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ADJUSTABLE RATE RIDER (f Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 29th dayof November ,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 same date given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to HOME FEDERAL SAVOM A LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") of the same date and covering the pfoputy described in the Security Instrument and located at: 3820 F_ SePdlingMile Rd.. Grand Island- NF 68901 (Property Address) This aNe comislim provisions allowing for changes is my Interest rate nod my moatMy, payments. This ask aiw limits the amount my interest rate can change at any one that surd ale the uthtiNsaaan and the mardmam rate 1 most pay. ADOITIONAL 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 rummy payments. as follows: 4. fN73EMT RA 7E AND MONTHLY PAYMENT CHANGES (A) Change Duo The interest rate 1 will pay may change on the first day of January 1. '19 87 , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (S) Thelaiea 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 date45 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) Calcabliaa of Changer Before each Change Date, the Note Holder will calculate my new interest rate by adding One & seven /eights percentage points( 1.875 %) to the Current index and rounding to the nearest I!Sth of 1 ro. 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) LiimiY on Interest Rase Changes The interest rate 1 am required to pay at the first Change Date will not he greater than 11.5 % or less than 8.75 ` %. Thereafter, my interest rate will never be increased or dr.reased on any single Change Date by more than NO percent (2%) y from the rate of interest l have been paying for the preceding twelve months. The minimum interest rate on this loan will never be less than 8.75 % and the maximum interest rate will never be greater than 14,375 ro. (E) EffeetYve DNB of Clint" a My new interest rate will become effective on each Change Date. t 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) Neder of cis"I s The Note Holder will snail 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; fill the amount of my monthly payment following the Change Date; (iii) any additional stutters 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. L CHARGES: LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chases: Liar. 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 manna. by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of amounts dote [order this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Leader reoeiptt 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 ob4gation secured by such lien in the manner acceptable to Leader; (b) shall in good faith contest such lien by, or defend against enforcement of such fiat in, legal proccedings which in the opinion of lender operate to prevent the enforcement of the lien or forfeiture of the Property or any part therad; or (c) shalt secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Security Irutrumalt. If Lendet determines that. all or any part of the Property I% subject to a lien which may attain a priority over this Security Instrument, Leader 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 men days of the giving of the notice. L C. N Uniform Covenant 14 of the Security instrument is amended ft r cad Ps follows 14, Halloo, Except for any notice required under applicable Is% to he given in another manner, ter) anv notice In Liinrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class rnad n, Borrower at the Property Nddress or at .u.h other address as Narrower truly designate by notice 10 Lender as provided herein. and (h) dray nonce io I Crider 'hall hr pliers by fuss class niad to 1 chart . aofdrets stated herein or In such rrrher address as lender may deslanare by noucr ro Borrower As provided hereui -Inv nonrr trovided lot in ihn smuftty Instrument shall he dedvnccd In havr heen given to fi'ntower "r I cadet when canon in the mannet drvh•nared hrrorr+