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ADJUSTABLE RATE RIDER
<br />( I ?,� 100050 (i
<br />Year Treasury Index -Rate Caps}
<br />THIS ADJUSTABLE RATE RIDER is made this — 2nd _. day al' - `��January T 39 _. :,
<br />and is ' incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security
<br />f ") of the same date given by the undcrsigised (the "Borrower ") to secure Borrower's Adjustable Rate Note (.he "Note") to HOME:
<br />FEDERAL I&VHM # LOAN A$SOCIpT" OF GRAND ISLAND, NEBRASKA (the "Leader ") of the same date and covering the
<br />descriited its the Security Instrument and located av
<br />1.024 West 11th Street, Grand Island, NE 68.801
<br />(Property Address)
<br />M "& cannihin Arts for dMages in my Interest rate acrd my manlhly
<br />paymrats. This note also KrAfts the amaant my interest rate can change at any one time and
<br />*be the sainimusis and the anaidnausla rate I mast pay.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security lnst.ument, Borrower and Lender
<br />further covenant and agree as follows:
<br />A. iNTEMT RATE AND MONTHLY PAYf4�NT CHAN( ;FS
<br />The Note provides for an initial interest rate of �s. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payrt ms, as follows:
<br />4. fA+ TF_ RESTP-4 TE ANDNfaVF11LYPAKWE.NPCHANGES
<br />The interest rate I will pay may change on the first day of ______ t' _. i r ttta r t' �(3
<br />-- --- - ,------- -�----- -- - -._ , ] 9 _ - ,and on that day every
<br />Twelve months thereafter. Each date on which my interest rat; could change is called a "Change Date."
<br />(R) The ladex
<br />Beginning with the first Change Date, my interest rate will he teased on an Index. The "index" is the weekly average yield on United States
<br />Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure
<br />available as of the date 45 days before each Change Date is called the "Current Index...
<br />If the Index is no longer available, the Note Holder -will choose a new index which is based upon comparable information. The Note
<br />Holder will give me notice of this choice.
<br />(C) Of Chong" I,hree
<br />Before Th Change Date, the Note Holder will calculate my new interest rate by adding ._._ —___ percentage
<br />pants ( %) to the Current Index and rounding to the neatest I, 8th of I ilr®, sabject to the limits stated in Section 4(D) below.
<br />This rounded atnount will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount of the monthly riaymcm that would he sufficient to repay in full the principal I am
<br />expected to owe on that Change Date in substantially equal payments by the maturity date at my (sew interest rate. The result of this calculation
<br />will be the new amount of my monthly payment.
<br />(D) an laftrest Rate Changes
<br />The interest rate I am required to pay at the first Change irate wtli not be greater than ._14.3%5 .Q1ii or less than
<br />ii ''S 3 0 1fI(v)tD#MtxM94)t@t)t9Eik")w*x4mm XAt1C9(d})f9CXXXXXXXXXI(XXX)(
<br />vxrXXX ONE OE7RtXMgV1t1FOG1 kONiK )HC4*7t)l0GX*X The minimum interest rate on this loan wil? never be
<br />Ions than �, - -% and the maximum interest rate will never be greater than
<br />(E) Effeettve Daft of Ch ngn
<br />My new interest rate will become effective on each Change Date. 1 will pay the amount cat my new monthly payment beginning on the first
<br />monithly payment date after the Change Date until the amount of my monthly payment changes again.
<br />(F) Notice of Chaftft
<br />The Note Holder will mail or deliver to ine a notice tief ore each Change Date. The ricxice will adv ise me of:
<br />(i) the new interest rate on my loan as of the Change Date;
<br />(ii} the amount of my monthly payment following the Change Date;
<br />Gilt any additional matters which the Note Helder is required to disclove; and
<br />kiv) the address of the association you could contacl regarding anv questions ahout the ad)us, meat notice.
<br />It. CHARGES; 1AENS
<br />Umform Cov,,crlanz 4 of the Scfw ty Instrument is amended to read as follows:
<br />>_ CAsrgaa; Lies. Borrower shall pay all taxes, assessments. and other charges, tines, and impositions attributable to the Property which may
<br />attain a priority over this Security Instrument. and leasehold payments of ground rents, it any. in the manner provided under paragraph Z hereof
<br />or, if not paid in such manner, by Borrower snaking payment, when due, directly to the payee thc!eo . Borrower shall promptly Furnish Lender
<br />all nouices of arrsoums due sander this paragraph, and in the event Borrower hitall :Hake payment directly, Borrower shalt promptly furnish to
<br />Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument:
<br />1,lowever, Borrower shall (tot be required to discharge any such lien stn long as Borrower: (a) shall agree in writing to the payment of the
<br />obfigationswured by such lien in the mariner acceptable to Lender; (b) shoat] in good 'anti contest such lien lay, or defend against ciifui- insiu, of
<br />such ilia in, legal proceedings which in the opinson of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any
<br />part t eaf; or (c) shall secure from the holster of such lien an agree€nent in a form ausiactory to Lcnder subordinating such lien to this
<br />Security Instrument.
<br />If Lender determines that all or any part of the Property is subject to a hest which may attain a prioniv° over this Security Instrument.
<br />t..[ Oda "I give Borrower a notice identifying stwh lien. Nor sower shall ausfy such lien or rake orie or rnore of the actions sea Birth ahove
<br />within we days of the giving of the ntztic €.
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