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200201096 Pagel of 4 ADJUSTABLE RATE NOTE (One. Year Treasury Index —Rate Caps) THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT MY INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE I MUST PAY. February 1. 2002 Gran Isla d -,- Nebraska 311 West 15th Street Property Address 1. BORROWER'S PROMISE TO PAY In return for a loan that I have received, I promise to pay ...Forty Six Thousand, Nine Hundred Forty Six 00 /100 Dollars .... ($46,946.00) ......(this amount is called "principal "), plus interest to the order of the Lender. The Lenders are: Ellison Family Trust, UA 10/23/1995, Billy M. Ellison and Margaret J. Ellison, Trustees. I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the `dote Holder." 2. INTEREST Interest will be charged on unpaid principal until the full amount of principal has been paid. I will pay interest at a yearly rate of ..4.5 %.. The interest rate I will pay will change in accordance with Section 4 of this Note. The interest rate required by this Section 2 and Section 4 of this Note is the rate I will pay both before and after any default described in Section 7(B) of this Note. 3. PAYMENTS (A) Time and Place of Payments. I will pay principal and interest by making payments every month. I will make my monthly payments on the first day of each month beginning on ..February ....1,..2002... I will make these payments every month until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. My monthly payments will be applied to interest before principal. If, on ..February ... 1, 2022... I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "maturity date." I will make my monthly payments at ..The First National Bank of Mountain Home, AR or at a different place if so notified by the Note Holder. (B) Amount of My Initial Monthly Payments. Each of my monthly payments will be in the amount of U.S. Dollars .3350.00 -and will not change. However, the interest rate may change at each "Change Date" according to Section 4 of this Note. C) Monthly Payment Changes My monthly payment will not change during the life of this note, however, the interest rate that I must pay will vary. The Note Holder will determine my new interest rate and the changed amount, however, my monthly payments will remain the same. Interest rate will be calculated in accordance with Section 4 of this Note. 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of ..February..., 2003..., and on that day every year thereafter. Each date on which my interest rate could change is called .a "Change Date." (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of one 1 year(s), as made available by the Federal Reserve Board. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index."