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200408574 ADJUSTABLE RATE RIDER (6 -Month LIBOR Index - Rate Caps) (Assumable during Life of Loan) (First Business Day of Preceding Month Lookback) THIS ADJUSTABLE RATE RIDER is made this 23RD day of AUGUST, 2004 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 the Borrower's Adjustable Rate Note (the "Note ") to HOMECOMINGS FINANCIAL NETWORK, INC. (the "Lender ") of the same date and covering the property described in the Security Instrument and located at: 126 CHEROKEE AVE GRAND ISLAND, NE 68803 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S 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. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 7.8750 %. The Note provides for changes in the interest rate and the monthly payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on the first day of SEPTEMBER, 2007 and may change on that day every sixth month thereafter. Each date on which my interest rate could change is called a "Change Date." MULTISTATE ADJUSTABLE RATE RIDER 6 -Month LIBOR Index (Assumable during Life of Loan) (First Business Day Lookback) - Single Family - Freddie Mac UNIFORM INSTRUMENT 815R (0405) Form 5120 3/04�� OD Page 1 of 4 Initials: B . - VMP Mortgage Solutions IIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIII (800) 521 -7291 MFCD9153 - (07/2004) / 042 - 171667 -1