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-ago 000 ADJUSTAB E RATE RAID R 0 Year Treasury index-Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 28th day of JU ne and is incorporated into and shat) be deemed to amend and supplement the Mort t 1e Insumnient ") of the same date given by the undersigned as8o, Iced of Trust, or Security Deed (the "Security sngned (the "Borrower") to secure Borrower's Adjustable Rate Note ([he "Note ") to HOME FEDERAL SAVINt4 I A LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: 1614 North Pine, Grand Island, NE 68801 (Property Address) Tbk toe awsuie provisions snowing for ckmag s is my interest rate and my monthly Mymeab. Thk note Abe Bmits the amount my interest rate can change at nay owe lin a and she the Mhdi m ad the mudmwm vale I mist 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 IRATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11 4e. Section 4 of the Note provides for changes in the interest rate and the matthly payments, as follows: 4. INTEREST RAT£ AND MONTHL Y PA YMENT CHANGES (A) Change Data The interest rate I will pay may change on the first day of JU 1 Y 1 Pg 86 12 months thereafter. Each date on which my interest rate could change is called a "Change Date. and on that day every (S) The index 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 due 4S 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) Calealatlal of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding thrpp potnLS ( (31, 9s) to the Current Index and rounding to the nearest 1 /Sth of IN, 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 Holder will then determine the amount of the monthly payment that would be sufficient to repay in full the principal 1 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) LhWu as lalerwt Rate Chsages The interest rue I am required to pay at the first Change Date will not be greater than 13 O;b or than 9- 5 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two less r D t from the rate of interest l have beer. paying for the preceding twelve months. The minimum interest rate on this loan will never be less than 9.5 % and the maximum interest rate will never be greater thanl6 (E) Effseflve Do* M Cbe" 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. gain. (F) No" of Chaag[s The Note Holder will trail or deliver to me a notice before each Change Date. The notice will advise me of: G) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Date; (decd) any additional matters 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. R. CHARGES; L /ENs Uaform Covemew 4 of the Security Instrument is amended to read as follows: 4. Chmgaq Lies. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may prim Y ova this Security Instrument, And lwehohd Payments of ground rents. if arty, in the manna provided under paragraph , hereof or, if not Paid is such manna, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish !..ender all t of mmonms due uncer this paragraph, and in the even[, Borrower shall make Payment directly, Borrower shalt Promptly tly ur furnish Lender to L-Aff >'�ts ewtdmeisg such Payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; h"e"ar, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the oblillstOO secured by such Ilan in the sauna acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of torch UN its, hoal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any Part thttroef, or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Satrity 1marummfl. If Lender determines that all or any put of the Property is subject to a lien which tray attain a priority over this Security Instrument, Lander andl give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above widtin tat days of the giving of the notice. LC. NOTICE Udform Covenant 14 of the security instrument is amended to read as follows: H, N6111". Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Security 111"Mment A WI be given by delivering it or by mailing it by first class mail to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall he given by first class mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. I