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b!)-- 003942 ADJUSTABLE RATE RIDER (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 16th dayof August 19 85 r and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security 1 Imumntmt ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note") to HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 1804 W. Louise, Grand Island, NE 68801 _ (Property Address) This nest contains provisions allowing for changes In my Interest rate and my meaft pay . This note aloe Baits the amount my Interest rate can ebsrge at any one time and aYu Ow midmttm and dw maidomm role I mast 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 RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.5 %. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Cbtgc Desks The interest rate I will pay may change on the first day of September 1 1986 and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (1111 lie 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 Holier will give me notice of this choice. (C) Caleow" of Changes Before each Change Date, the Note holder will calculate my new interest rate by adding one & seyenJpi gh s percentage points ( 1.875 %) to the Current Index and rounding to the nearest 1 /8th of 1474, 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) Unite me Interest Rafe Cimalles The interest rate I am required to pay at the first Change Date will not be greater than 11.5 Ole or less than 8.75 474. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than IWO percefl t from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never he less than 8.75 % and the maximum interest rate will never be greater than 14,375 °b. (E) Effective Dose of CAaages 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) Notice of Changes The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan as of the Change Date; (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 the adjustment notice. S. CHAKM; LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Cbryss; Liss, Borrower shall pay all taxes, assessments, and other chat ges, fines, and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all mien of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrumem; however, Borrower shall not be required to discharge any such lien so long as Borrower: fa) shall ague in writing to the payment of the ofsligation tafewod by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such )im in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the licit or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in it form satisfactory to Lender subordinating such lien to this Security Instrument. If Leader deletmines that all or any part of the Property is subject to a hen which may attain a priority over this Security Instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth atx »e within ten days of the giving of the notice. LC. NOTICE uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. Notice. Except for any notice requited under applicable law to he given tit another manner, (a) any notice to Honowa pro, aced tot tit ttit, 5eew0y Instrument shall be given by delivering it or by mailing it by first class mad to Borrower at the Property Addressor m ,m h .,t her addic„ as Borrower may designate by notice to (.ender as provided herein, and (hi any nonce to I ender shall Ise F,sen hs trot etas mail to I vmfc� address stated herein or ter such other address as Lendet may designate by notice to borrower a, pntsrded herern Art, nonce pntc+ded tot in its, %rsrity Instrument shall he deemed io have been given tit Hotrower or I cadet when pion ni the manner ae,ipnantit hen•n, K