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<br /> (1 V¢a�'1'rensary iii�le�--Sll�ile Ce�pR--flr+ed Itule l:oi�vcrelon UptEon) t�=_�
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<br />-��,-�--_. -.,....-• - '1'11:9 AD1lJS�L'AIfLL�RA'fL�t119131t i�omde Ilds 14th dny uf �ti��' , �'`_
<br /> -�w:•r+tia•:,�_q i:.,;:. _
<br />+��•• Ig g4 �nncl I� Incurporeled inlo nuJ shnll be detntecl Io�uiend mul �uppitmenl Ihe Mnrldnge. Ueal oi'frusl
<br />- ��, " or Seiut ily O)eed(llie"yecur0ly IuSiraincnt")uf tl��,;uuie dnle glven by tt�e u�sdcrsi�i�ed(4he"Uonower")Io eecure ���'
<br /> ._���...t.�_j..��.:'•���.tt�� • 1 11 11
<br /> �• . Uorrowcrs Adjaslable itnle Nu�e (�I�e Note � lo
<br />�`�,- -� , (!4e "l.c�+det"1 of Ihe
<br /> ;°�'� r � OOL.UMBUS FEDERAL �AV I NGS BANK
<br /> ''`" ♦ ���.•�. :• ` sunte dnle ond cove�ing lhe ptopairy desc�ibcd in Ihe Secinily IusU��mciil nnd Ivcnled nl:
<br />�,, . ,� , .' . .
<br />''��=±''",� "- 191�1 W LOU I�E STREET QRAND I SLAND, NE 6861�3 --
<br />�;:�`;.;f:,, .. , �Ihnpa�y AJd�es�� `
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<br />_. A . 1'FIE NOtF CON7AINS PRUVISIONS ALLOWINO FOR CIIANO�S IN THE IN7En�5'�hA1�
<br /> � AND YHC iYiONTHLY PA1iMEN7.7HE NOT�E LiMit& t11E ANiUU6�lT t1AE tlORRflWEli'S �
<br /> �:�-::••. ��'' ' •• AOJUSTABI� INTElIES�' f1ATE CAN CHAN(iE A7 ANY ONE 'TINI�ANU TH�MAXIMUM
<br /> �`% •�ff� ' �IlA7E THE BORfiOWEfI MUST PAY.TNE NOTE ALSO CONi'AINS 1NE OPtION TO CO�IVERT
<br /> , 'Y' � . THE AbJd18t�18LE MTE �O A rIX�U ItATE.
<br /> •_.���� .... �.
<br />`''� �, �� ' Ae)Di'11UNAi.CUVLNAN'I�S. lu aJdillun lo the+:irve�►niHs nncl n��ccurculs mndr, h�Ilie Scctnhy Inchunic�il. ��
<br /> , Ilvrr��vcr rud 1.enJer furiher cuveumU nnd ng�ee nq ful�uwa: _._.
<br /> . •�``f �� • . �'.
<br /> • A. AUdU$'I'AQLf:ItA'1'L ANI) MUN�1'111,Y !•AY(�41"sN'1' CIOAN(:1�
<br />. �� . `' � . '� '1'Ire Nvle nrovidcs for�n tuftlal i�ileresl rnle of 6.875D %. '1'6c Nole provides for chnnges �-�
<br /> � � � in the ad)��atnble i��terest rate an� tl�e mvii�hly pnynuu�s, ae follo�vs:
<br /> '�� A. AU,IUS'1'AqLL IN'I IL`ItG51' ItA'1'[; ANU AtUN'l�III,X 1'AYR11'sN�l't,11ANCIS
<br /> (A) Clunge Ualee �
<br /> . '1'he ndJusteble Inlerest rc►te I will pay uiny cl��nge nn Ihe firsl ciny o� �v��►" ,
<br /> 19 95 ,auJ ott Ui�l dny every IZIh man�ti iherenite►.�acii cime on�vi�ici�my aci�us��bic i��ierest::si¢rn:s:L cl:asspr _
<br /> Is cnlle�l�► "Cl�ni�ge Uste."
<br /> � tlf) 7'�u InJea _
<br /> peginnine wt�h�he ti�s� Change Un�e,my�cQustnble Inlerest ra�e will br bnscd un nn InJen.'1'he"I�nlex"1�Ihe =_
<br /> • �� weekly nvetage yleld on UnileJ Sleles'frr.nsury securi�ies aclJusleJ to o cunsluul me��riiy of I yc�r,As mnJe nvalleble ____
<br /> by Ihe I�eJe�al Reserve Uoarcl.7'Irc mnst recenl 1 nJex figu�e�vnilable as of Ilic dnle 45 Jnys befure e�+ch C6nnge Unle =
<br /> �� � Is cnlled lhe"Current Inclex." �;�
<br /> . . , If l6e Indea 6s no I�tigcr nvailnble, Ihc Note I lnlcler will divuse ti nc�v IIttICIt WItICIt I9 IIOSltI O�lUil CUIIt�)i1tAUI�
<br /> �1' Informalton.'t'I�e Nole IIo1Jer wtll give �ne notlee of Uds choice. � _
<br /> ;:.
<br /> • � (C1 (.elcuO�Uun uf Chende� ;
<br />:�" . � liefore encl�Cbm�ge Unte,ll�e Nole 1 lulder wlll cnlculnle my new lnteresl rnle by ndeliag
<br /> - _ .- ,• � 2.8750 pe�ceninge pol��ls( 2•8750 s5)Io lhe Currenl Indea. �'
<br /> I � ' ' • '1'I�e Nnte {Iolcter�vHl U�en roanJ tlie resull of U�is ndditinn Io Ihe nenrest ooe•eighth of oi�e percenlagc poinl(O.IZS�'o)• "
<br /> Subjeal�o Uie Ilmlls eleled tn Sectfon�(I))bdow, Ilds rounded emowit wlll be my new (ntetest rnle unl{I the aexl '
<br /> Cl�auge Unla ��
<br /> � 't'lu Nole 11o1Jer will lhet�determiue lhc�mounl of Ihe mvuthly paymcnl lhol would be auf(tcienl Io tepey lhe
<br /> I:., `'
<br /> . � unpold priocihel thal 1 nm expecled to owe nt the Ch�nge Unte In tull nn lbe�n�turity clale nl iny ne�v tnleresl �nle
<br />�:.� ° ' in subslaaalinlly equal ppymeols. 'i'I�e resull nf Uiis calculallon wlll be the new omnwU of my monlhly ��nyu+enl.
<br /> '='r�' � " (Ui Lltnil�ou Inlere�l llnle Clie���es ;,, .
<br /> ' d ' 7'he iuleiesl r�te 1 n�i rc dred lp pny al lhe fiixi Chnnge l)�le wlll not bc�icnlcr Ihan 7.8750 ye ,,
<br />_'`•� ��
<br />=`' or icss Ili�n �'���� °lo.'1 he�enfter,my ed�asleblc b�leresl rnle will never be Incrcasecl vr JCCre�sccl � :�•`
<br /> �»�' ��, un uuy simgle Chnngc Unle by mnie Ihan one ��erceuinge poia�1 (1.Oyo) fram Ihe rn},e crf interesl 1 6nve�ceii��nyliig
<br /> _�.� „ for U�e ptectdDig I l mvnlli9.My ItUcresl tnle wlll��ever be grenlet Ihan �"�8750 "le,�vhich is cnllee7
<br /> . . tl�e "Mnximum Rnle". i."
<br /> w ; (l;) L((eclive Unle o( Clmngce (
<br /> � My iu�v in�erest rnte will became effeetive on eoch Climige Unle. 1 wili pny the nmount��n�y ne�v nromhlY pr+Ymem
<br /> . begiit�dng on Ihe fitsl mnnlhly pnyment Jate n f ler I l�e Chnnge 1)ale tinlil Ihe tmwunl of oo�y monlhly pnyment cl►nngcs i
<br /> i
<br /> � ngnin. '
<br /> '` �. . (1�) Nullce�rf CI�enReR . �
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<br /> 7'he Note I Ia1Jer will cleliver or m�il tu me n noUce nf�my rhnngex in n�y ndjus�nble fnlete�t rn�e nnd Ihe uinc�unl
<br /> ,> o!my moulhly�is�y�neul befu�e Ihe etferlive dnlc of any cl:ni�gc.'l he ualfcc will ii�rlude infium�licm�rqui�ed by Inw � ;
<br /> �::� ' ln be glveu mc m�d alsn Ihe Iftle�ncl lele��l►nnc nu�nbcr nf n�+c�sou�.�liv�vill nns�vc�nny ques�iun 1 n+ny I�a�•c�cgmdin� �� �
<br /> ,_ � ______ Ihe uoticc. �
<br />_�_ � - _= 11. I��Xt:b IN'I'1'sIt1�S�1' ItA7l;UP�Ii(IP1
<br /> -_ � , 't'he Nnle provlJes fot Ilre Unrrn�ver's����tion �o converl fruin nn ncljus�ablc In�e�cs� ►n�e wiU� iuleresl isUe limtls
<br /> . �o a fixed iu�crest rntc, rs follo+vs: � .
<br /> , 5. H1X�U INl'1:1t1;5'f ItA'1't's GUNVC{tSIVQV UA'11UN
<br /> " (A) Upl{un lo Cm�ve�l In Clxcd Itnlc
<br /> -1 1 hnve� Cntwerslon Uptlon Ihal 1 can e�ercise u�dess 1 nn� h� de(�ulo e�r IIIIB StCIIUiI S(/1) �vill nu� ��cnni� me
<br /> � ' Io clv so.'I'I�e"Convetsion Upliou"Is my u�riiuu In cnn�erl Il�e l�qerest iE�te I nm�cquired Io pny by Iliis Nn�c lium
<br /> nn ocljus�able rote wllh Imere�l ime IbA�U��o U�e fixeJ rnte cnlculnkd ❑udtr Seclinn 5(p) below.
<br /> ' '1'I�r conversinn cnu anly I�ke pince on c+ dnle(s)specified by Ibe Nole Ilulder during U�e��erloJ beginning cm ,
<br /> ;� ' ' ' Ibe fi�sl Chnnge Uute ond ending ou Il�e fiflh Chnnge Unle.Cach datc on��hich my neljuslc+ble lolcresl iole cnn coi�vcrl �
<br /> :'' lu �he uetiv fixed rnie i�cc�IleJ II►e "C�nrersioii Unle."
<br /> . _� ,� ,. ,
<br /> '� h1UlTtB4A1� AUJU8iA0LE nAi�fl�UEt1-AIiM PLAN G�-Slnpte�omlty.-Fnnnte 6teo U+dto�m Inetwmenl ,� �o���+3110 12187
<br /> (Q� 0�54�O�I�I vu.ruuntQ�nr rm�a�9 • ���J�7n�n�m � �onrn+7�nv� ;
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