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5�- 000239 ADJUSTABLE RATE RIDER TiIiSA97USTABLER ,ITE RIDER is made this 15th daya January 19$B_, awl is incorporated ltto and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Sektnrity I ") of the sun date [ice by the undersigned ( the "Borrower ") to secure Borrower's Adjustable Rate Note to HOME FEDERAL 3AVM3 A LOAN A890CIATWN OF aftmo IBLANO, NEBRASKA (thx " Lender") of the same date (the "Note ") and covering the property described in the Security Instrument and located at: 960 South Oak, Grand Island, Nebraska 68801 (Property Address) The Note osaftlas proms allowing for changes In the Interest raft. If the haterat raft the Bormver's meaft payments wM be higher. if the latttsst raft decremes, the DwrowerIff meaft paymeaft will be later. ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Borrower and Leader further covenant and agree as follows: A. KWMEST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11 Ke. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: C I NTERESTRATEANDMONTHLYPAYMENTCHANGES (A) Cite Daln The interest rate I will pay may change on the 1 st day of ma r r h 19 AR , and on that day of the mouth every 12 months thereafter. Each date on which my interest rate could change is called a " Change Dote." (B) The biro Beginning with the first tfiange 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 gRe years, as made available by the Federal Reserve Board. The most recent index figure available as of 45 days before each Change Date is allied 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 nice of its choice. (C) Cdcohmims of chages Before each Change Date, the Note Holder will calculate my new interest rate by adding two and one -half percentage pip; ( 2.5 %) to the Current Index, and rounding to the nearest 1 /8%. The sum will be my new interest rate. The minimum interest rate on this loan will be no less than 9.5 db. The maximum interest raze on this loan will be no more than 14.875 eR, 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 the 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) Effective Doe of Changes My new interest rate wig become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first mthly payment date after the Change late until the amount of my monthly payment changes again.