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0900522-1 ADJUSTABLE PAYMENT RIDER 84 ~,.~,~ rJV ~ O~O THIS A1111JSTABiE PAYt•ENl' RIDER is made this 1st day of March 1484 std is incorporated into std shall ten deemed to ametd atd~ent the rtga@e, o t, or Deed to secu<+e Date (the "SeQUity Inatt+meR"> of the same date given by the undersigned (tie "Borrower") to scan's tbrrower's Adjustable Payment Nate to Tower Financial, Inc. (the "Lender') of the same date (the "Note") aid 'coWeritg tie Property described in the Security Instrument std located at: rty s The Note Contains Provisions Alloying 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 Wi:11; Be. An Amount That Z Would Pay Each Month To Fully Repay The Loan On The•Maturity"Date:' This Means That I Could Repay More Than I Originallg Borrowed Or That I Coui3' Repay My Loan Before The Maturity Date. ADDTTIONAi. OJVIIVANfS. In addition to the covenants std agreemetts made in' the Security Insr*++~~, Borrower sad Letder further coue~nt aid agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides-for an initial interest rate of 10.500 X. Sectiots 2, 3, 4, 5, 6 and 7 of the" Note provide for in the inter®t rate std the ~tFi~ payments, as follaus: °2. INTEREST (A) Interest Owed Interest will he charged on that part of principal which has mt been. paid, begirmitg..ons-the date I receive principal aid contintuing until ttte full amount oaf principal hoe teen paid.. Beginning on the date I receive principal, I will pay interest at a yearly rate=~ 10.506 "X: The interest rate I will pay may chazge on the first day of the month of October 1. 198.4_:=.-- atd on that day every 6th month thereafter. Each date on which the intets+est rate dtac~e'is called on "Interest Chagge Date." The stew interest rate will become effective on each..Interest ~~ ~• The interest rate I will pay shall not etaceed 13.990X. (B) Ttie hdex Begicadng with the first Interest Charge Date, my interest .rate-.will be lased on as Iides. The ..I:dat.. is the Weekly Auction Average Rate on United States Treasury bills with:a maturity of 6 months, as made available try the Federal Reserve Board. The most recent- Itdenrfigure as of the date 45 days before each Interest Charge Date is called the "Current Itdex". If the Itdec is rn longer available, the Note Holder will choose a new inddexx whirl is.-based upon co~erable information. The Note Holder will give me entice of this clnice. (C) Calailation of Interest Rate Changes Before each Interest Ctatge Date, tie Note Holder will calciilate lay tte+ interest, rate try adding. 3 . t 5 ,w.._+r~m podMS ( 0 X) to the Current Itdac. Tire Nxe Holder will then ram t~~tof this addition to tw~rest o~reighth a~f one pereecda@e pcdnt (0:125X).'. This raided amount-will be mY trst intermit rate until the next Interest Cttaz~e Date. Except-the maxima interest rate shell mt exceed 13.990X. (D) Interest After Default The interest rate required by this Section 2 is the rate I will owe both.tefore sad after a~ default descrited in section in(s) helaw. 3. CALCULATION OF AMOUNTS OWED EACH MONTH The Note Holder will calailate my Frill Monthly Amwmt. The "Full Monthly AmotatC" is rte amount, of the moothly.paymettt flat would be sufficient to repay the unpaid. principal bslatce-of my laen in , full at tt~e interest rate I am required to pay by Sectiote 2(A) std 1(C) above in substantially equal payments which is called. the "maturity date''. My first Full_ Monthly Amant is U.S. '-~ ~ 54 Before each Interest Ctwtge Date, the Note Holder will catn,taro the new Full 'rnta'nTy amount which I will awe each month begitming on the first motY]ily payment date after the Interest Charge Date., The Full Monthly Amount I awe may be ire or leas ttiau the amt I mm regtdted to pay each month. Section 4 below states the amount of lay monthly payment and tow it will change. Section-5 below describes hw my unpaid principal beLatce will cl~atge if the amount of my ®nthty payment and: the Full Monthly Amotmt are differat. 4. PAY1~tiTS (A)..Tinc-and place c¢ Paymaota I will pay principal std. interest by marring paymetta every mxtttt. I will melee my m,otnly pay^eMS on the first day of each month begitttdtg on I will make these paymznES every- month until I have paid all the '' ao ntereieay othae deaerited:below that I may owe under-this Nate. My ninthly peymegts will be applied to interest before principal. If I still awe amounts utdar this Note an the maturity date, I will pay fleas amoutts in full as that date. Those amounts could be greater ttmn the amunt of uy lest monthly payaent before the maturity date. I will make my oonthly payments at 2126 South 72nd Street, Omaha, Nebraska 68124 or at a different-place if required by the Note Holder. ADJl7sTASLE PAYMENT NOTE 6 MONTH TRBASURY LNDER (t - 4 Family) TNC-026 (qc) {Page Rev '!8v (CAP