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ADJUSTABLE RATE RIDER (J Year Trcuury IndOl-R.tt Cap.,) THISADlUSTABLE RATE RIDER is mad. lbl, ~d.YOr December .19~, and Is incorporated into and shall be dt.emed to amend and supplement the Mortlilage, Deed ot Trull, or Security Deed (the uSecurity Instrument") DC lhe same date liven by the undcnIaned (lite IlBorrower") to teCurc Borrowerl. AdJUltable Rate Note (thcl"Note") to HOME FEDERAL SAVINGS a LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (lb. "Lender") of the WIIll dale and ,overlna th. property described In the Security Instrument and located It: 88~0689S 3339 Roselawn Drive. Grand Island. Ne (property Address) TIdI DOle eoDtalDI PJ'Ol'Idmu dowiq for ebales 10 my mien'll nte aad IDJ .utlll, p."lIleau. TIIII Dote lIJo llmlll 'Ile IIDODDIIIl)' lateral nle caa eb...e Ilia, ODe time &lid 1110 lbe mlalmlUll aDd lbe mulmDm nte I mut Ply. I':' ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the SecurIty Instrument, Borrower and Lender further covenant and qrec as follows: A. INTEIlFST RATE AND MONTHLY PAYMENT cmNGES The Note provides for an Initial interest rate of R ?r:; 'h. Section 4 of the: Note: provides for changes in the interest rate and the monlhly payments. as foRows: .. INTEREST RATE AND MONTHLY PA YMENT CHANGES (A) CJwra.o.leo The interest rate I wiU pay may change: on the: tirst day of January . 19~.lDdonthatdayevery tl'l~l VB months the:reafter. Each date: on which my interest rate could change is called a "Change Date." (B) ........... Beginning with the first Chanse Date, my interest rate will be based on an Index. The "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: most recent lnda figure available as of the date 45 days before each Change Date is called the "Current Index." If the Index is no longer available, the Note Holder wiD choose a new index which is based upon comparable: information. The Note Holder will give me: notice: of this choice. ~fo~==~eNoteHoIdcrwillcaIcuJatc:mynC:Winlcrc:stratcb)'adding two and one/half percentage points ( 2 5i Ofo) to the Current lndcx and rounding to the ncan:st 1/8th of 11170. subject to lhe limits stated in Section 4(0) below. 1ltis rounded amount will be my new interest rate until the: next Change Date. The Notc Holder wiD then determine the: amount of the: monthly payment that would be sufficient to repay in full the principal I 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 ca1c:ulatiOD will be the new amount of my monthly payment. (0) UmlbI 00 loteral Rate Oaaqa The: intcrc:st rate I am required to pay at the frnt Change Date: will not be greater than 1 0.75 'It or less than 7 9 lVI. Thereafter, my inlerc:stratewiUncverbc: inc:rc:ased or dccreasc:d on any single: Chanae: Dalc by more tban tWD oercent (? n) from the rate of interest I have bcc:n paying: for the preceding twelve: months. The minimum interest rate on this loan will never be Jessthan ? n "loandthe:maximumintc:restratcwillneverbegreatcrthan 13.75 lVI. (E) Effa:tive Dale or ChuRtS My new interest rate will become effective on c:ach Change Date. I will pay the amount of my new monthJy payment beainnina on the first monthly payment date after the Change Date until the amount of my monthly payment changes apin. (F) Nolkeo'CbanalS The Note HoJder wiD mail or deliver to me B notice bc:foreeach Change Date. The notice will advise me of: (i) the new interest rate on my loan as oClbe C'hanse Date: (ii) the amounl of my monlhly payment CoDowing me Change: Date: (Ui) any additionaJ mattcni which the Note Holder is required to disclose; and (iv) the address of the association you couJd contact resardina any questions about the adjuslment notice:. B. CllARGU; UENS Uniform Covenant 4 of the Security Instrument is amended to read as foUows: 4. CIwps; lJeaI. Borrower shall pay aIlmes, assessments, and other charges. fmes, 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 matins payment. when due. directly to the payee thereof. Borrower &hall promptly furnish Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment dircct1y, BolTower &haU promptly fumlsb 10 Lender receipts evidencing such payments. BolTower shall promptly dlscharse any lien which has priority OVer t.hia Security Instrument; however, Borrowc::r shall not be required to discharge any such lien so lona as Borrower: (a) sh&U aarc:e in wrilins to the: plyment of the: obJiption scc:un:d. by such lien in the: manner acceptable: to Lender; (b) shall in good failh contest such Den by, or deCcud qainst enforcement of 5UCb lien in.lepJ proceedings which in the opinion of Lender operate 10 prevent the: enforcement of the: Den or forfeiture of the Property or any part thereof, or (c) shall secure Crom the holder of 5uch lien an agreement in a fonn satisfactory to Lender subordinalina such lien 10 this Security InstrumcoL If Leader determines thai aU or any part of the Property is subjc:cl to a Uen which may attain a priority over this Security lnsttume:nt, leDdcr shaD Jive Borrower . notice: identifying such Uen. Borrower shall satisfy such lien or take onc or more of the Ktions "' forth above: within trJI days.ohhe giving ofthe: notice. Co NanCE Uniform CovCDanl14 of the Securily Instrumenl is Bmeudcd to read as CoUows: ... NDIb. EKttpt for any notice required under applicable: law to be given in another manner. (a) any notice to Borrower provided for In this Security Instrumenl shaU be given by de:llvmna it or by mailing il by firsl class mail to Borrower at the Property Addrcsl or III such other address AI Borrower DIll} dcsiJIWe by notice to Lender as provided herein, and (b) any notice to Lender shall be ,liVCIl by Jim clw mllil to Lender'i addreu itated. herein or to .ueb other addrc:si as Lender may dc:sianatc by notlcc: to Borrower as provided herein. Any notice provided for in Ihi~ Sccurily Instrument shall be deemed to have been given to Borrower Or Lender when liven In the manner dc:sI,Daled herein.