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200409707 ADJUSTABLE RATE RIDER (1 Year Treasury Index — Rate Caps) THIS ADJUSTABLE RATE RIDER is made this . ?ST........... day of .00TOBER; 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 Borrower's Adjustable Rate Note (the "Note ") ,PINNACLE BANK SHELBY; 215 NORTH WALNUT PO BOX 1.05 SHELBY,.NE ,68662 ....................... ............ ............................. ........ (the "Lender ") of the same date and covering the property described in the Security Instrument and located at:. ?510 STAGECOACH ROAD, GRAND ISLAND, NE 68801 .............. ........................ . .......................... ................. [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 ................... %. The Note provides for changes in the interest rate and the monthly payments as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGES IA) Change Dates The interest rate I will pay may change on the first day of ,OCTOBER: 2005 and on that day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date." (B) The Index Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the weekly average yield on United States Treasury securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most 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 which 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 calculate my new interest rate by adding THREE &ONE HALF ....... 3.500 ...................... .............................. percentage points .... ............................... ► to the Current Index. The Note Holder will then round the result of this addition to the nearest Form 3108 1 /01 MULTISTATE ADJUSTABLE RATE RIDER —ARM 5.1 IIIIIIIIIIIIIIIIIIIIIIIINIIIIIIII Single Family— Fannie Mae►Freddie Mac UNIFORM INSTRUMENT C 4 D 0 Bankers Systems, Inc., St. Cloud, MN Form ARR -5 -1 -6/3/2004 Ref: ARN -5 -1 (page 1 of 3 pages) /(y