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<br />84-; 002496
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<br />ADJUSTABLE RATE RIDER
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<br />THIS ADJUSTABLE RATE RIDER is made this 3rd day of May . 19~.
<br />and is inc<>rp<>rated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (lbe "S<curity
<br />Instrument") of lbe same dote given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note to HOME FEDERAL
<br />SAVINGS. LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") ortbe same dole (the "Note")
<br />and covering the property described in the Security instrument and located at:
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<br />4246 Vermont Avenue, Grand Island, Nebraska 68801
<br />--------~-
<br />(Property Address)
<br />The N..... COIIIIli.. pro_ oUowl.. ror duI.... ia lbe hi_I rale, rr lJoe I....... ..""
<br />1_, lhe ............ _Illy ...._ts ..W he ldper. If.... Ia........"" ~ lIoe
<br />Borrower'. .....11lIy 1NI,_ts win Joe 10......
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<br />4. INTEREST RA TE AND MONTHL Y PA YMENTCHANGES
<br />(A) C~DIIt..
<br />The interest rate I will pay may change on the 1 c; t
<br />on that day of the month every , ,,- months thereafter.
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<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the S<curity Instrument. Borro......tender
<br />further covenant and agree Oi.') fenoW's'
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<br />A, INTERFST RAn: AND MONTHLY PAYMENT CHANGFS
<br />The Note pro\o1des for an initial interest rate of ...l.L-_ %. Section 4 of tbe Note provides .for challJes-jn thejDten:st:ratC;'-"'i~~-';'-
<br />monthly payments. as ColloM:
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<br />(a, The 1_
<br />Beginning With the fint Chatlile Date, my interest rate will he based on an "Index," The Index is the weekly averap~yield~on Unitod~sr-,
<br />Treasury ,"",urities adJu.ted to a constant matunty or em" year., Wi mad~ available by the Feden! Reserve Bou<L~ The IIlOIt
<br />recent Index tigute available as or 45 do~.. before each Chanie Dale is called ~he "Cutrent Index,"
<br />I r the Index is DO 10"- available, the Note Holder wm choose a new index which is ba.<ed upon comparable information, The NQleHOIder
<br />win givt" me nOl1(."e of its choice.
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<br />(0 C......_ofc--...
<br />Bclore each. Cbana,e Date, the Not-e Holder wUl cak;ulalC' my n~ i-nt<<est rate by add.ina
<br />~~_.___~_, "") to the Current In<kx, and round;n. to the neatest I/go;;"
<br />on this loan wiU be 00 less than 9 . S ___ f1o. The mwmum interest rate on this loan will be no
<br />The Note Holder will then deternune tbe amount or the monthly payment tbat would be sufficiattlO repay in
<br />expected to owe 00 the Ch:ar~ Date i-o $ubsumtially ~ua! payments by the maturity dale at my new inter-cst ratt',
<br />will be the c.c-w amount of my monthly payment.
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<br />(0) Effoetl... Dook or (:u.,..
<br />My new intet..t rate will become effectIve on each Chatlile Date, I will pay the amount or my new monthly payment betinnio& On the firsl,
<br />mon~hly payment date after the Chatlile Date until the amount of my monthly pa~menl chanaes qain,
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<br />(E) No/lft 01 C__
<br />The Note H.o1det v.tu mail or deliver to me a notice before: each Chanae Date. The notice will advise me of:
<br />(i1 tbe new interest rate on my loan as or the ('hang. Dale;
<br />(ii) the amowll or my IllQOthly payment r ollowing the Chanllt Date;
<br />(ib) any additioual matters which the Note HoIdet is required to disclose; and
<br />(iv) the liti~ and telephone numba' of a person who will answer any qUOJ.tion I may have rqardina the notice.
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<br />B, CHAIlGI:S; LIENS
<br />Uniform Covenant 4 of the SeL"Urity Instrument is a..onended to read as follows:
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<br />4. CMqaos;........ Bortower shall pay all taxes, .........ems, and olher (hOlgOS, tines and impositions altributable to the Property which may
<br />attain" priority o'er this Seculily lnSUUmeDl. and leasehold payment> of ground rents, if any, in the mantler provided undet paroar'" 2 heteOf
<br />or. ir ttO!. paid in such manner, by Borrower making payment, when due. directly to the payee thereof, Borrower sball promptly furnish to
<br />Lender all notJces or amounts due under this paroar"ph, and In tbe event Borrower sltall make paymenl directly. Borrower shaiI promptly
<br />furnish to lender receipt.$ e\idencing s.uch. p8.)'ments< Borrower shall promptly discharae any lien which has priority over this Security
<br />lnatruroenl; however. Borrower shall not be: requm:d to disdultle !'lUY s.uch lien so long as Borrower: (a) shall wee in wrilina to the payment of
<br />the obIlptioo sccuted by' s...."fi lien ill a manaer ac<eptable 10 Lender; (hi shall in good faith contesl such lien by, or defend qain.unforcemenl
<br />of su<h lien ill, Iepl proceediup which in the opinion of Lender operate to preven; the enforcemenl or the lien or rorfeitute of the 'Property or
<br />any t>>It ~hercof; or ((;1 shaU secure- from the bolder of sUl:b hen an aa.ree.mc.ot in a form satisfactory to Lender subordinatlO1 such lien to this
<br />Security IMtr_L
<br />If l.aldt1 detenninet. tbal all Of any part of the Properly lS $ubJed (0 a lien whidt may anain a priorllY over lhlS Security lnslfument. Lender
<br />tW IJ\'\t 6or-t~U a lk"llkc tdtfi(lfytn~ ~ch hen, Borrown s.hall sa.tisJy sU\:h j~n or take on" or more of the action5 set forth above Within ten
<br />da)$ 01 the ilviDfOr tbe ll<lli<e.
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<br />c, Nana:
<br />l,JIllltmll C-"l14 <>1 the SeI.'Urity llUllun>ent '" .mended to read .., Collow.:
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<br />.-4.. N..... e~ fQT ilill)' ~ rcqu;irC!d undet applicable hlw 1(.) be Ii,,'eu fn liU1Qt,bef mamle't. ,.) IUW Ol,."lltC(' to lktrroweJ: p_f'ovided ('or in thl~
<br />~")' hutfVmlt\l thall be liv~n by ddi....et'i".. it Qr by maillq il by fint cias3 malJ to- Bor:r-owl!'f IU tbe Propert)' Adaten Of III !iu,h other address
<br />at lkr'frotr'C't ma.y daiJtMtt: b,.' notit."e: to Lender 1M pn.w-ldtd benin. and tb) -.ny nonce H) l.endt::r ~ha11 be- gt"''-t:'tl b~' first daJ;s nuut w Lendef'~
<br />MlddteH.tl~ btt~ w to ~Ofhet .add<<tnu Lendn -iti.ayooipueby notk't" to8orruwer ~h ph>\'ld-ed herem. Any fl-('t.K:-c- ':'If-\)Vl-dt<i tor Ulihl!!
<br />~'uy hmf-Ut'twAl Wlatt bit ~ H) i}aV<' ~ .ivt'o to-tknr-oW'et Of. l.fll:ndt:r "'~fl .wen in tne mannK.r ~~iPt.Yued het~n
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