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ADJUSTABLE RATE RIDER 85--- 004529 (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 17th dayof — September )9 85 r tell is into Waled into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Decd (the "Security it Itwcummt ") of the same, date give by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME SAL SAYMIGS Jt LOAN ASSOCIATION OF GRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 4210 Nevada Avenue, Grand Island, NE 68803 (Property Address) 1U 0010 ce0uhee Pf*vkim 00&wleg for cYapes in my interest rase Seel my mentkiy PSYM"U- TYM mole SlaO NWU Ha Samuel may Interest rate cam change at say one line sell also mice mk imma SH the a adim ma rest 1 meat 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. INTERM RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.5 _9s. Section 4 of the Note provides for changes in the interest rate and the coat* payments, as follows: 4. INTEREST RATE AND MONTHL Y PA YWENT CHANGES (A) Clump Data The interest rate I will pay may change on the first day of October 1 __19 19 86 , and on that day every twill V p months thereafter. Each date on which my interest rate could change is called a "Change Date." (a) 71e Was 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 I year, as made available by the Federal Reserve Board. The most recent Index figure available as of the dase43 days before each Change Date is called the "Current Index." If the ladat is no 1014W available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder "give me notice of this choice. lC) CYadnYes of clam m Befolrea� Chow Date, the Note Holder will calculate my new interest rate by addingone & seven/eights percentage! points( %) to the Current Index and rounding to the nearest 1 /8th of I %, subject to the limits stated in Section 4(D) below. This founded amount will be my new interest rate until the next Change Date. The Note Holder will the 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) Iimir N IOhrua4 arse Amyem 8.75 as. imesat rate I am required to pay at the first Change Date will not be greater than 11.5 _m, or less than sls. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two percent J2%) from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be Iraq them 8.75 % and the maximum interest rate will never be greater than 14.375 _r . (6) E hen" Dupe of chant a - My new intact rate will becoine effective on each Change Date. 1 will pay the amount of my new monthly payment beginning on the first monthiy, payment date after the Chntge Date until the amount of my monthly payment changes again. (F) 14 990aga The Note Holder will mail or de fiver to me a notice before each Change Date. The notice will advise me of: (1) the crew interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Date: (aj) any adtk kWAd matte 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. B. CNAjiWAM.I MlVk Uniform Covmam 4 of the Security Instrument is amended to read as follows: 4• L70916- UML Borrower shale ply all taxes. assessments, mind other charges, fines, and impositions attributable to the Property which may eft0ia a ptiotity ova this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof or, if trot paid in such mmmer, by Borrower making paynxnt, when due, directly to the payee thereof. Borrower shall promptly furnish Leader MR 0066 of tenoante due under this paragraph, and in the event Borrower shad! make payment directly, Borrower shall promptly furnish to Leech receipts evidertci" sucl, payments. Borrower shall promptly discharge any lie which has priority ova this Security Instrument; herwara, aorrowef SW not be required to discharge any such lie so long as Borrower: (a) shall agree in writing to the payment of the oYipuillm secured by such ken in the mariner acceptable to Lender; (b) shall in good faith contest such lie by, or defend against enforcement of luck Bra in, MOM proceedings which in the opinion of Lender operate to prevent the enforcemem of the lien or forfeiture of the Property or any pat thereof; or (c1 shy waft from the holler of such lien an agreement in a farm satisfactory to Lender subordinating such lien to this SKWNY hubwoeat. H Linder deNrmina thu all or any put of the Property is subject to a lien which may attain a priority over this Security Instrument, I4eder Ad Hire Sorrtrtnu a notice identlfyiay Such lint. Borrower shall satisfy such lien or take one or more of the achons set forth above wplpp we days of the givby of the mitt. L C. Noll" Uniform Covenant 14 of the Security Instrument is amended to read as ftdlows: N, NNIm. Lug" f0f any notict required under applkahk law to he given in another manner, (a) any notcee mss Iorrower provided for in thu 5tewity IeaAMWAnt shah bt given by delivering if of by mailing it by first class mail to Borrower at the Profxrty Addressor at such ocher addrecs ten Burrower nay designate by notice 10 Lender as trrosrded herein, sad IN any notice to I ender shalt he grycn by first :lam mail to I endo's additss staled harem rn to tech other address as I en..er may designate by notrct to Ikxrowet as nra's,ded herein ,1m ronrr pr,sstded 1,-r ;n t his Sfy'uftty lnstru"rif shalt he slrcmed tro hose been arven to Hortower o, Lcndet when given it the roan »err Jcsrgnat,I he nn Al m