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2oo9oso~4 <br />ADJUSTABLE RATE RIDER <br />THIS ADJllSTA$LE RATE RIDER is made this 31st day of March , <br />2009 and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the <br />undersigned (the "Borrower") to secure Borrower's Adjustable Rate Note (the "Note") to <br />Home Federal Savings and Loan Association of Grand Island <br />(the "Lender") of the same date and covering the Property described in the Security Instrument and located <br />at:1710 Rio Grande Circle <br />Grand Island, N~ 68$01 <br />[Property Address] <br />THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY <br />INTEREST RATE AND MY MONTHLY PAYMENT. INCREASES IN THE <br />INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE <br />INTEREST RATE WILL RESULT IN LOWER PAYMENTS. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 6.375%. The Note provides for <br />changes in the interest rate and the monthly payments, as follows: <br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the 1st „day of August , <br />'~'""'"~""-' 2013 ,and on that day every 12 month thereafter. Each date on which my interest rate <br />could change is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER -Single Family <br />-898U (97051.01 1/97 <br />Page 1 of 4 Initials:T~ <br />VMP MORTGAGE FORMS - (500-521-7291 <br />.4r.5'.~,yAyR: <br />