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200010598 ADJUSTABLE RATE RIDER TO SECURITY INSTRUMENT (WITH LENDER OPTION TO ADJUST RATE AT FIVE YEAR INTERVALS AND LENDER OPTIONS TO CALL) THIS RIDER is made this 6th day of December 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 Note (With Lender Option to Adjust Rate Up To Five Times) (the "Note ")to Union Planters Bank, National Association (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 12651 South 70th Road,Doniphan,NE 68832 (Property Address) THE NOTE PROVIDES FOR UP TO FIVE CHANGES IN THE BORROWER'S INTEREST RATE THAT MAY BE MADE AT THE EXCLUSIVE OPTION OF THE LENDER. THE NOTE LIMITS THE MAXIMUM RATE I MUST PAY. THE NOTE ALLOWS LENDER TO DEMAND PAYMENT IN FULL AFTER FIVE (5) YEARS AND EVERY FIVE (5) YEARS THEREAFTER. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: 1. OPTIONAL INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an interest rate of Ten percent( 10.0000 %). The Note provides for optional changes in the interest rate and monthly payment as follows: The Lender may at its exclusive option change my interest rate and the resulting amount of my monthly payment on each Change Date (as defined below). If the Lender elects to exercise any of its options to change my interest rate and monthly payment on a Change Date, the Lender will give to me the Notice of Change as required by the Note. The Lender will in no event be obligated to exercise any of its options under the Note or to change my interest rate and monthly payment or to send me a notice if no change is made. If the Lender fails to give any Notice of Change for any one of the options, its right and option to change my interest rate and monthly payment will terminate as to that change date only and my payment will remain the same, unless I have been given an annual statement or other statement which discloses the new rate and I have made at least one payment after the date of said statement in which event the notice shall be deemed waived and I will pay at the new rate until the next change date. Failure to exercise an option to change the interest rate and monthly payment at one option date will not affect the right to change the interest rate and monthly payment at future dates. If Lender elects to change my interest rate and monthly payment and gives me the Notice of Change, my interest rate and the amount of my monthly payment for the remainder of the term (or until next changed under the optional provisions) of the Note will be determined by the Lender in accordance with the provisions of the Note which follow: A. Change Date Beginning in 2006 the interest rate I will pay may change on the 1St day of January and on that date every sixty (60) months thereafter at the option of the Lender. Each date on which the rate of interest could change is called a "Change Date." B. The "Index" If the Lender elects to change my interest rate, then my new rate will be based on an index. The "Index" will be the Federal National Mortgage Association's required net yield for 30 -year fixed rate (Actual /Actual) whole loans subject to a 60 -day mandatory delivery commitment, as made available by the Federal National Mortgage Association. The most recently available index at the close of business as of the date 45 days before, but not including the Change Date, is called the "Current Index." MLC 240 ARM 5 RIDER (10/99) Page 1 oft AP# 9830237802 LN# 9830237802