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99 i06329 <br /> ADJUSTABLE RATE RIDER <br /> (LIBOR Index - Rate Caps) <br /> Loan Number: 0006841183 <br /> THIS ADJUSTABLE RATE RIDER is made this 18 th day of <br /> Juna, 19 9 9 and is incorporated into and shall be deemed to amend and <br /> supplement the Mortgage, Deed of Trust or Security Deed(the "Security Instrument") of the same date given <br /> by the undersigned(the "Borrower")to secure Bonower's Adjustable Rate Note(the "Note")to <br /> FIRST FRANKLIN FINANCIAL CORPORATION <br /> (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: <br /> 940 SOUTH SYCAMORS <br /> GRAND ISLAND, NE 68801 ' <br /> [Property Address] <br /> THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br /> INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br /> AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE <br /> TIl�ZE AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br /> ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br /> Instrument, Bonower and Lender further covenant and agree as follows: <br /> A. IlVTEREST RATE AND MONTHI.Y PAYMENT CHANGES <br /> The Note provides for an initial interest rate of l0.375 %. The Note provides for changes in the <br /> interest rate and the monthly payments, as follows: <br /> 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> (A) Change Dates <br /> The interest rate I will pay may change on the lst day of July, 2002 , and on that <br /> day every sixth month thereafter. Each date on which my interest rate could change is called a "Change <br /> Date." <br /> (B) The Index <br /> Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the <br /> average of interbank offered rates for six-month U.S. dollaz-denominated deposits in the London market <br /> ("LIBOR"), as published in The Wall Street Joumal. The most recent Index figure available as of the first <br /> business day of the month immediately preceding the month in which the Change Date occurs is called the <br /> "Current Index." <br /> MiJLTISTATE ADJUSTABLE RATE RIDER-LIBOR INDEX-Single Family-Freddie Mac Modified Instrument <br /> Page 1 of 3 Form 3192 �92 <br /> DDS-F34 Initials:�� <br /> � <br />