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200611427 ADJUSTABLE RATE RIDER (LIBOR Six-Month Index (As Published In The Wall StreetJourntal)- -Rate Caps) THIS ADIUSTA/3LE RATE RIDER is matte this 12th day of December 2006 and is incorporated into and shall he deemed to Atncnd And supplement the Morte,age, teed of Trust or Security Deed (the "'Security Instrument ") of the same date Riven by the undersigned (" $orrower) to Secltre Borrower's Adjustable Rate Note (the "Note ") to FIRST NLC FINANCIAL SERVICES, LLC, DEA THE LENDING CENTER ( "Lender ") of the same dale and covering the properly described in the Security Instrument and located art: 1410 WEST 3RD STREET GRAND ISLAND, NE 68801 1Prrinnny Acktrnal THE NOTE CONTAINS PROVISIONS ALLOWING IOR CHANGES IN TI3.E INTEREST RATE AND TFIE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT BORROWE'R'S IN'TERES'T RATE CAN CHANGE, AT ANY ONE Tiild F. AND THE MAXIMUM RATE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as ;follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 7.390t)%. The Note: provides for changes in the Interest ,ate and the monthly payments, as follows: 4. INTEREST RATE AND NIC)N III.Y PAYMENT CHANGES (A) ChunRe Dates The interest rate I will pay may change on the first day of January 2010 and on that day every sixth month thereafter. 1=.neh date on which my interest rate could change is called a "Changes Date," (D) 'the Index Beginning with the first Change pate, ray interest rate will be bated on an Inde;t. The "Index" Is the average of interbank offered rates for six month U.S, dollar deposits in the London marker ( "i..It3Of{ "), as published in The Wall Street Jouraiit. The most recent lades (i,Y,uru available as of Ure first business day of the month immediately preceding the month in which the Change Dare occurs is called the "Current lndlcx." If the index is no longer available, the Note Holder will choose a new index that is based upon comparable information. The Note Holder will give mo notice of this choice. (C) Calculation of Changes Before each C Date, the Note Holder will calculate my new interest rate by adding Six and 640/1000ths percentage pointy ( 6.840 %) to the Current Index. Subject to the limits stated in Sectfoa 4(D) below. this amount wilt be my new interest rate until the next (Tank c Date. MULT15TATE ADJUSTABLE RATE REAR- ..LIDO &SIX- MONTil I DZX (AS PUDLISIIED IN VIE mill, Srnr r 10041i4.1)--Single l 5271601898 1 001259100036348*5 (Page 1 ref t pr es) 201407692 F■LQ Form 3302%1 (0•062006)