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ADJUSTABLE RATE RIDER 86-- 107185 (1 Year Treasury index -Rate Caps) THIS ADJUSTABLE RATE RIDER is trade this 15 day of December iq 86 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security lastrumm ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FEDERAL SAVW" i LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA ( the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 610 West John. Grand Island, Nehracka (Property Address) This sole contain provlsloss aYowiag for changes is ray faterew rate and my atowlily payee its. This mote also herb the amount my intent rate as surge at say one dw and slsn the adsitnsn sad the swdesss rate I am" 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 tTANGES The Note provides for an initial interest rate of we. 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 YMEAT CHANGES (A) Chssge Dana The interest rate 1 will pay may change on the first day of January 19 _$$_ and on that day every Twe7 vp months thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The lain 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 1 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 based upon comparable information. The Note Holder will give me notice of this choice. (C) C kdadem of chsal" Before each Change Date, the Note Holder will calculate my new interest rate by adding r h rap percentage points ( 3.0 %) to the Current Index and rounding to the nearest 1: 8th of 1 Qhh, subject to the limits stated in Section 4(D) below. This rounded amount will be my new interest rate until the nett Change Date. The Note Homer 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) Li•ka oe Imerat Rate Chagn 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 e�, T� 7 Gk�dHHi�EEi[C# 1fI €IGIA€3Cl�iiiKRl[4(kXl4P!(t,�z yvvvvvvvvvv XXXXXXXX VtXl*j[K4,j(tJ[4W,*jQJ(Q{tj( MftThe minimum interest rate on this loan will never be kss than 8.25 % and the maximum interest rate will never be greater than 14-375 9r. (E) Effective Deft efCWges My new interest rate will become effective on each Change Date_ I will pay the amount of my new monthly payment beginning o,: the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (f) Notice of Chaga The Note Holder will [nail 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; (H) the amount of my monthly payment following the Change Date; (iii) any additional matters which the Note Holdcr s r equired to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. IL CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chary; Lien. 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 manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts due under this paragraph, and in the event Borrower shall crake payment directly, Borrower shall promptly furbish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall 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 lien in the manner acceptable to Lender; (b) shall in good faith contest such hen by. or defend against enforcement of such Ben in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof; ot (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security instrument. If Lender determims that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, Lender shall 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 givingef the notice. C. NOTICE Urnform Covenant 14 of the Security Instrument is amended to read as follows: I& NOUN. Except for any mice required under applicable law to he given in another manner, (a) any notice to Borrower provided for in this Security Iratrument shall be given by delivering it or by mailing it by first class mail to lkirrower at the Property Address or at such other address as Borrower may designate by notice to Lender wi provided herein, and Ib) any notice to Lender shall be given by first class mail to Lender's addraa stated herein or to ouch other addiess as Leader may designate by notice to Borrower as provided herein. Any notice prosrded for in then Security instrun"t shall be deemed to have 1, given to Borrower or (.ender when given in the manner designated herein.