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1 87-- 100002 ADJUSTABLE RATE RIDER (1 Yea Treasury Index -Rate Caps) THIS AD ]USTABLE RATE RIDER is made this 29th day of December —.19 BE - atd is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security Instrument") of the mate date given by the undersigned (the "Borrower") ower ") to secure Borrower's Adjustable Rate Note (th- "Note ") to HOME EIlAL SAYMM i LOAN MOMATION OF GRAND ISLAND, NEBRASKA (the " Lender ") of the same date and covering the property desaibed in tie Security Itatrumatit and )orated at: 1147_1144_1149 Pleasant- Vi_.r nrii v S75 Fnst Hall- 1175_1179 -1113 and 1139_1141_1147 S. Vine (Property Address) Grand Island, Nebraska TW wage contains provisions Atim! g for oranges in my inseeet rase and mw monthly payments. Tbk now also dnakls tie amenst my iafterest rate an eiange at any one time aN ako do nnitim® 04 die maidmnm raw 1 aunt pry. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security instrument, Borrower and Lender feather covenant and agree as follows: A. V9 TERM RATE AND MONTHLY TAI(M NT CHANGES The Now provides for an initial interest rate of __9 - n wi. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. Liv7EREST R-4 T£ AND .HONTHL Y" PA Y!tfEhT CHA:vG£S (A) Citiage Dees The interest rate 1 will pay may change on the first day of January —.19 68 and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (a) The Intern 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 Receive 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 Hader will give me notice of this choice. (C) Cakvtiasion of amages Before each Change Date, the Note Holder will calculate my new interest rate by adding three percentage pants ( 1- n eras) to the Current Index and rounding to the nearest 1 /gth of 1076, 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 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) hills as 1Mtaest Raw Chatrges The interest rate 1 am required to pay at the first Change Date will not be greater than 14.0 rfv or less than A - � �. iclfd6n# Hi�dS�ly�1UF�alcifi) hxat�Mx�Wi�FxiE) �XYaIUWC�( dE�1c�6llxtX >X�yX:i(�c�lclaYdEX� idf Yd(ILtlf The minimum interest rate on this loan will never be less than A-0 and the maximum interest rate will never be greater than _--LLl Il ra. (F) Effective Dale of Citages My new interest rate will became 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) Nedee of Changes The Note Holder will mail or deuver 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. IL CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. C11m9mt Liens. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain apnority 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 shalt make payment directly, Borrower shall promptly furnish 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 oftistion secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of stwh Liar 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; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Sacmity lasttmaevit. If Leader determines that all or any part of the Property is subject to a lien which Tray attain a priority over this Security Instrument, Leader shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above Lwithin tar days of the giving of the notice C. NOTKZ Uniform Covenant 14 of the Security Instrument is amended to read as follows 14. Native. Except for any notice required under applicable law to he given in another manner, la) any notice to Borrower provided for in this ecurny Instrument %hail be given by delivering it or by mailing,! In first class mail I Bormwa at die Property Address or at suLh inner aJilt - a►!horrawe, may designate try noiwt to Lender as provided herein. and (b) any notice ti. I ender chal! be given by first :lass mail t+. 1 ender'. "Irtu pared herein or to ouch other address as tender may designate by notirr io litmrower as tern rded herein .kn% nonce to —ided !o, to this ti^.urrfv ttutrurnent thall be deemed to have bteaa given to Wwrowwef .+r t ender when grsrn =n Ole msixncr desixnatcd herein