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I" 83-llO6802 ADJUSTABLE RATE RIDER TRISAD'1iJSTABtERATERIDEJl.is1l1alkthis .29th day of .. . nprpmhpT' ... ~,19~, lIIid'is~intotilldshall""lIOe1l1td tollllletid alldsuppJementlhe Mortgage, DeedofTrust, or Deed!o Secure ~t>r(the"sec~tY ~t"')";ftheCliainedategivenbYtheuhder.rigned (the "Borrower") to se=eBorrower's Adjustable Rate NOlelo~t,teFEDeflAL: SAVINGS'.: LOAN ASSOCUmOlt OF GRAND . ISLAND. . NEBRASKA (the "Lender") of the same dale (the"l'Iote!') alld covering..the property described in the security Instrument and located at: 4221 Nordic Road, Grand Island. Nebraska (Property Address) ~ Noteeoallliu pro'risloasallowiDg forcn..... ia.I"" ia_rate, If the i_t.rate iDm!iDes. the BorroWer'. mDllthlypa_l$wID belJlPer. If lhe in_ rate ~, the Borro...... monthly payIMDl$ wID be i........ 68801 ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Securil}' Instrument, Borro'Verand Lender further covenant alld agree as follows: A. lNTERESTRATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11 ~. Section 4 of lhe Note provides forchanges in the interest rate and the monthly payments,as foDows: 4. INTERESTRATEAND MONTHL Y PA YMENTCHANGES (A) CliiHlpDa1a Theintetestratdwil\paymaychangeouthe 1st day of February _,19ll5-.and on !bat day of the month every. 12 months thereafter. Each date on which my interest rate could change is called.. "Chang.e Dale." (8) TIIe.- Beginning with the flJ"$! Change Date. my interest rate will be based on an "Index." The Index is the weekly average yielll nil United Stales Treasury seeuritiesadjl!Sted 10 a constant maturity of nnp years, as made available by the Federal Reserve /31:>ard. The most recent Index y".....,availabkasof45 days befon:each Cbang.e Dateis called the "Current Index." If the Index is no longer available. the Note Holder will choose a new index which is based upon comparable information. 1'be Note Holder will8ive me notice of its choi<:c. (e) CalaIIatloIIofClautaes Befon:each Change Dale, the Note Holder will calculate my new interest rate by adding ..J:.wU_l1nrl nnp_h" 1 f percentage points . ( 2.5 "It) 10 the Current Index, alld rounding to the nearest 1I8~. The sum will be my new interestrate. The minitJlum interest rate on this loan will be- no less than q S '10. The_maximum interest rate on this loan will be. no more than ~ GJo. The Note Holder will then determine the amount of rhe monthly payment tha, would be sufficient to repay in fuU tM principal 1 am ""P""led to owe on the Change Date in substantially equal payments by the maturity date at my new interest rate. The result of thi. calculation will be the new amount of my montbly payment. ~ EffectiYe Dale of CIautaes My new inl<<est rate will become effective on each Change Date. I will pay ,he amount of my new monthly payment beaiJluing on the first monthly payment date after the Cbattg.e Date until the amount of my monthly payment changes again. (E) Notice of CIautaes The Note Holder will mail or deliver '0 me a notice before each Change Date. The notice will advise me of: (i) the new interest rale on my loan .. of the Change Date; (il) the amount of my monthly paymenl following. the Change Date; (til) any addition.allll8ttdS which the Note Holder is required to disclose; and (iv)the title and tdepbone number of a person wbo will answer any question I may have regarding the notice. .. CHAIIGJl8~ LIENS UnIform Cov_t4 of the Security In.strunleIlt "amended to read as follows: .. q.q.;....~rowersllalJ pay an laX... _ments. and other charaes. fines and intpositionsattributable to the ProJlC!1y which may .,.,priotity over this SecuriIY Instrument. and leasehold payments of ground rents, if any. in lhe manner provided under pAtagrap/12 hereof 'OI'.,ifOl!<!t..-klil! sudllll8DDl'f:, by Borrower DllIkinI paymenl. when due, dlrectiy to.the payee thereof. Borrower shall PrOUlPUy furnish to l~ aU.~ <if ~ due~ tItls ~h, and.in the event Borrower shall make payment directiy, Borrower .hail promptly ~lO;,~r=ipts evidencitlg sucb paymeau. Borrower shall prompUy discharge any lien which has priority o~et this Security .~~..Borrower $/IaII1!<!t be requiredtodlscltarll" any such lien so long as Borrower: (a) shall agree in writb1aIIJthe paymenl of ...~~.dOl1 ~bySuchlielt.in a manner acceptable to.Lender; (b) shall in g.ood faith contest such lien by, or defend ~t enforcement of,.~ ~~~ Which intheopiJlion of Lender operate to prevent the enforcement of the lien or forfeiture ot the 'ProJlC!1Y or .,.~ ~;.or(Q.$haB~ from the bolder of such lien an agreemenl in a form >atisfactory 10 Lender subOrdinatilJll such lien to this .~~. If~,~_allor any pan of the Property iHUbject 10 a lien .which may attain a prioriI}' over Ibis Seeuril}'~tl'UlDent. Lender .....'~.l'llOlll:c ldCI!tlfyin&.such lien. Borrower slWl>atis!y such lien or take one or more of the actions set fOttl> .bove within ten .q{UII\~~f,dlo~, c..~.. ~~J4q{dlo~ty~lloallteQded tor'*<lll$ tQllows: ..........tl...Iiitt.~fot~ ~.~... ~tawto beliV<lllin aaotha manner. (a) ""y notl....IO Borrower W4vkied for in thj, ~~~".a-'"~!totll)'llllfilIn&ttl1yllr1t_l1WllI> ~ aub<! Properly Address or atotlCb other ~ ..~_.I".,I..ttby__l\)Utldet-~bAn.and (b) AllYDO!iee to Lender.baIl be ai_by fir.t cl.... lIl.u to Lender', ...~....OfU)--............td!lIo!r'lllilf~ey llCliq,o llOfro_.. pt<lYid<<l benin. Any notice w<widedfor in this ~~t<baIl""'t(l~~IiV<lII1D""_(lt L<<t4er""'""'''veIl "'the _ desi~ !lmin.