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ADJUSTABLE RATE RIDER
<br />85- ..004233
<br />0 Year Treasury index -Rate Caps)
<br />THIS ADJUSTABLE RATE RIDER is made this 3rd day of September .lq 85
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security
<br />Irutnrnsnt ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME
<br />F "VW" • LOAN AMMT" OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the
<br />property described in the Security Instrument and located at:
<br />2717 Del Monte, Grand Island, Nebraska 68801
<br />(Property Address)
<br />This mete confident provisfeam allowing for changes in my interest rare and my monthly,
<br />paymseu. This sore also Emits the aooaal my interest rate can choose at any Otte time mad
<br />Oise the ndukm OW the matdmom rare I most pay.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender
<br />further covenant and agree as follows:
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANCES
<br />The Note provides for an initial interest rate of 9 , S %. Section 4 of the Note provides for changes in the interest rate and the
<br />monthly payments, as follows: .
<br />4. INTEREST RATE ANA MONTHLY PAYMENT CHANGES
<br />(A) Doge Deus
<br />The interest rate I will pay may change on the first day of __ . October 19 BS and on that day every
<br />1Z months thereafter. Each date on which my interest rate could change is called a "Change Date."
<br />(B) The Indent
<br />Betgimming 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 longer available, the Note Holder will choose a new index which is based upon comparable information. The Note
<br />Holder will give an notice of this choice
<br />(C) COkoiaYen of Chaft"
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding one & sever-eights _ percentage
<br />points ( 1 • B75 %) to the Current Index and rounding to the nearest 1/8th of I%, subject to the limits stated in Section 4(D) below.
<br />This rounded amount will be my new interest rate until the next Change Date.
<br />The Note Holder will then determine the amount of the monthly payment that would 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 interest rate. The result of this calculation
<br />will be the new amount of my monthly payment.
<br />(D) L mils on IaeseA Rae Cpoges
<br />The interest rate I am required to pay at the first Change Date will not he greater than J 1 .54e or less :hall
<br />N -?S %, Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than t war
<br />(7_ from the rate of interest I have been paying for the preceding twelve month,. 'Clio minimum inters[ rate on this loan will ncvrr he
<br />less than_a- %and the maximum interest rate will never be greater than
<br />(F) ENard" Dose at Changes
<br />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
<br />monthly payment date after the Change Date until the amount of my monthl payment changes again.
<br />(F) Notice of Ch m"
<br />The Note Holder will trail or deliver to me a notice before each Change Date. The notice w ill advise me of:
<br />(i) the new interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monthly payment following the Change Date;
<br />(iii) any additional matters which the Note Holder is required to disclose; and
<br />(iv) the address of the association you could contact regarding any questions about the adjushnent notice.
<br />E CHARGES: LIENS
<br />Uniform Covenant 4 of the Security Instrument is amended to read as follows:
<br />4. Chaet#tm; Lbtm. Borrower shall, pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may
<br />attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, it sot paid is such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender
<br />all natives of amounts dire under this paragraph, acrd in the event Borrower shall make payment directly. Borrower shall promptly furnish to
<br />Landes roexipits evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument;
<br />however, Borrower shall nee be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the
<br />tsbiipti m secured by such lief in the manner acceptable to Lender; (b) shall in Bond faith contest such lien by, or defend against enforcement of
<br />ooh We in, lesasl proceedings which in the opinion of Lender operate to prevent the caforcement of the lien or forfeiture of the Property or any
<br />part thereof; or (c) "I secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this
<br />Sscurky httariumem.
<br />If (vender deleemines that all or any part of the Property is subject to a lien which may attain a priority over this `Muniv inorurttent,
<br />Lasder MON give Botrtwer a notice identifying such lien. Borrower shall satisfy such lien oe take one car more of the actions set forth atnsvc
<br />within ten days of the sivuK of the tunttic.
<br />Uniform Covtmam 14 Willie Security instrument is amended u, read as follows:
<br />14. ItleMes. I:a:eli» for any MKKv required kinder applicable law to he given nee anslhtr manner, (a) any noil a to Bortoael pnsvided f", in rhos
<br />Stcurtty Instrument shall he given try delivering It (r by mailing it by first class mail (o Morowct at the Pf operty Address ,a at 0u, h „alter ^derv„
<br />as NurrowH may designate by rw4vie to tender as pto"kicd hetetr). and fh) arts, n"lur to t ender 01811 tc tarn, 1" tnst 418,0 nsasl t„ I rssdc','
<br />atddreas stated herein yr tt, such .0cr address, as tender may dmignate by notice t" H t,o,so a, pfr ided hrrc ns \m n0li'T ps „0 adr.t I w 'ho
<br />timttril q' trtstrnrttenr .hall he deenrtd to have kern 11, tat do Wsrrostri of I.endef when ki,o, w , IT'romse, ,ir0,enawd hr; cin
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