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r 83-006259 0060533-7 r ADJUSTABLE PAYMENT RIDER 1'IiIsADJUSTABlEPAYMENr RIIERis made this 23rd . day of November 1983 and is in=orpomtedintoand.shaU be deemed to ameIXl ~tthe~rt@i8ge. Deed otTru9t, or DeEd' to Se<;iIl:e. n.bt . (tie "SeCutityTnstIuDent") of the S8IIJa date:givell by the umers:lgl1ed( tie ''BOttoiOer~) to sec.;.reBozrolo1er~s AdjU!JtahlePayment NotetoToo.er Financial,Inc. (the "!.eIile1"') ofthe-~datec (tie "Note") and covering tie property described in tie Security Instruoentand1ocatedat: . 330 Pheasant Dr:l,ve, Grand Island, Nebraska68801 (Property Mdress) The Note Contains Provisions Allowing For Changes In The Interest Rate AndTlie 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 WIll BeAn 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 I.. Could Repay My Loan Before The Maturity Date. A1DTI'IDNAL CXlIIENANlS. In addition to tie covemnts and agreements made in tie Security lnstIUDent, Borroroer and Lenler. further covenant and agree as follows: ~I::~r:or~ ~=~~~tec:;rG~~. 500 %. Sections 2, 3, 4, 5 and 6 of the Note provide for changes in tie interest rate and the 1ICIIthly plymentS, as follows: "2. INTEREST (A) Interest o-l Intetest will he charged on that plrt of princtpa.l Web has not been paid, beglmIngon the date I receive prlnclpal and N'nHnning until tie full au:xnt of princtpa.l has been pdd. Beginn:I.ng <n tie date I receive principa.l, I will ply interest at a ~ly ra1f. of Qsl O. 500 %. The intamst rate I will .ray !lilY change on the first day of the IlIlIIth of une , - and on that day every nth IlIlIIth thereafter. Each date on which the mterest rate couJ.d~ is called. <n "Interest efiiiiigetate." The new interest rate will bec.cm! effective on each Interest c:b1qje IBte. (B) The IIXIex "T~~i~ wi~/~h~~rBf,e~ ~cnr,ff~t~st~i1fis= ~ma"&Jffl'Xof ~ IllOIl , as made available by the ~'ederal Reserve Board. Ihe JOOSt recent ~ tMF'~gftJlfSt.Ef~~~~~b~!late is called tie "Cltrrent IOOex". l If the IOOex is no longer available, the !bte !bIder will cb:lose a new inIeK which is base:! upon """P".....1;>1(' infotuation. The Note !bIder will give De rotice of this choice. (C) Calculation of Interest Rate 01anges Before each Interest Clsnge IEi.te . tie !bte HoIder will calculate my new interest rate by adding 3. ] 50 pereentage points ( 3 . Iso %) to the Cltrrent IOOex. The Note ~ will then rowxl the IesUlt()f this addition to the nearest o~ of one percelll:age ~ (O.~). This ~ aD:ltD: will he my new inteJ:est rate wtil the next Interest <hm8e !late. .:><cept t. l1'ax:iJiiuil nterest rate shall not exceed 13. 990~. (D) Interest After Default ne hlterest rate tequ:I.Ied by. this Section 2 is tie rate I will OWl! both before ani after any default clesl:ribed in Section 9(B) below. 3. CALCULATION OF ;U{OUNTS OWED EACH MONTH neNot,e Iblder will calculate my FUll Mmthly /m:u1t. ne "FUll Mmthly lm:uJ.t" is theaonmt of the DIlDtN.Y ~t tiBtc would be sufficient to replY the. UDJ.:8id principa.llBlan:e of my loan hi fullat tie. ~t rate I am reQuired to plY by Sections 2 (A) and 2(C) above in substantially equal pEl)I'I'eI1t8 011 December 1, 2013 , ..rom is ca1le:i the "l!Bturity date". My fi.J:st FUll ltxlthlY luaWl: is U.S. $ -,,,.5. 90 . Before each Interest <lIsnge !late, the !bte !blder will calculate the new FUll Mmthly /m:u1t .tdch I will OWl! each DOOth ~ on the first DDIlthly lB}'III!Qtdate after tie Interest 0Imge !late. ne FUll !txlthl.y /m:u1t I Ole my he rore or less than the aonnt I am required to pay each DX;lI!I:h. Section 4 below states the aonnt. of my lIOOl:hly pl}meIlt and lno1 it will change. Section 5 below descr1bes how my mps.id. pr:lndpa.l lBlan:e will change if the au:xnt of my lIIlllI:h1y plyneU: and the FUll ltxlthlY lmlunt are different. 4. PAYMENTS (A)~aod Pra.:e of . Pa)'lll!Dts I@{Qy ~pal aJd:interel>t by making plyneU:s every 1lIlIIth. 1 . will. DBka my 1ICIII:~ lByments <11 tie first day of each nmth beginning. on JaIJ\1aFY~, 1"84 . Iwillmake these payue;tts every 1ICIIthootilI have paid all the lIPiJJld,~'.xJd 1Qt~ atI!I any,ot~ ChargeS ~"'ibed below tblt I my 0Wl!. ~ this !bte. My ~"IB~~ will be applied. tQ:I.nteI:eilt befQre priJ:clpal. If I still Ole alIIllnts. Ulder . this ~til ~ tbl~ty date, I Will plY t:h:ls$ _ts in full on that date. Th:>se aonmts could be ~l:Alr .tl1rAi. tbllllll:Q1t of my .liI8t aq:Il:l\lYIB~before the I!Bturity date. 1 will.. my nr:mthly IB~ at. 2120 SQIlth 72m Street, QIaha., Nebraska 68124 or at a ~p.l.acoil ifrequilld. ~ tblNOt:e !bIder. ADJUSTA.llLE PAYMENT NOTE (, MONT!! TRl'ASl'RY nmrx (1 - I, Family) THC-005 (qc) (Page 1) (New 11/83)