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ADJUSTABLE .RATE RIDER 85- 006151 (1 Year Treasury ndex•Rate Caps) f THIS ADJUSTABLE RATE RIDER is made this 9 day of December 11985 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 MMUL SAVINGS i LOAN ASSOCIATION OF BRAND ISLAND NEBRASKA (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 2215 N Sycamore, Grand Ttlantl, NF rmni _ (Property Address) This note contains provisions allowing for changes In my Interest rate and my monthly payments. This note also limits the amount my interest rate can change at any one time and also the mlalmnm and the maximum rate I most 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 %a. Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: L 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Data 12 interest rate I will pay may change on the first day of January 1 a 19 87 , and on that day every 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 the notice of this choice. (C) Calcubmi" of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding two R nne f ha 1 f percentage points ( 2-5 %) to the Current Index and rounding to the nearest 1 /8th of 11176, 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 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) Limfh a lonerem Raft Changes The interest rate 1 am required to pay at the first Change Date will not be greater than __o/o or Tess than 8 - 5 sus. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than Rio }IErJC2f1 t (7°�) from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be lxs than _85_ ps and the maximum interest rate will never he greater than _ 1 3 R 5 qe. (E) £fffllctive Date 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. (E) Notice of Changes 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 Ov) 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. Chargast fleas. Borrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a priority over Ibis Security Instrument, and leasehold payments of ground rents, stony. in the manner provided under paragraph 2 hereof ot, 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; however, borrower shalt not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligatiort secured by such lien in the manner acceptable to fender; (b) shall in gout faith contest such lien by, or defend against enforcement of such lien in, egal procredings which in the opinion of lender operate to prevent the enforcement of the lien or fori'titure of the Property or any Put 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 Lander determitras that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, Lender shall give Borrower a notice identifying such lien. linrrower shall stnisfy ouch lien mt take one or more of the actions set forth aNvvc within ton days of the giving of the nonce. C. NOTICE Unifcxm Covenant Ice of the tieCurily Instrument is amended to read m Inflows 14, Malice. Except for sny notice retltared under applicable law io he riven m Imolhar mtatnner, la) any noure to lionower prmnled fol al Ihvs !Security Instrument shall be riven by delivering it of by [visiting it by first clas4 melt u, 111MO-el aI the Pmivfry .Address m ai tich �ahrr, addre.r as Florrowp may detrjleralC by II"lur to I,endet env pruvide,l herein, and Ohl am nou•.e In I ender 'hall he grvrm hu hr'l Jae. maul I„ I rndel addrevs orated hercln nr fn Oath nlhCr addreuu a' frilder that 11C4Irr IlltlC by nom r' I„ fUr, R suer :r. IRM,dCd her old 1111' noll,c I'nn 1, te'l I,n ... Ih, '9e +.mrlly Inuit unfenf 'hall 1K derided Ir, ha.e heem knell Ilr [for tllw'f "I I "I ";! -r dev¢nalr,I hel.-m,