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85-- 004548 ADJUSTABLE RATE RIDER (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 12th day of September 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 Instrument ") of the sane date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME leg"AM SAVINGS a LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 1722 Idlewood Lane Grand Island, Nebraska 66601 (Property Address) This mote combine proTWoue slowing for changes In my interest rate sad my monthly payments. This mote also Halls the amoral my Interest rate cam change at guy one dm end she the n"oetam sad the maximum rate 1 coral 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 10.5 ere. Section 4 of the Note provides for changes in the interest rate and the momhly payments, as follows: . 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Chop Dana The interest rate 1 will pay may change on the first day of . October 19 96_ , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The ledex 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 me notice of this choice. (C) of Cbefto three percentage Before each Change Date, the Note Holder will calculate my new interest rate by adding points (_ 3.0 �►) to the Current Index and rounding to the nearest 1/8th of 1 no, subject to the limits stated in Section 41 D) below. This rounded amount will be my new interest rare 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) LhmMe on Imsswt Rata Changes The interest rate I am required to pay at the first Change Date will not be greater than 12.5 re or less than 9.5 %. Thereafter, my interest rate will never he increased or decreased on any single Change Date by more than 11,1n 7 from the rate of interest 1 have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than 9.5 % and the maximum interest rate will never be arcater than (E) Effoefive Date of Cl oogm 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) Nodes of CMogm The Note Holder will mail or deliver to me a notice before each Change Date. I he 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. B. CHARGES'. LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. CMepa; Lk a. Borrower shall pay all tuxes, assessments, and other charges, fines. and impositions attributable to the Property which may attain a priority over this Security Instrument, and leasehold paynnents 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 notices of amounts due under ibis paragraph, and In the event Borrower shall make payment directly, Borrower shall promptly furnish to Lewder tempts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Borrower shall not be required to discharge any such lien so long as Borrower: (s) shall agree in writing to the payment of the obligation sacred by such lien in the mamxr acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such last in, kgal proceedings which in the opinion of lender operate to prevent the enforcement of the lien or forfeiture of the Property or any put thereof; or (c) shall secure from the holder of such lien an agreement In a form satisfactory to Lender subordinating such lien a) this Security Iasi nttnens. If Lender ciderminas that all or any part or the Property is subject to a lien which may attain a priority over this Security Instrument. Lender shall Siva Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or mote of the actions set forth above whhin ten days of the giving of the notice. L C. NtnKlK Uniform Covenant 14 of the Security Instrument is amended to iced as follows: 14. Nedee. Except for any notice required under applicable law to be given in another manner, (a) aay notice to liort,1wer ptovoded for in this Security Insnumem shill be given by delivering if or by mailing it by first class mail to Borrower at the Property Address or at such ai het address as Burrower may dmignate by notice u) Lender as provided herein, and ill) any nonce n. Lender shall be riven ty first clays mail 1" 1 endci + address stated herein or to ouch other address as I ender may designate by notice at Burrower as pros tded herem. Ans ",lice ptasided I'll m I hn tievunly Imir urnew shall he deemed w have been given to Hoitow: ur I ender when gtsen m the manner de+ianated het rill �r Ki