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200304209 ADJUSTABLE RATE RIDER (LIBOR Index - Rate Caps) THIS ADJUSTABLE RATE RIDER is made this 4th day of April 2003 , , 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 (tire "Borrower ") to secure Borrower's Adjustable Rate Note (the "Note ") to FIRST FRANKLIN FINANCIAL CORPORATION (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 411 N GRACE AVENUE, GRAND ISLAND, Nebraska 68801 IRmpeny Add ressI 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 agrcemenls nude in die 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 7.375 7E. The Note provides fur changes in the interest rate and the monthly paymenLS, as follows: 4. INTEREST RATE AND MON'T'HLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may change on die first day of May 2005 and on that day every sixth month thereafter. Each date On which Illy 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 average of interbank offered rates for six -month U.S. dollar-denondnated deposits in the Umdon nurli ( "LIBOR'), as published in The Wall Street Journal. The most recent Index figure available as of the MULTISTATE ADJUSTABLE RATE RIDER - LIBOR INDEX - Single Family /I� Page 1 of 3 .268008 (9]10) ELECTRONIC LASER FORMS, INC. - (800132] -0545 Document # L39OX 1r1 /�V�