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United Benefit Life Insurance Company
3301 Dodge Street
Omaha, Nebraska 68131
Attention: Investment Department
hTisconsin National Life Insurance Company
Post Office Box 740 _
Oshkosh. Wisconsin 54901 ~
~ Attention: Investment Department
Mr. John W. Andersen,
Financial Vice President
2.1.2. Registered Owners, The Company and the
Trustees may deem and treat a Series B Noteholder as the absolute
awner of the Series B Note registered in its name for the
purpose of receiving payment of or on account of the principal
~ of, premium, if any, and interest on such Series B Note and
` for all purposes ~rhatsoever, whether or not such Series B Note ~
r is overdue, and neither the Company nor the Trust~es shall be ;
` affected by any notice to the contrary except a notice of ;
- change of the name in which such Series B Note is registered. ~
~ The Series A Note shall not ~
~ 2.2. Prepayment of Notes. ~e Series B Notes
~ be subject to prepayment in who e or in part.
~ shall be subject to prepayment only as follows:
~
~ . (a) The Company may at any time after the tenth
~ Year, at its option, upon not less than 30 nor more than
60 days' prior notice to the Noteholders, prepay or cause
~ to be prepaid all of the Series B Notes, in whole but not
in part, upon payment to the respective Noteholders of the
~
unpaid principal balance of each of the Seri~s 8 No es, _
~ together with accrued interest thereon to the date of 3
~
such payment, plus a premium (being a percentage o ~
the principal amount prepaid? determined in accordance
With the following table and depending on the Year in ~
~rhich such grepayment occurs: (
- ,
~
i
= Year Premium Year Premium
li 4.00$ 16 1.80$
12 3.56$ 17 1.35$
i~-Y 13 3.12$ 18 .90$ i
- • 14 2.68$ 19 .45$ '
15 2.24$ 20 .00$
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