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090012b-7 ADJUSTABLE PAYMENT RIDER g~. ----~)f~0445 "' THLS AATUSTABIE PA3~AiI RIDFR is made this 2Sth day of January 1984 and is incorpoated i:ito all shall be deemed to amerd ats~-Tarrant fire o t, or to Seale-Debt-(the "Seaaity Instztmeat") of the same-date given by the tatdexsigcbed (the "Borrower'.)-to> asaue Borrower's Pd3ustable Payment Note to Tower Ft.x,.,.-ipt, Inc. (the 'Zeoder'") of the -same date-: (the "Note") ao3 meeting the property described in the Seanity Instr~ent and located-at: i~ 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 Note 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 I Would Pay Each Month To Fully Repay The Loan On The Maturity Date. This Means That I Could Repay More Than I Originally Borrowed Or That L Could Repay My Loan Before The Maturity Date. ALDYfI0P1AL COVEfI4NLS. In addition to the covenants and agreeants made in the Sean-ity Instrtment, Borrower and Lehr further covenant anti agree as follows:- A. INTEREST RATE AND MONTHLY PAYriENT %dANGES The Note provides for as initial interest rate of 10.500 %. Sections 2, 3, 4, 5 and 6 of the Note pzavide for cissnges in the interes[ rate and the mon~yments, as follows: "2. INTEREST (A) 7atexest Owed Interest will be charged an that part. of principal which has rot been paid, hegirning on the date i receive psincipal and mntiming imtit the full.amaatt of principal has been paid. Begisming on the ante i reoeivE principal, I wilt pay interest at a pearly rate of 10.500 %, The interest rate I will pay may ct~rge on the first day of the month of August 1, T~.- and oa that daY ~tY 6th month rh"''°"fYPY. Each date on which the interest xate s called on "Interest Date." The new interest rate will bemre effective oa each Interest Change Date. <B) The Index Begiming with the first Interest (7tange Date, my interest rate will be based on an Index. The ~~~ ~ ~ tell ~ ALCtion Aver Rate crt i5titeci States Freasury l;iils with a a>aturity of G as a t most recast 11e re as o days before each 7ntezest Change Date is called the "Curtait Ineiex". interest rate I will Fes' shall not txceea 13.902. if the Izdex is m logger av~ttahta, the Note Holder will chose a new index which is based upon cssaiarahte information. The Note Holder will give me entice of this choice. (C} Calcsrlatian of Interest Pate Changes Before each Interest Change Dste, the Note Holder will calculate my new interest rate bg arkti 9m ~~ pemxntage points ( nn~%} to the Current Indeic. The Note Holder wLll then mimd left rrarit of this addition to the neazest one-eighth of wre percRntage point (0.125X). This ramd~ amount will be my new interest rate until the next Interest Change Date. I'xcept the maximmr interest rate shall not exceea 13.990'. (D) Interest After Default The interest rape required by this Section 2 is the rate I will awe both before and after auy default described in Sectirxi 9(B) helaw. 3. CALCDLATION OF A,+tOUNTS OWED EACH MONTH the-Note lktlder wLll calculate my Pull Monthly Amotnt. The "FSrlt t'bnthly Arrant" is the amount of the monthly payment that world be suffir3att to repay Cbe unpaid principal balance of my loan is foil at tie interest rate I am required to pay by Sections 2(A) and 2(C) shave in substantially equal payments m ,which is called the "mstisity date". My first Full M7nCttly Asount .. ~G5~ ~y,.~. ore each Interest Change Date, the Note Holder will cal<arlate the ner Frill F~[-hI Amornt which Z wdli awe each month beginnitg on the first monthly pspmart date after the Interest Chaoge Date. Tara Full Monthlp Arrant I owe may be more or less than the arrant I mm required to pay each mmth. Seatian 4 helve states the arrant of my monthly payment std how it will change. Section 5 below describes how my unpaid principal balance will change if the arrant of my monthly payment and the Full Monthly Arrant are differsrt. 4. FAYHEKfS (A) Tiaa.aod Piaae of Payments I Wll ply principal and #•,rn,~w,er iy PaPma~ts every mortis. I will make my moathlp payments oa the first day of each month begirmdr~g m l 4. I will make these payments every -month unrt i I have paid all the Fc~~"3~"enes""-eery other c2mr described helve that I ms9 owe under this Note. My mnad3ilar payemta will be appi.Led,to interest before principal. If I still awe smarts order this tote m the mst'taitp Gate, I aria pay those amounts in full. on that oats. Those amaurts mold be gnrteac' than the amonnt of ~. L~ marthly payment before the maturity date, I will ~ monthly payments at 2120 -South 72nd Street, Omaha, Nebraska 6812A ~ at a dif~arsnt plane if naquined tq the-Note tbld~. acJlS?.'.3'F.?~ PAYx`:P..?tT +~~CF Ci *sfr~~'F4: F'F~T5t4'w t `~c?: ' ~ 4 ? riri t4') T`tC-1105 (qc) (Page 1} ~4ew 111B9)