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85- 000569
<br />ADJUSTABLE RATE RIDER
<br />THIS ADJUSTABLE RATE RIDER is made this 4th day of February 19 95 ,
<br />and 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 i LOAN ASSOCIATION OF BRAND ISLAND, NEBRASKA (the "Lender ") of the same date (the "Note ")
<br />and covering the property described in the Security instrument and located at:
<br />#52 St Paul Road Grand Island. NE 68801
<br />(Property Address)
<br />The Note cost" provisions allowing for changes in the Interest rate. if the Interest rate
<br />locremes, the Borrower's monthly payments will be higier. If the interest rate decreases, the
<br />Borrower's monthly payments wig be lower.
<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Borrower and Lender
<br />further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of 12 071t. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4. 1,VTEREST RATEAND MONTHL Y PA YMENT CHANGES
<br />(A) Clamp DON
<br />The interest rate I will pay may change on the 1St day of __ April '19 86 , 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) Thelndsx
<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 one year!( 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) Caliveladift of CYr elan
<br />Before each Change Date, the Note Holder will calculate my new interest rate by addingT.jl) ere percentage points
<br />(. 3 %) to the Current Index, and rounding to the nearest 1/8%. The sum will be my new interest rate. The minimum interest rate
<br />on this loan will be no less than 10 ._9r. The maximum interest rate on this loan will be no more than 16-5 %.
<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 Climes
<br />My new interest rate will become affative on each Change Date. I will pay the amount of my new monthly payment beirinning on the first
<br />monthly payment date after the Change Date until the amount of my monthly payment changes again.
<br />(E) Noda of
<br />The Note Hokler 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 Nome Holder is required to disclose; and
<br />(iv) the title and telephone number of a person who will answer any question 1 may have regarding the notice.
<br />B. CHARGES; URNS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. C Borrower shall pay all taxes, assessments, and other charges, fines and impositions attributable to the Property which may
<br />attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hercof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notica of aniounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender tecripts cvkksdng sucn payments, Borrower shall promptly discharge any lien 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 obligation secured 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 han in, logal proceedings which in the opinion of Lender operate to prevent the enforeetncnt of the lien or forfeiture of the'Property or
<br />any part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender vubordinating such lien to this
<br />Sisixtrity Instrument,
<br />It Lender determines that all or any part of the Property is subirct to a lien which may attain it priority over this purity lnstrument, Lender
<br />give Borrower a notice identifying such lien. Borrower shall satisfy such ben or take one or more of the actions set lurch Above within ten
<br />days of t)e giving of the notice,
<br />C1. NOTWE
<br />kiniform, Covenant 14 of the Smurilv Instrument it amended to read as follows
<br />14. Naga. Except (in any notice required under applicable law to he given in another manner, fa) am trance to Iterrrower vrosided liar in this
<br />purity I nstiumeni shall be given by delivering it or by nailing it by firs) claw marl to Borrower at the Viotirate Addira, w .ar ;;,h othct addles
<br />as r €(ver tatty designate by notice lit I:endet m provided herein, and its) anv ionic 10 1 Cruder ,11411 i'v gaten by lira? ,la :, marl ro I ender';
<br />aim oafed herein rw re, teach when addrass as Lender MAY designate by aom_e n, Borrower as Vim Ord heton ,inr mai.r I,a „a +dC +9 tar in ilm
<br />Ne,ofley Imimmcrtat shall he denoted to have hcen given In Borrower or I ender when wren in the tits mire dr %ianate,i twivin
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