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200412382 <br />ADJUSTABLE RATE RIDER 0141884163 <br />2 YEAR /6 MONTH LIBOR INDEX - RATE CAPS <br />( Assumable during Life of Loan) (First Business Day of Preceding Month Lookback) <br />THIS ADJUSTABLE RATE RIDER is made this 17th day of DECEMBER, 2004,,,,,,,,,,,,,, and is <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Deed <br />to Secure Debt (the "Security Instrument'l of the same date given by the undersigned (the "Borrower' <br />to secure the borrower's Adjustable Rate Note (the "Note's to .... ............................... <br />WE.LLS . . .. FARGO . . . BANK. ., ..N.A. .. .....(the "Lender'l <br />.......................................................... ............................... ......... ......... ......... <br />of the same date and covering the property described in the Security Instrument and located at: <br />624 E MEMORIAL DRIVE,,CRAND ISLAND NE 68801 <br />.........�. ....................................... ............................... <br />.......................... <br />(Property Address) <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS <br />THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY <br />ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br />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 ....9.250,,,,,,,,.. %. The Note provides for changes in <br />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 *1VARY,,2007....... and may change <br />on that day every sixth month thereafter. Each date on which my interest rate could change is <br />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 "Index' is <br />the six month London Interbank Offered Rate ( "LIBOR ") which is the average of interbank offered <br />rates for six -month U.S. dollar- denominated deposits in the London market, as published in The <br />Wall Street Journal. The most recent Index figure available as of the first business day of the <br />month immediately preceding the month in which the Change Date occurs is called the "Current <br />Index." <br />MULTISTATE ADJUSTABLE RATE RIDER 6 -Month LIBOR Index (Assumable during Life of Loan) Form 5120 3/04 EC106A Rev 09/21/04 <br />(First Business Day Lookback) - Single Family - Freddie Mac UNIFORM INSTRUMENT <br />0�1 <br />