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4. Cbwgw Liss. Borrower %hail pay all taxes. assessments, and other charges, fines, and impositions attributable to the Property which may
<br />Main a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all notices of amatnti due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to
<br />Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument;
<br />lsuwevet. Borrower sla(1 not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the
<br />obliptba secsed by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of
<br />such Her in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br />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
<br />Security Inmturnent.
<br />If Lauder determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument,
<br />Lender shall give Borrower a notice identifying such Hen. Borrower shall satisfy such lien or take one or more of the actions set forth above
<br />Lwithin tan Jaye of the giving of the notice.
<br />C WnXII
<br />Ut Isom Coveeam 14 of the Security Instrument is amended to read its follows:
<br />14, Notice, F.xcvpt for any wAict requited undet applicable law to be given in another manner, la) any notice to tiortowcr prv�vtdcd fog in ihis a
<br />5ecwny Irmiumeal shall he given by delivering it or by mailing it by tirst class ntaii 1,t I" tower at the Propery Address „i at inch then address
<br />at rower may desto"ie by notice ro Lender its rarneded herein, and Ih) any notice to Lender ,hail he pivrn b.% ttrst .ia„ swil to 1 ender',
<br />athfrviii mated herein oe to vuc:.h imbet achkesi as lender tray ekxilteate by notice to tiorrnwcr as I+nn tdmi hrtevo Am' route 1""' ntc,l "'! ,r. the.
<br />'Security torament yh411 lies detrn"4l to hRve harm given to Flevrrwec ter bender whro pier. ur OW manner 4 " "ittitalcil hrrem
<br />ADJUSTABLE RATE RIDER
<br />(i Year Treasury indat -Rate Caps) A 6, '102034
<br />O
<br />f,
<br />THIS ADJUSTABLE RATE RIDER nmadethis 78th dayof aril 19_86
<br />and is hstxrtpormted into and shall be deemiil to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security
<br />Iasma"W •) of the name dNe given by the undersigned (the " Borrower ") to secure Barower's Adjustable Rate Note (the "Note") to HOME
<br />P90VAL MWI"i LOAM &VgMM0 OF OMNO OLAND, NEBMWA (the "Lender ") of the same date and covering the
<br />propsety described in the Security Instrumem noel located at:
<br />627 E. Heves, Grand island, NE 68801
<br />(Property Address)
<br />Thls male contain provisions allowing for changes In my interest rate and my mooldy
<br />payments. Thin note skim limits the amomnl my Interest rate can change at may one line and
<br />also the m1 dmmm amt -the mashe mes rate 1 am tray.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements trade in the Security lmstrument, Borrower and Lender
<br />further covenant and agree as follows:
<br />A. EffF Mff RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of 9 __%. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. INTEREST RATE AND MO.NTHL Y PAYMENT CHANGES
<br />(A) Change Dew
<br />The interest rate I will pay may change on the first day of May .19 87 , and on that day every
<br />twelve months thereafter. Each datcon which my interest rate could change is called a "Change Date."
<br />(0) The West
<br />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
<br />Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure
<br />available as of the date 43 days before each Change Date is called the "Curren! Index:' `
<br />If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />Holder will give me notice of this choice.
<br />(C) Cakukden of Chemges
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding three percentage
<br />points ( 3 %) to the Current Index and rounding to the nearest 1 /Sth of I%, subject to the limits stated in Section 4(D) below.
<br />This rounded amount will be my new interest rate until the next Change Date.
<br />The Note Holier will then determine the amount �f the monthly payment that would he sufficient to repay in full the principal I am
<br />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
<br />will be the new amount of my monthly payment.
<br />(D) limits am Interest Rate Changes
<br />The interest rate 1 am required to pay at the first Change Date will not be greater than 11 % or less than
<br />8.25 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percent
<br />(2 %) from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be
<br />less [hart 8.25 Sts and the maximum interest rate will never be greater than.__ 14A75_n,,
<br />W Effective Date of Changes
<br />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
<br />monthly payment date after the Change Date until the amount of my monthly payment changes again.
<br />(F) Notice of Chayss
<br />The ?dote Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of:
<br />(i) the new interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date•.
<br />(iii) any additional mattefs which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjustment notice_
<br />R CHARGES, LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. Cbwgw Liss. Borrower %hail pay all taxes. assessments, and other charges, fines, and impositions attributable to the Property which may
<br />Main a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all notices of amatnti due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to
<br />Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument;
<br />lsuwevet. Borrower sla(1 not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the
<br />obliptba secsed by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of
<br />such Her in. legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br />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
<br />Security Inmturnent.
<br />If Lauder determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument,
<br />Lender shall give Borrower a notice identifying such Hen. Borrower shall satisfy such lien or take one or more of the actions set forth above
<br />Lwithin tan Jaye of the giving of the notice.
<br />C WnXII
<br />Ut Isom Coveeam 14 of the Security Instrument is amended to read its follows:
<br />14, Notice, F.xcvpt for any wAict requited undet applicable law to be given in another manner, la) any notice to tiortowcr prv�vtdcd fog in ihis a
<br />5ecwny Irmiumeal shall he given by delivering it or by mailing it by tirst class ntaii 1,t I" tower at the Propery Address „i at inch then address
<br />at rower may desto"ie by notice ro Lender its rarneded herein, and Ih) any notice to Lender ,hail he pivrn b.% ttrst .ia„ swil to 1 ender',
<br />athfrviii mated herein oe to vuc:.h imbet achkesi as lender tray ekxilteate by notice to tiorrnwcr as I+nn tdmi hrtevo Am' route 1""' ntc,l "'! ,r. the.
<br />'Security torament yh411 lies detrn"4l to hRve harm given to Flevrrwec ter bender whro pier. ur OW manner 4 " "ittitalcil hrrem
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