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200405662
<br />ADJUSTABLE RATE RIDER
<br />THIS ADJUSTABLE RATE RIDER is made on 05/20/04 , , , , , , , , , and is incorporated into and shall be
<br />deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the same date
<br />given by the undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to Wells Fargo Financial
<br />Nebraska, Inc. (the "Lender ") of the same date and covering the property described in the Security Instrument and located at:
<br />332,SUNSET DR: , .DONIPHAN,,, NE 68832
<br />[Property Address]
<br />NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE
<br />WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN
<br />THE INTEREST RATE. INCREASES IN THE INTEREST RATE
<br />WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE
<br />INTEREST RATE WILL RESULT IN LOWER PAYMENTS. THE
<br />NOTE LIMITS THE AMOUNT MY INTEREST RATE CAN CHANGE
<br />AT ANY ONE TIME AND THE MAXIMUM RATE I MUST PAY.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower
<br />and Lender further covenant and agree as follows:
<br />2. INTEREST RATE AND PERIODIC PAYMENT CHANGES
<br />The Note provides for an initial interest rate of 8, 39.%. The Note provides for changes in the interest rate and the
<br />payments, as follows:
<br />3. PAYMENTS
<br />(A) Scheduled Payments
<br />I will pay principal and interest by making payments when scheduled. I will make my scheduled payments each month
<br />beginning on 06/25/04
<br />...... ...............................
<br />(B) Maturity Date and Place of Payments
<br />I will make these payments as scheduled until I have paid all of the principal and interest and any other charges described
<br />below that I may owe under this Note.
<br />My scheduled payments will be applied to interest before principal. If, on 0,5 , , , , , , , , , , , , , , , , , ,
<br />I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "maturity date."
<br />I will make my scheduled payments at 23,19, NORTH, WEBB, ROAD
<br />.......... ...............................
<br />GRAND, ISLAND, ,NE.... 68803,,,,,,,,,,,,,,,,,,,,,,,,,, „,,,,,,,,,,,,,,,,,,,,,,,,,,,or at a different
<br />place if required by the Note Holder.
<br />(C) Amount of My Initial Scheduled Payments
<br />Each of my initial scheduled payments will be in the amount of U.S. $ 1, 795 00, , , , , , This amount may change.
<br />(D) Scheduled Payment Changes
<br />Changes in my scheduled payments will reflect changes in the unpaid principal of my loan and in the interest rate that I
<br />must pay. The Note Holder will determine my new interest rate and the changed amount of my scheduled payment in
<br />accordance with Section 4 of this Note.
<br />(E) Late Charge
<br />If the Note Holder has not received the full amount of any monthly payment by the end of 10 calendar days after the date
<br />it is due, I will pay a late charge to the Note Holder. The amount of the charge will be 5 % of my full payment of principal and
<br />interest. I will pay this late charge promptly but only once on each late payment.
<br />4. INTEREST RATE AND SCHEDULED PAYMENT CHANGES
<br />(A) Change Dates
<br />Each date on which my interest rate could change is called a "Change Date.” The interest rate I will pay may change on
<br />05/25 , 07 • • • and on every sixth month anniversary date thereafter that is before the maturity date. There
<br />will be no Change Dates on or after the maturity date. The interest rate in effect on the maturity date will remain in effect
<br />after the maturity date until the full amount of principal has been paid.
<br />(B) The Index
<br />Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the highest "Prime
<br />Rate" as published by the The Wall Street Journal.
<br />The Index figure published in The Wall Street Journal on the last business day of the month corresponding to one day
<br />preceding one month prior to the Change Date is called the "Current Index."
<br />NE- 2041 -0404
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