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ADJUSTABLE RATE RIDER =` > 0046 69 (I Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 2 t � _ day of September ,1g R5_, and is Woorpormad into and shall be dameed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of tie same dart given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME MMIRAL A&VWW i JOAN A690CIATION OF GRAND ISLANO, NEBRASKA (the "Lender ") of the same date and covering the property I - P I in the Security Instrtmaent and located u: 3604 South Blaine #4, Grand Island,NE 68801 (Property Address) Thin mole contains pFwrki - allowing for changes Is my faunal Fast wad my manttly pa mmb. Thin some lea Murat the summers my Interest rate can change as any aft slime MA Oka tie mini=s and die mmnieus rate I ON" pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and lender further comment and agree as follows: A. INTESM SATE AND MONTHLY FAYMENT CHANGES The Non provides for an initial interest rate of 9.5 1i. Section 4 of the Note provides for changes in the interest rate and the mommy payments, as follows l !:MEREST RATE AND MONTHL Y PA YMENT CHANGES (A) Gaya Dan Tltt: i m e - - rase f wiR pay may chwye on the first day of —October I i 9 86 , and on that day every twel ve mends thereafter. Each date on which my interest rate could change is called a "Change Date." (11 Tie Was Beginning with tie first t.'haw Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Timmry mastitis adjusted to a constant maturity of I year, as etude available bra• the Federal Reserve Board. The most recent Index figure available as of ti-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 Haider wif gave sue n k e of tbis choice. tC) Ca4alslaa ems Clnntgn Belei MCAMge Date, the Note Holder will calculate my new interest rate by adding On & Cpvan / i gh t e pa�� points ( $% 5 sus) to the Currant Index and rounding to the nearest 1 /Sth of 1 %, subject to the limits stated in Section 4(D) below. Tina 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 1 am expected to owe on tact 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) Lindas an leseae grate Omegas The interest rate I am required to pay at the first Change Datr will not be greater than 11.5 % or less than 8.7`5 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than teen pe=Pnt _(21) from the rate of interest 1 have been paying for the preceding twel ve months. The minimum interest rate on this loan will never be lass than 8-75 %and the maximum interest rate will never be greater than L4_37S v'e_ sE) mcdn One of Clagw My new interest rate will Irecaat cffectivo 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. in YemYeewCrars The Note Holder will mail or deliver to me a notice before each Change Dale. The notice will advise me of: (i) the new interest rate at my loan as of the Change Date; (6) the adorn of my monhly payment following the Change Date; (ili) any additiomal mutes which the Nate Holder is required to disclose; and (iv) the address of the association you could contact regarding any questions about the adjustment notice. IL CHAWAS; L 146 Undone Cona et 4 of the Security Instrument is amended to read as follows: •. Cbmwe; Lima. Borrower shall pay all taxes, asseaaamts, and oche charges, fiw. .. and impositions attributable to the Property which may assets a priority over this Security Instrument, std lawdaold payments of ground rents, it any, in the manner provided under paragraph 2 hereof err, if mot paid in such manner, by Borrower raking paymem, when due, directly to the payee thereof. Borrower shall promptly furnish Lender an aotios of anamems due under this pa wq*, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lath racmipts evidencing such payments. Borrower shag prompily discharge any lien which has priority over this Security Instrument; Raman, ffortowo shall not be required o discharge any such lien so loft as Borrower: (a) shall Wee in wtititt to the payment of the a(ti( Od" -eared by welt lieu in the tanner acceptable to Leader; (b) shall in good faith ocimest such lien by, or defend against enforcement of am* inn in, legal prooaditatnt which in the opietion of Lender operate to prevent the enforcement of the lien of fonynture of the Property of any pis the elf: or (e) shall secure from the holder of such lino an agreement in a form satisfactory to I.etskr subordiatirhg such lien to this Sunni* Iastrrrns. If Wafer deserrwne that an or any pan of the Property is subntt to a lien which may attain a priority over this Smurtty Instrument. Lander"give Btsrrowe a notice Wentifyist such lien, (krrovra shall satisfy such lien or take one of more of the actions set forth above within we days of the giving of the notice. C. 140MIR (. anwCovM M 14 of the Security lmstrtsmenf sa amended to rrad as follows: IC %ells. P.nteapt for any wAwe to weed under applicable law to be given in another manmt, ,orb any notice io iiottourt p iovrdeJ lot in tea, Security lastruwaM OW be gvea by defivenirtg if ca by mwhng it by first .lass mail to Elrnrowrr at the Property %ddtess or at ,ui h othrf addfrss as Met"Cow may designate by ntMkt to Lender as provided herein, and lb) any notice to Lender shall he a:ven hs Gist dams matt ro 1 end"', m lneis Noted twit" or to susfi other address as 1.eftdit may d"WMIe by notice to IS..rrtnwet as pro "ded tnetr:n 1'wardty lasuusmenl sh" he dsetwed to have been gavrn m Horrower or Lender when anrn :n the amnnet Ie,tanatrd hrfeu, M1