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_..._ <br />g~,.--~ ~rt~+)980 <br />0900429=3 <br />ADJUSTABLE PAYMENT RIDER <br />TkHS AQ1US1ABIE PAYMENT RILER is made this 24 hh~ day-of Februar 1984 std is <br />itrorporated into a~ shall be deeaed to aaetd and eupplment'the rtgage, t~ or to - <br />Seettre-Debt (the "SeaaYty Zttstttaett") of the sane date given by the-udersig~ed- (the "Hoe'raaes") ,to ; <br />aetaae BEarnwer''s Ad~uatable Payment Note to Toner Fitianci.al;' Inc: {the 'Tends;") of Eiti, s~e° dace <br />Ctbe "Note") aid cauering. the property dmcribed in the Seastry Instnoptit. aid -]ocated'at: - . <br />The Note Contains Provisions Alloying For Changes In The Interest Rate And, Thee,- <br />Monthly Payment And For Increases In The Principal Amount To Be Repaid."' <br />The Note Also Provides For Calculations Of Tyo Separate-MOnthlysEaymant Amounts. <br />One Will Be The Amount That I Must Actually Pay Each.,Month°z. Th'e.Other Will Be An <br />Amount That I Would Pay Each Month To Fully Repay The-Goan On'The'Maturty Date. <br />This Means That Z Could Repay More Than I Originally Borroyed' Or That I Could <br />Repay My Loan Before The Maturity Date. <br />AlDT1TONAL OJVENANTS. In addition to the. covenaRa std= agre~tES )made -in the Seatriry <br />Ix;3tttim~t; Borrower std larder further covenatt std-. agree. as follows:- - - . - - ~. <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial intermt rate-af p X_ Sections-2, 3, 4, 5, 6'aai 7 of thn <br />Note. provide-for in the inteneat rate std t payments, as folla~s: <br />'•2. INTEREST <br />(A) Interest Owed <br />Interest will be charged on that part of prl=ripal which. has tnt beea.padd,;begia~ing on the <br />date I receive principal std contittttng until the full amamt a~f ptitripia]: has,been-:paid:;: <br />He~it¢dng on the date I receive principal, I will pay interact at a yearly rate.-of 10-:500- X,, <br />The interest rate I will pay may diange on the first day of the month of Apr t, l§A4 <br />std on that day every 6th month thereafter. Each date on which the interesf rate-catld c~atge 3a: <br />called on "Interest Change Date." The new interest rate will heeome effective on sash Interact <br />~ ~~• The interest rate I x.211 ~y shalt not exceed 13.490Y. <br />(B) The Index <br />Begltming with the first Interest Chao@e Date, my interest isle will be based. on-aaltde~c, The <br />"Itdat" is the. Weekly Auction Average Rate on United Scales Treasury bills. with a mattaity of 6 <br />months, as made available by the Federal Resern Haetd. The„moat xerent 7ndncfigiue as of the date <br />45 days before eadt Interest Change Date is called the "Citrrent Itd~t'' <br />If the ItY3ex is txo lour available, the Note Holder will clpose-a nse indec whidt is;hased upon <br />caq~erab]e information. The Note Holder will give me notdce of this clnice. <br />(C) Calculation of Itterest Rate Changes <br />Before each Interest Charge Date, the Note Holder will calculate ,my nay. ~tetrBC rate by adding- <br />peroet>tage points {~X) to the. Current Icdex• The Note Polder will t}en roved <br />t~f of this addition to the neezeat ~e^eighth of are;perce~a®e point (0;125X)• -This:randed <br />amwatt will be my-ne+ i„torest rate until-the nest IcYecraE Change Date. kNccept the,maximua interest <br />rate shall not exceed 7.3.9904. <br />(D} Interest After.Defailt <br />The interest ,rate required by this Setxion 2 is the rate Z gill owe both before apd after arty- <br />default described in.Section 10(B) below. <br />3. CALCULATION OF AMOUNTS OWED EACH MONTR <br />The Note Holder will,calailate my Full Monthly Amount. The "F\il1.Honthly AmamG" is the.am~mt <br />of tbs. monthly payment .that would be sufficient to repay the. unpaid peYttcipal tialaroe of my lam.in <br />full a; the interest rate I am required to pay by Sections 2(A) std 2(G) above in substantially equal. <br />payments on wttid~ is called the "maturity date"• My first. Full <br />Monthly Amount S. Before each Interest Charge Date, the Note Polder will <br />rnt~.,tnrP ~ new Full t~it~ieit which I will awe each month begintti.ng on the first monthly <br />payment date after the Interest Change Date. <br />The-Full Monthly Amoi¢tt I owe may be more or less than the am~ptt I am requited to pay each <br />month. Section 4 below states the amount of mY monthly payment. acd how it veil]. change.. Sectiaq_5 <br />below.dmcFibes how mY unpaid principal balatne will chatgje if the amwatt of my monthly payment std, <br />the Full Monthly Amaa~t are different. <br />4. PAYMENTS <br />(A) Tine. std. Place a~f Payments. <br />I will pay pritr3pal std-interest by making payments every month. <br />I will melee my mxithly payments on the first day of eadt month begitmitg on <br />I will make these payments every month until. I have paid all the <br />~t~ any other charges.dmcrlbad below that I may owe under Chia Note. Mq <br />mothly paymata will be applied to interest before prlmipal. If I still owe, amaIItts under this <br />Note_on the,mapaity date, I will pay those awptta in full oq that date. Those amounts could be <br />gcegGer.thaa the, amattt:of m}r last monthly payment before the maturity date. <br />i ylll mire. my monthly payments at 2120 South 72nd Street, Omaha,., Nebraska 68124 or at a <br />different place, if required by the Note Haider. <br />ADJUSTABLE PAYMENT NOTE 6 MONTH TREASStAY 1:r'DEX (t - 4 Family) <br />TMC-024 (qc) (Page <br />ftev 2f84 (CAP <br />