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200412265
<br />ADJUSTABLE RATE RIDER
<br />(1 Year Treasury Index - Rate Caps)
<br />THIS ADJUSTABLE RATE RIDER is made this .9TH,,,,,,,,, day of .DECEMBER, 2004
<br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed
<br />of Trust, or Security Deed (the "Security Instrument ") of the same date given by the
<br />undersigned (the "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to
<br />ING BANK, FSB, 600 WEST ST GERMAIN STREET,,STE 200,,ST CLOUD,,MN 56301,,,,,,,,,,,,,,,,,,,,,,, (the "Lender ")
<br />of the same date and covering the property described in the Security Instrument and located
<br />at: .2.123 NASHVILLE ST, GRAND ISLAND, NE 6BB03.1539
<br />........................................................................... ...............................
<br />[Property Address]
<br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE
<br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE
<br />AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE
<br />TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY.
<br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the
<br />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 ................... The Note provides for
<br />changes in the interest rate and the monthly payments as follows:
<br />4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
<br />(A) Change Dates
<br />The interest rate I will pay may change on the first day of .JANUARY, 2010
<br />and on that day every 12th month thereafter. Each date on which my interest rate could
<br />change is called a "Change Date."
<br />(B) The Index
<br />Beginning with the first Change Date, my interest rate will be based on an Index. The
<br />"Index" is the weekly average yield on United States Treasury securities adjusted to a
<br />constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent
<br />Index figure available as of the date 45 days before each Change Date is called the "Current
<br />Index."
<br />If the Index is no longer available, the Note Holder will choose a new index which is based
<br />upon comparable information. The Note Holder will give me notice of this choice.
<br />(C) Calculation of Changes
<br />Before each Change Date, the Note Holder will calculate my new interest rate by adding
<br />,TWO &ONE HALF percentage points ( 2 W. %) to the Current Index.
<br />..............
<br />The Note Holder will then round the result of this addition to the nearest one - eighth of one
<br />percentage point (0.125%). Subject to the limits stated in Section 40) below, this rounded
<br />amount will be my new interest rate until the next Change Date.
<br />Form 31 1 1 1/01
<br />MULTISTATE ADJUSTABLE RATE RIDER —ARM 5.2 111111111111111111111111 IN 1111 IN
<br />Single Family— Fannie Mae►Freddie Mac UNIFORM INSTRUMENT F Y 0 A 0
<br />Bankers Systems, Inc., St. Cloud, MN Form ARR -5 -2 6/1/2004 n
<br />ref: ARN -5 -2 (page 1 of 3 pages)
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