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ADJUSTABLE RATE RIDER (I YenrTrell5ury Index-RntcCaps) 88~ 106464 23 November BB THIS ADJUSTABLE RATE RIDER is made this _ day of . 19_. and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust. or Security Deed (the "Security Instrumem") of the same dale given by the undersigned (the "Dorrower") to secure Borrower's Adjustable Ratc: Note (the "Note") to HOME FEDERAL SAVINGS II LOAN ASSOCIATION OF GRAND ISLAND. NEBRASKA (the "Lender") of the nme date ami covering the propeny described in the Security Inslrumr:nl and located al: 331 4th Street . Doniphan, Nebraska 6BB32 (ProperlY Address) ThIs nole contains pro\llslol1!l alloMnl for ebanxr:s in my Inlera. rare and my mODt~J paymeno. Thill note SllJlO Umlll tbe alllount my Inlernt ntl! caD eIl.OIC al any onc time and also lhe minimum and tbe maximum rate I rout pay. ADDITlONAL COVENANTS. In addition 10 the covenants and agreements made in the See-urity Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTIILY PAYMENT CHANGES The NlJte prmida for an initial interest ralt= of 11 S "To. Section 4 of the Note provides for change:; in the interest rate and the monthly paymenls, as follows: .s. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) ChaDg~ Dales The interest rate I will pay may change on the first day of December , 19 ~. and on that day every - +10Ie:> 1 lIP months thereafter. Each date on which my interesl rate could change is called a "Change Date. ,. CD) Tbelndex Beginning with the first Change Date. my interest rate will be based on an Ir.dex. The "Index" is the weekly averageyicld on United Srates Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure available 115 of the dale4:5 days b.::fore each Change Date is called Ihe "Currenl Index." If the Index is no longer available, the NOle Holder will choose a new index which is based upon comparabJe information. The NOle Holder will give me notice of this choice. . (C) CakuJatloa or Cb.oJa Bcforecach Change Dale, the Nott: Holder will calculate my new interest rate by adding thT'PP ::Inn nnp 1"::11 f' percentage points ( 3.5 lITo) to the CUfTt'Dt Jndex and rounding to the nearest !/8th of 1070, subject to the limits stated in Section 4(0) below. Thl, rounded amount will be my new interest rale until the not Change Dale. The Note Holder will then detennine the amount of the monthly payment that would be sufficient to repay in full the principal I am expected 10 owe on that Change Date in substantially equal payments by the maturity dale at my new interest rate. The result of this calculation will be the new amount of my monthly paymenl. (D) UmJII on laternt R..tr ChaDgft The inlerest rale I am required to pay at the first Change Date will not be greater than 1 3.5 ..,. or less than ----9.....5....__ OJI. Thereafter, my interest rate will never be increased or dl:Creased on any single Change Date by more: than two oercent ~? n) from the rate of interest I have been paying for !he preceding twelve months. The minimum interest rale on this loan will neverbe' less Ihan 9.0 Ola and the maxi:num inlerest rate will never be greater than 16.0 '1D. fE) ErrectJn Dl.tc or a.DIft My new interest rale will become effective on each Change Dale. I will pay theamoum of my new monthlypaymenl beginning on the fim monlhly payment date after the Change Date unlil the amoum of my monthly paymenl changes again. ,"") Notil'foorCUlllf!l The Note Holder wiD mail or deliver fa me a notice before each Change Dale. The nOlict will advise me or: (il the new interest rale on my loan as of !he Change Date; (Il) the amounl of my monthty payment following Ihe Change Dale; (Ill) any addillonal mallers which the Note Holder is required 10 disclose; and (M the address of the association you could comact regarding any questions about the adjustmrm nOlice. B. CIIARGF.S; UENS Uniform Covenant 4 of the Sc:curit)' Instrument is amended 10 read as follows: .c. CItarJa; 1Jau. Borrower shall pay all lUo, assessments, and other charges, fines, and impositions attributable 10 the Propct1y which may attain a priority over this Security Instrument, and leasehold payments or ground rents, if any. in (he IIW1ner provided under paragraph 2 hereof or, if not paid in iUch manner, by Borrower makins payment, when due, directly to !he payee therwr. Borrower shall promptly furnish Lender aU notices of &mounls due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evIdencing such payments. Borrower shall promptly discharge any lien which has priority over this 5<<urity Instrumenl; however, Borrower shall nOI be required to discharge any such lien IfO long as Borrower: (8) shall agree in wrillng 10 the paymenl of Ihe obligation secured by such lien In the manner acceptable to under; (b) shall in good faith contesl such lien by, or defend against enforcmlenl of such lien in, legal proceedings wliich in the opinion of Lender operate to prevenl the enforcement of the lien or forfeiture of the Properly or any part thercor; or Ie) shall secure from Ihe holder of such lien an agreement In n form satisfactory 10 Lender subordinaling such lien 10 this Security Instrument. If l..mder determines Ihat all or any pan of the Property 15 subject to a lien which may anain a priority over this Security Instrumenl, Lender shaU JIve Borrower a notice Identifying such lien. Borrower shaU satisfy such lien or IlIke one or marc of the actions set forlh above within lcn daY1 of the giving of the notice. C. NonCE Uniform Covenant 14 of the Stturity Instrumenl is amended to read as follows: 14. Nota. ~I for any notice required under applicable law 10 be given in anolher mMner. (a) Dny notice 10 Borrower puwlded 1m In tlll\ Security Inslrument shall be given by deUverinl it or by mailinglt by finl c1a'lS mail to Borrower at the ProperlY Address or al ,uch IIlhel addrC"l\ ti Borrower may destinate by nolice to under as provided herein, and (b) any nOlice 10 Lender \hllll be ginln by Orst dau mill I In I ender', addrlCls Italed herdn orto such other addteu as Lender may designate by nOl'CC to Borrower as pro\lded herein Any DnliL-e rUII\'ull"lllnl lnlhl\ Security Irntrumcnl shan be deemed to ha\'e been givelllo Dorrower or Lender when aiven In the mnnner de~lliInalt'l! herein