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ADJUSTABLE RATE RIDER
<br />THIS ADJUSTABLE RATE RIDER is made this _ 14th day of January , iq-m-
<br />and
<br />is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security
<br />Instrument") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note to HOME FEDERAL
<br />SAVINGS A LOAM ASSOCIATION OF GRAND ISLAND, NEBRASKA ( the " Lender ") of the same date (the "Note ")
<br />and covering the property described in the Security Instrument and located at:
<br />4238 uranding Iron Court, Grand Island, Nebraska 68801
<br />(Property Address)
<br />The Note contallas provisions allowing for changes in the interest rate. If the interest rate
<br />the Borrower's moutbly payments will be boa. If the interest rate decreases, the
<br />Borrower's montNy payments will be lower.
<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Borrower and Lender
<br />furt)er covetant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of _mil__ 70. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. INTEREST RATEAND MONTHL Y PA KWEIVT CHANGES
<br />(A) Clump Don
<br />The interest rate I will pay may change on the Lit day of 1y1arch 19 2 6 , and
<br />on that day of the month every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date."
<br />(B) The stadia
<br />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
<br />Treasury securities adjusted to a constant maturity of ___ efL__ years, as made available by the Federal Reserve Board. The most
<br />recent Index figure available as of 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 Holder
<br />will give me notice of its choice.
<br />(C) Cskvhtdm of Changes
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding two and one -ha 1 f percentage points
<br />( • 5 %) to the Current Index, and rounding to the nearest 1; 874. The sum will be my new interest rate. The minimum interest rate
<br />on this loan will be no less than 9.5 7e. The maximum interest rate on this loan will be no more than _ 1u.875
<br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal 1 am
<br />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
<br />will be the new amount of my monthly payment.
<br />(D) Effective Daft of Changes
<br />My new interest rate will become efts ctive on each Change Date. 1 will pay the amount of my new monthly payment beginning on the first
<br />monthly payment date after the Change fate until the amount of my monthly payment changes again.
<br />W Notice of Changes
<br />The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise 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 />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the title and telephone number of a person who will answer any question I may have regarding the notice.
<br />IL CHARGES; LIENS
<br />Unifmal Covenant 4 of the Security Instrument is amended to read as follows:
<br />C . Borrower shall pay all taxes, assessments, and on her charges, fines and impositions attributable so ttic Property which may
<br />attain a prictrity over this Security Instrument, and lassebold payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower snaking payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Leader all nofices of amounts due under this owagraph, and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Leadler receipts eviklencing such payments. Borrower shall promptly discharge any hen which has priority over this Security
<br />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
<br />the ~ion mi by such lien in a manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement
<br />of such lien in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the'Propterty or
<br />any put thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to bender subordinating such lien to this
<br />%ecuffity Instrument.
<br />If Leader determines that all or any part of the Propetty is subject to a lien which inav attain a priority over this Security Instrument. Lcruict
<br />OAR give Borrower a notice identifying Stich best, Borrower shall satisfy such lien or take one or mote of the ad'nom set forth above within left
<br />days of ale giving of the notice.
<br />C. t °E
<br />11 Worm Covenant 14 of the 4.4 urity Instrument is amended to read as forllow%:
<br />14, Nalki. fx>crpt for any notice realulred under applicable law to be given ht another ntaranct, ta),eny notice ire (lrrowe, Irroslded fot ui fhis
<br />.`ifs:.uraty Instrunaetif Shall he given by dehvcrina if or by trimling it by first class mail to borrower nt the 1'rnperty Address rot at dish i,thct address
<br />4s Womywer trtay efesignste by noxice to i ender as Irrovi9ed hereirt, and (h) tiny nonce 1,i fender .hall hr vl%crl toy lint da%, 11144,1 to I Coder',
<br />dress stated iwrevn or to Swch ,nhre e d lresa as I,Cadet iliay delianale by notice to Iti rm< -r,r ;4S ptovido! herrrn Anv mace t,f"yIdt d ltrr 11 tan
<br />'^;a°cufa tv tr„ttumem shall be, aleeener:l n., pare J'"it 911 en to llmrower m Leader when p t—n in the mannC� d,.�,ytuate,t lwmn
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