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ADJUSTABLE RATE RIDER
<br />(h Year Treasurylades -Rate Caps) 86-- 102852
<br />THIS ADJUSTABLE .RATE RIDER is made this .___Uri - . day of __ lay____ v —,, 199 --af -._,
<br />and is incorpdrued into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security
<br />Ia ttramimu) of the same due given by the undersigned (the "Borrower ") to snare Borrower's Adjustable Rate Note (the "Note ") to HOME
<br />fE0[IIAL sAVWQS i LOAN ASSOCIATKN OF GRAND ISLAND, NEBRASKA (fix "Leader ") of the same date and covering the
<br />property described in the Security Instrument aid located at:
<br />2008 W, Koenig, Grand 151And,_ 1_.__68M _
<br />(Property Address)
<br />This now conlona provide" arttwfad for ciaftes in s) lateral rate a" my sonaly
<br />payr w oar. Title taste site bets the ammeter my interest rate can change at say one time and
<br />Also the shdows Well at madames one 1 an" pray.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreement s made in the Security Instrument, Borrower and Lender
<br />further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHI.Y PAYMENT CHANGES
<br />The Note provides for an initial interest rate of .__._��___� °1c. Section. 4 of the Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. INTEREST RATE AND MONTHL Y PA YME;'`'T CHANGES
<br />(A) MmIlirpoles
<br />The interest rate 1 will pay may change on the first tray of -._ June .-l.s ---- --- ---- ..- - - --.. 19 87 and on that day every
<br />months thereafter. Each date on which my interest rare could change is called a "Change Date."
<br />(B) The led"
<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 45 days before each Change Date is called the "Current 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) CdedntMw of Cbefts"
<br />Before each Change Date, the :Vote Holder will calculate my new interest rate by adding �_� three __ percentage
<br />points (...3 %) to the Current Ind" and rounding to the nearest I181h of I ere, 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 Holder will then determine the amount m the monthly payment that would be sufficient to repay in frill the principal i am
<br />expected to owe on that Change Date to suhsty¢.ially 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 oe liver"t Rate Clnteen
<br />The interest rate I am required to pay at the first Change Date will not be greater than _?2e� _._� r, or less than
<br />9.0 %, Thereafter• my interest rare will never he increased or decreased on any singk 4:L hange Date by more than two perc an t
<br />(2%) from the rate of interest I have been paying for the preceding twcNe months. The minimum internt rate on this loan will never be
<br />- less than _.�. 9iQ _.__.`9t and the maximum interest rate will never he greater than .._...1.5..0— ______ - °"o.
<br />(E) kffettive Dore of Caoagaa
<br />My new interest rate will became effective on each Change )kite. 1 will pay the amount of my new monthly payment beginning on the first
<br />monthly payment due after the Change Date :until the amount of my monthly payment changes again.
<br />li? Neties d C1aNea
<br />The Note Holder will mail or deliver to me a notice before each Change Date. The nonce will advise me of:
<br />ti) 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 matters 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 />IL CHARMS; LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. Cheers, Lima. Borrower shall pay all taxes, assessments, and other charges. fines, and impositions attributable to the Property which may
<br />attain 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 manna, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all notices of amounts due under this paragraph, and in the event Borrower shall make payment uitr, toy, Borrower shall promptly furnish to
<br />- LArrader receipts evidencing such payments. Borrower shall promptly discharge any tier, which has priority over this Security Instrument;
<br />however, Borrower shall mot be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the
<br />obbpuan secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of
<br />sec# bat its, 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; of (c) shall secure from the holder of such Tien an agreement in a form satisfactory to Lender subordinating such lien to this
<br />Security Instrument.
<br />If Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this Security tnstruntxm.
<br />Lender %Mfl give Borrower a notice identifying such lien. Borrower shalt satisfy such lien or take one or more of the actions set torth above
<br />within ten days of the giving of the notice -
<br />C. NOTICE
<br />Uniform Covioniv t 14 of the ;Cccunty Instrument is amended sot reaii its follows:
<br />N. %edee. E_xcepvr for any notice requited udder a
<br />ppluabk law ti +!+e g+ven in another ;Wanner, ear env ni+t we to Flcx+o+.ct pea +i3c:F ',er :r, th,.
<br />Security imtntmvist shall he given by delivering it or by nwOrr g a by fliril c :ass riwi fkstrowcr at the f ^,= crty .kddte )f at >urh otter, r a:ldies•,
<br />N "arrotiorr man &VATiatt by ruetxe to I.entlet ore prc"ided ht:irut, and cii ;s::. ^rite •.+ P.:rWc; <Kali he gt. -en by f . rr.ati :. 1 er.tr ;'.
<br />ab+#ress siatu� Mvesr. it
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