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ADJUSTABLE RATE RIDER a7, 101207 (I Year Treasury Index-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 27th day of February _19 87 and is itpt.,,d into And shall be deemed ,, amerid And stipplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to HOME MRIERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") of the same date and covviring the property described in the Security Instrument and located at: 1725 West Anna and 611 North Willow. Grand Islands Nebraska 68801 (Property Address) Tlds note contalus Provisions Allowing for clinnim is say lamran raft and my manift payments. This note also limits the Amount my interest ratecrA g stanyonefinicami Am the minimum and it* maximum raft I and pay. ADDITIONAL COWNANTS. In addition to the covenants and agrecosents made in the Security Instruniciat, Borrower and I further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PA1VAW4T CHANGES T1Ae Note provides for an initial interest rate of 9.0 _%. Section 4 of the Note provides for changes in the interest rate and the mordwy payments. a� follows: 4. LWEREST RA TE ANDMONTHL Y PA YMENT CHA.)VGES (A) Change Dates Tlic interest rate I will pay may change on the first dav of Avril '19 88 and on that day every 2 months thereafter . Each date on which my interest rate could change is called a -Change Date. M Tbe ladex Beginning "ith the fust Change Date, my interest rate will be based an an Index. The " Index" is the weekly average yidd on United Treasury securities adjusted to a constant maituritv of I year. as made a-adablit bw the Federal Reserve Board. The most recent Indca figure available as of the date 45 days before each Change Date is called the-Curricint index." ir the Index is no longer available, the ".c Holder will choose a new index which is based upon comparable informatism. 71w Note Holder will give me notice of this choice. (C) cakisind" of cbs"m Before each Change Date. the Note Holder will calculate my new rat li�w ttree percentage points to the Current Index and rounding to the nearest 1,18th of I subject to the limits stated in Section 4(D) below. This rounded amount -ill be my new interest rate until the next Charw Date- The Note Holder "I then determine the amount of the monthly payment that would be sufficient to repay in fun the Principal I am expected to owe on am Change Date in substantially equal payments by the maturity date at my new interest ratc- nse result of this calculation will be the new amount of my morality payment. (D) Limilat as Interest Raw Cbsum The interest rate I am required to pay at the rim CUM Daw win not be greater than 14.0 or less than A - Q X"" UNA* XXXXXXXXXAVAX0A*"1bA""MQPW1" The nummum interest rate an this loan will ncvff be lan'ban P-2a We and the maiumum Interest rate will never be greater thma 14-n (K) Effective Dow of Clines" M I the amount my moathl payment the first y new Interest rate will become effective on each Change Date- I will pay of new y g, - on monthly payment date after the Change Date until the amount of mv maraidy paymem dmuspm Again, M Notice of Clmagn The Note Holder will mad or deliver to aw a notice before each Change Dust. The notice will advise me of-. (i) the new interest rate an my loart as of the Clange Diatc 01) the amount of my monthly payment following the Change Date; (m) any additional matters which the %we Holder Is -required to dwlosr_- and (iv) th--addrmofth.-asso6ationvouottldc�-ata,-Iegm Any questions about the adjustment notice. B. CHARGES-. LW-Ns UniformCoveriant4ofthe Security Instrument is amended to read as follows: 4. Clutraft; Lieft. Borrower shall pay all taxes. assessuaLmu. and tit ch; , fixes, and im a -butablit PropcM ch may her Isles positions tin to the , whi AtWw a Priority over this Security Instrument, and leasehold payments afground rem, if any, in the manner provided under paragraph 2 harof or. if not paid in such manner, by Borrower making payment. when due, directly to the payet thereof- Borrower shall promptly furnish Lender all Dotices oi amounts due under tins pgragrapli, and in the vcot Borrower $hall make payment direcdy� Borrower shail promptly fornish to Leader receipts eviderichig such payments. Borrower shall proaWdy dactiargit amy hcri which has pitortry over this Sciciunty frutrumeint, however, Borrower "I not be required to discharge airy such lien so " as Borrower: ta) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to Lender, (b) shall in good faith contest such lien by, or defend against enforcernent of such lien in. lietal vroceeding; which in the ormium, of I Irt i—irit it. -f— �E,I_ r.- pan thereof; or (c) shall secure from the holder of such lien An Agreement' in a form satisfactory to Lender subordinating such lien to this Security Insummew. If Lender determines that all or any part of the Property is subject to a lien which may &Rain a priority over this Security Instrument. Lender thall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth atioNe within ten dars of the giving of the notice. C, NOTICE "if4mm C-rI*nt 14 0( (tw S%'ri!v I n0rueII&III isamermW to read m frilleiws- K N-im. i,-Xcerit f0F &n,� notic� -equired under z;spIK8bIc law 10 be given in another Manner. Is) any notice to Barrower provided for in this Security Initm-Tient shall he gi"r by delivering't Of by Mailing It by first CIA" mail to 80frIlwin At tre Property AJdress ot at such other Address as Borro" r--zy designate b) notice it) Lender as provided hermin, and (b) any notice to Lender shall be given bv first cla" mail to I endcT*s Address stated herrin cn to su,:h other Address as I-coder may designate by notice to Borrower as provided hemn. Aitv notice provided fi,r in thi, Smuti I Y 1 o4t I uffwn I ha I I tst d" mod I o h Ave hem given i o Borrow er , ir Lendet when rvorn In I he man net designal ed herci n