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201103� <br />ADJUSTABLE RATE RIDER <br />THIS ADJUSTABLE RATE RIDER is made this 2 0 t h day of M a y , <br />2 011 , and is incorporated into and shall be deemed to amend and supplement <br />the Mortgage, Deed of Trust or 5ecurity Deed (the "S�urity Instrument") of the same date given by the <br />undersigned (the "Bonower") 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:2404 S August St <br />Grand Island, NE 68801 <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, Bonower and Lender further covenant and agree as follows: <br />A. INTEREST RATE AND MONTffi.Y PAYMENT CAANGES <br />The Note provides for an initial interest rate of 4. 0 0 0%. The Note provides for <br />changes in the interest rate and the monthly payments, as follows: <br />4. INTEREST RATE AND MONTHI.Y PAYMENT CHANGES <br />(A) Change Dates <br />The interest rate I will pay may change on the 1 s t day of J u n e , <br />2 014 , and on that day every 12 month thereafter. Each date on which my interest rate <br />cottld change is called a"Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER - Single Family <br />�-899U (9705).01 7! 7 <br />� <br />Page 1 of 4 Initials. <br />VMP MORTGAGE FORMS - (8001527-7291 <br />