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ADJUSTABLE RATE RIDER 86—• 107050 (I Year Treasury Index-Rate Caps) THIS ADJUSTABLE RATE RIDER is trade this _ _ Rth__ day of December .19 _ 5 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument-) of the same date given by the and (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME Rat. SAVINGS i LOAN A380CIATiON OF GRAND HR MD, NEBRASKA (the "Leader ") of the saute date and covering the property described in the Security Instrument and located at: S1S Went ChArlta„s, Grand Island, NE 68801 (Property Address) This stole ceatesns previsions allowing for char in my interest rate and ray monthly paym ". This note aline Welts the aniesst ny interest rate can change at any one time and aline the siaimmn and the maxismain rate t muss pay. ADDITIONAL 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 9.0 !Ti. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHL Y PA Y.MENT CHANCES (A) Change Data The interest rate I will pay may change on the first day of January , 19 58 and on that day every I_ Qt months thereafter. Each date on which my interest rate could change is called a "Change Date." (s) The IMat 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 43 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 the notice of this choice. (C) CainiMiaw of Chan Before each Change Date, the Note Holder will calculate my new interest rate by adding thtQQ and 0QQ_ ham— percentage points ( 3.5 %) to the Current Index and rounding to the nearest 1 /8th of I%, subject to the limits stated in Section 4(D) Mow. 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) Littnits en inlereat Roe Ganges The interest rate I ant required to pay at the first Change Date will not be greater than 14.00 or less than 8.D 'f•. ) EitiL�friO) blEtlEl (Wfi)fdihhdEb�fdbiftYd9)Etli X.929XXXX tmlft The minimum interest rate on this loan will never be less than 8 , QQ and the maximum interest rate will never be greater than 14-nn-%. (E) Etteettm Dale of Chagas 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 date after the Change Date until the amount of my monthly payment changes again. (F) Nodes of Chmagn 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 tatters 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. B, CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chirps; Liam 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 leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manna, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts dux under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Wider receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shalt not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such lrar in the manna acceptable to Lender; (b) shall in good faith contest such lien by. or defend against enforcement of such lien in, kpl proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from tine holder of such lien an agreen"t in a form satisfactory to Lender subordinating such lien to this Security instrument. If Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument. Ladder shag give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days of the giving of the notice. C. NOTICE Uniform Covenant 14 of the Security instrument is amended to read as follows: 14. Nodee. Except for any notice required under applicable law to be given in another manner. (a) any notice to ik-)rrowet provided for in this Security Dent shall be given by delivering it or by mailing it by first class mail to Borrower at the Property Address (it at such other address as Borrower may designate by ice to lender as provided herein, and (h) any notice to Lender shall he given by first class :nail io Lender's muses susted'herein or to ±tort+ other address as Londe may designate by tx>'iice to Borrower as provided herein, Any notice provided tm in this Security Instrument shalt he deemed to have beets givers to Borrower of Lender wizen given in the ntantzcz° clesignatecl hetein