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ADJUSTABLE RATE RIDER 85-- 00248Z, 0 Yew Treasury index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 22nJ.1_ day of may ,19 _83_._. and is incorporated into sad shall be deemed to amend and supplement the Mortgage, Dad of Trust, or Security Dad (the "Security tomin ment ") of the aanx date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME MWft SAYIM®R i LOAN A3500M OR QRt>tNQ ISLAND, NEORASKA (the "Lender ") of the same date and covering the property described her the Security Imtrumatt and located at: 110 West Third, Alda, Nebraska 68810 (Property Address) This ante eo*Wna provisions allowing for chomps In my himself raft sad my moaNYy payments. This tale doe Bait the amount eery latered rate can charms at any one time and she am minlmaas and the madman[ raw I mm pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covemismit and a8ree as follows: A. INTKWW RATE AND MONTHLY PAYMENT CHANGES The Note provide for as initial interest rate of. 4.7S 9t. Section 4 of the Note provides for changes in the interest rate and the mcambly payments, M foBowa: 4. INTEREST RATE AND MONTHL Y PA MEW CHANGES (A) Chomp Dow The interest rate I will pay may change on the first day of J ore 19 86 , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (111) The Nina 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 Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure avail:bkas of the tints 45 days before each Change Date is called the "Current Index." If the Index is no loner available, the Note Hour will choose a new index which is based upon comparable information. The Note bride will give me notice of this choice. (C) Caltatnd" M Gagau Before each Chaff Due, the Note Hodder will calculate my new interest rate by adding are & sever eights percentage phone ( = • 875 %) to the Current Index and rounding to the nearest I /Sth of 1%. subject to the limits stated in Section 4(D) below. This rounded amount will be my new interest rate until the next Change Date. The Note Hoklet will than determine the amount of the monthly payment that would be sufficient to repay in full the principal 1 am expected to ore on that Change Dos in substantially equal payments nts by the maturity date at my new interest rate. The result of this calculation will be the new amount of my monthly payment (IN IJmNt an law" Rate clangs Thu imarest rate 1 am required to pay at the first Change Date will riot be grater than _ i "'� 4b or less than Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than from the rate of interest I have been laying for the preceding twelve months. The minimum interest rate on this (wen will [ever be lea than and the maximum interest rate will [ever be greater than (10 Rlfied" Dale of Cimgat My new nearest rat will beese effective on each C.Unp Date. I will pay the amount of my new monthly payment beginning on the first monthly payment doe after the Cheap Date until the amount of my monthly payment changes again. (1) .Neale M Changes The Note Holder will nob or deliver to me a notice before each Chaff fate. 'The notice will advise me of: (i) the new informal rate on my loan as of the Cheap Date: (6) the amount of my mwnfhly payment followia the Change fate: (W) any additional mothers 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. 1L C IA MS VoWerms Covenant 4 of the Security Imstrunemt is amended to read as follows: 4. cam"M Ltieae. Boaroilr r SW pay all taxes. assestrationts. and other charges, fuea, and impositions attributable to the Property which may muldis a priority ova this Security Itsinnumt, and Waschold payments of ground rams, if any, in the manner provided under paragraph 2 hereof lye, if at paid in such mum. by Borrower making payment. when due, directly to the payee thereof. Borrower shall promptly furnish Lender all noffices M memmults eke under this paragraph. and in the event Borrower shall make payment directly, Borrower shall promptly furnish to such paywam. Borrower shall promptly discharge any lien which has priority over this Saurity instrument. be"eves. Battower sba8 not be requited to discharge any such lien[ so lag as Borrower: (a) shall agree in writing to the payment of the by swdr ken in the missiles acceptialsiti to Lauder; (h) shall in good faith contest such lien by, or defend ageainit enforcement of go* ban la. lowl Proceedings which in the opium of Lender operate to prevent the enforcement of ttx lien or forfeiture of the Property or any 1st i or (c) shW mace from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this r WARVOWFA. IfUnder dowakm tea all or any art of the Property is sub*t to a hen which may attain a priority over this Security Instrument. Ussiler sholl gam borralm a notice Wmntifyieg such km. Borrower shall satisfy such lien or take ate of more of the actions net toith above wiftis tea days of this gtv of the otmke, C. VisdarmCoverision 14 of it" Sessuffy Inattumen,t inamensivil to read at foliown: It lYNko, h far any notice reatuared undo applicable taw to be givers in another manner, dal any nol)cc to Harrower ptovidcd lot rn tats my ahW hs Neat by vmtirgl fa (r by moilfng it by first class mail tee lkwrowmt at the Privlrrtty Addirms act at stech nth €t address a► t by notaca to 1. ender as rottiviishid mein, and (b) any nottct nn I.Crider shalt he given by first class mart r„ t vnder's v4sed listrifift ear tea such tat a at l,etwO May deallonsic by notice to ilorrowti as lrrovhled hetrin. Any notice pimi,teal Im o, this ny Instrument shell be 1 t,> haver a err) given to flol roww or I Coder when atvvn urn I he nta.neea dratanaerd here ^a, R