Allied Life Financial Corp Watch

from 10-Q 1 page Promissory Note No. 013102897 Des Moines, Iowa October 28, 1997 $ 2,500,000 for Value Received, the Undersigned Promises to Pay, to the Order of Allied Mutual Insurance Company at Its Office in Des Moines, Iowa the Sum of Two Million Five Hundredthousand Dollars, With Quarterly Interest and Principal Payments Beginning January 28, 1998 According to the Attached Loan Amortization Schedule. Final Payment Shall Be Due on October 28, 2000. Interest Shall Accrue at the Rate of 6.50 % Per Annum From the Date of Loan and All Interest Shall Be Computed Under the Commercial Loan Method on the Basis of a 360 Day Year With No Penalty for Prepayment and With a Pro Rata Refund of Any Unearned Finance Charge. Principal and Interest Not Paid When Due Shall Earn Interest at the Rate of 1.5% Per Month During the Period of Delinquency. Allied Life Financial Corporation /S/ Wendell P. Crosser by Wendell P. Crosser, Vice President

from 10-Q 1 page Federal Home Loan Bank Line of Credit