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ADJUSTABLE RATE RIDER_ Q (I Year Trnsvcy Index -Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 26th day of _ Deaceinber 19 Rh mmd is 'mcaponted into rind dull be deemed to amend and supplement the Mortgage. Deed of Trust, or Security Deed (the "Security inetraetaiY'1 of the same daft oven by she undersigned (the "Borrow ") to secure Borrower's Adjustable Rau Note (the "Note") to "ONE F1 IAl iAY1MaS i LOA1i ASSO RATIOM OF'ORANi1 MLANG. NEBRASKA (the "Lender ") of the same date and covering the Plopertj described the Security Itistruautmt and located u: 2615 So. Cochin, Grand Island, NE 68801 (Property Address) This mass owuise p ovlsiw meowing for champs in my IAlerew rate aatl say weviddy pym eab. Tub no* Shia Masks the SmminSt my interest rate can chow at any owe doe anti aba dw nimiman and Se somslimmm tale I Asset }my. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further ctsvensmit and agree as follows: A. I TURST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 9.0 pw. Section 4 of the Note provides for changes in the interest rate and the monthly pmymeau, as follows: . 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Chap Dtles The interest rate 1 will pay may change on the first day of January '19 87 , and on that day every 12 months thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The IAim Beginning with tits first Change Date, my interest rate will be based on an Index. The "Index" h _at 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 avarih"c as of the doer 45 days before each Change Date is called the "Current Index." If the Index is no ]angst 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) CakdaliaA of th Before each Change Date, the Note Holder will calculate my new interest rate by adding two and onpJ ha 1 f percentage points ? 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 Tau 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 stilt of this calculation will be the new amount of my monthly payment. °« (D) IimiY on Imasmas Anse Champs The interest rate I am required to pay at the first Change Date will not be greater than 11 % or less than %. Thereafter, my interest rate will never be increased or decreased on any single Change Date by more than two Rercen t 21) from the rate of interest I have been paying for the preceding twelve months. The minimum interest rate on this loan will never be kx than 8 _ 5 sr, and the maximum interest rate will never be greater than 13-875 mo. (ifs Flbctlse Dses of Changes hang p y y payment beginning on the firs[ My new interest rat will become effective on each Change Date. I will pay the amount of my new months ` monthly payment date after the Change Date until the amount of my monthly payment changes again. (F) Native of CiYmyu 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. B. CHARGES; LIENS Unite m Covenant 4 of the Security Instrument is amended to read as follows: 4. CYngam 11aAa. Burrower shall pay all taxes, assessments, and other charges, fines, and impositions attributable to the Property which may attain a priority am this Security instrument. and leasehold.payments of ground rents, if any, in the manna provided under paragraph 2 hereof at. if not paid in such rummer, by Borrower snaking payment, when due, directly to the payee thereof. Borrower shall promptly furnish Lender all notices of tmsoums due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument; however. Borrower dull not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the Obligation, secgsrad by st.ch lien in the manner acceptable to Lender; (b) shall in good faith contest such lien by, or defend against enforcement of siscit tier * kgal proceedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or any PM tllaroof; Or (c) SW sautt from the ]wider of such lien an agreement in a form satisfactory to Lender subordinating such lien to this Secwity lastrmemsh. K [.cadet detern ines that all or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, Leader dull give Borrower a notice identifying loch lien. Borrower shall satisfy such lien of take one or more of the actions set forth ahove fan days of the giving of the run ice. Lwithin C. INVT ![.'E Uniform Covement 14 of the Security Instrument is amended io read as folinws: 54. Masiss. Vituept for any notcee required under applicable is* to he given in another manner. (a) any notice 10 B01t0Wer Imovlded for it tf lk 9evurity Instrument Omit be given by delivrting it in by snarling it by first class frail to Borrower at the Pro wtty .Addtrc of at such other addr -, aO borrower rosy dewgnwe by no ltm to I endef as provided herein. and (h) any notice to l ender Shall hC given ht tlr,t class mall r0 1 eni4er ad*r" State herein fit to yych othet *(Wiese 116 I.etxkf MAY desi)tfaW by 0011t:C Io Bir.'!(fwef as ttttivlocil hr,rin An, nonce tin m th, %scarvly Iwstrum"I "I he detmetl in have NTT' as-en Io 11oflowet nt I.rnder iytwn siken in iric manner clesignate(I ltrtvm