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20��056i� <br />together with interest thereon at the Variable Interest Rate esta.blished for such <br />Change Date, in equal monthly installments; and provided further that, until such <br />outstanding amou.nts are paid in full, interest and penalties shall continue to be <br />determined and accrue and be payable on all such outstanding amounts as <br />otherwise provided under the terms of this Promissory Note. <br />2. Apnlication of Payments. All payments on account of the indebtedness evidenced <br />by this Promissory Note sha11 be first applied to the payment of accrued but unpaid interest, then <br />to principal, and the excess remaining thereafter sha11 be applied to the payment of late charges, <br />if any, due and payable. <br />3. Place of Payment. All payments hereunder sha11 be made to Lender at such place <br />and in such manner as Lender may from time to time require. <br />4. Pre ayment. Subject to the conditions hereinafter stated, Borrower reserves the <br />right to prepay this Promissory Note in whole, or in part, on any installment payment date. Any <br />such prepayment shall be first applied against accrued but unpaid interest, and the excess, if any, <br />shall be applied against principal, in the inverse order of actual maturity of insta.11ments <br />hereunder (i.e. shall be first applied against the final monthly installment). No such partial <br />prepayment shall relieve Borrower of its obligation to pay the next, and subsequent, monthly <br />installment(s) hereunder until the entire indebtedness, together with interest, has been paid in <br />full. If any such prepayment is made within One Hundred Twenty (120) months from the date of <br />this Promissory Note, then such prepayment shall be subject to a prepayment penalty of two percent <br />(2%) of the amount of such prepayment if it is made, in whole or in part, with funds borrowed by <br />the Borrower from any source other than Lender, whether secured or unsecured and whether <br />from a commerciallending institution or from one or more individuals. <br />5. Security Right of Setoff Attorneys and Other Exbenses; Disclosure of <br />Information <br />5.1 Securi . This Promissory Note is secured by a deed of trust or mortgage <br />executed as of the same date this Promissory Note has been signed, on real esta.te situated <br />in the County of Hall, State of Nebraska. <br />5.2 Ri�ht of SetofF. Upon the occurrence of any default in the payment of any <br />installment of principal or interest when due in accordance with the terms hereof or any <br />3 <br />