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A 85- 000534 ADJUSTABLE RATE RIDER THIS ADJUSTABLE RATE RIDER is made this 1st day of February , ICU— and is incorporated into and shall be deemed to amend and supplement the Mortgage, Del of Trust, or Deed to Secure Debt (tire "Security Instntm at ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note to HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA ( the " Lender ") of the same date (the "Note ") and covering the property described in the Security Instrument and located at: 32D8 Westside and 1321 North Sheridan Place, Grand Island, Nebraska 68801 (Property Address) The Note contains previdoas allowing for chsagea in the interest rate. If the Interest rare Increasing. the Borrower's monthly, payments will be higher. If the interest rate decream, the Borrowm's monthly payments will be lower. ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11 7s. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATEAND MONTHL Y PAYMENT CHANGES (A) Chaye Data The interest rate I will pay may change on the __1St_ day of March .19 - G , and on that day of the month every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The Index 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 ene-- years, as made Available by the Federal Reserve Board. The most recent index figure available as of 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 its choice. (C) Calculaidern of Closnges Before each Change Date, the Note Holder will calculate my new interest rate by adding two and onP -half percentage pants ( 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 loath will be no less than. 9.5 %. The maximum interest rate on this loan will be no more than 14-A71; 17s. 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 Do* of Cbegellies My new interest rate will become 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. (E) Notice of citaftes The Noce Holder will mail or deliver to the 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 title and telephone number of a person who will answer any question 1 may have regarding the notice. IL CHARGES; LILNS Uniform Covenant 4 of the Security Instrument is amended to read as follows: C. °P, Uniform Covenant 14 of the Security Instrument i% amended to read as follows. 14. Natlice. Urtearpt fin any notice required under applicable law to he 4iven in another manner. (it) erne• nutu °r aer llorrowcf provided for in alts 'vilify Inatru t shall he (liven by delivering it of by mailing it by fitgt class mall to Borrower at the Protterty Addfcv% or at such tit het address ss Wnrtygorer fftay designarte by mliise to I enalet as provided herein, and (b) any nonce to 1 ruder ,hail tw, atvrn by first class mail It' I et1det,% mM ens %haged hereon or to atn h archer addrerit as I ender may desixtrate by notice to Ilorrowrr Av, pr 4" ided tierrm 1%rtr crows tit o%Idect form thin "jmk r9ry Ireatrumem %flail he deena:,J ter have hrert given to Iorrower w Lender watrn arvrn or rhr creamer drtrxna1r0 hel,11n 9