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<br />&~ ---t~ ~i 0'7'77
<br />ADJUSTABLE -RATE RIDER
<br />THISADIUSFIIBLBRK`PERIUERtsmadethis- 15th day of Febru3ry ,1934 ,
<br />anA )s incorporf[ed-into and stiail lie deemed to amend and supplerttant the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security
<br />1[fatrumititt")bfthtrsamed~given'bytfraimda~gned([[te"Hortower'7[osccuretlorrower'sAdj[ds[abkRateNoteto HOMEFEDERA4
<br />SAYI-FiiB i iOA/it A>IS8CIA71t1Ff' OF"' ORAND IS4AND~ NEBRASKA (the "Lender'h of tho-aame datc(the "Note")
<br />and covering theptopetty described in thdSecurity Instrummt and located at;
<br />2507 Nest Louise, Grand Island, Nebraska 68801
<br />(Property Address)
<br />7Tte Note coapir provlYat,s albwlag For cYatsgrx ie the interest nte. If the tahrat nh
<br />ftscreatn; tYe Boerower'a ttreatYy MYt~a wNl be YigYer. [t the iatereat me tlecreres, the
<br />Borrower's teortih MY~m wNl Yeiowv.
<br />AUDTTIUNAL COVENANT'S. In addition to the covmant and agreements made in the Securry Instrument, Borrower and Lmdu
<br />further covmanrand Agra as fo)tows:
<br />A. INTFRE6T RATE AND MONTHLY PAYMENT CHANGEt1
<br />TbeNote provides for an initial interest rate of 11 "Fa. Section 4 of the Note provides for changes in the interest [are and the
<br />monthly paymmu, a; fatlows:
<br />4. /NT&R€STRATEAND MONTHLYPAYME.'VTCftANCES
<br />(A) CYaage Dale[
<br />The interest rate I wilt pay may change on the 1st day of Air i 1 19 ~ ,and
<br />on iharday of the month everp _ l2 months thereafter. Each dale on which my interest rate could change is called a "Change Date."
<br />(R)' TYa Ittiea
<br />Beginning with the first Change Date, my ivtuest race wilt be based on an "index." The Index is the weekly average yield on United 3tatea
<br />Treasury securiiles adjusted to a constant maturity cF years, xs made available by the Feduat Reserve Board. The most
<br />Smt Lnd~ [;gars av°~~I;;t as of d5 days !~t'oe Wit: Chang[ Date _• sa)!ar_1 the "Current Indea.,•
<br />If the index is no !anger available, the Note Hotder wilt choose a new index which is based upon comparabto information. The Note Holder
<br />wid give me notice of its choice.
<br />iC! Calcalatlaa.aFt~aanea
<br />Before each Change Date, the Note Holder wiB calculate my new intuest rate by adding + :., a.,~z n o_ha 1 f pertxntatte points
<br />(, ~ ~ ?fs) to the Current Index, and rounding to the nearest 1/g9a. The sum will lx my new interest rate. The minimum; inters[ rate:
<br />oa thrc kwn wilt be ma less than fl 5 9.. The maximum tntaest rate on this Ioan wiLL be no-more-than 17~ 5_ °h.
<br />T'he Note Hotda-wilt then detecmiite ltte amount of the monthly paymmt that would be snffieieut m repay in fuB [he principal-1 stn,
<br />expected to-owe on the Change Dste in substantially equal payments by the ma[urily date at my new interest rate. The result of this calculation-
<br />wiil`bs the new amount of my monthly Raymmt.
<br />(R) Effpetlve Rate ofCYttys
<br />Ny-new iatetest ratewill become effegive on each Change Date. i will pay the amount of my new monthly paymmt beginning-on,thtCtrst
<br />moodtiy WYnteni dale alts itic C'asnge Dale unlit the anta:mi of my ntonthty payment chances again.
<br />(F,3 1VNiRe oRCEMgea
<br />lTte Note Holder wilLmaii or delivs~ to me a notice before each Change Data. The notice will advix me of:
<br />(ij the trcw imaest rate on mY loan as of the Change Date;
<br />~ij the ~qat of taY m~thb' MYmear foliowiag the Charge Danz,
<br />(ii) any additiotudmatters-which-the Note Holder is require[! to disclose;-and
<br />f v) tilt tiHe°and telephone oumba ofa person who wiB answu any question I mayhave regarding the notix,
<br />1L_ CHARC,F$1-LIF1vS,
<br />Uttifocm Covenant • aFtbe Security Instrument is amended to read as follows;
<br />d, G'rBq; Ilnt. Borrows shaltReY al! taxes, assessmmts, and othu ebarges, fines and impositions attribotabk, to the Property which mty
<br />Main a-priority ova this SeeuritYinstrument, and leasehold payenents.of ground rents, if any, in the matmer pravidedamis paragraph 2 hereof
<br />a. if not paid is such manner. by 8orrowu mitring paymmt, witm due, dirxdy to the payee thereof. Borrows shall promptly.furnttih to
<br />Leader sit mxices of arnOtuits due uncle[ thin puagraph> and to the aura[ Borrower shalt matte paytttmt directly, Borrowe[ shall p[otoplly
<br />furnish to,lettder receipts evidencing .such paytamts, Bartowu shall pxotnpelY discharge any lira which has priority ova this Savri[y
<br />irsut i.4tznt; h.;.vever,:Botrows shaitnot herequi€~ to d-:scharne any sued yen so tong as: Borrows: (a) shall Agra in writing to the RaYmenG.uf
<br />the oWigatioo scouted by sm h lien in s maorter acceptabk tof.endrr; (b) shaft in good.faith mnteatsuch tim by, or defend against enf~rceirtatt
<br />o(sttch lien io, legs[ proceaii€tgA:whit:h. inthe,ophton of Lender-operate to prevmt the siforcement of [he lira or forf¢ture o[ the`Propa[ty, ur -
<br />any part thseot; or (c) shtdl secure from-the harder of such lien an agrsentent in a Form satisfactory to Lends subordination such Gm to this,
<br />Security Instrument. -_
<br />tf L.ersds determines a [tat all or. any pall of the Property is subject-ro a lien which may attain a priority ova this Security Instrument,. Lentkr-:
<br />shat Due Brxrawet a twxtcc idRntifying sucltlttin.l3orrows shaBaatis£Y such tier[ or take ant or [~Oreof the aetians se[ forth abova within ten,.
<br />days of the giving of the nalir~~. ~.
<br />C. N(FTK~
<br />thufarm.Covenaot t 4 ut'thr Secprtfy Itutttvtnart is au€etxkd toread as fotlaws:
<br />la. Nat/se, Lx;z'W for any an[k'erequ~nd uttdcrapplicabklaw.w iss•givtnht anWhac manmr, fa}any notice to Borrows provided tot in trite
<br />5wcartty i[tstrammt chat! M g,.cn by rtdivatna it of #y rttaitiag;e by (Yrstctats manta &»rawsat tilt Props€y Address at atsuchottter address
<br />err 9arrowa [nay lestgtu€c by txxiu to )_tr!4ct ax provided furein, and (b) auy rtotioe to Linder strati be glum itY Firaf elate mail to I..en€kr'e
<br />addirifa i4tted [[Wain. w to sych othpf nctdreYi,tu I~craiet nary desigrure bytnarirebo &trrowar as providal herein. Aay Wallet provided far in this
<br />!iswrit y Irrrswnaeas snrli he 6ettes:.1 io tNtrc W?"{A to ttortuxrcr. CG l.rrtda wt[en-givan in ittrr ttlanaer desigtralcci t€san.
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