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r I 84.-- 003657 ADJUSTABLE PAYMENT RIDER "1llS ADJUSTABLE PAYMlNI' RIIER is made this 9th day of July 1984 am is incorporated into am shall be deemed to 3IOOM an:f'SiiiiPISne the Mortgage, Deed of Trust, or Deed to secure Debt (tre "Security Instnmmt") of tre same date g:l.venby tre tnlersigned (tre "Borrower") to sep.re Borrowers Mjustable Paymmt Note to T.-r FJ.nancial, Inc. (the ''Lender'') of the same date (tlie "Note") am covering tre property described in tre Security Instt'lJlDmt am located at: U'.HJ854B-7 1323 Ha~"e Street. Grand Island, NebraSKa 68801 (Property Mdress) 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, ADDITIOOAL <DVENANl'S. In additiDn to tre c:ovenants am agreeDeIJtS made in tre Security Inst:IUment, Borrewer am Len:ler further covenant an! agree as f01.1.ows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11.250 %. SectiDm 2, 3,4, 5, 6 am 7 of the Note provide for c!1aIlles in tre interest rate am tre IIDnthly 18ymants, as f01.1.ows: "2. INTEREST (A) Interes t Owed Interest will be charged on that put of prIncipal wh......n has not been paid, beg:l.mrlng on tre date I receive principal an! contiro:lng um:il tp...:. ilil amxmt of principal has1:een paid. Beginning on the date I receive principal, I will pay interest at a yearly rate of 11.250%. The interest rate I will18Y 'nay change on the first day of tre I!DIlth of Februarv,. 1985 an! on thet day every 6th mmth thereafter. Each date on which the interest rate could change is called on "Interest Change Date." The new interest rate will becam effective on each Interest Change Date. The interest rate I will pay shall rot exceed 14,990%. (B) The rmex Beginning with the first Interest Change Date, my interest rate will be lased on an Index. The "Index" is the Weekly Auction Average Rate on United States Treasury bills with a maturity oL6 mmths, as made available by tre Federal Reserve Boa:rd. The llOSt recent Inlex figure as of tre date 45 days before each Interest Change Date is called tre "Current Inlex". L If the Index is no longer available, the Note Holder will clYJose a new:indel< which is,ha.sed .uJX>n canparable MOl:madon. The Note Holder will give lIE mtice of this choice. (C) Calculation of Interes t Rate Changes Before each Interest Change Date, tre Note Holder will calculate my new interest rate by adding 3.000 percentage points ( 3.000 %) to the Current Index. The Note Iblderwill tren rouni tre result of this addition to tre nearest one-eighth of one percentage point (0.125%). Thisramded annmt will be my new interest rate until tre next Interest Change Date, b<cept the maximJm. interest rate shall rot exceed 14.990%. (D) Interest After Default The interest rate required by this Section 2 is tre rate I will owe both before am after any default described in SectiDn 10(B) below. 3. CALCULATION OF AMOUNTS OWED EACH MONTH The Note Holder will calculate my Full Monthly ADIxmt. The "Full M:ml:hly ADIxmt" is tre annmt of the IIDIlthly payllEnt thet would be sufficient to repay the unpaid principal l:alance of my loon in full at the interest rate I am required to 18Y by Section;; 2(A) an! 2(C) above. in substantially equal payments on Augus t 1, 2014 , which is called the "maturity date"; My first Full Monthly ADIxmt is U.S. $ MH1. 7 8 . Before each Interest Change Date, the Note Holder will calculate the new Full Monthly ADIxmt wtdch I will owe each nnnth beginning on the first mnthly paymant date after tre Interest Change Date, The Full Monthly ADIxmt I owe may be mre or less tfan tre anount I am required to 18Y each IJD[\th. Section 4 below states the amxmt of my mnthly paymant and row it will change. Section 5 below describes how my unpaid principal ha.lan::.e will change if tre 8lIDlID.t of my llDnthly FElj'llEllt am tre Full M:ml:hly ADIxmt are different, 4, PAYMENTS (A) T:l.IIE an! Place of paymants I will pay principal and interes t by making 18ymants €?Very llDnth. I will make my llDnthly payllEnts on tre first day of each llDoth beginni~ on ~p;,lh~ I 1 'I R ~ . I will make these 18j'11E1lts every I!DIlth until I have paid all the p interest and any other charges described below that I may owe under. this Note. My nnnthly pa)ltllants will be applied to interest \:clore principal. If I still owe amJUIlts tnler this Note on the roaturity date, I will pay tl",se aIlXlUIlts in full on that date. Those amxmts could be greater tfan the aupmt of my last IIDnthly 18)1t11ant before tre maturity date. I will make my llDnthly paynents at 2120 Sooth 7200 Street, Omaha, Nebraska 68124 or at a different place if required. byt'" Note Holoor. ADJUSTABLE PAYMENT NOTE 6 MONTH TREASURY INDEX (1 - 4 Family) TMC-07u (Gc) Pa;c I .\ew :,!/;,--, !-' 1.:~n -t l.,