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85-- 00444' ADJUSTABLE RATE RIDER (I Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is me& this 12th day of September .19 85 sad is incorporated too and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Irrtrwfwfft') of the same d eleSivem by the snderdp ed (the "Borrower ") to secure Borrower's Adjustable Rue Note (the "Note ") to HOME FlDdML &AVI11OB A LOMI`A9900ATION OF OIIAND BLAND, NWIASKA (the "Lender ") of the same date and covering the property, duaibsd in the security Itrtrument and located u: 1 West John, Grand Island, NE 68801 (Property Address) This mesh tentain pnvleaRS 0 1Rg far chayes Is my imMnot raft and toy sneofbly poymeems. We Raft Was Now the Room( my inftre st rest can eisair at arty amt sloe sail Wise tie mfdmnes ad tie mnisnm reft 1 saves gay. ADDrnONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and lender fortis covenant and agree as follows: A. HP[B1lfJaT RATE AND 11101VTHLY PAYMENT CHANGES The Note provides for an (millet interest rue of 9 - 5 9s. Section 4 of the Note provides for changes in the interest rate and the memYy ptym i mu, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES The fount rate 1 will pay may change on the first day of October 1. 19 86 and on that day every twe 1 ve 12) moaft thereafter. Each date on which my interest rate could change is called a "Change Date." W TWIN[ Begun ing with the first Charge Dace, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Trwssry securities adjusted to a constant maturity of I year, u made available by the Federal Reserve Board. The most recant Index figure available as of tha date 43 days before each Change Date is called the "Current Index." If dw lodu is no IoRge available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder WE Sim M Notice of this cboke. (C) Cdnkd RofCianda one & seven- eighths lletoee tab Change Daft, the Note Holder will calculate my new interest rate by adding percentage poise r ' 1.875 %) to fie Cufrem Index arid rounding to the nearest 1 /Sth of 1%. subject to the limits stated in Section 4(D) below. This rots Rdsd aeROtw win be my New (meat rue unit the own Chute Due. The Noss Holder will then determine the amount of the monthly payment that would be sufficient to repay in fun the principal I am atpected to owe on that Chaage Date in subumtially equal payments by the maturity date at my new interest rate. The result of this calculation will be the aew amotmt of my monthly payment. (D) IJalis M lisfeest Byte Cimges The aftrret ran I am required to pay at the first Change Date will not be greater than 11.50 4's or less than %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percent from the rate of inerea 1 have been paying for the preceding twelve months. The minimum interest rate on this loan will never be ices than 8.75 % and the maximum interest rate will never be greater than 14.375 %. W El fbelHe Data of Chages My new interest rate wig became effective on each Charge Date. 1 will pay the amount of my new monthly payment beginning on the first rAeft psymeat date after the Change Date unfit the amount of my monthly payment changes again. (F) Nelatermwilm The Neu Holder will man or deliver to me a notice before each Change Due. The notice will advise me of: (i) the now Wiatest rate to my lout as of the Change Date; (it) the amowt of my moat* payment following the Charge Date; (ilf) toy anddidoeaf maturs which the Note Holder Is required to disclose; and (iv) the address *(the association you could contact regarding any questions about the adjustment notice. IL CIIANGSk LUM UNform Covenant 4 of da Security Instrument is amended to read as follows: 4, Chngesl Uses. Borrower shall pay all tastes, assessments, and other charges. fines, and impositions attributable to the Property which may snob a ptforky over We Sw sky Itsstrwmest, std laushold payments of ground rams, if any. in the mama provided under paragraph 2 hereof w, if aot paid a srch comber, by Borrower making payment. when due. directly to the payee thereof. Borrower shall promptly furnish Lender 01 notion of ssRatmu der under this par grspi, and in the event Borrower shall make payment directly, Borrower share promptly furnish to Lender teoipls wfdsnimfg sudm payments. (borrower shall promptly discharge any lien which has priority over this Security imtrumtmr Isewsm Butornr shall not be regsk to discMw my such No so long at harrower: (a) shot agree in writing to the payment of the eblipdo a escwd by each No in sha meaner aoowpnbis to Leader; (b) shall in good faith contest such ream by, or defend against enforcement of wait Bab a, led process aga which in the opinion of Leader operate to prevent the enforcement of the lien or forfeiture of the Property or any part 1Mnmf. at (e) shag see , from the holder of such Nan an agreement in a form satisfactory to lender subordinating such lien to this If Leder determines that all or my part of the Property is subject to a lien which may attain a priority over this Security Instrument, L Ww dM I+ve Borrows s notice identifying such Mm. Borrower shall satisfy such lien or take one or more of the actions set forth above w.... Ins dMyw of aw OVW4 of the notice. G NOTICIL UWWar Covenant 14 of tha Security instrument is amended to read w follows: 14. Nofies, Eaapt for any notice required under applicable low to be given in another manner, (a) any notice to Borrower provided for in this Seeswky Inlrtmem shall be given by delivering it or by "UPS it by first class mail to Borrower at the Property Address or at such other address o Borrower may designate by notice to Lender at provided herein, and (b) any notice to Lemla shall he given by first dace mail to Lendr,'•. address stated herein or to such other address u Lenda may designate by notice to Borrower as provided herein. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. V .__1