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ADJUSTABLE RATE RIDER 85--. 005870 (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 27th dayof November 19 $5 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 same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME ORAL SAVINGS i LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: RR :f1, Rntr 197,, grand Tcland, NF 6RR03 _ (Property Address) This note contains provisions aBawing for changes in my Interest role and my monthly payments. Tills note oho limits the amount my interest rate can change at any one time and oho the minimum sad the maximum rote 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 Dates The interest rate I will pay may change on the first day of 11p_ rpmh r --.19 86 , and on that day every ty((,sl yp months thereafter. Each date on which my interest rate could change is called a "Change Date." (s) 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 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) Calealallon of Cbages Before each Change Date, the Note Holder will calculate my new interest rate by adding one & seven — eighths percentage points( 1 -A 7-9; %) to the Current Index and rounding to the nearest 1 /8th of 1%, 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) Lindts on Interval Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 11.50 w ro or less than A 75 %. Thereafter, my interest rate will never be increased or decrr„-ed on any single Change Date by more than twil (terra . ^ -t 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 $ 75 % and the maximum interest rate will never be greater than 14.375 %. (E) Effeedwe Dale of Changes 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 monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Notice of Cbages The Note Holder will mail or deliver to me a notice before each Change Date. The 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. ■. CHARGES[ LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Charges; Leas. Borrower 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, 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 tender W notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipb 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: (a) shall agree in writing to the payment of the obligation secured by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of suds lien in, legal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any pan 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 Instrument. If Lender determines that all or say part of the Property is subject to a lien which rnuv attain a priority over this Security Instrument, Lender shall give Borrower a notice identifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days N the giving of the notice. C. NOTICF, Umform Covenant 14 of the Security Instrument is amended to read as follows: 14, Notice. Except 1'or any notice required under applicable law 10 he given in anottci manner, (a) am notice In 3orrower provided tar ill this Savory Instrument shalt be given by delDrering it or by malting It by first class mail u, ilonower at the Property Address ter at such other addles. as Borrower may designate by notice to I.ctider as provided herein, and (tit any notice it, I ender shall be given by ,list class mall ro I rndw'. address stated herein or to such other address as Lehner may designate by nonce rc, itnrruwe•r a, pu,ruled Ire,cm An, notice plodded fo1 m 1111. tielurlty Inillnatiern shall be deemed w halve been given It) Borrower m I ender when glen m ill, manner devanelcd he•rem ti