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F ('P2477R -9 CAPPED ONE -YEAR AIM RIDER TO THE MORTGAGE /DEED OF TRUST /TRUST INDENTU14J^ 002199 NOTICE: THIS SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. INCREASES IN THE INSESEST RAPE MAY RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE MAY RESULT In LOWCR PAYMENTS. This Rider is made this 26th day of April 1984 sed- 'ie� incorporated into and shall be deemed to amend and supplement the 1lortgage /Dead: of Trust /Trust Indenture (the "Security Instrument ") of the same data given by the undersigned (the "Borrower ") to secure Borrowers Note to Tower Financial,. Inc (the "Lender ") of the same date (the "Note ") and covering the property described in the Security Instrument and located at: _F1_�Crand island, Nebraska 68802 (Property Address) MODIFICATIONS. In addition to the covenants and agreements Made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note has an initial interest rate of 10.875 S. The interest rate-say-be; increased or decreased every 12th month on each "Change Date ", as described an the Note. Changes in the interest rate are governed by the level of the.Indes as,- defined in the Note. The Index is the weekly average yield on United Statse._ Treasury securities adjusted to a constant maturity of one year, as publisbed by the Federal Reserve Board. The maximum change in the interest rate at any one time is 2 percentage points. The maximum interest rate is 14.990 %. The monthly payment amount may be adjusted every 12tu month to take effect oa the month following each Change Date as described in the Note. The new monthly payment amount is based on the interest rate in effect on the Change Date and will remain in effect until the month following the next succeeding Change Date. B. LOAN CHARGES If the loan secured by the Security Instrument is subject to a law which sets maximum interest rates and loan charges and that law is finally interpreted to that the interest or other loan charges collected or to be collected in connection with the loan would exceed permitted limits, then: (i) the interest rate or any such loan charge shall be reduced to the permitted limit; and (ii) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal of the Note or by making a direct payment to Borrower. C. CONVERSION FEATURE. The Note contains the following provisions permitting conversion to a fixed interest rate and payments: (i) Provided Borrower is current with respect to all payments due on the Note for twelve months prior to the first, second, third, or fourth Change Date, Borrower may, at Borrower's option, modify the repayment terms of the indebtedness secured hereby on the first, second, third, or fourth Change Date (defined in paragraph 4 of the Note). At that time, Borrower may convert the adjustable rate loan evidenced by the Note into a fixed interest rate loan to be fully repaid in equal monthly payments of principal and interest over the remaining term of this loan (i.e., 29, 28, 27, or 26 years, depending on the conversion date selected). (ii) Exercise of Fixed Rate Option. (a) Request for Quotation. If Borrower is interested in converting this loan, Borrower must notify the Lender, in writing, that Borrower wishes to have a fixed rate and payment quoted. Borrower must send this request for quotation after receiving a Notice of Periodic Adjustment under Section 4 of the Note and at least 30 days before the Change Date. (b) Quotation. When the Lender receives Borrower's request for quotation, the Lender will send Borrower a notice quoting the fixed rate and Payment being offered and the conversion fee which Borrower will have to pay if Borrower decides to convert. The conversion fee will not exceed X of the unpaid principal balance of this loan on the Change Date. The Lender will send this quotation at Least 20 but no more than 30 days before the Change Date. 7MC. -029 i qc ± l Fake ; Roe• :!S. ,:AE e, �r*w IN-