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r AD,TUSTABLE RATE RIDER g4 ._-..(l Q 0 210 THLSADJUSTABLERATERIDERismadethis l~fifi dayof lanttarjt ,19~_, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Severity Instrument")-of Llie same date given-bq the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note to HOME FEDERAL- SAVINGS & LOAN ASSOClAT(ON OF GRAND ISLAND, NEBRASKA (the"Lender")ofthe same date (the"Note") and covering the property described in the Security Instrument and located at: _ #26 Kuesters Lake, Grand Island Nebraska 6$801 (Property Address) The Note cootaies provisions-allowing for changes in [he interest rate. If the interest-rate increases; ilte Borrower's monthly payments wtB be higher. [f the interest rate decreases, the - Borrower's monthly payments wiB be lower. - _ ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security instrument, Borrower and Lender further covenant and agrce as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11- %. Section 4 of the Note provides for changes in the interest rate and the _ monthly payments, as follows: 4. /NTERESTRATEANDMONTHLYPAYMENTCHANGES (A) Change Dates The interestrateIwillpaymaychangeonthe 1St day of March _, I9_$.~.and on that day of the month every 12 months thereafter. Each date on which my interest rate could change iscalled a -"Change Date:" (B) The lade: Beginning with the fast 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 Ong yeazs, as made avaiablc by the Federal Reserve Board. The most recent Index figure available as of 45 days before each Change Date is called the "Current Index." tf the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holdu will give me notice of its choice. (C) CakaHtloa of Changes Before each Change Date, the Note Haider will calculate my new interest rate by adding tW0 d nd 0 ne-hd I f percentage points ( 2 ~ %) to the Current Index, and rounding to the neazest 1 /B%. The sum will be my new interest rate. The minimm~ ,merest rate on this loan will be no less than 9 ~ %. The maximum interest rate on this loan will be no more than 14 ; %. The Note Holder wiB then determine the amount of the monthly payment that would be sufficient to repay in full the principal I am expefted to owe on the 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) Etfcetive Date of Chaagea 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 [he Change Date until the amount of my monthly payment changes again. (E) Notlm 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 addifional matters which the Note Holder is required to disclose; and (iv) the title and telephone number of a person who wilt answer any question 1 may have regazding the notice. B. CHARGES; LIENS Uniform-Covenant 4 of the Security Instrument is amended to read as fottows: 4. Charges; Leas. Borrower shall pay alt taxes, assessments, and other chazges, 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 tu, if not paid in such mentor, by Borrower making payment, when due, directly to the payee thereof. Borrower shalt promptly furnish to Lender all notices of amounts duo under this pazagraph, and in the event Borrower shall make payment directly, Borrower shalt promptly furnish to Lender receipts evidencing such payments. Horrowor shall promptly discharge any lien which has priority over this Security instrument; bovrevtr, Borrower shag not be required to discharge any such lien sa long as Borrower. (a) shall agree in writing to the payment of the obligaGan secured by such Hen in a manner acceptable to Lender, (b) shall in good faith contest such lien by, or defend against enforcement of such Benin, legal prtxxedings which in the opinion of Lender operate to prevent the enforcement of the lien or forfeiture of the Property or zany part thereof; or {c) shall secure from ihrholder of such Lien an agreement in a form satisfactory to Lender subordinating such hen to this Senarity Instrument. If Le4dat.detertninesthat,aq or any part of the Property is subject to a lien which may attain a priority over this Security Instrument, Lender shat( givq,Bortower-a notice identifying such lien. Borrower shat) satisfy such lien ar take one or more of the actions set forth above within ten .days oY are gjvirig of the notice. tG. 1YOTtCR, . Uniform Coveniutt ti of the Security lnsutunent is amended to read ax fottows: l4. Iga$cs, Exacta fat any twtice regtdttxi uttder appBcahle taw to be given in another manner, (a) any notice to Borrower provided for in this Sectrity lnstrtrment,ttiaill begiven by delivgrittg it or by maiting it by first loss mail to Borrower at the Property Address or at such other address as tiorr<iwer tray designate b1' natiec.to Lender as provided heroin, and (b) any notuc to Lender shalt fxgiven by first clan mail to Lender's adarc~s states herein or to such ocher address as Linder tnay designate by nodee to Borrower as provided herein. Any notice provided for in this Sscut'lIY Irtsrrumux shall be drented.ta have be:~t gives to 8arrawrr or Leader when giveu in the manner designated herein.