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<br />
<br />ADJUSTABLE RATE RIDER
<br />TM3 ADJUSTABLE RATE RfDER is made this 10th day of ARril _I9 E34_ r
<br />and u itrcorporattsf lino and shah tx deemed to stttend and suppkment the Matgttge, Deed of Trust. a Dtstd-to Secure Dtfit'k#sC'tSdt:WrMy-".
<br />Instrument") of the same date given by the uttderxigtted (the "BOrrosver'7 to secure Borrower's Ad}tptabk Rate Norc to !(OIIE FE~~•.;;.
<br />SAYINGS A LOAN ASSOCIATION OF GRAMO ISLANO, NEd11ASKA (the"Leader'`)o[thesanre~ltb(fhe'sNi'iti8'!$
<br />atd mverirtg the property described in the Security Instrument and located at: - _
<br />3125 West State, Grand Island, Nebraska 6fl801
<br />(Property Address) -
<br />TYe Note coaNiaa orexBierts allowing for tYtagw h tAe lak+aet nee, If Oe blrtpE-Me
<br />taerwao, tAe Serrower's tattsttttltly pSttatarb srBl be ~. [[ tAt taaeraat nM tltesaaMSSi lie
<br />Bmmwa-`s tattaxYs pyse.u t.Nl Se bwer.
<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Btxrtsver and' ~a~d~r"-
<br />furthet covenant and agree as follows:
<br />A_ INTEREST RATE AND MONTHL\' PAYMENT CHANGES
<br />The Note provides for an inlt}a! interest rate of °'u. Section d of the Note provides for change in the }Wettest rate lend tAe"'
<br />monthty payments, as follows:
<br />d. !NTERESTRATEAND.41tJ:VTHL }'PA Y.kfE:VT CH.4~VGES
<br />(A) CMagt Dads
<br />The interest rate t wi}1 pay may change on the _ -~___.~__ day of __. ~ Une , l9 _H.r_, at}d
<br />0o that day of the mach every - - months thereafter. Pasdt date on which my imerest rete totted change u called • "ChaogaDate
<br />(Sl Tie latlea
<br />Bcspttning with the first Chatrge Date, my interest rate will tse based on an "Index." Tht Index is the weekly average yield O(1 United States
<br />Treasury scavritica adjrrsted to a constant matunty of _.__ _:_-nr= years, as made available by the federal Reserve Board. The moat
<br />recent Index figure available as of /S days before each Change Uatt is called the '`Current Index."
<br />I f the tndex a ne longer avatlabie, the Nat Hoida well choose a new codex whtch is based upon mmparabk informative. Tht Note Holder
<br />w}li give me nauac of iu choice.
<br />(C) Caktsiadw lit CYNgea
<br />Ekiorc each C'hartge Dale, the Note Holder wstl cah:utate my new interest rate by adding _.i„1L~.. ~nz+ ~n~_h:a 1 f percentaat po}Ma
<br />( - __._ _,_ _ ws) to the Current Index, and rtnutdtng to the nearest i !g'Rt. The sum will be my new interest rate. The minimum interest rate
<br />...
<br />on this loan will be no leas [hen _____.~! _.__... __.__..'r"s. The maximum interest rate on this loan wiB be no more than 1.Fi 4\.
<br />The Nvte Holder w-ill then detennme the amount of the monthty paymetn that would i>e sufficient to repay in full the pr}ncipal I em
<br />expaated to owe uo the Change Uatc ea substanuallp equal paYSnenu by the matantx date at my new interest rate. Tht result of this rAlCabt}Ort
<br />w}B be the new amount of my monthly payment.
<br />ID) FltecUve Date lit ('iaages
<br />My tra'w+ tntereat rate will bocoost ettecuve un eac}; l harq:e Vars. 1 will pay the amaum of my new atontitty payment btaimirtg ou the f"ust
<br />rrronthiy payment dace after the Change Uate unlit the amount of my aonthly payment changes again.
<br />lE) Nutlet of Clogs
<br />The Note Hddet will Wool m deliver to ore a nuuce betare each Change Uate. hM notice wdl advise me oL
<br />(i) the new tntrrest rate un my fain as of the C'haty}r Uau;
<br />(it} the amount al my moot}sly payment foUowtitg the Change Uate;
<br />(ni) any additianat Wooten whrch the tine Hofdrr a rrgwrel iu disclose; and
<br />live the utk and telephone number a a person who wall answer any question 1 may have regarding the nonce.
<br />B, (:HAR(:FS: LIENS
<br />Uniform Cavrnant d of the Se.~ur;ty tnstrumrni rs amritdeC to read as fu}lows:
<br />d. Claeges: l.kaa. Borrower stiatl pay ail [axes, asacvsrrirnts, ant! other c}iargra, flora utd impasurons attributable to the Property which ntay
<br />aGat.7 a pritxit} over ttua Security lnstruinrnt, and leasehold paymenu lit growui rents, if any, m the manner pravidtxf under paragraph 2 hereof
<br />a, i€ na pa}Q in srrch irunner, by Borrowu making payment, when due, dtrrctiy to the payee thereof. Borrower shall promptly furnish to
<br />Leader ati-rtotices of amounts due ucdcr thrs paragraph, and N the tutee Burrower shall make payment d;ratly, Burrower shall promptly
<br />furnish to t..tider rtCetiHa ev~rdrnctitg s;rch payments. E3orrawer shalt promptly dia.:hugc any Itch which has priunty over this Security
<br />Ittsttttmtstt; howevsr, Borrower st+a}t not tx reported to discharge an sucn hen so tong m tiorrowrr. (at shalt agref m welling to the payment of
<br />the tybiiptit}n starred 6y such lien m s manner acceptable to Lendv, fbl ;hats in goad faith contest such lien by, or defend against enforcement
<br />of suc'}t ikn in,..kgal procee[hrrgs which in the opinron of Lender aperau to prevent the en(arcement of the hen ur (orfeitwe of the~Proputy or
<br />any girt thereof; or tc) shag secure tram the haldet of such lien an agreenacnt !n a form saustactory to }.ender subordinating such Lien to this
<br />5taurny Iraurrrriem.
<br />It i..ettder deterititiires :hat aB lit arty part of ihr Property rs sub}ect to a hen which may auwrs a nrwu*.y ov et this Secunty instruiuent, Lender
<br />shsi}3 give $ortawer a ntrrrix rdcntrfyirsg such hen. Aurruwer shad saris{r such lien or ta4r i>rre or nwrc u: the a.uutu set turth above wnhtn ten
<br />days o, ~'te givir~ of the ncxrcr,
<br />t:. NprTlt.E
<br />tkttforot C'svenatrt i4 of the Secsrnty Imtrurnettz ss amrndeA m read as {ulinws
<br />I!. Nptitt. P.r~}x for any oatts< rc~utred under appitcabte law ru tr pawn u; sootLv onanrtet. krti any ox+x~ -e ic, Barrow-cr pr uvtdeit for m thza
<br />s3tv.2t.*cty ttr}.trtuncu:t i }tc green by a}ervrrrry rt.rr by maaltng .! Oy trrsi ~tana enrol .z, t3r.rrr~wrr trz nc~ Propart, .4ddra ae ac. >uvh lit ors ad.trnsr
<br />at Bwt~srs nt$r desgl.>att 1'4 ni#rct iu t-atp#cr as }x,dv34~t Ptere+n, aa:c3 tb} any tw¢c,.r. Eu Lcreatrr a{cal? br gr urn ?n trcva cuaa marl L, ! rnd~'=
<br />addtcva statc~+t lice stn rw to wc.!: inner addscae. arc ts%nx may dessgnase tr nc,tzc~r su Bnrr.:,wr+ r.. ~,,.~~.:ds:J hc:a ern ° ., ry+ra;+:r t,z i=. i:frd r„c rv::lieu
<br />`~aarxtty }rt;trurixcast r3wtt hs sl+rrttsrnt rv= tx,;. tears rr>e:a tv lieu r?*wea ~:~:.. erzSsr w tv,M r+er, ,+. ,. ~ Wean+cca r =,
<br />g c~igna:ty iu• ^. .
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