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I 84--;>02805 0908453-0 ADJUSTABLE PAYMENT RIDER ,'lHIS AIllUSTABIE PA'M:Nr RllER is made this24th day of Nay 1984 an:! is incorporated into an:! shall be deemed to amend ~ the Mortgaae, Deed of Tnlst, or Deed to Secure Debt (the "Security,Instrument") of the SlIDe date given by the umemi~ (the ''Borrower'') to Sl!OJre Borrower's Adjustable Payment Note to Tower Financial, Inc. (the ''I.ender'') of the same date (the "Note") an:! coveriqJ the property described :In the Security Instr\lll!lll: an:I located at: r !tOft. Nllhi ~ C;li TO, N..hraska 68824 (Property Address) The Note Contains provisions Allowing For Changes In The Interest Rate And The 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 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 I Could Repay My Loan Before The Maturity Date. A1DmCIW. CDVm\Nl'S. In addition to the covenants an:! agreements made :In the SecUrity Imtrument, Borrower an:! Lender further covenart: ani. agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note ptaYides for an :!nidal interest rate ofl0.500 :t. Sect:lonl 2, 3,4, 5, 6811t'7 'ofo~" Note provide for dvIqj,es :In the interest rate ani. the ~hly JBYIIIBI1ts, as f~: "2. INTEREST (A) Interest Owed Intenst will be charged on tlBt part of prindpal >ihich hils rot bee1 p&jd,~,ontlle date I ra:eiVO! pr.:lnc1pal an:I cadnJ1ng until the full aaDJIIt of principal hils been pWi. Beginning on the date I receive pr:lncipal, I will pay interest at a yearly rate ofro .500 %~' The interest rate I will pay IlBY ~ on the first day of the DDDth of December, 1!:1114 an:I on that day every 6th lIDIIth thereafter. Ead1 date on which the interest rate cau1d~iU called on "Interest Change Date." The new interest rate will becaDe effective OIl eacb IDt8!8It ~ Date. The interest rate I will I'lY shall not exceed 13.990%. (B) The Index , ,0'''' Beginning with the first Interest Change Date, my interest rate will be brlEdonan<rill:lez. , 'lbe,;' '"Index'" is the Weekly Auction AveJ:a8e Rate on United States Treasury bills with a _tud.ty, of, 6' 1Ialths, as made available by the Federal Reserve Boou:d. 'lbe 1IIlSt ncent 1ndex,f1gureas of;tbecdat:&i 45 days before eacb Interest Change Date is called the "Current Indelt". L If the Indelt is no longer available, the Note Holder will choose anew, io.ielt 10bich isbl8edl1p)D' ~le infOIIIBtiori. The Note Holder will give me rotice of this choice. (C) Calallatioo of Interest Rate Olanges Before ea::h Interest Change Date, the Note Holder will calculate my new interestratebylllldlJw ~. ~ pera!lIta8e points (3. 150 %) to the Current Index. The Notellolder; willtbeD,~ of this addition to the nearest one-eigbth of one pe~ point (0.125%). 'lb1lIJ"1i~i aaDJIIt will be my new :Interest rate until the next Interest 0lllIw= Date. Except the mlIxinUn, in~~Ii' rate shall not exceed 13, 990%. (D) Interest After Defa1lt The :Interest rate tequ1red by this Section 2 is the rate I will OWl! bath beforelllll 'after aIIJ defallt described :In Section 10(B) below. , 3. CALCULATION OF AMOUNTS OWED EACH MONTH The Note Holder will calculate my Full Monthly ADDunt. The '"Full Monthly ADDunt" is the .-unt of the lIIlIlI:hly p&yIII!DI: that would be sufficient to repay the lIIl(l8id pdnclpll. balance of my 108l1.:In full at the interest rate I aIIl required to pay by Sectiom 2(A) ani. 2(C) above in substallt:lally eqW pllJlIIImts on June 1, 2014 ,1obich is called the '"lI8turity date'". My first Full ~"Ehly AlDDt is U.S. $ 746.98 Before each Interest ~ Date, the Note Holder will calculate the 181 Full !otmt@.y AIIDInt !.hich I will owe each lIDIIth begirm1~ on the first DD.nu.y payEnt date after the Interest ~ Date. The Full Monthly AIIDInt I owe I18Y be DDre or less tlBn the IIIIDUIlt I aIIl required to pay ea::h lIIlIlI:h. Section 4 beloIi states the aIIIUIt of my lIIXEhly p&yIII!DI: and how it will chaqjje. Sectioo 5 below describes how my tqlilid principal bala,lCe will chaqjje if the IIIIDUIlt of my lID\lthly ~ ani. the FullltJnth1y AIIDInt are different. 4, PAYMENTS (A) T1JE aRI. Place of P&ylEI1ts I will pay pdDcipal an:! inteJ:aIt by ~ payments every IlIllltn. I will 1llIIke my llDnthly p8)I\III!ntS <Xl the first day of each llIllIth begirm111l on ~~ .~~ . I will 1llIIke these payments e'.IlOry DDDth until I have paid all the t and any other char8es described beloIi that I 1lI8y owe under this Note. My _hly payments will be applied to :Interest before principal. If I still owe IIIIDUIltS umer this Note on the ...turity date, I will psy tInie 8IUJIlts :In full on that date. nx- 8IIIlUIIt8 could Ie greater tlw1 tt. G:lURt of qr last DDDthly payment before the lIBturity date. I will 1llIIke III:f aonthly ~ at 2120 South 72nd Street, Qasha, Nebraska 68124 or at a diffel'8nt place if required by the Note lIolder. ADJUSTABLE PAYMENT NOTE 6 MONTH TREASURY lNDEX (l - 4 Family) rM:C-iJ21, (q..-:) {Pag.." R('v .:. iK4 (CAP