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ADJUST ABLE RATE RIDER (I Yo:&!' Treasury Index-Rale Cap.) THIS ADJUSTABLE RATE RIDER I. mxdolhl. 23 day or December , 19~, and is Incorporated (nto GIld shall be deemed to amend and lIupplement the Mortaqe, Deed of Trul., or Security Deed (lhe "Security InstrumentU) or the same dlllc givLd by the up'iersllnolil (the uBorrower") 10 secure Borrower'. AdJultable Rate Note (the IINole") to ~ FEDERAL SAVlNOS .. .;,*,i ;~SSOCIATION OF ORAND ISLAND. NEBRASKA (Ihe "Lender") or Ihe seme dale and covering the property described In Ihe G.;nnlf In.trument aud loalcd al: 88- 107075 2519 W. LaMar Street. Grand Island, Ne (Property Addres.) ThII Dote coalata provb10Dl alIowf.. for ~&f!o1 la my lateral ntl! lad my mODIhI, p.ymcDII. This Dote alto Umlb the Imounl Bay lntcre. t nte caD chl"l! It lay une Ume lad also tbe mlalmum Ind tbe iIIUlmum nte I mUll pay. 68803 ADDITIONAL COVENANTS. In addition 10 I~e covenents end agreements made In the Security In:;trumenl. Borrower end Lender further covenant and aar~ as follows: A_ INTERFST RATE AND MONTHLY PAYMENT CHANGE'! The Note provides for an initial interest rate of 8.75 1110. Section 4 of the Note provides for changes in the intere!l rate and the monthly payments. as follows: .. INTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) CluuIge Dalel The interest rate I wiD pay may change on the first day of J anuar y , 19 ~ , and on that day every thiE:l.. c montlts thereafter. Each date on which my interest rate could change is called Ci "Chanse Date." (8) ne lodex Beginning witlt the fmt Change Datc, 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 1 year, as made available by the Federal Reserve Board. The mOst recent Index: figure available as of the date 4S days before each Change Date is called the' 'Current Index. "' If the lndex is no longer available, the Note Holder will choose a new index which is based upon comparable information, The Note Holder will give me notice of this choice. (C) CaIcaIadoD of Chuges Before each Change Date, the Note Holder will calculate my new interest rate by adding tWD and one thaI f percentase points r ? !; Ofa) to the Current Index and rounding to lhe nearest J/8th of 1070, subject to the limits staled in Seedon 4(D) below. This rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that wouJd 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 calculation wiD be the new amount of my monthly payment, " (D) Limits aD IDteresl Rale Chang.. The interest rate I am required to pay at the first Change Date will not be greater than 1 n 71:i '" or Jess than 7 . 0 1I'fa. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two oercent t 2.0 ~rom the rate of interest 1 have been paying for the preceding twelve mon"'I~gnmmum interest rate on this loan will never be less than 7 . 0 % and the maximum interest rate will never be greater than. ". (E) Eflec:tIve Dale of Cung.. My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthJy payment changes again. lFl Nodce 01 ebanles The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as ,of the Change Date; (ii) 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 tJle adjustment nodce. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrwnent is amended to read as follows: 4. Cbaraai Ueu. Borrower shall pay all taxes, ass.mments, and other charges, fmcs, and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold payments of ground renls, if any, In the manner provided under paragraph 2 hereof or, if not paid In luch manner, by Borrower making payment. wtIen due, directly to the payee thereof. Borrower IIhall promptly furnish Lender all notices of amounts due under this paragraph. and in the event Borrower shall make payment directly. Borrower shall promptly furnlsh to Lender receipts ovideocing .uc~ peyment.. Borrower .~aU promptly discherge auy Ilea wblc~ h.. priorlty over thiJ Security Instrument: however, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation ser.ured by 5uch lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, lepl proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any pan thereof; or (c) shall secure from the holder of such lien an qreement in a form satisfactory to Lender subordlnatilll such lien 10 this Security lustrumenl. If Lender determines that all or any pan of the Propeny is subject to a lien which may attain a priority aver this Security Instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days or the giving of the notice. C. NonCE Uniform Covmant 14 or the Security Instrumenlis amended to read as rouows: 14. Notice. Excepl for any notice required under applicable law to be given in another manner. (8) any notice to Borrower provided for in this Security Insln1lncnl shall be liven by deJiverina.it or by mailina it by first class mail 10 Borrower aE the Property Address or I!Illuch other address u Borrower may dcsiana1c by notice 10 Lender as provided herein, and (b) any notice to Lender shall be liven by tirsl class mall to Lender'\ address Ilaled herdn or 10 such other Iddress as Lender may desianate by notice to Borrower a.s provided herein, Any notice pro...id~ for in Ihh Sa.-urity Instrument shall be deemnlto have been Kiven to Borrower or under when liven in the manner dC$ilnAted herein.