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ADJUSTABLE RATE RIDER 85 Q059�w (1 Year Treasury Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 29th day of 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 ORAL SAYINGS A LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender ") of the same date and covering the property described in the Scrurity Instrument and located at: 1103 F. Sunset, Grand Tcland. NF 6RA 1 (Property Address) This note contains provisions allowing for changes In my interest rate and my monthly Payments. Thin note also limits the amount my Interest rote can change at any one time and also the alalm ms and tie maximum rate f must pay. ADDLTIONAL 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 _____xlo. Section 4 of the Note provides for changes in the interest rate and the monthly paymertts, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Down The interest rate I will pay may change on the first day of - December _ 19 y86 , and on that day every twE l ye months thereafter. Each date on which my interest rate could change is called a "Change Date." (t) TTtelmin Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United Statee 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) Caleulatl" of Charges Before each Change Date, the Note Holder will calculate my new interest rate by adding NO & onp /half _ percentage points to the Current Index and rounding to the nearest 1 /81h of tae, 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 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) Li iiis ma Itslerem Rafe Cha tges The interest rate I am required to pay at the first Change Date w +'1 not be greater than 11 m .o or less than R-9 %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two perce t _(9t) _ 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 $ 5 We and the maximum interest rate will never he greater than (Eir Effective Dale of Chatrga My new interest rate will become effective 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. (E) Nodoe of Cim"es The Note Holder will trail or deliver to me a notice before each Change Date. The notice will advise me of: (i) the new interest rate on my loan ss of the Change Date; (ii) the amount of my monthly payment following the Change Date; (its) 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. S. CHARGES, LIENS Uniform Covenant 4 of the Security Instrument is amended to read as follows: 4. Chgm, Lfem. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain it priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 hereof a, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish lender all notion of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; howeves, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obfigatioa sectored by such lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of such lien in, legal proceedings which in the opinion of tender operate to prevent the enforcement of the lien or forfeiture of the Property or any part t)tareaf, or (c) shall secure from the holder of such lien an agreement in a form satisfactory to Lender subordinating such lien w this Security Instrument, If Lender determines that all or any part of the Property is subject us a lien which may attain a priority over this Security Imirument, LAWW rill give Borrower a notice identifying, such lien. &grower shall sattsfy such hen or take one or more of the actions set forth above within tom days of the giving of the notice. C. N1717WE Uniform Covenant 14 of the St WHY Irstrualeat is amended to read a� follows, 14, Y4116100. Except for any notice required under applicable law ul he glvcr: fn another manner, (a) any nonce to fiorr"wer pr"s!ded Il+r n! !his Security Instrument shall be given by delivering it or by mailing it by first class mail to n"n"wer at the 11rol+erts :Vidwss Ice at such other addre, N Borrower may Ifetrgnate by ngnae fa Lcnder as provided herein, and (h1 Hns nonce to I ender .hail he plsrn hs first class marl t1, I eudel's sddtesv stated hefem w In such other address as lender nlay designate by nonce to 11011—el a, ( +rl,saJed heroin 4:a !ievuruy Invfru(rwiti shall he deemed to havr hecn siren !r, ilrvr"wer nr I ender when Well 111 1110 n1471111" 1Ir51VIISICd here111 t 1