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ADJUSTABLE RATE RIDER _ 101528 (I Year Trxactnti Index -Rate Caps) THIS AD]USTASL£ RATE RIDER is indee this 25th day of March 19 86 and is mowporatat into and shall be doemed to amend and supplemcm the Mortgage, Deed of Trust, or Security Deed (the "Security IftstrimmooV') of the same date givien by the undersigned (the "Borrower") to secure Borrower's Adjustable Rue Note (the "*cote ") to NOME H1lNiO i WM ASSOCIATm OF GRAND ISLAND mEeRAsKA (the "Lender ") of the same due and covering the property described in the Security Instrument and located at: 921 S. Cherry, Grand Island, NE 68801 (Property Address) Ilk were cuss Provides -Me f1m for cltatrgn is arty hrserist rate and arty mood ty paymeIs.111do new abe halts the amen" my Interest rate teats orange at say one War and eke Ae a dmilmom send the wooiaeeet raw I resent pity. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Lender fusilier covenant axial agree as follows; A. IN1E3tEST RATE AND !MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9 9r. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHL Y PAYMENT CHANGES (A) Cbage Dates The imermt rate I will pay nay change on the first day of April 19 _ A7 , and on that day every j 2 months thereafter. Each date on which my interest rate could change is called a "Change Date." (rN T1re Idea Beginning with the First Change 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 contain maturity of 1 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 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 me tontine of this choice. (C) r - - -lea of chn" s Before each Change Date, the Note Holder will calculate my new interest rate by adding three percentage points (- 3 %) to the Current Index and rounding to the nearest 1/8th of 1 Pia, subject to the limits stated in Section 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 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) Limits so Miami Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than ] I 07r or less than $ 25 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than lwa-43P� from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than _8,,.25 % and the maximum interest rate will never be greater than 14 37S %. (E) Effective Dase of (.tames My new interest rate will become effective on each Change Date. 1 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 monthly payment changes again. (F) Native of CMaagcs The Note Holder will nail or deliver to me a notice before cacti 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 the adjustment notice. IL CHAIW.F.S; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. LRarjm, LAM. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Propeny which may attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paagraph 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 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; bo wem, 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 sawed by such her in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, local proceedings which in the opinion of Leader operate to prevent the enforcement of the lien or forfeiture of the Property or any Part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Secarity Instrument. If Leader determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, Loauder shall give Borrower a nowx identifying such lien. Borrower shall satisfy such lien or take one or more of the actions sct forth above within tart days of the giving of the notice. C. NOTKZ Uniform Covenant 14 of the Security Instrument is amended to read as follows: N. %doe..Eacept for aafy notice rag aired under apphcahir law to be given in another manner, (a) any nut cc to Borrower pr ocideo for m stns Security Instrument shall be giver[ by dei.vtrifg it or by mailing it by first class email to Borrower at the Property Address or a; such other address as borrower may designate by "Ice to Leader as provided herein, and (b) any nouir to Lender shall he givrn by first mass fiat 70 1 rnder'� address seated heroin tea to sus:h oitfer address as Lender nfay designate by notice to }k,rrower as prrnedrd `terr,n. Any n,n.e f'��•� �cird I,,r ;; tti„ secur^ty Inmtrutrient shall tw deemed 10 have gone given to Itcwrower car I.rrider when gi,rn :r: the rnaaner irstpna;rd herein