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<br />I <br />84.- ~ 002280 <br />.J <br />ADJUSTABLE PAYMENT RIDER <br /> <br />i,l~~/_, <br />- , ' ,Aq08/' 15-R <br /> <br />1HIS /iDJUS'WIlE PAYlelI' RIIER is.-le tht.e JOtl' clay of April 1984, ml ia <br />1ncorponted 1ato lIIId lIbell be ~ to -.l ~ the It)rtllII8, Deed of TNd:, 01' DIed to <br />S-- IlIobl: (the "Security l1W~") of the _ date gl.wn by tie 1DIeft1Fed (tbt ~") to <br />-- ~. Ad~ ...,.. Nate to -r-r ~, IDe. (the "lAadtr") of the _ cIIte <br />(the "Nate") -' ~ the propKty deacribed in the Security l1W_ -' k1catI.s u: <br /> <br />1725 Frpp.rlom Or CrAT'ld Island N~~) <br /> <br />The Note Contain. Proviaiona Allowing For Change. In The Interear. Rate AM.corlie' <br />Monthly Par-nt And For Increa.e. In The Principal A80unt To Be aepaid. <br /> <br />The Note Alao Provide. For Calculation. Of Two Sepa-rate Montlily pa,aat ~..' <br />One Will Be The AIIount That I Muat Actually Pay Each Month. The OtMrW1l1.._ <br />AIIount That I Would Pay Each Month To Fully Repay The Loan On The 'MaturttyDit,i!'.. <br />Th1a Mean. That I Could Repay More Than I Originally BorrovecJ Or That t COU'ld' <br />Repay My Loan Before The Maturity Date. <br /> <br />AmmCIW. lD'mWn'S. In addltian to the CCIlllIlIEta ani .-. .... in tbIJ.~ <br />Im_, ~ and Lelller further ~ ... .. _ f~: <br /> <br /> <br />A. INTEREST RATE AIID KOlIITllLY PAY1II!:NT CRABGES <br />n. Nate pI'CllIi4aII for _ 1n1t1alillbnat tate of 1 (), 500 %. Scdaaa 2. 3, 4, 5. 6_.7Of'.': <br />Nate pmr1da for ct-.a in the tater.c tate -' the ~y ~, _ ~: <br /> <br />"2. INTEREST <br />(A) X-t (Md <br />X-t will be c::t.Ipd on that part of pdDc1pal .mtdl '- nat __ IUd. ~~aa tla <br />date I rs:et.. principal and ...-Inooi.. I8ltil the full _ of pI1ncipal '- __ ~ <br /> <br />~ on the date I recti.... pdnc1pal, I w.Ul pay i_t at a ,..-11 DIIlI of 10.500 %; <br />The 1atenl8t tate I w.Ul pay !laY chaqJe on the first day of the -" of November ~ ~ <br />and on that day every 6th lIIlI1th o-fter. Eadt date on wh1c:h the i_ZWC _ . _ ._ 1a <br />called on "Intenat a-. IlIlte." The.- 1ntenat rate will ~ effectiwon MCh ~t <br />a-. DIte.. 1""" intt-t'P'Et rMr : VI 11 .~w ",hi; 11 rot t-~Tf'€'ft 1'3. qqc'!. <br /> <br />(B) n. Inda <br />~ with the fint Intenat a-. Datle, ., iIlbnat rate w11l be ... on .. tDd8. ,. <br />'"IndIIl" 18 tile WIakly Aucdan A..... llate on llld.ted Statea ~ bWa with . ~. oL6 <br />~, - .-Ie awilabJe by the FedHal IWerw Jload. n. _t _ IIIdaa na- _ of tbIJ.... <br />45 ..,. before -=It Intenat a-. IlIlte 18 called the "Current Inda". <br /> <br />If the Index 1& no loIwtr ava1hble. the Note IIDlcler w11l cmc.e a... indIIa tHdI ia ~upQIl <br />~Ie tnfomaUon. The Note IIDlder will gI.... _ IttUle of th1a cl101ce. <br /> <br />(C) ('...1"'.1....1... of X-t Rate a...- <br />Before -=b Intenl8t a-. Date, the Noc:e IIDlder w11l calculate .., ... 1DI:enat rata bJ. addblI <br />1 . 1 Sfl ~ palJIta ( ~'. 1 '(' %) to tile CuneM IIIdaa. n. Nate IlD1.-: w.Ul ~ ftI8l. <br />the rwult of th1a add1t:Jao to the _t ~ of ex. pe-. paIat (0.1251). 'l'Ida~. <br />- w1ll be ., ... ~t - .aU the - ~ a-. Data. fxcel't the ...roO.ll1.1l' interest <br />~lt(' ~'Rll i'ct t'~t::t-t 1 ~. "'-"1(':'. <br />(D) x-nat After 1lIifa&lt <br />'l'Ia 1ntenat nlte nqulnd by th1a Sectian 2 1a the rata X w.Ul _ bath W_ _ after.. <br />cWa&lt cIiIacz1t.d in SectiAm 1O(B) ba1Gw. <br /> <br />3. CALCULATION OF AKOUMTS OWED EACH MONTH <br />The Note IlDl4Ir w11l calaalate ., Full Hlahly....... The "Full ~y ........ 18 the __ <br />of tile ~ ~ that -wi be IlIfficI.eIC to repay the .qajd pr1ndpal ___ of .., lc-. in <br />full at the 1ntenat rate I _ required to pay by Sect10nl 2(A) aad 2(C) __ in ...-..ctally equal <br />~ on "n j' (1 ! 6 . toihidl 1& called the ".eurtty elite". My fiDt Full <br />MaIIthly ...... 18 U.S. ~ 1 c " " Before e-=h lDtenat ChaqJlDate, the Note IIo14er w11l <br />calcWate the ... Full y AID.u toih1ch I w.Ul .,.. -=It lKtth beg1m1~ on the fime -"I.y <br />~ date after the lIltenat a..., Datle. <br />n. Full ~y ...... I .,.. !laY be Imre or Ieaa tl8n the _ I _ nquLred to pay -=b <br />lKtth. Section" be1DII __ the __ of ., ~y ..,..at and hw it w11l~. Section 5 <br />ba1Gw dIM:r1baa hw ., .qajd pr1nr:ipal balame will chaqJe if the _ of ., -"I.y ..,..at ani <br />the Full !blthI.y ...... are dilfenll:. <br /> <br />4. PAYMIIn'S <br />(A) n.. ... P.. of ~ <br />I w.Ul pay pnnctpal -' ilanat by ~ ~ _ry -". <br />I w.Ul .... ., -"I.y ~ all tile fint day <1 Md1 math ~ on <br />~ -.J"'~... ~ ~ ~~~ -:'t~..;~ ~~b-;: t= <br />...chly ...... w.Ul be ~ to ilanat before pr1nr:ipal. If I still .- _. .....1' th1a <br />... .. tha ..cunty .... t wUl pay em.. __ In full on that elite. 1baa __ coold be <br />-- tI-. the __ of ., lut _hly ..,.m before the..curity date. <br />X wUl .... ., -"1.1 ~ at 2l2D SaItb 72nd StnIC, ~. ~ 68124 or at a <br />dUfenI& place 1f nquLnd bo1 the b. IlDl4Ir. <br /> <br />ADJUSTAIU.E PAYMElff NOn: 6 !<<llffll TREASURY I N1JF.X (1 - :. fal1li 1 y) <br /> <br />",,:'~(-1_1~4 ~ q~~). I; P.!!ge <br />M.t~V ~'/R4 I'AF -') <br />