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<br />84,-- 005366
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<br />ADJUSTABLE RATE RIDER
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<br />THIS ADJUSTABLE RATE RIDER is made this 3rd day of ilrtnhpr __, j9~,
<br />and is incorpOrated inlo andshall be deemed to amend and supplement the Mortgage. Deed of Trust, or Deed to SecureDebt(the"Security
<br />InmumentT') oftne sa.'11e date given by the un4-ersig.11ed (the HBotfO~U) to secure Borrower.s Adjustable Rate Note: to HOME- -FEDERA.l
<br />SAVINGS 6' LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA (the..Lender")ofthesamedate(the..Not....)
<br />and covering the property described in the Securhy instrli.meni and iocated at:
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<br />3027 Brentwood Place, Grand Island, NE 68801
<br />(Property Address)
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<br />The Note contalDS provlsloas oltowiDg for cha.... In' tile lute""" rate. If tIIeiDttftsl rate
<br />11ICI'Oti8, tile Borrower's IDOIItIoly ",_Is will lie blgker. If tile interest rate d~. tbe-
<br />Borrower's monthly ..._Is will be lower,
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<br />ADDITIONAL COVENANTS. In addition to the covenant and agreements made in the Security Instrument;B<irrower'aniU,.~Dliet-'?
<br />further covenant and agree as follows:
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<br />A, INTERESTRATEANDMONTHLYPAYMENTCHANGES ...'. '-.,.--..---'-..
<br />The Note provides for an initial interest rate of 11 %, Section 4 of the Note provides for changesinthe~rate-_itJi6.i;'
<br />monthly payments, a.s follows:
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<br />4. INTEREST RATE AND MONTHL Y PA YMENTCHANGES
<br />(A) CIumge Dales
<br />TIle interest tate I will pay may change on the 1 st..._ day qf
<br />on that day or Ihe month every 12 months thereafter, Eac",
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<br />-( :;~.-., ,
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<br />nprp",be.!:.. . .' '. . ..19.~"i:'~!' ....
<br />'_ :.m which my ;,uercat rate could changciscalled-a '''ChliJlp~~:'-'
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<br />(c) CaIallaIioll of C......
<br />Before each Change Date. the Nou: Hoki...""'f '>\-'iU calC"dlate my new interest rate by adding ~ \"Q :::.:!rv; Q....~. r-ii' ] +' ~-~~:.;,
<br />( 2 . 5 "10) to the Curreotlndex, and rounding 10 the nearest 1/8"10, The sum will be my new interestrate. The. miaim.__inler.U.tit.,~,
<br />on this loan will be no less ~han 9 5 "I., The maximum interest rate on this loan will be no more than ] (\. 5 v., .
<br />The Note Holder wiD then determine the amoun~ of the nromhly payment that would be sufficient to repay in fulllhe~lam' .-
<br />expected to owe on the Change Dale in substantiaily equal payments by th. maturity date at my new interest rate, The result of tbis calQdadon. '"
<br />wiD be the new amount of my monthly payment,
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<br />(8) The lndu
<br />Beginning with the first Change Date, my interest rate will be based on an "Index," The Index is the weekly avenqp:.yickI OIlJJnitCd-SlilIa\S.-',
<br />Treasury securities adjusted to a constant maturity of r'np years, as made available by the Federal Reserve Bollrd;_TIiillltOlti -
<br />recen~ Index ftgure available as of 4~ days before each Change Date is called the "Currentlndex, .,
<br />If the Index is no longer available. the No~e Holder will choose a new index which is based upon comparable information, Tile Note:H01d<<t,,:
<br />will give me notice or its choice,
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<br />(D) Effective Dale of CIlIuIaes c'
<br />My new in~erest rate ..ill become effective on each Change Date. I will pay the amount of my new monthly payment beaiBDirt&-on thefint ";.:.
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<br />w..:mthiy pa}'U1C.l-.t date aftcr the Ch&r..e~ D;.te until the arncunt of my monthly ps.ymcnt changes again.
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<br />(E) Net..... of ClwIp!;
<br />The Note Holder "ill mail or deliver to me a no~ice before each Change Date, The notice wiD advise 1m of:
<br />(i) the ne.. interest rate on my loan as of the Change Date;
<br />(ii) the amount of my monlhly payment follnwing the Change Date;
<br />{iM} .an) ~.JW{iUlYi.l rrliiii~f~ "",-hk.h ihe Not~ Ho1d~r iti- requiied to disdo~; ~__"1t1
<br />(iv) the title and telephone numbeI of a person who will answer any question I may have regarding the notice,
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<br />B. CHARGES; UENS
<br />Uniform Coven&nt4 of th<: Security In.trument is amended to read as follows:
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<br />4. CIIarJ.es; Ueas. Borrower shall pay all taxes, asscs:;menlS. and other "harges, fines and impositions amibutable to the Propeny which ~y
<br />attain a l>r'.ority over this Security Instrument, and lea.o;ehold payments of ground rents. if any, in the manner provided under ~ 2 hereof
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<br />~.. if ~ ~d i~ $~ch rr'~~:~ ~y ~rrcwe! !!labng ~j~en~. when d~e. :::tir:--:t!y :0 :he ~~':: t!1er;cf. Bcrrc~--cr sh~: y;-'mpd}' fu..-r-..ish to
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<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to lender receiptS evidencing such payments, Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument; however, Borrower shall not be required to discharge any such lien so long as Borrower: (a) shaII agree in writing to the payment of
<br />the ohligation se....ured by such lien in a manner ac.:eptablc lO Lender; (b) shall in good faith contesl such lien by, or defend against enfor~ent
<br />of such lien in,legal proceedings which in the opinion of Lender operate lo prevent the enforc-emenl of the lien Ot forfeiture of the 'Property or
<br />~y pa..rt ther~f: or tCl shall. ~..::U!e from the- holder o-f 5-'..!ch lien an ag.rttme:m in a ['..MID ~:.!l!~fattory to Lender subo-rdiP..ating such l..~,n to this
<br />Security Instrument,
<br />If Lender deu:rmines thaI all or any part of lht' Property is subje\:l to it lien ....hl,h may attain a priority o....er thjs Se\:urity Instrument. Lender
<br />s.hall gi\.e Borrower a O(.>tk, identifying, su~h hen. Borrower shaH -satisfy ~ll.::h lien vr t~lkt: one or more of [he al.,:tions. set forth above within ten
<br />daY$ of the aivinll of the noti<<.
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<br />c, NOnCE
<br />Uniform Covenant 14 of the Security In-suument is amended to re-ad as toHnw,:>
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<br />14. So-lb. E.x~ept fot an)" oOli;,;c reQuired under apphcable Id~ 10l>e .i....cn ,{, anothel m..mnc!, la) an) nuB"", ttl BvnO\\;CI pro\ldeJ for In l!llS
<br />Sc:cunty Imtrumcltt shaH be Ilvt-n by dellvcfwg it l)f by malting it b)' fJf'5~ da:i~ nc.ul to Borrower at the PtqJC!l} ,'\ddn:.).:, or at such I.)ther aJdrcs-!1
<br />~ Bcrro-'I'cr may J'e~iaru.uc by n-otl;.'( to Lender ii"- pru'ilded heuHl. and {fll .Joy not.t\.'(' W Lendt; ,naB ~ gnen b'i fir3-i das,:> ma.d [t) l.ender'"
<br />adJiev'i ~iale--d here~n or !(! \u<h 0the:r 1iJdr(''5.~ d!f LenJ.e.r may de~ig-ruHC by n\...\lkl;' t(, &ll'tl)~er ;'i,'; pw~ !dtd hCil'"Hl -\ny H.~i !\-.'t.': prt)',. h:!t.'d tnr H1
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<br />Se(Udl)' Instrument "h411 be deemed to ha.''C bcftll io~;..ltn to H~)nOWCf 1 cnJoCr ~...t;..-':~l r!Ji-cft ,~;: (h~_ manne, oje-"'I~nil!X'.i h>;'iC!;i
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