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M ADJUSTABLE RATE RIDER 85._ 002220 (t Year Trounry, Index -Rate Caps) THIS AD.IUSTABLE RATE RIDER is made this 9th day of may 19 1_, and Is incorporate into and shall be daemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same data given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FE&VAL 111AYINOi i LOAN AtiOCIATION OF GII/WD Itif.ANO, NE�(the "Lender ") of the same date and covering the propo tydeacribed im the Security Instrument and located at: 608 South Monroe Grand Island Nebraska 69801 (Property Address) TMm noes eemuits pge 1W allowbg far eiaages Is my island rase amd my tmouNdy payments. This most also Neft the amount try Interest rate can cianp at any oats time ate ate tie minimum aM tie wmx mtam rate I and pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements trade in the Security Instrument, Borrower and Lender fl rt)tar covimant and agree m follows: A. AYTER W RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11-25 4s. Section 4 of the Note provides for changes in the interest rate and the mombly payments, as follows: 4. INTEREST RATE AND MONTNI.Y PAYMENT CHANGES (A) amp Dates The imano rate 1 wig pay may change on the first day of June 19 86 , and on that day every I? months thereafter. Each date on which my interest rate could change is called a "Change Date." (R) The hwu Besimalm with the fast Chimp Date, my interest rate will be based on an Index. The •'Index" is the weekly average yield on United States Treasury sewxitia 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 dmi: 4S days Wave each Change Date is called the "Current Index." If the Index is no batgar available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will ghe me notice of this choice. (C) Colonialism of Ck"M t r. r e e Won, such Champs Date, the Nom Holder will calculate my new intact rate by adding percentage points ( 3 . Its) to the Current Index and rounding to the nearest 1 /Ith of 1 %, subject to the limits stated in Section 4(0) below. The rounded amount will be my new interest rate until the neat Change ate. The Note Holder will than detarnnine the amount of the monthly payment that would be sufficient to repay in full the principal 1 am expected to owe on that Chaw Dew 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 amdmddy payment. (D) Llaft an' - - Rase Chomps The interim rat I am required to pay at the first Change Date will not be grater than or less than A %. Thereafter, my interest rate will never be increased or decreased on any single Change Mte by more than ton n f -..� frdou the rase of ink I have bast paying for the preceding twelve months. The minimum interest rate on this loan will never be lent than 3 + b and the maximum interest rate will new be greater than _ 11.LU. �. _w►. (E) Elfted a Date of Cry My new interest raw will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly psytmson dew aft the Change Dag until the amount of my monthly payment changes again. (I) moo of Gallas The Note Holder will men or deliver to to a notice before each Change Date. The notice will advise rte of: 0) the new iawm rate on my loan as of the Change Date; (d) the amount of my monthly payment following the Clam Date; (ui) any miftomill »e which the Note Holder is required to disclose; and (iv) the addrem of the assocuition you could contact raguding any questions about the adjustment notice. IL CNANG1111k 1JM Unifem Covemma 4 of the Saewity Instrument is amended to read as follows: C. MUftM(;O"wm 14offlieSecoMy Instrument karriended for asfd>lhaws: M, Naha. Except for tine notice ftqukw under applicable law to be gives in anothfn manor, tea any notid a to liortowrr Inovided for in this tiounrov Immumm shall be by liveriolt it or by mailing it by first class mail to Wwrowet at thr Ptoletty Ad dews in at %wh .whet addtrsn es by "Ofte to (Ander as Provided herein, aral 1h) any remise io Lender shall he Given by inn ;Ia%, mail io 1 e.inlar', 4`1101041" stated hOW6 Of to h 01 her mesa at 1 map re try not we to Wwrowo at tm,vftied herein Any neat.. e p;... iJed fov in ihn %varny 8 t tsar to have' gavan to lcwtnwer rrr I tmlet xF.en gtven m tree iraanaart cteveanatsrt ba�a -rat 01