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<br />ADJUSTABLE RATE RIDER
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<br />84- 003470
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<br />THIS ADJUSTABLE RATE RlDER is made this 29th _dayor _----1.uillL-___, 19-::BfL.
<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 dale given by the undersigned (the ..BOrrower") to seCure Borrow-efts Adjustable Ratt' Note to - HO,ME FEDERAL
<br />SAVINGS" LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") or the same date (the "Note")
<br />and covering the property described in the Security Instrument and located at:
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<br />2120 West 11th Street, Grand Islan~ Nebraska 68801
<br />-------------------'---(j>;"operty Add;es.)
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<br />The Not. contains provlslons allowing for changes In the Int....t rate. If th. Interest rate
<br />increases, the Borrower's monthly payments -wnl be- higher. If the interest rate decreases, tbe
<br />Borrower's monthly payments will be tower ~
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<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Borrower,and Lerider
<br />further covenant and agree as follows:
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<br />A_ INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of ~_ OJo. Section 4 of the Note provides for- changes- in the-inferest-.rate'an,(iJie->-;:
<br />monthly payments, as follows:
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<br />4, INTEREST RA TE AND MONTHL Y PA YMENTCHANGES
<br />(A) Cbang.Dates . ....... .,.,'.,:
<br />The interest rate I will pay may change on the 1 ,.:;t day of AIIIJII~t . _ _ , :. 1-~;_,:_'~_~~~' _-;~~~::',:,-:~
<br />on that day of the month every 1 ') months thereafter. Each A!\te on which my interest rate could change is called a-:HChange_Dat,e;~.~> - .
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<br />(8) The Inllex
<br />Beginning with _the first Change Date, my interest rate \\ill be based on an ., Index, tt The Index is the'weekly ave:age yield'_on_'Uiiit#__:~~tilt~:::;_
<br />Treasury securities adjusted to a constant m'~turity of cmQ years~ as made-available by the FederalRes-erve -Bd8rd~' _Th.e~n;::U.st-' ,-
<br />recent Index figure available as of 45 days before each Change Date is caHed the "Current Index. 'I
<br />1 f the Index is no longer available. the Natr Holder will choose a new index which is based upon comparable informa.tiori'~ The,No_te"H~clci-:>
<br />will give me notice of its choice.
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<br />(e) Cak"latioD of Changes
<br />Before each Change Dat., the No.e Holder will calc'Ulat. my new inter... rate by adding _ two arid one-half perj:el1lag~'pOfu~,
<br /><-~:3------ 0;0) to the Currenllndex, and rounding to the nearest l/8OJo. The sum will be my new inttrcsuate.The minimUJ11 ~~er~~~'.ra~e-'
<br />on this loan will be no leM than _"g.....5.-_,_~_.%. The maximum interest raf.e on this loan wiD be no more than ~/I, 5 n _ _ -,: ~'::
<br />The Note Holder wHl then determine the amount of the monthly payment that wouJd be sufficient to repay in full.--t,be>prinQpat:l 'am-
<br />expected to owe on the Change Date in substantially equal payments by the maturity dale at my new interest rate. The-result ,of this-calCulaQ.~;'
<br />will be thc new amount of my monthly payment.
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<br />(D) Effeellve Dale or Cbanges
<br />My new interest fate will become effective on each Change Date. J will pay t.he amount. of my new monthly payment begi,nnmg:on,the::firit,
<br />momhly payment date after the Change Date until the amounl of my n10mhly payment changes again.
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<br />(E) Notice of Chang..
<br />The NOte Moiuer wiH fiutiI Df deliver to me a notice befon: each Char.ge Date. The nmice will advise me of:
<br />(i) the ne"" interest rate on my loan as of the Change Dale;
<br />(ii) the"amoum of my monthly payment following the Change Dale;
<br />(iii) any additional matters which the Note Holder is required to discl-l..")Se; and
<br />0\") the title and telephone number ,ot a person who wiH answer any ques-uOll j mdY iwvt: reganl1ng Ule,noti'..'e.
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<br />B. CHARGES; UENS
<br />Uniform ,Covenant 4 of the SecuritY Instrument is amended to read as follows:
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<br />4. L"ha..~; LJens~ Borrower shall p.ay all -(axes, assessments., and other charges. fines and impositions attributable to the Property which may
<br />attain a priorit)' over this Security Instrument. and leasehold payments of ground rems., if any ,in the manner provided uDder paragraph 2 bereof
<br />or~ if not paid in such manaer, by Barlowe! nUlling payment. whc:n due. directly to the payee thereof. Borrower shall promptly.furnish,to
<br />Lender aU notices of amowll.s due under this paragraph~ and in the eve.nt Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Le-uuer receiptS e'\'idendng &uch paymentS., Borrower shall promptly disdUlrge any lien which has ,priority over this Security
<br />Instrument; however. Borrower $hall not be required to discha.rge any such Hen w 101lg <Ui Borrower: (3) shall agree ,in writing to the payment of
<br />the obligation secured bj' weh lien in a manner acccptabit' to Lender; tb) shall in go()d faith (,ontest such lien by, or defend against enforcement
<br />of :1uch hen in. i_Clal prfN,..,<<,dings whkh in the opirl1oll of Lender operale to pr~\,'(nt [he enforcement of the lien or forfeiture of the 'Property or
<br />4n}- part toere-O-f; or (c.) 'i-hall sccur-e frorn the holder of such lien an agreement i.n a form sali-'ifactory to Lender subordinafing such lien to {his
<br />Set'Uri-t)" insnume:_ut
<br />If,Lcnder: dctefmi~ that aU or ~flY pan of 'the _Propert)' IS ~ubject to a lien Whll,;h may attam a prhJrity over rhi:i Scl.lJ.ril)' In.su-ument, Lender
<br />iba11 give' tkm-Qwc-t a notice identifYiu-t\. mch hen. Borrower :\hall .~ausfy itlid, her. OJ_ Ulke- (.1nl:; or mOrt: of the a.ctiol1.,\- I'd forth above wtthin ttn
<br />da)~-DJ rbe giving of the notice,
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<br />(', NonC.:
<br />Uniform COV~nan{ 14 of!tu; St-I::uri-ty }n.struruem i~ ;Jtnitlldcd tu read.a~ foHO\.n:
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<br />.4. 'utk't'_. El\":('l!i ft,)( ~.r.\y nOik( f-i;:'-q~~hw u:nQ('t .'i-pphca\:!k i-a... !;:o' be gi~,t'"n H\ a1:lD~h(:r m.d.mH0, Vl): ;i.r.y nOt;ice- hl Boo'ower pr()'l-ttied fe'l in thi_If
<br />~Uf!f.y lru.tnHut:''fH 'i_tl4H bit if,-!:_u by de,h"'('f'i-ufil H l.'1f b, n-uuhng It by Ilnr ;Ja5,~ fl!(li11Q ft'J-l";'OweT ;)( the Prupcrt", .-\<1dr~)\ ;)1' ~J.J: ,su("h ol.her .J,iJJ:re~
<br />.t\ &'H._~~'Wet'- itH!:}-' de>;!gr~~t hllWI~~;4 In LerN:k:r S&~ pr'J'"id:Cij h>':'ft"--ltl, i:dJd (N ltr.;. nutk~_ i enJff ~h.aU be ,g;V';-J1 by fin! da3~ mad Lcnd_tt',
<br />~f1;H ~-~~t;o~~i hCfc\H m .'Jet: ;.')th& ;,i.jdfe~,~ "'-1, L~t!;kr tIJJl)' de\l~n;jw':/)), -fH:;fiv,t ti,' t~x::-GW~~1 .lj; f'wv,d't"d h.<.'r~H'j., i\H) ;:,r,_;,~itkd !(H in dH:;,
<br />~1."-:+1-;;',) b:c,-""f<_l-tHi':.ti-( 1-b0\.n t~: j-et::'-f1',t'} ~-\~ ~iii'-H; !-~tt;'i .8-~vt-n H;r tlO~'t:,,,w1;r -,;,--ht~.H ~lH,"n m~.Dr\i"1 -J("._,~.n:.iL,J itt',,'-;n
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