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ADJUSTABLE RATE RIDER (I Yelr Treuury Index.Rale: Caps) T1l1SADJUSTADLERATERIDERlsmadethl. ~dSyof December ,19~, and II Incorporated Jnto Ind shall be decmed 10 amend and supplement the Mortgage, Deed of Trult, or Security Deed (the "Scturlty Instrument") or the aamc dlle slven by the undml&ned (the "Dorrower") 10 SC'CUf(" Borrower's Adjultable Rate Note (the "Notc") to HC:ME FEDERAL SAVINGS. LOAN ASSOCIATION OF GRAND ISLAND, NEBR14SKA Ilhe "Lend,,") of the SimS date and cov"lng the property describ-xlln the Security Instrument and local~ al: 88- 106701 , n1 ~ h/pc:+ 1 iLth Str!=)pt. a r;rRnd Island. Nebraska (property Address) Thb: Dotc coalah. proYilloDl aJlowflll for chaRleI In my Interat rate lad m,. moathIJ p.Jmcob. Tblt Dole alto IImllllbe ImODDI m,. IDleMf rate cia chlnge II In, DOl! dlDe Ind also tbe mlDlmam.ad tbe mulmam nle I mUll p.,.. ADDITIONAL COVENANTS. In addition to the covenants and agreemellu made in the Security Instrument, Borrower and Lender fUMher C(o'ienant and agree as follows: A, INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides (or an initial interest rate of 11.0 0711. Section 4 of th~ Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RA TE AND MONTHLY PA YMENT CHANGES (A) ChoageDates Theintere51 rate I wiUpay mllychangeon the firsldllYof Januarv . ]9~, and on thatdaycvery twelve months thereafter. Each date on which my interest rate could change is called a "Change Date." (8) The Index Beginning with the first Change Date, my interest rate will be based on an Indo:. The "Indcx" is the weekly average yield on United States Treasury securities adjwted to a constant maturity of 1 year, as made available by the FederaJ. Reserve Board. The most recentlndcx figure available as of the date 45 days before each Change Date is called the "Current Indcx. ,. If the Index is no longer available, the Note Holder will choose a new indcx which Is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calcaladoa of Chuges Before each Change Date, the Note Holder win calculate my new interest rate by adding Three & one/half percentage points f '1; l:j %) 10 the Current Index and rounding to the nearest I 18th of l'la, subject to the limits stated in Section 4(0) below. This rounded amount win be my new interest rate until the nC4t Change Date. The No1C Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am expected to owe on lhat Change Date in substantially equal payments by the maturity date al my new interest calc. The result of this caJcula.tion win be the new amount of my monthly payment. (D) UmJII OD laterat Rate ChaDIe! 9. cJ1te in!erest%~~e~~r::~rer:t:~ w~ =:::tln;;::; o~=:r~ :o~,: s=~~ Date ~;m:e than t!wgr b~~t (2 Q ~ fram the rate of interest J have been paying for the: prc:c:eding twelve months. ~he minimum interest rateon thiJ loan will never be lcssthan !:I. "0 and the maximum intc:rest rate will nc:vcr bcgrcaterthan 16.0 'ID. eE) Erftclln Dale of CIulDlel My new intercst rate will become effective on each Change Dalc. I will pay the amount of my new monthly payment bqinning on the fmt monthly paymenl date after the Change Date until the amount of my monthly paymenl changes again. (F) NotkeofCbaqes The Note Holder will mail or deliver to me a notice before each Change Dale. The notice win advise me of: (i) the new interest rate on my loan as of the Change Date; Cu) the amount of my monthly 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. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read Wi follows: .c. Charps; lJeDl. Borrower shall pay all taxes, assessments, and other chargcs. fines, and impositions attributable 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 paymenl, whtn due, directly 10 lhe payee thereof. Borrower shall promptly furnish Lender all ootiteS of amounts due: under this paragraph, and in the event Borrower shall make paymenl directJy, Borrower shall promptly furnish to Lender rcc:cipts evidencing such paymen15. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however. Borrower shall noL be required to discharge any such lien so long as Borrower: (a) shall qree in writina to the paymenl of the obligation secured by such lien in the: manner acceptable to Lenderi (b) shall in good faith conlest such lien by, or defend qainst tnforcement of such Ucn in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereoC; or (c) shall secure from the holdcr of such lien an agreement in a fonn satisfactory to Lender subordinltina such lien to this Security Instrumcn.L If Lender dct..c:rmincs that all or any pan of the Property is subject 10 a lien which may attain a priority over this Security Instrument. Lender shall give Borrower a notice identifying such lien. Borrower shan satisfy such lien or take one or more: of the actions set forth above within Len dayI oflhegiving of the notice. C. NOTICE Uniform Covenanl 14 of the Security Instrument is amended 10 read as follows: 14. NotkL Excepl for any notice required under applicable law to be given In another manner, (a) any notice 10 Borrower provided for in this Security Instrummt shall be given by delivcrina it Of by ma.illna it by first class mail 10 Borrower at the Property Address or alluch other 8ddr~ss 8Ji Borrower may dcsianate by notice 10 Lender as provided herein, and (b) any notice to Lender shall be given by first class mail 10 Lendet'~ address 6tated hcrdn or 10 6uch other address as Lender may dcsianate by notia: to Borrower as provided herein. Any notice provided for in this Security Instrument shalJ be deemed to have been Ki,"en 10 Borrower or Lender whr:n JiveD in the manner desianaled herein.