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200303486 <br />ADJUSTABLE RATE RIDER <br />(LIBOR Six -Month Index (As Published In The Wall Street Journal) - Rate Caps) <br />2 YEAR RATE LOCK <br />THIS ADJUSTABLE RATE RIDER is made this 14th day of March 2003 , <br />and is incorporated into and shall be deemed w 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 secure <br />Borrower's Adjustable Rate Now (the "Note ") to <br />NEW CENTURY MORTGAGE CORPORATION <br />( "Lender ") of the same date and covering the property described in the Security Instrument and <br />located at <br />608 W 16TH ST , 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 <br />TIME 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 further covenant and agree as follows: <br />A. INTEREST RATE AND MONTHLY PAYMENT CHANGES <br />The Now provides form initial interest rate of 9.3000 %. The Now 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 Ap r 11 2005 , <br />and on that day every 6th month thereafter. Each dale on which my interest rate could change <br />is called a "Change Date." <br />0000825188 <br />MULTISTATE ADJUSTABLE RATE RIDER -LIBOR SIX -MONTH INDEX (AS PUBLISHED IN THE WALL <br />STREETJOURNAL) - Single Fam <br />(3i$ly]-Fannie Mae Uniform Instrument <br />1 of 4(0006) Form 31 SQ V�01� T-r III IIII II'lll'I IIII I IIII I'I <br />Page 1 of 4 Initials ! ] <br />VMP MORTGAGE FORMS - (800)521 -7291 <br />