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ADJUSTABLE RATE RIDER 88-107093 (I Year Trcallury IndexpRateCops) THIS ADJUSTABLE RATE RIDER IJ m.de lbls 30th dayof December ,19~. and is IncorporatM into and [hall be deemed to amend and supplement the MortSlIic, Deed or Trust, or SecurJty Deed (lhe "Security Jnstrum~;:':,:;:! '12e IaIIlC date alven by the undmllned (the "Borrower") to secure Borr..:lwer'lI Adjustable Rale Note (the "Nole") to ~ FEDI:Rk,.tfJ.~.'lJS 10 LOAN ASSOCIATION OF ORAND ISLAND. NEBRASKA (the "Lender") of the SIIIIe dele and covering the property described In lbe Security Instrument and located .t: #26 St. James, Grand Island, Nebraska (Property Address) Tbb Dote coatala provWODr! aUowlal for ChlRlelI In my lateral rate aad my monthly pIYlDrata:. Tbll Dote Ibo IIm)b the In. Junl my Interes. nile caD cblnle It lay ODe dme lad also the minimum and .he maximum nte I must pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrqment, Borrower and Lender further COvenant and Bgree as follows: A, INTEIlli'ST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of B. 75 010. Section 4 of the Note provides for change! in the interest rEte and the monthly payments, as follows: 4, INTEREST RA TE AND MONTHL Y PA YUENT CHANGES (A) CIwIae Dal.. The interest rate [will pay may change on the first day of J :::lnua ry , 19 -..S.O-. and on that day every .....Ie] tlO months thereafter. Each date on which my interest rate could change is called a "Chanse Date." (8) The I.dox Beginning with the first Change Date, my interest rate will be based on an Index. The ulndex" is the weekly &verase yield on United States Treasury securities adjwted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is caUed the "Current Index." If the Index 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) CoItnIad.. 01 Cb..... Before each Change Date. the Note Holder will calculate my new interest rate by adding two and one/hal f percentage points ( 2 5 0J0) to the Current Index and rounding to the nearest 1/8th of 1 %, subject to the limits stated in Section 4(0) below. This rounded amount will be my new interest rate until the next Change Date. The Note Holder will then detennine the amount of the monthly payment that would be sufficient to Jl'PBy in full the principal I am expected to owe on that Change Date in substantiaUy equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. (D) Umlts on I.......lllllle Cbaoges The interest rate I am required to pay at the first Change Date will nol be greater than 1 0 A 75 '10 or less than 7.00 0J0. Thereafter, my interest ratewiU never be increased ordecrease-J on any single Change Date by more than two percent (:::, n) from the rate of interest I have been paying for the preceding twelve months. The mJnlmum interest rate on this loan will Dever be less than 7.00 % and the maximum inlcrest ratcwill neverbegrcater than 13.75 'Vo. (EI Err..dve Dole of Cb_ My new inlerest rate will become effective on each Change Date. I will pay Ihe amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. m Nod.. of C....R.. The Note Holder will mail or deliver 10 me a notice before each Change Date. The notice will advise me of: (i) the new interest rale 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 10 disclose; and (iv) the address of the association you could contaCI regarding: any questions about the adjustment notice. B. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charas; Ueas. Borrower shall pay all taxes, assessments. and other charges, 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 paraaraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts due under this paragraph, and in the cyent Borrower shall make payment directly, Borrower shall prtlmptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument: however, Borrower shall no~ be required to discharge any such lien so long as Borrower: (a) shall agree in writilll to the payment of the obligalion secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such llen by, or defend against enforcement of such lien in, legal proceedings which in the opinion of lender operate to prevent the enforcement of the lien or forfeiture of the Propeny or any pan thereof; or (c:) shall secure from the holder of such lien an agreement in a form satisfactory 10 Lender subordinating such lien to this Security Instrumcot. If Lender determines that all or any part of the Propeny is subject to a lien which may attain a priority OYer this Security Instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or lake one or maR! of the actions set forth above within tm days of the giving of the notice. C. N011CE U~rorm Covenant 14 of the Security Instrument is iUJtended 10 read as follows: .4. Notice. Except for any noticr required under applicable law 10 be given in another manner, (a) any notice to Borrower provided ror in Ihis Security lostrumenl shtll be given by deliverinl it or by mailing it by fint class mail to Borrower at the Property Address or at such olher address as Bonower may designate by nollcc 10 Lender as provided herein. and (b) any notice 10 Lender shall be given by fint clw mall 10 lender's addrcsssl&ted herdn or 10 such olher address as Lrnder may desilDate by notice 10 Borrower w provided herein. Any notice prm-ided ror in Ihl.. Security Instrument shall be deemed 10 have h<<n liven 10 Borrower or Lender when given in the manner desilfi.lted herrin.