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r _ ADJUSTABLE RATE RIDER (1 Year Treasury Index-Raw Caps) 26th November 19 86' THIS ADJUSTABLE RATE RIDER is made this day of mad is incorporated into and shall be deamed to nomad aid supplement the Mortgage. Deed of Trust. or Security Dead (the "Security hsatrameat'� of the as ne date given by the undersigned (the''Borrower ") to secure Borrower's Adjustable Rate Note (the "Note") to HOME ttrse u nruutras a LOM A8$MATCM OF ORAND M MD NEAIMSKA (the "Lender ") of the same date and covering the property daeribed in the Security Instrument aid loawd'at: 822 West 7th street, Grand Island, Nebraska 68801 71 " (Property Address) This now asaWtns par *lsfaas Mewl" for eMagrs in ray teleran Mc MM my notably pgaeaY. Thin ante aYs Rahn the mtrtsaat my haunt rate can chomp at any an the sad afro the Wakeman aM the aadm m rase I Ana pay. ADMIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of _ 9 %. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Cheap Dow December The interest rate I will pay may ange on the fast day of 19 87 ch , and on that day every twelve months thereafter. Each date on which my interest rate could change is called a "Change Date." (A) TheladkM Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United State Treasury securities adjusted to a constant maturity of 1 Yom. 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 notice of this choice. (C) CpleaMbaefCiasges three Before each Change Date, the Note Holder will calculate my new interest rate by adding percentage points ( 3 4s) to the Current Index and rounding to the rtearest 1 /8th of 19s, 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 1 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) L1aMs on Iaernt Anse Cttaages The interest rate I am required to pay at the first Change Date will not be greater than —14— 375 % or less than 8.25 %. Thereafter, my interest rate wilt never be increased or decreased on any single Change Date by more than two percent (2Z) from the rate of interest I have been paying for the preceding twelve months. um interest rate on this loan will never be less than 8.25 sry and the maximum interest rate will never be greater than 14.3 (E) Efkcdve Doe of Changes 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 —` moathdy payment date after the Change Date until the amatnt of my monthly payment changes again. (El NoderMCWga The Note 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 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. A. CHARGES; LIENS Uniform Covenant 4 of the Security instrument is amended to read as follows: 4, CbwM Linens. 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 kasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or. if not paid is such mover, by Borrower making payment, when due. directly to the payee thereof. Borrower shall promptly furnish Lender all z6boes of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lander receipts evidencing such payments. Borrower shall promptly discharge any him which has priority over this Security Instrument; however. Borrower shall not be required to discharge any such hen so long as Borrower: (a) shall agree in writing to the payment of the obppeioa secured by such him in the manna acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lion in, legal proceedings which in the opinion of Lender operate to prevent the enforoernent of the lien o. forfeiture of the Property or any pint thaaoh, or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this SmairitY [astrumeat• 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, t Lander shell give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above 2 within tea days of the giving of the notice. C. NdIK E Utufota Covenant 14 of the SecuMy Instru icat is amended to read as follows: Iii Nahm.,Except for my notice required under applicable taw to be given in another manner, (a) any notice to Borrower provided for in this %cerhy lisinwmont shall be given by delivering it or by taai ing it by first class mail to Borrower at the Property Address or at such other address M Bormwet may designate by notice to Lender as provided herein. and (b) any "ice to Lender shall he given by first class mall to Lrndet" address, mated her an or to Merit other address as L.ettder may designate by notice to Borrower as provident herein. Any rit-Ake pToOded for in this %runny, luitiwaord shad be deemed to have !teen given to Borrower or )render when given in the manner designated herein.