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200004656 ADJUSTABLE RATE RIDER Loan Number 383932 (LIBOR 6 Month Index - Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 3 0 t day of MAY 2000 , 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 Borrower's Adjustable Rate Note (the "Note ") to NEW CENTURY MORTGAGE CORPORATION (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 2523 WEST 5TH STREET, GRAND ISLAND, NEBRASKA 68803 [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: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 11.590 % • 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 1st day of JULY , 2002 , and on that day every 6th month thereafter. Each date on which my interest rate could change is called a "Change Date ". (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the average of interbank offered rates for 6 month U.S. dollar- denominated deposits in the London market based on quotations of major banks, known as the Six Month LIBOR Index. Index values are published by The Wall Street Journal. The most recent Index figure 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 that is based upon comparable information. The Note Holder will give me notice of this choice. The Note Holder will give me notice of this choice. MULTISTATE ADJUSTABLE RATE RIDER -LIBOR 6 MONTH INDEX- Single Family FNMA MODIFIED INSTRUMENT -WALL STREET JOURNAL INDEX / (�(, DSI 1/98 Document Systems, Inc. (800) 649 -1362 Page 1 of 3