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9 ADJUSTABLE RATE RIDER 85`' 401923 (1 Year Treasury Index-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 22nd day of April 19 85 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security i Instrtment") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FERAL SAVINGS A LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the property described to the Security Instrument and located at: 717 S. Eroadwell Grand Island, Nebraska 68801 (Property Address) This oote contains provialm alioeving for ciaega in my Interest rate and my monthly paynseats. This note atso limits the amount my Interest rate call change at may one time and al$a tie mhdo um aced the maximum rats f must ay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agra as follows: A. INTERN RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9-7r, l7o. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 1. INTEREST RATE AND MONTHL Y PA YMENT CHANGES (A) Chimp DNas The interest rate I will Pay may change on the first day of May I month'1986 and on that day every s thereafter. Each date on which my interest rate could change is called a "Change Date." (9) The Itch Belpmmng with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change ate is called the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Cdealadm e N Chaetgm Before each Change ate. the Noe Holder will calculate my new interest rate by adding nr r= anri c Gtr p_ F ,grit , percentage poiets (_ t R7 q►) to the Current Index and rounding to the nearest I /Sth of [ %, subject to the limits stated in Section 4(D) below. This rounded amount will be my new interest rate until the text Change ate. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am expected to owe on that Change ate in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment. (D) I.WI$ oat Wearer Rate tChaetga, The interest rate I am required to pay at the first Change Date will not be greater than 11 .75 5 %- Thereafter• my interest rate will never be increased or decreased on an single —7e or less than � •� } Y ogle Change ate by more than two from the rue of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be ku than A _ 7F, % and the maximum interest rate will never be greater than ._!A _ 3 ;'5 ens, (E) 1£NaeYse Date M Changes MY new interest rue will become effective on each Change ate. I will Pay the amount of my new monthly payment beginning on the first monthly payment date alter the Cbange Date until the amount of MY monthly payment changes again. (F7 N"W of Chang" Then Note Holder will mail or deliver to me a notice before each Change ate. The notice will advise me of: (i) the new interest rue on my loan as of the Change ate; (u) the amouat of my mowNy payment following the Change ate; (iii) any additioml matters which the Note Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. IL CHAWAlk- LIENS Uniform Cunt 1 of the Security Instrument is amended to read as follows: 1' a/Not U@W 601101"Win' $lull ay all taxes, ts, std other charges, fitter, and impositions attributable to the Property attain a priority over this Security Instrument, and which may Payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, if not pored in wdt Mangy, by Borrower making payment. when due, directly to the Payee thereof. Borrower shall promptly furnish Lender 40 r4tiM Of sma M due under tlds paragraph, send in the event Borrower shall make Payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower stall Promptly discharge any lien which has priority over this Security Instrument; Aowrim, Borrower slgN not be required to discharge any such lien so tong as Borrower: (a) shall agree in writing to the Payment of the web secured by stash Batt in the mater acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of lien m, legal proceedings which in the Opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any Part icy Instrument. or (c) s1�1 wrcura t'ron the Mifeler of such lien an agreement to a form satisfactory to Letdef subordinating such lien to this 1 t. If Lender detarminex that all or any part of the property is subject to a lien which may attain a priority over this Security InsNUment, Leads gins Borltdra a notice identifying such lien. lorrower shall satisfy such lien or take one or more of the actions set forth shove winds ten day$ of tie giving of the notice. C. Noryg,7t UniCom (" 11 of the !i-K:o'lty Instrument is amended to road as follows: N. NeeYni. tixcept for any notice required under applicable law 11 be given in another manner, (a) any notice o1 llofrowel prt)vidol for it, this Security Instrument shgdl he given) by delivetrina it to by manning it by first Class "tail Flt WFlower at the Property Atdobe%% of at wk other addrevs m Borrower may designate by notice to I ernier as provides herein, and (b) any nutter For I ender ehall he riven by Irrve , In- "tad to 1 elide('• acs sts" d herlha or n1 such otbo address "I colder may destanate by nonce ill Ikon owcr ere pea )�eded he, rill Anti mri u e pn!vealed Fm m ihes 'ift silty Instrument shatl be dttetrad to have beefs given to Its" /Omer or I cinder whtru green m the manner droveanainl herrm it r. U't 7