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fI~iQC1`3p c`cr;nr~26-z ~4 ~-- ADJUSTABLE PAYMENT RLDER T!i[S AniC4irea1l? PA>tl~PC RIIFIt is made this ~~th day of January i94 acri is iclcorpoEated into and shall be deemed fA ameltd 8t>d~eIDHli the rte', O t, or t0 Seaae Debt (the "Securi.ty Instrumene") of the same sate given by the taldersigcled (the "Borrower"} to aecaae Borrowers Adjustable Payment Note to Tower Fin3minl, Inc. (the "leader') of the same date (the "Note") acd maerilrg the property described in the Secalrity Instrum'at sad located at: The Note Contains Provisions Allowing For Changes In The interest Rate And The Monthly Payment And For Increases In The Principal Amount To Be Repaid. The Nate Also Provides For Calculations Of Two Separate Monthly Payment Amounts. One Will Be The Amount That I Must Actually Pay Each Month. The Other Will Be An Amount That Z Would Pay Each Month Ta Fully Repay The Loan On The Maturity Date. This Means 'c'hat I Gould Repay Yore Than I Originally Borrowed Or That I-Could Repay My Loan Before The Maturity Date. AtISLTLONAL COVF,,YANLS. Tn additlon to rile mitts and agreemmts made in the Sean3ty Itxsttt>me:lt, Borrower and Larder further mvmani std agree as follows: A. LNTEAEST RATE AND MONTHLY PAY'dENT CHANGES The Note provides for as initial interest rate of i'i•='t=~1X. Sectiwls 2, 3, 4, 5 and 6 of the Note pmvide for in the intetrst sate and the annt~lTy paymerns, as foliawe: "?. Z;vTEREST (A} Interest Owed Interest will be charged on ttet part of prirrlpsi which has not been paid, begin on rte date Z receive principal and cmtin,a 4 until the full amotnt of pritscipal has been paid. Begf.ncring m the date I receive principal, I wi11 pay inreteat at a yearly rate of T0.5t?0 ~, Tne icrcerest rate I will pay may thatge on the flrat day of the month of e1u~;ust i , a~ and m that day every +.:f, month thereafter. Each date on whictl the inr>r»at Eate s called m "Interest mff age Date." The l~e~ interest rate w111 here effective on Bch Interest Change Date. (B} The. Iodea Beginning with the first Interest Change Date, my In*a+~ rate will. be based an an Itldex, The "IMez" is the =-re:2 F.uct3rn : re=-r~~^ ante ~~ 1'niCee` .=rates ?teaszlrv t~li~i.~ ~dtE~ a ;maturity of as a t mast reoatt •ure as o t te-7i5~"daya before each Tatereat {hmige IYite is called the "Qn-rert Iodac". T~~ i utErr~=t rau= ,. a c~n~ ~iitsi 1 . ct ~cceE : :.:. r' `3fi If the ItdFic is m ic>nger a~uatLh?a, the i7ote Ho]der wL1I ctc~ose a clew icldgt which is rased upon comparable iufonnticxi. The Note Bolder will glue me entice of this choice. (C} C~+culat~-oo of Interest Rate Changes ~.~B@$fa~i'E each IntPreaC Cila<78e Date, Che NDte HDlder will, cnlr~rlaro my new lntetPet rate by adding CiIE ZY81iL Of C ~tiOn to t l~e~n~T t~ ~ tSE ~t IIYiHC. The NntE molder wjlT then rf74IIld one-eigtlth of one aeresltage point (0.125X). This ra~crled aa>tni will be mY new interest rate until the next Interest ~ Date. F.xce~-r tl,c caYirus: intentst .*ate s2c;ii xx;r =~cec~c' .3.~"t„ (b) Ingerret After Def~.t Tna iatereat rate requited by this Section 2 is the rate I sill awe both before and after a~ default deserlbad irr Sectintt 9(B) belor. 3. CALCULATION OF AMOUNTS OWED EACH MONTH The Note Balder wi11 calculate mg Pu11 Monthly Amtnt. The "Rxtl Mxuhiy Amant" i9 the amount of the mQrtlliy psym®t that would be suffirlent to repay the paid principal balance of mY loan in full, at tie inoetYat rate I am required to pay by Section ?(A) and 2(C) above in substantially equal payments on : which is called tkle "maaaity date". My fiat Full Monthly Aawa[ ~ a Tt,~~_ ore ell Internet Change Date, the Note Holder will crl..,l nrn the. oar Ptrli. ~t c~ttidt I will case each month begimir~g on the first maotiay payment date after the Iateteat Chm>8e Date. 'rte Rill Manehly Amaalt I owe may be mote or less than the a+rotnt I am requited to pay each mmitl. Section L belay states the amoult of my mmcbly payvient and how it will charge. Section 5 tsiow describes how my ~ PrSnc7.Pe1 balance wdll charge if the sensor of my monthly Pa-~t acd the Pull Mlttrhly Arrant are different. G. PAYMPNTS (A} Time and Place of Paymrnts T wall pay prdncipal add irtterrst by mskiug tey~ every ~th• T +aLll anVae my ma~hly paymemta oa the first day of each manth begittsling on _~ts,:, c, I will malre these paymsrts every month until T have paid all the pt"paI` ~-aary other cYerges deaetYbed below that I may owe under this Note. My acinCllly payare~a wlll be appllad to intespat before principal. If I still owe sensors ut~s this Notes an the matutlty date, T will pay [hoes amocnts in full oa that date. Those sensors catrld be gtwter the t~s.agouu of aN last maYhly paymau before the maturity data. L '+1,11 makes my maothl,y payments at 2120 South 72nd Street, (lmha, Nebraska 68124 or at a diffal;eet p2a<,se 1f tegdted b) tba Nate tblder. T`iC-OOS (qc} (PaP,dc 1) (~;ew i1f93)