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,~~ ADJUSTABLE RATE-RIDER 8~-""(~Qi~~; ~~-. THIS ADJUSTABLE RATE RIDERistnadethis 2nd dayof r~iarch -,1984 , and is ittrnrporatedrnto and shall be deemed to tunend arid suppkrttlnt the Mortgagt, Deed of Trust; orDted to 3txura-pelrt (the.."Se~wity Instrument") of thl sartte date given by the rtndvsigned (the "Horzawer"} to secureBocrower's Adjrtstahk RateNOteto~ -NOME FEDERAL SAVINDS 8 LOAN ASSOGATION OF GRAND ISLAND, NEBRASKA (the"Lender"loFthcsame date(lhe"Note") and rnvering the property described in the Security [nstrument and located at: 263t~ Jay Sireat, Grand Island, Nettraska 68861 -~---~- (PropenyAddress] 'fbe Note toataitss pnvisioas allowing for charges in ibe ialetest nk: II the iahnesl rate irtcrcarex, the Rorrown's moatN7 paytne~u wilt be higher. I( the interest me dedaran; the Bommver's moethly paytsteats will be tower. ADDITIONAL COVENANTS. to addition to the covenant and agreements tnadc in the Stxurity Instrurrtatt; 8ortowerand~Lendef farther covenant and agree as t'allows~ A, INTEREST RATE AND MONTIff.V PAYMENT C"RANGES The Note provides for an inFria# interest race of _..~._ _y'a. Section 4 of the Note provides for changes in the inttvesY,rate<and~Yitec momhly pavmrnts. v furrows: 4. INTEREST RA 7E.A:'v'D A90h'THI_ i' PA Y:IJE.NT t'H. t tiC'ES tA) Change Date - The interest rate !wits pay may change on the _..-_~° ~ -day of _~- m'y i4-~`t-_^ a>td-' on that day of the month rutty .__-_ months ;herrafur. Eacfi data on which my interest rate could change is calteda "Chartga.D~ute:" (Bt The Index Deg?meirtg with Lhe first Change Date, my interest rett will tx hasrd on an "index." The index is the weekly average yield on United Stalls Trrastuy securities adjusted to a constant maturity o?' _._._. ~~~e years. as made available by the Federal Reserve Boud_ The roost recent index tigare avttitahle as of 4S days hrta[r each Change Daie is called the "Qtrrent Index.'" (f the Index u no Wngt:r avattabie, the Nau Hotdrr writ choose a new index which is based upon rnmparable information. The Note Haltkr will glut me notice of its chozcr. (C} Galnlatloa of (`hattRea Before each Change Dau, the tVO#r Ho#der wit! catcu#ate my new Interest rate by adding ___Lyiti ~nri n P_t,n i fi percmbge points f ' _ s, ._~.a'ei [o the {;urrrnt Index, and rounding to the nrartst F /g°7o. 't'he sum wit! be my new intctcst rate. The minimum interest nts- vn this !Hart will ix rto 1us than ___ tz - ~ ~~..A_an. fhe maximum inures! rate on this loan wi.fl tx no more than ~i 5-- °k. Tits Ivan Helder wtiF ihrn drterminc the amatutt of zhe enoathiy paymrnt that would he sufficient to repay in full the principal I ern exFn:trd to ow~r nn tttr Change Datr in suhstantially eyuai payments by the maturity date at my now interest tau. Tht rrsuft of this calculation - witl >x tfec new amount of my monthly paY~rtent. (D} N.ffsrdve !late of Chtntta My ttrw interasi rate wtFl become effoctive un each C'hangr I.>•ate. ? writ @ay ehr amount of my new manthly payment beginning on tits first manthty payment dau after the Change Darr unto tilt antvunt of my monihh~ payrncn[ chattgcs again. fE} Notice ofChaaRes 'fhr Nae Haider wii# mail ar drFivrr tc me a aousx taefute tacit Change Date. fhr notice wilt advise me of: (i) the new Interest rate on my loan as of the C'hattge Date: Iii) [ht amount of my mamhly payment tbNowing the Change Datr; (ift} any additional mantra which the Ntxr iiotder zs rrtitureti to dis~tirne: and f iv} the title and tdaphvne naneber at a Flt son wha wiA answer anY quesuan t maY havr regarding the notice. B. CHARGES; LIENS Uniform f'avenaat 3 of the Sirtrrny tnstrtrment is amrndex# [a read as faliows. i. Clrargea; lit. i3rirrawer shall pay alt taxes, asstssmenu, and other charges, #'ines arrd impvsiuorzs attributable to the Property which may attain a priority Duct this Sertrrity instrument, and #casehaid paytnrnts of ground rents, i f any, m the manna provided under paragraph 2 hereof ~, iF riot paid in such manner, by Borrawtt making payment, whin due, directly to ttae payee thereof. fiturawer shall promptly furnish [o i.endcr all ttatitxs of amaunts titre under this paragraph. arrd in the evem t3vrrvwer shall make payment dhecily, forrower shalt promptly fttrn#sh to Lender rn-erpts rvtdencing wth payments- i3orr~swer shaF3 promptly discharge any hen which has priority ever this Security Instruntent« howcvr[, ikurowy:r shalt not be ttquurd to discharge anS' such hen so tong as Borrower: (at shah agree in writing to the FaYment of the oMigaxioa sttured by swh tiro sn a manner acc:rptable to Lender; ttr) ahalF in good faith Gamut such hen by, ar defend against rnfurctrnent of sva~t first itt. h:~al prt>4rcdings wttub rn the opimvn of Lertdrr upstart is prevtni the rnforcrmrnt vt ehr }ten ar taruiturr of the Property yr qtly Fart titrsrvf; or (cl shall create tram rite holder of such Ficn an agreement na a farm salistactary to Lender suhardinaung such Eieti to this Security tnetrumcnt. if L+:rxxkr drtutm~s =hat a#F or any pact of ihr Prapcrty Is sub}cc~t to a hen wk;ich maX attain a preoruy curt this Security lnstruazrnt, lxndcr shah pave Barrowrr a nati,.'C idanttfying such tiro, ficxrrtwer sha#i satisfy cur?t hen or take otrc yr more of iha actsans art ivrih shove wulrir. un days of ihr giving, of tttr nvtice. +C~. +tU°fltf`kt fi~tozfotm {rant to of tht purity ttzstnamcrtr t.s armndrd io rand as fitfiows: lt. rirrtka. t'.srlpi fur ar,r ncxrrt ratinrsd under app.Eruabfr taw to tat given tr, souther manmr. ta! anY natsrr its Narrawrr prvvu#rtf #or to ttus '.iesurtty Inxtrrurerxtt tAafi l*t gis-ettt My dtE#vserang tl art by meufing Et by trrx r:3ass anaci tIS Bonowrr at tht Psopsrccy ,Addreax Gx at such x thrr asidrrss u Brxfisxvr8.r zisRy deatttaats fxy ticztter to I..rndt~ as prszvisild hrretn, and itrl soy rratzcr te> Linder .;hail ixr given nt- tlrsi ciacn toast tc 1 rnr#ex'x ~ ~ar#d hrrcin t'a to s'rcGh ottFrx addrexs ax l..rndta Wray dessgaxa'tr trw au>ts;x to t3urrnwrr at t*~Frvidrd ftrr'euc Alt+.~ ootlce ps nvtdrd t>r sn thix S~ax'zYy }.a5s4rt~€ist shalt tYt sltear.brd to havr ta~a givrrr io f3ar'rovc~i €zr i.€a¢#rt wftrn gitan w the nsamecr ve3tSirtaitY# hrrrzta