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85-= 4 00200 ADJUSTABLE RAE RIDER (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 25th day of Aor i 1 ,19 _$S_ and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security lt111trullwot ") of the same date given by the undersigned (the "Borrower ") to some Borrower's Adjustable Rate Note (the "Note ") to HOME ERRM UNIONS A LOAN ASSOCIATION OR GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property dettterlbsd in the Security Instrument and located at: 4428 Calvin. Drive, GRand Island, NE 68801 (Property Address) This note ceNdar Provisions allowl" for dukes is my to mm rate surd my momldy Mysisents. Thin sow abe Nadte the ammN my Interest rate can chaste at any one time and trine tee mbhntem and tie mo dmnm rate I mint pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Leger further covenant and agree as follows: A, INTMW RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11.25 %. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHL Y PA YMENT CHANGES (A) Cl oop Daft The intarost rate i will pay may change on the first day of May , 19 8 6 , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (a) Tier Tartlets Bepaaag with the first Cheap Date, my interest rate will be based on an Index. The "Inset" is the weekly average yield on United Spates Treasury socisrhias a ijow to a constant maturity of I year, as made available by the Federal Reserve Board. The Most recent Index figure available as of the deft 43 days before eaelt 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 Haider will give me notice of this choice. (C) Cdededon, of Changes Dow* eaci Cheap Deere, the Note Holder will calculate my new interest rate by adding points ( - 3-0 %) to the Current index and rounding to the nearest I /8th of I %, subject to the limits stated in Section 4(D) below. This rounded amok will be my new interest rate until the nett Change Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am 040KSW to owe ap that Change Date in substantially equal payments by the maturity date at my new interest rate. The result of this calculation will be the new amoont of my monthly payment. (D) I/erib M losnu Ibtee Ciaeres The raft 1 ant required to pay at the first Change Date will not be greeter than .25 _% or less than %. Thereafter. my interest rate will never be increased or decreased on any single Change Date by more than t w f7 2 } from the rut of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be km than R % and the maximum interest rate will never be grater than to Sli"" Oahe of Chartres My Now huterest me will b000me effective on each Chanw Date. 1 will pay the amount of my new monthly payment beginning on the first Monthly payment deft after the Change Date until the amount of my monthly payment changes again. iii) me" of Charm The Note Holder will mail or deliver to me a notice before each Change Date. 'The notice will advise me of: (1) the mew interest rate on my ban as of the Change Date; 00 the a=MM of any Monthly payment fallowing the tie Date; (10) any additional WAttm which the Note Holder is requited to ; and (iv) the address of the association YOU could contact regarding any Questiom about the adjustment . IL 4 of the Security IDMrJmmt is amended to read as follows. C. 14 of the Security I netrument is amended to read av f(illows: M, lttollste. for ws notes r"q%"W a applimbie haw to be slum in another mantes, la) any o0tWe too i mower tvttovided firs tit this 1 be given by delivering it or by it by fir i to ISMI tawV at the fro ty Addrewx car at sukh othct atldtca4 see y t hY WXKV to Ituder au p9ovuled hatin, Arw (b) any w !.0 %hail he given t ®v first class +vtxtl td, I etutet'' 'M addirm at Itntler may 404mir by MAkV to hottower as pttask - hercan Am stotwe III o,vWe'd lot m 1111% %KWOY Ift""401001 OWU be (kented to have $Av tea ""rrcrrr,tt to l.er When (ttv t art ! he tottnttee d 18natevi herztrt. 7