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I 003917 ADJUSTABLE RATE RIDER (I Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 15th— day of Au;;j5 .19 r and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security t (ntrummmt ") of the same due given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (ire "Note ") to HOME FEDOIAL SAY1NGa i LOAN "$OC1ATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 204 North Piper #4. Grand Island. NF 68801 (Property Address) Tiffs Rose eoahfaa provisions slowing for changes IN my Interval rate mad my awe" psymmmits. This Rote ale "is tie atwant my Interest rate can cheap at may one florae mad do the esimtesaes rrM tie m wdaow toll 1 most pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further coveuaw and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11.0 'h. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYWENT CHANGES (A) CbMW DON The interest rate I will pay may change on the first day of S PpteMhpr .19 86 , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (a) 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 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 rite notice of this choice. (C) Cakala imas of Cifew Before / each Change Date, the Note Holder will calculate my new interest rate by adding three percentage points ( 13.0) %) to the Current Index and rounding to the nearest I '8th of I °e, 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 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) Lftnism se Interest Rae Changes The interest rate I am required to pay at the first Change Date will not he greater than __ 13.0 4e or less than 9. to %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percent 2 from the rate of interest I have been paying for the preceding twelve months. T'he minimum interest rate on this loan will never be less than 9i and the maximum interest rate will never N greater than r q 9 5 l� �__._ .. (E) ENarve Doe of ciutges 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. (F) Notke of Changes ThelVOte Holder will trail or deliver to tax a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as of the Change Rate; (ii) the amount of my monthly payment following the Change Date; (iii) 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 th- idjuttmeni notice. IL CHARGES; LIENS Uniform Covenant 4 of the Security Instrument is amended to read v follows: 4, Civgsmt Lieft. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may stain a priority ova this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof ox, if not paid is such manner, by Borrower making payment, when due, directly to the payee thereof. &)rTower shalt promptly furnish Leader alt noucos c. Amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evideticing such payments. Borrows shall promptly discharge any lien which has priority over this Security Instrument; hrnwrva, Borrows shall net 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 such lien by, or defend against enforcement of inch Tat la, 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 holds of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security h marts meat. If Lender determines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument. Latch %W give Borrowte a notice identifying sw:h lien. Btrrowet shall satisfy such hen or take one or more of the actions set forth above wm to days of :he giving of the notice. L C. NOTICE Uniform Covenant 14 of the Security Instrument is amended w read as follow%. 14. Nolan. FAcept for any notice Taquired under appiKabk taw to toe gran to another mantxt, (al any nonce to lorrower pros!dcd h +t m eat+ Security Irsetrumirrtt shalt M: given by delivering it or by mailing it by tint class marl to &xrowrt at the Property Addrss% of at w; h oilier address m Bottxrwtr may doi/trate by notice to t. ender at prosided hernn, and IN ant notice to I cadet %hall he green tv Yini .lass matt to I rnder'. address staled herein cH to such other address as Leader may deilgnate fly notice to fioxruwcr a% Irros rdtd herein Ares nov,e pros id,%l ern w thi. Securely Inatturnem %hall he orated to have heen green in IN tr wcr or f en&t when gn erg w the manures . lcsianased'ecrc:n W