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I 84.-- 004513 ADJUSTABLE RATE RIDER r THIS ADJUSTABLE RATE RIDER is made this 29th day or AlIglIst ,J9BfL-, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note to HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the "Lender") of the same date (the "Note") and covering the property described in the Security Instrument and located at: 1804 West Charles, Grand Island, Nebraska (Property Address) The Note contains provisions allowing for changes in the interest rate. If the interest rate increases. the Borrower's monthly payments will be higher. If the interest rate decreases, the Borrower's monthly payments will be lower. 68801 ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as [ollows: A, INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11 O'fQ, Section 4 of the Note provides for changes in the interest rate and the monthly payments, as follows: 4, INTEREST RA TE AND MONTHL Y PA YMENT CHANGES (A) Change Dales The interest rate I will pay may change on the 1st day of _. _._ _ October t 19 ~ 'f and on that day of the month every 12 months thereafter. Each date on ;.;h no., Interest rate could change is called a ~'Change Date~~' (B) Tho Index Beginning with the first Change Date, my interest rate will be based on an ulndex," The Jndex is the weekly average yield on United States Treasury securities adjusted to a constant maturity of nnp years, as made available by the Federal Reserve Board. The most recent Index figure available as of 45 days before C"dch Change Date is called the "Current Index." If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of its choice, (C) Calculation of Changes Before each Change Date. the Note Holder will calculate my new interest rate by adding tllln ;:mrl nnp_hR 1 f percentage points 2 5 ll'Jo) to the Current Index, and rounding to the nearest 1/8Ofv. The sum \T'ill be my new interest rate. The minimum t..'1terest rate on this loan will be no less than ~ S 0J0. The maximum interest rate on this loan win be no more than 1 a c; Oft. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay- in full the principal I am expected to owe on the Change Date in substantially equal payments by the maturity date at my Dew interest rate. The result of this calculation will he the new a-rnoynt of my monthly payment. (0) Effoelhe Date of Changes My new interest rale will become effeclive on each Change Date. I will pay the amount of my new monthly payment beginning on the first monthly payment dale after the Change Date until the amount of my monthly payment changes again. IE) Nonce of Changes The Note Holder will mail or deliver to me a notice before each Change Date, The notice will advise me of: (i) rhe new interest rate on my loan as of the Change Date; (ii) lhe amounl of my monthly paymenl following the Change Dale; (iii) any additional matters which the Note Holder is required to disclose; and (iv) the title and telephone number of a person who will answer any question I may have regarding the notice. B, CHAR(JES; LiENS Uniform Covenant 4. of the ScKurity lnstrument is amended to read as follows: 4. Charges; Uens. Borrower shall pay aU laxes, assessments, and other charges, fines and impositions attributable to the Property which may SHain apriority over this Security Instrument, and leasehold payments of ground rents, if any. in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to Lender aU notices of amounts due under this paragraph, and in the event Borrower shall make pa.yment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Security instrument; however. Borrower shall not be required to discharge any such lien so long as Borrower: (a) shall agree in writing to the payment of the obligation secured by such Hen in a manner acceptable to Lender; (b) shall in good faith comest such hen by, or defend against enforcement of such lien in. legal proceedings which in the opinion of Lender operale to pre\'ent the enforcement of the lien or forfeiture of the 'Property or any part thereof; or (c) shall secure from the holder of such lien an agreement in :> f'..;rm satisfactory to Lender subordinating such lien to this Seeurit}' Instrument. If lender determines that aU or an)' pan of the Property is subject to a lien whid\ ma}' attain ~\ priority over this Security Instrument, Lender shall gjse Borrower a notice identifying such lien. Borrower shall satisfy .such lien or take one or more- of the actions set forth above within len days of the giving of the notke. L C, NOTICE Uniform Covenant 14 of the Securily Instrument i.'l. amended to read as follow~ 14. Soli<<. ex(,'ept fot any notice required under applicable law to he given m anolher manner. tal any lRI';t'~. 10 B\lHt)Wer pwvldcd for lfl thiS S<<urity lnstrumcm shall be given by delivering it or by mailing it by fi1St cla..'i.s m~lll w Bon-own a! the Property AJdrC3-s Of at slIdl lHher addrc!-'s as fk1frOWt'l may dtsi@:uate by noticr to Lender JIt provided herem, and (b) an}' notke to I elldeJ ~hali be- givCll b~ first da;.~ mail In Lt.:fU.iC!" addres-~ ;;tatt.'d herdn or to ~u!.;'h {'ther addrCis a~ Lender may uesi.gllaH. by nut ice ~o Born,~""(,:l a~ pll}\-H.1ed hl'!C11L '\0\' ll~'lJ..:(' rW\ l\klJ h~l III thl~ ~I...Uit) Iml.rument :-.hall be deemed to have he~n 8-iven It} Bonl)Wel' or Lendel when gln:n l!1 (1I:.: manller dt"~lglUHt'd bt,\t,t\)