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ADJUSTA~>lE RATE RIDER 84 ~~ G Q 74 0 r THISADJ[ISTABLERATERIDERismsdethis 8th day of ~ehrttary ,19BLt_-, and'is ineocpotated-imo artd'~shsg he deemed to amend and supplement the Mortgage: Deed of Trust, or Died to Secure Debt (the "Security Tnsttttmeet"} of the~satne date given by thrtindersigned (the "Horrdwer'~ to secure Borrower's AdjustableRate Noteto HOME° FEOERAI- SAVINGS ~r iOAN`ABSOGIATION' OF 6pAN0 fSIiAND; NEBRASKA (the"Lender")ofthesame date (the"Note") and rnvering the properly described in the Security Instrument and located at _ 2408 Riverside Driue. Grand Island. Nebraska 6881]1 (Property Address) Tie Notr troetaiu provMoms aNowisg~ for changes in the inrentlt ntr. I! fhe inlenst nta increaeta; tie Sorrowa'tl tenttlily payment wiB bt iiRier. 11 lh! interne nk dts:teases; fie Botro.rer's monthly payntmttl wIB 6e lower. ADDITIONAL COVENANTS. [n addition to the covenant and agreements made in the Security instrument, Borrower and-Lender- further covetliatttand agrce as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES , The Nok provides for an initial interest rate of _ 11 • ~`~ %a. Section A of the Noce provides for changes in the interest rateand'tie monthly payments, as follows: 4. INTEREST RATE.4ND MONTXL Y PA YMENT CHANGES (A) Ciuge Dates 'The interestrateIwillpaymaychangeonthe ist dayoY April ,19_$~_,aod° on that day of the mono every 12 months thereafter. Each date on which my interest rak could change is called a "Change Date:'" (81 Tie leis Beginning wi[h ttre first Change Data my interest rate wilt be based on an "index." The Index is the weekly average yield on [)Wired States Treasury sectuities adjusted to a consiam maturity of nna years, az made availabk by the Federal Reserre Board. 7ht-most recent Index figure available az of 45 days before each Change Date is calied.the "Current Index." [f [hr Indat:is na longer available, tho-Noxe Holder wit! choose a new index which is based upon rnmparable information. TheiVOte:Holtler-;- will give me aorta of its choice. (C) Caiett[atfono[Cfsaagea Before each Chatigr Data [he Note Holder will calculate my new interest rate by adding tt~tn anti nna ha 1 f percentage-points ( 2 ~„L` %) to the Curnn[ Index, and rounding to the nearest I fgWs. The sum will be my new interest rate. Theminimumtater~trate- on [iris loan will be no leas than 9 _ S %. The maximum interest rate on this Ioan will be-no more than 1 ~ - S 9s,: The Note-Holder wifi then-deterrpine the amount of the monthly paymem that would be sufficient to repay in fuR ibe.prlrteipaF:Lam-*... - expceted to owe on tin Change Date in substantially equal payments by the maturity date at my new interest rak. Tie resulLnf this calculation. - will be the new amount of my monthly payment. (D) ffihellvrDate o[ Chgea My new interest rate wilt become effective un each Change Date. i will pay the amount of my new monthly paymatt beginning: on the titer monthly payment desk at`ter We Change Date until the amount of my monthly payment changes again. (E) Notice of ~ ThrNok Holder wiQ mttil or deriver to me a notice before tech Change Date. The notice wi0 advise the of: (i) the ttew iakrest rak on my loan az of the Change Dace; (i) the amount of my monthly payment fotlowfttg the Change Date; (iii) any additional matters which the Note Holder is required to disclose; and {iv) the title and telephone number of a person who will answer any question i may have regarding the nokice. &. CHARGffi; L1FdNS l3pifornt Covetwnt 4 of the Security instrtmtent is amended to read as follows: ~. ~. CMrges; liens. Borrower shalt pay a1} taxes, assessments, and other charges, fine and impositions.a[tributable to the Pmpetty which:may attain a priority over tits Sceurity Instrument. and leasehold payments of ground rents, if any, ;n the manner provided under paragraph 2 hereof or, it not paid in such raanner, by Borrower making payment, when due, directly to tie pays thuenf. Borrower shag promptly furnish to lefwler-ail. notices of amounts due under dtis paragraph, and in the event Borrower shalt make paytnen[ directly, Borrower shall _promptly - furnish [a:f-.curter _ra;ejpu exideia:ing such paymtnrs~ Borrower shall Promptly discharge an.y lien which has Pt'iotity: over this Se¢prity. - lttstrument; howrvu, Borrower shall:not be required [o discharge any such ties so long.as Borrower: (a) shall. agra in writing to-tba Paytneatof the obligation socured by suc}t lian in a [Danner acccptabk to Linder; {b) shall in good faith. contest such lien by, or defend against tnforament pt such lien io„ legal proteedittgs which in.ihe opinion of Lender operate to prevent the enfwcemeat of the lien or forfeiture of.ths`Property or ' any put thereof, or {c) shall secure from the holder of such lien as agreement in a form.satisfactory to Lender subordinating such lien to-this Securi[y Instrument. _ if fcnt#et•:de(~a4~t.t6at all cu. anY put ut tie Property 3s subjra:t [a a tlen which may attain a priority over this Security instrunteat. Lender. - sluh live: Barirewer a,noticc identifying such lien. Borrower shalt satisfy such titn or take one or Wrote of the ac[tons set foKh abovewithia ten days of the aiyittgafthenrxia, C.. Nl7liC'R L n)form C wertant -t4ol~ihit Secttrtty trlitrgtaite?tt iSamrdNf4rl W teadas #oBows: - 31: N~tlta..l'scept for any tit5t'tec rcyttfrrd_uttrkr+tpp}itrtsklaw. to be givcttin attothtr manttsr, (a) any notiet to Borrow~tr provided for in tiffs - , - Sn~tr kY [nttrumcm ttutl t+e yi veo by de{ivering it-yg by trtitil{ng i€ ixy ftrat ctas~ malt 4u Borruwti`r at tits Pro perty.4ddress of at such other address ~' ~ ~s 9t:r•_^w~e :r:_v d::•y.^rx:c by ^,.; .t w ir_udcr ao ,~:;, Aerelty. E {tZ)-eery mx3;,.= ro I„~ts!ea steal be given by fist H maiE to Lerdcr's ~;aJurtu aatW hereta:~r tv 3n:.h aha address ae latrdcr tray d~iJlrtatrt. {ty-trotset~ti3 Borrower sa provided htu~in,. Ang tustic~t pritvidcd £otr in ibis i+acprNy tn•tr+u+xatAataa~ ba ~ttnrd to ha~c been[ Qiven ~,.~~rrt~v~ pr L~€}$ts w#y~ gistn #tt-the nisu~t 4esJpuaittt lltrein