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<br />84 - 002807
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<br />i)Q(1B455-A
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<br />ADJUSTABLE PAYMENT RIDER
<br />
<br />'IHIS AIlJUSTABlE PAYMlNr RIIER is made this 24 th day of May 1984 ani is
<br />incorpozated into ani shall be deeDed to <mlerr:I ani atpp1ement the !ok:lrtgage, Deed of Trust, or Deed to
<br />Secure Debt (tbe "Security InstruDl!nt") of tbe SlIIIe date given by tIE tnlersigna\ (tIE '1lorr""""r") to
<br />secure Borrower's Adjustable Payment Note to T""""r Financial, Inc. (the "Lender") of the saIII! date
<br />(tIE "Note") ani coveri~ tIE property described in tIE Security Instnlllenl: an:! located at:
<br />
<br />608 E. Sunset, Grand Island, ~ebraska 68801
<br />(Property Address)
<br />
<br />The Note Contains Provisions Allowing For Changes In The Interest Rate And The
<br />Monthly Payment And For Increases In The Principal Amount To Be Repaid.
<br />
<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 Maturity Date.
<br />This Means That I Could Repay More Than I Originally Borrowed Or That I Could
<br />Repay My Loan Before The Maturity Date,
<br />
<br />AOOmllW. mVENANl'S. In addition to tIE cavenants ani agreements made in the Security
<br />InstlUlllent, BorrcJoler ani Lenler furtlEr covenant ani agree as follows:
<br />
<br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note provides for an initial interest rate of 10.500 :t. Sect10rB 2, 3, 4, 5, 6 ani 7 of the
<br />Note pl'OYide for chaqp!s in tIE interest zate an:! tIE IIDtIthly ~s, as fnliDle:
<br />
<br />"2. INTEREST
<br />(A) Interest Qwej
<br />Interest will be charged 011 tlBt part of principal which has mt been paid, begl.nDiqpm the
<br />date I 1'llCeiVll! principal and cortiroing until tIE full mnmt of principal has been p&1d.
<br />~ on tIE date I receive principal, I will pay interest at a ~Iy nte of 10.500 I';
<br />The interest zate I will pay DBY change on tIE first day of tIE DDnth of December, 1 ~64
<br />and 011 that day every 6th IIDIlth thereafter. Each date 011 ~ch the interest rate cwld chaI:ea is
<br />called on "Interest ChaIll!e Date.will" The new interest ratelwilJ,,~ effective on each:rntenst
<br />Olanae Date. The interest" rate I pay shall rot exceed :J.'hm::-
<br />
<br />(B) The Inlex "",
<br />Begimrlng with tIE first Interest ~ Date, my interest rate will be buedOllan,T~.' ,,' 'l1iI!;:'
<br />"Index" is the Weekly Auction AVII!I:a8I! Rate OIl United States 'I'reaaJry bI.ll$, with a .au:i"ty, oE6'
<br />months, as made available by tIE Federal Reserve Board. The _t~ Inlexf1gure'aB'of,'tbe"ai,tec
<br />45 days before each Interest ~ Date is called tIE "CurreIf; IIIIelt".
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<br />If the Index is 00 l<ln!J>r available, the Note !bIder will cIDcse a new indelt~d1: ia:""",,,~
<br />~le infOJ:"'t:ion. The Note !bIder will give De rotice of this d1oice. "
<br />
<br />(C) Calculation of Interest Rate awmges '. .. . "
<br />, Before each Interest c:Illqe Date~ the Note !bIder will calculate my new ~t~\~.I!<l~f'''C:"
<br />3 . 150 peramtage pal.nts ( 3.1 0 %) to the Current Inlex. 1be Note~:: . "',
<br />the result Of this addition to tIE IIlllIl'eJt one-eigbth of one~pWlI;. (0.12511~... ..~, ':.
<br />mnmt will be .., new interest rate until the next Irurest Qlazw!. Date. El<<:ept. the 1IIlIld,DUiI:,,\,
<br />rate shall not exceed 13.990%.
<br />(D) InteJ:est After Defa< '. . .,"'.
<br />1be intea!&t rate requ1red by this Section 2 is the rate I will. QlIllbathl:efQm'_~~"~"'~"'"
<br />defallt described in Section 100B) below. ,''',\'",''.,.
<br />
<br />3. CALCULATION OF AMOUNTS OWED EACH MONTH
<br />The Note !bIder will calculate .., Full Monthly AIulnt. 1be''Full ~y ,AIIlMlt" I.l!......
<br />of the lIIXIth1y psyIIlOI1t that WI'JUld be 91ffid.ent to repay the iqllIid ~ ~ of~,;~4I.
<br />full at tbe interest late I am required to ps.y by Sectio.. 2(A) ani 2(C)ab:Nein.sublltl!IIt~~~
<br />psyIIIlIIts OIl June 1, 2014 , ~d1 is called the .....turity date". . ~fitlilti:FU:1J,E;'
<br />~y ADDomt is U.S. $ :lV.48 Before each Interest CI:mwe Date, tbe. Nota ~rwilt
<br />calculate tbe Ill!Ii Full ltltlthly AIIDmt 10idch I will .- each DDnth begI.m1~ OIl the f1tli1t. lIIlIlth1y
<br />payIIi!Dt date after tIE Interest c:Illqe Date. '
<br />The Full ltlOChly tlm:lunt I """" DBY be IIDre or less thin tIE -.nt I all requ1reci to pay eIICh
<br />DDnth. Sect:lon 4 below states the -.nt of my IIDd:hly p8)'IIEDt and row it will <:hsqJe. Seo;t1,Oo 5
<br />below describes row .., tql8id principal b8laR:e will chaqje if tIE -.nt of my IIDd:hly ps.)IIEIIt. and
<br />tIE FullltlOChly AIIDmt are diffe~.
<br />
<br />4. PAYMENTS
<br />(A) TiDe am Place of P&yIEIQ
<br />I will ps.y principal an:! interest by ~ ps.yaents every 1IDIlth.
<br />I will lIIlIke .., lIDothly psyIIIeDtS en tIE first day of each 1UII:h ~. on
<br />July 1. 1984 . I will IIlIIlre these payllleDts every IIDd:h until I have paid all tbe
<br />principal and interest and my other charsas described below that I DBY .- \BIer this Note. ~
<br />1IQIthly ps.yaents will be applied to interESt before principal. If I still .- -.nts unler this
<br />Not4 OIl the maturity date, I will pay those ~ in full on that date. DXlge ~ cwl.d be
<br />greater tb8n tbe aDJIlt of Illy last DDnthly ps.yment before tIE ...turity date.
<br />I will IlIlIke .., llDothly pa)'IIlI!Ot8 at 2120 Sooth 120d Street, OIaha, Nebraska 68124 or at a
<br />differem: place if required by tIE Note !bIder.
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<br />ft.j)J'USTABLE PAYMENT NOTE 6 t40NTH TREASURY INDEX (1.- ~ Faa~ily)
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<br />TMC-024 (qc) (Page 1)
<br />Rev 2/84 (CAP 2)
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