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I ADJUSTABLE RATE RIDER (I Year Treasury Index-Rate Caps) 86-.106788 THIS ADIUSTABLE BATE RIDER L, . made thus 24th d,y i`ovtRnber 19 66 and.is iaeorporamvd into and shag be deemed to amend and supplement the Mortgage, Deed of Trust. or Security Dead (the "Security lim rumted ") of the same d ue skim by the undersigned (the';Borrowa') to some Borrower's Adjustable Rate Note (the "Note") to HOME e�eit11aas ttattwM t [eta A91110CLATI011 QP GMND IELAIID NEBRASKA (the "Lender ") of the same date and covering the proptuty,deatxibed in the Security Instrument and located at: " 1911 Stollen nark Circle. Grand Island NE 68801 (Property Address) T11s naft eamlaias p "b; a, afowlag leer e, - in my iderai rak and my meaddy I mymtim. This stow aye Buns she amount cep iimeeeat rate am charge at any one time age ayo dw mimimmm and ihemexlmaE east I mast Puy. ADDITIONAL COVENANT& in addrucin to the covenants and agreements made in the security Immanent. Borrower and Lender furthercov nattandagreeasfollows: A. EMMU ' RATE AND MONTHLY PAYMIBNT CHANGES The Note provides for an initial interest rate of AI RE (9.0) ere. Section 4 of the Note provides for changes in the interest rate and the monthly Payments. as follows: 4. DVTEREST RATE AND MONTHL Y PA YMENT CHANGES (A) Change Darn The interest rate 1 will pay may change on the first day of December ,19-97 and on that day every TWELVE (12) months thereafter. Each date on which my interest rate could change is called a "Change Date." (Iq no blot 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 constant maturity of I 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 baud upon comparable information. The Note Holder will give me notice of this choice. (C) cakmmimadChaagsa Before each Chattge 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 d /gth of I %. subject to the limits stated in Section 4(D) below. This rounded amount will be my new interest rate until the text Change Due. 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 We 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) Lyaly an IrLLta t Raft Changes The interest raft I am required to lay at the firm Change Date will not be grater than 14.0 % or less than 8 -() 4e 7i1q�IddfkiCi6i6ifiFilddFiElddt�itiii�lflii�iii 1f�fi[7C7L3GXX7L�X -�1L- vt�j(�[j(�;tgp](j[¢1�. The minimum interest rate on this loan will never be pas than A _ 0 % and the maximum interest rate wig never be grater than (E) E9Lativw Dale of Chtnga My new interest rate will become effective on each Change Date. I 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. (1) Nedee of Changes The Note Holder will ma'1 of deliver to me a notice before each Change Due. The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; (1i) the amount of my monthly payment following the Change late; (iii) any additional matters which the Note Holder is required to disclose; and (tv) the address of the association you could contact regarding any questions about the adjustment notice. IL CHARGES; LEENS Uritorm Covenant 4 of the Security Instrument is amended to read as follows: 4. aatgtr, !Jame. Borrower shall pay all taxes. assessments, and other charges. fines. and impositions attributable to the Property which may attain a priority over this Security instrument. and iaschold payments of ground rents, if any, in the nattner provided under paragraph 2 hereof or, ifhot paid in sttch mower, by Borrower making payment, when due, directly to the payee thereof. Borrower shag promptly furnish Lender erg notice, of amounts due under this paragraph, and in the event Borrower shag make payment directly, Borrower shag promptly furnish to Leader r u*u evitleacing such payments. Borrower shag promptly discharge any lien which has priority over this Security Instrument; howevetr, Borrower shall not be required to discharge any such lien so king as Borrower: (a) shag 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 enforcement of such loan in. legal proceedings which in the opinion of Leader operate to prevent the enforcement of the lien or forfeiture of the Property or any pa" Mweof; at (c) sW secure from the holder of such hen an agreement in a form satisfactory to Lender subordlinsting such lien to this Sonority lmuu red. If iAndw,'dearaina that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, L Ww d" Borrower a notice identifying such hen. Borrower shall satisfy such lien or take one or more of the actions set forth above wkida ten days of ode giving of the notice. C. Noma Uroform Coverum 14 of the Security Insttument is amended to read as follows: 14 l edee. Except for any notice required under applicable lave to be given in another manner, (a) any notice to Borrows provided for in this Semxity Imarmaettt slag be given by delivering it or try makng it by first class mail to Botrower at the Property Address or at such other address as Botrowst any designate by notice to Lwidet as provided herein, and (b) any notice ter, Lender shall be given by rust ciass mail to Lender ", address slow herein or to such other addrtxs as 1.ender may designate by notice to Boorrowet as provided herein. Any notice provided for in iluis S cwky Inrtr nt %W be de med to have been given to Aosrowet to Leander when given in uhc manner designated herein.