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ADJUSTABLE RATE RIDER (I Vear TreuulJ' Index.Rate Caps) 88-106333 THISADJUSTABLERATERIDERiJDWlethls 28th day of NouemhRT ,19~, and iJ IIllXlrpOfIled Into and shaD be deemed 10 amend and lupplement the Monllllle, Deed of Trust, or Sec:uriIY Deed (the "Securit)' Instniment1') or lhe same elite aiven by the undmianed (the "Borrower") to secure Borrower's Adjultable Rate Note (the "Nole") to HOME FEDERAL SAYINGS .. LOAN ASSOCIATION OF ORAND ISLAND. NEBRASKA (the "Lender") of the IIIIIe date and eoveril1llhe JlfOIlCIIY~bOd in the Securily lostrumenl and located II' 1625 Covent~y Lane, Grand Island, NE 68801 (Property Acid....) DIo 10" _.... pro_ aIIowIq for ....... la IIlJ ,Ia.....' n.. IIld ID, -Wr paJ'meab. nil Dote alto Umlb tbe ..oaat IDJ'lateral rate caa cbaae at .., oal! dale ud _ \be IIlbibauID IIld \be _aID n.. I lO1III pa,. 'r.. [;~ I" i: f:' ADDmONAL COVENANTS. In addition to the covenants and agreements made in the Security IDltrumeut. 'Borrower BDd Lender further COVCIlDIIt and _ as follows: l'] r~ h hi F P A. 1N1ERDlT.IL\TI! AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 8.75 Dft. Section 4 of the Note provides for changes in the interest rate and the monthlypaymmts,. as foUows: 4. INTEREST RATE AND MONTHLY PA YMENTCHANGES (A) ClaalcDa... Thein.....t rate I wm pay may change on the rust day of December ,19..ml-, and on that day cvcry 12 moow Lhercaftc:r. Ea.ch dale on which my lnfCrCSt rate could change is ca11cd _ "Chaoae Date.I' (II) The IDda IIcginning with the rust Change Date, my interest rate will be based on an Index. lbe "lndeJt" II the weekly a_ yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Baud. The mOlt recenllndex rJ.gUre available as ofthedate4S days before each Chansc Date!, cclIed the "Currenl IndeJt." H the Index is no lonaer evailable, the Note Holder will choose a new index which is based upon comparable information. The Note Holder wiD give me notice oftbis choice. (e) CaJcaIatlna of CIIaaps Bdorccacb Cbansc Date, the No.. Holder will calculate my new inter..t rate by addil1l two & one-half pcrccntase points t 2.5 "') to the Currcnllndex and rouadIna,to the IlCllrCSt 1/8th of] "', IUbject to the Umitlllated In Section 4(0) below. 1his rowuIedamounl will be my new interest rate until thenm Change Date. The Note Holder will tbcD determioc the omDUDt of the monthly payment that would be sufrtcient to ~y in full the principal 1 om apec:tcd to owe on that Culnge Dale in substantially equal paymenu by the maturity date at my new interest rate. Tbe result of this calculation will be the new amount of my monthly paymenL W) UadtloabtereltllaleCllaaps The intcrcsl .... 1 am required 10 pay at the rlflt ChIn&<: Date will not be srcater than 10.75 '" or Jess than 7 . 0 "'. Tbcn:aftcr. my interest rate will acver be iacrcascd ordccrcascd on any IJnsleChln&<: Date by more than -.iI"n (2" l from the ....ofinterest I bave been payins for the preccdil1l twelvemonths. Tbemlnimum interest.... on this loan will ncverbe less than 7.0 '" and the maximum Intcrcsl.... will never be sreater than ] ~ 7<; "'. lEI or_ Da.. of CIIaaps My.... interest rate will become effective on each ChIn&<: Date. I will pay the amount of my new monthly paymenl bcIinnll1l on the fiBt monthly payment date after the Change Date umiI the omDUDI of my monthly payment cbanacs apin. (F) Nollco ofCllaaps The Note Holder will mail or deliver 10 me a notice before each Change Date. The notice win advise me of: OJ the ....in.....t .... on my Inan as of the Change Date; (ii) the amount of my monthlypaymcnl followins the Change Date: (iii) any additional........ wblch the Note Hold.r is required to discIosc; and (iv) the adcireu of the association you could contact regarding any questions about the adjustment. notice. B. mAllGES; UENS Uniform CovcuanI4 of the Sec:urity 1mtrumcnt is IUIIClldcd to tad as follows: 4. ~ IJc-. Borrower shaD pay all IU.., 1lISCSSOICDIS, and other charscs. rm.., and imposilioos atlributable to the Property which may attain apriorityovcr this SccmiIy ImIrumcnt, andIcaschnld paymcms of srowuI rents, if any,in the manaer provided andcrparasraph2 bcrcof or. if DOl paid in lOch manner, by IIorrowcr mUia&paymcnt, ,wbcn doc, di=tly to the payee tbcrcof. Borrower shaD promptly furnish Lender all_ of IIIlOUIIls doc UDder this ~ and in the cvcntllorrowcr shaD make payment dircctly. IIorrowcr shaD promptly fumish to Lcndcr mzip!I cvidc:nciai sod1 pa}'lDClllL IIorrowcr shaD promptly discbarBc any !Icn which bas priority over this Security lostrumcnt: -. - shaD DOl be nquired so diJcbar&c any such !Icn so long as IIorrowcr: (a) obaII _ in wriIiDB 10 the payment of the ob1Iption_,bysod1!1cnin the manner a=ptablcto Lender; (h) sbaIIio good faith CODl<SI such lien by. ordcfcndapimtcaforcement of suchlicnia, kpJ prnceediap which in Ilu: opinion of Lender_toprcvent the enforcement of the lien or forfeiture of the Property or any ~ tIienOir: or (c) shaD ICC1IfC from the boIdcr of .ucb !Icn an a_entin a form satisfactory to Lender IUbonIiaatins such lien to this SeciaitJ. bitromcnt. If ~ dctermiues tha1 all or .any pmt-of the Propa:ty is subject [0 B lien which may attain a priority over thiJ Security IMtrumCllt, 1.mder.m.u,JivmBorrowu a DOtk:e identifyina: IUCh lic:o. Bomnvcr shall utisfy sw:b. lien or take one or marc of the actiom let forth above within ~ days of\belivial oftheDDticc. ~ Co NOTK:E UaiformCt>wonaall4oftheSccmily lostrmncntiJ amauled to tad as follows: M. ~ &cepr. for any uotice nquired UDder ~ble law to be liven in anotber manner. (a) any notice to Borrower provided for in this Security 1_ IbaII be JiveD by ddi-m,Jt or by mailioa il by rlfll class mail to Borr..- at the Property AcIdrcu or at .ueh other addres, - - IDlY daipate.., notice to hndcr ~ :=vidal bcn:in, and (h) any notice to Lender .haD be Ii..... by rlfll class mail.o Lender', JlIlIctre.IWed berdu or 10 IUCb olbrr addraJi I.Iii LcDder may daipate by notice 10 BorroWCI' AI provided herein. Any notiC't' provided for In thi. Seaarity~ ItWI be deemed to have been ah-m to lIonowa'or I...cndl:r wbea..vc:n in the- manner dcsianaled herrin.