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a v ADJUSTABLE RATE RIDER QQ 003022d, (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 25th day of June r and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deer! of Trust, or Security Deed (the .,Security I Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FEDERAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 408 Riverside Orve� Grand Island, NE 68801 (Property Address) This Note contains provisions allowing for changes in my interest rate and my mthly payments. This note also limits the amount my Interest rate can change at any one time and also the minimum and the maximum rate I Raust pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.5 01o. Section 4 of the Note provides for changes in the interest rate and the monthly Payments, as follows: 4. INTEREST RATE AND MONTHLY PA YMENT CHANGES (A) Change Data The interest rate 1 will pay may change on the first day of 8. s { 1 months thereafter. Each date on which my interest rate could change is called a "Change 85 .'•- and on that day every (B) The lude t 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 available as of the date 45 days before each 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 Holder will give me notice of this choice. (C) Cak istioa of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding oat= and seven eights points (— 1 .875 %) to the Current index and rounding to the nearest 1 /8th of I or Percentage This rounded amount will be my new interest rate until the next Change Date. o, subject to the limits stated in Section 3(D) below. 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 Date 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) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 1 i • 5 6r Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two less than — k2L....._ from the rate of :r.:erest 1 have been paying for the preceding twelve months. The minimum interest rate on this loa less than _ 8.7� 0J0 and the maximum interest rate will never be greater than _ 14 75 07 n will never be _ e. (E) Etfecdve Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. M Notice of CW Men The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; (fi) the amount of my monthly payment following the Change Date; (iii) any additional matters which the Note Holder is required to disclose; and (fv) the address of the association you could contact regarding any questions about the adjustment notice. •. CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4• Clgirgett; Liefs. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which niav attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner rovided tinder or, if not paid in such manner, by Borrower ntakin p Paragraph .2 hereof g Payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall prornptiy furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest uell lien by, or defend against enforcement of such lien in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating suet) lien to this Security Instrument. If Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this tiecurity Inscr'untcnt. Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the forth at?ovt• within ten days of the giving of the notice. actions srt forth i' C. NOTICE Uniform Covenant 14 of the Security Instrument is amended to icatl as follows: 14. Nonce. EixccPt for any notice required under applicable law to be given «r another manna, (a) tiny noti:t rt, Itorruwer ftrovlclttl ti,t m rhi� Security Instrument shall be given by delivering it or by mailing it by First glass mail to liar rower tt the Prof,er r, >ltftfrrs, nr ;tt sui h ttrhel �uldre�d as Borrower may designate by notice to I.cnder as provided herein, and (I,) env nudge to [ tnti l •;hallo 11% Address ens rLe.,�b nulil Ite I addle', address stated herein or to lush trthcr address as !.ender Irtdt6' CIP41(tttlaft by 1lltllt't' it) tiorrttmt'r .ii grlt�t I�)t'l� herCllt �\r1\ il.fgti't' gttte% Iiq,'tl tot in lfriti Sevuroy Irt.sirument shall be deerned to have been given lu idol rowr;r nr !_ender wht Ir pisrn in the ni<rrtnrr t1el,lpn, +trt! rrrrrnt.