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<br />83--006488
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<br />ADJUSTABLE PAYMENT RIDER
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<br />'IHISADJl5TABIE.p~ RIJEl. is mde this P t h day of Coecel1,ber 1933 and is
<br />~ into and sballbe deemed to 8I1Illld ~t the~, Deed of Trust, or Deed to
<br />~nebt (the"SecuI;1ty Insl:r:uIIeIlt") of the same date.giwn by tn. undersigned (the"Borrower~) to
<br />SIll:lD:e Bormoer's Adjustable l'ayuJant lbte to Tower FimDcial, Inc. (the ''LeaJer'') of tbe same date.
<br />(tbio- ""!bte") and <XM!I'1ng the pt'I>p!rty desc.r.ibed in the Security InstnJDellt and located at:
<br />
<br />11~_ \L _14th~ ('r<Jnd Island. r~ebrHskB ()8HOl
<br />(Property Address)
<br />
<br />The No.te Contains Provisions Allowing For Changes In The Interest Rate And The
<br />Monthly Payment And For Increases In The Principal Amount To Be Repaid.
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<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 Would Pay Each Month To Fully Repay The Loan On The l1aturity Date.
<br />This Means That I Could Repay More Than I Originally Borrowed Or That I Could
<br />Repay My Loan Before The l1aturity Date.
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<br />AIJl1:TIi&L <lJIIENANlS. In additi<XI to the CI:M'!DlIlItS and agxeements mde in the Secur.l.t:y
<br />Insl:J:lDent, Borrower and Le<Iler further o:r::nant and agree as fol.lar.s:
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<br />A. INTEREST !lATE AND MONTHLY PAYMENT CHANGF;s 'r.
<br />TheNclte p;uvides for an initial interest rate of J Ii. '0'''. %. Sections 2, 3, 4, 5 and 6 of the Note
<br />provide for ~ in the inten!st rate and the lIIXlthly pl.ymeots, as fol.1<:ll.8:
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<br />"2. INTEREST
<br />(A) Inmmsc C\oJed
<br />Inrel:est will be chIu:ged <XI that part of prireipal .trlch has not been paid, begUm:I.og <XI the
<br />date I receive pr:incipal and """";.-wring \Dtil the full aJD.nt of pdnc:1tlal1Ds been prld.
<br />llsg1naing <XI the date I receivoe pdnc:1tlal, I willlBY interest at a ~r:trtaqe o~ '; ;". 5f'1\ %.
<br />The inteJ:e&t rate I will psy :rIlY clalge on the first day of tn. lIIlll1th of . i'. V '"
<br />and OQ tlat day EMUy i. r ". lIIlll1th thereafter. Each date on .trlch the inteIest tate could ~ is
<br />called <Xl 'interest t1iiiiijii!tlat:e." The. t'lO!W interest rate will becaIIe effective <XI each Interest
<br />Ollqa illite.
<br />
<br />(B) The. InQ!ot
<br />llegiming withthe first ~t ~ tlat:e,W ~~ ~~..~~,~ ~,~,,~o' ;J,b!
<br />"Index" is the ;_-~'f':'_ly .:'J.,>(~t:c'i:' ,-_\,-~!n:"'f' :",t~ cr 'r).._,"-' _-~,li.t..,: l',..-_,u ,; ,_<_~" '..L ., ... ,,,,--, ~~ '
<br />"'''''.tics , as IIIIlIe awilable by tie FI'dera.L Reserve Board. The at recent IiIQI!x
<br />~,,~ ~t~ ~ i.~}~;]~,~,~~ l>>te is c.alled the "llirrent Ialelt". ..,
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<br />If the lBlet is no ~ lMl1lable, tl2 !'bte iillder will croose a new 1rdex .trlch is laaed \.pan
<br />'"""""....\)1.. 1nfom&don. The lbte !bIder will give De n:ltice of this clxlice.
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<br />(C) ('.A1r..lA~inn of Interest Rate ~
<br />Before each Intetest ChlIrqp! l>>te, the lbte llo1der will calc:ulaI:e my t'lO!W inten!st rate by adding
<br />'.1 ';1\ ~. points ( ".: '0 :t) to tie QJrrent Indelt. The lbte lblder will then rouod
<br />the ~ of thia additia.1 to the ooarest ~ of one perceot.a&e ~ (9..,lOO....~i~ ~t
<br />amunt will be QI!V intIlrest tate \Dtil the next Interest N.._ Date. . ,C"i \ "'-" lu"ff. ... . .... .
<br />1"''-.lh'" st~11 !n~}<;~x' i"."i"d\~.. -~
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<br />(D) !nl:lIrest After Dafault
<br />1ha UIt8nat rate nquinld by this Sectia.1 2 is the rate I will owe both before and after any
<br />deAult dIecribed in SeI:t1on 9(8) below.
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<br />3. CALCIlLATION OF AMOUNTS OWED EACa MONTH
<br />1ha Note lbli:iIr will cal.culate my Fullltlathly AaI:u1t. The "Full ~y AaI:u1t" is the _t
<br />of the -z:bly ~ tlaI; 'l<<lUld be .d'fi,.i_ to mpay tn. oope.jd prind.pall:alaDce of my lam1n
<br />full at the intm:est rate I.. teqDi.ted to psy by Sect:1cos 2(A) aod 2(C) abcNe1n substantially equal
<br />~ OIl January 1. ;>i'P . .aum is c.alled the "llIIl:Urlt:y date". My first full
<br />lbathly lIu.at is U.s. $ _".,h. Before each Intemst 0lllD8f! Date, tn. Note Iblder will
<br />e.a1.c:u1ate the..., P\iU !tlaChly JeDm: \.tdch I will owe each llIlDI:h begUm:I.og co the first 1IaIthly
<br />~ dlIra after the Intm:e8t 0Isa8e l>>te.
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<br />'Ibt Full ltlathly AaI:u1t I owe IIBY be lime or less than tl2 -.oot I am requiX1!d to PAY each
<br />math. Sect:Ial 4 belaiI states tie aIIlUDt of my lIIXlthly pl.)'llIl!rIt ancl bJw it will clBqje. Section 5
<br />below deiIc:rlllM bJw my mpdd pdnclpal bBlance will <:!lanse if the _t of my lIIXlthly pl.}'III!I1t and
<br />the FnU !t:lathly .-..:.t are d1ffexmt.
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<br />4. PAnourrS
<br />W 'filIaand ~ of Pa)wmta
<br />I w1ll t:a7 ~ and 1l.1tImlttt by IIlaId:qJ plY\MIta every lllllllth.
<br />
<br />r,.t~,,~ l~;lB'f'~1 ==- :.. ~ e~; ~ ~ ~ ~ e:
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<br />...__ _ _ t!/lJ'f Ol:IKc ~. deBertbed belaiI that I ray owe I.IllIIer t:IrI.a Ibte. My
<br />--W ,.,..a. w1ll la appl1ed to 1ntenlIt. befo1:e~. If I st11l owe SDJDts I.IllIIer this
<br />~ (lQ the ~I:Y lIIIta. I will psy to- _ .in full 011 t1Bt. date. 1b:>8e IIIIDIIlt8 could be
<br />___ thMthe __ of my last ~ ~ befo1:e the lIlItUrit:y date.
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<br />I will ..... my 1lIlIlt1lJ.y ~ at 2l2O South 72nd Stt'eet, QI8ba, Nebm8lra 681.24 or at a
<br />~ ~1f ~ 1:Jythe fobta Iblder.
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<br />ntc-005 (>lc) (Page 1)
<br />(11.,,, It/83)
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