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<br />ADJUSTABLE RATE RIDER
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<br />84 - 002917
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<br />THIS ADJUSTABLE RATE RIDER is made this 30th day of May .19~,
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trus~, or Deed to Secure Debt (the "Security
<br />Instrument") of the same dategiven 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") of the same dale (the"Note")
<br />and -covering t.he property described in the Security Instrument and located at:
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<br />724 West 17th Street. Grand Island, Nebraska 68801
<br />(Property Address)
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<br />....... Nolo coetJli.. pro_ .umn.. for c~_ i. tile i.t...... rate. If tIM 1._ rale
<br />i_, tIM Borro_'s _Illy ...._.. will lie hi...... If tIM 1._ note __. tIio
<br />Borro_"IIlO.dIIy ...._11 will lie 10_,
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<br />ADDITIONAL COVENANTS. In addition to the covenant and agreement' made in the Security Instnmtetlt; Borrower and tender
<br />further covenant and agree as follows:
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<br />A, INTEREST RATE AND MONTHLY PA YME!I/T CHANGES
<br />The Note provides for an initial interest fate of 11 %. Section 4 of the Note provides for changes in-the interest-r_--alkt:ttie:'
<br />monthly payments, as follows:
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<br />4, INTEREST RA TE AND MONTHL Y FA YMElv r CHANGES
<br />(A) 0.-.0....
<br />The interest rate i wili pay may change on rhe _ 1st day of J U[le . 19-~. ..r
<br />on that day of the month every 12 months thereafter. Each date on which my interest rate could changeis called-a "~IJiMe;~'
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<br />(Il) TIM 1__
<br />Beginning with the first Change Date. my interest rate wiU be based on an "lnde_1(. " The lnda is the weekly ave:rqe yieId-OD-UniteitStatel_;>
<br />T.....ury securities adjusted <0 a constant ...,urity of one y...... as made available by the Federal Reserve Board. .......-
<br />recent Index ftgure available as of 45 days before each Change Date is called the -'Current Index. If
<br />If the Index IS no longer available, the NOle Holder will choose a new index which is based upon romparable informarion. ThcNOleHQIdCr-
<br />will give me nono: of its choict'.
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<br />(C) C_... of c-....
<br />Before each Chlltllle Date, ,he Note Holder will calculate my new interest rate by adding two and one-hal f pm:eIllalCJ!QiJItI
<br />( 2 . 5 _ '" I ro the Cunent Index, and rounding to the nearest 1/8"'. The sum will be my new interest rate, Thcminimlltll inlen!afrate.
<br />on this loan will be no less than . 9.5 .,.. The ttWlimum interest ra~e on this loan will be no more than 14.5 ...
<br />The NOle Holder ..ill ,hen determme the amount of the monthly payment that would be suIficien~ to repay in full thePrinc:lpU 1 am
<br />~ted. [0 owe on me Change Date in substantia.U:yequal payments by the maturity date at my new interest ratt-. The result of thi$.,caIcuIatioIl~-
<br />",ill be the new amount of my monthly payment.
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<br />(D) Effectl... Dale '" C__
<br />My new interest rale will become effective on each Change Date, I will pay Ihe amount of my new monthly pa)'ttler1l bqiJuliDaonlbe,fust
<br />monlhly payment date arter the Change Date until the amount of my monthly payment changes apin,
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<br />(E) N_ol~
<br />Tht" Note Holder will mail or ddiver to me a notice- before each Ch.anae Date. The: notice will advise me- of:
<br />(i) the new interest rate on my loan as or the Chanse Date;
<br />W) the amoun~ of my mon~hly payment following the Change Date,
<br />(iii) any additional matters which the Note Holder is required to di,dose; and
<br />(ivl the title and telenhone number or a person who will answer any question I may have r.....dillll the notic:e,
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<br />.. CHARGES: l.IENS
<br />Uniform Covenan.t 4 of the Security Instrument is amendtd to read as follows:
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<br />.. t........;~, Borrower shall pay allt...., assessments, and other chat...., fines and impositions attributable to the Propeny which may
<br />anain a priority ovet this Security Instrument. and leasehold payments of ground rents, if any. in the manner provided under parqrapb 2 hereof
<br />or, ir not paid in ,uch manner, by Borrowet malting payment, ..hen due. directly to the payee ther...f, Borrower ,haIl promptly furnish to
<br />lender aU notices of amounts due under this par.....aph, and in the event Borrower shall malte payment directly, Borrower shaIl promptly
<br />furnish to Lender receipt.! evidencing su~b pa)'ments. BoTTOW-e; shaH promptly discharge any lien which has priority over this Security
<br />...............t; however. Borrower shall not be required to discharge any ,uch lien so long as Borrower: (a) shall agree in writing to the paymen~ of
<br />the obliption secured by such lien in a manner acceptable to lender; (bl ,hall in good faith contest such lien by, or defend apinst enforcement
<br />of such lien in, lepl proceedilllS which in the opinion or lender operate to prevOl'tthe enforcement of the lien 01 forfeiture of the 'Property or
<br />lID)' pan thereof; Or (e) shall securc rrOOl the holder of ,uch lien an agreement in a rorm ..tisfa<~ory to lender ,ubordinating such lien to thi,
<br />Sc<writyInsuumeru. '
<br />If Lender deI.ermi.Qes that all Of any part of the Propert)' is subject to a lien which may attain a priority over this Security instrument. Lender
<br />"'lli~ DonOWCf a not.kc identirying -such lien. Borrower shall satisfy such hen or take one or more of tbe actloni set forth above within ten
<br />daf$ of tbe s1villll of tbe notice.
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<br />C. N011CIl.
<br />Uaif_ Cn_l 14 of the SecUlity Instrument is amended to' rcad as follows:
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<br />t4. s.... J3x-<:c-pt fOf aoy notlce- rcquit<<l under applicable-law to be given in another manner. (8) any nOlic-e to Bonower pro"'ldcd for in this
<br />Security btstl'Ument !In.11 be gtv<<t by deUvcri.nc it Of by mililiDl it by fif1t cla.u mati ro BorroWCf at the Property Add~S$ (If at such other addreu
<br />u BotnrWct may ~Ui by ~~ to l..e:ndet -Ii! prQ\'ide(i htwetn. and (b) any nol-Ke- to Lender da:ll be gJ'\!t'fl by finl dau mad to Lendcl' ':\:
<br />~-StaI,cd hett'.inor U),'>Kh-m~ l\4d.tCfS8M t.wdeJ- tnilydatgnau: by uot-i(."(' to Bono'Wef iU IJfOYidC'd her1l:Hl, Arly notke- pl't'tVlded f-Ot 10 this
<br />~:~ld1}' h~Wwnw:J stUNt bt ~!.o !Ml\ol~ ~ gj"'~ 1.0 lJQfWWef {'tf I.(!uder when !liven m f-he manner de!ilfl~lCd h-cr-rio
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