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ADJUSTABLE RATE RIDER 004822 (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 1St dayof October 19 85 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 tame date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FIMA $AVO S a LOAN ASSOCIATION OF DRANO ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 2123 W. Koenig, Grand Island NE 68803 _ (Property Address) Thk ask coolant provhiom Wkwift for changes is ley interest rate mind ray mealy payments. Thk note site Units the amount my interest rate can change at any one time and doe the mhbmmm lend the maximum nu I must 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 9.5 %. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Data The interest rate 1 will pay may change on the first day of _— 0 tD Rr__ --.19-26 , and on that day every 12 months thereafter. Each date on which my interes! rate could change is called a "Change Date." (B) The lodes 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 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) CaI, I 111 m of Chn{ea Before each Change Date, the Note Holder will calculate my new interest rate by adding one R. 5 V niti 9hts __ percentage points ( 1 _ R75 _4s) to the Current. Index and rounding to the nearest 1/8th of 14a, subject to the limits stated in Section 4(D) below. This 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 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) Lim it s on interval Rate Clanger The interest rate 1 am required to pay at the first Change Date will not be greater than 11 6 _ 0a or less than 8-75 !i. Thereafter, my interest rate will never be increased or decrea..d tan any single Change Date by more than turn Pn rrPnt n from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than--a- 75 _% and the maximum interest rate will never he greater than (E) FAftVve Dale of Chamgea My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment beginning on the f first monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Nodoe of Choutim The Note Holder will mail or deliver to me a notice before each Change Date. The notice will advise me of: li) the new interest rate on my loan as of the Change Date; (ii) the amount of my monthly payment following the Change Date; (iiil any additional matters which the Note Holder is required to disclose; and (iv) i he address of.he association you could contact regarding any quest ion% about i he adjustment notice. S, CHARGE&: LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chmp%liana. dotrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a priority over this Security instrument, and leasehold payments of ground rents, i f 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 tender this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Leader receipts evidancins such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however, Sorrower shall not be required to discharge any such lien so long as Borrower: Is) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to fender; bbl shall in good faith contest such Imn by, or defend against enforcement of such Ilea in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any pat thereof; or (c) shall secure from the holder of such lien an agreement in a form satis(actory to Lender subordinating such lien to tins Sect rNy Invorvrtnent. If Lender determines that all or any part of the Property is sub)ecl to a lien which may attain a priority over this Securitv Instrument, Leander *bell give Borrower a notice identifying such lien. Borrower shall satisfy such lien tat take one or more of the actions set tofth above within tom day* of the giving of the notice. L C. F Uniform Covenant 14 of the Security Instrument is amended to read as follows: 14. !dole -. Percept for any murce required under applicable law Ill he given to another manner, tar) ate% noacr to Bortowrr provided lilt tat this security Instrumeni shall be given by delivering it or try mad!ng it by first dest mad hr Borrower at the 1'rtgvri s Adds ess or al su: h o0w, addles, as Brrrrowar may dMi late by 111444e to Under as pros;ded herein, avid ibt anv nonce n., 1 ender shall he gnelt till. it!,: .la„ marl o- ct,&, , adore *s vgrc4 hese•rn nr to such other address as Lender nrav designate h, noUcc in Illn-wct a, prnsnlyd herr+n irro nnti,c pno -.+Jed ++ ,n Ro, 'arsunry ltwirunu-nt shall to droned to have• hcen grvfrt to Bnfrowet in I cndrr, when +a +t +r !errs+ 01