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200302380 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Six -Month Index (As Published In The Wall Sneer Joumal) - Rate Caps) <br />LOAN NUMBER: 1000103044 <br />THISADJUSTABLERATERIDERis made this 21ST day of FEBRUARY, 2003 , <br />and is incorpmatedinto and shall be deemedto amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower') to <br />secure Borrowers Adjustable Rate Note (the "Nate ") to <br />MERITAGE MORTGAGE CORPORATION, <br />AN OREGON CORPORATION <br />( "Lender ") of the same date and covering the property described in the Security Instrument and <br />located at: <br />2207 PIONEER BOULEVARD <br />GRAND ISLAND. NE 68801 <br />[Pmpeny Address] <br />THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE <br />INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE <br />AMOUNT BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME <br />AND THE MAXIMUM RATE BORROWER MUST PAY. <br />ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender farther covenant and agree as Follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interestrate of 7.375 %. 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 interestrate I will pay may change on the first day of MARCH. 2006 , <br />and on that day every 6TH month thereafter. Each date on which my interest rate could change <br />is called a "Change Date." <br />MULTISTATE ADJUSTABLE RATE RIDER -LIBOR SDI -MONTH INDEX (AS PUBLISHED IN THE WALL STREET <br />JOURNAL) -Single Family -Fannie Mae Uniform Instrument <br />838R )0006) Form 3138 1101 <br />Page 1 of 4 Initials: / /1VJ/ I <br />VMP MORTGAGE FORMS- (800)521 -7281 t-blti. IIIIII II 11111111 IN 111111)III IN <br />DDS M38 <br />