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<br />ADJUSTABLE RATE WDER 84 ~ U0226g <br />THIS ADJUSTABLE RATE RIDER is nude this Goth ~yop L;pril ,(9~y,_, <br />and is incarporued inta and atoll be iteaned to stated atW supplement the Mortgage, Deed of Trost, or Deed to Secure Debt (the "Suavity <br />Instrumen[") of the same date given by the uttdasigned (the ' `Borrower") to secure Borrower's Adjusubk Rate Note to HOME' FEOERAi <br />8AYIN05 i LOAN AfgSOC1ATWN OF GRAND ISLAND, NEBRASKA (the"Lender")ofthesame date (the"Nae") <br />and covering the property described m the Security las[rummt and heated at: <br />R. »}, 'pax 25I, Grano Island, tilebraska 58881 <br />- ------------,_.T (Property Address) <br />The Nose eontaltn aflawlag fern chaag~ M IYe hlslaN tale. If the NlMaal tale <br />ita~aaaea. !k Sarre~ar's waMYy /ayttteeata trig k flfyYrt. if the ialMnM rMe doaaoat, the <br />ioerswarh tesasYly Itgataw wiM 4lawer. <br />ADDITIONAL COVENANTS. In addition to the covenant std agramenu made in the Security Invrotoeat, Harrowa`~mtd Lender - <br />further covenant and agree as fol4ovrs: <br />A. INT'ERES'T RATE AND MONTHLY PAYMENT CHANGES <br />The Next provide for an initial interest rate of ..i __`. re. Section 4 of the Nee provides for change in the interest rise and9he'- <br />ntdtthty payments, as follows <br />a. f,YT'EREST'RATF.4.ND AfONTN1. 1" F.4 YAfb.'vT CHANGES <br />IAI ('aaag'eDalea - . <br />The interest rate 1 will pay may change on the _~ ~' day of __ Apri i - 19 85 , aad~ <br />on that day of the month rutty _ _ mantles [tureafier. F.ax:h date on which my mtaest tau could charge is ealied • "ChgnSg-DYG.t° <br />(N T'Yse /tea <br />Bepnning with the firsa Change Date. my tn[erest rue wdl tx based oo an "Index." The Index #s [he weakly average yiew eta Uaipd - <br />Treasury cecuntie adluatW to a constant maturuv of - _. _`~' __ years, as made available by the Federal Reerve Board. The taost <br />reornt Index figure avuiabk u of •S davs before tech C barest Ihte is called the ' `Current laden." <br />i f tM Index [s tto loriga avallabk. the Note Holder wii3 choose a ne: r endear which is bated upon canpatabk information. ThelVnttiEli7ldt <br />wdi give me rrotiez of iu cboitt. <br />iCi CalcWaYoa at Cyaagts <br />Before each Cteange torte, [he Ntxe Holder will cdcuiate my reeve interest tau by adding ._,_, two and ant-teal f pertstyepoiab- <br />(_______ ._ ce! to rile C urrmt Irides. and rcrundmg to the neatest t r gwi. The sum will be mq reeve inttxea tau. The mitrmam iNeesl raft <br />un this taan wi11 be tto less [hare .,_____:,__°s. The maximum interest ta[e on this loan will be nw mare than III.S 9a. <br />The Nose Haider wd3 then daertmoe rite amoum cf the monthly pavmens that would be suftident to repay in full the principal 1 am <br />experxed to owe ore the i hange Dtue in subsamtaLly c'4ust paynimts oy the matunry dais a my new iruercst tare. The retdt of this nkrtlatian <br />.rill 6e the new amoum of my monthly payment. <br />(D) Efteeslre fJa4 d Classes <br />My crew interest rate will becsime efietvve an caclt Change [Mee. 1 wt#i pay tIk amuum of my new monthly payment beginning on the 1$N <br />rrionthty payment date site! efee Cbattge tMte until the amount of mY mortthlp payment changes again. <br />t E1 Netake of CTtaagta <br />~TM Note Hokkr still marl or dehvv to me a euultt before each Chary{! Dais. 7~he notice wdl advise me of: <br />ii) the new enterer rate on my lean a+ of the l:hanlte Date; <br />tie) tM amount of my monthly payment futiowlttp the Change Date: <br />Irii) any ntddnnaaal maum whlclt [M Note Hodu a regtarM to diseiosr; and <br />levy tM utle and tekpleoree numixr of a person who w-rl# answer any Question 1 may have regarding the nonce. <br />~. l'NAR(':FS; 4lKIV.S <br />Utdform Covettam f of the Snunty instrument is atttneaed to read a fuitows: <br />~- Qtaegs: LMr. Bortower shall WY all rases. assessments, and other charges, Cores and unpositions attrifwubk to the Property which map <br />attain a priority m-a tha Snvrnty Instrument, and leasehold pavmmts of ground rents, tt any. to the manner provided under puagraph 7 hereof <br />m, tf run pad m such mamtn, lry Borrowu making payment, when due, duterly to the pay« thereof. Borrower shall prompt{p furnish to <br />Leralet ail twtx-es of amtwots due under thss puagraph, and to thr went kksrrower sha11 make payment directly, Borrower shall promMlY <br />ftttuttle to Lettde ravnpu evidmang such prtymcou. Borrawer shall prcmlptiy disehage any hen which has priority truer this Ses:urity <br />Inurttuatt; lsowcver, Borrower shah not be resluued to diseturge any such Iten so lung as iforruwer: la) shall agree u! writing m the payment of <br />the obt[Mtioet sta:teretl by such lien in a irtanreer aoxptabie to Linder: (b) shall to gwd faith contest such lien by, or defend against enforermenl <br />of such lien in, legal prraceesiings which sn the aptnigis of Lenster opuau to prrvtnt tftr enforcement of the hrn or lurfnture ul the Propene or <br />any pnrt Ibtnteof; er fci stall seeure from the habit! of such hen an agreement w a form sausfactwy to Lender subordimung such lirn to this <br />5eetttitp lennrtrtaent. <br />if L.mder tlerrrmetsttt iris[ ail to any part of the Praper~ty rs subfeat to a bets whicA ma> attain a priority over this Security Imtrvment, Lends <br />slrali give BtTrower a tiotrcc idmudytreg sucix Gm. Bunuwer shelf satisfy s:xh lien err take ant w mart of the actwns set earth above wahfn ten <br />days rte flee giving of the tsats:Y. <br />G. NOTN.Ti <br />flegform Cmeaawt 11 al the Sa-uruy tsistrtatrsen[ is ametxinl to read as #uftows. <br />IL !tynR. f'sterept fist any n+xu'r requited ureter applt::atiie law iu nr even rn areWticr mamba, (a) azry rnxt.c to Fkirruwer pravtdM ear vi that <br />yiea.ttrny Itilettament their bt given by dehverfntg a r:+ M rnaduy tf try firs! class tnai to Borrawei at the Ptaperty Addttst o+ at sua~h other asidreas <br />as BntriYwa n+itY desianate by notecx Ia ftndee as provided fsereui, acrd fb# axes clrstcsx rn Lender ..son#1 Etc given by iirxt Mass marl t~• ! rnder's <br />ad@reas .fated tietetii crt ro tacit When eddies aq #..crlrk:r may r-Izltynatr. M acrtur P.~ Borre+rv as pruFSfied hcrtin 'trey n.rine fxovuh] fret tq : hrs <br />~s~irtstr tmar3rmerit d'saii be deeaiert far haze be€rt given tea fkar'rrtwet ter C.€nderr whom g:vcn ir; tnr matuier .k rgriaxeu hrretrs <br />