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ADJUSTABLE RATE RIDER 84 '-Q~'~~QS THIS ADJUSTABLE RATB RIDER is made this 11th day of A~tr i 1 , 19i~_ , and is incorporated into and shall be deemrd to srttrnd and snppktoem the Mortgage, Dad of Trust, or Deed to Secure Debl` (tbe~"Seettrtty- Instrument") ofthe satoedate given by the undersigned (the "Borrowtt") to secure Borrowtt's Adjusnbk Rate Notero IKi1AE?-FEDE11A4i:. SAVfNOB ii tOAN ASSOgATItNi OF ONAND ISI.ANO; NEBRASKA (the•`I.ender,•)ofthesamed~ithc•'Na1e") and covering the property described in the Security lnstrumrnt and located at: - 302 Lakeside Drive, Grand Island, Nebraska 68801 (Property Address) The Nae coatalaa provhiar aMewlag tar cYaKa is tie hs4rasl rak. It tie- Ittkaatg' safe iaereaaea, tic Bserower's asoMiy pgttseob w~ ie Ngiar: II tieialeasf testa danaaass;'- the Borrower's asoadNy PavtaeW wBl ie lower. ADDITIONAL COVENANTS. In addition [o the covenant and agreements made in the S«urity lnatruntmt, Bttrtoarer and Castle`-~ further covenant and agr« as follows: A. INTF.RE9T RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11 °h. Section 4 of the Note provides for changes in tie interest rate »ad~ihie . monthly payments, as follows: 4. INTEREST RATE AND.MOh'THL Y PAYMENT CHANGES (A) CiaageDa~a The interest rate 1 will pay may change on the 1st day of June Ig 85 , ~~, on that day of the month every 12 months thereafter. Each dale on which my interest rate could change is called a "ChaogekJtge." (B) '!1[e Idea , Beginning with the first Change Date, my interest rate will lx Rased on an "Index." The Index is the w«tly avera~ yield on United Sfata Treasury securities adjusted to a constant maturity of one yeas, as made available by the Fetknl Reserve Board. The toot recent Index figure available as of 45 days before each Change Date is celled the "Current Index." If the Index is no longs available, the Note Holdtt will choose a new index which is based upon companbk information, 'The Note Holdv will give me notice of its choice. (C) Cakdatloadf~aatin Before each Chance Dale, the Note Holdtt will calculate my new interest rate by adding two and one-ha 1 f peroeoht'epoiota ( 2.5 R) to the Current Index, std rounding [o the rrearest 1 /gam. The sum will be my new interest rate. The minimum intenxt me- on this loan will be rw less than 9 , 5 rF-. The maximum intttest rate on this Itran will be no more than 14.5 tM1. The Nee Holder will then dttermine the amount of the monthly payment that would be sufficient to repay in f1tR the principal 1 am expected to owe on the Change Date in substantially equal payments b> the maturity date at my ttew interest nee. The resuh of this cakvlation will be the new amount of my mootNy payment. (DI tYteelive Date of Ciastges My new interest rate will bttome effenive on each Change Date. 1 will pay the amount of my new monthly payment begiooitrg on the Tirst monthly payment due after the Change Date until the amount of my monthly payment chatytes again. (E) NotlorotCiaagca The Note Holder will mail or deliver to me a notice before each Change Date.'The noti« will advise me of: (i) the new interest me oo my loan as of the Change Date; (ii) the amount of my toonthly payment following the Change Date; (iu) any additional matters which the Note Holder is required to disclose; and (iv) the tick std telephone numbu of a person who will answer any question 1 may have regarding [he noel«. CHAR(:fB; LIENS Ut(iform Covenant 4 of the Security Instrument is amended to read as follows: 1. Ciarp; IJeas. Borrowtt shall pay all taxes, assessments, and other charges, fines and impositions attributable [o the Property which tray attain a priority over this Security Instrument, and leasehold payments of ground rents, if any, in the manner provided under paragraph 2 htttof or, if rent paid in such manner, by Borrower malting payment, when due, directly to the pay« thereof. Uorrower shall promptly furnish to Lender all notices of atnouots due under this paragraph, and in the event Borrower shill matte payment dirxtly, Borrower shall promptly furnish t0 bender receipts evidencing such payments. Borrower shall promptly discha[ge any Gen which has priority over this Security tasuvmept; howevsr, Borrower shall not be required to discharge any such lien so tong as Borrower. (a) shall agra is writing to the payment of the oWigapon..seeured by such Ike in a manner acceptable to lender, (b) shat in good faith contest such Grn by, or defend against enforcement Of such Ilea in. legal proceedings which in the opinion of Lender operate [o prevent the enforcement of the Iirn or fwfdtme of the Property or soy part thereof; or (c) shall secure from the holder of such Gen an agr«ment in a form satisfactory to Lender subordinating such Gen to this Security Instrument. if Larder detttmiaes that all or any part of the Property is subjat to a lien which may attain a priority over this Sootily Lttstrument, Lender shall-give Borrowtt a malice idrntifying such lien. Borrower shall satisfy such lien or take one or more of the actions set forth above within ten days o: the giving of the notice. C.. NO7IC6 Ltajfomt Coveatmt 14 of the Security Instrument is amended to read as follows: 11, Ma(ioe. Except for any notice required under applicable taw to be given in another manner, (a) any notice to Borrower provided for in this Security lastrument shall be given by delivering it or by maUing it by fast class mail to Borrower at the Property Address or at such other address ab Borrgwtt may desigtutte by notice to Lendtt as provided httein, and (b) any notice to Lender shall be given by first class mail to Lender's address 84ated herein or to such seller address as Lender may designate by notice to Burrower as provide! herein. Any notice provided for in this Security Instrument shall be deemed to have b«n gluon [o Borrower or l.,ender when given in the manner deaignared herein.