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~~ ~~~ U U u 9 6~ 0400420-6 ADJUSTABLE PAYMENT RIDER TEAS AD,IITS1ABiE PAYM3~11' RILER is made this 22nd ~y of February 1984 and is irtcor~otateu into aM shall. be deemed to ametd the o t or to Seatre Debt (the "See~aYty Insttumert") of the save date given by the utdetsigaed"(the "Bortnwer") to aea¢e Borrswei s Adjustable Payment Note to Tower Ft+++a+~•tat, Irr. (the 'Tender") of the sew date (the 'Note") std rnverltg the property described to the Seaaity Inatnmrs* aid located at: nson Dr. Crand Island Nebraska 68801 The Note Contains Provisions Allowing For Changes In The Interest Rate And T}e^: 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 Tha[ I Must Actually Pay Each Month. The--Other W111-'Be An- Amount That I Would Pay Each Month To Fully Repay The Loan-On The-Maturity Oate. This Means That I Could Repay More Than I Originally Borrowed Or That I Could Repay My Loan Before The Maturity Date. ADDTITQQAL OIVPNANi5. In addition to the covenants std agreemettts made in" the-`Secucity Instrtrmett, Borrower and larder further covenant std agree as foliaws: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES ` The Note provldea for an initial interest rate of 10.500 x. Sectintm 2; 3, 4, 5; 6-~3 7-of the Note pto¢ide for ~ in the interest race std t~~ payments, as follqus: °2. INTEREST (A) Interest Owed Interest will be ~ on that part of principal which has mt been paid, b on-#!e', date I receive principal std rnoritning until the full amamt ~ ptitripal""has been paid." Begitndng on the date I revalue principal, I will pay interest at a yearly rate of 10:500 x'; The interest rate I will pay may change on the first day of the month of September TT9~i- and an that day every 6th month thereafter. Each date on which the interest rate caild =ct;_is called on "Interest Change Date." The new interest rate will b=c®e effective on each Interest. Chat~e Date. The interest rate I kill lay shall not exceed 13.440%;. (B) The Itdex Hegintting with the first Interest Change-Date, mY interest rate v*itt be based on an Index.: ilia "Itdat" is the. Weekly Attctioxt Average Rate on U~ted States 'lY+eaeucy bd]1s with- a maturity of 6 months, as made available by the Federal Reserve Board.- The: moat recent Itdex=figure as: of the-date 45 days before each Interest Change Date is called the "Curren Index": Lf the Ittdex is m longer available, the Note folder will choo~e,a new icdeu which is,haeed upon camQerable information. The Note Holder will give me entice of this Choice. (C) Calcu]ation of Interest Rate Changes Before each Interest Chaz~e Date, the Note Holder will calculate my neK interest rate by additB 3.150 percernage Pointe ( 3.150 S) to the-Curtt~t Indac., The Note Holder wi]:l then round t of this addition to tit ore-eighth of aye peroeita®e Point (0,125X). Thin raided amwatt will be my new interest rate until the mck Interest Chat~e Gate. ExceFt the maximm interest rate siail mt atceed 13.440Y. (1)) Interest After Default. The. inteneat rate required by this Section 2 is the-rate:.-I will owe :both before-and after. any default described in Sectiat 10(B) belay. 3. CALCULATION OF AMOUNTS OWED EACH MONTH The Note Bolder will calcailate my Full Monthly Amount. The "Full-Monthly Amount" is the ateount of the monthly payment that would be auffident to repay the unpaid Principal balance o€ my loan in full at the interest rate I em required to psy by Sections 2(A) and 2(C) nouns in substantially equal., Paym~ ~ starch 1, 2014 ,which- is called the. "maturity date"• My first Full:.:. y Amount is U.S. 228.68 Before earn Intermit Change Date, the Note Holder will calatlate the new F1t11 I~Ti1y 'which I will owe each mo~rth beguudng on the first monthly paymait date after the Interest Chatt®e Date. The Full Monthly Amotstt I owe may be ire or less than the amount I am required [o pay ;each month. Section 4 below-states the amount of my monthly payment std hoW it will change. Section 5 be].w describes how my unpaid ptYtrSpal beL3ttoe will chac~e if the amount of mY ~t,thly paymett std the Full Monthly Atara~t are different. 4 • PAYNE(iTS (A); Tise;a<d Place of Paymsnts I will PgY P~iP~ ~ interest bq msldtig payments every month. I vd]1 melee my monthly payments an the first day aE each month btg on ~i~ ,,,_I~ I4tt I will make these p4yueots every month until I have. paid ,all the monthly paymastta will be ~ ~~ ~~ described below t-wt I may owe under this Note. My applied to interest before pritripal. If I still owe a~arce utder this Note on the. matiaity date. I will pay thews amwtets in full on that date. Those amouuta catld 6e grestar then th~.amoia~t of mY last monthly payment before the maturity date. I `~ mstios mS! mthly payaegts at 2120 South 72nd Street, Omaha, Nebraska 68124 or at a diffeu;at place if required by the Note Folder. ADJUSTABLE PAYMENT NOTE 6 MONTH TREASURY IIDER {1 - 4 Family} TMC-02~ {qc} (Page Rev 2184 (OAP