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� 99 110512 FIXED/ADJUSTABLE RATE RIDER �TEW YORR, PRIl�iE RATE:- Rate Caps) THIS FIXED/ADJUSTABLE RATE RIDER is made this 21 St day of October 1999 , 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 Faed/Adjustable Rate Note (the "Note") to The Overland National Bank of Grand Island �tne "Lender"� of the same date and covering the property described in the Security Instrument and Iocated at: 511 E t St. Cairo Nebraska 68824 (Property Address] THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED INTEREST RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE AMOUNT THE BORROWER'S ADJUSTABLE 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. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial foced interest rate of 8.500 %. The Note also provides for a change in the initial fixed rate to an adjustable interest rate, as follows: 4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CNANGES (A) Change Dates The initial foced interest rate I will pay will change to an adjustable interest rate on the first day of OCtOb@� 2004 and the adjustable interest rate I will pay may change on that day every 12th month thereafter. The date on which my initial faed interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change, is called a "Change Date." (B) The Index Beginning with the first Change Date, my adjustable interest rate will be based on an Index. The "Index" is the vN,ew York Prime Rate as published in the Wall Street JOurnal. , . Themost 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. (C) Calculation of Changes Before each Change Date, the Note Holder will ca�ulate my new interest rate by adding Z@PO 8nd 250/1000 percentage points ( 0.250 % ) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate in substantially equal payments. The result of this ca�ulation will be the new amount of my monthly payment. (D) Limits on Interest Rate Changes The interest rate I am required to pay at the first Change Date will not be greater than 12.000 °� or less than 7.500 %. Thereafter, my adjustable interest rate will never be increased or decreased on any single Change Date by more than two percentage points (2.0°k) from the rate of interest I have been paying for the preceding twelve months. My interest rate will never be greater than 12.000°�. (E) Effective Date of Changes My new interest rate will become effective on each Change Date. 1 will pay the amount of my new monthly payment beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. MULTISTATE FIXED/ADJUSTABLE RATE RIDER- 1 YEAR TREASURY INDIX-3ingle Family- Fannle Mae Uniform Instrument Form 3182 5/94 F70804.LM0 (3/99) gg532 Page 1 of 2