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r 83- 006257 ADJUSTABLE PAYMENT RIDER TIllS AWUSTABIE PA'iMENrRllllR is made this 23rddayof November 1983am'1S incorpn:l,lted intOam8bal1 be de8nerJ- to 8lISIi~tthe M:lI:t~. Deed of Tru8t'; or Deed/to: SeClire~'(~"~ fus~t")oftresauedateg1ven by tIE ~:(tbe"~')t:<i.i seciJtl!MItqWIi!r's-Ad:1\l9tablePaynSlt tbte. to TOl\1i!r Finandal, Inc. (the '1aKler~) .of .tbesaa-i date' (tbe"'!bt:e")amco\ler'1ngthe ..property described in the Security lnstIUDel1tandlcicated' at:' 0060610-5 11...",.._1. WnndRiver Nebraska 68883 . '. . . . (Property Addt:ess) The Note, Contains Provisions Allowing For Changes In The Interest .Rate And.iTh~ Monthly Payment And FOr Increases Inu 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 Will: Be..An Amount That I Would Pay Each Month To Fully Repay The- Loan On The .Maturity.Date_ ThiS Means That I Could Repay More Than I Originally Borrowed.. Or . That r Coilld'- Repay'My Loan Before The Maturity Date. AlllITlONAL 00IIENANlS. In additioo to the covenants and agreeoEnta made in the Security fustnloent, Borrower aadI.axler further coveoant and agree as foll"",,: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 10.500%. Sections 2, 3, 4, 5 and 6 oftbe' Note provide for changes in the interest rate and the 1IIlI1thly piyoents, as follows: "2. INTEREST (A) Interest Ooled Interest...u1. be charged 00 that pitt of pdnci.pil 'Iih1.ch has not been paid, beg:Inn1ngOll the date I receive fdnclpBl and NrIHnnlng until the full aoowt of principal has been paid. lleg:I.nn1ng 00 tbe' date I receive princ:l.pal, I will piy interest at a yearly rate of 10.500%. The interest rate I will piy nay change on the first day of tIE llWJllth of June 1, 1984 and 00 ttat day every 6th IOOIIth thereafter. Each date on..tUch the iriterest rate couldcl1aq!e.is called <n "Interest ~Date." The new interest rate will beccme effective on each Interest <::ImI8e LBte. (B) ne Index llegim1ng with the first Interest Olange Date Il1Y interest rate will IE based 00 an Index. The "InIex" is the Weekly Auction Average Rate 00 UnIted States Treasury bills with a maturity of 6 IOOnths , as made avaUahle by tIE Federal Reserve Board. The 1IDSt. recent ~ tlgur:e. as. of. the date 45 da)'S before each Interest. Q1ange Date is calle;! the "<l1rrent Index", . interest t'l\te I will pay shall not exceed 13. Q90%. . If the InIex is no loq:er avaUahle, tIE Note Holder will cOOose a new iniex ..tUch is based upon <XIlIp!lIable 1nfoIDBtion. The Note Holder will give me mtice of this croice. (C) Calculati<n of Interest Rate ~ Before each Interest Olange Date, the Note Holder will calculate my new interest rate by adding 1 ~ perceIlta&e points ( 3 . 150 %) to tIE Current Index. . The No. te. IIQl.der will. then. IOlIIXi.. the tof this addition to the nearest one-eighth of one percentljge point (0.125%). 'Thill rounded IlDIlWt will be lIlY new interest rate mtil tIE next Interest ~ Date. F~ept the Illl!ld.mLun interest rate shall not exceed 13.990%. (D) Interest After Defalllt The interest ~ required by thls Section 2 is the rate I will awe both before and after any default described in Section 9(B) below. 3. CAI.CULATION OF AMOUNTS OWED EACH MONTH 'De Note. Holda" will calc;ulate myFullltlothly lIDomt. The "Full ~y lIDomt" is the lIIIll1nt of the lIICI1thly pa~ tiBI: liOUld be sufficient to repay tIE wpaid prlndpal lBlance of my loen in full. at the intereSt ra~ I am required to piy by Sections 2(A) and 2(C) above insubstantially equal paymeots 011 rpr hp~ 1 21)13 , ..tUch is calle;! the "maturity date''. My. fixst Full Mxlthly IGl:uit s O~. . 41~. Before each Interest 0Ia0ge Date, the Note Holder will ca1cu1ate the new Full ltlothly . ..tUch I w.Ul awe each DOOth beg:Inn1ng 00 tIE first uoothly payment date afl'er the Interest <hmge Date. 'De. Full ~y lIDomt I awe nay IE mIla or less than the lIIIll1nt I am requ:IJ:ed to pay each mcnth. Section 4 below states tIE aoowt of my lIIlI1thly pa}'lllent and row it will cbwge. Section 5 below de.sctibes row my unpa:I.d prlndpal 1:&lance will change if the BIOOOOt of my uoothly paynBlt and the M1 MD:hl.y ;\IDJunt are different. 4. PAYMENTS t,\)~apd P~ofPayoents I:.W;I.lJ. ~y,~pel. aliiiilterest by makil:1g piymeots. every IQlth. I >dJl.... my IQlthly piyments m the first day of each mcnth ~ on 1 1984 " I will, make 1:heea payments every 1IIlI1th mtil I have p.rld all the , ........ > .lII1Yotbei ~ described below tbl.t I DYrj awe IIIldI:n- this Note. My payments. willIE app1ie4 to 1ntexest before pr1nd.pal. If I still awe _ts lIlder this tli~ On tbe~tydate, I will ply tIKise. ~in full on tbl.t date. 100se aoounts coold be ~ter.tbso. tbe. ~of my ~ lIIlI1thly~before the l18t;ur1ty date. I will. my DDDthly piya!llts at. 2120 Squth. 72n:i Street, Qmha, Nebraska 68124 or at a diff!lt'eDl:Place.if i'equi~ by tbeNofe llolder. ADJUSTABLE. PAYHENT NOn: 6 }IONTH TREASURY INDEX (1 - t. Fami1y) TMC-005 (qc) (Page 1) (New 11/83)