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I
<br />ADJUSTABLE RATE RIDER
<br />(l Year Treasury Index -Rate Caps) 85,0 0 2 3 8 ; �.
<br />THIS ADJUSTABLE RATE RIDER is made this 16 h v
<br />OW is ituorporatod into and shalt be --_- �datyof may 19 85
<br />I deemed to amend and supplement the Mortgage, Deed of Trust, or Security
<br />) of the a date given by the undersigned t Deed (the "Security
<br />FEDERAL SA111NAS S OAN grad (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note ") to ROME
<br />-n the fit instrument and l OF GRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the
<br />PrOPmY bed m the Security instrument and Idxat� at:
<br />f 4209 Lariat Place, Grand Island, NE 66801
<br />(Property Address)
<br />Tim RON cost" Provisions snowing for c
<br />doywesD. This mote also u�ls tb& swoon, my I f rate can t tale read atY tttoathly
<br />,sae at any one time and
<br />tte� the wwdmnw rate t t pay.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender
<br />WW agree as follows:
<br />A, LNTUUW RATE AND MOINTHLY PAYMENT CHANGES
<br />The Note PrOvldm for an initial interest rate of _ 2-75 Section a of the Note provides for changes in the interest rate and the
<br />monthly payments, as follows:
<br />4, 1 "i"11JfEST RATE AND .MONTHL ) Hq )',yEtiT CHA,,VGE,S
<br />(A) chow Draw
<br />The nsterat rate f wili gay may change on the first day of _ June
<br />months thereafter. Each date on which my interest rate could change is called a "Charge 19 86 ' and on that day every
<br />(1) The Idea months
<br />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 liccuritieff adjusted to a COMilant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure
<br />avaftW as of the date 45 days before each Change Date is called the "Current Index."
<br />If the !fix is no fooller available, the Note Holder will choose a new index which is based upon comparable information. The ."dote
<br />will give the nawe of this choice.
<br />(C) callemstion of chatiess
<br />Bdcee ench Charge Date, the Note Holder will calculate my new interest rate by adding _ ^e & _;even r i Rt h,;
<br />Points ( 7 f�7c �) to the Current Index and rounding to the nearest 1/8th of t Te. subject to the limits stated in Section 4(D) below'.
<br />This rounded amount will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am
<br />expected to on that Change [ate in substantially equal payments by the maturity date at my new interest rate. The result of Ellis calculation the new amount of my monthly Payment.
<br />(D) Listing to Imkrwt Rafts Chagas
<br />The interest rate 1 am required to pay at the first Change [)arc will not he greater than
<br />Thereniter, my interest rate will never be increased or decreased on an single Ch - -W® or less than
<br />from the rate of interest I have been Y g ange Date by more than t in
<br />Paying for the preceding twelve months. Them inimum interest rate or this loan will never he
<br />' - ' _�__� atxf the maximum intends[ rate will never be greater Than _.y/j _ _
<br />r-�r
<br />11D EFforil eDNeofCiang" - o
<br />MY "w"ritilreal rate will become effective on each Change
<br />idy P8 t date after the Date. t will pay the amount es ga new monthly payment beginning an the first
<br />Date until the amount of my monthly Payment changes again.
<br />(F) Nelfca of Chas
<br />The Note Hokiee will frail or deliver to Era 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 />fig) theamountofflaymonthlypaymen, following the Change [)ate;
<br />(di) any a"tional tfl4111M which the Note Holder is required to disclose; and
<br />fly) the address of the Rumiation you could contact regarding any questions about the adjustment notice.
<br />IL C ; L IEN[t
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4, , Litift Borrower shall pay all Imes, assessments, and other charges, fines, and impositions
<br />a Y over this Security Instrument, and kahold attributable td, time Property winch ,'flay
<br />w, if its such PmYmcnts of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />AN wily"M Of , by �xrower making Payment, when due, directly to the payee thereof. Borrower Shall promptly furnish I ender
<br />is cif this payments, and in flit evert' Borrower shall make Payment directly, Borrower shall promptly furnish to
<br />romps Leader such Paynertts. tiorrcrwer shall
<br />howevait' Borrower
<br />shall trot be r Promptly discharge any lien which has priority oVol this Secutlty Instrument;
<br />�te moor to discharge any such lien NO long as Bdxrowcr: (a! shad) agree hn writing to the pavntent of the
<br />Obblstm et( by such in the manner acxeplabe to L.tmer; Ib) shall in good failh contest such lice by, or do" id against enforcement of
<br />"ear", s which in t!w opinion of f.eEtdev
<br />pm operate to t or (c) sail secure from the holder of such lien agreement ei n the
<br />Irrot %act slactor'ytho )I eniltrt vutxxdtnatingtsfx h�cn o this
<br />Sevviray I
<br />if LOWO dirkwanniffis that all or any part of the pro
<br />Lar"dor shall
<br />pert r o notice ice, lying such lien. IhrrrerowCr shall which
<br />strain a `r ttnctHC of tthehat:llc141t WE loflhustb4,vie
<br />of t govt prof the rtotitr.
<br />Uaf ( t 14 of the surity (natruttan is annsndeal to road as followv
<br />14. Ned". Fit" for any "utioe ttutuired under a
<br />n laser pglikabe h`w 4cr he $'yern in anruhc, manner, pal any flood, to Horn .Vf prokI'led 1,11 ni fill,
<br />y 1 gnetds hY d v�d dry It or by mailing U by flat rL4 %ro road to dEranowet at the lbnpy*rty AddrC9, of ai vuch ,gher a,ldless
<br />as y rt by "tAke to Lehr ale lalay It
<br />1 ddxd fstratin. And !P +'r any nEallt:l: ti, farnlet shall he g „erg I,y fist .lay, mail t,. I endCl
<br />mrttteri hespcu Era seesb avttddyr aafdreev ay L.ertaltt fnay dttslgruate by f,xlcC to fitnrnwer at rsrneidev! hrre,n1ns md,cr , ,.i,f;,i (,a ul ibis
<br />wrsam f unwr�t Es d. ravel en have 1�vro waif I.,
<br />a k) arr<,wcr nr I'falter wheat Norm ul the wanner �trslpn�l nl tt el due
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