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1 ADJUSTABLE RATE RIDER (I Year Treasury Index-Rate Caps) 85-- 003099 THIS ADJUSTABLE RATE RIDER is made this _2811— day of — 7nn 19 RE and a incorporated into and shall be deemed to amend and supplement the Mortgage, feed of Trust, or Security hwuumett ") of the same date given the under ) ty Dad (the "Security gi by sighed (the' Borrower ") to secure Borrower's Adjustable Rae Note the "Note" to HOME . SAYINfiS i LOAN AtjSOCfATtON'OF GRAND ISLAND NESRABK , (the "Lender ") of the same date and covering the ' Petty described in the Security Instrument and located u: 132 Chantilly, Grand Island, NE (Property Address) This mare cetWhns peaviMeas aNwiwg for cYangas in ny hatermt rate Mail my mooft MYmeals. This tnon eke Mmlq the amount my Interest ease as change at my owe am and Won the adehamtt ant tee mofNm rase I met pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Imtrument, Borrower and Lender futtlaer covenant and sgree as follows: A. INTERM JIATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9- 5 yr. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RATE AND MONTHL Y PA YAfENT CHANGES (A) Chair Darn The twel vex rate I will pay may change on the first day of J U 1 Y I S t _ , 19 �¢_._ , and on that day every months thereafter. Each dote on which my interest rate could change is called a "Change Date. (5) Tolle 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 sKuddes 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 date 43 days before each Change Date is called the "Current Index." If the Index is no kmger available, the Note Howe' will choose a new index which is based upon comparable information. The Note Haider will give me notice of this choice. (C) CakdaYom of Cbe t u Before each Change Date, the Note Holder will cakulate my new interest rate by adding One & seven/eights i nhts percentage points ( 1.875 Ifs) to the Current Index and rounding to the nearest 1 /Ilth of d %. 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 Holier 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) Usaft on imlwaat Role Clemtget Tlye Interest rue 1 am required to pay at the first Change Date will not be greater than _11.5 75 %. Thereafter, my interest rate will trcver be itrcreased or decreased on an single Change or less than from the rate of interest I have been Pe y ngle Chan a Date by more than t1N0 DBrQ0 t than from 5 paying for the preceding twelve months. The minimum interest rate on this loan will never be 'h and the maximum interest rate will never be greater than (P) Effotllra Dose of CAagn 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 tnonthly Payment data after the Change Date until the amount of my monthly Payment changes again. (F) Nolka of CMarym The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the maw interact rue on my loan m of the Change fete; (ii) the amgnlat of my nmMhly payment following the Change fate; (Ill) amy mddkkmW matters which the Note Holder is required to o isciose; And (fv) the ttddrals of the association you could contact regarding any questions about the adjustment n oike. IL CKANCAM. LIENS Uaffotm CovORM 4 of the Security lastrumem is amended to read as follows: a�tfaiaQWM IA• /-*— shill Pay Oil taxes, . and other chagea. sines, std impositions attributable to the Property which may !may over �Akt Security Insttumm, and leasehold Payments of {raga" rents, a any, in the muAtw y ar. K eta Geld as twit atanllar, by Borrower malt provided under paragraph 2 hereof ranking Payment, who due, directly to the payee thereof. of amomws Borrower shall Promptly furnish Lender ad ttoHsat due under paragraph. sad in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lanalse raalPb evidtaang aatch Payments. Borrowse s1aN promptly discharge any lien which has priority over this Security Instrument; hosrover. Bortowrr knell sign be required to diaehtuge any such lien so lob as Borrower: (a) shall OWSa�asi tla' by � ben ld the tsi Agra to writing efend to tits payment of the astale IfM) acceptable to Leader Leader; Ibt ante a good faith coldest such lien by, a defend against en forcement of peoeaadsec whale in the aphuam of Lender operate ee prevent the form See ..tent of the lien or forfeiture of the Property or any Pfaff f}Mnef: or tee} shall secure from the hoiden of sore sera an Agreement in a form satisfactory to Lender subordinating stash lien to this Sfeae}Ntlatussiaant. If 1 sftda dKeraillem that all Of Any Part of the Property is subject to a lien which may attain a L#Rft eW � Soft war a motive IdaniP Priority over this Security Instrument, ying such lira. Borrower shall satisfy such lien or take tmr or more of the actions sea forth shave wkhhs is dep of the givldg of the ratke. C. NOT K Uniform covapud 14 of the Security Instrument is amonddxl to read as follows: M' I Bacept for any signet -Weed undet apphcablr taw ro be given in another manner, (a) any notice to fAxtnaca provided for in this Y ( SW be given is ddiLende its try mailing it by first class mail to htarrawet at the Property Adldnws or at such other addtess at Burrower teat' to by msrice to Lender as Mavis fetron, and (h) any nauoY ro I ender shall tvC Riven by tint ernes dnait rte I.entkr'v stated Baia or to such other address as Lender may designate by noitce to Ifirrtoacr as roe %e "easy Instrument dell be t dN herein. Anv manna pr asided fact In Ihls deesneti to have been given rat Iksstower oat I ender whets given in Ihr manner designated herein E