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-- 003913
<br />ADJUSTABLE RATE RIDER
<br />(1 Year Treasury Index -Rate Caps)
<br />THIS ADJUSTABLE RATE RIDER is made this 14th day of August , - - -- -- Ig 85 '
<br />NOW is itttxxporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security
<br />Institutional-) of the same data given by the undersigned (the "Borrower ", rn secure Borrower's Adjustable Rate Note (the "Note ") to HOME
<br />mensau 6""" & LOAN A8S0C1AT10N OIL DRANO ISLAND, NEBRASKA (the "Lender ") of the same date and covering the
<br />property described in the Security Instrument and located at:
<br />31112 Brentwood Square, Grand Island, NE 68803
<br />(Property Address)
<br />Thy safe CON" s provlalans agowiatg fax elmogaai is my Interest ratr and my moatMly,
<br />payments. TW note also Media the smosot my Interest me ess chsage at say one time awl
<br />slss The a dshl std the mallamm isle I mast pay.
<br />ADDITIONAL COVENANTS. in addition to the covenants and agreements made in the Securit°• Instrument, Borrower and Lender
<br />further covenant Will agree as follows:
<br />A. lr4-rFJREST RATE AND MONTHLY PAYMENT HANGES
<br />The Note provides for an initial interest rate of ____ 9 • its. Section 4 of the Note provides for changes in the interest rate and the
<br />nromhly paYtnents, AS follows:
<br />4. 11v7EREST RA T£ AND MONTHL Y PA YS4ENT CHANGES
<br />The interest rate! will pay may change on the first day of 19 -��i , and on that day every
<br />— .12L —__— months thereafter. Each date on which my interest rate could change is called a "Change Date."
<br />(1) That Was
<br />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
<br />Treasury securities adjusted to a constant maturity of I year, as made available by the Federal Reserve Board. The most recent Index figure
<br />available as of the date 45 days before each Change Date is called the "Current index."
<br />If the Index is no Ionger available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />Holder will give rise notice of this choice.
<br />(C) cskalallss of chsayss
<br />Before each Change Date. the Note Holder will calculate my new interest rate by adding One _& SeVe-PJ—e l�hths`- percentage
<br />points l �.$�5 ate) to the Current Index and rounding to the nearest 1,,81h of Ire. subject to the limits stated in Section 4(D) below.
<br />This rounded amount sill be my new interest rate until the next Change Data
<br />The Note Holder will then determine the amount of the monthly payment that could be sufficient to repay in full the principal I am
<br />expected to owe on that Change Date in substantially equal payments by the maturity date at my new mterest rate. The, esuh of this calculation
<br />will be the new amount of my monthly payment.
<br />(D) Until% sw IMerM Rate C7tssges
<br />The interest rate I am required to pay at the first Change Date will not he greater than . I L c_�.- I ____ °'e or Ins than
<br />6. Thereafter, my interest rate will never be increased or decreased on any Ingle C hange [late by more than. No lie r!;U t
<br />8 om the rate of interest 1 have been paying for the preceding twelve mont14 r375 inunum interest : atc on this loan will never he
<br />less than __,_. • R and the maximum interest rate will re%ver he greater than _ __ -_
<br />(F) k/farelvir Daft of chasgss
<br />My new interest rate will become effective on each Change Date. 1 will pay the amount of my new inowlik payinent t egmnmg tee the first
<br />monthly payment date after the Change Date until the amount of my monthly payment changes again.
<br />(E) Nolkir of Cyya
<br />The Note Hodder will mail or deliver to nor a notice before cacn C hankc Dare d -lie nut ice will advise me of:
<br />(i) the new interest rare on my loan as of the Change Date.
<br />in) the asiount of my monthly payment foilowing the Change Dare:
<br />(ire) any additiotsal matters which the Note Holder is required to disclose; and
<br />(iV) the address of the assoclauott you could contao regarding any gt:suors about the i djustrnein notice.
<br />R. CHAVICAM IdFN6
<br />Utaform C'ovnam(4 of the Security Instrument is amended u) read as follows.
<br />4. Cheeps; LAM. Borrower shall pay 911 taxes, as essments, and other charges, fines, and impositions attributable to the Property which may
<br />mtfNR s priohty over this Security Instrument, and leasrhohd payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not psW in such reamer, by Bortusva making payment, when due, directly to the payee thereof Borrower shall promptly fur rush Lender
<br />aR notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to
<br />Iendar receipts evidencing such payments. Borrower shall ) :omptly discharge any lien which has priority over this Security Instrument;
<br />however, Borrower slag not be required to diwharge any sixh lien so tong as Borrower: (a) shall agree in writing to the payment of the
<br />obyg#tion seared by such lien in the manner acceptable to Lender, (b) shall in good faith contest such hen by, or defend against enforcement of
<br />sack Will in. legal proceedings which in the opinion of tender operate to prevent the enforcement of the I:cn or forfeiture of the Property or any
<br />pmt dwronff. or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien u, this
<br />SKUMY Instrmai m.
<br />It Lender determines that all or any pan of the Property is subject to it lien which may attain a priority over this Security Instrument.
<br />tender 4" live ffarruwsr A notice identifying such her Wvlower %hall satisfy %umh lien or take one or more of the action, set forth above
<br />within ten drlyv of the giving of the notice.
<br />C. !rfnWt
<br />t tmikrnm Cosegtant 14 of the %ex unity Instrument is amended to read as I oltow.
<br />N. tio". LiKept for any rsolict required under applitabir law It, i,e g:•.en in another nlannet, sal any ruti,r to b(drrtower pros 'Jed form ill's
<br />Security laarument shall he given by delivering it dal by maihns't by firsl Mass mail ro pwrfower at the Pro pert, ,Sddir.', or at sat h "thf, addles,
<br />as pIr"fower ratty dsNaaate by nolKe to I xr,dm as pro %closed herein, And tnl am '-I!., to I endr, +halt he p,en h% ftr,i : -ins, ma,l o, t cnari'
<br />saildf,e s staaed herein m to %vcb uthrr addrev %A, t ende, may def:gnate toy —face u, W,mawrr sea ^tnv:ded ht,vtn \n, iota c g,t,,,:drd I,+i ," :his
<br />S hwfltt Insrrunacnt .Mali sir dermH iv hive hre,a rpvm ,, Isarrnw<, ,, I rude, v, br,: ITT, C,; m arm, ,+,some, dcsip,aicd hc, m:
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