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<br />004017
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<br />84~
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<br />0908580-1
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<br />ADJUSTABLE PAYMENT RIDER
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<br />mrs ADJUSTABLE PAM2Ir RIIER is m1ethis 31st dayof July. 1984 '. '.. ..... ~>is
<br />1ncotpOrated iot<> and shall he deemed to anem~t the Mortgage, Deedof'l:rustforDe<in~'t6
<br />Secure.Debt (the "Security Inst:J:l:lmllt") of the same date $1ven bytheUllienn:aned(tre'~'),to
<br />secure Ilo=-r's Adjustable PayIIEnt Note to. n-rFinanclal, Inc; (the""I.endel'''}oftr.e's8Illi!i''''da'.!e''
<br />(tlv:! "Note") am C<M!~ the property described in the Security Inst:J:l:lmlltam'loCaced-.at: .
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<br />2653 St. Pa Hi ck, Grand Island ,l\ebraska 68801
<br />~ (Property AddresS)
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<br />The Note Contains Provisions Allowing For Changes In The InterestR.il.te And,cc-Tlie>
<br />Monthly PaYlllent And For Increases In The Principal A1JlOutlt To Be Repaid;'
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<br />The Note Also Provides For Calculations Of Two Separate Monthly PaYlllentAmounts"
<br />One Will Be The Amount That I Must Actually Pay Each Month. TheOthl!!'I' Will BeA,n
<br />Amount That I Would Pay Each Month To Fully Repay The Loan On The 'Maturity Dst'e;
<br />This Means That I Could Repay :10re Than I Originally Borrowed Or That! Could
<br />Repay My Loan Before The Maturity Date.
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<br />AIlIlmCNAL CDI.'ENA.'lI'S. In addit:!Dn to the "OITenaocS ani agreenent:s made in the Security
<br />Ins=, IlotTCllolO>r a."1d Lenler further covenant: am agree as follows,
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<br />A. INTEll.EST RATE AND MONTHLY PAYMENT CHANGES
<br />The Note proo1.des for an initial inl:ert!st rate of il ,250 %. Sect:iDrs 2, 3, 4, 5, 6 am 7 of tiE ' -
<br />NoCe. proI7ide fur ~. in tre J.nterest rate ani tre ucm:hly paymeDts, as folloos,
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<br />"Z. INTEll.EST
<br />(A) Interest Owed
<br />Inmrest will he charged on thet: parr: of prioc:lpa.l which hasoot teen paid, ,beginning on the
<br />date I receive prioc:lpa.l am CODt:inui.og until the full am:lUllI: (: principal has l:2en paid.
<br />Beginning on tre date I receive rti:oclpm!., ! will pay iI.~...cest at a ~y tate of. 11.250%.
<br />The interest race 1 will pay ""y ~ <A1 the, ~t day of the IIDnth of February, 1 ~6~
<br />ani on that: day e""t'Y 6th l1Dnth trereafter. Each date on which the interest rate could change. is
<br />called on "r'lterest Change Dace." The new interest rate will recrne effecti"" on each Interest
<br />Change Dat.e. '1>e :im:ercst rate r ,.,-ili 1,1)' ~!al1 not Q-:K('.i?'E'.(! 14..\.;:~Jn/:.
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<br />(B) The mlex
<br />lleginnin& with tre first Inte....t Change Date. my interest rate will he tBsed on 1':"'- mlex. The
<br />"Uxlex." is rlw> lIeekly Auction AWrll!!Ii' Rate on United States Treasury bills with a IDIlturlty of 6
<br />lIOOths. as made ava:il4bJ.e by the Federal !lese""... Boord. The lllOISt ra::ent J.ndex fi&tJre as of tre <late
<br />45 days before each Interest Change Date is called tr... "Current Index".
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<br />If the It'dex is 00 longer 3,'ailabJ.e. the Note Holder will civose a new index libich is based uJXln
<br />canperabkinfolJll!l,t1on, The Noce Bolder >Iil1 gi"" ... rotice of this choice.
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<br />(C) Cal.cu.latioo of Interest Rate Olanges
<br />Before each Interest Change Date. the 1'O:>te Holder will calculate my new interes t rate by adding
<br />~ .('(1(' pe~ points (, ",,0 %) to the Current J.ndex. The Note Holder will then rowd
<br />the result of this addition to tli!' nearest ~th of 00l! pe~ (Xli111: (0.125%). This I'OUIXIed
<br />llIIIlUDt will he my new interest tate until tre ..-t Interest Change Date. ,:xc"pt the """,1"..." .interest
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<br />rate sh.all 1lI::}{ t:)(C~",-'\i l!.:... ':~ '\/1,,1:- .
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<br />(D) Interwt After Defa1lt
<br />The interest rate rooquired by this Sect:ion :.: is the race I will owe both before am after 8I1I/
<br />defallt described in Section 10(B) l>a1ooI.
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<br />3. CALCULATION OF A.liOUNTS OWED EACH MONTI!
<br />The !t:lte !blder will calculate my Full l'\:Jnthly J\lrount. 1'he '1'ulll'\:Jnthly Am::u1t" 15 tre amlUllt
<br />~ the llllIlthly plI)'lIll!nt that: woul<l be sufficient to repay the l.IIlp1id principal ta1.ance of my loon in
<br />full at the interESt race I an r<'quired to pay by Sectiom 2(A) am 2(C) above in sul:6t:antially <'qual.
<br />~ on ;'''''UB' 1, ~Di4 , which is called the "lll!lturlty date", My first Full
<br />liJnthly AaIltmt; is U,S, $ , 1'" .",,-:--\lefore each Ineerest ~ Dace, the Noce Holder will
<br />calculate the new full lbntlUy ~ <.hich 1 '-,ill """ e<lC.h lll)uth beginning on the first IIl)nthly
<br />~ date after the Interest Chal1le Dati>.
<br />The Full ltlothly I1la:lwt I owe lll6}' be mre or Jess ttan the anDlJIlt 1 am r<'quired to pay each
<br />!IIJCll:h. Sectloo 4 below states tre lllD:lUI1I: of my lOOtlthly payment am ro.. it will~. Sectioo 5
<br />l>elool describes row my UI\l8id pr1nc.ipal be..la1xe will change if the aDXlunt of TIrJ IlDIlthly payment am
<br />tre FullliJnthly Amcullt are d1ffe~.
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<br />", PAYMENTS
<br />(A,) 1'lIIIB am Place of P&ylI2tCS
<br />I wUl pay pd.ncipeJ. am ~t by llllJldx1! payments ......ry lIDOth.
<br />I vill __ TIrJ llOOthly ~ 00 the first day of each lIlOOCh beginni1'@ Oll
<br />pJ~p;rri ~f\4 " r will -- these paymentll ......ry IIl)nth lItItJ.l [ have pe:Id all the
<br />1 t lUld. 8I1I/. otber cha:rges. ~bed below that 1 may owe uudlIr this Note. My
<br />llIXdIly ~ wUl be appUed to Intet'Olllt before pr1nc.ipal. If I still '- <lll1lUl1tl1 under this
<br />lIaq on tha \1lIlbld.ty date, t vill psy t'-e 8llIOUlltS ill full on that date. Thoee aIII:ll.lnU coold be
<br />~ !:Non tha IIIIlUIlt of f1It lalIt llDIlthly pay<IIeQt hefore tm lIlIU;Urity dace,
<br />I wU1 .... .'-' llDIlth1y ~ at 2120 South ntxl Sm.et. 0mIlha, NebrWa 611124 or at a
<br />dU~ pIaca if t'equUed by tre Not", Holder.
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<br />ADJlJS1AII1.E PAYMENT NOn: & MONTI! TREASURY IN'Dk:X (1
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