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<br />'. 003276
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<br />ADJUSTABLE PAYMENT>RIDER
<br />'IBIS ADJl]STAlllBPA'M'.Nl' RIlERis mildethis 20th#y of June19~4 . ..~~
<br />:lnCorpoxated into am sbaJ,l' hl. di!emed' toaJll!lld~.~Mbrt8!l&\!jDeell ofTtUSt:,or~tX:l:: . .."
<br />Se:utie lJi!bt (t1:e "Secudty ~~).oftb!seme.dategb'!l1byt1:e~~(tlia/~t~~.'to:.. .
<br />SI!arce..' ~& Ad,jJ&t:ab1e PIl,YlIlE!l1t ..Note'. to ...~FfDeDci.al,Inil.(D1e'.'f"""",...};Qfi !bf!'~~;,!.."
<br />(t1:e "Note") am cover.1qJ t1:e prq,etty descri1ied ii1t1:eSecutityImtml!eDtiiid]olzati!!lt at:~; , ,
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<br />09Of'SOc}-2
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<br />415. vi nth. St., (;rilorl I,;land, N..t-ra.ska681S01 ' ..i'i .';,;.
<br />(l'topettyAda:lRS8 }
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<br />The Note Contains Provisions AllonngFor Changes Xn The1ntetestRAt~A11d.(4h:~
<br />Monthly Payml!ntAnd For Increases In The Principal AuIount To Be Repaid. (i.i.!i
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<br />The Note Also Provides For Calculations Of Two Separate' Monthly paYlllf!nt.i\DIou~tS\ '
<br />One Will Be The Amount That 1 Must Actually Pay Each Mom:h. TheOtherW'1ll~;l!An
<br />Amount That I Would Pay Each Month To Fully Repay The Loan On The~tu1:'itY"D~te.i
<br />This Means That 1 Could Repay More Than 1 Originally Borroved Or That I'; Could
<br />Repay My Loan Before The Maturity Date,
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<br />AOOIT!Cf((M. <DVE1lANI'S. In addition to the covenantsani"81"~s
<br />Iml:l:ullllmt, BoI'tl::Wer ani Len:ler further covenant ani agree as fo11ows:
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<br />A. .INTEREST RATE AND MONTBLY PAYMENT CHANGES
<br />1be Nl>te prov1des for an initial. interest rate of to. HT5%. Sectioos 2,3,4, 5,
<br />Nol:eprorlde.for cilsqjes int1:e interest rate anithem:mthly~, asfolliloB:
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<br />.. 2. INTEREST
<br />(A) Interest Owed
<br />lDI:ere9t will hl charged on trnt pert ofpnncipal whichhas.OOC: beeopdd,~onithe;
<br />date I receive principal. ani contiIuing um::U t1:e full 8IIIJUlIt of princ1palha& baen peid.
<br />Ileg1nning on t1:e dateIrece1' m:incipal,I will psyinterestata yearly Tate of . lQ.871i%;'
<br />The interest tate I will pay may cll<F.,. on the first day of t1:e lIDtlth of . J<'nuary, 19~,5
<br />ani 00 that day every 6th 1lDllth thereafter. Fac:h' date on web the1nterest ratecould'chl<nge'is
<br />called on "Interest ~ Date,." , }ffi t1E!l:' tneerest rate Idl~ l:Ii!<:ale effective on each IntereSt
<br />~-Date. n\f:~Jntert:s( l:,":'j<-'--:', ,:=:11 ~fiiY t3fj",g11 r;<}:( '-;H:of4;:1::! l.:}.'jy{J,{,~
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<br />(B) The fu:lex
<br />~ with t1:e first Interest Change Date, my interest rate willbelBsedonan Index. The.
<br />"!OOex" is the Weekly l\uct1on A~ Rate on United States 1'reasuryb1lls with allllltJJl:i.ty of 6
<br />nwths, as made available by t1:e Federal Reserve Boaxd. 1be,lIXl6t 1:l!Cel1t lndexfigure as oft1:e..date
<br />45 days before each Interest Chllnge Date is called t1:e "Curren!: Index";
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<br />If the Index is no 100ger available. the Note Holder will croooe a new index Ioihid:t is based upon
<br />~le infomu:ion. The rbte I!(>lder will give me notice of this choice.
<br />
<br />(C) r...lrnlatlon of Interest Rate 01anges
<br />Before each Interest Change Date. tre !bee Holder will calcu1ate my neIl' interest rate by adding
<br />:<.OO(). percentage paints ( 3.1)(:0 %) tot1:eCur'rent Io:Ielt. TheNote~rwilll:hePrQUn:l
<br />t1:e ~t of this addition. to t1:e nearest' ooe-e1ghthof one pe~ poillt (0.125%). Th:is. l'OUQ;Ied
<br />_t will be my ~ interest rate until t1:e next Interest ~ Date. E,:<;""t th" ',1iJY.i=' interest
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<br />n;t:c ShillJ- t.ot exo;~: 1 t~.. Q9-r<<.
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<br />(P) ~t After DefaUt
<br />1be ~t .tate required by this Se<:tian 2 is tm tate 1 will owe both before an:Iafter any
<br />defa1lt delIcrlbed. in Section IO(B) ~.
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<br />3. CALCULATION OF ~UNTS OWED EACH MONTH
<br />The. Note lIolder will calculate my Full l-klnthly Am:lunt. The. "Full l-klnthly hJoont" is. the aoount:
<br />of ~. llXlllthly ~qt tbat.-.ld hl. sufficient to repay. the I.1I:IpUdprincipal1:e1ance of.my lean in
<br />full at. the :i11terest rate Ian requ:i,red to pay by Section> 2(A)ani 2(C) .above in subatanCially equal
<br />~ on Jul, 1,lOg , web is, called the "lIl!ttUd.ty date", My first Full
<br />K:xlt;hly tIJIDunt.i8 U.S. $ 253.fli . Before each Interest Chllnge Date, the Note lIo1der will
<br />caleu1atet1:e new Full M:mthly Aloount wch 1 will owe each JOOOth beginning on the' first IOOnthly
<br />payIIleqt.date after.t1:e IntElrest Cbqe. Date.
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<br />1beFull ~y Aloount. I 0I0le1lliflY l:e IOOre or less tmn the arrount 1 <lIII required to pay each
<br />DI:lOth, ~ 4 belOii states the aoount: of myrronthly pa)'lIleIlt ani row it will change. Section 5
<br />below describes row my wpaid principal balance will cl1ange if t1:e auwnt of my lIDtltbly payment ani
<br />t1:e Full Mlothly Aloount./ll"e different.
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<br />4. PAY!iBNTS
<br />(A)1':iD!eso:l Place of Payments
<br />I Will pay pt'ittiplU an:i1nterest by ~ payments every JOOOth.
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<br />t will III8ke my llWthly payments on t1:e first day of each 1Imlth ~ on
<br />~t 1.19b4. . ." .' . t will !!lI!lre.... these. l'Il,)'lIli!ll/8 ~mnt.'" until 1 have P<ilii. .all the
<br />. , andi1ltemlll: ani. any other .<:ha1'8es.. described belOii that I 1IIiI)I''- under this Note. Jt1
<br />1lIllIltb1""'".wts will 00. appl1fld to interest beforeprinclpal.If I still owe _tiS un:ler this
<br />'~QQ tlle.matud.tJ de.te, I w.U1P8Y ~8IlP,Jllt8 in full on that date. 1boae aoount:s could 00.
<br />~a.u tiht l!ID,Illt ofrqlastUoiltbly plyll2llt hlfote thenaturity date.
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<br />~ ~~ mylllllll:hl! pll)'llIIWtIl at 2120 South 7WStreet, ~. Nebr>lSka 68124 or at Ii
<br />d1f~ 'pbci.!.fl'equiredby t1:e!bl;e lIo1der.
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<br />ADJUSTAlILE PA'OUINT NOTE 6 MOllTli TREASURY INDEX (l - 4 Fam.uy)
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<br />TMC-'024 (qc) (Pae~ 1)
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<br />Ri':"" J./B4
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