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ADJUSTABLE RATE RIDER 85- 005685 (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 14th day of Noygnhar _19 85 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Inatrtummet ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note") to HOME RMPAL SAWWS A LOAN ASSOCIATION OF BRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the Property described in the Security instrument and located at: 3203 Kennedy Way, Grand Island, NE 68803 (Property Address) This [tole cuntalta Movkiona Mewing for charges In my interest ate and my miss thly Mymeau. This; rote An limits the amount my interest rate can charge at any tine time and alve the tt kdi new the maximum ate i must pay. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender farther covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.5 ,°/s. Section 4 of the Note provides for changes in the interest rate and the monthly payments. as follows: 4. INTEREST RATF AND MONTHLY PAYMENT CHANGES (A) Change Dula Z Pit mterest rate 1 will pay may change on the first day of December 19 86 and on that day every 1 months months thereafter. Each date on which my interest race could change is called a "Change Date." (B) The Index 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 we notiox of this choice. (C) Cakwalirr of chmiga Before each Change Date, the Note Holder will calculate my new interest rate by adding one & seven /eights percentage poi nu( 1 _875 %) to the Current Index and rounding to the nearest l /8th of 1074, 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 None Holder will then determine the amount of the monthly payment that would he sufficient to repay in full the principal 1 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) Lianib as Interest Rate Charges The interest rate 1 am required to pay at the first Change Date will not he greater than 11.5 _r ro or less than Ws. Thereafter, my interest rate will never be increased or de—raised on any single Change Date by more than two pPrc e t (i a from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never he less than __1L7_5__% and the maximum interest rate will never he greater than _14,_.3Z5_____°7e. (E) Effe ertive Date of CMaages My new interest rate will become effective on each Change Date. 1 will pay the amount of my new monthly payment beginning on the first m mthly payment date after the Change Date until the amount of my monthly payment changes again. (F) No" of Chrya The Note Holder will retail or deliver to me a notice before each Charge Date. The notice will advise me of: 0) the stew interest rate on my loan as of the Change Date; (u) 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 contac: regarding any questions about the adjustment notice. IL CKARGES. DENS Uniform Covenant 4 of the Security instrument is amended to read as follows: 4. CbrM LMna, Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may mtain a priority over this Security Instrument. and leasehold payments of ground rents, it any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when doe, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts due under this paragraph, and to the event Borrower shall make payment directly, Borrower shall promptly furnish to Leader receipts evidencing such payments. Borrower shall promptly discharge any Gen which has priority over this Security Instrument, however, Borrower shall not be required to discharge any such hen so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to Lender, (bl shall to good faith contest such lien by, or defend against enforcement of such lint in. legal proceedings which in the opinion of Leader operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security Ine truntent. If Lender determines that all or any part of the Property t+ subject to a hen which msy attain a priority over this Security Instrument, Lirewlet shelf give Borrower it notice identifying such lien. liarnawer shall satisfy such Gen or take one nr more of the actions set torth above within ten days of the giving of the notice. L C. NOTIC.'L Uniform Covens »I. 14 of the Secuttty lastrument is amended ell toad as follows 14. NtsMee. Except for any miler required under applicable law to he given in tnirrthrt manner, (a) any non.r a, IUarower pn»aded for act thh Sftvfi(Y fnstru»xate shall are given by delivering it in by mailing it b. tits, Mass mail to Borrower at the Prol+ernv .4ddic., w at such ether addreas its Nexrower "My *milnatr by nuMite re Luster as inovided herrin. and rho tin, nonce try I vildrr ,hall her an en by fitvt glass mail io 1 cndrr address stated herein it art such other addrin. at, I endrr tea,, drvigriade by nonce :o &xn,..cr d, provulcd hernia 1111 nnixc provided I ur ihn Sfttrity instrument ahall he deemed it, have torn given Iu tkxruwrr .v I rndcr wtwii ¢r,e❑ .r, the manes•; .ieua naiad lirreu,