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99 106863 <br /> ADJUSTABLE RATE RIDER <br /> (LIBOR Index - Rate Caps) <br /> THIS ADJUSTABLE RATE RIDER is made this 2ND day of <br /> JULY , 1999 , and is incorporated into and shall be deemed <br /> to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security <br /> Instrument") of the same date given by the undersigned (the "Borrower") to secure <br /> Borrower's Adjustable Rate Note (the "Note") to <br /> WMC MORTGAGE CORP. , <br /> (the "Lender") of the same date and covering the Property described in the Security <br /> Instrument and located at: <br /> 316 EAST SOUTH STREET <br /> GRAND ISLAND, NE 68801 <br /> [Property AddressJ <br /> THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN <br /> THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE <br /> LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN <br /> CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE <br /> BORROWER MUST PAY. <br /> ADDITIONAL COVENANTS. In addition to the covenants and agreements made in <br /> the Security Instrument, Borrower and Lender further covenant and agree as follows: <br /> A.INTEREST RATE AND MONTHLY PAYMENT CHANGES <br /> The Note provides for an initial interest rate of 9.3 7 5 0 %. The <br /> Note provides for changes in the interest rate and the monthly payments, as follows: <br /> MULTISTATE ADJUSTABLE RATE RIDER-LIBOR INDEX- Single Family <br /> Page 1 of 4 <br /> �-11722071saos) ELECTRONIC LASER FORMS,INC.-(800)327-0545 815U <br /> TM <br /> MFCD9752(3/98) 10297485 <br />