of this choice. . (C) CakaIaUDD 01 CbIDS" D.lor. each Chans. Dale. the Note Holder will calculate my new interest rate by adding Three and one/half percent... points ( ~ ~ Ofa) to the Current Index and rounding to the nearest I 18th of 1000, subject to the limits stated in Section 4(D) below. ThIs rounded amount will be my new interest rate until the next Change Date. The Note Holder wUl then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am cxpcttcd. to owe on that Chanse Dale in substantially equal payments by Ihe maturity date at my new interest rate. The result or this calculation will be the new amount of my monlhly payment. (D) UmltI OD IOletal Rate ChllDReI The Interest rate I am required to pay al the fint Change Date will not be Breater than 1 3 . 5 tlJ'I or less than 9 - 5 1111. Thereafter, my interest rate will never be increased or dec:rca.sed on any single Chanle Date by more than tw~ f.er c.cnt (2 0) from.the rate of interest I have been paying for the preceding Iwelve months. The minimum Interest rate on this loan wit never be less than q n ll!o and the maximum interest rale will never be greater than 1 6 . 0 Of., (E) EfI..u..DaI.oICbanpl My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment bcsinning on the first monthly paymenl date after the Change Date until the amount of my monthly payment changes again. (F) Nolke 01 Cha..... The N('lte Holder will mail or deliver to me a notice before each Change Date. The notice wJll advise me of: (i) the new interest rate: on my loan as of the Chlmac Date; (II) the amount army monlhly payment following the Chanse Date; (iU) any additional matters which the Note Holder is required to disclosej and (iv) the address of the association you could contact regarding any questions about the adjustment notice. B. CHARGES; UENS Uniform Covenant 4 oflhe Security Instrument Is amended to read as foUowa: 4. Oaarats; 1JeIII. Borrower shall pay all lUes. 8SSe5SmenlS, and other charges, fines, and impositions attributable to the Property which may attain B priority over this Security Instrument. and leasehold payments of ground rents, if Bny. in the manner provided under paragraph 2 hereof or, if not paid in such manner I by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all ~otices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lende. rcccipU cvidenclns sucb payments. Borrow.r sball promptly dlscharg. any lien which has priority over this Securily Instrument: however, Bonowcr shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing 10 the paymenl or the obligation secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such Den in.lcpJ proceedings which in the opinion of Lender operate 10 prevent the enforcement of the Uen or forfeiture of the Property or any part thereof; or (e) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security Instrument. If Lender detcr'mlnes thai: all or any pan of the Property is subject to II lien which may attain a priority over this Security IDlItrument, I..cDdcr shall live Borrower a nolice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions let forth above within tendayt ofthc sivina of the notice. C. NOI1CE Uaironn Covenant 14 of the Security Instrumenl is amended 10 read as follows: ~ ... Nodm. E&c:cpt for any nolice required under Ippllcab1e law to be Jiven In another manner, (a) any noLice to Borrower provided for in this Security lRJ1.rument.haD be Jiven by deliverinalt or by mailln. it by fiut class mail to Borrower at the Property Address or alsuch olher address as Borrower may daianate by notke to Lender .s provided herein. and (b) any notice 10 Lender ,hlll be given by fint class mail 10 Lender'~ ~s staled heftin or 10 such olher .ddren.. Lender may deslpl&le by notice to Borrower as provided herein. Any nOllct provided for in this SecurilY Imtrumenl shall be decmed-10-havc been liven to Borrower or Lender when liven in Ihe manner desianaled herein.