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86-•. ADJUSTABLE RATE RIDER 101258 (1 Yeas Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this __ 7th __ day of _ March 19 8, and is iosrorprsrued into and shalt be deensed to amend and supphasaa the Mortgage, Deed of Trust, or Security Deed (the "Security IesUWANt ") of the sine dW given by the andersiptad (tire "Borrower„) to secure Borrower's Adjustable Rate Note (the "Note,') to HOME iAYNiIOi (t LOAN A4600AT10N OF GRAND WS MD, NEBRASKA (the "Lender') of the same date and covering the property daeribed in the Security instrument and located at: 419 South Tilden, Grand Island, NE 68803 (Property Address) — Tide me ceetsdn psmafslems sinwirtg for cult@ in my interest tale and my mo mlhy poymmb. Ttris mole also liwiu she sentiment my interest rate can change at any one dame and main Or wAnk s. and the =maim= rase t on a pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender farther coveow and agree as follows: A. iNIERM RATE -AND MONTHLY PAYaWENT CHANGES The Note provides for an initial interest rate of 8-25 4i, Section 4 of the None provides for changes in the interest rate and the Monthly paym cats, as follows: 4. INTEREST RATE AND .MQA'T)YL )' PAY.MEVT CHANGirS (A) Change Dow The interest rate I will pay may change on the first day of A ri l 1 _19 87 , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (R) The Was Beginning with the first Change Date, my interest rate will be based on an Index. The -Index" is the weekly average yield on United Stares 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 43 bays before each Change Date is called 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 the notice of this choice. (C) Cairo a6me of Charges Before each Change Due, the Note Holder will calculate my new interest rate by adding turn a nd n np_ has j f percentage pants ( 9 , 5 sAr) to the Current Index and rounding to the nearest 1 /Sth of I %, subject to the limits stated in Section 4(D) below. This rounded amount will be my new interest rate until the nett Change Date. The Now 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 that Change Date in substantially 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) I3oNs on loNesese Rate Champs The interest rue 1 am required to pay at the first Change Date will not be greater than 10 _ Pei Pro or less than 7.5 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two De rcen t from the rate of interest f have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than 7.5 % and the maximum interest rate will never be greater than 13.5 ear. M Effective Dole of Cl m"a My new interest rue will become effective on each Change Date. 1 will pay the amount of my new monthly payment beginning on the first monthly payment due after the Change Date until the amount of my monthly payment changes again. (F) Noldce of Catampo The Now 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 Due; (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 the adjustment notice. S. CHANG25; 1JENS Uniform Covenant of the Security Instrument is amended to read as follows: 4. Chnles; lives. Borrower shall pay all tastes, assessments, and other charges, fines, and impositions attributable to the Property which may musin a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, if eel paid in such manna, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender as no foes of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this 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 obiiptioa secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien 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 Property or any part thereof; or (e) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security lawman". If !.ender deterra mes that all or any part of the Property is subject to a lien which may attain a priority over 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 we days of the giving of the: notice. C. bi077CE Uniform Covonaat 14 of the Security Instrument is amended io read as follows: N. %What. Except for SAY notice required under applicable law to be given in another manner. ter) any notice to Borrower provided For in this Security ltusraaent shall be given by delivering it or by mailing it by fitst class retail to Borrower at the Property .gvidress yr at .uch tattier address as dmrarwta IMY designate by "ice to Lender as provided herein. and (b) any noticc to I rnder shall he given by First class inatl io I.endct'. addIess stated beron at to stH h ether additm. as Leader tnay designate by notice to $txrowo as (+rcn:ded hei vin, Ain art e pim ided tit m this Svuuniy Instrument shoji be deetmw to have l privet' to ItmTllwrr,T !.ender when given ,n the irianncr dc':gnamil heroin I