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200001515 Loan Number 05001011 FHA MULTISTATE ADJUSTABLE RATE RIDER FHA CASE NO. C-9se NXdDEr 321- 2040107 -729 THIS ADJUSTABLE RATE RIDER is made this 2 2 nd day of FEBRUARY 2000 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Note ") to MOUNTAIN WEST FINANCIAL, INC., A CALIFORNIA CORPORATION (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 245 SOUTH SYCAMORE, GRAND ISLAND, NEBRASKA 68801 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE 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 Security Instrument, Borrower and Lender further covenant and agree as follows: INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate may change on the first day of JULY 1 , 2 0 01 and on that day of each succeeding year. "Change Date" means each date on which the interest rate could change. (B) The Index Beginning with the first Change Date, the interest rate will be based on an Index. "Index" means the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board. "Current Index" means the most recent Index figure available 30 days before the Change Date. If the Index (as defined above) is no longer available, Lender will use as a new Index any index prescribed by the Secretary. As used in this Rider, "Secretary" means the Secretary of Housing and Urban Development or his or her designee. Lender will give Borrower notice of the new Index. (C) Calculation of Interest Rate Changes Before each Change Date, Lender will calculate a new interest rate by adding a margin of TWO AND 750/1000 percentage points ( 2.750 %) to the Current Index and rounding the sum to the nearest one - eighth of one percentage point (0.125 %). Subject to the limits stated in Paragraph (D) of this Rider, this rounded amount will be the new interest rate until the next Change Date. (D) Limits on Interest Rate Changes The existing interest rate will never increase or decrease by more than one percentage point (1.0 %) on any single Change Date. The interest rate will never be more than five percentage points (5.0 %) higher or lower than the initial interest rate. FHA MULTISTATE ARM RIDER (2/91) Document Systems, Inc. (800) 649 -1362 Page 1 of 2 FHAAI.RDR