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84001846
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84001846
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Last modified
11/18/2008 11:15:21 PM
Creation date
11/18/2008 11:12:44 PM
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84001846
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84'--- 00186 0900782-1 <br />ADJUSTABLE PAYMENT RIDER <br />'THIS ADJUSI'ABIE PAYtFSIf RIIER is made thin 9th day of April 1984 and is <br />inoorpora[ed into aid stall 6e dewed to ametd axd-supplement rte ge®e, o t, or to <br />',` ~ Seciae Dept (rte "Sean-ity Irwtr,~,t-> of the ease date given by rte mdeaigoed {the "Harrower"> to <br />sense Baeeower's Adjustable Payaent Note to Tower Firrncial, Itrc. (the "Lender") of rte sme date <br />(rte 'Note") aM coueeing rte property desctitsd in the Security ItrtrtmrKt aid ]orated at: <br />G lore N br ska 68801 <br />The Note Contains Provisions Alloying For Changes In The. Interest Rate Aad The <br />Monthly Payment And Por Increases In The Principal Amount To Be Repaid. <br />The Note Also Provides For Calculations Of Two Separate Monthly Payment Amounts. <br />One Will Be The Amount That I Must Actually Pay Each Month. The Other Will Be An <br />Amount That I Gould Pay Each Month To Fully Repay The Loan On The 'Moronity Dart. <br />This Means That I Could Repay More Than I Originally Borrowed Or That I Could <br />Repay My Loan Before The Maturity Date. <br />ADDIITONIIi. 07Vh1+TMTiS. ]n addition to the covensYS std agresenis made in Eh! Senutg <br />Irstrraera:, Borrarer sad Lender further oouerrant std agtree as follow: <br />A. INTEREST RATE AND MONTHLY PAYM6N? CHANGES <br />Ttr Note prwldes far an initial iptetat rate of 10.500 X. Seetierr 2, 3, 4, 5, 6 am!<7 °cE -Y~11[°-' <br />Nate provide for draeprs in the irterst late sad lien mpthTp pryem[a, as iollois: <br />"Z. INTEREST <br />(A) Irrcerst Q+ad <br />Interst rill he charged an that part of principal which has rest beae podd, 6sylndrywm.ttiE. <br />date I receive principal and cantlrtriry until rte full aamnt of pritripd !rs heaa paid: <br />Begiming on the date I receive principal, I x111 pay interest at a yearly rape d ~; <br />Tte Ltertst rate I :rill peq mY clrrye ca the first day of rte moth of He„~~b.,r <br />and m that clay etiery 6th moth thereafter. Eadi date rn which the it~cer+est eats cau,ls <br />called an "Interest Ctrnge Dace." The new interest rate rill berme effective on eat Iritatwt <br />~ ~• The irrcerest isle I will pay shall rot eaoceed 13.990X. <br />(B) The indmc <br />Begirating with tie fiat Iateeeat Ctrg Date. ml iKerut rare will he brs~i m an Itrd's. 'ihs <br />'Tndw" is the tiedrly Auction Averags Rate on ttatttd States 'Treasury brills .with a maoaigr -af b.; <br />aonihs, as made available by rte Federal Reearve Hasrd. The most r'aCYt! Itdor fig+ue ae of tbR.+IAICa" <br />45 days before eah Interest Chotye Date Ls called the "Ciseerrc Itdmr". <br />7f tie 'codex is m layer available, the Note tblder will chose a taaw irdar tiirictt is bresd;upoe~., <br />caoQarable ittfonatian. The Note Holder will give 0e entice of this [lairs. <br />{C) Calnilation of Interest Rate Ctwrys <br />Before each Interest Ctrrge Due, the Nate Holder rill calatlate my ntr irltarest [a4t by>sddte~. <br />• 15p Pam Purt+ { X) [o the Cra~rar Indent. Tha Nate Holder wJll thert.railRd.. <br />tl~ie r~T of this addicioa m ec~~~ale-aig~teh of one petvert+!is Po1nt CO.l~j. 11t1s sr. <br />ammnt trill be ay nave itterest rate until the neat IRtreat Clrrge Date. Except the aiscJr~ lrltei+est, <br />rate atrll rot a 13.9901. <br />(D) Irmeerat After Defauk <br />Ttr itrxrwt rate rsqutred hY this Barris[ 2 is Ue ate I rill awe bath bsfotra aglL aftat as~- <br />default drectibad in Section 10(B) helve. <br />3. CALCULATION OF AMOUNTS OIASD EACH MONTH <br />Ire Noce balder will calarlate my Full Monthly Aatent. Ttw "Frrl1 Monthly Amornt" is ohs oar <br />of clr awthly payamt that mould he aufficieat to repay ire ut4aid P~P~ halaerea of apr loan in <br />full at the Lnceresc rare I a• required w pay by Sactiotr 2{A) std 2(G) above in subataatislly equal <br />P~ on ~LTI 2014 which is called the "meta[! date". <br />'loothly Astwt s .~SY-~-~~~~~~g Before each Interest Cfrrpe Date, the Note Holder rill <br />ratr„7.ra [he new Full !may ~u$-ohlch I vtll a+e ttar~2i m[th b~~g on rte filSt marehly <br />psymant date after the Itueraat Chrye Date. <br />ore Fuu Monthly Araart 1 owe may he mre or less ctmn the ammo I a required co pay each <br />mtYh. Section b helar states ire aeon[ of mY moachly payment azd tow it rill change. Section 5 <br />telaw describes ter ay ucpaid prinripal halame will drecye Tf rte assent of my mtthlp payaett send <br />the Flrl.l Mara:hlp Aaomt are different. <br />a . PAYl1HNTS <br />{A) Tito and Place of Payments <br />I wtll ptY P~P~ ctrl itnerest hY meklag PsY~s every month. <br />I `~ a~ ml' ~hlY Pmyments an the flat day of ead~ math oa <br />.,,i W4 ~9~.so ~_ ~1 aivff these pay~[s every month until I true pall ttr <br />ir+tatret any cBar®ta de0¢r#bad is an ttrt I mty we uodec rhia Kota. ty <br />.mthly pry^ents will be ~plled to iiveraat before prirrlpal. If I still own s uadar this <br />Nate ran the maturity data. *. will pay care aaourss in full on that date. Thane amanita could be <br />grvmtfar than t!m sort of ay .last mtn[hly pagemrt, before ttr maturity date. <br />I will allot mgr rxutrly psyaents at ?120 South 72nd Stt+oet, OaYtta, t~6raska 58124 or at a <br />dflfetant placae ii regrrirad by tta Kota Holder. <br />ABJiJSTAliLE f'AYt4ENT 4LST~ ~ N43h7k4 TRP.ASURY I?iDtA t . - <i F'ami 1V i <br /> <br />
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