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In ADJUSTABLE RATE RIDER '5-003658 (I Yew Treasury Index -Rate Caps) THISADJUSTABLE RATERRD.Risoaadethis 1st dayof August Iy 85 and is moorporatad deco rend s be deame l to amend and supplemeat the fN „) of the same a lR� by the Mortgage, Deed of Trust, or Security Deed (the Security 1iA19NAi i LOAN (the to pure Borrower's Adjtutable Raw Nate (the "Note ") to "ONE OF GRAND =AND NEW11ASKA (the "l ender'r) of the saute date and covering the Property desailbad in the Saaarty Insirement and located at: 2D08 W. Divisior. Grand Island, Nt 68801 (Property Address) Thai "le oaf prom 1111al g for cbmigm in my lase m time nand my asnaddy payaaaas . 7U *a* SW asides The amnt ou my ( rose are cb"P at any one doe said alas de atiOinm and ogre assidemeas ease I twat pay. ADDMONAL COVENANTS. In addition to the covenants and agreements made in the Security Ittsttvtneat, Borrower and Lender farther tx and arm as hollows: A. JINTUNW RATE AND MONTHLY PAYMENT CHANGES lie Now provides for an initial interest rate of 9.50 •y. Section 4 of the Now provides for monthly payments, as follows: changes in the interest eau and the 4. INTEREST RATE• AND AfONTFIL y pA yMENT CHANGES (A) Chimp Dan The imerest rate I will PRY may change on the first day of A U ❑u st 1986 12 Months thereafter. Each date on which my interest rate could c and on that day every (Il) Ilk List hinge is called a "Change Date." Beginning with the feat Ciao Date, my interest rate will be based on an Index. The "Indent" is the weekly average yield on United States Ty"sear' securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure avm7nbk at of the date 45 days before each Change Date is called the "Current Index... If the Index ds m longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder wD am me notice of this choice. (a Cedes l M of Chagm W re aiCh Cheap Dote, the Note Holder will calculate my new interest rate by adding one and sever - eighths percentage puts ( 1.875 %) to the Current Index and rounding to the nearest I /8th of I %, 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 Nth Holder will then detetatine 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 nwnttdy Payment. RN Lftaaiu on lim,40 ace Chagm The interest rate I am required to pay at the first Change Date will not be greater than 11.50 r ' Thereafter, my interest rate will never be increased or decreased on an single roe or less than 2 from the rare of interest I have beet! Y ngle Change Date by more than tduo thane 8.75 paying for the preceding twelve months. The minimum interest rate on this loan will never be and the maximum interest rate will never be greater than 14.3 75 ele. (E) £/ricwe Date of CYmigm My new ineerert 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 Charge Date until the amount of my monthly payment c (F) Noo of CW"m hinges again. se The Now Holder will mail or deliver to the a notice before each Change Date. The notice will advise me of: (3) the new interest raw on my loan as o: the Change Date; (ii) the amomm of my monthly payment following the Change Date; (iii) any additional mitten which the Note Holder is required to disclose; and (n') the add of the association you could contact regarding any questions about the adjustment notice. R CRAMGM. U ENS Utdform Covaram 4 of the Security Instrument is amended to read as follows: d. ChmWW IJN- Borrower shall pay all taxes, s, and other charM fines. and imgwsitions attributable to the Pr a priority over t� Secwity t, and WasehOld payments of arena which may err, R mat paid is such manner, ground rents, if any, in the f. Bon manna Provided order Paragraph 2 hereof by Borrower making payment, when due. directly to the payee thereof. Borrower shah! prottytly furnish I.encle MV m0dma of amowts due tender this Paragraph, and in the event Borrower shall make payment directly, Borrower shelf promptly rush Lot a LmdOer such payments. Borrower shall Promptly discharge any lien which has priority over this Security dnstruamtt; hawaover, Borrower drat be raquirvd to discharge any such lien w smanmad by in the mmauer as Borrower: (a) shall agree in writing to the payment of the acceptable Lender (b) shall in good faith contest such lien by. or defend against enforcement of such flea d, k5al Proceedings which is the mien of Lesider operate to prevent the enforcement of the ien or forfeiture of the Pr 8w ; or (c) secure from the holder of such lien an oven or any ? agreement in a form satisfactory to Lender suhoordittatitno such lien to this If Lender diftermiam that all or any part of the Leader sW Property is subject to a hen which may attain a Priority Duct this Security Instrument, ql Borrower a ra identifying stnstn lice, lorrower shall satisfy such lien or take one err more of the actions set forth above withes � days of the giving of the notice. C. NOTKIL "vermin 14 01 the Security Instrument is amended to read as f ullows. 14. Nis 11ae. for arty tKKiee required urtdct law to he given in another manna. (a) any tweice to Borrower nrov tied lot to this Security Instrument SW be given c delivering oe it s by mail" it by first loss mail to Rorn)wcr at the l'roporty Address or at such ofhct address address m Y by attii:er Ea L,ende! as provided herein. and (b) any taotia� to lender shall he given ho first i(ass rrlall "o 1 rndrr , Mated fraela err to such otter addrsas as Lender may designate by notice to Borrower a., (rrovldeil herero. Any notice , so, ie :Inn .n rtus %veur'ly In&.r shall be daetr +eel ter have haede given to Borrower or t.evudel when glom In the manncl des,MnaleC herriri R