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<br />84- 003570
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<br />ADJUSTABLE RATE RIDER
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<br />THIS ADJUSTABLE RATE RIDER is made this 5th day of July ,19~,
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security
<br />Instrument") oflhe same date 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") of the same date (the "Note")
<br />and covering the property described in the Security Instrument and located at:
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<br />4nnR Frlnrl nri\/Pr r,r~nrl T~l~nril f\1.phr~c::.k~
<br />(Property Address)
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<br />The Note contains p!'ovisions allowing for cbanges in the interest rate. If the interest rate
<br />inereases, Ihe Borrower's monthly paymenls will be higher, If the Interest rate deer......, lhe
<br />Borrowtr's monthly payments wilJ be lower.
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<br />RARnl
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<br />ADDITIONAL COVENANTS, In addition to the covenant and agreements made in the Security Instrumenl, Borrower and Lender
<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 1 i %. Section 4 of the Note- provides for changes in the interest'rate-a.."1d the
<br />monthly payments. as follows:
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<br />4, INTEREST RA TE AND MONTHL Y PA YMENT CHANGES
<br />(A) Change Dates
<br />The interest rate I will pay may change on the ] st day of
<br />on that day of the month every 12 months thereafter. Each date on '
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<br />, : '11 my interest nite could change is-callcita -.uCh~ge:pale~-~~
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<br />(B) Tbe.lodex
<br />Beginning with the fITst Change Date, my interest rate will be based on an "Index," The Index is the weeldyave.dge yield onUni~.~~~~f:
<br />Treasury securities adjusted to a constant matclitj of on!? , years, as made available by the Federal F..'~rve -_Bo~d~_,.:~:7_'~_~- "
<br />recent Index figure available as of 45 days before each Change Date is calledtbe "Curren~ Index," '.' . '. "':.,' ':..:
<br />Ifthe Index is no longer available, the Note Holder will choose a new index which is based upon comparableinformatiou;,The'j\joteJ,l'1I~Ci
<br />will give me notice of its choice. -
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<br />(C) Calculation of Cbanges , , . , ,." ", ,>;.,X;: ;,1
<br />Before each Change Date. the Note Holder will calculate my -new interest, rate by adding t'lIf? ~rd nllo~h:=l ~~T-_ , ~'?-:~~~~~~,~:--~'-- -.: ~
<br />? c; 070) to the Current Index, and rounding to the nearest 1/8 0J0. The_sum will be my new, inh~rest rate.; Th~ ~~l;UD::~:~~,~J-~~t~;-'_.._ ,--,'- - ,- -.' '-:~;-~:i
<br />on this loan will be no less than Q C; '10. The maximum interest rate on_ this_ loan_will be-no,_more_than----, -,;:" ~- ~,:)_:;o~(,:5;/'~:-',':-< ,:'~-:;/~of):.~~:.--t-:,---
<br />The Note Holder will then determine the amount of the monthly payment that would be suffici.entto repaY:infulJ'tI1e:R:~Jllll'I:.~~~.:':':: ,,'
<br />expected to owe on the Change Date in subMantially equal payments by the maturity date at my new interest rate; The: resW.t'o(~i:~~~!l;'~;?-=-
<br />will be the new amount of my monthly payment. . '
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<br />(E) Notice of Cbanges
<br />The Note Holder will mail or deliver to me a notice before each Change Date, The notice will advise me of:
<br />(i) the new interest-rate on-my loan as of the Change Date;
<br />(ii) the amount of my monthly paymen~ following/he Change Date;
<br />(iii) any addilional matters which the Note Holder is required to disclose; and
<br />(iv) the title and telephone number of a person who will answer any qU,estion.I may have regar9ing-thenotice,.-
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<br />(D) Effective Date of Cbang.. ' , , ."
<br />My new interest rate will become effective on each Change Date. I will-pay the amount of my new monthly payinentJx~8!._~'5:f _-'_ ~
<br />monthly payment date after the Change Date until the amount of my monthly payment changes again. '
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<br />B, CHARGES; LIENS
<br />Uniform Covenant 4-of the Security Instrument is amended to read as follows:
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<br />4, Charges; Ueos. Borrower shall pay all taxes, assessments, and other charges, fines and impositions attribl1tabletOthePro~I'!1>>~'~;;':;>
<br />attain a priority over this Security Instrument, and leasehold payments or ground rents. if any, in the manner provideclUndllf~pl:r2~et",f,::; ',' ;;.if:
<br />or, if ,not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. BorrOWer shaU,pr()IJ1Pt/Y'(~'.:t6;;o ';,
<br />Lender all notices of amounts due under this paragraph. and in the event Borrower - shall ~ake payment directly ~ ',BolTQV'er:::#J#1ll.~~pr~~J_~:_ ' :~:,;:~~~~
<br />furnish to Lender receipts evidencing such payments, Borrower shall promptly discharge any lien whiChhasPrioritYoverth~'~il.>'r
<br />Instrument; however. Borrower shall not be required to discharge any su~h Hen so long as Borrower: (a)_shall :8gree ~n._~ti:fl&Jo-tge"p~~~;~-~r"-'
<br />the obligation secur.,.! by such lien in a manner acceptable to Lender; (b) shall in good raith contest such lien by, or def~ndagaiosre'!XOr~t.,
<br />of-such lien,in.legal proceedings which in the opinion of Lender operate to prevent the enforcement of thelien or fo~feiture ofJhe)Jrq~y or
<br />any,part.thereof; or (c) shall secure, from the holder of such lien an agreement in a form satisfactory to Lender subordiJ,1S.ting:,s~Ch-1ien>-to-:this
<br />Security-Instrument.
<br />If LenQQ" determines that all or any part of the Property is subject to a lien which may attain a priority- over this Security Instrument. Lender
<br />shall ~ve BOrrower a- notice identifying such lien. Borrower shall satisfy such lien or take one_ or more of the actions set forth aiJ,ove wi_Wn ten
<br />days,of the giving of .the notice.
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<br />Co NOTICE
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<br />Uniform Covenant 14 of the Securily Instrument is amended to read as follows;
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<br />14. Notb. Except f-or any notice required under applicable law to be ~iven ill another manner. (a) any notice to Borrower provided for in this
<br />Scx.":\1r,il:r lns-irumcnl shall be given by delivering it or by mailing it by ,first class mail to Borrower at the' Properly Address Of at such other address
<br />as Bort-ower may dt$ignate by notice to Lender as pwvided herein, and (b) any notice to L~nd-er shan be given b)' first class mail to Lender's
<br />addre-55 jiat~d h~u:ill OJ" to ~u;,;h other addrcs.:;. as Lend.er may designate by l1,otl\:.e 10 Horn:'Iwer R~ proVided herein. i\ny OOlite provi~ for in this
<br />Sc{,"urlW- InStrument ~haH be deemed H) have b<<:n jh-'en to Uorrower or Lender when gJ"'t't\ H'j. the manJ1.er Jcsi,gnalt.-d h(::tcin.
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