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<br />~4~1 004085,
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<br />ADJUSTABLE RATE RIDER
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<br />THIS ADJUSTABLE RATE RJDERis made this 27th day or July ,19.lliL-,
<br />and-is, incorporated into and shaUbC-dcemed to amend and sUpplement the :Mortgage. Deed of-Trust, or Deed to Secoh""e Deb~-_(the-~'security
<br />Instrumenl") of the same date given by the undersigned (Ihe "Borrower") 10 secure Borrower's Adjustable Rate Note 10 HOME FEDERAL
<br />SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") of the same da~e (the "Note"f
<br />and covering the-property described 1" the Security Instrument and located at:
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<br />2209 Arruwhead, Grand Island, Nebraska 68801
<br />(Property Address)
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<br />TIte Note contains provisions allowing for changes lntbe lnlerest ral" If IbelDteresl, rale
<br />loereases, thellOrrower's mODtldy payments wHl be blgber. If IbelDleresl rale de<reases; Ibe
<br />Borrower~s montbly payments win be-lower..
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<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in-the Sec-..t.;t'/ lnsuu:;ne.'lt. Bnrrowerand'<Lfmdeil:
<br />further covenant and agree as foUows:
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<br />A. INTEREST RATE AND MONTHLY FA I'Mr;,,'T CHANGES
<br />The Note provides for an initial interest rate of 11 010. Section 4 of the Note provides-.for changes---in~the:interest ra~;-aJid\the.-:
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<br />monthly payments, as follows~
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<br />4. INTEREST RA TE AND MONTHL Y PA l'MENT CHANGES
<br />(A) <::IlanIe Dat.. ' .
<br />The interest rate I will pay maychangeonthe~__ ~ of SPfltpmhpr ._19-"-:H';;:;--'--:-aric:I:.:;:-;:
<br />on that day-of the month every ! '" months thereaftEr. &ten J4te on w~.ich my interest !!!.teCQulrl chan~.i$ ~_-a'-~-~~C:lJat<<:=,~t~~ -.
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<br />(B) The 1_
<br />Beginning with the first Change Date. my interest rate will be based on an "Index." TIte Index is the weelclyaverage yie1donUni~"'1'Sl&t...\. ,
<br />Treasury securities adjusted to a constant malurity of 'Jnl. years, as made available by the Federal,ReservellOard;:~'mosk
<br />recem Index f;gure available as of 45 days hefore each Change Dale is called the "Current Index,"
<br />lithe Index is 00 longer aVllilable. the Note Holder will choose a new index whieh is based upon comparable information, ThcNole!:iOlderJ
<br />will give me notice of its choice.
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<br />((..1 Cakulalioa 01 CJwoaes
<br />Befor<: each Change Dale. the Note Holder will calculate my new imerest rate by adding t'uQ and Qnw h..l f pereen~:J>OinIS,'
<br />(_.2..5-_11/.) to Ihe CUnent Iud..., and rOUnding to the near"~ 1/8%. The sum ",ill be my new inleres~ rale, The mInim\uI:Ilnlcrtot,t1lle"
<br />on 'his loan will be no less ,haD Q:'; '\'0. The maximum interest rate on this loan will be no more than ,1', .' 5 .' ,~.~
<br />The Note Holder will ~h... determine the amount of the monthly payment that would he sufficient to rep.yinfullthePtincipalJam'.
<br />expected 10 owe on lhe Change Date in substantially equal payment' by the maturity da~e at my new interest rate, The to$liIt.of tlii.,eaIculaliQn..,
<br />will be tbe new amount or my montllly payment.
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<br />(0) Effe<tlve Date 01 CllaJI&es
<br />My new inlerest rate will be<ome eff<<live on each Change Date, I will pay the amount or my new mODtllIy paymenl beginning ()II'the'(ust
<br />montllly payment da~e after tbe (1Iange Dale unlil the amount of my mODtbly paymenl d,anges again.
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<br />(E) Solke of~
<br />The Nore Holder will mail or deliver 10 me a nOI..... bef",e each Change Date. The notice will adYIse me of;
<br />(i) the '""" inlerest rate on my loan as of the Cbange Oate;
<br />(ii) the amounl of my DIQIlthly paymenl following the CnllnJle Date;
<br />(iii) any addiliooal mailers which the Note Holder is tequired to disdose; and
<br />(iv, the utie and lelephone number of. person wbo will answer any question I may haye regarding the notice,
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<br />8. CHARGES; UKNS
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<br />L~furm C!)\.ena..~'H.4 of the Securitr !~:i!..."-'.!..rner.t ~~ :t.oue..~jed tc read es foHows:
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<br />4. CIIaItoo; ~ Borrower sball pay all taXes. ........ents, and Olher c.harges, fines and imposilions altributable to ,be Property wblelullay
<br />attain a priority over tbis Sel;urity losttument. and l....hold payments of ground reols, if any, in the manner provided under ~pnllte/eOf
<br />at. if not paid in sudt manlier. by Borrower mUing payment, when due, dirl>;tly to the pay.. Ihereof, Borrower sball promptly,f~lo
<br />Lenllcr all ootices of amounts due under this parqn.ph. and in the eYent Borrow", shall make paymenl directly, Borrower sball pramptly
<br />fwnish 10 Le1>der r"""iP'S evidencing such payments, Borrower ,ball promptly discharge any lien which b.. priority oYer .Ihis Se<;urity
<br />IDIU'jlIJICDt; however, Borrower sball not be reqwred to discharge any such hen so 10Dg as Borrower: (a) shall agree ln wriling 10 lbe ~I of
<br />the obli&atil>n sc:und by such lien in a manner 8C4.'Cplable to lender; (bl shall.. good raith conrest such lien by. or defendaaainsl enfort:ement
<br />oS such Uenin.le&ai pn,<l'edlngswhich in lhe opinion of Lender ope.ate to ptevenllbe enforc'Cmenl of Ihe lien or rorfellureof the'Pro\lllrIy or
<br />any part the.rcof'~ or ic) stWt SCt..--urc- from tbe bo1da of such lien an agr<<menl in a form ~iisfaclOfY to Len~ subordinating such lienJo tbis
<br />s..;..rity lD$uument.
<br />If t.eQ4et determines that all or any part 01' the Property j~ subjccllO a lien which may a-uain.. priority Qvcr thlS S<<uri.ty lnsltwnent. Lend<<
<br />shall- give Bonowet' it -notlo.: identifying such hen. Bortc-WCf ~ha.I} sati$fy .~ul.:h lit-n Of lake one. or more of the actions set forth above within len
<br />dayS of the gi'.... of lhe DOtle"",
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<br />C. NOTK.:.E
<br />Unifoon (;01t-eUUi 14 of I he: Securit)' ]mttun<<:," ~... Ul-l:udtsJ. to ntad as to1lo"'..~~
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<br />,1'" ScMke. 1~(;tWt f(it .In)' nut~ rtq...ured: under a.w~blt la.. to be given in a.n-oth.ec mamw. ,a} an)' notlc(' 10 Bot'fQwer plo\dded for lU thil
<br />SlKur.dy lD$trwnen. >hall he 81"'" Iry deIJ\'Cfing " Of by mo,ili.,. it b~ 1\"1 <iu, mad to !lotro"., .. the Propeny Addr.., m at sucb othe< .<.\dress
<br />u lkw.co'fljtf ,may ~fliil.c: by n~ice-IQ t~ ~ Pfuyidcd Mlcin.. a.ud (bj in')' notice Hi L~nd'tt ~hali b(': _t\ye:n by nt~t d~~ mad to Lcndcr'~
<br />~~ ~ hcr('i,'1 (H ti,) ''-K-h ('ltAeJ' a4dt"~ t\:\\ t.endet I)U\) ~e by fh.'t{u,::t' m l.k';uH"...'cr ,l,\ pn.I,-ided h('.n:tirl, All} {h)tlf,.~ pfO~uJed rOt in {ht)
<br />~Jt) l~ru,w.t:nt!J.taU Pe detm<<t w ha~~-t. b<<n gn'ffi 'to. at)HQ~r m l,.cnd1:"f V.'MU ih'l;:ll: in the nuult!(l ~lbi&n*teU hct<::m.
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