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UNITED NEBRASKA BANK 700 N. WEBB RD. ' 9$� ��-�,,�C.�81 GRAND ISLAND, NE 68803 ADJUSTABLE RATE RIDER (1 Year Treasury Index—Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 30th day of April 1998 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Bonower's Adjustable Rate Note (the "Note") to UNITED NEBRASKA BANK (the "Le�der") of the same date and covering the property described h the Security Instrument and bcated at: 1521 ALLEN AVE GRAND ISLAND NEBRASKA 68803 Prop�rty Addr�ss THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Securky Instrument, BoROwer and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 6.000 %. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the 18t day of M8V , 1999 , and on that day every 12th month therea(ter. Each date on which my interest rate could change is called a "Change Date". (B) The Index , Beginning with the f'vst Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index f'�gure available as of the date 45 days before each Change Date is called the "Current index". If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Holder will caiculate my new interest rate by adding Two and 750/1000 percentage points ( 2.750 96) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-ephth of one percentage point (0.12596). Subject to the limits stated in Section 4(D) bebw, this rounded amount will be my new interest rate until the next Change Date. Zhe Note Holder wili then determine the amount of the monthly payment that would be sufficient to repay the unpaid princ�al that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The resuft of this ca�ulation will be the new amount of my monthly payment. (D) Limits on Interest Rate Changes The interest rate I am requ'red to pay at the frst Change Date will not be greater than 8.000 96 or less than 4.000 %. Thereaiter, my interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.096) hom the rate of interest I have been paying for the preceding tweNe months. My interest rate will never be greater than 12.000 %. (E) Effective Date of Changes My new interest rate will become effective on each Change Date. I wil� pay the amount of my new monthy payment beginning on the first monthy payment date after the Change Date until the amount of my monthy payment changes again. (F) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my �terest rate and the amount of my monthy payment before the effective date of any change. The notice will include information required by law to be given me and also the tkle and telephone number of a person who will answer any question I may have regarding the notice. B. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as foibws: TAANSFER OF THE PROPERTY OR A BENEFICIAL IM'EREST IN BORROWER if all or any part of the Property or any hterest in it is sold or transferred (or if a beneficial hterest in Borrower is sold or transferred and Borrower is not a natural person) wkhout Lender's prior written consent, Lender may, at its optwn, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender 'rf exercise is prohibited by federal law as of the date of this Security Instrument. Lender also shall not exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee as 'rf a new ban were being made to the transferee; and (b) Lender reasonably determines that Lender's security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in this Securky Instrument is acceptable to Lender. MULTISTATE ADJUSTABLE RATE RIDER-AFaM 5-2-Single Family-Fannie Mae/Freddie Mac Un'rform Instrument Form 3111 3/65 F7360.LM0 (10/B7) Pape 1 of 2