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<br />84 - 002923
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<br />"jj 1!1 7 ".-')
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<br />ADJUSTABLE PAYMENT RIDER
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<br />'!HIS AIl.JUS'Il\BIE PAY!fl\lr R1lER is made this 3] s t day of ;:a y 1984 ani is
<br />incorporated into and shall be deemed to aIIII!rd ~ the Mortgage, Deed of Trust, or Deed to
<br />Secure Debt (tIE "Seeurity InstruEnt") of tIE sane date given by tIE tnlersil'1l'!d (tIE "Borrower") to
<br />secure Bo~-s Adjustable Paynmt Note to Tower Finsncial, Inc. (tIE 'lender") of tIE sane date
<br />(tIE "Note") ani ooueri~ tIE property described in tIE Security InstruDlmt ani looated at:
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<br />1 !))O \j" HIl!oHoo Grand tsL:-u.lJ
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<br />r~ebrJska G8t1vl
<br />(Property Address)
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<br />The Note Contains Provisions Allowing For Changes In The Interes t 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 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.
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<br />AIXlITICIW. ilJVElWlI'S. In addition to tIE COl1enard:S and agreaDel1tS made in tIE Security
<br />In;truDImt, Borrower am Lenler furt:lEr COY''''"OC am agree lIS follows:
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<br />A, INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />'The Note praoides for an initial. interest rate of 10, )uO %. Sect:loal 2, 3,4, S, 6 ani 7 of the
<br />Note provide for dl.aqJes in tIE interest rate ani tIE ~hly ~s, 118 f~:
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<br />"2. INTEREST
<br />(A) Interest Owed
<br />Interest will be c:haqed on thet part of principal which w not been pUd, beg1nn1qf on the
<br />date I rereive principal ani CCtt~ tmtll tIE full lDlUIlt of prlnc1pal baa been pUd.
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<br />~ on tIE date T ro>rei...., principal, I will ply interest at a yearly rateoc 10.500 %.
<br />n.e interest rate I willlBY llIlY ~ OIl tre first day of tre IlD<lth of December, 1'Jl>4
<br />ani OIl thst day "'"'ry 6th aooth thereafter. Each date 00 <otrl.ch tIE interest rate could c::I:,..e .is
<br />called on "Interest ~ Date." n.e new interest rate will bee.- effeet:iveon each Interest
<br />0laIllJI! Date. nle (flten'st rate I .'ill ruy mlall not ""reed 1 J, 990%.
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<br />(B) n.e Index'.i
<br />~ with tIE first Interest Cbqe !.late, my ll1ten8t rate will be bI.r!.manlDlls_'nt,
<br />''1ncIex'' is the Woeitly Aax%:lon Averap Rate on United States ~ bi11a with a .cunt;rClCL6
<br />~hs, _ -.Ie available by the Federal RMene Bami. The _t receIE Indexf1tl>!re_i,Qfi'.i"", ..
<br />45 days before each Interest Cbqe !.late is called tIE "CuI.'red: Index".
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<br />If tbe Ind",. is ao lotlge, ..v-ai1ab1e, the ~e lblder will c.'1ooee a _ indexotdd\u~.ue,t
<br />~1e infm.tioo. The Note Holder will give me ooc:ice of this c:boice. '
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<br />(C) ('",l""]"fiQl of Interest Rate ~ . . ".'
<br />Before ea:h Interest Cbqil!.late, the lbte Holder will calcuJatelll1-1!ll:elw.tratllli,~'.;;'
<br />l. 1)0 pe.rcerage points ( 3. ISO %) to the C\cent~. '!'be ~~'1oItU;"~\~
<br />~ rsut of this a:Id1t1on to the ....t oae-ei&Ilth of OQII~ pCltot (Oa~li~,.., /.;.;'"
<br />--- will te .. ... 1lbreot llW! until the _ Interwt ~ DIte. ~l'ttbNl~;ii~k
<br />rt~t€' shall U;)t (.~~'.d l J. 99(!:~. - - " -
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<br />3. CALCULATION OF AMOUNTS OWED EACH MONTH
<br />n.e ltte lIolder will calwlate 1111 Full MDoxhly AIDalt. The "Full Mal:ltl!J.y __"'1a'~:i"'"
<br />of the 1IOIlthly ~ that: wwld be suff1deut to ~ the lmpIid~pIl~afr' .-
<br />full at tie interest rate I .. required to ply ~ SectJogj 2(.\) ani 2(C)ablM in
<br />~ on Jun" i, 2011, , wtddl is called the ''maturity diIIte~.M1, . . ...': ",',
<br />lblthly Mlwt is U.S. $ :'34.04 ' Before ea:h Interest GtIIqJI. DIte, theNot:e~wUt
<br />c.all:ulat.. tIE tel Full !tlnthly AIualt wtdch I will ... eadl IIIlIlth ~ OIl the ffnt;JI!lIII:bly
<br />~ date after tIE Interest GtIIqJIllate. .
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<br />n. Full !blthl.y Mlwt I ... laY be IIPre or leas tlan tIE 8IQDt I .. ~ to Pl\Y''',-
<br />1IIlIlth. Soct:ion 4 below states the -.It of my 1EUhly plI)WDt and '-. it wU1.~. ~:S.
<br />below descti_ '- 1111 Iq)llid principal lBlan:e will ctIarwe if tIE -..c of 1II1111lllthl,. ~,..:,
<br />the Pull !blthl.y ........ are diffenn.
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<br />4. PAYMENTS
<br />(A,) 'ria lUI Pla:e of P.,..u
<br />I will ply pdndpal ani intelwt by IIIIk1Iw. ~ -IY 1IPIlth.
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<br />I will .... .. _l\1y ~ Illl tie Unit daJ .x eadl IIIlIlth ~ OIl
<br />~ aJ 'l~ .' I will..... tlaM ~lt ~ IIPIlth 1&11:11 I '--'. pUd aU tla
<br />iiit'iiiir'~ otNlr c.t.ra- dMcribed below that I .. 0WIt ..... thi8 Nat.. HT
<br />1IOIlthl)' ~ will be applied to inteQlJt before principal. If I still 0WIt ~ ...-r th1a
<br />Not:e 00 tha ..turity date, t will ply u- ____ in full CO thu dllte. n... __ c:oul4 te
<br />flI'Mtier u. the --- ot ., l.ut _hl)' ~ before tIE atu:r1ty date.
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<br />I will .... ., lIllIlthly ~ at 2120 SQlth 72nd SU8et, CWIlba, Ne~ 68124 or at a
<br />dUf_ plac.tI if reqldnd ~ the Note lIolder.
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<br />ADJVS!ABt..E; PAYMi.NT N'OTE (, :<<JNTH TREASURY ISDEX (1 - 4 FamIly)
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<br />rMC-024 ('Ie) (I'alle 1:
<br />Rev 2/84 (CAP
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